Name - Clarion Environmental Technologies Inc
Website -
Symbol - CL.RT
Cusip Number - 18052C 20 1
Expiry Date - May 1 1996
News Releases
1995-03-17 16:04 MT - Rights Offering
The company has announced it will offer to shareholders of record at March 30 1995 rights to purchase shares of the company. One right will be issued for each share held. Four rights and $0.80 are required to purchase one unit, each unit consisting of one share and one series A share purchase warrant. The offer will expire on May 1 1995. Two series A share purchase warrants and $1.00 entitles the buyer to purchase one share of the company up to May 1 1996.
Effective at the open March 24 1995 the shares will trade ex-rights and the rights will be posted and called for trading at that time on a when-issued basis.
Rts symbol: CL.RT
Rts security No: 834213
Rts cusip No: 18052C 11 0
Wt symbol: CL.WT.A
Wt security No: 842365
Wt Cusip No: 18052C 20 1
Unit security No: 842365
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.
