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Name - Vanguard Venture Corporation
Website -
Symbol - VV.RT
Cusip Number - 921917 11 8 
Expiry Date - September 22 1988
News Releases

1988-08-30 18:37 ET - Rights Offering

The company has announced it will offer to shareholders of record on September 8 1988 rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one share at $0.55 per share
Record date: September 8 1988
Shares trade x-rt: September 2 1988
Rt called for trade: September 2 1988
Rt trade for cash: September 15 1988
Rt expire: September 22 1988
Rt trading symbol: VV.RT
Rt security No: 834498
Rt Cusip No: 921917 11 8

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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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