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 - OFS.WT
Number Trading - 12,945,000
Expiration Date - September 30, 2010
Cusip - 67088K 11 7
Exercise Price - $11.50
Warrants called to trade news:
O'Leary Founder's to list units,
warrants Nov. 6
2009-11-04 07:07 MT - New Listing
TSX bulletin 2009-1358
Further to Toronto Stock Exchange
bulletin 2009-1358, dated Oct. 21,
2009, which describes an initial
public offering of the combined
units of the fund, the transferable
trust units and unit purchase
warrants, comprising the combined
units, will trade separately
commencing at the opening on Friday,
Nov. 6, 2009, at which time the
combined units (symbol: OFS.A) will
be halted and delisted at the close
of business that day.
Under the trading information set
out below: (i) 25.89 million units
will be listed, of which 12,945,000
units will be issued and outstanding
and 12,945,000 units will be
reserved for issuance; and (ii)
12,945,000 warrants will be listed,
all of which will be issued and
outstanding.
Units
Stock symbol: OFS.UN
Cusip No.: 67088K 10 9
Trading currency: Canadian
Warrants
Stock symbol: OFS.WT
Cusip No.: 67088K 11 7
Trading currency: Canadian
Temporary market maker: Byron
Securities Ltd.
CDS Clearing and Depository Services
Inc. will record the CDS
participants who hold units and
warrants on behalf of owners who
have purchased or transferred units
and warrants in accordance with the
book-based system. Certificates
evidencing units or warrants will
not be issued unless a request for a
certificate is made to the fund. As
the units and warrants will trade in
the book-based system of CDS,
shareholders need not take any
action with respect to receiving the
units and warrants upon the
separation of the combined units.
Additional information on the units
and the warrants can be found in the
fund's prospectus dated Sept. 28,
2009, which is available at SEDAR.
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- 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.
