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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Emercor Building Systems Ltd
Website -
Symbol - EBS.RT
Cusip Number - 29089J 11 9 
Expiry Date - Sept. 8, 2000
News Releases

Emercor Building rights offering

2000-08-02 17:50 ET - Rights Offering

The company has announced it will offer to shareholders of record at Aug. 9, 2000, rights to purchase shares of the company. Holders of common shares and warrants resident in Alberta will receive rights certificates representing one right for each two common shares held and one right for each three warrants held on the record date.

Basis of offering: One right and 35 cents are required to subscribe for one common share
Record date: Aug. 9, 2000
Ex-right date: Aug. 4, 2000
Rights expire: Sept. 8, 2000
Trading symbol: EBS.RT
Cusip No: 29089J 11 9

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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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