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Warrants Alert


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 Oil Sands Inc
Website -
Symbol - WTO.RT
Cusip Number - 959053 11 7 
Expiry Date - Oct. 25, 2001
News Releases

Western Oil Sands rights offering

2001-09-26 22:44 ET - Rights Offering

TSE bulletin 2001-1191

Holders of Class A shares (common shares) (symbol: WTO) and non-voting Class B equity shares (Class B shares) (not listed) of record as of the close of business on Oct. 2, 2001, will be granted one right for each common share or Class B share held.

Basis of offering: Six rights and the sum of $14 being required to subscribe for one additional common share
Shares trade ex-rights: Sept. 28, 2001
Symbol: WTO.RT
Cusip No: 959053 11 7
Rights expire: 4 p.m. (Calgary time) on Oct. 25, 2001

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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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