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Name - Doreal Energy Corporation
Website -
Symbol - DOY.RT
Cusip Number - 257903 13 8 
Expiry Date - March 15, 1999
News Releases

Doreal Energy rights offering

1999-02-15 17:51 ET - Rights Offering

The company is issuing rights to the holders of its issued and outstanding shares of record at the close of business on Feb. 19, 1999. Holders will receive one right for each common share held. The rights offering circular has been cleared in Alberta, British Columbia, and Ontario only.

Rt symbol: DOY.RT
Shares trade ex-rights: Feb. 17, 1999
Rt security code: 834 130
Rt Cusip No: 257903 13 8
Exercise price: Seven rights and $1.25 to purchase one common share
Rt expiry: March 15, 1999
Rt cash trading date: March 11, 1999

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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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