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 - ORR.WT
Number Trading - 2.5 million
Expiration Date - Nov. 17, 2008
Cusip - 687083 11 3
Exercise Price - $0.75
Warrants called to trade news:
Oromonte rolls back, begins
trading as Georox Aug. 26
2008-08-25 11:50 MT - News Release
Oromonte Resources Inc. has
implemented its previously approved
share consolidation on a
one-for-three basis and a name
change to Georox Resources Inc. The
share consolidation and name change
were approved at the company's
annual and special meeting of
shareholders held on June 30, 2008,
with 86.9 per cent of the votes cast
in favour of the consolidation and
name change.
Effective at the market opening Aug.
26, 2008, the company's common
shares and common-share purchase
warrants currently listed on the TSX
Venture Exchange under the symbols
ORR and ORR.WT, respectively, will
commence trading under the new name
Georox Resources under the new
symbols GXR and GXR.WT,
respectively, and on a
postconsolidation basis.
Prior to the consolidation, the
company had issued capital of
30,703,553 common shares and
30,703,553 common shares on a fully
diluted basis. As a result of the
consolidation, the company has
approximately 10,234,518 common
shares outstanding and approximately
10,234,518 common shares on a fully
diluted basis. Outstanding common
share purchase warrants and stock
options have been adjusted to
reflect the consolidation and notice
of the consolidation and the
adjustments will be provided to
holders of common share purchase
warrants on Aug. 26, 2008.
The board of directors believes that
the anticipated higher share price
resulting from the consolidation
will assist in generating investor
interest. There can be no assurance
that any increase in the market
price per common share will result
from the consolidation and there is
no assurance that a higher share
price will generate increased
investor interest.
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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.
