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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Rio Narcea Gold Mines Ltd
Website -
Symbol - RNG.RT
Cusip Number - 766909 40 2 
Expiry Date - Dec. 6, 1999
News Releases

Rio Narcea rights offering

1999-11-10 16:56 ET - Rights Offering

TSE Bulletin 99-1353

Holders of common shares of record as of the close of business on Nov. 15, 1999, will be granted one right for each common share held.

Symbol: RNG.RT
Ex rights date: Nov. 11, 1999
Terms of the rights: Five rights and the sum of $1.45 being required to subscribe for one additional common share
Cusip: 766909 40 2
Expiry time: 4 p.m., PT, on Dec. 6, 1999

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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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