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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Address: 620 - 600 6th Ave SW
Calgary AB T2P 0S5
Phone: 416 628 6556
Fax: 416 628 5911
Website -
https://www.caspianenergyinc.com/
Warrant Symbol - CEK.WT
Number Trading - 8,695,262
Expiration Date - May 28, 2011
(see below)
Cusip - 147664 11 4
Exercise Price - $0.45
Warrants called to trade news:
Caspian Energy to list 8,695,262
warrants on May 30
2008-05-28 15:37 MT - Warrants
Called to Trade
TSX bulletin 2008-0568
A total of 8,695,262 common
share purchase warrants of
Caspian Energy Inc. will be
listed and posted for trading at
the open on May 30, 2008, under
the following trading
information:
Warrant symbol: CEK.WT
Warrant Cusip No.: 147664 11 4
Designated market-maker: W.D.
Latimer Co. Ltd.
Other markets: None
The warrants were issued in
connection with a recently
completed rights offering by the
company whereby shareholders had
the right to purchase units,
each unit consisting of one
common share and one-half of one
warrant. Details of the rights
offering were contained in the
Toronto Stock Exchange bulletin
2008-0429 dated April 21, 2008.
Each whole warrant entitles the
holder to purchase one
additional common share of the
company at a price of 45 cents
until 5 p.m. (Toronto time) on
the earlier of:
May 28, 2011;
30 calendar days following
notice by the company that the
closing price of the common
shares on TSX for any 20
consecutive days exceeded 75
cents.
The warrants will be governed by
the terms of a warrant indenture
between the company and Equity
Transfer & Trust Co., as warrant
trustee. The warrant indenture
provides for appropriate
adjustments to the warrants in
the event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization.
- 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.
