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Name - ChondroGene Ltd
Website -
Symbol - YDG.RT
Cusip Number - 170396 11 3 
Expiry Date - Jan. 15, 2002
News Releases

ChondroGene to issue rights to shareholders

2001-12-11 17:47 ET - Rights Offering

The company will offer to shareholders of record on Dec. 20, 2001, rights to purchase shares of the company. One right will be issued for each share held. As at Dec. 6, 2001, the company had 15,566,503 shares issued and outstanding.

Offering: Four rights and 34 cents are required to purchase one share
Record date: Dec. 20, 2001
Shares trade ex-rights: Dec. 18, 2001
Rights called for trading: Dec. 18, 2001
Rights trade for cash: Jan. 10, 2002
Rights expire: Jan. 15, 2002
Rights symbol: YDG.RT
Rights Cusip No: 170396 11 3

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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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