Name - Gold Parl Resources Ltd
Symbol - GPA.RT
Cusip Number - 38067E 11 7
Expiry Date - December 2 1991
1991-10-24 16:06 MT - Rights Offering
The company will offer to shareholders of record on November 4 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 $0.50
Record date: November 4 1991
Shares trade x-rt: October 29 1991
Rt called for trade: October 29 1991
Rt trade for cash: November 25 1991
Rt expire: December 2 1991
Rt trading symbol: Tba
Rt Security No: Tba
Rt Cusip No: 38067E 11 7
Subscription agent: Pacific Corporate Trust
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.