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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 - Pantera Drilling Income Trust
Website -
Symbol - RIG.RT
Cusip Number - 69866H 11 8 
Expiry Date - Oct. 23, 2008
News Releases

Pantera Drilling rights offering

2008-09-25 19:47 ET - Rights Offering

TSX bulletin 2008-1103

Rights symbol: RIG.RT
Cusip No. for rights: 69866H 11 8
Securityholder entitlement: One right for each trust unit held on the record date.
Terms of the rights: Four rights plus $3.13 for one additional trust unit
Expiry time: 4 p.m. (Calgary time), Oct. 23, 2008.
Ex rights date: Sept. 29, 2008
Record date: Oct. 1, 2008

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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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