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 - NR.WT
Number Trading - 1,875,000
Expiration Date - July 26, 2007
Cusip - 652508 11 0
Warrants called to trade news:
Newstrike Resources to list
on TSX-V on Aug. 8
2005-08-05 16:17 ET - Prospectus
Approved
The company's initial public
offering prospectus dated July 21,
2005, has been filed with and
accepted by the TSX Venture
Exchange, and filed with and
receipted by the British Columbia,
Alberta
and Ontario securities commissions
on July 25, 2005, pursuant to the
provisions of the British Columbia,
Alberta and Ontario securities acts.
The gross proceeds received by the
company for the offering were
$1.15-million (1,875,000 units (each
unit consists of one common share
and one warrant) and one million
flow-through shares at 40 cents per
share). The company is classified as
a mining company.
Commence date: At the opening, Aug.
8, 2005, the common shares and
warrants will commence trading on
the TSX Venture Exchange
Corporate jurisdiction: Ontario
Capitalization: Unlimited common
shares with no par value, of which
9,275,000 common shares are issued
and outstanding
Escrowed shares: 5,457,500 common
shares
Transfer agent: Equity Transfer
Services Inc.
Trading symbol: NR
Cusip No.: 652508 10 2
Agent: Jones Gable and Company
Limited
Capitalization on warrants:
1,875,000 warrants issued and
outstanding
One share purchase warrant entitles
the holder to purchase one common
share at 60 cents until 24 months
following the closing date.
Warrant trading symbol: NR.WT
Warrant Cusip No.: 652508 11 0
Agent's warrants: 201,250
non-transferable share purchase
warrants. One warrant entitles the
holder to purchase one unit at 40
cents per unit up to one year from
the date of issuance.
For further information, please
refer to the company's prospectus
dated July 21, 2005.
- 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.
