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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 - 1987
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 31-Dec-87 | KFR | Keefer Resources Inc | EOP Conditional Listing |
| 29-Dec-87 | PVF | Paramount Ventures and Finance Inc | EOP Completed |
| 22-Dec-87 | PRE | Pineridge Resource Ltd | EOP Date Fixed |
| 21-Dec-87 | NIX | Nix-O-Tine Pharmaceuticals Ltd | EOP Conditional Listing |
| 18-Dec-87 | AGU | Angle Resources Ltd | Warrants Called to Trade |
| 15-Dec-87 | WIF | Wildfire Resources Ltd | Warrants Called to Trade |
| 10-Dec-87 | PVF | Paramount Ventures and Finance Inc | EOP Date Fixed |
| 9-Dec-87 | PRE | Pineridge Resource Ltd | EOP Completed |
| 8-Dec-87 | DCK | Dutch Creek Resources Ltd | EOP Completed |
| 8-Dec-87 | IWS | International Wildrose Resources | Warrants Update |
| 7-Dec-87 | MGD | Murgold Resources Ltd | Warrants Called to Trade |
| 3-Dec-87 | DCK | Dutch Creek Resources Ltd | EOP Date Fixed |
| 24-Nov-87 | ATN | Atna Resources Ltd | Warrants Called to Trade |
| 23-Nov-87 | GPY | Gypsy Resources Ltd | EOP Conditional Listing |
| 12-Nov-87 | MDX | Merritech Development Corporation | EOP Date Fixed |
| 12-Nov-87 | PRE | Pineridge Resource Ltd | EOP Conditional Listing |
| 21-Oct-87 | ASA | Adastral Resources Ltd | EOP Conditional Listing |
| 16-Oct-87 | BLA | Bear Lake Resources Ltd | Warrants Called to Trade |
| 16-Oct-87 | WD | Wydmar Development Corporation | Warrants Called to Trade |
| 15-Oct-87 | WD | Wydmar Development Corporation | Cease Trade Rescinded |
| 13-Oct-87 | TWN | Twin Eagle Resources Inc | Warrants Called to Trade |
| 8-Oct-87 | BTS | Biomet Technology Inc | EOP Completed |
| 8-Oct-87 | HEC | Hector Resources Inc | Warrants Called to Trade |
| 8-Oct-87 | PVF | Paramount Ventures and Finance Inc | EOP Conditional Listing |
| 7-Oct-87 | AND | Androne Resources Ltd | Warrants Called to Trade |
| 7-Oct-87 | BTS | Biomet Technology Inc | EOP Date Fixed |
| 6-Oct-87 | CBS | Cinnabar Resources Ltd | Warrants Called to Trade |
| 5-Oct-87 | BIN | Bullion Range Exploration Corp | EOP Conditional Listing |
| 5-Oct-87 | RWR | Reward Resources Ltd | Warrants Called to Trade |
| 2-Oct-87 | TCH | TEC Technology Enterprises Corp | EOP Conditional Listing |
| 1-Oct-87 | MDX | Merritech Development Corporation | EOP Conditional Listing |
| 1-Oct-87 | MTK | Mintek Resources Ltd | Warrants Called to Trade |
| 29-Sep-87 | BTS | Biomet Technology Inc | EOP Conditional Listing |
| 25-Sep-87 | CDE | Consolidated Sea Gold Corporation | Warrants Called to Trade |
| 24-Sep-87 | VIE | Villeneuve Resources Ltd | Warrants Called to Trade |
| 21-Sep-87 | BME | Belmoral Mines Ltd | Warrants Called to Trade |
| 18-Sep-87 | GNI | Genco Industries Inc | Warrants Called to Trade |
| 18-Sep-87 | TKT | Ticker Tape Resources Ltd | Warrants Called to Trade |
| 11-Sep-87 | ACL | Achilles Resources Ltd | Warrants Called to Trade |
