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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 Troy Capital Resources Inc
Website -
Symbol - WRY.RT
Cusip Number - 959907 11 4 
Expiry Date - May 16 1994
News Releases

1994-04-07 18:33 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close April 15 1994. Holders will receive one right for each common share held.

Rt trading symbol: WRY.RT
Trading ex-rights: April 15 1994
Rt security No: ISM-834 508; WCCC-834 503
Rt Cusip No: 959907 11 4
Rt exercise price: Four rights and $0.50 to purchase one common share
Rt expiry date: May 16 1994
Cash trading date: May 9 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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