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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 - Consolidated Rideau Resources Corp
Website -
Symbol - RRD.RT
Cusip Number - 209915 11 5 
Expiry Date - November 22 1989
News Releases

1989-10-13 18:25 ET - Rights Offering


The company has announced it will offer to shareholders of record on October 24 1989 rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one share at $0.21 per share
Record date: October 24 1989
Rt called for trade: October 18 1989
Rt trade for cash: November 15 1989
Rt expire: November 22 1989
Rt trading symbol: RRD.RT
Rt security No: 834202
Rt Cusip No: 209915 11 5

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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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