imho, 1 right gives you a chance to buy 1.388422 shares at 1.25 per share.: 

That's what the prospectus and news release say!

For each Right held, the holder thereof is entitled to purchase 1.388422 Common Shares (the "Basic Subscription Privilege") at a price of $1.25 per Common Share prior to 4:00 p.m. (Toronto time) on December 21, 2012 (the "Expiry Date").