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 - TUM.WT.A
Number Trading - 1,700,468
Expiration Date - September 18 1990
Cusip - 896913 12 6
Warrants called to trade news:
1989-10-04 16:36 MT -
Warrants Called to Trade
Further to the VSE notice dated
August 17 1989 the VSE has been
advised that 1,700,468 series A
warrants have been issued pursuant
to the rights offering.
Effective at the opening October 5
1989 the A warrants will be called
for trading on the VSE. The company
is classified as a resource company.
Capitalization: 1,700,468 A
warrants authorized; 1,700,468 A
warrants outstanding
Transfer agent: Central Guaranty
Trust Company
Wt trading symbol: TUM.WT.A
Wt security No: 916997
Wt Cusip No: 896913 12 6
Unit security No: 871910
1989-08-17 16:48 MT - Rights
Offering
The company will offer to
shareholders of record as at August
28 1989, rights to purchase shares
of the company.
Basis of offering: Two rights
exercisable for one unit at $0.25
per share. Each unit consists ofone
share and two series A share
purchase warrants.
Record date: August 28 1989
Shares trade x-rt: August 22 1989
Rt called for trade: August 22 1989
Rt trade for cash: September 12
1989
Rt expire: September 19 1989
Rt trading symbol: TUM.RT
Rt security No: 834430
Rt Cusip No: 896913 11 8
A wt expire: September 18 1990
A wt exercise price: $0.40
Wt trading symbol: TUM.WT.A
Wt security No: 916997
Wt Cusip No: 896913 12 6
Unit security No: 87910
- 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.
