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 - TXP.WT
Number Trading -
Expiration Date -
Cusip - 881911 11 9
Warrants called to trade news:
1996-03-28 17:17 MT - SMF
Approved
The company's statement of material
facts dated March 27 1996 has been
filed and accepted by the BC
Securities Commission executive
director and the VSE pursuant to the
provisions of the Securities Act
(BC). This statement of material
facts qualifies the distribution of
5,391,338 units. Each unit comprises
one share and one warrant. Upon
issuance, the units will be
immediately separated into shares
and warrants. The deemed price of
the special warrants is $0.60, which
special warrants were previously
issued under a private placement. No
additional consideration will be
received by the company upon the
issuance of shares. The units will
be crossed through VCT on March 29
1996, the deemed exercise date of
the special warrants. Warrants
(5,391,338) will be posted and
called for trading March 29 1996.
Effective date: March 29 1996
Wt symbol: TXP.WT
Wt cusip No: 881911 11 9
Wt security No: 915291
Unit symbol: TXP.UN
Unit cusip No: 881911 20 0
Unit security code: 871856
Agent: Haywood Securities
- 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.
