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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 - Pursuit Resources Inc
Website -
Symbol - PUT.RT
Cusip Number - 74640D 11 0
Expiry Date - January 31 1994
News Releases

1993-12-15 18:35 ET - Rights Offering

The company is issuing rights to the holders of its issued shares of record at the close of business December 23 1993. Holders will receive one right for each common share held. The rights offering prospectus has been cleared in Alberta, BC, Manitoba and Ontario only.

RT stock symbol: PUT.RT
Shares trade ex-rights: December 17 1993
Rt security code: ISM 834 371; WCCC 834 605
Rt Cusip No: 74640D 11 0
Exercise price: 10 rights entitle the holder to acquire one share and one-half warrant for $0.90. Each warrant entitles the holder to purchase a common share at $1.25 until March 17 1995
Expiry date: January 31 1994
Cash trading date: January 24 1994

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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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