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Warrants Alert


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 - Afri-Can Marine Minerals Corp
Website -
Symbol - AFA.RT
Cusip Number - 008278 11 1 
Expiry Date - May 23, 2005
News Releases

Afri-Can Marine to offer rights per share

2005-04-22 16:40 ET - Rights Offering

Basis of offering: One right will be issued for each common share held. Five rights plus 10 cents will entitle the holder to subscribe for one common share.
Record date: May 2, 2005
Shares trade ex-rights: April 28, 2005
Rights called for trading: April 28, 2005
Rights trade for cash: May 18, 2005
Rights expire: May 23, 2005
Rights trading symbol: AFA.RT
Rights CUSIP No.: 008278 11 1

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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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