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Name - SnipGold Ltd
Website -
Symbol - SGG.RT
Cusip Number - 83307A 11 1 
Expiry Date - July 5, 2012
News Releases

SnipGold rights offering

2012-06-07 16:42 ET - Rights Offering

Basis of offering: Three rights exercisable for one unit at 75 cents per unit
Record date: June 13, 2012
Shares trade ex rights: June 11, 2012
Rights called for trading: June 11, 2012
Rights trade for cash: June 29, 2012
Trading in the rights shall be for cash for the three trading days preceding the expiry date.
Rights expire: July 5, 2012
TRADE DATES
June 29, 2012 -- to settle -- July 3, 2012
July 3, 2012 -- to settle -- July 4, 2012
July 4, 2012 -- to settle -- July 5, 2012
July 5, 2012 -- to settle -- July 5, 2012
Rights trading symbol: SGG.RT
Rights Cusip No.: 83307A 11 1
Authorized jurisdiction(s): British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and Yukon Territory

For further details, please refer to the company's short-form rights offering prospectus dated June 6, 2012.

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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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