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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 - Shamaran Petroleum Corp
Website -
Symbol - SNM.RT
Cusip Number - 819320 11 0 
Expiry Date - Feb. 9, 2015
News Releases

Shamaran Petroleum rights offering

2014-12-31 16:17 ET - Rights Offering

Offering: 100 rights exercisable for 93 shares upon payment of $9.30 (equivalent of 10 cents per share)

Record date: Jan. 12, 2015
Shares trade ex rights: Jan. 8, 2015
Rights called for trading: Jan. 8, 2015
Rights trade for cash: Feb. 4, 2015
Rights expire: Monday, Feb. 9, 2015

TRADE DATES

Feb. 4, 2015 -- to settle Feb. 6, 2015
Feb. 5, 2015 -- to settle Feb. 6, 2015
Feb. 6, 2015 -- to settle Feb. 9, 2015
Feb. 9, 2015 -- to settle Feb. 9, 2015

Symbol: SNM.RT
Cusip No.: 819320 11 0

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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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