| 8-Sep-87 | NSI | Northwest Shroom Industries Ltd | EOP Date Fixed |
| 7-Sep-87 | NMZ | Norman Resources Ltd | Warrants Called to Trade |
| 7-Sep-87 | RCF | Radcliffe Resources Ltd | Warrants Called to Trade |
| 7-Sep-87 | SFE | Surf Inlet Mines Ltd | EOP Conditional Listing |
| 2-Sep-87 | ZNO | Zenco Resources Inc | Warrants Called to Trade |
| 1-Sep-87 | SFM | Ski-Free Marine Inc | EOP Date Fixed |
| 31-Aug-87 | NSI | Northwest Shroom Industries Ltd | EOP Conditional Listing |
| 28-Aug-87 | OSY | Odyssey Resources Ltd | Acquisition |
| 28-Aug-87 | VCC | Versatile Corporation | Warrants Called to Trade |
| 27-Aug-87 | OHR | O'Hara Resources Ltd | Warrants Called to Trade |
| 21-Aug-87 | GKR | Golden Knight Resources Inc | Units Separation |
| 20-Aug-87 | AA | A & A Foods Ltd | EOP Completed |
| 17-Aug-87 | AA | A & A Foods Ltd | EOP Date Fixed |
| 17-Aug-87 | SFM | Ski-Free Marine Inc | EOP Conditional Listing |
| 11-Aug-87 | AJJ | Arizona Jojoba Inc | Warrants Called to Trade |
| 7-Aug-87 | GIG | Gigi Oil & Gas Ltd | Warrants Called to Trade |
| 7-Aug-87 | TNM | Tashota-Nipigon Mines Ltd | Warrants Called to Trade |
| 5-Aug-87 | GKR | Golden Knight Resources Inc | Warrants Called to Trade |
| 29-Jul-87 | MMO | MMT Resources Ltd | EOP Date Fixed |
| 28-Jul-87 | CVK | Consolidated Amhawk Enterprises Ltd | Warrants Called to Trade |
| 27-Jul-87 | CZG | Cheni Gold Mines Inc | Warrants Called to Trade |
| 24-Jul-87 | ALY | Allied Cellular Systems Limited | EOP Date Fixed |
| 24-Jul-87 | MMO | MMT Resources Ltd | EOP Date Fixed |
| 24-Jul-87 | NXS | Nexus Resource Corporation | Warrants Called to Trade |
| 20-Jul-87 | DCS | Digital Composition Systems Ltd | Symbol Change |
| 17-Jul-87 | ALY | Allied Cellular Systems Limited | EOP Conditional Listing |
| 15-Jul-87 | NJY | Newjay Resources Ltd | Warrants Called to Trade |
| 14-Jul-87 | SAD | Silverado Mines Ltd | Warrants Called to Trade |
| 10-Jul-87 | COR | Cominco Resources International Ltd | Warrants Called to Trade |
| 9-Jul-87 | BUI | Bauska International (BC) Ltd | Name Change |
| 6-Jul-87 | HYN | Halcyon Resources Ltd | Warrants Called to Trade |
| 6-Jul-87 | IWS | International Wildrose Resources | Warrants Called to Trade |
| 2-Jul-87 | RWL | Richwell Resources Limited | Rights Offering |
| 26-Jun-87 | NFI | New Signet Resources Inc | Warrants Called to Trade |
| 12-Jun-87 | ASB | Ashburton Oil Ltd | Warrants Called to Trade |
| 12-Jun-87 | BUI | Bauska International (BC) Ltd | New Listing |
| 12-Jun-87 | PID | Pan Island Resource Corp | EOP Completed |
| 11-Jun-87 | TQR | Tenquille Resources Ltd | Warrants Called to Trade |
| 10-Jun-87 | MKO | Mikado Resources Ltd | Warrants Called to Trade |
| 5-Jun-87 | ELI | E L E Energy Inc | Warrants Called to Trade |
| 3-Jun-87 | MRE | Melissa Resources Inc | Warrants Called to Trade |
| 28-May-87 | AZG | Australian Gold Mines Corporation | EOP Completed |
