Raimount Energy rights offering
2007-09-20 14:15 MT - Rights Offering
Raimount Energy Inc. has announced it will offer to shareholders of record on Oct. 2, 2007, rights to purchase shares of the company. One right will be issued for each share held. Five rights and $1.10 are required to purchase one share. The expiry date for the rights offering is Oct. 23, 2007. As at Sept. 14, 2007, the company had 2,479,458 shares issued and outstanding.
Effective at the opening on Friday, Sept. 28, 2007, the shares of the company will trade ex rights and the rights will commence trading at that time on a when-issued basis. The company is classified as a oil and gas extraction company.
Summary
Basis of offering: Five rights exercisable for one share at $1.10 per share.
Record date: Oct. 2, 2007
Shares trade ex rights: Sept. 28, 2007
Rights called for trading: Sept. 28, 2007
Rights trade for cash: Oct. 19, 2007
Rights expire: Oct. 23, 2007
Rights trading symbol: RMT.RT
Rights Cusip No.: 75078P129
Subscription agent and trustee: Computershare Investor Services Inc.
Authorized jurisdiction(s): British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia
For further details, please refer to the company's rights offering circular dated Sept. 14, 2007.
The company's rights offering circular has been filed with and accepted by the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia securities commissions pursuant to the provisions of the respective securities acts.
