Name - Canadian Chemical Reclaiming Ltd
Website -
Symbol - CRL.RT
Cusip Number - 134915 115
Expiry Date - May 15 1997
News Releases
1997-03-24 15:57 MT - Rights Called to Trade
The ASE has been advised that the company has issued rights to the holders of shareholders of record at the close of business on April 1 1997. Holders will receive one right for each share held.
The rights will be posted for trading on March 27 1997. The common shares will begin trading on an ex-rights basis at the opening of business on March 27 1997.
Rt symbol: CRL.RT
Rt security code: ISM - 834 316; WCCC - 834 244
Rt Cusip No: 134915 115
Exercise price: Four rights and $0.35 to purchase one share
Expiry date: May 15 1997
Cash trading date: May 13 1997
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.
