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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 - OnX Enterprise Solutions Inc
Website -
Symbol - ON.RT
Cusip Number - 68338V 11 9 
Expiry Date - Oct. 30, 2002
News Releases

OnX Enterprise rights offering

2002-10-02 19:43 ET - Rights Offering

TSX bulletin 2002-1048

Symbol: ON.RT
Cusip No: 68338V 11 9
Shareholder entitlement: One right for each common share held on the recorddate
Terms of the rights: Six rights plus 16 cents entitles the holder to subscribefor one unit. Each unit consists of one commonshare and one-half of one common share purchasewarrant.
Expiry time of the rights: 5 p.m. (Toronto time), Oct. 30, 2002
Ex-rights date: Oct. 4, 2002
Record date: Oct. 8, 2002

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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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