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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 - Dundee Petroleum Corp
Website -
Symbol - DPC.RT
Cusip Number - 264906 12 4 
Expiry Date - Sept. 14, 1999
News Releases

Dundee rights offering

1999-08-10 18:23 ET - Rights Offering

The Alberta Stock Exchange has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close of business on Aug. 16, 1999. Holders of common shares 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: DPC.RT
Shares trade ex-rights: Aug. 12, 1999
Rt security code: 834 984
Cusip No: 264906 12 4
Exercise price: Four rights and 20 cents to purchase one common share
Rt expiry date: Sept. 16, 1999
Rt cash trading date: Sept. 14, 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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