THE INVESTOR'S GUIDE TO WARRANTS:
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on the Fastest Growing Sector of
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Website -
Symbol - DLT.RT
Cusip Number - 247798 12 7
Expiry Date - Oct. 29, 2001
News Releases
Delta Systems rights offering
2001-09-26 17:14 ET - Rights Offering
The company has announced it will offer to shareholders of record at Oct. 5, 2001, rights to purchase shares of the company. One right will be issued for each common share held. Each unit consisting of one common share and one-half of one common share purchase warrant. As at Sept. 24, 2001, the company had 13,765,798 common shares issued and outstanding.
Basis of offering: Four rights and $1 are required to purchase one unit
Record date: Oct. 5, 2001
Pay date: Oct. 29, 2001, 4 p.m. EST
Shares trade ex-rights: Oct. 3, 2001
Rights called for trading: Oct. 3, 2001
Rights trade for cash: Oct. 25, 2001
Rights cease trading: Oct. 29, 2001, 12 p.m. EST
Rights expire: Oct. 29, 2001
Rights trading symbol: DLT.RT
Rights cusip No: 247798 12 7
Warrants expire: Oct. 29, 2002
Wts exercise price: $1.35
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Canadian Exchanges News
Canadian Securities Exchange News
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.
