RE:RE:dont call me a pp wisherSorry, thats' just not true. I've been involved in 3 Rights Offerings in the past 2 years and got warrants with each one. Subscription, Over-Subscription allotment and warrants for both.
Pretty standard language:
Each shareholder of record will receive one right (a “
Right”) for each Jackpot common share held. One Right will permit the holder to purchase one unit (a “
Unit”) at a price of $0.05 (which is a discount to the current market price of $0.08) for a period of 28 calendar days following the date of mailing of the Notice of the Rights Offering to shareholders of record (the “
Exercise Period”). Each Unit will consist of one common share and one transferable share purchase warrant (a “
Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.10 for five years from the date of issuance of the Warrant.
GlassHalfEmpty wrote: With Rights offering you don't get any warrants.
With a Rights offering you get the "right" to purchase one share for evey share you own.
Sometimes they will have an over allotment feature that you can have more if others don't exercise their "rights".