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: 600 - 400 3rd Ave SW
Calgary AB Canada T2P 4H2
Phone: 403 216 2709
Fax: 403 234 0603
Web Site: https://www.cardinalenergy.ca
Number Trading - 3,898,700
Expiration Date - Jan 3, 2028
Cusip - 14150G 13 7
Exercise Price - $7.00
Warrants called to trade news:
Cardinal Energy warrants to trade on
TSX Jan. 3
2024-12-31 16:33 ET - Warrants Called to
Trade
The Toronto Stock Exchange reports that
Cardinal Energy Ltd. common share purchase
warrants will be listed and posted for
trading at the open on Jan. 3, 2025, under
the symbol CJ.WT, in Canadian dollars and
with Cusip No. 14150G 13 7.
Each unit will consist of one 7.75 per cent
senior unsecured debenture of the company
and 65 warrants, with each warrant
exercisable at $7 per common share of the
company until 5 p.m. Calgary time on the
date that is 36 months from the closing of
the offering.
The company expects to close the offering
before the open on Jan. 3, 2025. A total of
3.9 million warrants will be issued. The
units will separate immediately upon the
closing of the offering.
© 2025 Canjex Publishing Ltd. All rights
reserved.
- 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.
