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Estrella International Energy Services Ltd. EENZD


Primary Symbol: EENZF



GREY:EENZF - Post by User

Comment by Thundersoleon Apr 27, 2013 8:40am
145 Views
Post# 21309476

RE: RE: RE: RE: can anyone explain this in simple

RE: RE: RE: RE: can anyone explain this in simple

 

Estrella International Energy Services Ltd
Symbol C : EEN
Shares Issued 299,476,450
Close 2013-04-25 C$ 0.045
Recent Sedar Documents

Here's the release.

 

 

Estrella International rights offering

2013-04-26 16:59 ET - Rights Offering

 

The company has announced it will offer to shareholders of record on May 8, 2013, rights to purchase shares of the company. One right will be issued for each share held. Five cents and 0.5989529 of a right are required to purchase one share. The expiry date for the rights offering is June 8, 2013. As at April 22, 2013, the company had 299,476,450 shares issued and outstanding.

Effective at the opening on Monday, May 6, 2013, the shares of the company will trade ex rights, and the rights will commence trading at that time on a when-issued basis. The company is classified as an oil and gas services company.

Summary:

 

Basis of offering: 0.5989529 of a right is exercisable for one share at five cents per share

 

 

Record date: May 8, 2013

 

 

Shares trade ex rights: May 6, 2013

 

 

Rights called for trading: May 6, 2013

 

 

Rights trade for cash: June 5, 2013

 

 

Rights expire: Saturday, June 8, 2013

 

 

               TRADE DATESJune 5, 2013 -- to settle -- June 6, 2013June 6, 2013 -- to settle -- June 7, 2013June 7, 2013 -- to settle -- June 10, 2013June 10, 2013 -- to settle -- June 10, 2013

 

 

Rights trading symbol: EEN.RT

 

 

Rights Cusip No.: 29758W128

 

 

Subscription agent and trustee: Olympia Trust Company

 

 

Authorized jurisdiction(s): Alberta, Ontario, British Columbia

 

For further details, please refer to the company's rights prospectus dated April 22, 2013.

The company's rights offering circular has been filed with and accepted by the Alberta, Ontario and British Columbia securities commissions pursuant to the provisions of the respective securities acts.

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