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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 - West Pride Industries Corp
Website -
Symbol - WPI.RT
Cusip Number - 95549J 11 4 
Expiry Date - June 7 1988
News Releases

1988-05-06 20:06 ET - Rights Offering

Effective at the opening, May 11 1988, the shares of the company will trade ex-rights and the rights will be posted and called for trading at that time on a when-issued basis.

Basis of offering: Two rights exercisable for one unit at $0.55 per unit
Record date: May 17 1988
Shares trade x-Rt: May 11 1988
Rt trade for cash: May 31 1988
Rt expire: June 7 1988
Rt trading symbol: WPI.RT
Rt security No: 834517
Rt Cusip No: 95549J 11 4

Wt trading symbol: Tba
Wt security No: Tba
Wt Cusip No: 95549J 12 2
Wt expiry date: December 5 1988
Wt exercise price: $0.66

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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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