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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 - Primary Energy Recycling Corp
Website -
Symbol - PRI.RT
Cusip Number - 74158D 11 4 
Expiry Date - Nov. 11, 2009
News Releases

Primary Energy rights offering

2009-10-06 19:15 ET - Rights Offering

TSX bulletin 2009-1287

Stock symbol: PRI.RT
Cusip No.: 74158D 11 4
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: One right entitles the holder to purchase 2.532717 subscription receipts at a price of 52 U.S. cents per one subscription receipt
Ex rights date: Oct. 8, 2009
Record date: Oct. 13, 2009
Rights expire: 4 p.m. (Toronto time) on Nov. 11, 2009, however, because Nov. 11 is not a settlement day, trading of the rights will cease at the close of business on Nov. 10, 2009 (refer below to mandatory special settlement rules)

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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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