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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 - HEC Investments Ltd
Website -
Symbol - HEI.RT
Cusip Number - 40415L 11 6 
Expiry Date - May 25 1993
News Releases

1993-04-21 17:36 ET - Rights Offering

The company will offer to shareholders of record on April 30 1993, rights to purchase shares of the company. One right will be issued for each share held.

Shares trade x-rt: April 26 1993
Rt trading symbol: HEI.RT
Rt security No: 834259
Rt Cusip No: 40415L 11 6
Exercise price: Four rights and $0.60 are required to purchase one share
Cash trade date: May 17 1993
Expiry date: May 25 1993

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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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