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Name - ViRexx Medical Corp
Website -
Symbol - VIR.RT
Cusip Number - 92765V 14 5 
Expiry Date - Aug. 22, 2008
News Releases

ViRexx Medical rights offering

2008-07-21 20:27 ET - Rights Offering

TSX bulletin 2008-0812

Rights symbol: VIR.RT
Cusip number for rights: 92765V 14 5
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: One right plus 4.5 cents for one additional common share
Expiry time: 5 p.m. (Toronto time), Aug. 22, 2008
Ex rights date: July 23, 2008
Record date: July 25, 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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