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 - NAF.WT.A
Number Trading - 700,000
Expiration Date - July 5 1993
Cusip - 656905 11 4
Warrants called to trade news:
1993-01-08 15:58 MT -
Warrants Called to Trade
Further to the VSE notice dated
January 5 1993, effective at the
opening January 11 1993, the series
A warrants will be called for
trading, the company having provided
a warrant Cusip number (656905 11
4), and having met satisfactory
distribution requirements.
1993-01-04 16:09 MT - SMF
Date Price Fixed
Effective date: December 10 1992
Offering date: January 5 1993
Expiry date: June 9 1993
Offering: 700,000 units consisting
of one share and one A warrant
Price: $0.80
Wt to buy one share: Two
Wt exercise price: $0.80
Wt expiry date: July 5 1993
Agents: Canaccord
Agents Wt: For 350,000 shares
Wt exercise price: $0.80
Wt expiry date: July 5 1993
Greenshoe: Maximum of 105,000
shares at $0.74 to March 8 1993
Transfer agent: Montreal Trust
Wt trading symbol: NAF.WT.A
Wt Cusip No: Tba
Unit security No: 864467
- 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.
