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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Website -
https://www.pure-diamonds.ca/s/Home.asp
Warrant Symbol - PUG.WT.A
Number Trading - 5,753,984
Expiration Date - April 7, 2006
Cusip - 745911 19 8
Warrants called to trade news:
Pure Gold Series A warrants
to trade on May 5
2005-05-03 19:40 ET - Warrants
Called to Trade
TSX bulletin 2005-0498
A total of 5,753,984 Series A
warrants of Pure Gold Minerals Inc.
will be listed and
posted for trading at the open on
Thursday, May 5, 2005, under the
following trading
information:
Warrant symbol: PUG.WT.A
Warrant Cusip No.: 745911 19 8
Designated market-maker: Orion
Securities Inc.
Other markets: None
The Series A warrants were issued in
connection with a recently completed
rights
offering by the company whereby
shareholders had the right to
purchase units, each
unit consisting of one common share
and one-half of a Series A warrant.
Details of
the rights offering were contained
in the Toronto Stock Exchange
bulletin 2005-0224
dated Feb. 25, 2005. Each whole
Series A warrant entitles the holder
to purchase
one common share of the company at a
price of 10 cents per common share
until 4
p.m. (local time) on April 7, 2006.
The Series A warrants are governed
by the terms of a warrant indenture
dated as of
Feb. 18, 2005, between the company
and Computershare Trust Company of
Canada, as trustee. The warrant
indenture provides for appropriate
adjustments to
the Series A 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.
