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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 - Red Sea Oil Corporation
Website -
Symbol - RSO.RT
Cusip Number - 756910 13 9 
Expiry Date - June 2, 1999

Symbol - RSO.RT
Cusip Number - 756910 11 3 
Expiry Date - November 27 1997
News Releases

Red Sea Oil rights offering

1999-05-06 17:45 ET - Rights Offering

The Alberta Stock Exchange has been advised that the company is issuing rights to its shareholders of record at the close of business on May 12, 1999. Holders will receive one right for each common share held. The rights offering prospectus has been cleared in Alberta, British Columbia, and Ontario only.

Stock symbol: RSO.RT
Security code: 834 914
Shares trade ex-rights: May 10, 1999
Cusip No: 756910 13 9
Exercise price: 1.25 rights and $1.25 to purchase one unit, each unit consists of one share and one share purchase warrant
Expiry date: June 4, 1999
Cash trading date: June 2, 1999

© 2015 Canjex Publishing Ltd. All rights reserved.

1997-10-30 19:04 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding shares of record at the close of business on November 5 1997. Shareholders will receive one right for each four common shares held. The rights offering circular has been cleared in Alberta, BC and Ontario.

Rt symbol: RSO.RT
Shares trade ex-rights: November 3 1997
Rt Cusip No: 756910 11 3
Rt exercise price: One right and $1.25 to purchase one common share
Rt expiry date: November 27 1997
Cash trading date: November 25 1997

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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