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 - UI.WT
Number Trading - 2,801,291
Expiration Date -
Cusip - 910916 11 3
Warrants called to trade news:
1998-05-27 03:42 MT - New
Listing
TSE Bulletin 98-815
An application has been granted for
the original listing on the TSE in
the
industrial category of up to
19,389,634 common shares, of which
14,926,181
shares will be issued, and 4,463,453
shares will be reserved for issuance
upon completion of a public
offering.
An application has also been granted
for the listing of up to 2,801,291
common share purchase warrants, all
of which will be issued.
Listing of the common shares and
warrants will become effective at
4:01
p.m. on Wednesday, May 27, 1998, in
anticipation of the public offering
closing on Thursday, May 28, 1998.
The common shares and warrants,
other
than those which have not been
distributed to the public, will be
posted
for trading at the opening on
Thursday, May 28, 1998.
Common Shares
Symbol: UI
Cusip No: 910916 10 5
Warrants
Symbol: UI.WT
Cusip No: 910916 11 3
Other Markets: None
- 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.
