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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 - Andromed Inc
Website -
Symbol - AD.RT
Cusip Number - 03452W 12 2 
Expiry Date - Nov. 12, 2004
News Releases

Andromed rights offering

2004-10-13 17:27 ET - Rights Offering

Basis of offering: One right will be issued for each common share held. One right plus 18 cents will entitle the holder to subscribe for one common share.
Record date: Oct. 21, 2004
Shares trade ex-rights: Oct. 19, 2004
Rights called for trading: Oct. 19, 2004
Rights trade for cash: Nov. 9, 2004
Rights expire: Nov. 12, 2004
Rights trading symbol: AD.RT
Rights Cusip No.: 03452W 12 2

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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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