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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 - Orvana Minerals Corp
Website -
Symbol - ORV.RT
Cusip Number - 8759M 11 9 
Expiry Date - Dec. 15, 2000
News Releases

Orvana Minerals rights offering

2000-11-15 17:16 ET - Rights Offering

TSE bulletin 2000-1528

Holders of common shares as of the close of business on Nov. 22, 2000, will be granted one right for each common share held.

Offering: Four rights and the sum of 9.5 cents being required to subscribe for one additional common share
Stock symbol: ORV.RT
Trust units trade x-rt: Nov. 20, 2000
Cusip: 8759M 11 9
Rt expiry: Dec. 15, 2000

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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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