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 - RUXR.WT
Number Trading -
Expiration Date - October 15 1997
Cusip - 74974V 116
Warrants called to trade news:
Terms of warrants modified
1997-09-24 17:29 MT - News Release
The board of directors recommended
certain changes to the terms of the
warrants expiring on October 15 1997
and the warrants expiring on August
9 1998.
RUX adjusted the exercise price of
the warrants originally granted in
April 1996, entitling the holders to
acquire in the total of 1,858,400
shares at $1.50 until the effective
expiry date of October 15 1997.
Effective September 26 1997 the
exercise price will be reduced from
$1.50 per share to $0.175 per share,
so that on or before October 15
1997, five warrants plus $0.175
would entitle the holder to receive
one RUX share. The warrants trade
under the symbol RUXR.WT on the CDN.
The CUSIP number is 74974V 116.
RUX also proposes to temporarily
adjust the exercise price of another
series of warrants originally
granted in August 1996, entitling
the holders to acquire in the total
2,564,320 shares at $0.58 until the
expiry date of August 9 1998.
Effective September 26 1997, the
exercise price will be $0.175 per
share if such warrants are exercised
on or before October 15 1997:
otherwise, the exercise price will
be $0.58 per share. The proposed
adjustment is subject to the consent
of the holders of such warrants.
Agreements requesting consent to the
temporary adjustment to the exercise
price have been sent to the holders
of such warrants.
- 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.
