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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 - Davenport Industries Ltd
Website -
Symbol - DVO.RT
Cusip Number - 238370 11 8 
Expiry Date - February 22 1988
News Releases

1988-01-14 17:46 ET - Rights Called to Trade

The company will offer to shareholders of record on January 21 1988 rights to purchase shares of the company. An additional 867,032 shares will be issued prior to the record date pursuant to the debt settlement above.

Basis of offering: Four rights exercisable for one share at $0.25 per share
Record date: January 21 1988
Shares trade x-rt: January 15 1988
Rt called for trade: January 15 1988
Rt trade for cash: February 15 1988
Rt expire: February 22 1988
Rt trading symbol: DVO.RT
Rt Security No: 834215
Rt Cusip No: 238370 11 8

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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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