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 - GRK.WT.A
Number Trading -
Expiration Date -
Cusip - 38937M 11 7
Warrants called to trade news:
1998-05-12 15:14 MT - EOP
Conditional Listing
The company's prospectus dated May
4, 1998 has been filed with and
accepted by the BCSC effective May
5, 1998. The common shares and
series A warrants of the company
will be conditionally listed on the
VSE on the effective date stated
below.
Effective date: May 12, 1998
Trade date: Tba
Offering date: Tba
Expiry date: Aug. 10, 1998
Offering: 2,000,000 units, each
unit consisting of one share and one
series A warrant to purchase one
share
Price: 40 cents
Wt exercise price: 40 cents per
share for one year
Agent: Yorkton Securities
Agent's purchase: 500,000 units,
each unit consisting of one share
and one series A share purchase
warrant to purchase one share
Agent's price: 40 cents
Agent's Wt: 500,000 warrants,
exercisable into shares at 40 cents
for one year
Directors: Tba
Capitalization: Tba
Trading symbol: GRK
Cusip No: 38937M 10 9
Wt trading symbol: GRK.WT.A
Wt Cusip No: 38937M 11 7
Unit symbol: GRK.UN
Unit Cusip No: 38937M 20 8
- 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.
