Name - Jonpol Explorations Ltd
Symbol - JON.RT
Cusip Number - 480600 16 2
Expiry Date - March 17, 1999
Symbol - JON.RT
Cusip Number - 480600 13 9
Expiry Date -
Jonpol Explorations rights offering
1999-02-18 14:22 MT - Rights Offering
TSE Bulletin 99-0216
Holders of common shares of record as of the close of business on Feb. 23, 1999, will be granted the right to subscribe for one unit for every eight common shares held on such record date at a subscription price of 12 cents per unit. Subject to election by the holder of rights (described below), up to a total of 50 per cent of all common shares offered pursuant to the rights offering may be taken in the form of flow-through common shares. Each unit will be comprised of one common share and one warrant, entitling the holder to purchase one common share at 18 cents until 4 p.m., Dec. 15, 1999. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held, eight rights and the sum of 12 cents being required to subscribe for one unit. The rights will expire at 4 p.m. (Toronto time) on March 17, 1999.
The common shares will commence trading on an ex-distribution basis at the opening on Feb. 19, 1999, at which time the rights will be posted for trading on a when issued basis.
Cusip No: 480600 16 2
1994-12-15 13:05 MT - Rights Offering
Holders of common shares of record as of December 29 1994, will be granted the right to subscribe for one unit of the company for each eight common shares held at $0.25 per unit. Each unit will comprise one common share and one warrant for an additional share at $0.45 before January 22 996, subject to adjustment. The rights expire January 20 1995. The common shares will commence trading on an ex-rights basis at the opening December 21 1994, at which time the rights will be posted for trading on a when issued basis.
Cusip No: 480600 13 9
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.