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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 - Fosters Resources Ltd
Website -
Symbol - FRE.RT
Cusip Number - 35025W 12 1 
Expiry Date - October 10 1997
News Releases

1997-09-03 18:57 ET - Rights Offering

The company is issuing rights to the holders of its outstanding shares of record at the close September 9 1997. Shareholders will receive one right for each share held. The rights offering circular has been cleared in the provinces of Alberta, BC, Ontario and New Brunswick.

Symbol: FRE-RT
Shares trade ex-rights: September 5 1997
Security No: ISM-834 767
Cusip No: 35025W 12 1
Exercise Price: Four rights to purchase one share
Expiry date: October 10 1997
Trading date: October 8 1997

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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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