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THE INVESTOR'S GUIDE TO WARRANTS:

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Name - Unilens Optical Corp
Website -
Symbol - UOC.RT
Cusip Number - 904907 11 0 
Expiry Date - April 2 1991
News Releases

1991-02-21 18:43 ET - Rights Offering

The company will offer to shareholders of record on March 4 1991, rights to purchase shares of the company. One right will be issued for each share held.

Basis of offering: One right exercisable for one share at $0.60 per share
Record date: March 4 1991
Shares trade x-rt: February 26 1991
Rt called for trade: February 26 1991
Rt trade for cash: March 25 1991
Rt expire: April 2 1991
Rt trading symbol: UOC.RT
Rt security No: 834498
Rt Cusip No: 904907 11 0

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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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