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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Address: 2050 - 1111 Georgia St
W
Vancouver BC V6E 4M3
Phone: 604 684 9497
Fax: 604 669 2926
Website:
https://www.westerncoppercorp.com
Warrant Symbol - WRN.WT
Number Trading - 4,085,000
Expiration Date - December 22,
2012
Cusip - 95805Y 11 1
Exercise Price - $3.45
Warrants called to trade news:
Western Copper warrants to list
on the TSX Dec. 23
2010-12-21 17:48 MT - Prospectus
Approved
Western Copper Corp.'s warrants
will begin trading on the
Toronto Stock Exchange at the
open on Thursday, Dec. 23, 2010,
according to the TSX. As
reported in a Dec. 15, 2010,
short form prospectus, Western
Copper is issuing 4,085,000
warrants in connection with a
$20-million unit financing at
$2.45. Each unit comprises one
share and one-half of a warrant,
with each whole warrant
exercisable into one share at
$3.45 until Dec. 22, 2012. The
company is raising the money for
more work on its Casino
copper-gold project in the
Yukon, its Carmacks copper
project in the Yukon, and for
general and administrative
expenses.
News Release
Dec 22, 2010
Western Copper Closes Bought
Deal Financing & Over-Allotment
Option Exercise, Total Proceeds
$23 M
VANCOUVER, BRITISH COLUMBIA –
Western Copper Corporation
(“Western Copper” or the
“Company”) (TSX: WRN) is pleased
to announce that further to its
news release dated December 2,
2010, it has completed a fully
subscribed bought deal offering
of 8,170,000 units (the “Units”)
at a price of $2.45 per Unit and
the Underwriters’ exercise in
full of an over-allotment option
to purchase an additional
1,225,500 shares and 612,750
Warrants granted by the Company
in connection with such offering
for total gross proceeds of
approximately $23 million. Each
Unit consists of one common
share in the capital of the
Company and one-half of one
common share purchase warrant
(each whole warrant, a
“Warrant”). Each Warrant
entitles the holder thereof to
acquire one common share (each a
“Warrant Share”) at an exercise
price of $3.45 per Warrant Share
for a period of 24 months. A
syndicate of underwriters led by
CIBC and including Dundee
Securities Corporation and
Cormark Securities Inc.
(collectively, the
“Underwriters”) acted as
underwriters in respect to the
Offering.
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- 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.
