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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 - Triangle Capital Energy Corp
Website -
Symbol - TNG.RT
Cusip Number - 895922 11 0 
Expiry Date - November 20 1993
News Releases

1993-10-18 18:13 ET - Rights Offering

The exchange has been advised that the company is issuing rights to shareholders of record as at October 27 1993. Holders will receive one right for each share held. The rights offering circular has been cleared in Ontario only.

Rt symbol: TNG.RT
Trading ex-rights: October 21 1993
Security code: ISM 834 415; WCCC 834 417
Cusip No: 895922 11 0
Exercise price: Four rights and $0.20 to purchase one share
Expiry date: November 20 1993
Cash trade date: November 22 1993

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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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