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: 880 - 580 Hornby St
Vancouver BC V6C 3B6
Phone: 604 684 0693
Fax: 604 684 0642
Website -
https://www.sprottresource.com
Warrant Symbol - SCP.WT
Number Trading - 16,585,784
Expiration Date - Dec. 31, 2010
Cusip - 85207D 12 9
Exercise Price - $4.25
Warrants called to trade news:
Sprott Resource warrants
approved for listing on TSX
2008-11-26 15:01 MT - News
Release
Sprott Resource Corp. has
received final approval to list
on Toronto Stock Exchange (TSX)
a total of 16,585,784 common
share purchase warrants. Each
warrant entitles the holder to
purchase one common share of
Sprott at a price of $4.25 at
any time until 4:30 p.m. ET on
Dec. 31, 2010, subject to an
accelerated expiry period if, at
any time, the closing trading
price of the common shares of
Sprott is equal to or greater
than $6 for 20 consecutive
trading days. The warrants will
be listed and posted for trading
on TSX at the opening on Nov.
27, 2008, under the symbol
SCP.WT. The warrants were issued
between June 24, 2008, and July
7, 2008, to encourage the early
exercise of share purchase
warrants that were exercisable
at $2.50. The warrants are
governed by the terms of a
warrant indenture between Sprott
and CIBC Mellon Trust Company,
as warrant agent. A copy of the
warrant indenture is available
on SEDAR.
Sprott Resource to list
16,585,784 warrants on Nov. 27
2008-11-25 15:33 MT - Warrants
Called to Trade
TSX bulletin 2008-1356
A total of 16,585,784 common
share purchase warrants of
Sprott Resource Corp. will be
listed and posted for trading at
the open on Thursday, Nov. 27,
2008, under the following
trading information.
Warant symbol: SCP.WT
Warrant Cusip No.: 85207D 12 9
Warrant Trading currency:
Canadian dollars
Designated market-maker:
National Bank Financial Inc.
Other markets: None
The warrants were issued between
June 24, 2008, and July 7, 2008,
to encourage the early exercise
of previously issued common
share purchase warrants.
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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.
