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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 - ProSep Inc
Website -
Symbol - PRP.RT
Cusip Number - 74347V 12 4 
Expiry Date - Aug. 20, 2009
News Releases

ProSep rights offering

2009-07-20 19:01 ET - Rights Offering

TSX bulletin 2009-0933

Stock symbol: PRP.RT
Cusip: 74347V 12 4
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: 1.6223 rights entitle the purchase of one common share at a price of 13 cents per common share
Expiration time: 4 p.m. (local time at the place of exercise in Canada) on Aug. 20, 2009
Ex rights date: July 22, 2009
Record date: July 24, 2009

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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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