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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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Website - https://www.xnord.com/

680 - 1010 de la Gauchetiere,
Place du Canada
Montreal QC H3B 2N2
Phone: 514 866 6500
Fax: 514 866 3799

Warrant Symbol - MDN.WT
Number Trading - 19.17 million warrants
Expiration Date - Jan. 14, 2009
Cusip - 55276L 11 2
Exercise Price - $1.00

Warrants called to trade news:




Northern Mining calls 19.17 million warrants to trade

2004-05-13 19:40 ET - Warrants Called to Trade
TSX bulletin 2004-0489
A total of 19.17 million common share purchase warrants of Northern Mining
Explorations, of which 18 million are issued and outstanding, will be listed and
posted for trading at the open on Monday, May 17, 2004, under the following
information:

Warrant symbol: MDN.WT
Warrant Cusip No.: 301906 12 9

Designated market-maker: J.F. Alain National Bank Financial Inc.
Other markets: None
Transfer agent: Computershare Trust Company of Canada at its principal offices in
Montreal and Toronto

The warrants were issued pursuant to a brokered private placement of subscription
receipts completed on Jan. 14, 2004, whereby a total of 18 million units were issued
and 1.17 million units were reserved for issuance. Each unit comprises one
common share and one warrant. Each warrant entitles its holders to purchase one
additional common share of the company at a price of $1.00 per share at any time
prior to 5 p.m. (Montreal time) on Jan. 14, 2009. The warrants are governed by the
terms of a warrant indenture dated Jan. 14, 2004, between the company and
Computershare Trust Company of Canada, as trustee. The warrant indenture
provides for appropriate adjustments to the warrants in the event of stock dividends,
subdivisions, consolidations and other forms of capital reorganization.
















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Warrant Terms
  • 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.
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