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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 - Highwood Resources Ltd
Website -
Symbol - HWD.RT
Cusip Number - 431280 13 0 
Expiry Date - Jan. 11, 2002
News Releases

Highwood Resources rights offering

2001-12-13 21:35 ET - Rights Offering

TSE bulletin 2001-1547

Symbol: HWD.RT
Cusip No: 431280 13 0
Shareholder entitlement: One right for each common shareheld on the record date
Terms of the rights: 1.214 rights plus 12.5 cents forone additional common share
Expiry time: 4 p.m. (Toronto time), Jan. 11, 2002
Ex-rights date: Dec. 19, 2001
Record date: Dec. 21, 2001

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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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