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 - CXP.WT
Number Trading - 2.700,000
Expiration Date - June 18, 2003.
Cusip - 664903 14 3
Warrants called to trade news:
Northern Crown to list 2.7
million warrants on June 28
2002-06-27 17:00 ET - Warrants
Called to Trade
Further to the TSX Venture bulletins
dated June 12 and June 14, 2002,
effective at the opening June 28,
2002, the non-flow-through share
purchase warrants of the company
will commence trading on TSX Venture
Exchange. The company is classified
as a mining (non-oil and gas)
exploration/development company.
Corporate jurisdiction: British
Columbia
Capitalization: 2.7 million
non-flow-through share purchase
warrants of which 2.7 million
non-flow-through share purchase
warrants are issued and outstanding
Transfer agent: Computershare Trust
Company of Canada
Trading symbol: CXP.WT
Cusip No.: 664903 14 3
The warrants were issued pursuant to
a short form offering document dated
June 10, 2002, under which 1.35
million non-flow-through units were
issued. Two non-flow-through share
purchase warrants entitle the holder
to purchase one non-flow-through
share at a price of 35 cents per
share for a one-year period ending
June 18, 2003.
- 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.
