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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Glamis Resources Ltd
Website -
Symbol - GLM.A.RT
Cusip Number - 376780 11 0 
Expiry Date - Sept. 4, 2009
News Releases

Glamis Resources rights offering

2009-07-31 18:05 ET - Rights Offering

Basis of offering: 26,481,693 (four rights exercisable for one share at 38 cents per share)
Record date: Aug. 13, 2009
Shares trade ex rights: Aug. 11, 2009
Rights called for trading: Aug. 11, 2009
Rights trade for cash: Sept. 1, 2009 (Trading in the rights shall be for cash for the three trading days preceding the expiry date.)
Rights expire: Sept. 4, 2009
Rights trading symbol: GLM.A.RT
Rights Cusip No.: 376780 11 0
Authorized jurisdictions: All provinces, except Quebec

For further details, please refer to the company's rights offering circular dated July 31, 2009.

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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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