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Name - Aurcana Corp
Website -
Symbol - AUN.RT
Cusip Number - 051918 11 8 
Expiry Date - Aug. 17, 2001
News Releases

Aurcana rights offering

2001-06-29 16:53 ET - Rights Offering

The company will offer to shareholders of record on July 6, 2001, rights to purchase shares of the company. One right will be issued for each share held. As at June 29, 2001 the company had 6,655,150 common shares postconsolidated issued and outstanding.

Offering: Four rights exercisable for one share at 15 cents per share
Record date: July 6, 2001
Shares trade ex-rights: July 3, 2001
Rights called for trading: July 3, 2001
Rights trade for cash: Aug. 15, 2001
Rights expire: Aug. 17, 2001
Rights trading symbol: AUN.RT
Rights Cusip No: 051918 11 8

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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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