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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Axia Multimedia Corporation
Website -
Symbol - AXX.RT
Cusip Number - 054918 11 5 
Expiry Date - November 8 1996
News Releases

1996-10-15 17:48 ET - Rights Offering

The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding shares of record at the close of business on October 17 1996. Holders will receive one right for each common share held. The rights offering circular has been cleared in the province of Alberta, BC and Ontario only.

Expiry date: November 8 1996
Shares trade ex-rights: October 15 1996
Cash trading date: November 6 1996
Exercise price: Four rights and $0.99 to purchase one common share.
Rt stock symbol: AXX.RT
Security code: ISM - 834 485; WCCC - 834 406
Cusip No: 054918 11 5

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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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