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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 - 1994
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 30-Dec-94 | IVI | International Verifact Inc | Warrants Called to Trade |
| 21-Dec-94 | SEY | Spire Energy Ltd | Warrants Called to Trade |
| 29-Nov-94 | AQV | AQM Automotive Corporation | Expiry Date Extended |
| 15-Nov-94 | HRC | Harmac Pacific Inc | Warrants Delisting |
| 11-Nov-94 | EXE | Extendicare Inc | New Listing |
| 4-Nov-94 | NUG | Nugget Resources Inc | New Listing |
| 2-Nov-94 | CEL | Camberly Energy Ltd | Warrants Called to Trade |
| 27-Oct-94 | AAE | AACE Environmental Services Inc | New Listing |
| 27-Oct-94 | GUY | Guyana Gold Corp | Warrants Called to Trade |
| 26-Oct-94 | PXX | Patrician Gold Mines Ltd | New Listing |
| 25-Oct-94 | PRE | Panoil Resources Ltd | Warrants Called to Trade |
| 14-Oct-94 | BGO | Bema Gold Corporation | Warrants Called to Trade |
| 11-Oct-94 | BPY | Belfast Petroleum Inc | New Listing |
| 7-Oct-94 | DAP | Davenport Resources Ince | EOP Conditional Listing |
| 4-Oct-94 | ALT | ALI Technologies Inc | EOP Completed |
| 4-Oct-94 | HRC | Harmac Pacific Inc | Warrants Called to Trade |
| 30-Sep-94 | ALT | ALI Technologies Inc | EOP Date Fixed |
| 30-Sep-94 | ATV | Atlantis Communications Inc | Warrants Called to Trade |
| 20-Sep-94 | CBD | Cumberland Resources Ltd | Warrants Called to Trade |
| 20-Sep-94 | ITU | International Taurus Resources | Warrants Called to Trade |
| 19-Sep-94 | CQ | Canquest Resources Corp | EOP Conditional Listing |
| 15-Sep-94 | BNT | Brandselite International Corp | New Listing |
| 6-Sep-94 | YUM | Yuma Gold Mines Ltd | Warrants Called to Trade |
| 31-Aug-94 | ECI | Ecuadorean Copperfields Inc | Warrants Called to Trade |
| 30-Aug-94 | KHA | Knighthawk Airlines Inc | Warrants Called to Trade |
| 29-Aug-94 | PSO | Profco Resources Ltd | Warrants Called to Trade |
| 29-Aug-94 | CBX | Cambiex Exploration Inc | Warrants Called to Trade |
| 25-Aug-94 | LOL | Canadian Leader Energy Inc | Name Change |
| 23-Aug-94 | CSS | Contrans Corp | Warrants Called to Trade |
| 22-Aug-94 | BXP | Burner Exploration Limited | Warrants Called to Trade |
| 22-Aug-94 | CKY | Consolidated Kassam Resources Inc | SMF Date Price Fixed |
| 22-Aug-94 | GLE | Global Thermoelectric Inc | New Listing |
| 19-Aug-94 | FEC | Fox Energy Corporation | New Listing |
| 17-Aug-94 | SEE | Southesk Energy Ltd | New Listing |
| 16-Aug-94 | SOE | Starcore Resources Ltd | Warrants Called to Trade |
| 4-Aug-94 | ALT | ALI Technologies Inc | EOP Conditional Listing |
| 27-Jul-94 | MIN | Minprotech Mining Ltd | New Listing |
| 22-Jul-94 | TZC | Trizec Corp Ltd | New Listing |
| 22-Jul-94 | TZC | Trizec Corp Ltd | Shares Delisted |
| 18-Jul-94 | ACL | Achilles Resources Ltd | New Listing |
| 11-Jul-94 | DVT | Devine Entertainment Corp | New Listing |
| 8-Jul-94 | AVN | Anvil Resources Ltd | Warrants Called to Trade |
| 5-Jul-94 | RNG | Rio Narcea Gold Mines Ltd | New Listing |
| 28-Jun-94 | ATL | Amusements International Ltd | Warrants Called to Trade |
| 23-Jun-94 | AXR | Aurex Resources Corp | Warrants Called to Trade |
| 20-Jun-94 | BRO | Braddick Resources Ltd | EOP Completed |
| 20-Jun-94 | BRO | Braddick Resources Ltd | Warrants Called to Trade |
| 20-Jun-94 | CCG | Canadian Reserve Gold Corporation | Warrants Called to Trade |
| 13-Jun-94 | SBR | September Resources Ltd | Warrants Called to Trade |
| 2-Jun-94 | LOL | Leader Oil & Gas Ltd | Expiry Date Extended |
| 30-May-94 | SKG | Sikaman Gold Resources Ltd | Warrants Called to Trade |
| 26-May-94 | LVR | Lateral Vector Resources Inc | New Listing |
| 26-May-94 | RCG | Receptagen Ltd | Warrants Called to Trade |
