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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 - Maxxcom Inc
Website -
Symbol - MXX.RT
Cusip Number - 57777W 11 8 
Expiry Date - July 16, 2002
News Releases

Maxxcom rights offering

2002-06-10 19:15 ET - Rights Offering

TSE bulletin 2002-0665

Symbol: MXX.RT
Cusip No: 57777W 11 8
Shareholder entitlement: One right for each common share held on therecord date
Terms of the rights: One right entitles the holder thereof to 0.7634common share at a price of $1.60 per share
Expiry time: 4 p.m. (Toronto time), July 16, 2002
Ex-rights date: June 12, 2002
Record date: June 14, 2002

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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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