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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Website -
Symbol - MMP.RT
Cusip Number - 554324 15 2
Expiry Date - Dec. 5, 2002
News Releases
MacDonald Mines rights offering
2002-11-01 16:28 ET - Rights Offering
The company will offer to shareholders of record on Nov. 7, 2002, rights to purchase Class A common shares of the company. One right will be issued for each share held. As at Oct. 23, 2002, the company had 91,595,751 shares issued and outstanding.
Basis of offering: Four rights and five cents are required to purchase one Class A common share
Record date: Nov. 7, 2002
Shares trade ex-rights: Nov. 5, 2002
Rights called for trading: Nov. 5, 2002
Rights trade for cash: Dec. 2, 2002
Rights expire: Dec. 5, 2002
Rights trading symbol: MMP.RT
Rights Cusip No.: 554324 15 2
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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.
