Name - Acheron Resources Ltd
Website -
Symbol - ACZ.RT
Cusip Number - 004459 11 1
Expiry Date - June 3 1988
News Release
1988-04-27 17:49 MT - Miscellaneous
Further to the VSE notice dated April 25 1988, the trading symbol, security number and Cusip number for the company's rights are as follows:
Rt trading symbol: ACZ.RT
Rt security No: 834205
Rt Cusip No: 004459 11 1
1988-04-25 15:59 MT - Rights Offering
The VSE has accepted for filing the company's filing statement dated April 25 1988 which discloses the followin rights offering:
Summary:
Basis of offering: 5 rights exercisable for 1 share at $0.15 per share
Record date: May 4 1988
Shares trade x-Rt: April 28 1988
Rt trade: April 28 1988
Rt trade for cash: May 27 1988
Rt expire: June 3 1988
Trading symbol: Tba
Security No: Tba
Cusip No: 004459 11 1
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.
