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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 - 2007
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 31-Dec-07 | PEG | Pacific Rubailes Energy | Name Change, Rollback |
| 24-Dec-07 | OSK | Osisko Exploration Ltd | Warrants Called to Trade |
| 21-Dec-07 | CRP | Ceres Global Ag Corp. | Warrants Called to Trade |
| 17-Dec-07 | CMS | Creston Moly Corp | Warrants Called to Trade |
| 17-Dec-07 | ZAZ | Zazu Metals | New Listing |
| 14-Dec-07 | CALS | Calstar Oil & Gas Ltd | Expiry Date Extended |
| 14-Dec-07 | GRE | Sentry Select Global | New Listing |
| 13-Dec-07 | PDL | North American Palladium Ltd | Warrants Called to Trade |
| 12-Dec-07 | UF | Uranium Focused Energy Fund | Warrants Called to Trade |
| 7-Dec-07 | EF | EarthFirst Canada | New Listing |
| 7-Dec-07 | LS | Added Capital Corp / Lakeside Steel | Warrants Called to Trade |
| 5-Dec-07 | LS | Added Capital Corp / Lakeside Steel | Acquisition |
| 3-Dec-07 | CSM | Central Sun Mining Inc. | Name Change |
| 3-Dec-07 | GGG | Glencairn Gold Corp | Name Change |
| 30-Nov-07 | BCM | Bear Creek Mining | Warrants Called to Trade |
| 29-Nov-07 | GGG | Glencairn Gold Corp | Consolidation |
| 27-Nov-07 | LIR | Labrador Iron Mines Holdings Ltd | Prospectus Approved |
| 22-Nov-07 | LIR | Labrador Iron Mines Holdings Ltd | Preliminary Prospectus |
| 21-Nov-07 | GD | Distinction Group | New Listing |
| 21-Nov-07 | PDL | North American Palladium Ltd | Prospectus Approved |
| 20-Nov-07 | TRT | TriNorth Capital Inc | Warrants Called to Trade |
| 16-Nov-07 | AGB | Global Agribusiness Trust | Warrants Called to Trade |
| 16-Nov-07 | AZA | Argenta Oil & Gas Inc | Warrants Called to Trade |
| 15-Nov-07 | EPD | European Premium Dividend Fund | New Listing |
| 14-Nov-07 | GMC | Geovic Mining Corp | New Listing |
| 12-Nov-07 | PEG | Petro Rubiales Energy Corp | Warrants Called to Trade |
| 6-Nov-07 | HRG | High River Gold Mines Ltd | Warrants Called to Trade |
| 5-Nov-07 | YNG | Yukon-Nevada Gold Corp | Warrants Called to Trade |
| 31-Oct-07 | EET | Etruscan Resources Inc | Warrants Called to Trade |
| 26-Oct-07 | EOS | Enervest Enrgy and Oil Sands Tot Ret Tr | Warrants Called to Trade |
| 24-Oct-07 | SKR | Skye Resources Inc | Warrants Called to Trade |
| 19-Oct-07 | WZR | WesternZagros | New Listing |
| 18-Oct-07 | FRE | Front Street Resource Perf Fund | Units Separation |
| 17-Oct-07 | K | Kinross Gold Corp | Warrants Expire |
| 16-Oct-07 | YRI | Yamana Gold Inc | Warrants Called to Trade |
| 15-Oct-07 | HDG | High Desert Gold Corp | New Listing |
| 28-Sep-07 | SRL | Salazar Resources Ltd | Warrants Called to Trade |
| 26-Sep-07 | RNG | Rio Narcea Gold Mines Ltd | Takeover Bid |
| 17-Sep-07 | PIE | Primary Petroleum | New Listing |
| 6-Sep-07 | SVM | Silvercorp Metals Inc | Warrants Called to Trade |
| 30-Aug-07 | OCF | Oilsands Canada Corporation | Units Separation |
| 27-Aug-07 | MPM | Markland AGF Precious Metals Corp | Substitional Listing |
| 23-Aug-07 | SVM | Silvercorp Metals Inc | Expiry Date Extended |
| 21-Aug-07 | MYT | MACCs Sustainable Yield Trust | Dividends Declared |
| 20-Aug-07 | DNR | Dynamite Resources Ltd | Warrants Called to Trade |
| 16-Aug-07 | FTF | Focused Global Trends Fund | Warrants Called to Trade |
| 15-Aug-07 | PNP | Pinetree Capital Ltd | Warrants Called to Trade |
| 10-Aug-07 | DPF | DPF India Opportunities | New Listing |
| 8-Aug-07 | MPM | Markland AGF Precious Metals Corp | IPO Completed |
| 8-Aug-07 | OYM | Olympus Pacific Minerals Inc | Warrants Called to Trade |
| 7-Aug-07 | GCE | Grande Cache Coal Corp | Warrants Called to Trade |
| 2-Aug-07 | FR | First Majestic Silver Corp | Warrants Called to Trade |
| 2-Aug-07 | OCF | Oilsands Canada Corporation | IPO Completed |
| 31-Jul-07 | ASF | Acuity Small Cap | New Listing |
| 27-Jul-07 | BNC | Bioniche Life Sciences Inc | Warrants Called to Trade |
| 27-Jul-07 | MEB | Metrobridge Networks International Inc | Warrants Called to Trade |
| 27-Jul-07 | OYM | Olympus Pacific Minerals Inc | Warrants Called to Trade |
| 26-Jul-07 | FR | First Majestic Silver Corp | Warrant Distribution |
| 25-Jul-07 | PDE | Palo Duro Energy Inc | Warrants Called to Trade |
