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 - FBR.WT.A
Number Trading - 860,036
Expiration Date - April 19 1992
Cusip - 358901 12 2
Warrants called to trade news:
1991-11-18 16:03 MT -
Amalgamation
See New Listing (CDF) Canadian
Frobisher Resources Ltd
Frobisher Resources Ltd and Aurora
Gold Ltd have merged to become
Canadian Frobisher Resources on the
following basis:
1.. Each Frobisher shareholder is
entitled to receive one share of Cdn
Frobisher, the resulting company,
for each one Frobisher share held;
and
2.. Each Aurora shareholder is
entitled to receive one share of Cdn
Frobisher for each 6.25 Aurora
shares held.
The series A warrants of Frobisher
which expire on April 19 1992 will
continue to trade on the VSE under
the symbol FBR.WT.A. Two warrants
entitle the holder to purchase one
additional share of Cdn Frobisher at
$1.15 per share.
Effective at the opening November 21
1991, the common shares of Cdn
Frobisher will be posted and called
for trading on the VSE and the
common shares of Aurora and
Frobisher will be delisted. The
company is classified as a resource
company.
Capitalization: Unlimited shares
with no par value of which 7,262,603
shares are issued and outstanding
Escrow: 271,300
Transfer agent: Montreal Trust
Company
Trading symbol: CDF
Security No: 126100
Cusip No: 135908 10 1
1991-04-26 16:16 MT - Warrants
Called to Trade
Further to the VSE notice dated
March 11 1991, the VSE has been
advised that 860,036 series A
warrants have been issued pursuant
to the rights offering. Gross
proceeds of $687,875 were received
by the company.
Effective at the opening April 29
1991 the series A warrants of the
company will be called for trading
on the VSE. The company is
classified as a resource company.
- 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.
