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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










You are welcome to use any of the information on the Canadian Warrants pages but please note it is copywritten.  Copying and re-posting as your own or copying full pages will not be tolerated. Visiting IP addresses and originating domains are tracked. No one pays for the work put into compiling this information except myself and those generous people who help support the site by using the PayPal button below! If it is helpful to you, credit would be appreciated! Every effort has been made, but there are no guarantees as to accuracy. If you see an error please us as corrections are appreciated.

  qau q - gold resources limited 747269 10 8 ca7472691087
  qgr q - gold resources limited 747269 20 7 ca7472692077
  qgr q - gold resources limited 747269 30 6 ca7472693067
  qgr q - gold resources limited 747269 40 5 ca7472694057
  qgr q - gold resources limited 747269 50 4 ca7472695047
  qms q / media software corp 74725l 10 2  
  qms.wt.a q / media software corp warrants 74725l 11 0  
    q 2 gold resources inc 74731u 10 4 ca74731u1049
  q q 9 networks inc 74729v 10 6  
  qmet q battery metals corp 74739m 10 4 ca74739m1041
    q c holdings inc 74729t 10 1 us74729t1016
    q e d connect inc 74732q 30 0 us74732q3002
    q e n e x communications inc 74732n 10 9 us74732n1090
    q e p company inc 74727k 10 2 us74727k1025
  qe q energy limited 746938 10 9  
    q entertainment inc 746937 10 1 ca7469371016
  qgx q g x limited 74728b 10 1  
  qhr q h r technologies inc 74727b 10 2  
  qis q i s ventures inc 74728n 10 5  
  qi q investments limited g7303r 10 2 bmg7303r1025
  qi q investments limited g7303r 11 0 bmg7303r1108
    q k l stores inc 74732y 30 3 us74732y3036
    q l i k technologies inc 74733t 10 5 us74733t1051
  qlt q l t inc 746927 10 2  
    q logic corp 747277 10 1 us7472771010
    q lotus holdings inc 74733u 10 2 us74733u1025
  qmc q m c quantum minerals corp 74734c 10 1 ca74734c1014
  qss q m i seismic inc 74733k 10 4  
  qmx q m x gold corporation 74735d 10 8 ca74735d1087
  qmet q precious & battery metals corp 74739w 10 2 ca74739w1023
  qmet q precious & battery metals corp 74739w 20 1 ca74739w2013
  qrs.p q r s capital corp 74732d 10 1  
    q r x pharma ltd-sp/adr 74733c 10 2 us74733c1027
  qst q sa technology inc 746912 10 4  
  qsl q solar limited 74734n 10 7 ca74734n1078
  qsl q sound labs inc 74728c 10 9  ca74728c1095
  qsl q sound labs inc 74728c 30 7 ca74728c3075
  qx q x metals corp 74914p 10 4 ca74914p1045
  qtwo q2 metals corp 74739g 10 7  
    q2 power technologies inc 74737g 10 9 us74737g1094
  qfor q4 inc 74738r 10 4  
  qccu qc copperand gold inc 74738b 10 9  
  qcx qcx gold corp 74738m 10 5 ca74738m1059
  qcx qcx gold corp 74738m 30 3 ca74738m3030
  qe qe2acquisition corp 74736c 10 9  
  qhr qhr corp 74735t 10 3 ca74735t1030
    qihoo 360 technology co-adr 74734m 10 9 us74734m1099
    qingdao footwear inc 74734l 10 1 us74734l1017
    qmed inc 747914 10 9 us7479141092
    qmis finance securities corp 74735j 10 5 us74735j1051



  tim qnb metals inc 74739l 10 6 ca74739l1067
  tim.x qnb metals inc 74739l 10 6 ca74739l1067
    qs energy inc 74736r 10 6 us74736r1068
  qai qsceenai inc 746960 10 3 ca7469601032
    quad energy corp 74734a 20 4 us74734a2042
    quad systems corp 74730q 10 4 us74730q1040
  qux quadra fnx mining limited 74733x 10 6  
  qux.wt quadra fnx mining limited warrants 74733x 11 4  
  qlt quadra logic technologies inc 74730v 10 3  
  qua quadra mining limited 747319 10 1  
  qua.w quadra mining limited 747319 99 4  
  qua.wt quadra mining limited warrants 747319 11 9  
    quadrant 4 systems corp 74735a 10 4 us74735a1043
  pref quadravest preferred split share etf 74739r 10 3  
  qro quadro resources limited 74733p 10 3 ca74733p1036
