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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 - Automodular Corp
Website -
Symbol - AM.RT
Cusip Number - 05328X 11 9 
Expiry Date - June 24, 2005
News Releases

Automodular rights offering

2005-05-19 20:11 ET - Rights Offering

TSX bulletin 2005-0581

Rights symbol: AM.RT
Rights Cusip No. 05328X 11 9
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: Six rights plus 75 cents for one common share
Expiry time: 5 p.m. (Toronto time) on June 24, 2005
Ex rights date: May 25, 2005
Record date: May 27, 2005

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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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