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 - MEX.WT
Number Trading - 5,000,000
Expiration Date -
Cusip - 589573 11 2
Warrants called to trade news:
Meridex prospectus filed;
offering date fixed
2000-02-01 16:57 MT - EOP Date Fixed
The company's exchange offering
prospectus dated Jan. 25, 2000, has
been filed with and accepted by the
Vancouver Stock Exchange, and filed
with and receipted by the British
Columbia Securities Commission on
Jan. 28, 2000. The exchange has also
been advised of the offering day.
Effective date: Jan. 28, 2000
Offering date: Feb. 1, 2000
Expiry date: April 27, 2000
Offering: 2.5 million units; each
unit consisting one share and two
share purchase warrants
Unit price: 80 cents
Unit trading symbol: MEX.UN
Unit Cusip No: 589573 9V 8
Wt trading symbol: MEX.WT
Wt Cusip No: 589573 11 2
Wt exercise price: $1.20
Wt term: Two share purchase
warrants to purchase one share for
one year. Unexercised warrants will
expire 30 days after an average of
30,000 shares per day have traded at
a weighted average trading price of
$1.80 or more for 20 consecutive
trading days.
Agent: Canaccord Capital Corp.
Agent's Wt: 500,000 warrants to
acquire 500,000 shares at 80 cents
for one year
Agent's commission: 8 per cent
Greenshoe: Up to 15 per cent for 60
days
- 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.
