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
no time to read, try audiobooks
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Website -
Symbol - FMD.RT
Cusip Number - 35960D 11 3
Expiry Date - March 3, 1987
News Releases
1987-01-23 03:00 ET - Rights Offering
The company has announced it will offer to shareholders of record on February 3, 1987 rights to purchase shares of the company. One right will be issued for each share held. As at January 28, 1987 the company will have 1,001,424 shares issued and outstanding.
Basis of offering: Two rights exercisable for one share at $0.35 pershare
Record date: February 3, 1987
Shares trade ex-rt: January 28, 1987
Rt trade for cash: February 24, 1987
Rights expire: March 3, 1987
Rt trading symbol: FMD.RT
Rt security No: 834249
Rt cusip No: 35960D 11 3
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Canadian Exchanges News
Canadian Securities Exchange News
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.
