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 - RRP.WT.A
Number Trading - 961,750
Expiration Date -
Cusip -
Exercise Price -
Warrant Symbol - RRP.WT
Number Trading - 1,900,000
Expiration Date - February 4, 1986
Cusip -
Exercise Price - $0.20
Warrants called to trade news:
1986-03-13 03:00 ET - Warrants
Called to Trade
Further to the VSE notice dated November
27, 1985, the exchange has been advised
that 961,750 A warrants have been issued
pursuant to the rights offering.
Effective at the opening, March 14,
1986, the series A warrants of the
company will be posted and called for
trading on the Vancouver stock exchange.
The company is, under the rules of the
exchange, a development company.
Capitalization: 961,750 A warrants
authorized and outstanding
Transfer agent: Pacific Corporate
Services Ltd.
Trading symbol: RRP.WT.A
Security No: 911181
1985-11-27 03:00 ET - Rights
Offering
The company has announced it will offer
to shareholders of record at December 6,
1985 rights to purchase shares of the
company. One right will be issued for
each share held. Four rights and $0.17
are required to purchase one share. For
each share subscribed for, the buyer
will receive one series A warrant,
exercisable to buy one share at $0.20
per share up to May 5, 1986. The offer
will expire on February 4, 1986. As at
November 26, 1985 the company had
1,856,000 shares issued and outstanding.
Effective at the opening, December 2,
1985, the shares of the company will
trade ex-rights and the rights will be
posted and called for trading at that
time on a when-issued basis.
Basis offering: Four rights exercisable
for one common share at $0.17 per share.
Record date: December 6, 1985
Trade X-Rt: December 2, 1985
Rt called trading: December 2, 1985
Rt trade for cash: January 26, 1986
Rt expire: February 4, 1986
Trading symbol: RRP.RT
Security No: tba
Wt expiry date: May 5, 1986
Wt exercise price: $0.20
- 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.