  qro quadro resources limited 74733p 20 2 ca74733p2026
  qro.h quadro resources limited 74733p 20 2 ca74733p2026
  qcc quadron cannatech corporation 74737n 10 4 ca74737n1042
  qcc quadron capital corp 74737a 10 2 ca74737a1021
  qrw quail ridge winery napa valley inc 74731h 10 3  
  qrc quaker resources canada limited 74741g 10 3  
  qcom qualcomm cdr (cad hedged) 747968 10 5 ca7479681057
    qualibou energy inc 74752v 30 4 us74752v3042
    qualstar corp 74758r 10 9 us74758r1095
  qr quanta resources inc 747628 10 5 ca7476281059
  qr.h quanta resources inc 747628 10 5 ca7476281059
    quantex capital corp 74762a 10 0 us74762a1007
  qat quantitativealpha trading inc 74762l 10 6 ca74762l1067
    quantrx biomedical corp 74765n 10 9 us74765n1090
  qus quantshares enh core us equity etf 74768d 10 8  
  qcd quantshares enhanced core canadian equity etf 74768e 10 6  
  qem quantshares enhanced core emerging markets equity etf 74767p 10 2  
  qie quantshares enhanced core international equity etf 74766x 10 6  
  qgl quantshares global equity rotation etf 74768l 10 0 ca74768l1004
  qmy quantshares multiasset incallocation etf 74768m 10 8  
  qma quantshares multiassetallocation etf 74768n 10 6  
  qbat quantum battery metals corp 74765c 10 3 ca74765c1032
  qbat quantum battery metals corp 74765c 20 2 ca74765c2022
  qntm quantum biopharma ltd 74764y 20 5 ca74764y2050
  qbc.p quantum blockchain technologies limited 74767q 10 0 ca74767q1000
  qbot quantum cobalt corp 74766r 10 9 ca74766r1091
  qbot quantum cobalt corp 74766r 20 8 ca74766r2081
  leap quantum critical metals corp 74766v 10 0  
    quantum energy inc 747645 20 8 us7476452088
    quantum fuel systems technol 74765e 30 7 us74765e3071
    quantum international corp 74766h 10 1 us74766h1014
  qic quantum international income corp 74766m 10 0 ca74766m1005
  qic.h quantum international income corp 74766m 10 0 ca74766m1005
  qic quantum international income corp 74766m 30 8 ca74766m3084
  qic.r quantum international income corp receipts 74766m 14 2 ca74766m1427



  qic.u quantum international income corp usd 74766m 10 0 ca74766m1005
    quantum materials corp 74766a 10 6 us74766a1060
  qnc quantum numbers corp 74766t 10 5 ca74766t1057
  qse quantum secure encryption corp 74767b 10 3 ca74767b1031
    quantum solar power corp 74766c 10 2 us74766c1027
  qb quarterback resources inc 747705 10 1 ca7477051014
  qtrh quarterhill inc 747713 10 5 ca7477131055
  qtrh.db quarterhill inc 6% debs 747713aa 3 ca747713aa38
  qrl.h quartet resources limited y71657 10 3 mu0456s00006
  qrl.p quartet resources limited y71657 10 3 mu0456s00006
  qzm quartz mountain resources limited 74773l 10 3 ca74773l1031
  qzm.h quartz mountain resources limited 74773l 10 3 ca74773l1031
  qzm quartz mountain resources limited 74773l 20 2 ca74773l2021
  qzm quartz mountain resources limited 3:1 74773l 30 1 ca74773l3011
  qta quaterra resources inc 747952 10 9 ca7479521097
  qxp quattro explorationand production limited 747762 10 2 ca7477621022
  qxp.h quattro explorationand production limited 747762 10 2 ca7477621022
    quebec (province of) 1.500 1/9/2031 74814z fh 1 ca74814zfh16
    quebec (province of) 1.900 1/9/2030 74814z fg 3 ca74814zfg33
    quebec (province of) 2.100 27/5/2031 74814z fm 0 ca74814zfm01
    quebec (province of) 2.300 1/9/2029 74814z ff 5 ca74814zff59
    quebec (province of) 2.500 1/9/2026 74814z ex 7 ca74814zex74
    quebec (province of) 2.750 1/9/2025 74814z ev 1 ca74814zev19
    quebec (province of) 2.750 1/9/2027 74814z fb 4 ca74814zfb46
    quebec (province of) 2.750 1/9/2028 74814z fd 0 ca74814zfd02
    quebec (province of) 2.850 1/12/2053 74814z fl 2 ca74814zfl28
    quebec (province of) 3.000 1/9/2023 74814z ep 4 ca74814zep41
    quebec (province of) 3.100 1/12/2051 74814z fe 8 ca74814zfe84
    quebec (province of) 3.500 1/12/2045 74814z er 0 ca74814zer07
