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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 - UMJ.WT
Number  Trading - 1,941,000
Expiration Date - May 17, 2005
Cusip - 91728F 13 0
Exercise Price - $0.85

Warrants called to trade news:




Ursa Major Minerals warrants to list on Nov. 17

2003-11-14 14:27 MT - Warrants Called to Trade
The company's short form offering document dated Oct. 22, 2003, was filed with and accepted by the TSX Venture Exchange on Oct. 29, 2003. The TSX-V has now been advised that the offering closed on Nov. 14, 2003.

Agent: Haywood Securities Inc.

Offering: 1,941,000 units. Each unit consists of one common share and one transferable share purchase warrant.

Unit price: 85 cents per unit

Warrant exercise price/term: Each warrant entitles the holder to purchase one additional common share at a price of $1.10 per share for an 18-month period.

Agent's warrants: 194,100 non-transferable warrants, each exercisable to purchase one share at 85 cents per share for a period of 18 months.

Agent's commission: 7 per cent of the gross proceeds raised, payable with $19,794.37 in cash and 112,582 agent's units. The agent's units are identical to the units sold through the offering. The agent will also receive a corporate finance fee of $10,000.

Transfer agent: Equity Transfer Services Inc.

Warrant trading symbol: UMJ.WT
Warrant Cusip No.: 91728F 13 0
















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Warrant Terms
  • 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.
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