Name - Cassiar Magnesium Inc
Website -
Symbol - CIR.RT
Cusip Number - 148245 11 1
Expiry Date - Jan. 31, 2001
News Releases
Cassiar Magnesisum rights offering
2000-11-28 15:54 MT - Rights Offering
TSE bulletin 2000-1604
Holders of common shares of record as of the close of business on Dec. 4, 2000, will be granted the right to subscribe for one additional common share of the company for every four common shares held on such record date at a subscription price of 50 cents per share. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each common share held, four rights and the sum of 50 cents being required to subscribe for one additional common share. The rights will expire at 4 p.m. (Toronto time) on Jan. 31, 2001. The common shares of the company will commence trading on an ex-rights basis at the opening on Thursday, Nov. 30, 2000, at which time the rights will be posted for trading on a when-issued basis.
Stock symbol: CIR.RT
Cusip: 148245 11 1
Market-maker: P. Barker; W.D. Latimer Co. Ltd.
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.