    quebec (province of) 3.500 1/12/2048 74814z ew 9 ca74814zew91
    quebec (province of) 3.750 1/9/2024 74814z es 8 ca74814zes89
    quebec (province of) 4.250 1/12/2043 74814z ek 5 ca74814zek53
    quebec (province of) 5.000 1/12/2038 74814z dk 6 ca74814zdk62
    quebec (province of) 5.000 1/12/2041 74814z ef 6 ca74814zef68
    quebec (province of) 6.000 1/10/2029 748148 qj 5 ca748148qj59
    quebec (province of) 6.250 1/6/2032 748148 qt 3 ca748148qt32
    quebec (province of) 8.500 1/4/2026 748148 pz 0 ca748148pz01
    quebec (province of) 9.375 16/1/2023 748148 nx 7 ca748148nx70
  qimc quebec innovative materials corp 748033 10 7 ca7480331072
  qni quebec nickel corp 748119 10 4 ca7481191046
  qni quebec nickel corp 1:10 748119 70 8 ca7481197084
  qbc quebec pegmatite holdings corp 748130 10 1  
  qpm quebec precious metals corp 748140 10 0 ca7481401007
  cjc quebec precious metals corporation 748140 10 0 ca7481401007
    quebec province of 5.750 1/12/2036 748148 rl 9 ca748148rl96
  qree quebec rare earth elements corp 748162 10 4 ca7481621042
  qtz quebec silica resources corp 748163 10 2 ca7481631025
    quebecor inc 7.75% senior notes march 15 2016 74819rag 1  
    quebecor inc 7.75% senior notes march 15 2016 74819rak 2  
    quebecor inc 9-1/8% notes 92658tam 0  



  qbr.b quebecor inc class b sv 748193 20 8 ca7481932084
  qbr.a quebecor inc classa mv 748193 10 9 ca7481931094
  iqw.pr.d quebecor world inc pref 1st series 3 748203 30 4  
  iqw.pr.c quebecor world inc pref 1st series 5 748203 50 2  
  iqw quebecor world inc sv 748203 10 6  
  qe queen str entmt capital inc 74823x 10 7  
    queench inc 74823u 10 3 us74823u1034
  qrc.s queens road capital investment limited g7315b 11 1  
  qrc queens road capital investment ltd g7315b 10 3 kyg7315b1032
  qrc queens road capital investment ltd  g7315b 12 9 kyg7315b1297
  qrc queens road capital investment ltd regulation s g7315b 13 7 kyg7315b1370
  ozau queensland gold hills corp 74830u 10 4  
  qml queensland minerals limited 748308 10 3  
  qml queensland minerals limited 748308 30 1  
  qrl queenstake resources 748314 10 1  
  qmi queenston mining inc 74832e 10 8 ca74832e1088
  qoc quendale capital corp 74834u 10 0 ca74834u1003
  qoc.p quendale capital corp 74834u 10 0 ca74834u1003
  qtn.h quentin ventures limited 74833x 10 5 ca74833x1050
  qc quest capital corp 74835u 10 9  
  bull quest critical 74840a 10 6 ca74840a1066
    quest oil corp 74836c 10 8 us74836c1080
    quest patent research corp 74836r 10 5 us74836r1059
  qpt quest pharmatech inc 74836m 10 6 ca74836m1068
  qrm quest rare minerals limited 74836t 10 1 ca74836t1012
  qrm.wt quest rare minerals limited warrants 74836t 11 8 ca74836t1186
    quest solution inc 74837b 10 9 us74837b1098
  quc quest uranium corp 74837d 10 5  
    quest water global inc 74837l 10 7 us74837l1070
  qar questair tech inc 74836v 10 6  
  qar questair technologies inc 74836v 20 5  
    questar corp 748356 10 2 us7483561020
  qrx questar resources corp 747939 10 6  
  qrx.wt questar resources corp warrants 747939 11 4  
    questarassessment inc 74837a 10 1 us74837a1016
  qsc questcap inc 74839y 10 7 ca74839y1079
  qqq questcorp mining inc 747976 20 7 ca7479762071
  qsi questec imaging inc 747936 10 2 ca7479361023
  qec questerre energy corporation 74836k 10 0 ca74836k1003
  qex questex gold & copper limited 74790a 10 6  
  q.b questfire energy corp - b 748362 20 9 ca7483622097
  q.a questfire energy corp -a 748362 10 0 ca7483621008
  q.h questfire energy corp -a 748362 10 0 ca7483621008
  qst questor technology inc 747946 10 1 ca7479461013
  qcp questrade fixed income core plus etf 74840m 10 0  
  qge questrade global total equity etf 74840q 10 1  
  q quetzal copper corp 74841f 10 4  
  q quetzal copper corp 74841f 30 2  
  qtz quetzal studios investments inc 747953 10 7  
  qia quia resources inc 74839q 10 4 ca74839q1046



