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 - CIZ.WT
Number Trading - 21,385,16
Expiration Date - July 31 1989
Cusip - 17860C 12 2
Warrants called to trade news:
1988-04-21 15:16 MT -
Warrants Called to Trade
Members are advised that the common
share purchase warrants were posted
for trading at the opening April 21
1988. Each warrant entitles the
holder to purchase one common share
of the company at price of $3.00 on
or before July 31 1988.
(c) Copyright 1990 Canjex Publishing
Ltd.
1988-04-19 16:14 MT -
Miscellaneous
Further to the VSE notice dated
March 2 1988, by first supplemental
indenture to the warrant indenture
dated April 19 1988, the company has
amended the original warrant
indenture pertaining to 21,385,161
common share purchase warrants
issued to shareholders and special
warrant holders of record as of
August 24 1987, as disclosed in the
company's prospectus dated February
12 1988. One warrant now entitles
the holder to purchase one common
share for $3.00 on or before July 31
1988; $4.00 at any time after July
31 1988 and on or before January 31
1989; $5.00 at any time after
January 31 1989 and on or before
expiry on July 31 1989.
Any holder of warrants who sold
warrants on or before March 2 1988
may apply to the company for
compensation in respect of any loss
incurred by such holder as a result
of making such sale before
announcement of the modification of
the exercise price. The existing
warrant certificates are acceptable
for good delivery and for exercise
at the transfer agent. The transfer
agent, registrar for the common
shares, and trustee for the warrants
is Central Trust Company.
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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.
