Chasen

Chasen: 4-for-10 rights issue of warrants will go ex-rights on 21 Feb. The warrants will be issued at $0.01 each, and each warrant has an exercise price of $0.12. Assuming Chasen's last cum price is $0.172, and assuming full subscription and conversion of the warrants, the adjusted ex-rights price = [ 4 * (0.12 + 0.01 ) + 10 * 0.172 ] / 14 = $0.16