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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Website -
Symbol - RBM.RT
Cusip Number - 76123L 13 9
Expiry Date - Dec. 29, 2011
News Releases
2011-12-01 19:40 ET - Rights Offering
Response Biomedical Corp. will grant holders of record at Wednesday, Dec. 7, 2011, rights to purchase units of the company, according to the Toronto Stock Exchange. One right will be issued for each share held on the record date. Each unit consists of one share and one share purchase warrant exercisable at 7.46 cents per share for five years from the closing of the offering.
Basis of offering: One right entitles the holder to buy 2.7532 units for 7.46 cents
Shares trade ex rights: Dec. 5, 2011
Rights expire: 5 p.m. (Eastern Time) on Thursday, Dec. 29, 2011
Trade dates:
Dec. 22, 2011 will be for special settlement on Dec. 28, 2011
Dec. 23 and Dec. 28, 2011, will settle the next business day in cash
Trades to 12 p.m. (Toronto time) on Dec. 29, 2011, will settle the same day in cash
Rights trading symbol: RBM.RT
Rights Cusip No.: 76123L 13 9
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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.
