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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 - Terrenex Ventures Inc
Website -
Symbol - TXV.RT
Cusip Number - 88145F 11 5 
Expiry Date - March 29 1995
News Releases

1995-03-01 19:02 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of its issued common shares of record at the close of business on March 8 1995. Shareholders will receive one right for each common share held. The rights offering circular has been cleared in Alberta only.

Symbol: TXV.RT
Shares trade ex-rights: March 2 1995
Sec Code: ISM and WCCC - 834 411
Cusip No: 88145F 11 5
Exercise Price: Six rights and $1.95 to purchase one common share
Expiry date: March 29 1995
Cash Trading: March 22 1995

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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