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 - CCC.WT
Number Trading - 2,350,000
Expiration Date -
Cusip - 17273P 11 6
Warrants called to trade news:
New issue of warrants and additional
listing of common shares
1993-04-20 07:20 MT - Miscellaneous
The Montreal exchange reports
Additional common shares of the
company and 2,350,000 warrants to
purchase common shares will be
listed on the exchange at the close
of business on April 19 1993 and
will be admitted to trading on an
if, as and when issued basis, at the
opening of business on April 20
1993.
The common shares and warrants will
be admitted to trading on a regular
basis after confirmation that the
closing of the distribution,
scheduled for April 20 1993, has
taken place.
The common shares and the warrants
will be issued to the public by way
of a prospectus dated April 5 1993
in the form of units. The price per
unit is $6.125 and each unit
consists of one common share and
one-half of a warrant. Certificates
evidencing the common shares and
separate certificates evidencing the
warrants will be available for
delivery at the closing of the
offering.
Of the 4,700,000 common shares
included in the units offered,
2,000,000 common shares constitute a
new issue by the company and
2,700,000 common shares are being
sold by way of a secondary
distribution by the selling
shareholders. Of the 2,350,000
warrants included in the units
offering, 1,350,000 warrants will
entitle the holders to acquire newly
issued common shares and 1,000,000
warrants will entitle the holders to
acquire common shares already
outstanding and deposited by the
selling shareholders with the
warrant agent for that purpose.
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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.
