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.equinoxminerals.com/
Warrant Symbol - EQN.WT
Number Trading - 26,406,250
Expiration Date - May 6, 2008
Cusip - 29445L 11 3
Warrants called to trade news:
Equinox Minerals to list
26,406,250 warrants
2007-03-02 21:01 ET - Warrants
Called to Trade
TSX bulletin 2007-0296
A total of 26,406,250 common
share purchase warrants of
Equinox Minerals Ltd. will
be listed and posted for trading
at the open on Tuesday, March 6,
2007, under the
following trading information:
Warrant symbol: EQN.WT
Warrant Cusip No.: 29445L 11 3
Trading currency: Canadian
dollars
Designated market-maker: RBC
Capital Markets
Other Markets: None
The listing covers warrants
forming part of the 105,625,000
units to be sold to the
public at a price of $2 per unit
pursuant to the terms of a short
form prospectus
dated Feb. 27, 2007. Each unit
consists of one common share and
one-quarter of a
warrant. The units will separate
immediately upon closing of the
public offering.
Each warrant entitles the holder
to purchase one common share of
the company at
a price of $2.30 per share at
any time prior to 5 p.m.
(Toronto time) on the date that
is 14 months following the
closing date of the offering.
The warrants will be governed by
the terms of a warrant indenture
to be dated March
6, 2007, between the company and
CIBC Mellon Trust Co. as
trustee. The warrant
indenture provides for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.
- 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.
