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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Website -
Symbol - PTR.RT
Cusip Number - 716946 11 6
Expiry Date - Nov. 12, 1999
News Releases
Petromin rights offering
1999-10-05 17:19 ET - Rights Offering
The company will offer to shareholders of record at Oct. 13, 1999, rights to purchase shares of the company. One right will be issued for each share held. A total of 1,500 rights and $100 are required to purchase one unit, each whole unit consisting 7.75-per-cent redeemable convertible, subordinated debenture in the principal amount of $100, and 125 non-transferable share-purchase warrants. The rights offering will expire on Nov. 12, 1999. Each non-transferable warrant entitles the buyer to purchase one share at 60 cents up to 4:00 p.m. (Vancouver time) on Sept. 30, 2001. As at Sept. 28, 1999, the company had 12,750,231 shares issued and outstanding.
Shares trade ex-rights: Oct. 8 1999
Rt called for trading: Oct. 8, 1999
Rt trade for cash: Nov. 5, 1999
Rt expire: Nov. 12, 1999, at 4:00 p.m. (Vancouver time); the rights will trade until 9:00 a.m., Vancouver time, on the expiry date
Rt trading symbol: PTR.RT
Rt Cusip No: 716946 11 6
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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.