| 20-May-94 | BDS | Bard Silver & Gold Ltd | Warrants Called to Trade |
| 20-May-94 | MXO | Minto Explorations | EOP Completed |
| 19-May-94 | BOW | Bowridge Resource Group Inc | Warrants Called to Trade |
| 10-May-94 | APG | Apex Energy Corp | Warrants Called to Trade |
| 10-May-94 | NVA | Nova Corporation of Alberta | Substitional Listing |
| 5-May-94 | AQP | Arequipa Resources Ltd | Warrants Called to Trade |
| 4-May-94 | TPV | Tapestry Ventures Ltd | Warrants Called to Trade |
| 2-May-94 | MXO | Minto Explorations | EOP Date Fixed |
| 26-Apr-94 | ASL | Alpine Oil Services Corporation | Warrants Called to Trade |
| 26-Apr-94 | PWA | PWA Corp | Warrants Update |
| 19-Apr-94 | PWA | PWA Corp | Warrants Update |
| 18-Apr-94 | MXO | Minto Explorations | Correction |
| 18-Apr-94 | OJO | O.J. Oil and Gas Corporation | Warrants Called to Trade |
| 15-Apr-94 | MXO | Minto Explorations | EOP Conditional Listing |
| 13-Apr-94 | PWA | PWA Corp | Warrants Called to Trade |
| 12-Apr-94 | SAB | Sarabat Gold Corporation | Warrants Called to Trade |
| 11-Apr-94 | SCL | Shaw Communications Inc | Warrants Called to Trade |
| 7-Apr-94 | HDD | Haddington Resources Ltd | Warrants Called to Trade |
| 7-Apr-94 | SCL | SR Telecom Inc | Warrants Update |
| 6-Apr-94 | ALN | Arling Resources Ltd | Rights Offering |
| 5-Apr-94 | CVU | Cyn-Tech Ventures Ltd | Warrants Called to Trade |
| 31-Mar-94 | BPO | Bearing Power ( Canada) Ltd | New Listing |
| 31-Mar-94 | MA | Mining & Allied Supplies Ltd | Name Change |
| 17-Mar-94 | GAS | Granger Energy Corp | New Listing |
| 14-Mar-94 | SWY | Sway Resources Inc | Warrants Called to Trade |
| 14-Mar-94 | TEL | Templar Energy Ltd | Warrants Called to Trade |
| 14-Mar-94 | TNR | Toscana Resources Ltd | Warrants Called to Trade |
| 11-Mar-94 | EQX | Equinox Minerals Ltd | Amalgamation |
| 11-Mar-94 | ESA | Easy Street Adventures Inc | New Listing |
| 11-Mar-94 | HL | Hecla Mining Company | New Listing |
| 25-Feb-94 | LCR | Lucero Resource Corp | Warrants Called to Trade |
| 24-Feb-94 | IWI | ITI World Investment Group | New Listing |
| 24-Feb-94 | ROM | Rio Algom Limited | Warrants Called to Trade |
| 21-Feb-94 | URP | United Reef Limited | Warrants Called to Trade |
| 18-Feb-94 | MPY | Master Player Home Ent Corp | Warrants Called to Trade |
| 17-Feb-94 | BPT | B G R Precious Metals Inc | Warrants Called to Trade |
| 15-Feb-94 | LOL | Leader Oil & Gas Ltd | Warrants Called to Trade |
| 15-Feb-94 | SBV | Santa Barbara Ventures Ltd | Warrants Called to Trade |
| 15-Feb-94 | SVB | Silverwing Energy Inc | Warrants Called to Trade |
| 11-Feb-94 | TRK | Trimark Resources Ltd | Warrants Called to Trade |
| 7-Feb-94 | TBE | Tenby Developments Ltd | Warrants Called to Trade |
| 7-Feb-94 | WWZ | Willow Resources Ltd | Warrants Called to Trade |
| 1-Feb-94 | BEA | Bearcat Explorations Ltd | Warrants Called to Trade |
| 1-Feb-94 | SWT | Silent Witness Enterprises Ltd | Warrants Called to Trade |
| 31-Jan-94 | MCB | McCulloch's Canadian Beverages Inc | Warrants Called to Trade |
| 26-Jan-94 | MNP | Madison Enterprises Corp | Warrants Called to Trade |
| 26-Jan-94 | SET | Seprotech Systems Incorporated | New Listing |
| 24-Jan-94 | AVM | Arlington Ventures Ltd | Warrants Called to Trade |
| 21-Jan-94 | FTK | Flotek Industries Inc | Warrants Called to Trade |
| 20-Jan-94 | DTS | Data Trax Systems Inc | Warrants Called to Trade |
| 19-Jan-94 | DDX | Double Down Resources Ltd | Warrants Called to Trade |
| 19-Jan-94 | IOL | International Onword Learning Systems | Warrants Called to Trade |
| 10-Jan-94 | WON | Wayburn Oil & Natural Gas Corp | 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.
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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.