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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 - Thrust Resources Inc
Website -
Symbol - THT.RT
Cusip Number - 88602K 12 8 
Expiry Date - April 11 1988
News Releases

1988-01-04 18:23 ET - Rights Offering

The company will offer to shareholders of record on January 13 1988 to purchase shares of the company.

Basis of offering: One right exercisable for one share at $0.15 per share
Record date: January 13 1988
Shares trade x-rt: January 7 1988
Rt called to trade: January 7 1988
Rt trade for cash: April 4 1988
Rt expire: April 11 1988
Trading symbol: THT.RT
Security No: 834497
Cusip No: 88602K 12 8

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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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