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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 Reef Limited
Website -
Symbol - URP.RT
Cusip Number - 911349 13 2 
Expiry Date - August 22 1997
News Releases

1997-07-09 10:05 ET - Rights Offering

Holders of common shares of record as of the close of business on Monday, July 14 1997, will be granted one right for each common share held,

Symbol: URP.RT
Shares trade ex-rights: July 10 1997
Exercise price: Four rights in the sum of $0.15
Cusip No: 911349 13 2
Expiry date: August 22 1997

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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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