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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 - Diversity Corporation
Website -
Symbol - DVR.RT
Cusip Number - 25537D 12 6 
Expiry Date - October 2 1997
News Releases

1997-08-18 19:17 ET - Rights Offering

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 August 22 1997. Shareholders will receive one right for each six common shares held.

The rights will be posted for trading on the ASE on August 20 1997. The common shares will begin trading on an ex-rights basis at the opening of business on August 20 1997.

Rt symbol: DVR.RT
Rt security code: ISM - 834 763
Rt Cusip No: 25537D 12 6
Rt exercise price: One right and $0.39 to purchase one common share
Expiry date: October 2 1997
Cash trading date: September 30 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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