  qsc questcap inc 74839y 10 7 ca74839y1079
  qqq questcorp mining inc 747976 20 7 ca7479762071
  qsi questec imaging inc 747936 10 2 ca7479361023
  qec questerre energy corporation 74836k 10 0 ca74836k1003
  qex questex gold & copper limited 74790a 10 6  
  q.b questfire energy corp - b 748362 20 9 ca7483622097
  q.a questfire energy corp -a 748362 10 0 ca7483621008
  q.h questfire energy corp -a 748362 10 0 ca7483621008
  qst questor technology inc 747946 10 1 ca7479461013
  qcp questrade fixed income core plus etf 74840m 10 0  
  qge questrade global total equity etf 74840q 10 1  
  q quetzal copper corp 74841f 10 4  
  q quetzal copper corp 74841f 30 2  
  qtz quetzal studios investments inc 747953 10 7  
  qia quia resources inc 74839q 10 4 ca74839q1046
    quick-med technologies inc 74837q 10 6 us74837q1067
    quicksilver resources inc 74837r 10 4 us74837r1041
  qf quikflo health inc 74840v 10 0 ca74840v1004
  qim quimbaya gold inc 74841l 10 1 ca74841l1013
  qca quinsam capital corporation 748747 10 2 ca7487471020
  qcap quinsam capital corporation 748747 10 2 ca7487471020
  qca quinsam capital corporation 748747 20 1 ca7487472010
  qop.p quinsam opportunities i inc 74874l 10 1  
  qu quinto mining corp 748771 10 2  
  qit quinto real capital corp 748772 10 0  
  qit quinto resources inc 74877t 10 1 ca74877t1012
  qit.h quinto resources inc 74877t 10 1  
  qipt quipt home medical corp 74880p 10 4  
  qipt.db.a quipt home medical corp debentures 74880paa 2 ca74880paa2
  quis quisitive technology solutions inc 74881g 10 3 ca74881g1037
  quis.r quisitive technology solutions inc sub receipts 74881g 12 9 ca74881g1292
  quis.wt quisitive technology solutions inc warrants 74881g 11 1  ca74881g1110
  qq quizam media corp 749057 10 5 ca7490571055
  qq quizam media corp 749057 20 4 ca7490572046
  qq quizam media corp 749057 30 3 ca7490573036
  qq quizam media corp 749057 40 2 ca7490574026
  qq quizam media corp 749057 50 1 ca7490575015
  qsi.h qumana software inc 749059 10 1 ca7490591012
  qi quorum growth inc 748911 10 4  
  qi.wt quorum growth inc warrants 748911 11 2  
  qis quorum information technologies inc 749093 10 0 ca7490931002
    quotemedia inc 749114 10 4 us7491141047
  quri quri mayu developments ltd 74915n 10 8  
    quri resources inc 749126 20 7 us7491262074
  qvc qustream corp 749131 10 8  
    quture international inc 74914h 10 2 us74914h1023
  qmi qwick media inc g73235 10 6 kyg732351062
  qyou qyou media inc 77584b 10 7 ca77584b1076
  qyou qyou media inc 1:12 77584b 60 2 ca77584b6026
         



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Warrant Terms
  • 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.
  • What Exactly is a Canadian Stock Warrant:
    In Canada, a warrant is a security issued directly by a corporation (not by other traders like options) that gives you the right to buy their stock at a fixed price (the strike) for a set period (usually 2 to 5 years).Key Terms You’ll See on the TSX/TSXV:The Strike Price: The price you pay to "exercise" the warrant.The Expiry Date: The "drop-dead" date. In Canada, these are often longer than US-listed options, giving you years for your thesis to play out.The Acceleration Clause: A uniquely Canadian feature. If the company’s stock stays above a certain price for a set number of days, they can force you to exercise your warrants early.
  • Visualizing the Lifecycle: Visualizing the Lifecycle Unlike a stock that you can hold "forever," a warrant has a clear beginning, middle, and end.Issuance: Usually bundled into a "Unit" (1 Share + 1/2 Warrant) during a private placement or IPO.Separation: After a short period, the warrants "detach" and begin trading under their own symbol.The Exercise Window: Your opportunity to profit.Expiration: If the stock is below the strike price on this day, the warrant becomes worthless.
