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Name - Dynex Power Inc
Website -
Symbol - DNX.RT
Cusip Number - 26817E 11 5 
Expiry Date - Dec. 30, 2009
News Releases

Dynex Power rights offering

2009-11-23 16:43 ET - Rights Offering

Basis of offering: One right exercisable for one share at 56 cents per share
Record date: Dec. 2, 2009
Shares trade ex rights: Nov. 30, 2009
Rights called for trading: Nov. 30, 2009
Rights trade for cash: Dec. 22, 2009
Rights expire: Dec. 30, 2009
Rights trading symbol: DNX.RT
Rights Cusip No.: 26817E 11 5
Authorized jurisdiction(s): Alberta, Ontario, British Columbia

For further details, please refer to the company's rights offering circular dated Nov. 23, 2009.

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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