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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 - United Dixie Resources Inc
Website -
Symbol - UDR.RT
Cusip Number - 91019C 11 9 
Expiry Date - May 13 1993
News Releases

1993-04-06 17:41 ET - Rights Offering

The ASE has been advised that the company is issuing rights to its common shareholders of record at the close of business April 14 1993. Holders will receive one right for each share held. The rights offering has been cleared only in the province of Ontario.

Shares trade x-rt: April 7 1993
Stock symbol: UDR.RT
Security code: ISM and WCCC 834 498
Cusip No: 91019C 11 9
Exercise price: Four rights and $0.25 to purchase one share
Expiry date: May 13 1993
Cash trade date: May 6 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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