  • How to Read Canadian Warrant Symbols: If you are looking for these on your brokerage platform you need to know the suffixes. Exchange Suffix Example: Toronto Stock Exchange SHOP.WT.TO, TSX Venture VABC.WT.VN, Canadian Securities Exchange GROW.WT.CN. Pro Tip: If a company has multiple warrants, they are lettered (e.g., ABC.WT.A, ABC.WT.B). Always check the specific terms for the letter you are buying!"
  • The Math: Intrinsic vs. Time Value: Why does a warrant cost $2.00 when the stock is only $1.00 above the strike price?Intrinsic Value: The immediate "cash" value. (Stock Price - Strike Price). Time Value: The "hope" value. You are paying for the potential growth over the next few years. As the expiry date gets closer, this value disappears (a process called Time Decay).
  • Tax Considerations for Canadians: Warrants behave differently than stocks in the eyes of the CRA:Capital Gains: If you buy a warrant for
    • 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.
    • What Exactly is a Canadian Stock Warrant:
      In Canada, a warrant is a security issued directly by a corporation (not by other traders like options) that gives you the right to buy their stock at a fixed price (the strike) for a set period (usually 2 to 5 years).Key Terms You’ll See on the TSX/TSXV:The Strike Price: The price you pay to "exercise" the warrant.The Expiry Date: The "drop-dead" date. In Canada, these are often longer than US-listed options, giving you years for your thesis to play out.The Acceleration Clause: A uniquely Canadian feature. If the company’s stock stays above a certain price for a set number of days, they can force you to exercise your warrants early.
    • Visualizing the Lifecycle: Visualizing the Lifecycle Unlike a stock that you can hold "forever," a warrant has a clear beginning, middle, and end.Issuance: Usually bundled into a "Unit" (1 Share + 1/2 Warrant) during a private placement or IPO.Separation: After a short period, the warrants "detach" and begin trading under their own symbol.The Exercise Window: Your opportunity to profit.Expiration: If the stock is below the strike price on this day, the warrant becomes worthless.
    • How to Read Canadian Warrant Symbols: If you are looking for these on your brokerage platform you need to know the suffixes. Exchange Suffix Example: Toronto Stock Exchange SHOP.WT.TO, TSX Venture VABC.WT.VN, Canadian Securities Exchange GROW.WT.CN. Pro Tip: If a company has multiple warrants, they are lettered (e.g., ABC.WT.A, ABC.WT.B). Always check the specific terms for the letter you are buying!"
    • The Math: Intrinsic vs. Time Value: Why does a warrant cost $2.00 when the stock is only $1.00 above the strike price?Intrinsic Value: The immediate "cash" value. (Stock Price - Strike Price). Time Value: The "hope" value. You are paying for the potential growth over the next few years. As the expiry date gets closer, this value disappears (a process called Time Decay).
    • Tax Considerations for Canadians: Warrants behave differently than stocks in the eyes of the CRA:Capital Gains: If you buy a warrant for function buildNav() { var container = document.getElementById('pagination-top'); if (!container) return; var html = ''; var delta = 1; // Number of pages to show on each side of current page // 1. PREVIOUS BUTTON if (currentPage > 1) { html += '« Prev'; } // 2. LOGIC FOR NUMBERS AND DOTS for (var i = 1; i <= totalPages; i++) { // Show first page, last page, and pages around the current page if (i === 1 || i === totalPages || (i >= currentPage - delta && i <= currentPage + delta)) { var activeClass = (i === currentPage) ? 'active' : ''; html += '' + i + ''; } // Add dots if there is a gap else if (i === currentPage - delta - 1 || i === currentPage + delta + 1) { html += '...'; } } // 3. NEXT BUTTON if (currentPage < totalPages) { html += 'Next »'; } container.innerHTML = html; } // Run the function buildNav();




.50 and sell it for $1.50, the $1.00 profit is treated as a standard Capital Gain (only 50% is taxable). TFSA/RRSP Eligibility: Most warrants listed on a "Designated Stock Exchange" (like the TSX) are qualified investments for your TFSA or RRSP. However, unlisted warrants from private placements often are not—be careful to avoid the 50% "prohibited investment" tax!Summary: The "Hockey Stick" PayoffThe reason people love warrants is the Payoff Curve. While the stock moves in a straight line, the warrant stays flat until it hits the strike price, then it curves upward with extreme speed.