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 - CPC.WT
Number Trading - 87.5 million
Expiration Date - Aug. 5, 2009
Cusip - 15941K 11 3
Warrants called to trade news:
CHAP MERCANTILE 175-MILLION-SHARE
PRIVATE PLACEMENT
Chap Mercantile Inc (TSX-V:CPC)
Shares Issued 8,700,000
Last Close 10/20/2004 $0.69
Wednesday October 20 2004 - Private
Placement
The TSX Venture Exchange has
accepted for filing the company's
reverse takeover (RTO) and related
transactions, all as principally
described in its filing statement
dated Oct. 8, 2004. The RTO includes
the following matter, which has been
accepted by the exchange:
Brokered private placement
To finance the cash portion of the
consideration payable to Wheaton and
provide working capital to the
company, the company has completed a
brokered private placement of units,
originally announced on July 14,
2004, for gross proceeds of
$70-million. The financing closed on
Aug. 5, 2004, at which time the
subscribers to the financing were
issued subscription receipts and the
proceeds were placed in escrow
pending the closing of the reverse
takeover (RTO). On closing of the
RTO, the proceeds were released to
the company and the subscribers were
issued units. Particulars of the
financing are as follows:
No. of shares: 175 million common
shares
Purchase price: 40 cents per share
Warrants: 87.5 million share
purchase warrants (each warrant
allows the holder to purchase one
common share)
Warrant exercise price: 80 cents
for a five-year period expiring Aug.
5, 2009
No. of placees: 229 placees
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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.
