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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Website -
https://www.claymoreinvestments.ca
Address: 200 Univeristy Ave
Toronto ON M5H 3C6
Phone: 866 417 4640
Fax: 416 813 2020
Warrant Symbol - SVR.WT
Number Trading - 46 million
Expiration Date - January 15, 2010
Cusip - 18387H 11 5
Exercise Price - $10.00
Warrants called to trade news:
Claymore Silver Bullion to list
on TSX on July 14
2009-07-13 16:02 MT - New Listing
TSX bulletin 2009-0908
An application has been granted for the
original listing in the industrial
category of up to 46 million redeemable,
transferable trust units of Claymore
Silver Bullion Trust of which up to 20
million fund units will be issued and
outstanding and up to 26 million fund
units will be reserved for issuance upon
completion of an initial public
offering. An application has also been
granted for the listing of up to 23
million warrants, of which up to 20
million warrants will be issued and
outstanding and up to three million
warrants will be reserved for issuance.
The fund units and warrants will be sold
to the public in the form of units at a
price of $10 per fund unit. Each unit
consists of one fund unit and one
warrant. The units will separate
immediately upon closing of the
offering. Each warrant entitles the
holder thereof to acquire one fund unit
at an exercise price of $10 at any time
before 4 p.m. (Toronto time) on the date
that is six months following the closing
date of the offering.
Listing of the fund units and warrants
will become effective at 5:01 p.m. on
Tuesday, July 14, 2009, in anticipation
of the offering closing on Wednesday,
July 15, 2009. The fund units and the
warrants, other than those which have
not been distributed to the public, will
be posted for trading at the opening on
July 15, 2009.
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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.
