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Name - Purepoint Uranium Group Inc
Website -
Symbol - PTU.RT
Cusip Number - 746234137 
Expiry Date - Nov. 21, 2014
News Releases

Purepoint Uranium rights offering

2014-10-10 18:43 ET - Rights Offering

Basis of offering: eight rights exercisable for one unit at five cents per unit
Record date: Oct. 24, 2014
Shares trade ex rights: Oct. 22, 2014
Rights called for trading: Oct. 22, 2014
Rights trade for cash: Nov. 18, 2014 -- trading in the rights shall be for cash for the three trading days preceding the expiry date
Rights expire: Nov. 21, 2014
Rights trading symbol: PTU.RT
Rights Cusip No.: 746234137

For further details, please refer to the company's rights offering circular dated Oct. 6, 2014.


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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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