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
Website -
Click to add
Warrant Symbol - OCE.WT.R
Number Trading - 2,500,000
Expiration Date -
Cusip - 67551T 12 4
Warrants called to trade news:
New issue of redeemable
warrants admitted to trading
1992-12-08 20:52 MT - Miscellaneous
The Montreal exchange reports
2,500,000 redeemable warrants to
purchase class B subordinate voting
shares of the company and 5,000,000
additional class B subordinate
voting shares will be listed and
admitted to trading on the exchange
at the opening of business on
December 11 1992.
This listing is made in connection
with a distribution by the company
of 5,000,000 units pursuant to a
prospectus dated August 24 1992,
each unit consisting of one class B
share and one-half of one redeemable
warrant.
The additional class B shares and
the redeemable warrants comprising
the units were issued following the
exercise of special warrants of the
company previously issued by the
company pursuant to an underwriting
agreement dated as of June 4 1992
between the company and Gordon
Capital, First Marathon Securities,
Midland Walwyn Capital, Research
Capital and Loewen, Ondaatje,
McCutcheon & Company.
Each special warrant was issued at
$6.50 and entitled the holder, upon
exercise and without payment of any
additional consideration, to be
issued one unit, consisting of one
class B share and one-half of one
redeemable warrant. The units in
question were immediately severable
upon exercise of the special
warrants.
A total of 2,500,000 additional
class B shares, reserved for
issuance upon exercise of the
redeemable warrants, shall also be
added to the trading list of the
exchange.
Symbol: OCE.WT.R
Cusip No: 67551T 12 4
- 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.
