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
no time to read, try audiobooks
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Website -
Symbol - SKG.RT
Cusip Number - 82675C 14 7
Expiry Date - March 7 1997
News Releases
1997-01-23 07:37 ET - Rights Offering
Holders of common shares of record as of the close of business on January 28 1997 will be granted the right to subscribe for one unit for each common share held on the record date at
$0.075 per unit, each unit being comprised of one share and one-quarter warrant, one whole warrant entitling the holder to subscribe for one share at $0.08 on or before 4:00 pm (Toronto time) on March 8 1999.
The unit will be separated into the component parts upon issuance.
Symbol: SKG.RT
Shares trade ex-rights: January 24 1997
Exercise price: One right and $0.075 being required to subscribe for one unit
Cusip No: 82675C 14 7
Rt expiry: March 7 1997
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Canadian Exchanges News
Canadian Securities Exchange News
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.
