THE INVESTOR'S GUIDE TO WARRANTS:
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Website -
Symbol - YFP.RT Flow-through rights, YFP.RT.A non-flow-through rights
Cusip Number - 720898121 Flow-through rights, 720898139 non-flow-through rights
Expiry Date - April 2, 2001
News Releases
Pifher Resources offers rights to shareholders
2001-02-15 19:01 ET - Rights Offering
The company will offer to shareholders of record on Feb. 27, 2001, rights to purchase shares of the company. Each registered holder of shares will receive two rights for each share held on the record date. One of the two rights shall be for the purchase of flow-through shares and the other right shall be for the purchase of non-flow-through shares. As at Feb. 27, 2001, the company had 3.18 million shares issued and outstanding.
Basis of offering: 15.9 flow-through rights exercisable for one flow-through share at $1.50 per flow-through share. 6.8 non-flow-through rights exercisable for one non-flow-through share at $1.35 per non-flow-through share.
Record date: Feb. 27, 2001
Trade ex-rights: Feb. 23, 2001
Rights called for trading: Feb, 23, 2001
Rights trade for cash: March 2, 2001
Rights cease trading: March 28, 2001 9:00 a.m., PST
Rights expire: April 2, 2001
Trading symbol: YFP.RT Flow-through rights, YFP.RT.A non-flow-through rights
Cusip number: 720898121 Flow-through rights, 720898139 non-flow-through rights
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Canadian Exchanges News
Canadian Securities Exchange News
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.
