Name - Asia Pacific Resources Ltd
Symbol - APQ.RT
Cusip Number - 044902 11 2
Expiry Date - April 1, 2002
Asia Pacific rights offering
2002-02-14 18:40 MT - Rights Offering
TSE bulletin 2002-0194
Cusip No: 044902 11 2
Shareholder entitlement: One right for each common share held on therecord date
Terms of the rights: One right plus 50 cents for one unit. Each unit consistsof 2-1/2 common shares and onewarrant. Each warrant entitles the holder, onpayment of the exercise price of $1 per warrant,to receive 2-1/2 commonshares, at any time up to 4 p.m. (Vancouvertime) on April 1, 2003.
Expiry time of the rights: 4 p.m. (Vancouver time) April 1, 2002
Ex-rights date: Feb. 18, 2002
Record date: Feb. 20, 2002
Designated market-maker: A. EydelmanYorkton Securities Inc.
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.
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.