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Name - Triangulum Corp
Website -
Symbol - TGM.RT
Cusip Number - 89589V 11 1 
Expiry Date - Aug. 17, 2001
News Releases

Triangulum rights offering

2001-07-17 17:41 ET - Rights Offering

The company has announced it will offer to shareholders of record on July 27, 2001, rights to purchase shares of the company. One right will be issued for each share held. As at July 12, 2001, the company had 14,515,104 shares issued and outstanding.

Offering: Four rights and 19 cents are required to purchase one share
Record date: July 27, 2001
Shares trade ex-rights: July 25, 2001
Rights called for trading: July 25, 2001
Rights trade for cash: Aug. 15, 2001
Rights expire: 4:30 p.m. (Calgary time) on Aug. 17, 2001
Rights trading symbol: TGM.RT
Rights Cusip No: 89589V 11 1

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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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