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Books
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 News - 1990
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 20-Dec-90 | IMR1 | International Micham Resources Inc | Right Offering |
| 7-Dec-90 | VIC | Victorian Enuretic Services Ltd | SMF Date Price Fixed |
| 6-Dec-90 | AQA | Annisquam Art Company Ltd | SMF Date Price Fixed |
| 29-Nov-90 | LAC | Lac Minerals Ltd | Warrants Called to Trade |
| 23-Oct-90 | WCX | Williams Creek Explorations Ltd | EOP Conditional Listing |
| 18-Oct-90 | TRP | TransCanada Pipelines Ltd | Warrants Called to Trade |
| 2-Oct-90 | EEX | Esmeralda Exploration Inc | EOP Conditional Listing |
| 25-Sep-90 | AGE | Agnico-Eagle Mines Limited | Warrants Called to Trade |
| 19-Sep-90 | ALQ | Alpha Gold Corp | New Listing |
| 12-Sep-90 | LLL | Lyon Lake Mines Limited | Warrants Called to Trade |
| 6-Sep-90 | CW1 | Canadian West Resources | EOP Completed |
| 5-Sep-90 | TYV | Trylox Environment Corporation | SMF Date Price Fixed |
| 30-Aug-90 | MRZ | Maple Resource Corp | Warrants Called to Trade |
| 27-Aug-90 | GGR | Goodgold Resources Ltd | EOP Completed |
| 21-Aug-90 | SLO | Slocan Development Ltd | Warrants Called to Trade |
| 20-Aug-90 | CR | Collins Resources Ltd | Warrants Called to Trade |
| 20-Aug-90 | GGR | Goodgold Resources Ltd | Symbol Change |
| 20-Aug-90 | SMJ | Santa Marina Gold Ltd | Warrants Called to Trade |
| 17-Aug-90 | DCI | DCS International Systems Corp | Warrants Called to Trade |
| 17-Aug-90 | ECR | Encor Inc | Warrants Called to Trade |
| 17-Aug-90 | GGR | Goodgold Resources Ltd | EOP Conditional Listing |
| 15-Aug-90 | AVD | Avondale Resources Inc | Warrants Called to Trade |
| 13-Aug-90 | BCH | IAF Biochem International Inc | Warrants Called to Trade |
| 2-Aug-90 | CEN | Canadian Eagle Explorations Ltd | Warrants Called to Trade |
| 18-Jul-90 | AOT | Ascot Resources Ltd | Warrants Called to Trade |
| 16-Jul-90 | CCK | Consolidated Carina Resources Corp | Warrants Called to Trade |
| 16-Jul-90 | PRQ | Preston Resource Corp | Warrants Called to Trade |
| 16-Jul-90 | SDD | Sierra Nevada Gold Ltd | Warrants Called to Trade |
| 16-Jul-90 | SWW | Stow Resources Ltd | Warrants Called to Trade |
| 16-Jul-90 | YBD | Yellow Band Resources Inc | Warrants Called to Trade |
| 13-Jul-90 | CCK | Consolidated Carina Resources Corp | Warrants Called to Trade |
| 13-Jul-90 | CFO | Clifton Star Resources Inc | Warrants Called to Trade |
| 13-Jul-90 | PRQ | Preston Resource Corp | Warrants Called to Trade |
| 12-Jul-90 | JZM | Jazzman Resources Inc | Warrants Called to Trade |
| 12-Jul-90 | SDD | Sierra Nevada Gold Ltd | SMF Date Price Fixed |
| 12-Jul-90 | SWW | Stow Resources Ltd | SMF Date Price Fixed |
| 11-Jul-90 | FBA | Fortune Bay Resources Ltd | EOP Completed |
| 11-Jul-90 | SPR | Springer Resources Ltd | Warrants Called to Trade |
| 11-Jul-90 | VAE | Vinta Explorations Ltd | Warrants Called to Trade |
| 6-Jul-90 | CCU | Consolidated Caprock Resources Ltd | Rights Offering |
| 5-Jul-90 | ERR | Eurus Resource Corp | Warrants Called to Trade |
| 3-Jul-90 | WVW | Westview Resources Inc | Warrants Called to Trade |
