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Books
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 News - 1986
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 31-Dec-86 | TZN | Tchaikazan Enterprises Inc | Warrants Called to Trade |
| 24-Dec-86 | BIL | Billikin Resources Inc | Warrants Called to Trade |
| 23-Dec-86 | MNL | McConnell-Peel Resources Ltd | Rights Offering |
| 22-Dec-86 | IGW | Image West Entertainment Corp | Warrants Called to Trade |
| 22-Dec-86 | MTD | Mintel International Dev Corp | Warrants Called to Trade |
| 9-Dec-86 | HYN | Halcyon Resources Ltd | New Listing |
| 21-Nov-86 | BWE | Brewmaster Systems Ltd | Warrants Called to Trade |
| 17-Nov-86 | CKY | Consolidated McKinney Resources Inc | Warrants Called to Trade |
| 10-Nov-86 | LMS | Loadmaster Systems Inc | Warrants Called to Trade |
| 6-Nov-86 | LSG | Loh's Sinfully Good Ice Cream | Warrants Called to Trade |
| 6-Nov-86 | PDE | Pride Resources Ltd | Warrants Called to Trade |
| 20-Oct-86 | ODS | Odessa Explorations Ltd | Warrants Called to Trade |
| 9-Oct-86 | BHD | Bighorn Development Corp | Warrants Called to Trade |
| 6-Oct-86 | TZE | Topaz Exploration Ltd | Warrants Called to Trade |
| 1-Oct-86 | SRY | Stryker Resources Ltd | Warrants Called to Trade |
| 29-Sep-86 | ICR | International Corona Resources Ltd | Warrants Called to Trade |
| 23-Sep-86 | BKP | Black Pearl Resources Ltd | Warrants Called to Trade |
| 18-Sep-86 | RMP | Rampart Resources Ltd | Warrants Called to Trade |
| 12-Sep-86 | WIF | Wildfire Resources Ltd | Warrants Called to Trade |
| 5-Sep-86 | TLT | Telstar Resource Corporation | Warrants Called to Trade |
| 2-Sep-86 | RGA | Regal Petroleum Ltd | Warrants Called to Trade |
| 1-Sep-86 | BTX | Barytex Resources Corporation | Warrants Called to Trade |
| 26-Aug-86 | RRC | Ravenroc Resources Ltd | Warrants Called to Trade |
| 25-Aug-86 | DAL | Dash Lake Resources Ltd | Warrants Called to Trade |
| 25-Aug-86 | RRC | Ravenroc Resources Ltd | Warrants Called to Trade |
| 21-Aug-86 | SXM | Sphinx Mining Inc | Warrants Called to Trade |
| 19-Aug-86 | ADI | Ad-Dome International Ltd | Warrants Called to Trade |
| 15-Aug-86 | ACL | Achilles Resources Ltd | Warrants Called to Trade |
| 15-Aug-86 | CTJ | Canadian Trace Minerals Ltd | Warrants Called to Trade |
| 13-Aug-86 | CVZ | Caara Ventures Inc | Warrants Called to Trade |
| 13-Aug-86 | HEC | Hector Resources Inc | Warrants Called to Trade |
| 13-Aug-86 | ICK | International Cherokee Development | Warrants Called to Trade |
| 13-Aug-86 | JRE | J R Energy Ltd | Warrants Called to Trade |
| 13-Aug-86 | LRR | Longreach Resources Ltd | Warrants Called to Trade |
| 12-Aug-86 | RCS | Rich Coast Sulphur Ltd | Warrants Called to Trade |
| 4-Aug-86 | BMA | Brahma Resources Inc | Warrants Called to Trade |
| 30-Jul-86 | FLD | Fairchild Resources Inc | Warrants Called to Trade |
| 25-Jul-86 | NCK | Nickelodeon Industries Corporation | Warrants Called to Trade |
| 24-Jul-86 | NXM | Noramex Minerals Inc | Warrants Called to Trade |
| 22-Jul-86 | RFR | Redfern Resources Ltd | Warrants Called to Trade |
| 14-Jul-86 | SDA | Standard Gold Mines Ltd | Warrants Called to Trade |
| 10-Jul-86 | SLN | Selena Research Corporation | Warrants Called to Trade |
| 7-Jul-86 | MVI | Macrotrends Ventures Inc | Warrants Called to Trade |
| 3-Jul-86 | UNO | Unicorn Resources Ltd | Warrants Called to Trade |
| 27-Jun-86 | VAN | Vanwin Resources Corporation | Warrants Called to Trade |
| 19-Jun-86 | CDE | Consolidated Sea Gold Corporation | Warrants Called to Trade |
| 11-Jun-86 | OXN | Oxin Industries Ltd | Warrants Called to Trade |
