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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Westar Group Ltd
Website -
Symbol - WGL.RT
Cusip Number - 956904 11 4 
Expiry Date -

Symbol - WGL.RT
Cusip Number - 350901 11 2 
Expiry Date - August 30 1994
News Releases

1990-01-26 18:47 ET - Rights Offering

The company will offer to shareholders of record on February 2 1990, rights to subscribe for up to 97,916,535 shares.

Basis of offering: One right exercisable for one share at $0.94 per share
Record date: February 2 1990
Shares trade x-rt: January 29 1990
Rt called for trade: January 29 1990
Rt trade for cash: February 23 1990
Rt trading symbol: WGL.RT
Rt security No: 834502
Rt Cusip No: 956904 11 4

1994-07-18 18:15 ET - Rights Offering

461847 will distribute to shareholders of record at the close in Vancouver July 26 1994, as well as to persons who present to Montreal Trust bearer share certificates representing at least 500 common shares of the company, rights to purchase adjusting balance notes of the company.

One right will be issued for each share held or presented. One right entitles the holder to purchase $0.56 principal amount of notes at $0.312. The company will issue to each person who purchases notes on the exercise of rights 1.166666666 shares for each $0.56 principal amount of the notes purchased.

A holder of rights may exercise rights only if such holder is the holder of and exercises at least 500 rights.

Record date: July 26 1994
Shares trade ex-rights: July 20 1994
Rt called for trading: July 20 1994
Rt trade for cash: August 24 1994
Rt expire: August 30 1994
Rt trading symbol: WGL.RT
Rt security No: 834510
Rt Cusip No: 350901 11 2

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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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