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 - VNN.WT.A
Number Trading - 1.5 million to
four million
Expiration Date - August 8 1998
Cusip - 927930 11 5
Warrants called to trade news:
1997-10-02 10:23 MT - New
Listing
The offering date for the offering
of a minimum of 1.5 million units
and a maximum of four million units
at $0.50 will be October 3 1997.
Each unit consists of one class A
share and one warrant.
The shares and warrants will be
posted for trading at the opening of
business on October 3 1997.
The exchange has been advised that
if the offering is not fully
subscribed on the first offering
date, a second offering date will
take place October 15 1997.
Commencement of trading will be
delayed pending confirmation of
closing of the public offering and
receipt of documentation.
Class A Common Shares
Symbol: VNN.A
Security No: ISM-711 303
Cusip No: 927930 10 7
Transfer agent: Montreal Trust
Wt symbol: VNN.WT.A
Wt security No: ISM-919 316
Wt Cusip No: 927930 11 5
Wt expiry: One warrant to purchase
one share at $0.60 by August 8 1998
- 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.