| 27-Jun-90 | GIM | Gulf International Minerals Ltd | Warrants Called to Trade |
| 26-Jun-90 | BLQ | Blue Gold Resources Ltd | Warrants Called to Trade |
| 26-Jun-90 | FBA | Fortune Bay Resources Ltd | EOP Date Fixed |
| 26-Jun-90 | FXP | Fox Pond Resources | Cusip Number Announcement |
| 26-Jun-90 | HGI | Hyder Gold Inc | Warrants Called to Trade |
| 19-Jun-90 | BGN | Berglynn Resources Inc | SMF Date Price Fixed |
| 19-Jun-90 | CDD | Candela Resources Ltd | SMF Date Price Fixed |
| 18-Jun-90 | DRY | Dryden Resource Corporation | SMF Date Price Fixed |
| 12-Jun-90 | FXP | Fox Pond Resources | Warrants Called to Trade |
| 11-Jun-90 | OGC | Omega Gold Corporation | Warrants Called to Trade |
| 8-Jun-90 | LR | Link Resources Inc | Warrants Called to Trade |
| 7-Jun-90 | LR | Link Resources Inc | SMF Date Price Fixed |
| 5-Jun-90 | FXP | Fox Pond Resources | EOP Conditional Listing |
| 1-Jun-90 | CFO | Clifton Star Resources Inc | Warrants Called to Trade |
| 30-May-90 | MYR | Minorca Resources Inc | EOP Completed |
| 29-May-90 | MYR | Minorca Resources Inc | EOP Date Fixed |
| 25-May-90 | WTF | Waterford Resources Inc | EOP Completed |
| 11-May-90 | COB | Columbia Gold Mines Ltd | Warrants Called to Trade |
| 10-May-90 | GIG | Gigi Resources Ltd | Warrants Called to Trade |
| 9-May-90 | GIG | Gigi Resources Ltd | Warrants Called to Trade |
| 2-May-90 | KGG | Consolidated Goldwest Resources Ltd | Warrants Called to Trade |
| 1-May-90 | KGG | Consolidated Goldwest Resources Ltd | Warrants Called to Trade |
| 26-Apr-90 | CBT | Consolidated Bel-Air Resources Ltd | Warrants Called to Trade |
| 25-Apr-90 | CBT | Consolidated Bel-Air Resources Ltd | Warrants Called to Trade |
| 25-Apr-90 | IFO | Info-Stop Communications Inc | Warrants Called to Trade |
| 24-Apr-90 | IFO | Info-Stop Communications Inc | Warrants Called to Trade |
| 23-Apr-90 | MGG | Mega Gold Resources Ltd | Warrants Called to Trade |
| 23-Apr-90 | MYR | Minorca Resources Inc | EOP Conditional Listing |
| 19-Apr-90 | CBT | Consolidated Bel-Air Resources Ltd | SMF Date Price Fixed |
| 19-Apr-90 | SRJ | Scorcorp Industries Inc | Warrants Called to Trade |
| 18-Apr-90 | BUF | Buffalo Resources Ltd | Warrants Called to Trade |
| 11-Apr-90 | PRU | Prime Resource Group Inc | Warrants Called to Trade |
| 23-Mar-90 | COB | Columbia Gold Mines Ltd | Rights Offering |
| 15-Mar-90 | TKT | Ticker Tape Resources Ltd | Warrants Called to Trade |
| 14-Mar-90 | TKT | Ticker Tape Resources Ltd | Warrants Called to Trade |
| 2-Mar-90 | MLN | Milan Resources & Explorations Ltd | Warrants Called to Trade |
| 23-Feb-90 | GLO | GLS Global Listing Service Ltd | Warrants Called to Trade |
| 20-Feb-90 | BIM | Big M Petroleum Inc | Warrants Called to Trade |
| 19-Feb-90 | BIM | Big M Petroleum Inc | SMF Date Price Fixed |
| 12-Feb-90 | SHR | Shephard Insurance Group Ltd | Warrants Called to Trade |
| 8-Feb-90 | GTZ | Golden Trump Resources Ltd | Warrants Called to Trade |
| 7-Feb-90 | GTZ | Golden Trump Resources Ltd | SMF Date Price Fixed |
| 31-Jan-90 | SBU | Silver Butte Resources Ltd | Warrants Called to Trade |
| 25-Jan-90 | PMR | Prime Resource Group Inc | Consolidation |
| 22-Jan-90 | UNI | Unicorp Canada Corp | Warrants Called to Trade |
