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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 - Sheba Copper Mines Ltd
Website -
Symbol - SHE.RT
Cusip Number - 820870 11 1 
Expiry Date - February 6 1989
News Releases

1988-12-21 18:47 ET - Rights Offering

The company has announced it will offer to shareholders of record on January 6 1989, rights to purchase shares of the company.

Basis of offering: Two rights exercisable for one share at $0.17 per share.
Record date: January 6 1989
Shares trade x-rt: December 30 1988
Rt called for trade: December 30 1988
Rt trade for cash: January 30 1989
Rt expire: February 6 1989
Rt trading symbol: SHE.RT
Rt Security No: 834386
Rt Cusip No: 820870 11 1

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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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