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
no time to read, try audiobooks
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Website -
Symbol - PAL.RT
Cusip Number - 703043 11 7
Expiry Date - Aug. 22, 2001
News Releases
Patent Enforcement rights offering
2001-07-20 16:56 ET - Rights Offering
The company has announced it will offer to shareholders of record on Aug. 1, 2001, rights to purchase shares of the company. One right will be issued for each share held. As at July 18, 2001, the company had 13,675,833 shares issued and outstanding.
Basis of offering: Five rights exercisable for one share at 15 cents per share
Record date: Aug. 1, 2001
Shares trade ex-rights: July 30, 2001
Rights called for trading: July 30, 2001
Rights trade for cash: Aug. 20, 2001
Rights expire: Aug. 22, 2001
Rights trading symbol: PAL.RT
Rights Cusip No: 703043 11 7
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Canadian Exchanges News
Canadian Securities Exchange News
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.
