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Name - Stonepoint Energy Inc
Website -
Symbol - STO.RT
Cusip Number - 86184J113 
Expiry Date - Dec. 24, 2014
News Releases

Stonepoint Energy rights offering

2014-11-12 16:07 ET - Rights Offering

Basis of offering: five rights are exercisable for one share at 11 cents
Record date: Nov. 24, 2014
Shares trade ex rights: Nov. 20, 2014
Rights called for trading: Nov. 20, 2014
Rights trade with special settlement: Dec. 19, 2014
Rights cease trading: Dec. 24, 2014, at 12 p.m. Eastern Time
Rights expire: Wednesday, Dec. 24, 2014, at 4 p.m. Mountain Time
TRADE DATES

Dec. 19, 2014, to settle Dec. 23, 2014
Dec. 22, 2014, to settle Dec. 23, 2014
Dec. 23, 2014, to settle Dec. 24, 2014
Dec. 24, 2014, to settle Dec. 24, 2014

Rights symbol: STO.RT
Rights Cusip No.: 86184J113

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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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