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
no time to read, try audiobooks
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Website -
Symbol - PVC.RT
Cusip Number - 715914 11 5
Expiry Date - July 23 1996
News Releases
1996-06-25 13:31 ET - Rights Offering
Holders of exchangeable shares of record as of the close of business on July 2 1996 will be granted one right for each share held. Each unit will consist of a $7.50 principal amount 8.5% unsecured subordinated debenture of the company and one exchangeable share purchase warrant. Each warrant will entitle the holder to purchase one exchangeable share at a price equal to the greater of (i) $7.00; and (ii) the then current market price of an exchangeable share on the TSE less $7.00, at any time on or before 4:00 pm, Toronto time, on June 24 2006.
The warrants issuable upon exercise of the rights have been conditionally approved for listing on the exchange, subject to the fulfillment of the requirements of the exchange. If and when the warrants are to be listed, a further exchange bulletin regarding the listing will be issued. The debentures will not be listed on the TSE and it is understood that there will be no public market through which the debentures may be sold.
Symbol: PVC.RT
Shares trade ex-rights: June 27 1996
Exercise price: four rights and the sum of $7.50 being required to subscribe for one unit
Cusip No: 715914 11 5
Expiry date: July 23 1996
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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.
