Donations
If you find this site
informative please donate, every
donation helps us keep up
with hosting costs.
Thanks!
Warrants
Alert
Books
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
Quick Links:
Back to Home Page Back to Warrant Sheets
Back to Expired Warrants
131 Bloor St West, Suite 202
Toronto, Ontario
M5S 3L7
Warrant Symbol - GO.WT
Number Trading - 700,972,200
Expiration Date - February 20, 2019
Cusip -
Exercise Price - $0.05
Not for distribution in the United States or to U.S. newswire services
TORONTO, Feb. 25, 2014 /CNW Telbec/ - Mantis Mineral Corp. ("Mantis") (CNSX: MYN) and Gondwana Energy Corp. ("Gondwana") are pleased to announce that they have completed their previously announced business combination (the "Business Combination").
Gondwana was formed on September 6, 2013 and acquired a 70% interest in Miura Petroleum Limited, which holds a right to negotiate the acquisition of an interest in the off-shore license block at West Cape Three Points - South Block, located in Ghana, Africa and comprising approximately 1,604 square kilometres. Following the closing of the Business Combination, the Resulting Issuer plans to focus on advancing these petroleum assets in an effort to enhance overall shareholder value.
The Business Combination was structured in the form of an amalgamation pursuant to which Mantis amalgamated with Gondwana to form the amalgamated entity named "Gondwana Oil Corp." (the "Resulting Issuer"), and all of the issued and outstanding securities of each of Gondwana and Mantis were cancelled in consideration of the issuance to the former holders thereof of equivalent securities of the Resulting Issuer on a 1:1 basis.
Prior to closing, Gondwana completed a private placement of 700,972,200 special warrants, ("Special Warrants") to raise aggregate gross proceeds of $3,504,861. Each Special Warrant was deemed exercised prior to the closing of the Business Combination, for no additional consideration, into one unit ("Unit") comprised of one common share of Gondwana (a "Gondwana Share") and one common share purchase warrant of Gondwana (each, a "Warrant"), with each Warrant being exercisable until February 20, 2019 into one additional Gondwana Share at an exercise price of $0.05 per share. Also in connection with the private placement, Gondwana issued an aggregate of 48,793,000 compensation options (the "Compensation Options"), each entitling the holder to acquire one Unit for a period of five years at a price of $0.005 per Unit.
Visitor Map
Days Left
Warrant Terms
- 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.
Charts
Gold Prices
Silver Prices
Platinum Prices
Palladium Prices
Visitors