Name - Blue Tree Wireless Data Inc
Symbol - BTW.RT
Cusip Number - 09606W 12 4
Expiry Date - Dec. 16, 2005
Blue Tree Wireless rights offering
2005-11-09 14:57 MT - Rights Offering
Blue Tree Wireless Data Inc. will offer to shareholders of record at Nov. 18, 2005, rights to purchase units of the company. One right will be issued for each share held. Six rights and 15 cents are required to purchase one unit, each unit consisting of one common share and one-half share purchase warrant. One full share purchase warrant and 22.5 cents entitle the buyer to purchase one share of the company for a period of two years. The rights offering will expire on Dec. 16, 2005. As at Nov. 4, 2005, the company had 70,827,431 shares issued and outstanding.
Effective at the opening on Nov. 16, 2005, the shares of the company will trade ex rights and the rights will commence trading at that time on a when-issued basis. The company is classified as communication equipment manufacturing issuer (NAICS No.: 3342).
Basis of offering: One right will be issued for each share held. Six rights are exercisable for one unit at 15 cents per unit.
Record date: Nov. 18, 2005
Shares trade ex rights: Nov. 16, 2005
Rights called for trading: Nov. 16, 2005
Rights trade for cash: Dec. 13, 2005
Rights cease trading: Dec. 16, 2005, at 12 p.m. EST
Rights expire: Dec. 16, 2005, at 4:30 p.m. EST
Rights Symbol: BTW.RT
Rights Cusip No.: 09606W 12 4
Subscription agent and trustee: Computershare Investor Services Inc.
Authorized jurisdictions: British Columbia, Alberta, Manitoba, Ontario and Quebec
For further details, please refer to the company's rights offering circular dated Nov. 7, 2005. It is expected that the rights offering circular will be mailed to the shareholders on Nov. 23, 2005.
The company's rights offering circular has been filed with and accepted by the British Columbia, Alberta, Manitoba and Ontario securities commissions and the Autorite des marches financiers pursuant to the provisions of the British Columbia, Alberta, Manitoba, Ontario and Quebec securities acts.
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.