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
no time to read, try audiobooks
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Website -
Symbol - IAN.RT
Cusip Number - 458971 11 6
Expiry Date - September 24 1997
News Releases
1997-08-04 17:28 ET - Rights Offering
The company has announced it will offer to shareholders of record on August 25 1997, rights to purchase shares of the company. As at July 31 1997, the company had 11,147,961 shares issued and outstanding.
Shares trade ex-rights: August 21 1997
Rt trade for cash: September 19 1997
Exercise price: Four rights and $0.15
Rt trading symbol: IAN.RT
Rt Cusip No: 458971 11 6
Expiry date: September 24 1997
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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.
