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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 - Environmental Technologies Inc
Website -
Symbol - EVK.RT
Cusip Number -  29409D 12 3
Expiry Date - August 15 1994
News Releases

1994-07-05 17:39 ET - Rights Offering


The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close July 13 1994. Holders will receive one right for each four common shares held. The rights offering circular has been cleared in Alberta, Ontario, and BC only.

Stock symbol: EVK.RT
Trading ex-rights: July 7 1994
Security code: ISM-834 187; WCCC-834 562
Cusip No: 29409D 12 3
Exercise price: One right and $0.04 to purchase one common share
Expiry date: August 15 1994
Cash trading date: August 8 1994

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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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