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 - VGR.WT
Number Trading - 12,340,960
Expiration Date - December 31 1992
Cusip -
Warrants called to trade news:
Share exchange and new issue
1991-06-07 10:05 MT - Miscellaneous
Reference is made to the Montreal
bulletin dated May 22 1991. The
Montreal exchange has been informed
that the plan of arrangement between
Poco Petroleums and Voyager Energy
has been approved by holders of
Voyager common shares and the court,
and that a certificate of
arrangement has been issued
effective June 1 1991.
Under the terms of the plan of
arrangement, each holder of Voyager
common shares will receive the
following:
1.. For each Voyager common share,
the holder will receive 0.85 common
shares of the company;
2.. Each Voyager warrant will be
deemed to represent a share purchase
warrant of Poco, and each two
warrants of Poco entitle the holder
to purchase one common share at
$9.00 on or before December 31 1992.
At the opening of business on June
10 1991, approximately 16,974,762
common shares of Poco will be
listed, of which 16,940,762 are
issued in exchange for the common
shares of Voyager not held by Poco
and 34,000 will be reserved for
issuance pursuant to the exercise of
stock options. A maximum of
12,340,960 warrants of Poco, other
than those held by Poco, will be
admitted to trading in exchange for
the outstanding warrants of Voyager
and an additional 5,244,908 common
shares of Poco will be listed as
reserved for issuance pursuant to
the exercise of the warrants.
Wt Cusip No: 730361 13 6
Underlying security: Common shares
Expiry date: 5:00 pm local time on
December 31 1992
Trustee: Montreal Trust
- 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.
