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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 - Excellon Resources Inc
Website -
Symbol - EXN.RT
Cusip Number - 30069C 12 4 
Expiry Date - June 18, 2009
News Releases

Excellon Resources rights offering

2009-05-15 21:05 ET - Rights Offering

TSX bulletin 2009-0606

Rights symbol: EXN.RT
Cusip number for rights: 30069C 12 4
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: Eight rights plus 23 cents for one additional common share
Expiry time: 5 p.m. (Toronto time), June 18, 2009
Ex rights date: May 20, 2009
Record date: May 22, 2009

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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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