SQI DIAGNOSTICS INC. ("SQD")
BULLETIN TYPE: Rights Offering-Shares
BULLETIN DATE: July 15, 2016
TSX VENTURE Tier 2 Company
The Company has announced it will offer to Shareholders of record on July 21, 2016, Rights to purchase common shares of the Company. One (1) Right will be issued for every six (6) common shares held. Each Right and $0.27 entitles the holder to purchase one common share. The expiry date for the Rights Offering is August 16, 2016. As at July 15, 2016, the Company had 69,347,003 shares issued and outstanding.
Effective at the opening July 19, 2016, the common shares of the Company will trade Ex-Rights. THE RIGHTS WILL NOT BE LISTED FOR TRADING.
Summary:
Basis of Offering: One (1) Right exercisable for Six (6) common shares at $0.27 per Share.
Record Date: July 21, 2016
Shares Trade Ex-Rights: July 19, 2016
Rights Called for Trading: Not Applicable
Rights Trade for Cash: Not Applicable
Rights Expire: August 16, 2016, 4:00 PM (EST)
Rights CUSIP Number: 78466B124
Subscription Agent and Trustee: Computershare Investor Services Inc.
Authorized Jurisdiction(s): All provinces and territories in Canada
For further details, please refer to the Company's Rights Offering Circular dated July 14, 2016.
The Company's Rights Offering Circular has been filed with and accepted by the TSX Venture Exchange.
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