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 - PYC.WT
Number Trading - 5,775,000
Expiration Date - June 30, 2014
Exercise Price - $7.50
Cusip -
Warrants called to trade news:
Primary to list 5.77 million
warrants on TSX June 30
2011-06-28 16:15 MT - Warrants
Called to Trade
Primary Corp. will list 5,775,000
warrants on the Toronto Stock
Exchange at the open on Thursday,
June 30, 2011, according to the TSX.
As in a June 23, 2011, news release,
Primary plans to sell 11.55 million
units at $6.50 each, raising
$75,075,000. Each unit consists of
one common share and one-half of one
share purchase warrant. Each whole
warrant is exercisable at $7.50 per
share before 5 p.m. (Toronto time)
on June 30, 2014. The exchange
reports the warrants will trade
under the symbol PYC.WT.
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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.
