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Name - Anitech Enterprises Inc
Website -
Symbol - ANI.RT
Cusip Number - 03528D 12 4 
Expiry Date - September 30 1993
News Releases

1993-08-19 17:14 ET - Rights Offering


The company will offer to shareholders of record as at August 30 1993, rights to purchase shares of the company. One right will be issued for each share held.
Each unit consists of one share and one series A warrant, with two A warrants exercisable for one share at $0.30.

Basis of Offering: Four rights are exercisable for one unit at $0.26.
Rt trading symbol: ANI.RT
Rt security No: 834197
Rt Cusip No: 03528D 12 4
Trading ex-rights: August 24 1993
Expiry date: September 30 1993

Wt trading symbol: ANI.WT.A
Wt security No: 875319
Wt Cusip No: 03528D 13 2

Unit security No: 840098

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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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