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 - DY.WT
Number Trading -
Expiration Date -
Cusip - 267934 11 5
Warrant Symbol - DY.WT.B
Number Trading -
Expiration Date -
Cusip - 267934 12 3
Warrants called to trade news:
1997-10-07 06:04 MT - New
Listing
An application has been granted for
the original listing on the TSE in
the industrial category of
160,876,159 common shares, of which
113,527,972 shares will be issued
and 47,348,187 shares will be
reserved for issuance upon
completion of the distribution by
Sherritt International of a dividend
in kind of common shares and
warrants of Dynatec Corporation on
the basis of one common share and
one quarter short-term warrant of
Dynatec for each restricted voting
share of Sherritt held as of the
close of business on Friday, October
10 1997.
Particulars of Sherritt's dividend
in kind are contained elsewhere in
today's bulletins.
The common shares and short-term
warrants of Dynatec will initially
trade in the form of units, each
unit comprised of one common share
and one quarter short-term warrant.
The units will be listed and posted
for trading on a when distributed
basis at the opening on Wednesday,
October 8 1997.
The common shares and short-term
warrants comprising the units will
not be separately transferable until
the earlier of 4:00 pm (Toronto
time) on November 5 1997 or such
earlier time as may be determined by
the company. Prior to the separation
date, the units will be evidenced by
legended common share certificates
representing common shares and
short-term warrants. After the
separation date, the legended common
share certificates will represent
only common shares, and holders of
units of record at the close of
business on the separation date will
receive a certificate representing
short-term warrants as soon as
practicable after the separation
date.
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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.
