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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Address: 105 - 9955 De Catania Ave
Brossard QC J4Z 3V5
Phone: 450 678 5277
Fax: 450 678 8095
Website - https://www.railpower.com/
Warrant Symbol - P.WT
Number Trading - 15,000,000
Expiration Date - Feb. 12, 2010
Cusip - 750758 11 2
Exercise Price - $1.25
Warrants called to trade news:
RailPower to list 15 million
warrants on Feb. 13
2007-02-09 20:21 ET - Warrants
Called to Trade
TSX bulletin 2007-0187
A total of 15 million common share
purchase warrants of Railpower
Technologies Corp. will be listed
and posted for trading at the open
on Tuesday, Feb. 13, 2007, under the
following information:
Warrant symbol: P.WT
Warrant Cusip No.: 750758 11 2
Designated market-maker: BMO Nesbitt
Burns Inc.
Other markets: None
Transfer agent: Computershare Trust
Co. of Canada at its principal
offices in Montreal and Toronto. The
warrants will be issued pursuant to
short form prospectus dated Feb. 6,
2007, whereby 30 million units are
to be sold at a price of $1 per
unit. Each unit comprises one common
share and one-half warrant. Each
whole warrant entitles the holder to
purchase one additional common share
of the company at a price of $1.25
at any time prior to 4:30 p.m.
(Toronto time) on Feb. 12, 2010. The
common shares and the warrants
comprising the units will separate
immediately upon closing of the
offering. The closing of the
offering is expected to occur prior
to the open on Tuesday, Feb. 13,
2007. The warrants will be governed
by the terms of a warrant indenture
to be dated Feb. 13, 2007, between
the company and Computershare Trust
Co. of Canada, as trustee. The
warrant indenture will provide
for appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms of
capital reorganization.
Details of the additional listing of
the common shares can be found
elsewhere in today's bulletins.
- 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.
