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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 - Norsemont Mining Inc
Website -
Symbol - NOM.RT
Cusip Number - 656529 11 2
Expiry Date - June 26, 2009 
News Releases

Norsemont Mining rights offering

2009-05-26 19:12 ET - Rights Offering

TSX bulletin 2009-0651

Rights symbol: NOM.RT
Cusip number for rights: 656529 11 2
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: Six rights plus $1.60 for one unit (as described below)
Expiry time: 5 p.m. (Toronto time), June 26, 2009
Ex rights date: May 28, 2009
Record date: June 1, 2009.

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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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