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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 - Inel Resources Ltd
Website -
Symbol - ILE.RT
Cusip Number - 45661G 11 7 
Expiry Date - Sepember 10, 1987
News Releases

1987-07-27 03:00 ET - Name Change

Further to the VSE notice dated July 17, 1987, effective at the opening, July 28, 1987, the rights currently trading as Skyline Resources Ltd. Rights, will commence trading under the name of Inel Resources Ltd. with the symbol ILE.RT. There is no change in Security number or Cusip number.

Each Inel Resources Ltd. right entitles the holder to purchase one share of Inel for $0.50 on or before September 10, 1987.

Symbol ILE.RT
Security No: 834392
Cusip No: 45661G 11 7
Record date: July 27, 1987
Rt trade for cash: September 2, 1987
Rt expire: Sepember 10, 1987

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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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