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Name - Qnetix Inc
Website -
Symbol - QTX.RT
Cusip Number - 746942 11 9 
Expiry Date - May 31, 2000
News Releases

Qnetix amends rights offering

2000-05-02 19:06 ET - Rights Offering

This bulletin acknowledges the amendments to the company's rights offering as originally described in a Canadian Venture Exchange bulletin in Stockwatch April 20, 2000. The company has announced it will offer to shareholders of record on May 8, 2000, rights to purchase shares of the company. One right will be issued for each share held. As at April 25, 2000, the company had 24,241,503 shares issued and outstanding.

Offering: Four rights exercisable for one share at 40 cents per share
Record date: May 8, 2000
Shares trade x-rt: May 4, 2000
Rt called for trading: May 4, 2000
Rt trade for cash: May 29, 2000
Rt expiry: May 31, 2000
Rt trading symbol: QTX.RT
Rt Cusip No: 746942 11 9

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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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