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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 - Murgor Resources
Website -
Symbol - MGR.RT
Cusip Number - 62660P 12 1 
Expiry Date - March 3, 2008
News Releases

Murgor Resources rights offering

2008-01-30 16:47 ET - Rights Offering

Basis of offering: One right will be issued for each share held. Eight rights are exercisable for one unit at 60 cents per unit.
Record date: Feb. 8, 2008
Shares trade ex rights: Feb. 6, 2008
Rights called for trading: Feb. 6, 2008
Rights trade for cash: Feb. 27, 2008
Rights cease trading: March 3, 2008, at 12 p.m. EST
Rights expire: March 3, 2008, at 5 p.m. EST
Rights trading symbol: MGR.RT
Rights Cusip No: 62660P 12 1

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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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