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
no time to read, try audiobooks
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Website -
Symbol - RKS.RT
Cusip Number - 039919 11 3
Expiry Date - Nov. 8, 1999
News Releases
Arcis rights offering
1999-10-12 13:41 ET - Rights Offering
TSE Bulletin 99-1217
Holders of common shares (symbol: RKS) of record as of the close of business on Oct. 15, 1999, will be granted one right for each common share held. Each unit will comprise one common share and one-half of a warrant. The common shares and warrants comprising the units will separate immediately upon issue.
The Toronto Stock Exchange has conditionally approved for listing the warrants issuable on exercise of the rights following completion of the rights offering, subject to meeting all requirements of the exchange including distribution of the warrants to a minimum number of public holders. A further bulletin will be issued if and when the warrants are to be listed.
Symbol: RKS.RT
Shares trade ex-rights: Oct. 13, 1999
Rt exercise price: Four rights and the sum of 30 cents being required to subscribe for one unit
Cusip No: 039919 11 3
Rt expiry date: Nov. 8, 1999
Wt expiry date: Nov. 7, 2001
Wt exercise price: 40 cents
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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.
