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 - CMB.WT.A
Number Trading -
Expiration Date - January 10 1996
Cusip - 133903 11 2
Warrants called to trade news:
1995-07-14 15:53 MT - SMF
Date Price Fixed
Effective date: July 11 1995
Offering date: July 17 1995
Expiry date: January 10 1996
Offering: 400,000 units comprising
one four flow through shares, one
non-flow through share and five
series A warrants
Price: $2.92
Wt exercise price: $0.58 in the
first year; $0.61 for the following
six months
Wt term: Two A warrants to purchase
one share
Agents: McDermid
Agents Wt: For 500,000 shares
Wt exercise price: $0.58 in the
first year; $0.61 for the following
six months
Transfer agent: Montreal Trust
Wt trading symbol: CMB.WT.A
Wt security No: 879780
Wt Cusip No: 133903 11 2
Unit security No: 842029
- 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.
