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: 151 Hastings St W
Vancouver BC Canada V6B 1H4
Phone: 416 868 1669
Web Site: https://investors.rritual.com/
Warrant
Symbol - RSF.WT
Number Trading - 13,907,600
Expiration Date -
March 5, 2024
Cusip - 781073 11 9
Exercise Price - $0.60
Warrants called to trade news:
Rritual Superfoods closes $4-million bought deal
2021-09-10 08:39 MT - News Release
Rritual Superfoods Inc. has closed its previously announced bought deal public
offering and raised total gross proceeds of $4-million.
On Aug. 24, 2021, the company entered into an underwriting agreement for a
public offering of units of the company. On Sept. 3, 2021, the company obtained
a receipt for its final prospectus filed with the securities regulatory
authorities in the provinces of British Columbia, Alberta and Ontario. The
offering was underwritten by Clarus Securities Inc. Each unit consists of one
common share of Rritual and one-half common share purchase warrant. Each whole
warrant entitles the holder to purchase one common share of Rritual at a price
of 60 cents until March 5, 2024, subject to an acceleration provision. Pursuant
to the offering, Rritual issued an aggregate of eight million units at a price
of 0.50 cents per unit for total gross proceeds of $4-million. The company also
granted an overallotment option to the underwriter to purchase an additional 1.2
million units at 50 cents per unit, which may be exercised, in whole or in part,
within 30 days of the closing of the offering.
The warrants will be listed for trading on the Canadian Securities Exchange and
will have identical terms to the currently listed warrants trading under the
ticker symbol RSF.WT. In the event that the common shares trade on the CSE at a
price of $1.20 per common share or greater for a period of 10 consecutive
trading days following the closing of the offering, the company may accelerate
the expiry of the warrants by giving notice to the holders thereof by
disseminating a news release advising of the acceleration of the expiry date of
the warrants, and, in such case, the warrants shall expire on the 31st day after
the date of such notice. The warrants are governed by a warrant indenture dated
March 5, 2021, as amended by a supplemental warrant indenture dated Sept. 10,
2021, between the company and Odyssey Trust Company, as warrant agent.
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.