| 27-May-87 | AZG | Australian Gold Mines Corporation | EOP Date Fixed |
| 25-May-87 | PID | Pan Island Resource Corp | EOP Conditional Listing |
| 21-May-87 | CW | Crew Minerals Inc | EOP Conditional Listing |
| 20-May-87 | BVE | Brandevor Enterprises Ltd | EOP Completed |
| 18-May-87 | AZG | Australian Gold Mines Corporation | EOP Conditional Listing |
| 14-May-87 | NNN | Noramco Mining Corporation | New Listing |
| 13-May-87 | HG | Haines Gypsum Inc | New Listing |
| 11-May-87 | DKR | Decker Resources Ltd | Warrants Called to Trade |
| 6-May-87 | CKN | Consolidated NRD Resources Ltd | Warrants Called to Trade |
| 4-May-87 | RGM | Royex Gold Mining Corporation | Warrants Called to Trade |
| 1-May-87 | IMP | International Maple Leaf Resources | Warrants Called to Trade |
| 30-Apr-87 | BVE | Brandevor Enterprises Ltd | EOP Conditional Listing |
| 30-Apr-87 | DCS | Digital Composition Systems Ltd | EOP Completed |
| 28-Apr-87 | SPU | Supertech Industries Ltd | Warrants Called to Trade |
| 27-Apr-87 | ASK | Alaska Apollo Gold Mines Ltd | Warrants Called to Trade |
| 24-Apr-87 | CYH | Continental Tyre Ltd | EOP Date Fixed |
| 24-Apr-87 | RWL | Richwell Resources Limited | Rights Offering |
| 22-Apr-87 | CYH | Continental Tyre Ltd | EOP Conditional Listing |
| 15-Apr-87 | AOS | Alotta Resources Ltd | Warrants Called to Trade |
| 10-Apr-87 | MRS | Mariah Resources Ltd | Warrants Called to Trade |
| 7-Apr-87 | PDE | Pride Resources Ltd | Warrants Called to Trade |
| 3-Apr-87 | IPY | International Phoenix Energy Corp | Warrants Called to Trade |
| 3-Apr-87 | ITA | International Texcan Tech Corp | Warrants Called to Trade |
| 3-Apr-87 | TKS | Tamavack Resources Inc | Warrants Called to Trade |
| 30-Mar-87 | HEX | Hemlo Explorations Ltd | Warrants Called to Trade |
| 17-Mar-87 | MPL | Maple Technology Ltd | Warrants Called to Trade |
| 11-Mar-87 | OTR | Orotek Resources Corporation | Warrants Called to Trade |
| 9-Mar-87 | RMP | Rampart Resources Ltd | Warrants Called to Trade |
| 6-Mar-87 | ZNO | Zenco Resources Inc | Warrants Called to Trade |
| 2-Mar-87 | CEB | Consolidated Omab Enterprise | Rights Offering |
| 18-Feb-87 | SKE | Skeena Resources Ltd | Warrants Called to Trade |
| 16-Feb-87 | MEX | Mariner Explorations Inc | Warrants Called to Trade |
| 11-Feb-87 | HRL | Harlin Resources Limited | Warrants Called to Trade |
| 10-Feb-87 | RCN | Rimacan Resources Ltd (NPL) | Warrants Called to Trade |
| 5-Feb-87 | IBU | International Burgers Now Ltd | Warrants Called to Trade |
| 3-Feb-87 | DEE | Del Norte Chrome Corporation | Warrants Called to Trade |
| 2-Feb-87 | TNO | Tenore Resource Corporation | Warrants Called to Trade |
| 29-Jan-87 | BGD | B G M Diversified Energy Inc | Warrants Called to Trade |
| 19-Jan-87 | NXP | Noxe Resource Corporation | Warrants Called to Trade |
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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.