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Name - Dundee Energy Ltd
Website -
Symbol - DEN.RT
Cusip Number - 26518Q 11 0 
Expiry Date - April 4, 2013
News Releases

Dundee Energy rights offering

2013-03-06 19:34 ET - Rights Offering

Dundee Energy Ltd. will grant shareholders of record at March 12, 2013, rights to purchase additional shares of the company, according to the Toronto Stock Exchange.

Basis of offering: Seven rights plus 34 cents entitles the holder to buy one share. Seven rights plus 39 cents entitles the holder to buy one flow-through share.
Shares trade ex rights: March 8, 2013
Rights expire: 5 p.m. (Toronto time) on April 4, 2013
Trade dates:
Trades on April 1, 2013, will be for special settlement on April 3, 2013
Trades on April 2 and April 3, 2013, will settle on the next day in cash
Trades completed to 12 p.m. (Toronto time) on April 4, 2013, will settle on the same day in cash
Rights trading symbol: DEN.RT
Rights Cusip No.: 26518Q 11 0

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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