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Website -
Symbol - KLG.RT.U
Cusip Number - 483406 11 2
Expiry Date - Dec. 12, 2000
News Releases
Kalimantan rights offering accepted
2000-11-09 17:42 ET - Rights Offering
The company has announced it will offer to shareholders of record on Nov. 14, 2000, rights to purchase shares of the company. One right will be issued for each share held. Four rights and 20 cents are required to purchase one share. The expiry date for the rights offering is Dec. 12, 2000. As at Oct. 20, 2000, the company had 15,871,874 shares issued and outstanding.
Basis of offering: Four rights exercisable for one share at 20 cents per share.
Record date: Nov. 14, 2000
Ex-rights date: Nov. 10, 2000
Called to trading: Nov. 10, 2000
Trade for cash: Dec. 8, 2000
Cease trading: 9 a.m. PT, Dec. 12, 2000
Rights expire: 4 p.m. PT, Dec. 12, 2000
Trading symbol: KLG.RT.U
Cusip number: 483406 11 2
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Canadian Exchanges News
Canadian Securities Exchange News
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.
