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Name - Acasti Pharma Inc
Website -
Symbol - APO.RT
Cusip Number - 00430K 13 9 
Expiry Date - Sept, 14, 2011
News Releases

Acasti Pharma rights offering

2011-06-22 21:03 ET - Rights Offering

Basis of offering: one right will be issued for each share held; 10 rights exercisable for one share at $1.25 per share
Record date: July 5, 2011
Shares trade ex rights: June 30, 2011
Rights called for trading: June 30, 2011
Rights trade for cash: Sept. 9, 2011
Rights cease trading: Sept. 14, 2011, at 12 p.m. Eastern Time
Rights expire: Sept, 14, 2011, at 4 p.m. Eastern Time
Rights trading symbol: APO.RT
Rights Cusip No.: 00430K139
Authorized jurisdictions: all provinces and territories of Canada

For further details, please refer to the company's rights offering circular dated June 16, 2011.
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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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