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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 - Westgroup Corporations Inc
Website -
Symbol - WI.RT.A
Cusip Number - 96032H 11 0
Expiry Date - March 31 1994
News Releases

1994-02-24 17:09 ET - Rights Offering

The ASE has been advised the company is issuing rights to holders of its issued and outstanding class A common shares of record at the close March 3 1994. Holders will receive one right for each class A common sdhare held. The rights offering circular has been cleared in Alberta, BC, Manitoba, Ontario and Saskatchewan only.

Stock Symbol: WI.RT.A
Trading ex-rights: February 25 1994
Security Code: ISM-834 501; WCCC-834 502
Cusip No: 96032H 11 0
Exercise Price: Four rights and $0.10 to purchase one class A common share
Expiry Date: March 31 1994
Cash Trading Date: March 24 1994

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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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