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Name - Welichem Biotech Inc
Website -
Symbol - WBI.RT
Cusip Number - 949451 11 6 
Expiry Date - Aug. 20, 2010
News Releases

Welichem Biotech rights offering

2010-07-12 21:26 ET - Rights Offering

Basis of offering: Four rights exercisable for one share at 7.5 cents per share
Record date: July 23, 2010
Shares trade ex rights: July 21, 2010
Rights called for trading: July 21, 2010
Rights trade for cash: Aug. 17, 2010 -- trading in the rights shall be for cash for the three trading days preceding the expiry date
Rights expire: Aug. 20, 2010
Rights trading symbol: WBI.RT
Rights Cusip No.: 949451 11 6
Authorized jurisdiction(s): British Columbia, Alberta, Ontario

For further details, please refer to the company's rights offering circular dated July 9, 2010.

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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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