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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 - Soocana Explorations Ltd
Website -
Symbol - SOK.RT
Cusip Number - 83575D 11 0 
Expiry Date - June 29 1992
News Releases

1992-05-21 17:25 ET - Rights Offering

The Alberta stock exchange has been advised that the company is issuing rights to its common shareholders of record at the close of business May 29 1992. Holders will receive one right for each share held.

Shares trade x-rt: May 25 1992
Rt symbol: SOK.RT
Security No: 834 398
Cusip No: 83575D 11 0
Exercise price: Four rights and $0.20 to purchase one share
Expiry date: June 29 1992
Cash trade date: June 22 1992

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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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