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Name - Spectral Diagnostics Inc
Website -
Symbol - SDI.RT
Cusip Number - 847574 12 6 
Expiry Date - July 25, 2001
News Releases

Spectral Diagnostics rights offering

2001-06-18 17:23 ET - Rights Offering

TSE Bulletin 2001-0746

Holders of common shares of record as of the close on Friday, June 22, 2001, will be granted one right will be issued for each share held. Each unit will comprise one common share and one-half of a common share purchase warrant.

Basis of offering: 10 rights and the sum of $3 being required to subscribe for one unit
Shares trade ex-rights: June 20, 2001
Symbol: SDI.RT
Cusip: 847574 12 6
Rights expire: 4 p.m. (Toronto time) on July 25, 2001

Warrants expire: 4 p.m. (Toronto time) on July 31, 2003
Warrants exercise price: $3.50

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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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