Name - Hedong Energy Inc
Website -
Symbol - HE.RT
Cusip Number - 42279N 11 3
Expiry Date - Nov. 6, 1998
News Releases
1998-10-01 14:58 MT - Rights Called to Trade
Further to the VSE notice dated Sept. 30, 1998, the trading symbol and Cusip No. for the company's rights are as follows:
Rt trading symbol: HE.RT
Rt Cusip No: 42279N 11 3
1998-09-30 14:58 MT - Rights Offering
The company will offer to shareholders of record at Oct. 6, 1998, rights to purchase shares of the company. One right will be issued for each two shares held. One right and 50 Australian cents are required to purchase one unit, each unit consisting of one share and one warrant. The rights offering will expire on Nov. 6, 1998. One warrant and 75 Australian cents entitles the buyer to purchase one share up to Sept. 30, 2000. As at Sept. 18, 1998 the company had 5,857,130 shares issued.
Effective at the opening, Oct. 2, 1998, the shares of the company will trade ex-rights and the rights will begin trading at that time on a when-issued basis.
Record date: Oct. 6, 1998
Shares trade ex-rights: Oct. 2, 1998
Rights called for trading: Oct. 2, 1998
Rights trade for cash: Nov. 3, 1998
Rights expire: Nov. 6, 1998
Rt symbol: HE.RT
Rt Cusip No: 42279N 11 3
Wt expiry date: Sept. 30, 2000
Wt exercise price: 75 Australian cents
Wt trading symbol: HE.WT
Wt Cusip No: 42279N 12 1
Agent and trustee: Montreal Trust Company
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.
