Name - Banff Brewery Corporation
Symbol - BBW.RT
Cusip Number - 059909 11 9
Expiry Date - January 19 1996
1995-12-21 17:55 MT - Rights Offering
The company is issuing rights to the holders of its outstanding common shares of record at the close of business December 29 1995. Holders will receive one right for each share held.
The rights will be posted for trading on the ASE December 27 1995. The common shares will commence trading on an ex-rights basis at the opening of business December 27 1995.
Security code: ISM - 834 371; WCCC - 834 164
Cusip No: 059909 11 9
Exercise price: five rights and $0.25 to purchase one share
Expiry date: January 19 1996
Cash trading date: January 17 1996
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.