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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 - Reg Resources Corporation
Website -
Symbol - RRE.RT
Cusip Number - 758916 11 8 
Expiry Date - October 23 1989
News Releases

1989-07-19 18:27 ET - Rights Offering

The company has announced that it will offer to shareholders of record at July 28 1989 rights to purchase shares of the company.

Basis of offering: Ten rights exercisable for one unit at $0.30 per unit

Rt called for trade: July 24 1989
Rt trade for cash: October 16 1989
Rt expire: October 23 1989
Rt trading symbol: RRE.RT
Rt security No: 834362
Rt Cusip No: 758916 11 8

Wt expiry date: April 23 1990
Wt exercise price: $0.30
Wt trading symbol: RRE.WT
Wt security No: 910944
Wt Cusip No: 758916 14 2
Unit security No: 867817
Unit Cusip No: 758916 30 8

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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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