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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 - McWatters Mining Inc
Website -
Symbol - MCW.RT
Cusip Number - 582905 13 9 
Expiry Date - Jan. 31, 2000
News Releases

McWatters rights offering

2000-01-05 13:03 ET - Rights Offering

TSE Bulletin 2000-0003

Holders of common shares of business on Jan. 10, 2000, will be granted basis of one right for each common share held.

Basis of offering: 1.2 rights and the sum of 38 cents being required to subscribe for one receipt
Symbol: MCW.RT
Shares trade ex-rights: Jan. 6, 2000
Cusip No: 582905 13 9
Rt expiry date: 5 p.m. (Montreal time), on Jan. 31, 2000

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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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