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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 - International Datashare Corp
Website -
Symbol - IED.RT
Cusip Number - 458975 11 7 
Expiry Date - Oct. 18, 1999
News Releases

Int'l Datashare plans rights offering

1999-09-10 14:31 ET - Rights Offering

TSE Bulletin 99 1082

Holders of common shares of record of International Datashare as of the close of business on Sept. 17, 1999, will be granted one right for each common share held.

Symbol: IED.RT
Shares trade ex-rights: Sept. 15, 1999
Cusip No: 458975 11 7
Exercise price: Five rights 0.20 cents for one additional common share
Rights expire: Oct. 18, 1999

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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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