The Truth About Subscription Rights
Not sure why there is so much incorrect info being bantered around.
The prospectus CLEARLY states HOW the price is established and their status.
There is currently no market through which the Subscription Receipts may be sold and investors may not be able to resell the Subscription Receipts purchased under this short form prospectus. This may affect the pricing of the Subscription Receipts in the secondary market, the transparency and availability of trading prices, the liquidity of the Subscription Receipts and the extent of issuer regulation.
The price of the Subscription Receipts was established by negotiation between the Corporation and the Underwriters.