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 - WGC.WT.A
Number Trading - 1,650,000
Expiration Date - August 1 1996
Cusip - 97540 E 11 0
Warrants called to trade news:
1996-04-24 16:42 MT - SMF
Date Price Fixed
The company's SMF dated April 19
1996 has been filed with and
accepted by the BCSC and the VSE.
Effective date: April 24 1996
Offering date: April 25 1996
Expiry date: August 1 1996
Offering: A minimum of 650,000
units and a maximum of 1,000,000
units. Each unit consisting of one
share and one series A share
purchase warrants.
Unit price: $0.58
Agents: Canaccord Capital as to a
minimum of 455,000 units and a
maximum of 700,000 units; Yorkton
Securities as to a minimum of
195,000 units and a maximum of
300,000 units
Agents' Wt: 162,500 share purchase
warrants to purchase one share as to
113,750 to Canaccord and 48,750 to
Yorkton.
Agents' Wt exercise price: $0.58 up
to April 25 1997
Agents' commission: 7.5%
Greenshoe option: Up to 15% for 60
days
Wt trading symbol: WGC.WT.A
Transfer agent: Pacific Corporate
Trust Company
Wt security No.: 920915
Wt Cusip No.: 97540 E 11 0
Unit security No.: 872566
- 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.
