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 - IMM.WT.A
Number Trading - 1,500,000
Expiration Date - August 1 1996
Cusip - 452925 11 8
Warrants called to trade news:
1996-04-26 16:44 MT - SMF
Approved
The company's SMF dated April 26
1996 has been filed with and
accepted by the BCSC and the VSE.
Effective date: April 29 1996
Offering date: Tba
Expiry date: August 1 1996
Offering: 1,500,000 units. Each
unit consisting of one share and one
series A share purchase warrants.
Unit price: $0.55
Wt exercise price: $0.55 per share
Wt term: Two series A warrants to
purchase one share for six months
Agent: Yorkton Securities
Agents' Wts: 750,000 share purchase
warrants, exercisable on the same
basis as the series A entitling the
agent to purchase up to 375,000
shares at $0.55 per share for six
months from the offering date except
two warrants are required to
purchase one share.
Agents' commission: 7%
Greenshoe option: Up to 15% for 60
days
Wt trading symbol: IMM.WT.A
Wt security No: 895642
Cusip No: 452925 11 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.
