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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 - Wex Pharmaceuticals Inc
Website -
Symbol - WXI.RT
Cusip Number - 962084 11 7 
Expiry Date - Jan. 22, 2010
News Releases

Wex Pharmaceuticals rights offering

2009-12-17 21:57 ET - Rights Offering

TSX bulletin 2009-1711

Stock symbol: WXI.RT
Cusip number for rights: 962084 11 7
Securityholder entitlement: One right for each restricted voting share held on the record date
Terms of the rights: One right entitles the purchase of 1.5 restricted voting shares at a price of 13 cents per restricted voting share (as described below)
Expiry time: 4 p.m. (Vancouver time), Jan. 22, 2010
Ex rights date: Dec. 21, 2009
Record date: Dec. 23, 2009

© 2015 Canjex Publishing Ltd. All rights reserved.



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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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