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Name - AirIQ Inc
Website -
Symbol - IQ.RT
Cusip Number - 009120 12 2 
Expiry Date - April 11, 2011
News Releases

AirIQ rights offering

2011-03-07 20:50 ET - Rights Offering

Basis of offering: one right exercisable for two shares at 15 cents per share
Record date: March 17, 2011
Shares trade ex rights: March 15, 2011
Rights called for trading: March 15, 2011
Rights trade for cash: April 6, 2011
Rights expire: April 11, 2011
April 6, 2011 -- to settle -- April 7, 2011;
April 7, 2011 -- to settle -- April 8, 2011;
April 8, 2011 -- to settle -- April 11, 2011;
April 11, 2011 -- to settle -- April 11, 2011.
Rights trading symbol: IQ.RT
Rights Cusip No.: 009120 12 2
Authorized jurisdiction(s): British Columbia, Alberta, Manitoba, Ontario and Quebec

For further details, please refer to the company's rights offering circular dated Feb. 28, 2011.

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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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