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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 - Arrowhead Resources Ltd
Website -
Symbol - AWR.RT
Cusip Number - 042798 11 6 
Expiry Date - May 27 1991
News Releases

1991-04-17 17:34 ET - Rights Offering

The company will offer to shareholders of record on April 26 1991, rights to purchase shares of the company. One right will be issued for each share held.

Basis of offering: Two rights exercisable for one share at $0.23 per share
Record date: April 26 1991
Shares trade x-rt: April 22 1991
Rt called for trade: April 22 1991
Rt trade for cash: May 17 1991
Rt expire: May 27 1991
Rt trading symbol: AWR.RT
Rt security No: 834201
Rt Cusip No: 042798 11 6

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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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