Donations
If you find this site
informative please donate, every
donation helps us keep up with hosting
costs. Thanks!
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
Charts
Gold Prices
Silver Prices
Platinum Prices
Palladium Prices
Visitors
Warrant News - 1997
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 31-Dec-97 | KGI | Cryderman Gold Inc | EOP Conditional Listing |
| 19-Dec-97 | SNO | Snowfield Resources Ltd | EOP Date Fixed |
| 12-Dec-97 | CVL | CVL Resources Ltd | Warrants Called to Trade |
| 9-Dec-97 | ATD | Alimentation Couche-Tard Inc | Warrants Expire |
| 4-Dec-97 | NDA | NRI On-Line Inc | New Listing |
| 17-Nov-97 | MCB | McCoy Bros Inc | New Listing |
| 14-Nov-97 | LSE | Lone Star Exploration | Rights Offering |
| 11-Nov-97 | GPR | Golden Palm Resources Ltd | Warrants Called to Trade |
| 7-Nov-97 | CJG | Christopher James Gold Corp | EOP Completed |
| 30-Oct-97 | SNO | Snowfield Resources Ltd | EOP Conditional Listing |
| 29-Oct-97 | AFI | Asia Pacific Concrete Inc | EOP Date Fixed |
| 21-Oct-97 | TSY | Tuscany Resources Ltd | Warrants Called to Trade |
| 20-Oct-97 | CYP | Cypress Minerals Corp | Rights Offering |
| 15-Oct-97 | GPR | Golden Palm Resources Ltd | EOP Filed |
| 7-Oct-97 | DY | Dynatec Corp | New Listing |
| 7-Oct-97 | RSH | Request Seismic Surveys Ltd | New Listing |
| 7-Oct-97 | SOJ | Storage One Inc | New Listing |
| 3-Oct-97 | CWC | Canop Worldwide Corp | Warrants Called to Trade |
| 2-Oct-97 | VNN | Vision 2000 Exploration Ltd | New Listing |
| 29-Sep-97 | IEX | Inex Pharmaceuticals Corp | Warrants Called to Trade |
| 29-Sep-97 | WTA | Winalta Shelters | New Listing |
| 24-Sep-97 | IMA | ITEC Minerals Inc | Prospectus Filed |
| 24-Sep-97 | RUXR | Rux Resources Inc | Warrant Terms Modified |
| 16-Sep-97 | CBZ | Canadian Blackhawk Energy Inc | New Listing |
| 15-Sep-97 | IMA | ITEC Minerals Inc | Warrants Called to Trade |
| 15-Sep-97 | PWC | Pacific & Western Credit Corp | New Listing |
| 8-Sep-97 | HWK | Hawk Oil Inc | New Listing |
| 8-Sep-97 | IMA | ITEC Minerals Inc | Adjustable Warrants |
| 3-Sep-97 | CM | Canadian Imperial Bank of Commerce | Put Warrants Listed |
| 29-Aug-97 | MBO | Mobilift Inc | Warrants Called to Trade |
| 28-Aug-97 | MMH | Mammoth Energy Inc | EOP Filed |
| 27-Aug-97 | ASP | AOG Air Support Inc | Prospectus Completed |
| 25-Aug-97 | ASP | AOG Air Support Inc | New Listing |
| 25-Aug-97 | IM | Inca Mining Corp | Warrants Called to Trade |
| 20-Aug-97 | OXR | Omax Resources Ltd | Warrants Called to Trade |
| 14-Aug-97 | DPC | Dundee Petroleum Corp | Warrants Called to Trade |
| 13-Aug-97 | FMI | Forbes Medi-Tech Inc | Expiry Date Extended |
| 11-Aug-97 | FMI | Forbes Medi-Tech Inc | Warrants Called to Trade |
| 11-Aug-97 | FMI | Forbes Medi-Tech Inc | Warrants Called to Trade |
| 6-Aug-97 | MAR 1 | Minorca Resources Inc | Consolidation |
| 4-Aug-97 | CBQ | Canbaikal Resources Inc | New Listing |
| 31-Jul-97 | KHA | Knighthawk Airlines Inc | Warrants Called to Trade |
| 29-Jul-97 | FAI | First Asia Income Fund (The) | Units Separation |
| 24-Jul-97 | KHA | Knighthawk Airlines Inc | Warrants Called to Trade |
| 18-Jul-97 | INX | Invader Exploration Inc | New Listing |
| 18-Jul-97 | NQE | Newquest Energy Ltd | Warrants Called to Trade |
| 11-Jul-97 | CBW | Calibre Energy Inc | New Listing |
| 4-Jul-97 | BLT | Bolt Energy | New Listing |
| 4-Jul-97 | NPF | Nord Pacific Ltd | New Listing |
| 4-Jul-97 | PEG1 | Pegaz Energy | Warrants Called to Trade |
| 4-Jul-97 | TXI | Tren Explorations Inc | EOP Completed |
| 3-Jul-97 | CGI | Canadian General Investments Ltd | Warrant Admendment |
| 27-Jun-97 | CMX | Canmex Minerals Corporation | EOP Filed |
| 26-Jun-97 | IMN | Inmet Mining Corp | Units Separation |
| 24-Jun-97 | KIM | Kimberley Resources Ltd | Correction |
| 23-Jun-97 | CJE | CrownJoule Exploration Ltd | New Listing |
| 29-May-97 | PAX | Panamex Resource Inc | EOP Completed |
| 23-May-97 | BPG | Best Pacific Resources Ltd | Warrants Called to Trade |
| 23-Apr-97 | AT | Athlone Resources Ltd | Warrants Called to Trade |
| 7-Apr-97 | IAR | Island-Arc Resources Corporation | Warrants Called to Trade |
| 19-Mar-97 | ARU | Arauco Resources Corporation | Warrants Called to Trade |
| 19-Mar-97 | CM | Canadian Imperial Bank of Commerce | Put Warrants Listed |
| 18-Mar-97 | VRG | Virginia Energy Corp | Warrants Called to Trade |
| 17-Mar-97 | CM | Canadian Imperial Bank of Commerce | Put Warrants Listed |
| 26-Feb-97 | GRE 1 | Greenstone Resources Ltd | Warrants Called to Trade |
| 21-Feb-97 | PUT | Pursuit Resources Inc | Warrants Called to Trade |
| 13-Feb-97 | HIA | Hi-Alta Capital Inc. | Warrants Called to Trade |
| 5-Feb-97 | UTX | United Tex-Sol Mines Inc | Warrants Called to Trade |
| 31-Jan-97 | WVE | Wolverine Energy Corp | Warrants Called to Trade |
| 27-Jan-97 | GWA | Gowest Amalgamated Resources Ltd | Warrants Called to Trade |
| 10-Jan-97 | AUR | Aur Resources Inc | Warrants Called to Trade |
| 9-Jan-97 | HLM | Houston Lake Mining Inc | Warrants Called to Trade |
Visitor Map
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.