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Name - Montana Exploration Corp
Website -
Symbol - MTZ.RT
Cusip Number - 612042 11 9 
Expiry Date - May 31, 2013
News Releases

Montana Exploration rights offering

2013-04-22 19:34 ET - Rights Offering

Basis of offering: 9.1623 rights plus 20 cents exercisable for one share
Record date: May 3, 2013
Shares trade ex rights: May 1, 2013
Rights called for trading: May 3, 2013
Rights trade for cash: May 28, 2013
Rights expire: Friday, May 31, 2013
Trade dates:
May 28, 2013, to settle May 29, 2013
May 29, 2013, to settle May 30, 2013
May 30, 2013, to settle May 31, 2013
May 31, 2013, to settle May 31, 2013
Rights trading symbol: MTZ.RT
Rights Cusip No.: 612042 11 9
Authorized jurisdictions: Alberta, British Columbia, Ontario

For further details, please refer to the company's rights offering circular dated April 22, 2013.

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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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