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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 - 1991
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 24-Dec-91 | RVA | Riva Petroleum Inc | Warrants Called to Trade |
| 24-Dec-91 | RYO | Royal Oak Mines Inc | Warrants Called to Trade |
| 13-Dec-91 | TJV | Trojan Ventures Inc | SMF Date Price Fixed |
| 4-Dec-91 | RXF | Rex Furs | EOP Conditional Listing |
| 3-Dec-91 | RRO | Red Rock Mining Corporation | Warrants Update |
| 2-Dec-91 | RRO | Red Rock Mining Corporation | New Listing |
| 25-Nov-91 | TSO | Tombstone Explorations Co Ltd | EOP Completed |
| 21-Nov-91 | TSO | Tombstone Explorations Co Ltd | EOP Date Fixed |
| 18-Nov-91 | CDF | Canadian Frobisher Resources Ltd | New Listing |
| 18-Nov-91 | FBR | Frobisher Resources Ltd | Amalgamation |
| 14-Nov-91 | NNN | Noramco Mining Corporation | Warrants Called to Trade |
| 8-Nov-91 | FLY | CHC Helicopter Corp | Warrants Called to Trade |
| 1-Nov-91 | TOL | Toltec Resources Ltd | Warrants Called to Trade |
| 29-Oct-91 | DBC | Dundee Bancorp Inc | New Listing |
| 24-Oct-91 | KHO | Kinghorn Petroleum Corporation | Warrants Called to Trade |
| 7-Oct-91 | IEQ | IBL Equities Ltd | EOP Conditional Listing |
| 3-Oct-91 | WBE | Westbond Enterprises Corporation | EOP Conditional Listing |
| 26-Sep-91 | PRW | Promark Software Inc | Warrants Called to Trade |
| 23-Sep-91 | ALQ | Alpha Gold Corp | Warrants Called to Trade |
| 12-Sep-91 | COT | Coscan Development Corp | Warrants Called to Trade |
| 10-Sep-91 | PGU | Pegasus Gold Inc | Warrants Called to Trade |
| 9-Sep-91 | CWC | Commonwealth Gold Corporation | Warrants Called to Trade |
| 9-Sep-91 | PGU | Pegasus Gold Inc | Warrants Called to Trade |
| 23-Aug-91 | JDX | Jordex Resources Inc | Warrants Called to Trade |
| 2-Aug-91 | TEK | Teck Corp | Warrants Called to Trade |
| 31-Jul-91 | CCM | Canarc Resource Corp | Warrants Called to Trade |
| 30-Jul-91 | CUA | Communication Intelligence Corp | Warrants Called to Trade |
| 30-Jul-91 | RIC | Richmont Mines Inc | New Listing |
| 23-Jul-91 | JDX | Jordex Resources Inc | Warrants Called to Trade |
| 17-Jul-91 | SFV | Safeguard Ventures Inc | Warrants Called to Trade |
| 17-Jul-91 | TSO | Tombstone Explorations Co Ltd | EOP Conditional Listing |
| 9-Jul-91 | FFD | Fairfield Minerals Ltd | Warrants Called to Trade |
| 4-Jul-91 | PLI | PLC Systems Inc | SMF Date Price Fixed |
| 2-Jul-91 | TEK | Teck Corp | Warrants Called to Trade |
| 25-Jun-91 | HBG | Hope Brook Gold Inc | Warrants Expire |
| 19-Jun-91 | BDX | Bordeaux Resources Ltd | Warrants Called to Trade |
| 19-Jun-91 | PES | Pesava International Corp | EOP Completed |
| 18-Jun-91 | PES | Pesava International Corp | EOP Date Fixed |
| 11-Jun-91 | BHO | Barkhor Resources Inc | Warrants Called to Trade |
| 11-Jun-91 | BTR | Beretta Resource Corp | Warrants Called to Trade |
| 7-Jun-91 | PES | Pesava International Corp | EOP Conditional Listing |
| 7-Jun-91 | POC | Poco Petroleums Ltd | New Listing |
| 7-Jun-91 | TPG | ITP Thermal Packaging Inc | Warrants Expire |
| 7-Jun-91 | VGR | Voyager Energy Inc | Plan of Arrangement |
| 5-Jun-91 | YGC | YGC Resources Ltd | EOP Completed |
| 4-Jun-91 | YGC | YGC Resources Ltd | EOP Date Fixed |
| 21-May-91 | AQB | Aqua 1 Beverage Company, Inc | Warrants Called to Trade |
| 14-May-91 | IDO | Idaho Consolidated Metals Inc | EOP Completed |
| 10-May-91 | LKI | Loki Gold Corporation | Warrants Called to Trade |
| 9-May-91 | IIR | International Impala Resources Ltd | Correction |
| 9-May-91 | TTU | Tantalus Resources Ltd | Warrants Called to Trade |
| 8-May-91 | IIR | International Impala Resources Ltd | Warrants Expire |
| 6-May-91 | GGR | Goodgold Resources Ltd | Warrants Called to Trade |
| 1-May-91 | GDZ | Golden Ring Resources | Warrants Called to Trade |
| 30-Apr-91 | IDO | Idaho Consolidated Metals Inc | EOP Date Fixed |
| 29-Apr-91 | GRI | Glider Developments Inc | Warrants Called to Trade |
| 29-Apr-91 | RYI | Royce Industries Inc | Rights Offering |
| 26-Apr-91 | FBR | Frobisher Resources Ltd | Warrants Called to Trade |
| 22-Apr-91 | THI | Thios Resources Inc. | Warrants Called to Trade |
| 12-Apr-91 | IDO | Idaho Consolidated Metals Inc | EOP Conditional Listing |
| 12-Apr-91 | STN | Super Twins Resources Ltd | EOP Completed |
| 9-Apr-91 | CCK | Consolidated Carina Resources Corp | Warrants Called to Trade |
| 2-Apr-91 | CWV | Croesus Resources Inc | Warrants Called to Trade |
| 27-Mar-91 | STN | Super Twins Resources Ltd | EOP Date Fixed |
| 13-Mar-91 | RYI | Royce Industries Inc | Rights Offering |
| 12-Mar-91 | MGR | Moraga Resources Ltd | Correction |
| 12-Mar-91 | MLM | Metall Mining Corporation | Warrants Called to Trade |
| 4-Mar-91 | PUL | Pulse Resources Ltd | Warrants Called to Trade |
| 25-Feb-91 | VOR | Vortex Energy Systems Inc | Warrants Called to Trade |
| 22-Feb-91 | CCU | Consolidated Caprock Resources Ltd | Warrants Not Exercised |
| 22-Feb-91 | TMZ | Tymar Resources Inc | Warrants Called to Trade |
| 21-Feb-91 | SKE | Skeena Resources Ltd | Warrants Called to Trade |
| 20-Feb-91 | GPP | Giant Pacific Petroleum Inc | Warrants Called to Trade |
| 20-Feb-91 | STN | Super Twins Resources Ltd | EOP Conditional Listing |
| 18-Feb-91 | WHD | Wirlwind Resources Ltd | Warrants Called to Trade |
| 8-Feb-91 | PAX | Pacific Century Explorations Ltd | Warrants Called to Trade |
| 7-Feb-91 | TTH | Title Technologies Inc | Warrants Called to Trade |
| 5-Feb-91 | CYN | Consolidated Ramrod Gold Corp | Warrants Called to Trade |
| 5-Feb-91 | TTH | Title Technologies Inc | Warrants Called to Trade |
| 28-Jan-91 | ECR | Encor Inc | Warrants Called to Trade |
| 10-Jan-91 | RRS | Consolidated Rhodes Resources | 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.