Name - MediSolution Ltd
Symbol - MSH.RT
Cusip Number - 58500N 11 0
Expiry Date - May 31, 2002
MediSolution rights offering
2002-05-03 16:05 MT - Rights Offering
TSE bulletin 2002-0500
Cusip No: 58500N 11 0
Shareholder entitlement: One right for each common share held on therecord date
Terms of the rights: One right entitles the holder thereof to 1.5415common shares at a price of 25 cents per share
Expiry time: 4 p.m. (Toronto time), May 31, 2002
Ex-rights date: May 6, 2002
Record date: May 8, 2002
Designated market-maker: P. Romain, Canaccord Capital Corp.
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.