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: 1720 - 633 6th Ave SW
Calgary AB T2P 2Y5
Phone: 403 398 3345
Fax: 403 398 3351
Website:
https://www.fortressenergy.ca
Warrant Symbol - FEI.WT.A
Number Trading - 21,779,000
Expiration Date - September 30, 2011
Cusip - 34958M 14 4
Exercise Price - $0.55
Warrant Symbol - FEI.WT
Number Trading - 5,516,700
Expiration Date - June 20, 2011
Cusip - 34958M 11 0
Exercise Price - $2.00
Warrants called to trade news:
Fortress Energy to list
warrants Sept. 30
2009-09-28 17:17 MT - Warrants
Called to Trade
TSX bulletin 2009-1230
A total of 21,779,000 common
share purchase warrants of
Fortress Energy Inc. will be
listed and posted for trading at
the opening on Wednesday, Sept.
30, 2009, under the following
trading information:
Stock symbol: FEI.WT.A
Cusip No.: 34958M 14 4
Designated market-maker:
Desjardins Securities Inc.
Other markets: None
The listing covers warrants
forming part of 21,779,000 units
sold to the public at a price of
38.5 cents per unit pursuant to
the terms of a short-form
prospectus dated Sept. 23, 2009.
Each unit consists of one common
share and one 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 55
cents per share at any time
prior to 5 p.m. (Calgary time)
on Sept. 30, 2011.
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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.
