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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Odin Industries Ltd
Website -
Symbol - ODI.RT
Cusip Number - 68719J 12 3 
Expiry Date - March 19, 1987
News Releases

1987-02-06 03:00 ET - Rights Offering

The company has announced it will offer to shareholders of record on February 17, 1987 rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one share at $0.40per share
Record date: February 17, 1987
Shares trade x-rt: February 11, 1987
Rt trade for cash: March 12, 1987
Rt expire: March 19, 1987
Trading symbol: Tba
Security No: Tba
Cusip No: 68719J 12 3

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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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