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 - RMN.WT
Number Trading - 1,944,320
Expiration Date - June 14, 2006
Cusip - 775864 11 9
Warrants called to trade news:
Roman Corp. warrants called to trade
July 12
2004-07-08 19:11 ET - Warrants
Called to Trade
TSX bulletin 2004-0795
A total of 1,944,320 common share
purchase warrants of Roman
Corporation Ltd.
will be listed and posted for
trading at the open on Monday, July
12, 2004, under the
following trading information:
Symbol: RMN.WT
Cusip No.: 775864 11 9
Designated market-maker: R. Martin,
W.D. Latimer Co. Ltd.
Other markets: None
The warrants were issued in
connection with a recently completed
rights offering
and additional offering of units by
the company, whereby each unit
consisted of one
common share and a warrant to
acquire one common share of the
company.
Details of the rights offering were
contained in the Toronto Stock
Exchange bulletins
2004-0466 dated May 6, 2004,
2004-0471 dated May 7, 2004, and
2004-0656 dated
June 11, 2004, respectively.
Each warrant entitles the holder to
purchase one common share of the
company at
a price of $10.19 per share at any
time on or prior to 4:30 p.m.
(Toronto time) on
June 14, 2006.
The warrants are governed by the
terms of a warrant indenture dated
June 14, 2004,
between the company and
Computershare Trust Company of
Canada, 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.
- 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.
