Name - Simmonds Capital Ltd
Website -
Symbol - SMM.RT
Cusip Number - 82867L 12 9
Expiry Date - Aug. 27, 1999
Symbol - SMM.RT
Cusip Number - 82867L 11 1
Expiry Date - September 30 1997
News Releases
Simmonds Capital rights offering
1999-07-30 12:11 MT - Rights Offering
TSE Bulletin 99-0936
Holders of common shares of record as of the close of business on Thursday Aug. 5, 1999, will be granted the right to subscribe for one additional common share for every five common shares held at a subscription price of 50 cents per share. 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, five rights and the sum of 50 cents being required to subscribe for one additional common share. The rights will expire at 4:30 p.m. (Toronto time), on Aug. 27, 1999.
The common shares will commence trading on an ex-rights basis at the opening on Tuesday, Aug. 3, 1999, at which time the rights will be posted for trading on a when issued basis.
Symbol: SMM.RT
Cusip No: 82867L 12 9
1997-09-04 05:48 MT - Rights Offering
The TSE advises that holders of common shares of record as of the close on Tuesday, September 9 1997 will be granted the right to subscribe for one additional common share for every five common shares held on such record date at a subscription price of $0.45 per share. 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, five rights and the sum of $0.45 being required to subscribe for one additional common share. The rights will expire at 4:30 pm (Toronto time) on September 30 1997.
The common shares will commence trading on an ex-rights basis at the opening on Friday, September 5 1997 at which time the rights will be posted for trading on a when issued basis.
Symbol: SMM.RT
Cusip No: 82867L 11 1
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.
Rights issue
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.
