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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 - Paramount Energy Trust
Website -
Symbol - PMT.RT
Cusip Number - 699219 11 9 
Expiry Date - March 10, 2003
News Releases

Paramount rights offering

2003-02-07 20:24 ET - Rights Offering

TSX bulletin 2003-0144

Symbol: PMT.RT
Cusip No: 699219 11 9
Shareholder entitlement: Three rights for each trust unit held on the recorddate
Terms of the rights: One right plus $5.05 for one additional trust unit
Expiry time: 4:30 p.m. (Calgary time), March 10, 2003
Ex-rights date: Feb. 12, 2003
Record date: Feb. 14, 2003

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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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