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: 1700 - 155 University
Ave
Toronto ON M5H 3B7
Phone: 416 947 1440
Fax: 416 360 0010
Website - https://www.hrg.ca
Warrant Symbol - HRG.WT
Number Trading - 16.15 million
Expiration Date - Nov. 8, 2010
Cusip - 42979J 15 6
Exercise Price - $4.00
Warrants called to trade news:
High River to list 16.15
million warrants on Nov. 8
2007-11-06 17:42 MT - Warrants
Called to Trade
TSX bulletin 2007-1564
A total of 16.15 million common
share purchase warrants of High
River Gold Mines Ltd. will be
listed and posted for trading at
the open on Thursday, Nov. 8,
2007, under the following
trading information:
Warrant symbol: HRG.WT
Warrant Cusip No.: 42979J 15 6
Trading currency: Canadian
dollars
Designated market-maker: Orion
Securities Inc.
Other markets: None
The listing covers warrants
forming part of the 32.3 million
units to be sold to the public
at a price of $3.10 per unit
pursuant to the terms of a short
form prospectus dated Oct. 31,
2007. Each unit consists of one
common share and one-half of one
warrant. Each whole warrant
entitles the holder to purchase
one common share of the company
at a price of $4 per share at
any time prior to 5 p.m.
(Toronto time) on the date that
is 36 months following the
closing of the offering. The
units will separate immediately
upon closing of the offering.
The warrants will be governed by
the terms of a warrant indenture
between the Equity Transfer &
Trust Co., as trustee. The
warrant indenture provides for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.
Details of the additional
listing of the common shares can
be found elsewhere in today's
Toronto Stock Exchange
bulletins.
- 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.
