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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 - K2 Energy Corp
Website -
Symbol - KTO.RT
Cusip Number - 48273C 12 8 
Expiry Date - May 20, 2004
News Releases

K2 Energy rights offering

2004-04-21 19:27 ET - Rights Offering

TSX bulletin 2004-0404

Rights symbol: KTO.RT
Rights Cusip No.: 48273C 12 8
Shareholder entitlement: One right for each common share held on the recorddate
Terms of the rights: Four rights plus 22 cents for one additional commonshare
Expiry time: 4 p.m. (Toronto time), May 20, 2004
Ex rights date: April 26, 2004
Record date: April 28, 2004

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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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