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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 Corporation
Website -
Symbol - IPM.RT
Cusip Number - 452904 11 3 
Expiry Date - June 7 1989
News Releases

1989-05-04 18:14 ET - Rights Offering

The company will offer to shareholders of record rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one share at $1.15 per share
Record date: May 15 1989
Shares trade x-rts: May 9 1989
Rt called for trade: May 9 1989
Rt trade for cash: May 31 1989
Rt expire: June 7 1989
RT Trading symbol: IPM.RT
RT security No: 834256
RT Cusip No: 452904 11 3

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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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