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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Address:717, 1030 West
Georgia Street
Vancouver, British Columbia V6E
2Y3
Phone: 604 628-5623
Warrant Symbol -
DSR.WT
Number Trading -
22,749,905
Expiration Date - June 5, 2017
Cusip - 25044W 12 0
Exercise Price -
$0.15
Warrants called to trade
news
Desert Star receives TSX-V
approval for 1:2 rollback
2017-04-28 14:05 MT -
News Release
In connection with the
consolidation, the common shares
issuable upon exercise of the
company's share purchase
warrants exercisable at 50 cents
per common share until July 5,
2017, which are listed for
trading on the exchange under
the symbol DSR.WT, will be
adjusted to provide that every
two warrants will be exercisable
to purchase one
postconsolidation common share
at an aggregate exercise price
of $1. No fractional shares will
be issued upon exercise of the
warrants.
The company currently has
32,895,802 common shares and
11,374,952 warrants issued and
outstanding. As at the effective
date, the company will have
approximately 16,447,901
postconsolidated common shares
and 11,374,952 warrants to
purchase 5,687,476
postconsolidated common shares
issued and outstanding. No
action is required to be taken
by securityholders with respect
to the consolidation and
outstanding certificates
representing the company's
common shares, and the warrants
will not need to be exchanged.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd.
All rights reserved.
Desert Star Resources 1:2 share
rollback
2016-08-29 19:17 MT - Rollback
Pursuant to a resolution passed
the directors on July 28, 2016,
the company has consolidated its
capital on a one-new-for-two-old
basis. The name of the company
has not been changed.
Effective at the opening on Aug.
30, 2016, the common shares of
Desert Star Resources Ltd. will
commence trading on the TSX
Venture Exchange on a
consolidated basis. The company
is classified as a mineral
exploration and development
company.
Postconsolidation
Capitalization: 11,374,952
warrants with no par value, of
which 11,374,952 warrants are
issued and outstanding
Trading symbol: DSR.WT
(unchanged)
Cusip No.: 25044W138 (new)
© 2018 Canjex Publishing Ltd.
All rights reserved.
Desert Star warrant extension,
listing
2016-07-21 14:47 MT -
Miscellaneous
The TSX Venture Exchange has
consented to the extension in
the expiry date of the following
warrants.
Private placement
Number of warrants: 8,208,333
Original expiry date of
warrants: Feb. 25, 2015; amended
to Feb. 25, 2016, on Jan. 19,
2015; amended to Feb. 25, 2017,
on Jan. 4, 2016
New expiry date of warrants:
Oct. 25, 2017
Exercise price of warrants: 15
cents
These warrants were issued
pursuant to a private placement
of 8,333,333 shares, with
8,333,333 share purchase
warrants attached, which was
accepted for filing by the
exchange effective Feb. 20,
2013.
Amalgamation
Number of warrants: 8,642,191
Original expiry date of
warrants: April 15, 2017
New expiry date of warrants:
June 5, 2017
Exercise price of warrants: 25
cents
These warrants were issued
pursuant to an amalgamation with
Providence Resources Corp.,
where each Providence
shareholder received 0.4 Desert
Star Resources Ltd. common share
and 0.4 Desert Star share
purchase warrant as part of the
amalgamation, which was accepted
for filing by the exchange
effective on April 14, 2015.
Private placement
Number of warrants: 8,518,568
Original expiry date of
warrants: Dec. 30, 2016
New expiry date of warrants:
June 5, 2017
Exercise price of warrants: 25
cents
These warrants were issued
pursuant to a private placement
of 8,518,568 shares, with
8,518,568 share purchase
warrants attached, which was
accepted for filing by the
exchange effective on Dec. 29,
2014.
Private placement
Number of warrants: 1,777,480
Original expiry date of
warrants: Feb. 13, 2017
New expiry date of warrants:
June 5, 2017
Exercise price of warrants: 25
cents
These warrants were issued
pursuant to a private placement
of 1,777,480 shares, with
1,777,480 share purchase
warrants attached, which was
accepted for filing by the
exchange effective on Feb. 12,
2015.
Private placement
Number of warrants: 3,078,333
Original expiry date of
warrants: March 3, 2017
New expiry date of warrants:
June 5, 2017
Exercise price of warrants: 25
cents
These warrants were issued
pursuant to a private placement
of 3,078,333 shares, with
3,078,333 share purchase
warrants attached, which was
accepted for filing by the
exchange effective on March 2,
2015.
New listing of warrants
Effective at the opening,
Friday, July 22, 2016,
22,749,905 common share purchase
warrants of Desert Star
Resources will commence trading
on the TSX Venture Exchange Inc.
The company is classified as a
mineral exploration and
development company.
Capitalization: 22,749,905
warrants with no par value, of
which 22,749,905 warrants are
issued and outstanding
Trading symbol: DSR.WT
Cusip No.: 25044W 12 0
The warrants were issued
pursuant to the previous private
placement of the company and the
company's 2015 amalgamation.
Each warrant entitles the holder
to purchase one common share of
the company at a price of 25
cents per common share at any
time prior to the expiry at 4
p.m. (Vancouver time) on Monday,
June 5, 2017.
© 2018 Canjex Publishing Ltd.
All rights reserved.
Desert Star to extend, list
22.74 million warrants
2016-07-20 10:51 MT - News
Release
Desert Star Resources Ltd. has
extended the terms of certain
share purchase warrants
exercisable at 25 cents and has
applied for listing of the
warrants on the TSX Venture
Exchange as a supplemental
listing. A total of 22,749,905
warrants are exercisable until
June 5, 2017, each exercisable
into one common share of the
company at an exercise price of
25 cents per common share. These
warrants represent share
purchase warrants previously
issued by the company under
private placements and the
company's 2015 amalgamation. All
warrants were extended to the
same expiry date to facilitate
the listing. The warrants are
issued under a warrant indenture
with Computershare Trust Company
of Canada (which has been filed
on SEDAR). The warrants bear
Cusip No. 25044W120.
The warrants will be listed
under the symbol "DSR.WT" and
are expected to commence trading
on July 21, 2016.
The company is also extending
8,208,333 share purchase
warrants exercisable at 15
cents. These warrants had an
expiry date of Feb. 25, 2017,
and the company is extending
them to Oct. 25, 2017, subject
to TSX-V approval.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd.
All rights reserved.
- 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.
