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THE INVESTOR'S GUIDE TO WARRANTS:

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Name - Noron Tech Ltd
Website -
Symbol - NTD.RT
Cusip Number - June 12 1995
Expiry Date - M7515F 11 3
News Releases

1995-03-01 18:26 ET - Rights Offering

The company will offer to shareholders of record at March 14 1995 rights to purchase shares of the company. One right will be issued for each share held.

Basis of offering: Ten rights exercisable for one unit at $5.15
Shares trade ex-rights: March 7 1995
Record date: March 14 1995
Shares trade ex-rights: March 7 1995
Rights called for trading: March 7 1995
Exercise Price: Ten rights and $5.15 are required to purchase one unit, each unit consisting of one share and one warrant
Rights trade for cash: June 5 1995
Rights expire: June 12 1995
Rights symbol: NTD.RT
Rts security No: 834429
Rights Cusip No: M7515F 11 3

Series A warrants expiry date: June 12 1996
Series A warrants exercise price $5.15
Exercise Price: One warrant to purchase one share at $5.15 up to June 12 1996.
Wt trading symbol: NTD.WT
Wt security No: 905610
Wt cusip No: M7515F121

Authorized Jurisdiction(s): The state of Israel

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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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