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
Glencairn Gold Corporation
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Address: 500 - 6 Adelaide St E
Toronto ON M5C 1H6
Phone: 416 860 0919
Fax: 416 367 0182
Website -
https://www.centralsun.ca/
Warrant Symbol - GGG.WT
Number Trading - 21,762,500
Expiration Date - Nov. 26, 2008
Cusip - 377903 14 1
Exercise Price - $$1.25
Warrants called to trade news:
Glencairn name change
Central Sun; rollback
2007-12-03 18:50 MT - Change
Name, Roll Back Shares
See Change Name, Roll Back
Shares (C-GGG) Glencairn Gold
Corp
TSX bulletin 2007-1695
The common shares and common
share purchase warrants of
Glencairn Gold Corp. will be
posted for trading at the open
on Wednesday, Dec. 5, 2007, on a
1:7 consolidated basis under the
new name, Central Sun Mining
Inc., under the information
listed below:
Common share symbol: CSM
Common share Cusip No.: 155432
10 7
Common share trading currency:
Canadian dollars
Warrant symbol: CSM.WT
Warrant Cusip No.: 155432 11 5
Warrant trading currency:
Canadian dollars
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It is understood that letters of
transmittal were mailed to
shareholders on Nov. 30, 2007,
requesting them to forward their
certificates representing
preconsolidated common shares of
the company to Equity Transfer &
Trust Co. at its principal
office in Toronto in exchange
for share certificates
representing the appropriate
number of common shares of the
company.
See elsewhere in today's TSX
bulletins for information
regarding the terms of the
common share purchase warrants
as a result of the
consolidation.
Glencairn Gold changes
name, rolls back shares 1:7
2007-11-29 17:04 MT - News
Release
Glencairn Gold Corp. has changed
its name to Central Sun Mining
Inc. and implemented a share
consolidation on a one-for-seven
basis effective Nov. 29, 2007.
The name change and share
consolidation were approved by
shareholders at the company's
special meeting of shareholders
held on Nov. 29, 2007.
Shareholders also approved the
issuance of a total of
19,095,714 post consolidation
common shares and 9,547,857 post
consolidation common-share
purchase warrants upon the
deemed exercise of subscription
receipts issued on Oct. 22,
2007. The company's new stock
option plan and amended share
bonus plan were also approved by
shareholders.
"This represents the completion
of three significant features of
the company's restructuring plan
announced on Oct. 2, 2007," said
Peter Tagliamonte, president and
chief executive officer. "We now
look forward to implementing the
remainder of our new strategic
plan by completing the
conversion of the Orosi mine
(formerly Libertad) from heap
leaching to conventional milling
and carrying out our exploration
program along the Nicaraguan
gold belt."
Effective at the opening on
Wednesday, Dec. 5, 2007, the
company's common shares and
common-share purchase warrants
currently listed on the Toronto
Stock Exchange under the symbols
GGG and GGG.WT, respectively,
will commence trading under the
new name Central Sun Mining, the
new symbols CSM and CSM.WT,
respectively, and on a
one-for-seven consolidated
basis. Also effective at the
opening on Wednesday, Dec. 5,
2007, the company's common
shares currently listed on the
American Stock Exchange under
the symbol GLE will commence
trading under the new name
Central Sun Mining, the new
symbol SMC and on a
one-for-seven consolidated
basis.
As a result of the
consolidation, the company has
approximately 59,284,528 common
shares outstanding and
approximately 90.45 million
common shares on a fully diluted
basis. Outstanding common-share
purchase warrants and stock
options have been adjusted to
reflect the consolidation.
Letters of transmittal will be
mailed to registered holders of
common shares on Nov. 30, 2007,
requesting them to forward the
certificates representing their
common shares of Glencairn Gold
to Equity Transfer & Trust
Company in Toronto, Ont., in
exchange for certificates
representing the number of
common shares of Central Sun
Mining to which they are
entitled.
As a result of the
consolidation, commencing on
Dec. 5, 2007, the terms of the
currently outstanding $1.25
common-share purchase warrants
listed on the Toronto Stock
Exchange have been adjusted
pursuant to the warrant
indenture governing these
warrants, such that seven
previously outstanding warrants
will entitle the holder to
purchase one common share at a
price of $8.75 until Nov. 26,
2008.
We seek Safe Harbor.
Glencairn warrants
called to trade on Dec. 9
2004-12-07 19:04 ET - Warrants
Called to Trade
TSX bulletin 2004-1421
An additional 6.85 million
common share purchase warrants
of the company will be
listed at the open on Thursday,
Dec. 9, 2004. The listing covers
warrants forming
part of a prospectus offering of
13.7 million units to be sold to
the public at a price of
73 cents per unit pursuant to
the terms of a short form
prospectus dated Nov. 23,
2004. Each unit consists of one
common share and one-half of one
warrant, each
whole warrant entitling the
holder to purchase one common
share at a price of
$1.25 per share at any time
prior to 5 p.m. (Toronto time)
on Nov. 26, 2008. The
common shares and the warrants
comprising the units will
separate immediately
upon closing of the public
offering. Reference should be
made to the TSX bulletin
2004-0193 dated Feb. 27, 2004,
for further details on the
warrants.
Please see elsewhere in today's
TSX bulletins for details
regarding the additional
listing of common shares.
Glencairn warrants
called to trade on March 3
2004-02-27 17:26 ET - Warrants
Called to Trade
TSX bulletin 2004-0193
A total of 21,762,500 common
share purchase warrants of
Glencairn Gold will be
listed and posted for trading at
the open on March 3, 2004, under
the following
trading information:
Symbol: GGG.WT
Cusip No: 377903 14 1
Designated market-maker: Alec
Phillips, Jones Gable & Company
Ltd.
Other markets: None
The warrants are being issued in
connection with a recently
completed prospectus
offering of units by Glencairn,
each unit consisting of one
common share and one-
half of a warrant. Each whole
warrant entitles the holder to
purchase one additional
common share of Glencairn at a
price of $1.25 at any time on or
before 5 p.m.
(Toronto time) on Nov. 26, 2008.
Details of the prospectus
offering are contained
elsewhere in today's Toronto
Stock Exchange bulletins.
The warrants will be governed by
the terms of a warrant indenture
between
Glencairn and Equity Transfer
Services Inc., as warrant agent.
The warrant indenture
will provide for appropriate
adjustments to the warrants in
the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.
Canadian Market News
- 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.