Name - Moneta Porcupine Mines Inc
Website -
Symbol - ME.RT
Cusip Number - 609286 11 7
Expiry Date - Sept. 18, 1998
News Releases
1998-08-17 08:29 MT - Rights Offering
TSE Bulletin 98-1273
Holders of common shares of record as of the close of business on Aug. 19, 1998 will be granted the right to subscribe for one unit of the company for every eight common shares held on such record date at a subscription price of 12 cents per unit. Each unit will be comprised of one common share and one half warrant, each whole warrant entitling the holder to subscribe for one share at 20 cents at any time before 4:30 p.m. (Toronto time) on Aug. 19, 1999. The units will separate into their component parts upon issuance. The rights are evidenced by transferable rights certificates registered in the names of the holders of common shares of record on the record date on the basis of one right for each common share held, eight rights and the sum of 12 cents being required to subscribe for one unit. The rights will expire at 4:30 p.m. (Toronto time), on Sept. 18, 1998. The common shares will commence trading on an ex-rights basis at the opening on Aug. 17, 1998 at which time the rights will also be posted for trading on a when issued basis.
Symbol: ME.RT
Cusip No: 609286 11 7
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.
