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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 - 2009
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 23-Dec-09 | EIF | Exchange Income Corp | Warrants Called to Trade |
| 22-Dec-09 | NQ | Northquest Ltd | New Listing |
| 21-Dec-09 | HAP | Horizons Alpha Pro | New Listing |
| 21-Dec-09 | REZ | Redzone Resources Ltd | Warrants Called to Trade |
| 17-Dec-09 | EIT | EnerVest Diversified Income Trust | Warrants Called to Trade |
| 16-Dec-09 | MRS | Medoro Resources Ltd | Warrants Called to Trade |
| 15-Dec-09 | GUR | Global Uranium Fund Inc | Warrants Called to Trade |
| 10-Dec-09 | BIM | Baffinland Iron Mines Corp | Warrants Called to Trade |
| 9-Dec-09 | FFI | Flaherty&Crumrine Inv Grade Fxd Inc | Warrants Called to Trade |
| 8-Dec-09 | CTF | Citadel Income Fund | Warrants Called to Trade |
| 8-Dec-09 | MSP | Canadian Shield Fund | Warrants Called to Trade |
| 8-Dec-09 | PCD | Pathfinder Convertible Deb Fund | Units Separation |
| 7-Dec-09 | URZ | Uranerz Energy Corp | Warrants Called to Trade |
| 3-Dec-09 | ADM | Andina Minerals Inc | New Listing |
| 3-Dec-09 | REC | Rec Minerals Corp | New Listing |
| 1-Dec-09 | FT | Fortune Minerals Ltd | Warrants Called to Trade |
| 1-Dec-09 | GPD | Golden Predator Royalty | New Listing |
| 17-Nov-09 | LRR | Linear Gold Corp | Warrants Called to Trade |
| 13-Nov-09 | CDD | Core Canadian Dividend Trust | Warrants Called to Trade |
| 13-Nov-09 | FPI | First Premium Income Trust | Warrants Called to Trade |
| 13-Nov-09 | SBN | S Split Corp | Warrants Called to Trade |
| 13-Nov-09 | TCT | Top 10 Canadian Financial Trust | Warrants Called to Trade |
| 13-Nov-09 | WFS | World Financial Split Corp | Warrants Called to Trade |
| 11-Nov-09 | PXT | Parex Resources | New Listing |
| 11-Nov-09 | VST | Vast Exploration Inc | New Listing |
| 10-Nov-09 | AOG | Brompton Adv Oil & Gas Inc Fund | Warrants Called to Trade |
| 10-Nov-09 | AV | Brompton Adv VIP Inc Fund | Warrants Called to Trade |
| 10-Nov-09 | OGF | Brompton Oil & Gas Income Fund | Warrants Called to Trade |
| 10-Nov-09 | VIP | Brompton VIP Income Fund | Warrants Called to Trade |
| 6-Nov-09 | HBB | Harvest Banks & Buildings Inc Fund | New Listing |
| 6-Nov-09 | URB | Urbana Corp | Warrants Called to Trade |
| 4-Nov-09 | OFS | O'Leary Founder's Ser Inc&Grwth Fund | New Listing |
| 4-Nov-09 | SUE | Sulliden Exploration Inc | Change Name |
| 30-Oct-09 | NOM | Norsemont Mining Inc | Warrants Called to Trade |
| 26-Oct-09 | AA | Astral Mining Corp | New Listing |
| 23-Oct-09 | AC | Air Canada | Warrants Called to Trade |
| 22-Oct-09 | MGA | Mega Uranium Ltd | Warrants Called to Trade |
| 6-Oct-09 | KXM | Kobex Minerals | Symbol Change |
| 5-Oct-09 | EDR | Endeavour Silver Corp | Warrants Called to Trade |
| 5-Oct-09 | WTN | Western Canadian Coal Corp | Name Change |
| 2-Oct-09 | SUE | Sulliden Exploration Inc | Warrants Called to Trade |
| 29-Sep-09 | GSL | Greystar Resources Ltd | Warrants Called to Trade |
| 28-Sep-09 | FEI | Fortress Energy Inc | Warrants Called to Trade |
| 28-Sep-09 | PDL | North American Palladium Ltd | Warrants Called to Trade |
