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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 - Airworks Media Services Ltd
Website -
Symbol - AWM.RT
Cusip Number - 00956E 11 1 
Expiry Date - December 15 1993
News Releases

1993-11-03 17:36 ET - Rights Offering

The company will issue rights to its shareholders of record as at the close of business November 12 1993. One right will be issued for each share held. The offering has been cleared in Alberta only.

Rt trading symbol: AWM.RT
Trading ex-rights: November 8 1993
Rt security code: ISM 834 169
Rt Cusip No: 00956E 11 1
Exercise price: Two rights and $0.14 to purchase one share
Expiry date: December 15 1993
Cash trade date: December 8 1993

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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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