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: 800 - 1281 Georgia St W
Vancouver BC V6E 3J7
Phone: 604 669 4775
Fax: 604 669 5330
Warrant Symbol - RDV.WT
Number Trading - 110,011,325
Expiration Date - July 10, 2009
Cusip - 757268 16 4
Exercise Price - $0.65
Warrants called to trade news:
Redcorp to list 110,011,325
warrants on July 10
2007-07-06 18:30 MT - Warrants
Called to Trade
TSX bulletin 2007-0969
Common share purchase warrants in
respect of 110,011,325 common shares
of Redcorp Ventures Ltd. will be
listed and posted for trading at the
open on Tuesday, July 10, 2007,
under the following trading
information:
Stock symbol: RDV.WT
Cusip No.: 757268 16 4
Trading currency: Canadian dollars
Designated market-maker: National
Bank Financial Inc.
Other markets: None
The warrants will be issued as part
of an offering by the company of
220,022,650 E units at a price of 50
cents per E unit, pursuant to the
terms of a short form prospectus
dated July 5, 2007. Each E unit will
consist of one common share and
one-half of one warrant. The E units
will separate into their component
parts at the closing of the
prospectus offering.
Each warrant entitles the holder to
purchase one common share of the
company at a price of 65 cents per
share for a period of 24 months from
the closing of the offering.
The warrants will be governed by the
terms of a warrant indenture to be
dated July 10, 2007, between the
company and CIBC Mellon Trust Co. as
trustee. The warrant indenture
provides for appropriate adjustments
to the warrants in the event of
stock dividends, subdivisions,
consolidations and other forms of
capital reorganization.
See elsewhere in today's Toronto
Stock Exchange bulletins for
information regarding:
1. The prospectus offering of E
units and D units, including the
additional listing of common shares
underlying the E units and D units;
2. The supplemental listing of the
senior secured series D notes.
- 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.
