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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



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Canadian Flag Warrant News - 1989







Warrant News Archive (1984 – Present)




Date Sym Company News
       
29-Dec-89 AEL Ameritel Management Inc Warrants Called to Trade
29-Dec-89 SEN Strike Energy Inc Warrants Called to Trade
29-Dec-89 SUJ Suntac Minerals Corporation Warrants Called to Trade
28-Dec-89 CRN Cross Lake Minerals Ltd Warrants Called to Trade
8-Dec-89 PTG Panterra Energy Inc Rights Offering
5-Dec-89 DUF Dufresnoy Societe d'Exploration Inc Warrants Called to Trade
5-Dec-89 MAZ Mazarin Inc Warrants Called to Trade
5-Dec-89 VIO Vior Inc Warrants Called to Trade
1-Dec-89 TOS Tridon Oil & Gas Ltd EOP Completed
29-Nov-89 RDS Radisson Inc Warrants Called to Trade
21-Nov-89 KOO Kokanee Explorations Ltd EOP Completed
21-Nov-89 TOS Tridon Oil & Gas Ltd EOP Date Fixed
16-Nov-89 BDG Bridger Resources Inc Warrants Called to Trade
16-Nov-89 KOO Kokanee Explorations Ltd EOP Date Fixed
14-Nov-89 KOO Kokanee Explorations Ltd EOP Conditional Listing
8-Nov-89 RRE Reg Resources Corporation Rights Offering
2-Nov-89 PDD P.D.C. Industrial Coatings Inc Warrants Called to Trade
1-Nov-89 TOS Tridon Oil & Gas Ltd EOP Conditional Listing
31-Oct-89 OPL Optival International Laboratories EOP Completed
18-Oct-89 OPL Optival International Laboratories EOP Date Fixed
4-Oct-89 TUM Triumph Resources Ltd Warrants Called to Trade
22-Sep-89 CPA Canadian Patricia Exploration Ltd EOP Completed
14-Sep-89 NHB New Hiberian Resources Inc Rights Offering
31-Aug-89 AFB American Fibre Corporation Warrants Called to Trade
30-Aug-89 KAS Kam Scientific Inc EOP Conditional Listing
24-Aug-89 HUN Huntington Resources Ltd Correction
22-Aug-89 ADL Adrian Resources Ltd Warrants Called to Trade
17-Aug-89 TUM Triumph Resources Ltd Rights Offering
10-Aug-89 SKO Saskatchewan Oil Warrants Called to Trade
10-Aug-89 WM Westpine Metals Ltd EOP Date Fixed
19-Jul-89 RRE Reg Resources Corporation Rights Offering
7-Jul-89 CNS Consolidated Heron Resources Ltd Warrants Called to Trade
28-Jun-89 OPL Optival International Laboratories EOP Conditional Listing
22-Jun-89 HXG Hixon Gold Resources EOP Completed
9-Jun-89 CH Corptech Industries Inc Warrants Called to Trade
9-Jun-89 HXG Hixon Gold Resources EOP Date Fixed
15-May-89 CMY Commander Resources Ltd EOP Completed
11-May-89 CMY Commander Resources Ltd EOP Date Fixed
20-Apr-89 APS Austral Pacific Gold Corporation EOP Conditional Listing
10-Apr-89 G Goldcorp Investments Limited Warrants Called to Trade
6-Apr-89 FLD Fairchild Gold Corporation Warrants Called to Trade
4-Apr-89 HFR High Frontier Resources Ltd EOP Completed
31-Mar-89 HFR High Frontier Resources Ltd EOP Completed
30-Mar-89 HI The Hello Channel Inc EOP Date Fixed
22-Mar-89 IBI International Brace Resources Inc Warrants Called to Trade
13-Mar-89 PSM Pioneer Metals Corp Warrants Called to Trade
13-Mar-89 SUJ Suntac Minerals Corporation Warrants Called to Trade
10-Mar-89 UCI Universal Composites Inc Conditional Listing
27-Feb-89 CS Carousel Capital Corp EOP Conditional Listing
24-Feb-89 AMI American Reserve Mining Corporation Amalgamation
22-Feb-89 GRI Glider Resources Inc. Warrants Called to Trade
13-Feb-89 CMY Commander Resources Ltd EOP Conditional Listing
7-Feb-89 BPQ B.C. Pacific Capital Corporation Warrants Called to Trade
11-Jan-89 NQL National Quick Lube Ltd New Listing

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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.
  • 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.