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 - LRR.WT
Number Trading - 4.52 million
Expiration Date - November 19, 2014
Cusip - 53566Q 11 5
Exercise Price - $3.00
Warrants called to trade news:
Linear Gold to list 4.52 million
warrants Nov. 19
2009-11-17 19:59 MT - Warrants
Called to Trade
TSX bulletin 2009-1516
Up to a total of 4,525,000 common
share purchase warrants of Linear
Gold Corp. will be listed and posted
for trading at the opening of
business on Thursday, Nov. 19, 2009,
under the following trading
information:
Symbol: LRR.WT
Cusip No.: 53566Q 11 5
Trading currency: Canadian
Designated market maker: Jitney
Trade Inc.
Other markets: None
Transfer agent: Computershare Trust
Company of Canada at its principal
offices in Toronto and Halifax
The warrants will be issued pursuant
to an offering by short-form
prospectus dated Nov. 12, 2009,
whereby up to 9.05 million units are
to be sold at a price of $2.10 per
unit. Each unit consists of one
common share of the company and
one-half of one warrant. Each whole
warrant will entitle the holder
thereof to acquire one Share at an
exercise price of $3 per share at
any time prior to 5 p.m. (Halifax
time) on the date which is five
years following the closing of the
offering, subject to adjustment. The
shares and the warrants comprising
the units will separate immediately
upon closing of the offering. The
closing of the offering is expected
to occur prior to the opening of
business on Thursday, Nov. 19, 2009.
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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.
