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Name - Visionwall Inc
Website -
Symbol - VI.RT.A
Cusip Number - 92930X 11 8 
Expiry Date - July 30, 1999
News Releases

Visionwall rights offering

1999-06-25 17:58 ET - Rights Offering

The Alberta Stock Exchange has been advised that the company is issuing rights to the holders of its issued and outstanding Class A shares of record at the close of business on June 30, 1999. Holders will receive one right for each Class A share held. The rights offering circular has been cleared in Alberta, British Columbia, Manitoba and Ontario only.

Rt symbol: VI.RT.A
Shares trade ex-rights: June 28, 1999
Rt security code: 834 957
Rt Cusip No: 92930X 11 8
Rt exercise price: Five rights and 15 cents to purchase one Class A share
Rt expiry date: July 30, 1999
Cash trading date: July 28, 1999

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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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