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: 1505 - 330 Bay St
Toronto ON M5H 2S8
Phone: 416 861 0851
Fax: 416 861 1925
Warrant Symbol - MAR.WT
Number Trading - 2,175,000
Expiration Date - April 17, 2010
Cusip - 565851 14 4
Exercise Price - 6.00
Warrants called to trade news:
Marathon PGM to list 2,175,000
warrants on April 17
2008-04-15 16:25 MT - Warrants Called to
Trade
TSX bulletin 2008-0412
The common share purchase warrants in
respect of 2,175,000 common shares will
be listed and posted for trading at the
open on Thursday, April 17, 2008, under
the following trading information:
Warrant symbol: MAR.WT
Cusip No.: 565851 14 4
Trading currency: Canadian dollars
Designated market-maker: Desjardins
Securities Inc.
Other markets: None
The warrants will be issued in
connection with a prospectus offering of
units at $4.60 per unit, each unit
comprising one common share and one-half
warrant. See elsewhere in today's
Toronto Stock Exchange bulletins for
further information regarding the
prospectus offering of units.
Each whole warrant entitles the holder
to purchase one common share of the
company at a price of $6 per share until
5 p.m. (Toronto time) on April 17, 2010.
The warrants will be governed by the
terms of a warrant indenture to be dated
April 17, 2008, between the company and
CIBC Mellon Trust Co., as the warrant
agent. The warrant indenture provides
for appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions, consolidations
and other forms of capital
reorganization.
- 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.
