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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 - Global 45 Split Corp
Website -
Symbol - GFV.RT
Cusip Number - 379345 11 9 
Expiry Date - Dec. 7, 2007
News Releases

Global 45 Split rights offering

2007-11-06 20:07 ET - Rights Offering

TSX bulletin 2007-1571

Rights symbol: GFV.RT
Cusip number for rights: 379345 11 9
Shareholder entitlement: One right for each Class A share held on the record date
Terms of the rights: Three rights plus $24.40 per unit, each unit consisting of one Class A share and one preferred share.
Expiry time: 4 p.m. (Toronto time) on Dec. 7, 2007
Ex rights date: Nov. 8, 2007
Record date: Nov. 13, 2007

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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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