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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 - San Anton Resource Corp
Website -
Symbol - SNN.RT
Cusip Number - 796193 11 8 
Expiry Date - July 29, 2010
News Releases

San Anton Resource rights offering

2010-06-25 19:12 ET - Rights Offering

TSX bulletin 2010-0771

Stock symbol: SNN.RT
Cusip: 796193 11 8
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: Four rights plus 15 cents for one common share
Expiry time: 4:30 p.m. (Toronto time) on July 29, 2010
Ex rights date: June 29, 2010
Record date: July 2, 2010

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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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