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: 300 - 611 10th Ave SW
Calgary AB T2R 0B2
Phone: 403 265 3221
Fax: 403 265 3242
Website:
https://www.grantierra.com
Warrant Symbol - GTE.WT
Number Trading - 4.1 million
Expiration Date - August 28,
2011
Cusip -
Exercise Price - $9.67
Warrants called to trade news:
Gran Tierra Energy lists
warrants on TSX
2011-03-22 17:16 MT - Warrants
Called to Trade
Gran Tierra Energy Inc. will
list 4,125,135 warrants on the
Toronto Stock Exchange at the
open on Thursday, March 24,
2011, according to the TSX. As
in a March 18, 2011, news
release, the company acquired
all of the outstanding shares
and warrants of Petrolifera
Petroleum Ltd. For each
Petrolifera warrant, it issued
0.1241 Gran Tierra warrant. One
Gran Tierra warrant entitles the
holder to buy one share of the
company at $9.67 until Aug. 28,
2011.
Gran Tierra completes
Petrolifera acquisition
2011-03-18 14:13 MT - News
Release
Gran Tierra Energy Inc. has
closed its acquisition of all
the issued and outstanding
common shares and warrants of
Petrolifera Petroleum Ltd. by
way of
statutory plan of arrangement.
Under the arrangement,
Petrolifera shareholders
received, for each Petrolifera
share held, 0.1241 of a share of
Gran
Tierra Energy common stock, and
Petrolifera warrantholders
received, for each Petrolifera
warrant held, 0.1241 of a
warrant to purchase a share of
Gran Tierra Energy common stock
at an exercise price of $9.67
per share. The Gran Tierra
Energy warrants expire on Aug.
28, 2011.
The arrangement was approved at
a special meeting of Petrolifera
shareholders on March 17, 2011,
and by the Court of Queen's
Bench of Alberta on
March 18, 2011. Approximately 72
per cent of the Petrolifera
shareholders voted, with over 99
per cent of the votes cast by
Petrolifera shareholders voting in favour of the
arrangement. Gran Tierra Energy
has acquired all the issued and
outstanding Petrolifera shares
and warrants through the
issuance of approximately 18.2
million Gran Tierra Energy
shares and approximately 4.1
million Gran Tierra Energy
warrants.
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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.
