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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 - Katanga Mining Ltd
Website -
Symbol - KAT.RT
Cusip Number - G5221G 12 5 
Expiry Date - June 26, 2009
News Releases

Katanga Mining rights offering

2009-05-28 19:37 ET - Rights Offering

TSX bulletin 2009-0680

Rights symbol: KAT.RT
Rights Cusip No.: G5221G 125
Shareholder entitlement: One right for each common share held on the record date. For each 1.648281 rights held the holder will be entitled to subscribe for one common share.
Terms of the rights: 1.648281 rights entitles the purchase of one common share at a price of 35 U.S. cents.
Expiry time: 5 p.m. (Toronto time) on June 26, 2009
Ex rights date: June 1, 2009
Record date: June 3, 2009

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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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