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: 1700 - 130
Adelaide St W
Toronto Ont Canada M5H 3P5
Phone: 416 583 1692
Web Site: https://www.lxrco.com
Warrant Symbol - LXR.WT
Number Trading - 10,861,250
Expiration Date - June 9, 2022
Cusip - 550789 11 9
Exercise Price - $11.50
Warrants called to trade news:
Gibraltar Growth name change to
LXRandCo
2017-06-12 17:36 MT - New
Listing
The Toronto Stock Exchange
reports that Gibraltar Growth
Corp. has closed its qualifying
acquisition of LXR Produits de
Luxe Internationale Inc. and the
concurrent private placement of
2.5 million Class B shares at
$10. According to the TSX, the
company has also changed its
name to LXRandCo Inc. Effective
at the open on June 14, 2017,
the LXRandCo shares will begin
trading on the TSX under the
symbol LXR and Cusip No. 550789
10 1, and the LXRandCo warrants
will trade under the symbol
LXR.WT and Cusip No. 550789 11
9. There will be 13,044,848
shares and 10,861,250 warrants
of LXRandCo issued and
outstanding, with 12,737,664
shares reserved for issuance.
The TSX reports that LXRandCo is
an international omnichanel
retailer of branded vintage
luxury handbags and accessories.
The company does not plan on
paying dividends, it has a
fiscal year-end of Dec. 31, and
its transfer agent and registrar
is JitneyTrade Inc. According to
the TSX, each LXRandCo warrant
will be exercisable at $11.50
per share until 5 p.m. Toronto
time on June 9, 2022, the day
that is five years following the
closing of the qualifying
acquisition.
© 2017 Canjex Publishing Ltd.
All rights reserved.
Gibraltar Growth to
acquire LXR Produits de Luxe as
QA
2017-04-13 13:45 MT -
News Release
A copy of the purchase agreement
as well as an investor
presentation will be filed on
SEDAR shortly. The boards of
directors of each of Gibraltar
Growth and LXR have approved the
transaction and determined that
it is fair and in the companies'
respective best interests.
Completion of the acquisition is
currently expected to occur in
June, 2017. Following the
closing, it is Gibraltar
Growth's intention to rename
itself as LXRandCo Inc. It is a
condition of closing that the
Class B shares and the warrants
be listed on the TSX. Gibraltar
Growth has reserved the symbols
LXR and LXR.WT, respectively,
for the Class B shares and
warrants.
Gibraltar Growth restricted
securities to begin trading
- 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.
