SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jesse who wrote (5374)6/16/1998 9:27:00 PM
From: BLZBub   of 7966
 
Jesse,

So Ashton Australia (AML) might increase ownership to 70% by "oversubscribing" to the rights offering? The assumption is that AML believes that the $3 price is a deal for themselves and will therefore take-up 61.4% of offered rights, plus 61.4% of the rights not exercised by other shareholders. At the same time, ACA beefs up the treasury.

I'm wondering if securities laws will allow this in Canada. You often see rights offerings that are only open to residents of certain Canadian provinces. I'm not sure of the reason for this, but is there a way for an offshore corporation to therefore participate in the rights offering of a Canadian incorporated company?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News