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Name - Pacific & Western Credit Corp
Website -
Symbol - PWC.RT
Cusip Number - 69374C 11 4 
Expiry Date - Oct. 13, 1998

Symbol - PWC.RT
Cusip Number - 69374C 11 4 
Expiry Date - September 9 1994
News Releases

1998-09-16 18:28 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of its issued shares of record at the close of business on Sept. 22, 1998. Shareholders of the company will receive one right for each common share held. The rights offering circular has been cleared in Alberta, B.C., Manitoba, Ontario and Saskatchewan only.

Rt symbol: PWC.RT
Rt security code: ISM - 834 464
Rt Cusip No: 69374C 11 4
Shares trade ex-rights: Sept. 18, 1998
Rt exercise price: 1,600 rights and $1,000 to purchase one note; each note is convertible into one share for every $2.50 during the first two years after issuance of the notes and one share for every $5.00 during the remaining three years
Expiry date: Oct. 13, 1998
Cash trading date: Oct. 9, 1998

© 2015 Canjex Publishing Ltd. All rights reserved.

1994-08-03 18:03 ET - Rights Offering

The ASE has been advised the company is issuing rights to the holders of its common shares of record at the close August 10 1994. Holders will receive one right for each common share held. The prospectus issuing the rights has been cleared in Alberta, Ontario, Manitoba, Saskatchewan, and BC only.

Stock symbol: PWC.RT
Shares trade ex-rights: August 4 1994
Security code: ISM-834 305; WCCC-520 801
Cusip No: 69374C 11 4
Exercise price: 12 rights plus $2.00 will purchase one unit. Each unit consists of one class A preferred share, series 2 and one warrant. Each warrant entitles the holder to purchase one class A preferred share, series 3, at $3.00 any time prior to 5:00 pm Toronto time January 31 1996. The class A preferred shares, series 2 and 3, are convertible into common shares of the company on the basis of three common shares for each preferred share
Expiry date: September 9 1994
Cash trading date: September 1 1994

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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