| 10-Jun-86 | ULR | United Liberty Resources Ltd | Warrants Called to Trade |
| 9-Jun-86 | MUG | Murgor Resources Inc | Warrants Called to Trade |
| 5-Jun-86 | BMA | Brahma Resources Inc | Warrants Called to Trade |
| 30-May-86 | NJY | Newjay Resources Ltd | Warrants Called to Trade |
| 30-May-86 | RDH | Red Hill Marketing Group Ltd | Warrants Called to Trade |
| 28-May-86 | CMB | CMAC Computer Systems Ltd | EOP Date Fixed |
| 28-May-86 | EFD | Enfield Resources Ltd | Warrants Called to Trade |
| 27-May-86 | LEN | Lenora Explorations Ltd | Warrants Called to Trade |
| 27-May-86 | VCD | Victoria Diego Resource Corporation | Warrants Called to Trade |
| 26-May-86 | CBD | Cumberland Resources Ltd | Warrants Called to Trade |
| 21-May-86 | GFK | Grand Forks Mines Ltd | Warrants Called to Trade |
| 5-May-86 | CIM | Carina Mineral Resources Corp | Warrants Called to Trade |
| 29-Apr-86 | LAL | Lana Gold Corp | Warrants Called to Trade |
| 16-Apr-86 | TKS | Tamavack Resources Inc | Warrants Called to Trade |
| 11-Apr-86 | CCO | Cisco Resources Ltd | Warrants Called to Trade |
| 8-Apr-86 | LBR | Little Bear Resources Ltd | Warrants Called to Trade |
| 25-Mar-86 | GIG | Gigi Oil & Gas Ltd | Warrants Called to Trade |
| 18-Mar-86 | BRQ | Baroque Resources Ltd | Warrants Called to Trade |
| 18-Mar-86 | IMC | Imco Resources Ltd | Warrants Called to Trade |
| 14-Mar-86 | RGM | Royex Gold Mining Corporation | Warrants Called to Trade |
| 13-Mar-86 | RRP | Rough River Petroleum Corporation | Warrants Called to Trade |
| 10-Mar-86 | TXI | Torex Minerals Ltd | Warrants Called to Trade |
| 6-Mar-86 | CLG | Chalice Mining Inc | Warrants Called to Trade |
| 6-Mar-86 | IST | International Standard Resources | Warrants Called to Trade |
| 4-Mar-86 | CUI | Currie Rose Resources Inc | Warrants Called to Trade |
| 4-Mar-86 | GAG | Gallant Gold Mines Ltd | Warrants Called to Trade |
| 28-Feb-86 | IFR | International Flyer Resources Ltd | Warrants Called to Trade |
| 27-Feb-86 | WWS | World Wide Minerals Ltd | Warrants Called to Trade |
| 25-Feb-86 | MRF | Merfin Resources Ltd | Warrants Called to Trade |
| 21-Feb-86 | KDL | Kerrisdale Resources Ltd | Warrants Called to Trade |
| 11-Feb-86 | CNV | Consolidated CSA Minerals Inc | Warrants Called to Trade |
| 10-Feb-86 | CYR | Core Energy Corporation | Warrants Called to Trade |
| 10-Feb-86 | MGU | M.G.M. Resource Corporation | Warrants Called to Trade |
| 10-Feb-86 | SKE | Skeena Resources Ltd | Warrants Called to Trade |
| 6-Feb-86 | IBV | International Bellevue Ventures Ltd | Warrants Called to Trade |
| 5-Feb-86 | RFL | Rafael Resources Ltd | Warrants Called to Trade |
| 5-Feb-86 | SXE | SPENCAR EXPL LTD | Warrants Called to Trade |
| 31-Jan-86 | IDR | International Damascus Resources | Warrants Called to Trade |
| 24-Jan-86 | RCO | Rococco Resources Ltd | Warrants Called to Trade |
| 23-Jan-86 | CRD | Coronado Resources Inc. | Warrants Called to Trade |
| 22-Jan-86 | GGM | Glitter Gold Mines Ltd | Warrants Called to Trade |
| 16-Jan-86 | BME | Belmoral Mines Ltd | Warrants Called to Trade |
| 16-Jan-86 | CIX | Consolidated BRX Mining & Petroleum | Warrants Called to Trade |
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Warrant Calculators
Warrant Calc
Intrinsic (Per Warrant)
$0.00
Fair Value (Per Warrant)
$0.00
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.
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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 $0.50 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" Payoff The 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.