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 - IMZ.WT
Number Trading - 4.75 million
Expiration Date - May 19, 2008
Cusip - 459875 11 8
Exercise Price - $6.88
Warrants called to trade news:
Int'l Minerals to list 4.75
million warrants May 19
2006-05-17 18:25 MT - Warrants
Called to Trade
TSX bulletin 2006-0604
A total of 4.75 million common share
purchase warrants of International
Minerals Corp. will be listed and
posted for trading at the open on
May 19,
2006, under the following trading
information:
Warrant symbol: IMZ.WT
Warrant Cusip No.: 459875 11 8
Trading currency: Canadian dollars
Designated market-maker: W.D.
Latimer Co. Ltd.
Other markets: None
The warrants are being issued in
connection with a prospectus
offering of
units by the company, each unit
consisting of one common share and
one-half
of a warrant. Each whole warrant
entitles the holder to purchase one
additional common share of the
company at a price of $6.88 per
share for a
period of 24 months after the
closing of the offering.
The warrants will be governed by the
terms of a warrant indenture between
the company and Computershare Trust
Company of Canada, as warrant agent.
The
warrant indenture will provide for
appropriate adjustments to the
warrants
in the event of stock dividends,
subdivisions, consolidations and
other
forms of capital reorganization.
Please see elsewhere in today's
bulletins for information regarding
the
additional listing of common shares
of the company.
- 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.
