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Wear a button... tell town's story Investor's Inquiry Charlie Colling WANT TO WEAR a work of art on your lapel. --What are warrants lapel? Or a badge of civic pride? It's expected that the bright attractive pins and rights of their Colourful lapel buttons carrying Midland will be popular with summer visitors and function? H.C. artist's prize-winning Midland Centennial Midlanders are urged to carry a supply with Penetanguishene. logo are now on sale in many Midland stores. them when they travel this summer. The pins sell for 69 cents. Midland Chamber would be interested to know how far the bright buttons travel. If you spot a Midland lapel button on your travels this summer, let the folks at the Chamber office know (526-7884). Com- Warrants are usually issued with a primary or original distribution of a stock or debenture of a company as an en- ticement for the in- The design which features a pair of wind- swept pines beside the bright blue waters of Georgian Bay, has come to symbolize Midland and has been used in a variety of ways including a garden design, and as a : | ae motif for the large white centennial banners. = Sis = - : missioner of Development Wallace Cun vestor to put money into Charlie Midland Chamber of Commerce has in- jingham has promised a special award for a particular issue. = troduced the buttons as part of a campaign to = ; dy Di lked Hence you might see Colling anyone who can prove that Lady Di. walke put Midland's name on every lip and every down the aisle wearing a Midland pin! ABC Company issue ten One word of caution million shares of stock at ten dollars per share cum warrants. These warrants give the in- vestor the option of buying additional shares of the company over a _ predetermined period of time. For example: John buys five hundred shares of ABC Company at ten dollars per share cum warrants in May of 1981. The warrants entitle him to buy an additional five hundred shares at ten dollars per share after May of 1982 and before May of 1985 when the warrants expire. Thus if the price of ABC Company goes to twenty dollars per share and John feels they could go higher he exercises his warrants at ten dollars per share to hold one thousand shares. His option, of course, is to sell his warrants at any time before they expire at the prevailing market price. This of course, is over and above any dividends declared and paid by the company. In the case 'of warrants being issued in conjunction with a debenture, the option would be to buy the underlying stock of the debenture issue at a predetermined price and time limit, or sell the warrants. Rights are very similar in nature to warrants except that they only have a time period of approximately one month. The option is the same, buying stock at a reduced price or selling the rights. regarding a rights of- fering - Trust com- panies do not use registered. mail when sending "rights to shareholders, so many people, thinking that an envelope is just ad- vertising material, toss it in the garbage. If you hold stocks or bonds of any type, make sure you open all the mail and understand what you are tossing out. It makes a lot of unecessary work and is very often an expensive} error. Another method of raising additional financing which has become quite popular in the last few years is what is known as a fixed price offering. This is accomplished by offering a certain number of shares through the facilities of an exchange at a discount price usually half an hour before the exchange opens for the day. This method is much faster and more economical but does not give any or very little time for consideration. In sending in questions to be an- swered in these columns, please remember that Securities Commission Regulations will not permit giving opinions or recommendations on any specific securities. All. other signed inquiries will be an- swered as soon as possible. In all answers only the inquirer's initials will be used. Address all questions to "Investor's Inquiry"' c-o The Midland Times, NOTICE Price increase effective May 21, 1981 SAVE NOW-LIMITED TIME ONLY All water well contracts signed on or before May 21, 1981 will be honoured at last year's rates Water well drilling complete pump installations Licensed bythe Ministry of Environment member of 0.W.W.A. & C.W.W.A. HOWELL DRILLING RR1 Waubashene Call Doug Howell at 538-2573 If no answer - Call 526-3057 'A family name in water well drilling" Page 14, Wednesday, May 6, 1981 Contact bike-a-thon May 24 Contact Telephone Information and Referral Centre is bike- a-thon will be held May 24, weather permitting. Starting point for the bike-a-thon. will be Midland -- Secondary School with participants then travelling down county road six and Concession 11 in Tiny Township, onto Robert Street and Fuller Avenue in Tay Town- ship and coming to an end at Little Lake Park. The entire course will run about 20 miles in length and the riders will start at 9 a.m. The rider getting the most pledges _ will receive a $50 dinner for Keep our town CLEAN two at Andrea's Restaurant in Midland. If you are interested in entering the bike-a- thon, you can call contact Centre at 526- 9333 or Catherine Moore at 526-6973. i You must be entered by May 15. There is a minimum 10 cents a: mile limit to enter the event. The Town of Penetanguishene SPECIAL TRUCKS WILL BE © PICKING UP REFUSE LIMBS, OLD FURNITURE, MATTRESSES- JUNK, GARDEN REFUSE and everything not taken by Garbage collection (excepting industrial waste and discarded vehicles) esrsoe Wed., May 13 wesr sve Thurs., May 14 PLEASE PLACE REFUSE IN CONVENIENT SPOT FOR PICK-UP =) Use the handy refuse containers on downtown streets for small litter B. MacDONALD & ASSOCIATES INC. -Accountants -Business Consultants -Management Complete Income Tax Service Stayner (705) 428-3327 Elmvale (705) 322-1991