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: 6425 Abrams Ville
St-Laurent QC Canada H4S 1X9
Phone: 514 331 7440
Fax: 514 331 0436
Web Site: https://www.intelgenx.com
Warrant
Symbol - IGX.WT
Number Trading - 16,317,000
Expiration Date -
March 5, 2024
Cusip - 45822R 11 9
Exercise Price - $0.75
Warrants called to trade news:
IntelGenx Technologies to trade on TSX Oct. 7
2021-10-05 17:55 MT - New Listing
The Toronto Stock Exchange reports that IntelGenx Technologies Corp. will be
listed and posted for trading at the open on Oct. 7, 2021. According to the TSX,
there will be 150,627,762 common shares, 16,317,000 share purchase warrants and
$7,011,000 of 8 per cent convertible unsecured subordinated debentures issued
and outstanding, with 93,427,229 shares reserved for issuance. The shares will
trade under the symbol IGX and Cusip No. 45822R 10 1, the warrants will trade
under the symbol IGX.WT and Cusip No. 45822R 11 9, and the debentures will trade
under the symbol IGX.DB and Cusip No. 45822R AA 9.
As stated in the warrant indenture dated Feb. 11, 2020, the company's warrants
are exercisable at 75 cents per share until 5 p.m. Toronto time on Feb. 11,
2023. As stated in the second supplemental trust indenture dated June 25, 2020,
the debentures have a maturity date of June 30, 2022, and pay interest
semi-annually on June 30 and Dec. 31 in each year at 8 per cent per year. The
next interest payment amount of $40 per $1,000 principal amount of debentures is
payable on Dec. 31, 2021. The debentures are convertible into shares of the
company at 50 cents per share.
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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.
