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 - CJE.WT
Number Trading - 4,408,920
Expiration Date - March 16 1999
Cusip - 228699 11 2
Warrants called to trade news:
1997-06-23 05:47 MT - New
Listing
An application has been granted for
the original listing on the TSE in
the oil and gas category of up to
17,898,504 common shares, of which
11,953,340 shares will be issued,
and 5,945,164 shares will be
reserved for issuance upon
completion of an initial public
offering.
An application has also been granted
for the listing of up to 4,408,920
common share purchase warrants, all
of which will be issued upon
completion of the initial public
offering.
The common shares and common share
purchase warrants were offered in
the form of units. Each unit
consists of one common share and
one-half of one common share
purchase warrant. The units will
separate into common shares and
purchase warrants at closing.
Listing of the common shares and
purchase warrants will become
effective at 4:01 pm on Monday, June
23 1997 in anticipation of the
public offering closing on Tuesday,
June 24 1997. The common shares and
purchase warrants, other than those
which have not been distributed to
the public, will be posted for
trading at the opening on Tuesday,
June 24 1997.
One whole purchase warrant, together
with a payment of $2.25, will
entitle the holder to acquire one
common share at any time until March
16 1999.
Common Shares
Symbol: CJE
Cusip No: 228699 10 4
Symbol: CJE.WT
Cusip No: 228699 11 2
Other Markets: None
- 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.
