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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 - 1995
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 20-Dec-95 | BTE | Baytex Energy Ltd | EOP Completed |
| 19-Dec-95 | TPT | Tappit Resources Ltd | Warrants Called to Trade |
| 18-Dec-95 | FAP | First Australiz Prime Income Inv. Co. | Warrants Called to Trade |
| 14-Dec-95 | IRL | Indomin Resources Ltd | SMF Date Price Fixed |
| 13-Dec-95 | BIR | Birchwood Ventures Ltd | SMF Date Price Fixed |
| 13-Dec-95 | CPP | Copperstone Resources Corporation | SMF Date Price Fixed |
| 13-Dec-95 | SNP | Sinorank Petroleum Resources Ltd | EOP Date Fixed |
| 13-Dec-95 | TPV | Tapestry Ventures Ltd | Warrants Called to Trade |
| 11-Dec-95 | SEY | Spire Energy Ltd | Warrants Called to Trade |
| 4-Dec-95 | AZ | Atlas Corporation | Warrants Called to Trade |
| 1-Dec-95 | SNP | Sinorank Petroleum Resources Ltd | EOP Conditional Listing |
| 1-Dec-95 | SUF | SouthernEra Resources Limited | Warrants Called to Trade |
| 29-Nov-95 | DPE | Drake Pacific Enterprises | EOP Completed |
| 27-Nov-95 | GSL | Greystar Resources Ltd | Warrants Called to Trade |
| 24-Nov-95 | ADA | Adda Minerals Company Limited | Warrants Called to Trade |
| 24-Nov-95 | TCR | Three County Recycling&Composting Inc | Warrants Called to Trade |
| 22-Nov-95 | KAR | Kap Resources Ltd | Warrants Called to Trade |
| 21-Nov-95 | IUS | International Utility Structures Inc | New Listing |
| 21-Nov-95 | PXL | Portman Explorations Ltd | Warrants Called to Trade |
| 21-Nov-95 | SGU | Stirrup Creek Gold Ltd | EOP Completed |
| 21-Nov-95 | VEN | Vengold Inc | Warrants Called to Trade |
| 20-Nov-95 | GSL | Greystar Resources Ltd | Warrants Called to Trade |
| 20-Nov-95 | TEN | Tee-Comm Electronics Inc | Warrants Called to Trade |
| 17-Nov-95 | ASZ | American Sensors Inc | Warrants Called to Trade |
| 8-Nov-95 | AGL | Alma Oil & Gas Ltd | New Listing |
| 7-Nov-95 | SGU | Stirrup Creek Gold Ltd | EOP Date Fixed |
| 3-Nov-95 | SBA | Slumber-Magic Adjustable Bed Co Ltd | SMF Date Price Fixed |
| 31-Oct-95 | CFN | Cranefield International Inc | EOP Completed |
| 30-Oct-95 | KDC | Kimberley Diamond Company NL | New Listing |
| 20-Oct-95 | GKR | Golden Knight Resources Inc | Warrants Called to Trade |
| 18-Oct-95 | HPC | Hyal Pharmaceutical Corporation | Warrants Called to Trade |
| 17-Oct-95 | MAG | Magin Energy Inc | Warrants Called to Trade |
| 17-Oct-95 | NTO | Neutrino Resources Inc | New Listing |
| 16-Oct-95 | WRM | Wheaton River Minerals Ltd | Warrants Called to Trade |
| 12-Oct-95 | CFN | Cranefield International Inc | EOP Date Fixed |
| 2-Oct-95 | KRY | Crystallex International Corporation | Warrants Called to Trade |
| 27-Sep-95 | FDP | Fresco Developments Ltd | Warrants Called to Trade |
| 25-Sep-95 | AAO | Art of Animation Galleries Ltd (The) | Warrants Called to Trade |
| 25-Sep-95 | NGT | Newgate Resources Ltd | Warrants Called to Trade |
| 22-Sep-95 | AAE | AACE Environmental Services Inc | Warrants Called to Trade |
| 22-Sep-95 | CGU | Classic Gold Resources Limited | Warrants Called to Trade |
| 20-Sep-95 | SCS | SCS Solars Computing Systems Inc | Warrants Called to Trade |
| 20-Sep-95 | VSY | Voisey Bay Resources Inc | Warrants Called to Trade |
| 14-Sep-95 | HDD | Haddington Resources Ltd | SMF Date Price Fixed |
| 14-Sep-95 | MAG | Magin Energy Inc | Prospectus Approved |
| 14-Sep-95 | NCW | Northern Crown Mines Ltd | Warrants Called to Trade |
| 14-Sep-95 | OPP | Optima Petroleum Corporation | Warrants Called to Trade |
| 11-Sep-95 | SCS | SCS Solars Computing Systems Inc | SMF Approved |
| 6-Sep-95 | NCW | Northern Crown Mines Ltd | SMF Approved |
| 5-Sep-95 | PCS | PCS Wireless Inc | Warrants Called to Trade |
