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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - AMD Resources Corporation
Website -
Symbol - ASZ.RT
Cusip Number - 00167N 11 6 
Expiry Date - December 6 1989
News Releases

1989-10-26 17:55 ET - Rights Offering

The company will offer to shareholders of record on November 6 1989 rights to purchase shares of the company. Effective at the opening October 31 1989, the shares of the company will trade ex-rights and the rights will be posted and called for trading at that time on a when-issued basis.

Basis of offering: One right exercisable for one share at $0.25 per share
Record date: November 6 1989
Shares trade x-rt: October 31 1989
Rt called for trade: October 31 1989
Rt trade for cash: November 29 1989
Rt expire: December 6 1989
Rt trading symbol: ASZ.RT
Rt security No: 834209
Rt Cusip No: 00167N 11 6

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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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