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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 - Royce Industries Inc
Website -
Symbol - RYI.RT
Cusip Number - 78081E 11 5 
Expiry Date - April 22 1991
News Releases

1991-03-13 18:04 ET - Rights Offering

The company has announced it will offer to shareholders of record at March 22 1991, rights to purchase shares of the company. One right will be issued for each share held.

Basis of offering: Four rights exercisable for one unit at $0.25 per unit; each unit consisting of one share and one A warrant
Record date: March 22 1991
Shares trade x-rt: March 18 1991
Rt called to trade: March 18 1991
Rt trade for cash: April 15 1991
Rt expire: April 22 1991
Rt trading symbol: RYI.RT
Rt security No: 834368
Rt Cusip No: 78081E 11 5

A Wt expiry date: April 2 1992
A Wt exercise price: $0.225
A Wt to buy 1 share: One
Wt trading symbol: RYI.WT.A
Wt security No: 911196
Wt Cusip No: 78081E 12 3

Unit security No: 868753

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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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