| 28-Aug-95 | KNN | Kensington Energy Ltd | New Listing |
| 28-Aug-95 | PGG | Peregrine Oil and Gas Ltd | New Listing |
| 22-Aug-95 | GOX | Goldlinx International Inc | Warrants Called to Trade |
| 31-Jul-95 | AMC | Abacus Minerals Corporation | SMF Date Price Fixed |
| 28-Jul-95 | SGU | Stirrup Creek Gold Ltd | EOP Conditional Listing |
| 21-Jul-95 | GLP | Globelle Corp | Warrants Called to Trade |
| 17-Jul-95 | IVY | Ivory Oils & Minerals Inc | SMF Date Price Fixed |
| 14-Jul-95 | CFN | Cranefield International Inc | EOP Conditional Listing |
| 14-Jul-95 | CMB | Canmore Resources Ltd | SMF Date Price Fixed |
| 13-Jul-95 | LVN | Levon Resources Ltd | SMF Date Price Fixed |
| 13-Jul-95 | PMC | Princeton Mining Corporation | Warrants Announced |
| 10-Jul-95 | WS | Western Star Trucks Holdings Ltd | New Listing |
| 7-Jul-95 | KMV | Kismet Ventures Inc | SMF Date Price Fixed |
| 30-Jun-95 | MAG | Magin Energy Inc | Prospectus Approved |
| 28-Jun-95 | NBX | Nebex Resources Ltd | Warrants Called to Trade |
| 26-Jun-95 | CCG | Canadian Reserve Gold Corporation | Warrants Not Exercised |
| 15-Jun-95 | CCG | Canadian Reserve Gold Corporation | Warrants Expire |
| 9-Jun-95 | BTK | Beckett Technologies Corp | Warrants Called to Trade |
| 26-May-95 | GMT | Grandmaster Technologies Inc | SMF Date Price Fixed |
| 18-May-95 | IMN | Inmet Mining Corp | New Listing |
| 16-May-95 | INB | International Thunderbird Gaming Corp | Warrants Called to Trade |
| 15-May-95 | CL | Clarion Environmental Tech Inc | Warrants Called to Trade |
| 4-May-95 | DLX | Dylex Ltd | Warrants Called to Trade |
| 2-May-95 | FRH | Fairhaven Resources Ltd | SMF Date Price Fixed |
| 28-Apr-95 | CWQ | Curlew Lake Resources Inc | Warrants Called to Trade |
| 28-Apr-95 | INV | International Nickel Ventures Corp | Warrants Update |
| 27-Apr-95 | INV | International Nickel Ventures Corp | Warrants Update |
| 27-Apr-95 | KRD | Kernow Resources and Dev Ltd | EOP Date Fixed |
| 24-Apr-95 | GWR | Goldwater Resources Ltd | SMF Date Price Fixed |
| 24-Apr-95 | KRD | Kernow Resources and Dev Ltd | EOP Amended |
| 18-Apr-95 | NPX | Nu-Apex Energy Corp | Trading Resumes |
| 13-Apr-95 | CA | Canadian Airlines Corporation | Correction |
| 13-Apr-95 | PFO | Pentland Firth Ventures Ltd | Warrants Called to Trade |
| 12-Apr-95 | BTA | B T Canada Securities Inc | Put Warrants Listed |
| 6-Apr-95 | NGT | Newgate Resources Ltd | Warrants Called to Trade |
| 24-Mar-95 | ATX | Acetex Corporation | New Listing |
| 17-Mar-95 | CL | Clarion Environmental Technologies Inc | Rights Offering |
| 16-Mar-95 | ITM | Innotech Multimedia Corporation | New Listing |
| 15-Mar-95 | PSP | Pacific Safety Products Inc | New Listing |
| 8-Mar-95 | GTE | Greenstar Telecommunications Inc | Name Change |
| 1-Mar-95 | NTD | Noron Tech Ltd | Rights Offering |
| 27-Feb-95 | PMN | Poseidon Minerals Ltd | Rights Offering |
| 15-Feb-95 | SAU | Sunalta Energy Inc | Amalgamation |
| 15-Feb-95 | SUA | Sunalta Energy Inc | Amalgamation |
| 13-Feb-95 | CGI | Canadian General Investments Ltd | Warrants Called to Trade |
| 8-Feb-95 | IWI | ITI World Investment Group | Expiry Date Extended |
| 25-Jan-95 | IKE | International Keystone Ent Inc | Warrants Called to Trade |
| 16-Jan-95 | PUG | Pure Gold Resources Inc | Warrants Called to Trade |
| 13-Jan-95 | EAG | East Africa Gold Corp | New Listing |
| 9-Jan-95 | GTP | Golden Trend Petroleum Ltd | New Listing |
| 4-Jan-95 | AAO | Art of Animation Galleries Ltd (The) | Separation of Units |
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Warrant Calculators
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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.