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 - PPX.WT
Number Trading - 2,083,335
Expiration Date - January 13, 2012
Cusip - 74270V 11 7
Exercise Price - $3.25
Warrants called to trade news:
Pristine Power to list 2.08
million warrants
2010-01-05 17:09 MT - Warrants
Called to Trade
TSX bulletin 2010-0010
A total of 2,083,335 common share
purchase warrants of Pristine Power
Inc. will be listed and posted for
trading at the opening on Thursday,
Jan. 7, 2010, under the following
trading information:
Symbol: PPX.WT
Cusip No.: 74270V 11 7
Designated market-maker: Raymond
James Ltd.
Other markets: None
The listing covers warrants forming
part of 4,166,670 units sold to the
public at a price of $2.40 per unit
pursuant to the terms of a
short-form prospectus dated Dec. 30,
2009. Each unit consists of one
common share and one-half of a
warrant. The units will separate
immediately upon closing of the
public offering.
Each warrant entitles the holder to
purchase one common share of the
company at a price of $3.25 per
share at any time prior to 5 p.m.
(Calgary time) on Jan. 13, 2012.
The warrants are governed by the
terms of a warrant indenture to be
dated Jan. 7, 2010, between the
company and Olympia Trust Company as
trustee. The warrant indenture
provides for appropriate adjustments
to the warrants in the event of
stock dividends, subdivisions,
consolidations and other forms of
capital reorganization.
- 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.
