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: 3200 - 605 5th Ave SW
Calgary AB Canada T2P 3H5
Phone: 403 269 4400
Fax: 403 269 4444
Web Site: https://www.rubelliteenergy.com
Warrant
Symbol - RBY.WT
Number Trading - 54,724,936
Expiration Date -
October 4, 2021
Cusip -
Exercise Price - $2.00
Warrants called to trade news:
Perpetual Energy, Rubellite close plan of arrangement
2021-09-03 13:45 ET - News Release
Pursuant to steps in the plan of arrangement and as previously announced,
Perpetual consolidated its common shares on the basis of 1,000 to one and
subsequently split the common shares on the same ratio. Shareholders who own a
number of common shares less than the ratio will be paid an amount in cash of
34.19 cents per common share, being the volume weighted average trading price of
the common shares on the Toronto Stock Exchange for the 20-day period prior to
the effective date. Based on the ratio, approximately 650,000 common shares will
be cancelled as a result of the consolidation and perpetual will pay an
aggregate of approximately $225,000 to the consolidated shareholders.
Rubellite warrants
Under the terms of the plan of arrangement, for every 46 common shares of
Perpetual held, shareholders (other than consolidated shareholders) will receive
one common share of Rubellite and 12 warrants to purchase Rubellite common
shares. Each Rubellite warrant entitles the holder to subscribe for one
Rubellite common share at a price of $2.00 per share until 4:30 p.m. (Calgary
time) on October 4, 2021. The Rubellite warrants effectively provide for a
"rights offering" whereby shareholders will have the equal opportunity to
purchase additional Rubellite common shares.
The Rubellite common shares and Rubellite warrants have been conditionally
approved for listing by the TSX. Trading in respect of the Rubellite common
shares and Rubellite warrants is expected to commence on or about Thursday,
Sept. 9, 2021, under the symbols RBY and RBY.WT, respectively.
We seek Safe Harbor.
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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.
