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 - BVT.WT
Number Trading -
Expiration Date -
Cusip - 054945 11 8
Warrants called to trade news:
1998-03-31 14:50 MT - EOP
Completed
Further to the VSE notice dated
effective March 17 1998, the company
has completed its initial
distribution of shares to the
public. The gross proceeds received
by the company for the offering
(400,000 units at $0.40, 350,000
flow through shares at $0.37 and
250,000 non-flow through shares at
$0.35) were $377,000.
Trade date: April 2 1998
Offering date: March 18 1998
Expiry date: May 1 1998
Offering: 400,000 units, each unit
consisting of one share and one
warrant to purchase an additional
share at $0.40 for one year; 350,000
flow through shares; 250,000
non-flow through shares
Price: $0.40 per unit; $0.37 per
flow through share; $0.35 per
non-flow through share
Capitalization: 2,750,001 shares
issued
Escrow: 750,000 shares
Agent: Brink, Hudson & Lefever
Transfer agent: Montreal Trust
Company
Directors: Tba
Trading symbol: BVT
Cusip No: 054945 10 0
Warrant trading symbol: BVT.WT
Wt Cusip No: 054945 11 8
- 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.
