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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 - 49 North Resources Inc
Website -
Symbol - FNR.RT
Cusip Number - 34978T129 
Expiry Date - Oct. 28, 2014
News Releases

49 North rights offering

2014-09-10 16:25 ET - Rights Offering

Basis of offering: Four rights exercisable for one unit at 30 cents per unit
Record date: Sept. 19, 2014
Shares trade ex rights: Sept. 17, 2014
Rights called for trading: Sept. 17, 2014
Rights trade for cash: Oct. 23, 2014 -- trading in the rights shall be for cash for the three trading days preceding the expiry date
Rights expire: Oct. 28, 2014
Rights trading symbol: FNR.RT
Rights Cusip No.: 34978T129
For further details, please refer to the company's rights offering circular dated Sept. 5, 2014.

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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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