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 - PWV.WT
Number Trading -
Expiration Date - Feb. 15, 1999
Cusip - 694942 11 1
Warrants called to trade news:
1998-08-07 17:08 MT - New
Listing
The common shares, common share
purchase warrants and class A
preferred shares of PacWest Ventures
Ltd. will be posted for trading on
the ASE at the opening of business
on Aug. 11, 1998.
Common Shares
Stock symbol: PWV
Security code: ISM - 521 111
Cusip No: 694942 10 3
Transfer agent: Montreal Trust
Company
Agent: Taurus Capital Markets and
Matrix Financial
Wt symbol: PWV.WT
Wt security code: 907 769
Cusip No: 694942 11 1
Wt expiry terms: Each whole warrant
entitles the holder to purchase one
share at 60 cents up to Feb. 15,
1999.
Stock symbol: PWV.PR.A
Security code: ISM - 521 112
Cusip No: 694942 30 1
Terms: 7 per cent cumulative,
convertible, redeemable; these
shares are convertible to common
shares on the basis of four common
shares for each preferred share
converted prior to 5:00 p.m. Toronto
time, on the date that is 30 months
following the initial issue date,
three common shares for each
preferred share converted thereafter
and prior to 5:00 p.m. Toronto time
on the date that is five years
following the initial issue date and
two common shares in exchange for
each preferred share converted
thereafter. The shares are
redeemable by the company after the
seventh anniversary date of the
initial issue date unless during any
consecutive 20 trading day period
prior to the date upon which the
notice of redemption is given, the
arithmetic weighted average of board
lot prices for sales of common
shares on each day on the applicable
stock exchange is not less than 120
per cent of the amount determined by
dividing the issue price per
preferred share by the conversion
rate then in effect.
- 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.
