TriAusMin Ltd. will grant holders of record at Sept. 18, 2012, rights to purchase additional shares of the company, according to the Toronto Stock Exchange. As in an Aug. 31, 2012, TriAusMin news release, the company hopes to raise $3-million to advance its Woodlawn project. One right will be issued for every four shares held on the record date. One right entitles the holder to buy one additional share for six cents. The rights will expire at 5 p.m. (local time) on Oct. 16, 2012. The company's shares will begin trading ex rights at the open on Sept. 14, 2012.
The TSX reports the rights will trade under the symbol TOR.RT and Cusip No. Q92177 12 2. All trades in the rights completed on Oct. 11, 2012, will be for special settlement on Oct. 15, 2012. All trades completed on Oct. 12 and Oct. 15, 2012, will settle on the next business day in cash. All trades completed from the open to 12 p.m. (Toronto time) on Oct. 16, 2012, will settle on the same day in cash.
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