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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 - Stryker Resources Ltd
Website -
Symbol - SRY.RT
Cusip Number - 863684 13 0 
Expiry Date - November 3 1989
News Releases

1989-09-25 19:06 ET - Rights Offering

The company will offer to shareholders of record on October 4 1989 rights to purchase shares of the company. One right will be issued for each share held.

Basis of offering: Two rights exercisable for one share at $0.15 per share
Record date: October 4 1989
Shares trade x-rt: September 28 1989
Rt called for trade: September 28 1989
Rt trade for cash: October 27 1989
Rt expire: November 3 1989
Trading symbol: SRY.RT
Security No: 834391
Cusip No: 863684 13 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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