RE:how do these rights workYou'll receive a package in the mail from your broker. It will have all the information in it. In the article the company will allow to purchase a discounted share (0.35 cents) UP TO the equal amount that you own - if you have extra cash on hand. " ...a Rights certificate, will be mailed to registered holders of Common Shares as of the Record Date. Full details of the Rights Offering, including information regarding the distributions of the Rights and the procedures to be followed..." Yes you will be able to sell them, and you can even opt into having your rights offering exercised into additional common shares. "...the Rights and the Common Shares issuable upon exercise of the Rights will be listed on the TSX. The Rights will be listed for trading on the TSX beginning on May 29, 2019 under the symbol BU.RT. Trading in the Rights on the TSX will cease at 12:00 p.m. (Toronto time) on June 25, 2019. The Rights Offering will include an additional subscription privilege under which holders of Rights who fully exercise their Rights will be entitled to subscribe pro rata for additional Common Shares, if available, that were not otherwise subscribed for in the Rights Offering.." Pro Rata essentially translates to "in proportion," which means a process where whatever is being allocated will be distributed in equal portions. Anyone please correct me or add anything if I am wrong on this whole process, I am not a financial adviser. I will probably partake in a little extra, and convert them to additional common shares. The offering is a great discounted price. Enjoy the ride everyone, It has been a long time coming!