Name - Westpine Metals Ltd
Website -
Symbol - WM.RT.Z
Cusip Number - 96124M 12 6
Expiry Date - August 14 1989
News Release
Gross proceeds of $1,125,000
1989-08-11 16:18 MT - EOP Completed
Effective date: July 14 1989
Offering date: August 11 1989
Expiry date: August 14 1989
Trade date: August 14 1989
Offering: 1,500,000 units consisting of one-half A warrant and six-tenths of a transferable redemption right
Price: $0.75
Wt exercisable at: $0.90
Wt to buy 1 share: 1
Wt expire: May 11 1990
Directors: V.J. Jones, W.W. Osborne, D.N. Hillhouse, T.A. Richards
Trading symbol: WM
Security No: 733302
Cusip No: 96124M 10 0
Wt symbol: WM.WT.A
Wt security No: 920150
Wt Cusip No: 96124M 11 8
Rdmptn rt symbol: WM.RT.Z
Rdmptn rt security No: 834643
Rdmpton rt Cusip No: 96124M 12 6
Unit security No: 872547
1.5m units at $0.75
1989-07-13 16:43 MT - EOP Conditional Listing
Effective date: July 14 1989
Offering date: Tba
Expiry date: August 14 1989
Trade date: Tba
Offering: 1,500,000 units consisting of one-half A warrant and six-tenths of a transferable redemption right
Price: $0.75
Wt exercisable at:
Wt to buy 1 share:
Wt expire: 180 days from trade date. tba
Directors: Tba
Trading symbol: WM
Security No: 733302
Cusip No: 96124M 10 0
Wt symbol: WM.WT.A
Wt security No: 920150
Wt Cusip No: 96124M 11 8
Rdmptn rt symbol: WM.RT.Z
Rdmptn rt security No: 834643
Rdmpton rt Cusip No: 96124M 12 6
Unit security No: 872547
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.
