Found this statement interesting in the Rights Circular"Holders of Rights should consult with their advisors concerning restrictions on resale, and should not resell their securities until they have determined that any such resale is in compliance with the requirements of applicable legislation. Each holder is urged to consult their professional advisor to determine the exact conditions and restrictions applicable to the right to trade in securities."
When participating in public corporation financing's there is often a customary 4 month hold period for any shares obtained in a financing.
Does anybody know if a 4 month hold period applies when converting Rights plus cash to redeem a corporations common shares?