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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 - Westpine Metals Ltd
Website -
Symbol - WM.RT.Z
Cusip Number - 96124M 12 6 
Expiry Date - August 14 1989
News Releases

1989-07-13 18:43 ET - Rights Offering

Effective date: July 14 1989
Offering date: Tba
Expiry date: August 14 1989
Trade date: Tba
Offering: 1,500,000 units consisting of one-half A warrant and six-tenths of atransferable redemption right
Price: $0.75
Wt exercisable at:
Wt to buy 1 share:
Wt expire: 180 days from trade date.
Trading symbol: WM
Security No: 733302
Cusip No: 96124M 10 0
Wt symbol: WM.WT.A
Wt security No: 920150
Wt Cusip No: 96124M 11 8
Rt symbol: WM.RT.Z
Rt security No: 834643
Rt Cusip No: 96124M 12 6
Unit security No: 872547

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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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