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 - HTP.RT
Cusip Number - 432901 11 4
Expiry Date - July 27, 2000
News Releases
Hilton Petroleum rights offering
2000-06-19 18:42 ET - Rights Offering
The company will offer to shareholders of record at June 29, 2000, rights to purchase units of the company. One right will be issued for each share held. Each unit consists of one common share and one share purchase warrant. Two share purchase warrants will entitle the holder to purchase one common share at a price equal to the exercise price plus 25 cents until July 27, 2001, and at a price equal to the exercise price plus 50 cents thereafter and until July 27, 2002. As at June 15, 2000, the company had 27,503,961 common shares issued and outstanding.
Basis of offering: Seven rights exercisable for one unit at the greater of $2.25 and the price that is 10 per cent below the closing market price of the company's common shares on July 20, 2000
Record date: June 29, 2000
Trade ex-rights: June 27, 2000
Rt trading date: June 27, 2000
Rt trade for cash: July 18, 2000
Rt cease trading: 1:30 p.m., PT, on July 20, 2000
Rights expire: 4:00 p.m., PT, on July 27, 2000
Rt trading symbol: HTP.RT
Rt Cusip No: 432901 11 4
Wt trading symbol: HTP.WT
Wt Cusip No: 432901 12 2
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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.
