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: 820 - 330 Bay St
Toronto ON M5H 2S8
Phone: 416 365 6580
Fax: 416 946 1951
Website:
https://www.recminerals.ca
Warrant Symbol - REC.WT
Number Trading - 8,000,000
Expiration Date - November 30,
2011
Cusip - 75954L 11 9
Exercise Price - $0.25
Warrants called to trade news:
REC Minerals to trade under new
name March 2
2011-03-01 16:08 ET - Name
Change
REC MINERALS CORP. CHANGES NAME
TO RELIANT GOLD CORP.
REC Minerals Corp. has changed
its name effective today to
Reliant Gold Corp. This name
change was approved
overwhelmingly by the
shareholders of the company at
the annual and special meeting
of shareholders held on Feb. 22,
2011. The name change has been
accepted by the TSX Venture
Exchange and will be effective
on the TSX Venture Exchange at
the opening of trading on March
2, 2011.
"The decision to change the name
to Reliant Gold Corp. highlights
the company's strategic focus on
the exploration and development
of quality gold and copper
projects in Canada and, in the
future, internationally," stated
Kabir Ahmed, chairman, president
and chief executive officer of
the company.
The common shares and warrants
of the company will continue to
trade under their existing
symbols which are REC and
REC.WT, respectively.
The new CUSIP numbers for the
company's common shares and
warrants are 75954L101 and
75954L119, respectively.
REC MINERALS CORP.
("REC")("REC.WT")
BULLETIN TYPE: New
Listing-IPO-Shares and Warrants
BULLETIN DATE: December 3, 2009
TSX Venture Tier 2 Company
The Company's Initial Public
Offering ('IPO') Prospectus
dated November 20, 2009, has
been filed with and accepted by
TSX Venture Exchange, and filed
with and receipted by the
Ontario Securities Commission on
November 20, 2009, pursuant to
the provisions of the Ontario
Securities Act.
The gross proceeds received by
the Company for the Offering
were $1,500,000 (6,000,000
non-flow-through units at $0.15
per unit and 4,000,000
flow-through units at $0.15 per
unit). The Company is classified
as a 'mining' company.
Commence Date: At the opening
Friday, December 4, the Common
shares and share purchase
warrants will commence trading
on TSX Venture Exchange.
Corporate Jurisdiction: Ontario
Capitalization: unlimited common
shares with no par value of
which
16,350,000 common shares are
issued and outstanding
Escrowed Shares: 3,445,000
common shares
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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.
