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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 - New Hibernian Resources Inc
Website -
Symbol - NHB.RT
Cusip Number - 64526F 11 5 
Expiry Date - October 24 1989
News Releases

1989-09-14 18:25 ET - Rights Offering

The company will offer to shareholders of record at September 25 1989 rights to purchase shares of the company.

Basis of offering: Two rights exercisable for one unit at $0.75 per unit. Each unit consisting ofone share and one A warrant.
Record date: September 25 1989
Shares trade x-rt: September 19 1989
Rt called for trade: September 19 1989
Rt trade for cash: October 17 1989
Rt expire: October 24 1989
Rt trading symbol: NHB.RT
Rt security No: 834289
Rt Cusip No: 64526F 11 5

A Wt expire: April 25 1990
A Wt exercisable at: $0.75
Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 64526F 12 3

Unit security No: Tba

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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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