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 - MCW.WT
Number Trading - 4,212,711
Expiration Date - September 12 1999
Cusip - 582905 12 1
Warrants called to trade news:
1998-03-09 03:38 MT -
Warrants Called to Trade
The TSE advises that a total of
4,212,711 warrants of McWatters
Mining will be posted for trading on
the TSE at the opening of business
on Tuesday, March 10 1998 pursuant
to the separation of the McWatters'
units (Symbol: MCW.UN) which is
described elsewhere in today's
exchange bulletins.
Each unit is comprised of one common
share of McWatters and 0.275 of a
warrant. Each whole warrant entitles
the holder to acquire one common
share of McWatters at $2.50 on or
before 5:00 pm (Toronto time) on
September 12 1999. No certificates
for fractional warrants will be
issued. A holder who holds a number
of warrants that includes a fraction
will not be entitled to any cash or
other consideration in lieu of any
fractional interest in a warrant.
The warrants will be represented by
a global certificate registered in
the name of, and held by, The
Canadian Depository for Securities
(CDS). Individual warrant
certificates will not be issued.
Warrants must be purchased,
transferred or sold directly through
a participant in the CDS Book-Entry
System.
Symbol: MCW.WT
Cusip No. 582905 12 1
Other Markets: The Montreal
Exchange
- 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.