| 15-Jan-90 | DD | Dayton Developments Corp. | Warrants Called to Trade |
| 9-Jan-90 | MUF | Muirfield Investment Corporation | Warrants Called to Trade |
| 2-Jan-90 | RVI | Reach Ventures Inc | EOP Completed |
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Warrant Calculators
Warrant Calc
Intrinsic (Per Warrant)
$0.00
Fair Value (Per Warrant)
$0.00
Warrant Terms
- 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.
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What Exactly is a Canadian Stock Warrant:
In Canada, a warrant is a security issued directly by a corporation (not by other traders like options) that gives you the right to buy their stock at a fixed price (the strike) for a set period (usually 2 to 5 years).Key Terms You’ll See on the TSX/TSXV:The Strike Price: The price you pay to "exercise" the warrant.The Expiry Date: The "drop-dead" date. In Canada, these are often longer than US-listed options, giving you years for your thesis to play out.The Acceleration Clause: A uniquely Canadian feature. If the company’s stock stays above a certain price for a set number of days, they can force you to exercise your warrants early. - Visualizing the Lifecycle: Visualizing the Lifecycle Unlike a stock that you can hold "forever," a warrant has a clear beginning, middle, and end.Issuance: Usually bundled into a "Unit" (1 Share + 1/2 Warrant) during a private placement or IPO.Separation: After a short period, the warrants "detach" and begin trading under their own symbol.The Exercise Window: Your opportunity to profit.Expiration: If the stock is below the strike price on this day, the warrant becomes worthless.
- How to Read Canadian Warrant Symbols: If you are looking for these on your brokerage platform you need to know the suffixes. Exchange Suffix Example: Toronto Stock Exchange SHOP.WT.TO, TSX Venture VABC.WT.VN, Canadian Securities Exchange GROW.WT.CN. Pro Tip: If a company has multiple warrants, they are lettered (e.g., ABC.WT.A, ABC.WT.B). Always check the specific terms for the letter you are buying!"
- The Math: Intrinsic vs. Time Value: Why does a warrant cost $2.00 when the stock is only $1.00 above the strike price?Intrinsic Value: The immediate "cash" value. (Stock Price - Strike Price). Time Value: The "hope" value. You are paying for the potential growth over the next few years. As the expiry date gets closer, this value disappears (a process called Time Decay).
- Tax Considerations for Canadians: Warrants behave differently than stocks in the eyes of the CRA:Capital Gains: If you buy a warrant for $0.50 and sell it for $1.50, the $1.00 profit is treated as a standard Capital Gain (only 50% is taxable). TFSA/RRSP Eligibility: Most warrants listed on a "Designated Stock Exchange" (like the TSX) are qualified investments for your TFSA or RRSP. However, unlisted warrants from private placements often are not—be careful to avoid the 50% "prohibited investment" tax! Summary: The "Hockey Stick" Payoff The reason people love warrants is the Payoff Curve. While the stock moves in a straight line, the warrant stays flat until it hits the strike price, then it curves upward with extreme speed.