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Name - Vaaldiam Resources Ltd
Website -
Symbol - VAA.RT
Cusip Number - 918474 12 3 
Expiry Date - Sept. 17, 2008
News Releases

Vaaldiam Resources rights offering

2008-08-15 19:35 ET - Rights Offering

TSX bulletin 2008-0928

Rights symbol: VAA.RT
Cusip number for rights: 918474 12 3
Shareholder entitlement: One right for each common share held on the record date.
Terms of the rights: Two rights plus 15 cents for one common share.
Expiry time: 5 p.m. (Toronto time), Sept. 17, 2008
Ex rights date: Aug. 19, 2008
Record date: Aug. 21, 2008

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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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