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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 - Imperial Metals Corp
Website -
Symbol - III.RT
Cusip Number - 452892 11 0 
Expiry Date - Feb. 11, 2003
News Releases

Imperial Metals rights offering

2002-12-24 13:25 ET - Rights Offering

TSX bulletin 2002-1369

Symbol: III.RT
Cusip No: 452892 11 0
Shareholder entitlement: One right for each common share held on therecord date
Terms of the rights: Four rights plus 35 cents for one additional commonshare
Expiry time: 4 p.m. (local time), Feb. 11, 2003
Ex-rights date: Jan. 6, 2003
Record date: Jan. 8, 2003

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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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