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 - SNO.WT.A
Number Trading - 910,000
Expiration Date -
Cusip - 83340C 12 4
Warrants called to trade news:
1997-12-19 15:44 MT - EOP
Date Fixed
Trade date: Tba
Offering date: December 19 1997
Expiry date: January 28 1998
Offering: 910,000 units, each unit
consists of one share and one series
A share purchase warrant to purchase
one share; and 390,000 flow through
shares
Price: $0.50 per unit; $0.55 per
flow through share
Wt exercise price: $0.40 per share
one year
Agent: Union Securities
Agent's Wt: 260,000 warrants,
exercisable into shares at $0.50 for
one year
Trading symbol: SNO
Cusip No: 83340C 10 8
Wt trading symbol: SNO.WT.A
Wt Cusip No: 83340C 12 4
1997-10-30 16:33 MT - EOP
Conditional Listing
The company's prospectus dated
October 27 1997 has been filed with
and accepted by the BCSC effective
October 29 1997. The common shares
and series A warrants of the company
will be conditionally listed on the
VSE on the effective date stated
below.
Effective date: October 29 1997
Trade date: Tba
Offering date: Tba
Expiry date: January 28 1998
Offering: 910,000 units, each unit
consisting of one share and one
series A share purchase warrant to
purchase one share; and 390,000 flow
through shares
Price: $0.50 per unit; $0.55 per
flow through share
Wt exercise price: $0.40 per share
one year
Agent: Union Securities
Agent's Wt: 260,000 warrants,
exercisable into shares at $0.50 for
one year
Trading symbol: SNO
Cusip No: 83340C 10 8
Wt trading symbol: SNO.WT.A
Wt Cusip No: 83340C 12 4
- 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.
