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: 100 - 15 Golden Square
London W1F 9JG
Phone: 44 0 20 7440 5800
Fax: 44 0 20 7440 5801
Website -
https://www.katangamining.com/
Warrant Symbol - KAT.WT
Number Trading - 4.6 million
warrants
Expiration Date - November 20,
2011
Cusip - G5221G 11 7
Exercise Price - $8.50
Warrants called to trade news:
Katanga Mining to list
4.6 million warrants on Nov. 20
2006-11-17 15:45 ET - Warrants
Called to Trade
The following trader note was
released by the Toronto Stock
Exchange at 1:55 p.m.
on Friday, Nov. 17, 2006:
A total of 4.6 million common
share purchase warrants of
Katanga Mining Ltd. will
be listed and posted for trading
at the open on Monday, Nov. 20,
2006, under the
following trading information:
Warrant symbol: KAT.WT
Warrant Cusip No.: G5221G 11 7
Warrant currency: Canadian
dollars
Designated market-maker:
Independent Trading Group
Other markets: None
The listing covers warrants
forming part of 115,000 units
sold to the public at a price
of $1,000 per unit pursuant to
the terms of a short form
prospectus dated Nov. 10,
2006. Each unit consists of a
face value $1,000 principal
amount unsecured
subordinated note and 40
warrants. The units will
separate immediately upon
closing of the public offering.
Each warrant entitles the holder
to purchase one
common share of the company at a
price of $8.50 per share at any
time prior to 5 p.
m. (Toronto time) on the date
that is five years from the
closing of the offering. The
warrants are governed by the
terms of a warrant indenture to
be dated Nov. 20,
2006, between the company and
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 supplemental
listing of notes are contained
elsewhere in today's
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.