| 25-Sep-09 | GSL | Greystar Resources Ltd | Warrants Called to Trade |
| 23-Sep-09 | CMT | Compton Petroleum Corp | Warrants Called to Trade |
| 4-Sep-09 | FNX | FNX Mining Company Inc | Warrants Called to Trade |
| 3-Sep-09 | FIG | Faircourt Income&Growth Split Trust | Warrants Called to Trade |
| 27-Aug-09 | PDP | Petrolifera Petroleum Ltd | Warrants Called to Trade |
| 26-Aug-09 | PDP | Petrolifera Petroleum Ltd | Warrants Called to Trade |
| 24-Aug-09 | YP | Yieldplus Income Fund | Warrants Called to Trade |
| 17-Aug-09 | MAI | Minera Andes Inc | Warrants Called to Trade |
| 12-Aug-09 | PBU | Precious Metals Bullion | New Listing |
| 31-Jul-09 | FCR | First Capital Realty Inc | Warrants Called to Trade |
| 23-Jul-09 | VAE | Virginia Energy Resources Inc | New Listing |
| 17-Jul-09 | USA | US Silver | New Listing |
| 13-Jul-09 | SVR | Claymmore Silver Bullion | New Listing |
| 7-Jul-09 | FGX | Faircourt Gold Income Corp | Symbol Change |
| 7-Jul-09 | FGX | Faircourt Gold Income Corp | Warrants Called to Trade |
| 16-Jun-09 | GUR | Global Uranium Fund Inc | Warrants Called to Trade |
| 15-Jun-09 | OCY | O'Leary Canadian Income Units | Units Separation |
| 12-Jun-09 | FNV | Franco-Nevada Corp | Warrants Called to Trade |
| 12-Jun-09 | GUR | Global Uranium Fund Inc | Prospectus Filed |
| 12-Jun-09 | PTM | Platinum Group Metals Ltd | Warrants Called to Trade |
| 26-May-09 | BRK | Brick Group Income Fund | Warrants Called to Trade |
| 21-May-09 | SSL | Sandstorm Resources Ltd | Warrants Called to Trade |
| 28-Apr-09 | AEM | Agnico-Eagle Mines Ltd | Warrants Called to Trade |
| 7-Apr-09 | BWR | Breakwater Resources Ltd | Warrants Called to Trade |
| 23-Mar-09 | OGO | O'Leary Global Income Opp Fund | Units Separation |
| 11-Mar-09 | GBG | Great Basin Gold Ltd | Warrants Called to Trade |
| 9-Mar-09 | ECU | ECU Silver Mining Inc | Warrants Called to Trade |
| 9-Mar-09 | EMC | EMC Metals Corp | Substitional Listing |
| 3-Mar-09 | FR | First Majestic Silver Corp | Warrants Called to Trade |
| 26-Feb-09 | CWB | Canadian Western Bank | Warrants Called to Trade |
| 24-Feb-09 | EWP | First Asset Pipes & Power Inc Fund | Warrants Called to Trade |
| 24-Feb-09 | FAY | First Asset Yield Opportunity Trust | Warrants Called to Trade |
| 24-Feb-09 | RIT | First Asset REIT Income Fund | Warrants Called to Trade |
| 24-Feb-09 | TOS | TSO3 Inc | Warrants Expire |
| 24-Feb-09 | TRF | First Asset Energy & Resource Fund | Warrants Called to Trade |
| 23-Feb-09 | OSK | Osisko Mining Corp | Warrants Called to Trade |
| 18-Feb-09 | RIT | First Asset REIT Income Fund | Prospectus Filed |
| 4-Feb-09 | FFI | Flaherty&Crumrine Inv Grade Fxd Inc | Dividend Declared |
| 2-Feb-09 | EDV | Endeavour Financial Corp | Warrants Called to Trade |
| 2-Feb-09 | FFI | Flaherty&Crumrine Inv Grade Fxd Inc | Prospectus Filed |
| 29-Jan-09 | ML | Mercator Minerals | Warrants Update |
| 6-Jan-09 | PLS | Polaris Minerals Corp | 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.
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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.