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: 540 - 688 Hastings St W
Vancouver BC V6B 1P1
Phone: 604 688 9427
Fax: 604 688 9426
Website -
https://www.yukon-nevadagold.com
Warrant Symbol - YNG.WT
Number Trading - 21,175,932
Expiration Date - June 20, 2012
Cusip - 98849Q 11 9
Exercise Price - $3.00
Warrants called to trade news:
Yukon-Nevada to list
21,175,932 warrants on Nov. 7
2007-11-05 18:28 MT - Warrants
Called to Trade
TSX bulletin 2007-1559
A total of 21,175,932 common
share purchase warrants of
Yukon-Nevada Gold Corp. will be
listed and posted for trading at
the open on Wednesday, Nov. 7,
2007, under the following
trading information:
Warrant symbol: YNG.WT
Cusip No.: 98849Q 11 9
Trading currency: Canadian
dollars
Designated market-maker: Byron
Securities Ltd.
Other markets: None
The warrants were issued on June
20, 2007, upon the completion of
the plan of arrangement between
the company and Queenstake
Resources Ltd. that resulted in
the automatic exercise of
42,351,864 subscription receipts
originally issued on May 30,
2007, and June 12, 2007. The
receipts were issued pursuant to
a private placement at $1.80 per
receipt, each receipt
exercisable with no further
consideration into one common
share and one-half of a warrant.
Each whole warrant entitles the
holder to purchase one common
share at a price of $3 at any
time until 4 p.m. (Vancouver
time) on June 20, 2012.
The warrants will be governed by
the terms of a warrant indenture
between the company and Pacific
Corporate Trust Co., as warrant
agent. The warrant indenture
will provide for appropriate
adjustments to the warrants in
the event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization.
- 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.
