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Name - TriAusMin Ltd
Website -
Symbol - TOR.RT
Cusip Number - Q92177 12 2 
Expiry Date - Oct. 16, 2012
News Releases

TriAusMin rights offering

2012-09-12 20:57 ET - Rights Offering

TriAusMin Ltd. will grant holders of record at Sept. 18, 2012, rights to purchase additional shares of the company, according to the Toronto Stock Exchange. One right will be issued for every four shares held on the record date.

Basis of offering: One right entitles the holder to buy one additional share for six cents
Shares trade ex rights: Sept. 14, 2012
Rights expire: 5 p.m. (local time) on Oct. 16, 2012
Trade dates:
Trades completed on Oct. 12 and Oct. 15, 2012, will settle on the next business day in cash
Trades completed from the open to 12 p.m. (Toronto time) on Oct. 16, 2012, will settle on the same day in cash
Rights trading symbol: TOR.RT
Rights Cusip No.: Q92177 12 2

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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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