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 - SGA.WT
Number Trading - 6,649,713
Expiration Date - August 28, 2008
Cusip - Q8271C 11 8
Exercise Price - $1.71
Warrants called to trade news:
Australian Solomons Gold to list on
TSX Aug. 28
2006-08-24 17:22 MT - New Listing
TSX bulletin 2006-1069
An application has been granted for
the original listing in the mining
category of 71,116,765 common shares
of the company, of which 54,980,107
common shares are issued and
outstanding, and 16,136,658 common
shares are
reserved for issuance.
An application has also been granted
for the listing of 7,979,358 common
share purchase warrants, of which
6,649,713 are issued and
outstanding, and
1,329,645 are reserved for issuance.
Each warrant entitles the holder to
purchase one common share at a price
of $1.71 per share for a period of
24
months following the closing of the
offering.
Listing of the common shares will
become effective at 5:01 p.m. on
Friday,
Aug. 25, 2006, in anticipation of
the public offering closing on
Monday,
Aug. 28, 2006. The common shares and
warrants will be posted for trading
at
the open on Monday, Aug. 28, 2006.
The company is subject to the
reporting requirements of Section
501 of the
Toronto Stock Exchange company
manual.
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- 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.
