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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 - Rockwell Diamonds Inc
Website -
Symbol - RDI.RT
Cusip Number - 77434W 11 1 
Expiry Date - March 19, 2010
News Releases

Rockwell Diamonds rights offering

2010-02-12 19:03 ET - Rights Offering

TSX bulletin 2010-0180

Stock symbol: RDI.RT
Cusip number for rights: 77434W 11 1
Securityholder entitlement: One right for each common share held on the record date
Terms of the rights: Four rights entitles the purchase of one common share at a price of five cents (as described below)
Expiry time: 5 p.m. (Toronto time), March 19, 2010
Ex rights date: Feb. 17, 2010
Record date: Feb. 19, 2010.

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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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