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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 - Lab Research Inc
Website -
Symbol - LRI.RT
Cusip Number - 50535R 11 7 
Expiry Date - Sept. 25, 2009
News Releases

Lab Research rights offering

2009-08-21 18:03 ET - Rights Offering

TSX bulletin 2009-1058

Stock symbol: LRI.RT
Cusip: 50535R 11 7
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: One right plus 41 cents for 2.1 additional common shares
Expiry time: 5 p.m. on Sept. 25, 2009 (Toronto time)
Ex rights date: Aug. 25, 2009
Record date: Aug. 27, 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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