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 - MPI.RT
Cusip Number - 57052F 12 9
Expiry Date - July 12 1996
News Releases
1996-06-18 08:02 ET - Rights Offering
Holders of common shares of record as of the close on June 21 1996 will be granted the right to subscribe for $100 principal amount of 8% unsecured debentures of the company for every 92 common shares held on such record date. The debentures are more fully described below.
Symbol: MPI.RT
Shares trade ex-rights: June 19 1996
Cusip No: 57052F 12 9
Exercise price: 92 rights and the sum of $100 being required for $100 principal amount of debentures
Expiry date: July 12 1996
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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.
