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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 - NQL Drilling Tools Inc
Website -
Symbol - NQL.RT
Cusip Number - 62936W 11 6 
Expiry Date - Oct. 14, 2003
News Releases

NQL Drilling Class A share rights offering

2003-09-11 20:45 ET - Rights Offering

TSX bulletin 2003-0974

Symbol: NQL.RT
Cusip No: 62936W 11 6
Shareholder entitlement: One right for each Class A common share held onthe record date
Terms of the rights: Five rights plus $3.15 for one additional taycommonshare
Expiry time: 4 p.m. (Calgary time), Oct. 14, 2003
Ex-rights date: Sept. 15, 2003
Record date: Sept. 17, 2003
Symbol: NQL.RT
Cusip No: 62936W 11 6

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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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