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
Quick Links:
Back to Home Page Back to Warrant Sheets
Back to Expired Warrants
Northern Vertex has board
OK for rollback, name change
Northern Vertex name
change to Elevation Gold, rollback
Northern Vertex warrants
to trade March 9
Address: 1650 - 1075 Georgia St W
Vancouver BC Canada V6E 3C9
Phone: 604 601 5653
Fax: 604 683 2249
Web Site: https://www.northernvertex.com
Warrant Symbol - NEE.WT
Number Trading -
22,559,500
Expiration Date -
January 14, 2023
Exercise Price - $0.80
Cusip - 666006 12 7
Warrants called to trade news:
2021-09-08 14:39 ET -
News Release
Northern Vertex Mining Corp.'s
board of directors has authorized
a consolidation of the issued and
outstanding common shares of the
company on the basis of one
postconsolidation common share for
every six preconsolidation common
shares and a change of the
company's name from Northern
Vertex Mining Corp. to Elevation
Gold Mining Corp. Prior to, or
concurrently with, the
consolidation, Northern Vertex
will be cancelling approximately
19.5 million common shares that
are held in treasury related to
the merger with Eclipse Gold
Mining Corp. on Feb. 12, 2021.
After completion of the
consolidation, the common shares
will begin trading on the OTCQX
platform for United
States-based investors.
After cancellation of the merger
shares, the remaining
approximately 364.9 million common
shares issued and outstanding will
be reduced to approximately 60.8
million postconsolidation common
shares prior to rounding for
fractional shares. No fractional
shares will be issued under the
consolidation. Any fractional
shares equal to or greater than
one-half resulting from the
consolidation will be rounded up
to the next whole number of common
shares, and any fractional shares
less than one-half resulting from
the consolidation will be rounded
down to the nearest whole number.
The exercise or conversion price
and the number of shares issuable
under the company's outstanding
stock options and convertible
instruments will be
proportionately adjusted upon
completion of the consolidation,
including, but not limited to, the
common share purchase warrants of
the company expiring on Jan. 14,
2023, which were issued pursuant
to a warrant indenture dated Feb.
12, 2021, between the company and
Computershare Trust Company of
Canada and are listed on the TSX
Venture Exchange under the symbol
NEE.WT.
We seek Safe Harbor.
© 2022 Canjex Publishing Ltd. All
rights reserved.
2021-09-22 16:51 ET -
Change Name, Roll Back Shares
Pursuant to a directors resolution
dated Sept. 3, 2021, the company
has consolidated its capital on a
one-new-for-six-old basis. The
name of the company has also been
changed as follows.
Effective at the opening, Sept.
24, 2021, the common shares and
warrants of Elevation Gold Mining
Corp. will commence trading on the
TSX Venture Exchange.
Postconsolidation
Trading symbol: ELVT.WT (new)
Cusip No.: 28623W 11 5 (new)
Every six whole warrants are
exercisable to acquire one
postconsolidated common share for
an exercise price of $4.80 per
postconsolidated common share and
the warrants may only be exercised
in a sufficient number to acquire
whole numbers of postconsolidation
common shares.
© 2022 Canjex Publishing Ltd. All
rights reserved.
2021-03-05 16:57 MT -
Warrants Called to Trade
Effective at the opening, Tuesday,
March 9, 2021, the common share
purchase warrants of Northern
Vertex Mining Corp. will commence
trading on the TSX Venture
Exchange.
Corporate jurisdiction: British
Columbia
Capitalization on warrants:
22,559,500 warrants with no par
value, of which 22,559,498
warrants are issued and
outstanding
Warrant trading symbol: NEE.WT
(new)
Warrant Cusip No.: 666006 12 7
(new)
The warrants were issued in
connection with a recent
arrangement undertaken between
Northern Vertex Mining and Eclipse
Gold Mining Corp. Please refer to
the TSX Venture Exchange bulletin
dated Feb. 16, 2021 (joint
Northern Vertex Mining and Eclipse
Gold Mining bulletin) as well as
the news releases dated Jan. 14,
2021, and March 5, 2021.
Each warrant entitles the holder
to purchase one common share of
Northern Vertex Mining at a price
of 80 cents per share and will
expire on January 14, 2023.
© 2021 Canjex Publishing Ltd. All
rights reserved.
- 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.
