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 - LVR.WT
Number Trading - 10,000,000
Expiration Date -
Cusip - 517929 11 3
Warrants called to trade news:
1994-05-26 10:30 MT - New
Listing
An application has been granted for
the original listing on the TSE in
the oil and gas category of
31,917,218 shares of which
18,346,518 will be issued and
outstanding, and 13,570,700 will be
reserved for issuance upon
completion of a public offering. An
application has also been granted
for the listing of 10,000,000
warrants all of which will be issued
and outstanding. The public offering
is anticipated to close on May 30
1994. The common shares and
warrants, other than those which
have not been distributed to the
public, will be listed and posted
for trading on or before October 31
1994.
Symbol: LVR.WT
Cusip No: 517929 11 3
- 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.
