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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Digital Courier International Corp
Website -
Symbol - DIC.RT
Cusip Number - 253924 11 2 
Expiry Date - April 29 1997
News Releases

1997-03-03 18:41 ET - Rights Called to Trade

The ASE has been advised that the company has issued rights to the holders of its issued and outstanding shares of record at the close of business on February 13 1997. Holders will receive one right for each four shares held. The rights offering circular has been cleared in the provinces of Alberta, BC, Manitoba, Ontario and Quebec only.

Rt symbol: DIC.RT
Shares trade ex-rights: March 4 1997
Rt Cusip No: 253924 11 2
Rt exercise price: One right and $2.00 to purchase one share
Rt expiry date: April 29 1997
Cash trading date: April 25 1997

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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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