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: 2200 - 200 Bay St
Toronto ON M5J 2J1
Phone: 416 306 6010
Fax: 416 214 9211
Website -
https://www.marklandstreet.com
Warrant Symbol - MPM.WT
Number Trading - 1,235,000
Expiration Date - July 10, 2010
Cusip - 570655 11 8
Exercise Price - $10.25
Warrants called to trade news:
Markland AGF Precious
Metals Corp. Closes
Over-Allotment Option
Toronto, August 29, 2007 (TSX:
MPM.UN) – Markland Street Asset
Management Inc. (“Markland”) is
pleased to announce that
Markland AGF Precious Metals
Corp. (the “Company”) has
completed the issuance of an
additional 120,000 units (the
“Units”), each consisting of one
equity share and one-half of an
equity share purchase warrant at
a price of $10.00 per Unit for
total gross proceeds of $1.2
million. The issuance was
pursuant to the exercise by the
agents of their over-allotment
option with respect to the
Company’s recently completed
initial public offering.
Including the over-allotment
option, the total gross proceeds
raised by the Company is $24.7
million.
Effective as of the opening of
trading on the Toronto Stock
Exchange today, the Units, which
have been trading as stapled
units under the symbol MPM.UN,
will separate into feely
tradable equity shares and
warrants under the symbols MPM
and MPM.WT respectively. The
warrants are exercisable on July
30, 2010 at an exercise price of
$10.25.
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- 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.
