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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 - Oxbow Equities Corp
Website -
Symbol - XBO.RT
Cusip Number - 690902 12 7 
Expiry Date - Aug. 29, 2001
News Releases

Oxbow Equities rights offering

2001-07-30 17:16 ET - Rights Offering

TSE Bulletin 2001-0939

Holders of common shares of record as of the close of business on Tuesday, Aug. 7, 2001, will be granted one right for each common share held.

Basis of offering: Six rights and the sum of 75 cents being required to subscribe for one common share
Symbol: XBO.RT
Shares trade ex-rights: Aug. 2, 2001
Cusip: 690902 12 7
Rights expire: 4:30 p.m. (Calgary time), on Wednesday, Aug. 29, 2001

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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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