THE INVESTOR'S GUIDE TO WARRANTS:
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Website -
Symbol - PGB.RT
Cusip Number - 716493 11 9
Expiry Date - Dec. 17, 2003
News Releases
Petroglobe rights offering
2003-11-12 16:15 ET - Rights Offering
The company has announced it will offer to shareholders of record on Nov. 24, 2003, rights to purchase shares of the company. One right will be issued for each share held. As at Nov. 7, 2003, the company had 5,807,468 shares issued and outstanding.
Basis of offering: Four rights plus 40 cents will entitle the holder to subscribe for one common share
Record date: Nov. 24, 2003
Shares trade ex-rights: Nov. 20, 2003
Rights called for trading: Nov. 20, 2003
Rights trade for cash: Dec. 12, 2003
Rights expire: Dec. 17, 2003
Rights trading symbol: PGB.RT
Rights Cusip No.: 716493 11 9 (ISN: CA 7164931197)
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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.
