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 - PXX.WT
Number Trading -
Expiration Date - August 16 1996
Cusip - 70330R 11 2
Warrants called to trade news:
1994-10-26 16:06 MT - New
Listing
Also Miscellaneous (C-PXX) Patrician
Gold Mines Ltd
The ASE has received notification
that the separation date for the
Patrician Gold Mines units has been
fixed at October 31 1994. The
holders of units at the close
October 31 1994 will be entitled to
receive one common share and one
warrant for each unit held.
The common shares and warrants will
be posted for trading on the ASE at
the opening November 1 1994.
COMMON SHARES
Stock symbol: PXX
Security code: ISM-530 750;
WCCC-530 740
Cusip No: 70330R 10 4
Transfer agent: The R-M Trust
Company
Stock symbol: PXX.WT
Security code: ISM-907 832;
WCCC-907 827
Cusip No: 70330R 11 2
Exercise price: One warrant
entitles the holder to purchase one
common share at $1.25 after October
31 1994 until 5:00 pm August 16 1996
Expiry date: august 16 1996
Cash trading date: august 9 1996
Transfer agent: The R-M Trust
Company
- 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.
