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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Website -
Symbol - FSL.RT
Cusip Number - 317947 11 7
Expiry Date - April 8, 2002
News Releases
Fintech Solutions to offer rights to shareholders
2002-02-26 18:00 ET - Rights Offering
The company will offer to shareholders of record on March 7, 2002, rights to purchase shares of the company. One right will be issued for each share held.
Each unit consisting of one common share and one-half non-transferable share purchase warrant. The expiry date for the rights offering is April 8, 2002. Each whole share purchase warrant and 20 cents entitles the buyer to purchase one common share of the company for a period of six months commencing one year from the date of closing of the rights offering. As at Feb. 21, 2002, the company had 23,286,190 shares issued and outstanding.
Basis of offering: Four rights exercisable for one unit at 10 cents per unit
Record date: March 7, 2002
Shares trade ex-rights: March 5, 2002
Rights called for trading: March 5, 2002
Rights trade for cash: April 3, 2002
Rights cease trading: April 8, 2002
Rights expire: April 8, 2002
Rights symbol: FSL.RT
Rights Cusip No: 317947 11 7
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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.
