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 - ITM.WT.A
Number Trading - 2,250,000
Expiration Date - March 17 1997
Cusip - 45764B 11 4
Warrants called to trade news:
1995-03-16 15:30 MT - New
Listing
Further to VSE notice March 1 1995,
the company has now completed its
initial distribution of securities
to the public. The gross proceeds
received by the company for the
offering (2,250,000 units at $0.80)
were $1,800,000.
Effective date: At the open March
17 1995 the common shares and series
A warrants will be posted and called
for trading on the VSE.
Jurisdiction: Ontario,
extra-provincially registered in BC.
Capitalization: Unlimited shares
with no par value of which 7,762,500
shares are issued.
Escrow: 1,500,000
Transfer agent: Montreal Trust
Company
Symbol: ITM
Security No: 342720
Cusip No: 45764B 10 6
Sponsor member: Canaccord Capital
Cap on warrants: 2,250,000 series A
warrants with no par value;
2,250,000 series A warrants issued.
Wt symbol: ITM.WT.A
Wt security No: 896455
Wt cusip No: 45764B 11 4
Unit security No: 857133
Agent's Wts: 225,000
non-transferable warrants. One
warrant to purchase one share at
$1.00 up to March 17 1996 and at
$1.50 up to March 17 1997.
- 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.
