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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 - Western Energy Services Corp
Website -
Symbol - WRG.RT
Cusip Number - 958159 11 3 
Expiry Date - Nov. 5, 2008
News Releases

Western Energy rights offering

2008-10-06 16:31 ET - Rights Offering

Basis of offering: four rights exercisable for one share at 30 cents per share
Record date: Oct. 15, 2008
Shares trade ex rights: Oct. 13, 2008
Rights called for trading: Oct. 13, 2008
Rights trade for cash: Nov. 3, 2008
Rights expire: Nov. 5, 2008
Rights trading symbol: WRG.RT
Rights Cusip No.: 958159 11 3

Authorized jurisdictions: All provinces and territories of Canada, except Quebec

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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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