| 24-Jul-07 | FT | Fortune Minerals Ltd | Warrants Called to Trade |
| 20-Jul-07 | RPM | Rye Patch Gold | New Listing |
| 17-Jul-07 | IV | Ivory Energy Inc | Warrants Called to Trade |
| 17-Jul-07 | VGD | Visible Gold Mines | New Listing |
| 16-Jul-07 | ENR | Energentia Resources Inc | Warrants Called to Trade |
| 16-Jul-07 | SRY | Stingray Resources Inc | Change Name |
| 13-Jul-07 | CBB | Copernican British Banks Fund | New Listing |
| 12-Jul-07 | CALS | Calstar Oil & Gas Ltd | Expiry Date Extended |
| 10-Jul-07 | URB | Urbana Corp | Warrants Called to Trade |
| 6-Jul-07 | RDV | Redcorp Ventures Ltd | Warrants Called to Trade |
| 4-Jul-07 | GUR | Global Uranium Fund Inc | Units Separation |
| 27-Jun-07 | DPM | Dundee Precious Metals Inc | Warrants Called to Trade |
| 26-Jun-07 | NGD | New Gold Inc | Warrants Called to Trade |
| 25-Jun-07 | ACX | Ascendant Copper Corp | Warrants Called to Trade |
| 22-Jun-07 | TRX | Terrane Metals Corp | Warrants Called to Trade |
| 20-Jun-07 | ACX | Ascendant Copper Corp | Warrants Called to Trade |
| 19-Jun-07 | UXG | US Gold Corp | Name Change |
| 13-Jun-07 | CCJ | Coalcorp Mining Inc | Consolidation |
| 12-Jun-07 | PME | Sentry Select Primary Metals | New Listing |
| 11-Jun-07 | MGA | Mega Uranium Ltd | Warrants Called to Trade |
| 7-Jun-07 | BDO | Bordeaux Energy | Warrants Called to Trade |
| 7-Jun-07 | MGA | Mega Uranium Ltd | Acquisition |
| 1-Jun-07 | CALS | Calstar Oil & Gas Ltd | Name and Cusip Change |
| 23-May-07 | FUT | Futura Loyalty Group | New Listing |
| 18-May-07 | ORR | Oromonte Resources Inc | Warrants Called to Trade |
| 16-May-07 | INV | International Nickel Ventures Corp | Warrants Called to Trade |
| 11-May-07 | TCM | Thompson Creek Metals Co | Change Name |
| 7-May-07 | ICX | ICS Copper Systems Ltd | New Listing |
| 4-May-07 | QUA | Quadra Mining Ltd | Prospectus Approved |
| 3-May-07 | QUA | Quadra Mining Ltd | Preliminary Prospectus |
| 27-Apr-07 | GMC | Geovic Mining Corp | Correction |
| 26-Apr-07 | GMC | Geovic Mining Corp | Warrants Called to Trade |
| 25-Apr-07 | SRY | Stingray Resources Inc | Warrants Called to Trade |
| 18-Apr-07 | MIZ | Medical Intelligence Technologies Inc | Warrants Called to Trade |
| 17-Apr-07 | GBG | Great Basin Gold Ltd | Warrants Called to Trade |
| 17-Apr-07 | MGT | Mines Management Inc | Warrants Called to Trade |
| 17-Apr-07 | MIZ | Medical Intelligence Technologies Inc | Warrants Called to Trade |
| 13-Apr-07 | MGT | Mines Management Inc | Currency Correction |
| 12-Apr-07 | MLY | Sprott Molybdenum Participation Corp | New Listing |
| 11-Apr-07 | MGT | Mines Management Inc | Preliminary Prospectus |
| 10-Apr-07 | TOS | TSO3 Inc | Warrants Called to Trade |
| 9-Apr-07 | CKG | Chesapeake Gold | Warrants Called to Trade |
| 9-Apr-07 | SWY | Stornoway Diamond Corp | Warrants Called to Trade |
| 30-Mar-07 | LRG | Lateegra Gold Corp | Warrants Called to Trade |
| 22-Mar-07 | BSK | Blue Sky Uranium | Warrants Called to Trade |
| 21-Mar-07 | SRL | Salazar Resources Ltd | Warrants Called to Trade |
| 9-Mar-07 | CCJ | Coalcorp Mining Inc | Warrants Called to Trade |
| 5-Mar-07 | GMC | Geovic Mining Corp | Warrants Called to Trade |
| 2-Mar-07 | EQN | Equinox Minerals Ltd | Warrants Called to Trade |
| 28-Feb-07 | MGX | MGM Energy Corp | Warrants Called to Trade |
| 27-Feb-07 | BNK | Bankers Petroleum Ltd | Warrants Called to Trade |
| 27-Feb-07 | K | Kinross Gold Corp | Warrants Called to Trade |
| 15-Feb-07 | ML | Mercator Minerals | Prospectus Approved |
| 9-Feb-07 | FXI | Fralex Therapeutics | Warrants Called to Trade |
| 9-Feb-07 | MGA | Mega Uranium Ltd | Warrants Called to Trade |
| 9-Feb-07 | P 1 | RailPower Technologies Corp | Warrants Called to Trade |
| 6-Feb-07 | PSE | Pacific Stratus Energy | New Listing |
| 5-Feb-07 | BAJ | Baja Mining | Warrants Called to Trade |
| 31-Jan-07 | GPE | Gold Point Energy Corp | Warrants Called to Trade |
| 29-Jan-07 | BIM | Baffinland Iron Mines Corp | Warrants Called to Trade |
| 15-Jan-07 | MGX | MGM Energy Corp | New Listing |
| 9-Jan-07 | FBM | Fortress Base Metals Corp | Name Change |
| 9-Jan-07 | URB | Urbana 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.