MISSISSAUGA, Ont. — Trailmobile Canada Ltd., a leading manufacturers of semi trailers, says it intends to proceed with a rights offering to raise up to $1.0 million.
Shareholders of record on Aug. 10 will be entitled to one right for each common share held. Four rights will entitle the individual to subscribe for one common share at cost of nine cents, the company notes.
Rights holders must exercise their conversion privileges by Aug. 31. Rights holders who exercise their rights in full are entitled to subscribe for additional shares at the same cost.
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