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THE INVESTOR'S GUIDE TO WARRANTS:

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Name - Norsat International Inc
Website -
Symbol - NIN.RT
Cusip Number - 656513 12 4 
Expiry Date -
News Releases:

1987-01-29 03:00 ET - Rights Offering

The company has announced it will offer to shareholders of record on February 9, 1987 rights to purchase shares of the company.

Basis of offering: Three rights exercisable for two shares at $1.20per share
Record date: February 9, 1987
Shares trade x-rt: February 3, 1987
Rt expire: March 11, 1987
Trading symbol: NIN.RT
Security No: 834284
Cusip No: 656513 12 4

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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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