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 - CVW.WT
Number Trading -
Expiration Date - Feb. 17, 2005
Cusip - 18507P 11 2
Warrants called to trade news:
Clearview warrants called to trade
2003-02-20 14:45 MT - Warrants
Called to Trade
Effective Dec. 17, 2002, the
company's short form offering
document dated Dec. 11, 2002, was
filed with and accepted by the TSX
Venture Exchange. The exchange has
now been advised that the offering
closed on Feb. 17, 2003.
Agent: Wolverton Securities Ltd.
Offering: 2,000,500 units consisting
of one-half of one flow-through
common share, one-half of one
non-flow-through common share and
one non-flow-through common share
purchase warrant. Each warrant can
be exercised into one additional
share at an exercise price of 13
cents per share in the first year
and 16 cents per share in the second
year.
Unit price: 13 cents
Agent's option: Non-transferable
agent's option entitling the agent
to acquire 10 per cent of the number
of units sold at a price of 13 cents
per agent's unit for a two-year
period. Each agent's unit consists
of one non-flow-through common share
and one non-flow-through common
share purchase warrant. Each agent's
warrant will entitle the holder to
purchase one additional
non-flow-through common share at a
price of 13 cents per share for a
two-year period.
Agent's commission: 10 per cent
payable in cash plus $5,000
corporate finance fee.
Corporate jurisdiction: British
Columbia
Capitalization: 2,000,500 warrants
with no par value of which 2,000,500
warrants are issued and outstanding
Transfer agent: Pacific Corporate
Trust Company
Symbol: CVW.WT
Cusip No.: 18507P 11 2
- 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.
