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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 - Rollinoil Resources Inc
Website -
Symbol - ROL.RT
Cusip Number - 77570Q 11 9 
Expiry Date - October 13 1995
News Releases

1995-09-14 19:11 ET - Rights Offering

The exchange has been advised that the company is issuing rights to the holders of its outstanding common shares of record at the close of business on September 20 1995. Holders will receive one right for each common share held. The rights offering circular has been cleared in Alberta, BC and Ontario only.

Rt symbol: ROL.RT
Shares trade ex-rights: September 18 1995
Rt Security code: ISM 834 346; WCCC 834 360
Rt Cusip No: 77570Q 11 9
Exercise price: Two rights and $0.10 to purchase one common share
Expiry date: October 13 1995
Cash trade date: October 11 1995

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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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