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Name - Adex Mining Inc
Website -
Symbol - ADE.RT
Cusip Number - 006903 11 6 
Expiry Date - Feb. 4, 2015
News Releases

Adex Mining rights offering

2014-12-19 18:12 ET - Rights Offering

Basis of offering: 0.354 right exercisable for one share at one cent per share
Record date: Jan. 5, 2014
Shares trade ex rights: Dec. 31, 2014
Rights called for trading: Dec. 31, 2014
Rights trade for cash: Jan. 30, 2015 -- trading in the rights shall be for cash for the three trading days preceding the expiry date
Rights expire: Feb. 4, 2015
Rights trading symbol: ADE.RT
Rights Cusip No.: 006903 11 6

For further details, please refer to the company's rights offering circular dated Dec. 15, 2014.

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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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