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 - XYQ.WT.B
Number Trading - 2,812,500
Expiration Date - August 1 1996
Cusip - 983928 11 0
Warrants called to trade news:
1996-04-26 16:55 MT - SMF
Date Price Fixed
The company's SMF dated April 24
1996 has been filed with and
accepted by the BCSC and the VSE.
Effective date: April 25 1996
Offering date: April 29 1996
Expiry date: August 1 1996
Offering: 1,250,000 units. Each
unit consisting of one share and two
series B warrants
Unit price: $0.40
Wt exercise price: $0.40
Wt term: Two series B warrants to
purchase one share for one year.
Agent: Wolverton Securities
Agents' Wt: 312,500 warrants,
exercisable on the same basis as the
series B warrants except one warrant
is required to purchase one share.
Agents' commission: 7.5%
Transfer agent: Montreal Trust
Company
Wt trading symbol: XYQ.WT.B
Wt security No: 921060
Wt Cusip No: 983928 11 0
Unit security No: 872576
- 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.
