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
no time to read, try audiobooks
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Website -
Symbol - MKO.RT
Cusip Number - 59862P 11 5
Expiry Date - June 1, 1987
News Releases
1987-04-06 03:00 ET - Rights Offering
The company has announced it will offer to shareholders of record on April 14, 1987, rights to purchase non flow-through shares or warrants which may be exercised to purchase flow-through shares of the company. Basis of offering: Four rights exercisable for either one non flow-through shares $1.75 per share; or one flow-through share purchase warrant at $0.25 per warrant exercisable as follows:
PRICE PERIOD
$ 3.00 02 Jun 87 - 30 Jun 87
4.50 01 Jul 87 - 31 Aug 87
6.50 01 Sep 87 - 31 May 88
8.50 01 Jun 88 - 31 May 89
$10.50 01 Jun 89 - 31 MaY 90
Record date: April 14, 1987
Shares trade x-rt: April 9, 1987
Rt called for trade: April 9, 1987
Rt trade for cash: May 25, 1987
Rt expire: June 1, 1987
Rt trading symbol: MKO.RT
RT security No: 834271
Rt Cusip No: 59862P 11 5
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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.
