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 - CYP.WT.A
Number Trading -
Expiration Date - November 18 1998
Cusip - 232922 11 2
Warrants called to trade news:
Rights offering proposed
1997-10-20 17:03 MT - News Release
The company will be conducting a
rights offering by way of an
exchange offering prospectus. The
company expects its prospectus to be
receipted by the BC Securities
Commission on October 20 1997.
The company will be issuing to
shareholders resident in BC as of
October 28 1997 one right for each
share owned as of the record date.
Based on the present number of
issued shares there will be total of
10,743,223 rights issued.
The rights will commence to trade an
the VSE on October 24 1997 and will
continue to trade until the close of
business on November 18 1997. From
November 13 1997 to November 19 1997
the rights will trade for cash only.
Each five rights plus $0.55 will
allow the holder to subscribe for
and purchase one flow-through unit
of the company up to 4:00 pm
November 18 1997. After that date
the unexercised rights will be void
and of no force or effect.
Each flow-through unit of the
company will consist of one
flow-through common share and one
series A flow-through share purchase
warrant.
Each series A flow-through warrant
will entitle the holder to purchase
a further flow through common share
in the company at $0.55 up to
November 18 1998. Subject to
distribution requirements being met,
the series A flow-through warrants
will commence to trade on the VSE on
or about November 19 1997.
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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.
