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
no time to read, try audiobooks
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Website -
Symbol - IRO.RT
Cusip Number - 458355 11 2
Expiry Date - July 22 1993
News Releases
Rights admitted to trading
1993-06-18 10:04 ET - Miscellaneous
The company is issuing rights to holders of common shares on the basis of one right for every common share held on the record date. Each unit is comprised of one share and one warrant. Two warrants entitle the holder to purchase one share on or before January 31 1994 at $0.75 per share.
The rights will be admitted to trading on a when issued basis at the opening of business on June 23 1993.
Basis of offering: Six rights will entitle the holder to subscribe to one unit at $0.60 per unit
Symbol: IRO.RT
Cusip No: 458355 11 2
Record date: June 30 1993
Subscrip basis: Six rights and $0.60 per unit
Expiry date: July 22 1993 at 4:00 pm (Toronto time)
Trading ex-rights: June 23 1993
Reg trading: July 6 1993
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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.
