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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 - 2006
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 11-Dec-06 | SKR | Skye Resources Inc | Warrants Called to Trade |
| 7-Dec-06 | DML | Denison Mines Inc | Symbol Change |
| 6-Dec-06 | GMC | Geovic Mining Corp | Warrants Called to Trade |
| 6-Dec-06 | UXG | US Gold Corp | Warrants Called to Trade |
| 17-Nov-06 | IMG | Iamgold Corp | Warrant Conversion Complete |
| 17-Nov-06 | KAT | Katanga Mining Ltd | Warrants Called to Trade |
| 16-Nov-06 | SVW | Silverwing Energy Inc | Warrants Called to Trade |
| 15-Nov-06 | MSV | Minco Silver Corp | Warrants Called to Trade |
| 7-Nov-06 | IMG | Iamgold Corp | Warrants Called to Trade |
| 24-Oct-06 | BLE | Blue Pearl Mining Ltd | Warrants Called to Trade |
| 24-Oct-06 | SRD | Strait Gold | New Listing |
| 22-Sep-06 | TFL | Trafalgar Energy Ltd | New Listing |
| 15-Sep-06 | CALS | Calstar Oil & Gas Ltd / Aspire | New Listing |
| 12-Sep-06 | TOR | Torr Canada | New Listing |
| 12-Sep-06 | U | Uranium Participation Corp | Warrants Called to Trade |
| 8-Sep-06 | IE | Ivanhoe Energy Inc | Warrants Called to Trade |
| 5-Sep-06 | BGO | Bema Gold Corporation | Warrants Called to Trade |
| 1-Sep-06 | MYT | MACCs Sustainable Yield Trust | Warrants Called to Trade |
| 24-Aug-06 | SGA | Australian Solomons Gold | New Listing |
| 18-Aug-06 | SVU | Spur Ventures | New Listing |
| 18-Aug-06 | YLO | Yellow Pages Income Fund | Warrants Called to Trade |
| 16-Aug-06 | CCJ | Coalcorp Mining Inc | Warrants Called to Trade |
| 15-Aug-06 | CCJ | Coalcorp Mining Inc | Warrants Called to Trade |
| 11-Aug-06 | SHR | Sure Energy Inc | New Listing |
| 1-Aug-06 | TIO | Tiomin Resources Inc | Warrants Called to Trade |
| 31-Jul-06 | KRI | Khan Resources | New Listing |
| 27-Jul-06 | ELR | Eastern Platinum Ltd | Warrants Called to Trade |
| 28-Jun-06 | SST | Silverstone Resources Corp | Warrants Called to Trade |
| 22-Jun-06 | PJO | Palmarejo Silver and Gold Corp | Warrants Called to Trade |
| 15-Jun-06 | ERD | Erdene Gold Inc | Warrants Called to Trade |
| 8-Jun-06 | CXT | Canext Energy Ltd | New Listing |
| 8-Jun-06 | G | Goldcorp Inc | Warrants Called to Trade |
| 2-Jun-06 | IMR | IMA Exploration Inc | Warrants Called to Trade |
| 25-May-06 | PSE | Pacific Stratus Energy | Name Change, Rollback |
| 18-May-06 | CCJ | Coalcorp Mining Inc | New Listing |
| 18-May-06 | EDR | Endeavour Silver Corp | Warrants Called to Trade |
| 17-May-06 | IMZ | International Minerals Corp | Warrants Called to Trade |
| 26-Apr-06 | NEM | Neo Material Technologies | Name Change |
| 25-Apr-06 | NEM | Neo Material Technologies | Warrants Update |
| 21-Apr-06 | MZU | Mesa Uranium Corp | Warrants Called to Trade |
| 17-Apr-06 | WIS | Production Enhancement Group | New Listing |
| 10-Apr-06 | YRI | Yamana Gold Inc | Warrants Called to Trade |
| 6-Apr-06 | YRI | Yamana Gold Inc | Warrants Called to Trade |
| 5-Apr-06 | GCE | Grande Cache Coal Corp | Warrants Called to Trade |
| 30-Mar-06 | MIZ | Medical Intelligence Technologies Inc | Warrants Called to Trade |
| 30-Mar-06 | STE | Stelco | Warrants Called to Trade |
| 17-Mar-06 | EPM | European Minerals Corp | Warrants Called to Trade |
| 9-Mar-06 | DJE | Dejour Enterprises Ltd | Warrants Called to Trade |
| 3-Mar-06 | PGD | Peregrine Diamonds Ltd | Warrants Called to Trade |
| 28-Feb-06 | VSKY | Vision Sky Corp | New Listing |
| 27-Feb-06 | DEN | Denison Mines Inc | Warrants Called to Trade |
| 24-Feb-06 | NGD | New Gold Inc | Warrants Called to Trade |
| 20-Feb-06 | TUE | Titan Uranium Inc | Warrants Called to Trade |
| 17-Feb-06 | CNM | Canadian Income Management Trust | New Listing |
| 13-Jan-06 | IMR | IMA Exploration Inc | Warrants Called to Trade |
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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.