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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 - Reed Lake Exploration Ltd
Website -
Symbol - RDJ.RT
Cusip Number - 75821L 11 0 
Expiry Date - January 15 1993
News Releases

1992-12-08 17:36 ET - Rights Offering


The company will issue rights to holders of its shares as at the close of business December 17 1992. Holders will receive one right for each share held. The rights offering circular has been cleared in Ontario only.

Shares trade x-rt: December 11 1992
Symbol: RDJ.RT
Security code: ISM 834 352; WCCC 834,355
Cusip No: 75821L 11 0
Exercise price: Four rights and $0.20 for one share
Expiry date: January 15 1993
Cash trade date: January 8 1993

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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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