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 - NBD.RT
Cusip Number - 65548P 11 4
Expiry Date - Dec. 22, 2008
News Releases
Norbord rights offering
2008-11-21 18:52 ET - Rights Offering
TSX bulletin 2008-1348
Rights symbol: NBD.RT
Rights Cusip No.: 65548P 11 4
Shareholder entitlement: One right for each common share held on the record date. Each right entitling the holder to purchase 1.81 units at a price of 88 cents per unit.
Terms of the rights: One right to subscribe for units at a subscription price of 88 cents per unit, each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant entitling the holder to purchase one common share at an exercise price of $1.36 any time prior to 5 p.m. (Toronto time) on the date that is five years following the closing of the offering.
Expiration time: 5 p.m. (Toronto time), Dec. 22, 2008
Ex rights date: Nov. 25, 2008
Record date: Nov. 27, 2008
Additional information on the rights offering circular may be found in the company's short form prospectus dated Nov. 17, 2008, which is available at www.sedar.com. Capitalized terms used but not otherwise defined are as defined in the circular.
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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.
