The Toronto Stock Exchange reports that Norzinc Ltd. will issue one right per share held on Oct. 21, 2020, with 2.535330987 rights entitling the holder to acquire one common share of the company at 6.5 cents per share. According to the TSX, the rights will begin trading at the open on Oct. 20, 2020, under the symbol NZC.RT and Cusip No. 66976U 11 2. At the same time, the shares of the company will trade ex rights.
The TSX reports that trading in the rights will end at 12 p.m. Toronto time on Nov. 18, 2020, and the rights will expire at 5 p.m. Toronto time and will be delisted at the close on the same day. Trades on Nov. 16, 2020, will settle on Nov. 17, 2020, trades on Nov. 17, 2020, will settle on Nov. 18, 2020, and trades from the open to 12 p.m. Toronto time on Nov. 18, 2020, will settle on the same day.
For more information, see the company's rights offering circular and notice to shareholders, each dated Oct. 13, 2020, available on SEDAR.
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