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 - NEW.RT
Cusip Number - 6525IN 12 4
Expiry Date - November 28, 1986
News Releases
1986-10-27 03:00 ET - Rights Offering
The company has announced it will offer to shareholders of record on November 5, 1986, rights to purchase shares of the company. One right will be issued for each share held. Ten rights and $0.55 are required to purchase one share. The expiry date for the rights offering is December 5, 1986. As at October 23, 1986, the company had 3,974,677 shares issued and outstanding.
Basis of offering: Ten rights exercisable for one share at $0.55 pershare
Record date: November 5, 1986
Rt called to trade: October 30, 1986
Rt trade for cash: November 28, 1986
Rt expire: December 5, 1986
Rt trading symbol: NEW.RT
Rt Security No: 834276
Rt Cusip No: 6525IN 12 4
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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.
