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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 - Harbour Petroleum Company Limited
Website -
Symbol - HRP.RT
Cusip Number - 41156E 11 5 
Expiry Date - October 27 1992
News Releases

1992-09-25 19:14 ET - Rights Offering

The company is issuing a rights offering whereby shareholders of record at the close of business on October 5 1992 will be issued one right for each share held.

Trade ex-rights: September 29 1992
Rt symbol: HRP.RT
Security code: ISM - 834 267; WCCC 834 256
Cusip No: 41156E 11 5
Exercise price: Four rights and $0.50 to purchase one share
Expiry date: October 27 1992
Cash trade date: October 20 1992

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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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