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 - URP.WT
Number Trading -
Expiration Date - at $0.80 till June
30 1994 and at $1.00 till December
31 1994
Cusip - 911349 12 4
Warrants called to trade news:
Warrants posted for trading
1994-02-21 13:53 MT - Warrants
Called to Trade
The common share purchase warrants
for 1,828,335 common shares will be
posted for trading at the opening on
February 23 1994. The warrants were
issued on February 1 1994 as part of
a recently completed rights
offering. Each warrant entitles the
holder to purchase one common share
at $0.80 at any time before 4:00 pm
(Toronto time) on June 30 1994 and
thereafter at $1.00 at any time
before 4:00 pm (Toronto time) on
December 31 1994. The warrants are
governed by the terms of a warrant
indenture dated December 1993
between the company and Montreal
Trust Company of Canada as trustee.
The warrant indenture provides for
appropriate adjustments to be made
to the rights of the holders of
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms of
capital reorganization.
Symbol: URP.WT
Cusip No: 911349 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.
