THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - ERR.WT.A (1993)
Number Trading - 3,000,000
Expiration Date - January 7 1994
Cusip - 29880M 14 7
Warrant Symbol - ERR.WT.A (1990)
Number Trading - 2,500,000
Expiration Date - July 4 1991
Cusip - 29880M 13 9
Warrants called to trade news:
1993-07-06 16:45 MT - SMF
Date Price Fixed
Effective date: June 28 1993
Offering date: July 7 1993
Expiry date: December 27 1993
Offering: 1,500,000 units
consisting of one share and two A
warrants
Price: $1.19 per unit
Wt to buy one share: Two
Wt exercise price: $1.19 per share
Wt expiry date: January 7 1994
Agents: McDermid 600,000; Canaccord
500,000; Yorkton 400,000
Agents Wt: McDermid 150,000;
Canaccord 125,000; Yorkton 100,000
Wt exercise price: $1.19 per share
Wt expiry date: January 7 1994
Greenshoe: 15% of the offering for
$1.10
Transfer agent: Montreal Trust
Company of Canada
Symbol: ERR.WT.A
Wt Security No: 888093
Cusip No: 29880M 14 7
Unit Security No: 843700
1990-07-05 16:30 MT -
Warrants Called to Trade
Effective at the opening July 4
1990, 2,500,000 series A share
purchase warrants were posted and
called for trading.
Two warrants are required to
purchase one share of the company at
$3.30 per share on or before July 4
1991.
Wt trading symbol: ERR.WT.A
Wt security No: 888100
Wt Cusip No: 29880M 13 9
Unit security No: 843701
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
