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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 - First Dynasty Mines Ltd
Website -
Symbol - FDM.RT
Cusip Number - 319974 11 9 
Expiry Date - March 11 1998
News Releases

1998-02-13 09:19 ET - Rights Offering

The TSE advises that holders of common shares (Symbol: FDM) of record as of the close of business on February 18 1998 will be granted the right to subscribe for one right for each common share held.

Symbol: FDM.RT
Shares trade ex-rights: February 16 1998
Rt exercise price: One right and the sum of $0.44
Cusip No: 319974 11 9
Rt expiry date: March 11 1998

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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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