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Name - Apex Resorts Corporation
Website -
Symbol - APE.RT
Cusip Number - 03759H 11 7  
Expiry Date - February 27 1995
News Releases

1995-01-20 18:14 ET - Rights Offering

The company has announced it will offer to shareholders of record on February 3 1995 rights to purchase shares of the company. One right will be issued for each share held.

Summary: Basis of offering: Two rights exercisable for one share at $0.40.
Record date: February 3 1995
Shares trade ex-rights: January 30 1995
Rights called for trading: January 30 1995
Rights trade for cash: February 20 1995
Rights expire: February 27 1995
Rights trading symbol: APE.RT
Rights security No: 834161
Rights Cusip No: 03759H 11 7

For further details, please refer to the company's rights offering circular dated January 17 1995.

The company's rights offering circular has only been filed with and accepted by the BC superintendent of brokers pursuant to the provisions of the BC Securities Act.


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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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