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Name - Ranger Energy Ltd
Website -
Symbol - RGG.RT
Cusip Number - 75281Q 11 2 
Expiry Date - Jan. 11, 2010
News Releases

Ranger Energy rights offering

2009-12-15 16:49 ET - Rights Offering

Basis of offering: Four rights exercisable for one share at 10 cents per share.
Record date: Dec. 18, 2009
Shares trade ex rights: Dec. 16, 2009
Rights called for trading: Dec. 16, 2009
Rights trade for cash: Jan. 8, 2010. Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights expire: Jan. 11, 2010
Rights trading symbol: RGG.RT
Rights Cusip No.: 75281Q 11 2
Authorized jurisdiction(s): Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island

For further details, please refer to the company's rights offering circular dated Dec. 11, 2009.

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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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