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Name - Aurado Exploration Ltd
Website -
Symbol - AEO.RT
Cusip Number - 051921 11 2 
Expiry Date - December 9 1997
News Releases

Distribution of Aurado shares; Aurado rights offering

1997-11-11 11:36 ET - Miscellaneous

The common shares of T&H Resources (symbol: THE) will commence trading on the TSE at the opening on Wednesday, November 12 1997 on an ex-distribution and ex-rights basis. Shareholders of record as of the close on Friday, November 14 1997 will be entitled to receive as a dividend in kind one common share of Aurado Exploration (symbol: AEO) and, as shareholders of Aurado, one Aurado right for each common share of T&H held as of the record date.

It is anticipated that certificates representing the appropriate number of Aurado common shares and Aurado rights will be mailed to shareholders on or about November 17 1997.

Symbol: AEO.RT
Shares trade ex-rights: November 12 1997
Cusip No: 051921 11 2
Exercise price: Five rights and $0.15 will entitle the holders to subscribe for one unit comprised of one common share and one share purchase warrant
Expiration date: December 9 1997

Wt Exercise Price: $0.25
Wt Expiry Date: December 9 1998

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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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