Name - Silver Hart Mines Ltd
Symbol - SVM.RT
Cusip Number - 827904 11 1
Expiry Date - March 31 1988
1988-03-08 15:59 MT - Rights Offering
The company will offer to shareholders of record on March 17 1988 rights to purchase shares of the company.
Basis of offering: Ten rights exercisable for one share at $2.50 per share
Record date: March 17 1988
Shares trade x-rt: March 11 1988
Rt called for trade: March 11 1988
Rt trade for cash: March 24 1988
Rt expire: March 31 1988
Trading symbol: SVM.RT
Security No: 834390
Cusip No: 827904 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.
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.