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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - SR Telecom
Website -
Symbol - SRX.RT
Cusip Number - 78464P 11 7 
Expiry Date - July 3, 2001
News Releases

SR Telecom rights offering

2001-06-06 17:36 ET - Rights Offering

TSE Bulletin 2001-0686

Holders of common shares of record as of the close of business on June 12, 2001, will be granted one right for each common share held.

Basis of offering: four rights and the sum of $1.60 per common share
Symbol: SRX.RT
Shares trade ex-rights: June 8, 2001
Cusip: 78464P 11 7
Rights Expiry: July 3, 2001

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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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