Good morning edroseLet me answer your question. I called my broker about 10 days ago and exercised my rights. I had money in my account (you are aware that you CANNOT trade derivatives in TFSA's or RRSP's). 5 to 7 trading days after closing of the Rights Offering you will get the shares in your account. My advice, out the money in your trading account NOW.
I thought that the Rights Offering would have been under subscribed but obviously I was wrong.
Unfortunately I will have to purchase on the market today. 71.5K is a sizable at 0.21$ thus I cannot get it at 0.21$ because there are matching bids.
Regret not purchasing MORE at 0.175$