Name - Cochise Resources Inc
Symbol - KCH.RT
Cusip Number - 19146Q 11 5
Expiry Date - March 27 1995
1995-02-16 15:50 MT - Rights Offering
The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding common shares of record at the close February 24 1995. Holders will receive one right for each common share held. The rights offering circular has been cleared in Ontario only.
The rights will be posted for trading on the ASE February 20 1995. The common shares will commence trading on an ex-rights basis at the open February 20 1995.
Security code: ISM and WCCC - 834 205
Cusip No: 19146Q 11 5
Price: Four rights and $0.23 to purchase one class B preference share which is convertible into common shares on a 1:1 basis.
Expiry date: March 27 1995
Cash trading date: March 20 1995
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.