LRS 0.00% 18.5¢ latin resources limited

Ann: LRS Update Presentation May 2017, page-92

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  1. 920 Posts.
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    A non renouncable rights issue is an event brought on by the company to raise capital.
    It differs from a cr in that only current holders are able to purchase the shares (rights) this is a way to allow holders to increase their position at minimal cost.
    It differs from a renouncable rights issue because in the event of a renouncable rights issue holders are able to sell their right to buy shares to non holders on the market.
    The company decides the details but usually every holder has a right to buy 1 share for every 5 they hold at the time of the issue.
 
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