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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 - Northgate Exploration Ltd
Website -
Symbol - NGX.RT
Cusip Number - 666416 15 1 
Expiry Date - March 27, 2002
News Releases

Northgate rights offering

2002-02-25 18:44 ET - Rights Offering

TSE bulletin 2002-0235

Symbol: NGX.RT
Cusip No: 666416 15 1
Shareholder entitlement: One right for each common share held on the recorddate
Terms of the rights: One right entitles the holder to subscribe for 0.656 ofa unit at a price of 82.656 cents, being the equivalentof $1.26 per unit. Each unit consists of one commonshare and one-half of one common share purchase warrant.
Expiry time of the rights: 4 p.m. (Toronto time), March 27, 2002
Ex-rights date: Feb. 27, 2002
Record date: March 1, 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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