I presume the company will explain just how to do this. Seems some savings are in order if you exercise when stock price is lower than usual.
Rights Expiry Date: The Rights Offerings will be open until 5:00 p.m. (EST) on December 4, 2012. Holders of subscription rights will need to exercise their subscription rights prior to that time and date ("Expiry Date")
What will it cost to subscribe for a share? Upon the exercise of ten (10) subscription rights each Common Share will cost US$2.25 or CDN$2.24 (if you reside in Canada) and each Exchangeable Share will cost CDN$2.24. The price difference is reflective of the US$/CDN$ exchange rate.
Anyone not planning to exercise had better sell,or take a 10%haircut after 12-05-2012.
READ THE NEWS ON YAHOO DATED TUESDAY 11-09-2012.
With all the questions being asked,it seems that many are not reading the news items posted on the yahoo mux page every day.