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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Acheron Resources Ltd
Website -
Symbol - ACZ.RT
Cusip Number - 004459 11 1
Expiry Date - June 3 1988
News Releases

1988-04-25 17:59 ET - Rights Offering

The VSE has accepted for filing the company's filing statement dated April 25 1988 which discloses the followin rights offering:

Basis of offering: 5 rights exercisable for 1 share at $0.15 per share
Record date: May 4 1988
Shares trade x-Rt: April 28 1988
Rt trade: April 28 1988
Rt trade for cash: May 27 1988
Rt expire: June 3 1988
Rt trading symbol: ACZ.RT
Rt security No: 834205
Rt Cusip No: 004459 11 1

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Explanation

Rights

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.

 

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