Some People Might not Know This FactThe rights offering is being made to the holders of Coro's common shares of record at the close of business on Aug. 22, 2018.
It is expected that the rights will trade on the Toronto Stock Exchange under the symbol COP.RT commencing on Aug. 21, 2018.
So, shareholder's stock purchases on the open market with rights attached would be Aug. 20 & "ex-rights" date would be Aug. 21. 2018 as a result of T+2 settlement.
You should clarify with your broker, bank dealer or IR Coro.
Should COP be trading after ex-rights, say, at 7 to 8 cents range or thereabouts, this offering will be considered a huge success. GS and Tembo - the 2 private equity firms - will end up owning 83% of the Co. and they can take this private by way of a statutory compulsory acquisition (under CBCA) once they get to 90% ownership. They can then turnaround and flip this to a major miner for $300 million..