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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 - Sofame Technologies Inc
Website -
Symbol - SDW.RT
Cusip Number - 933977 11 9 
Expiry Date - July 30, 1999
News Releases

Sofame rights offering

1999-06-21 20:22 ET - Rights Offering

The Alberta Stock Exchange has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close of business on June 25, 1999. Holders will receive one right for each common share held. The rights offering circular has been cleared in Alberta, British Columbia and Quebec only.

Rt symbol: SDW.RT
Shares trade ex-rights: June 23, 1999
Rt security code: 834 953
Rt Cusip No: 933977 11 9
Rt exercise price: Two rights and 15 cents to purchase one share
Rt expiry date: July 30, 1999
Cash trading date: July 28, 1999

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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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