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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 Archive (1984 – Present)



Date Sym Company News
       
31-Dec-10 BRK  Brick Group Income Fund  Name Change
31-Dec-10 MOB  GT Canada Medical Properties REIT  Warrants Called to Trade
29-Dec-10 TMD Titan Medical Inc New Listing
21-Dec-10 APV  ARISE Technologies Corp  Warrants Called to Trade
21-Dec-10 LRT  Lanesborough Real Estate Inv Tr Warrants Called to Trade
21-Dec-10 WRN Western Copper Corporation Prospectus Approved
16-Dec-10 BPV  Bridgeport Ventures Inc  Warrants Called to Trade
16-Dec-10 RNX Royal Nickel Corporation Warrants Called to Trade
6-Dec-10 PPF Propel Multi-Strategy Fund Units Separation
3-Dec-10 BSC  BNS Split Corp II  Warrants Called to Trade
26-Nov-10 IVA  Ivanhoe Australia Ltd  Warrants Update
25-Nov-10 IVA  Ivanhoe Australia Ltd  Warrants Called to Trade
18-Nov-10 CCJ Coalcorp Mining Inc  Cease Trade Order Revoked
16-Nov-10 PTA  Petroamerica Oil Corp  Warrants Called to Trade
15-Nov-10 CCJ Coalcorp Mining Inc  Cease Trade Order Revoked
15-Nov-10 FRO Frontier Rare Earth Metals New Listing
15-Nov-10 GMF GMIncome & Growth Fund Units Separation
12-Nov-10 GCM  Gran Colombia Gold Corp  Rollback
10-Nov-10 GCM  Gran Colombia Gold Corp  Rollback
10-Nov-10 GLD Augen Gold New Listing
6-Nov-10 XYM Star Portfolio Corp Warrants Called to Trade
5-Nov-10 PAU  Papuan Precious Metals Corp  Warrants Called to Trade
5-Nov-10 RED  RedWater Energy New Listing
19-Oct-10 SSL  Sandstorm Resources Ltd  Warrants Called to Trade
15-Oct-10 BRD  Brigus Gold Corp  Warrants Called to Trade
28-Sep-10 AVL Avalon Rare Metals Inc  Warrants Called to Trade
27-Sep-10 ABK  Allbanc Split Corp  Warrants Called to Trade
27-Sep-10 PMI  Petromanas Energy Inc  Warrants Called to Trade
17-Sep-10 Kinross Gold Corp   Warrants Called to Trade
16-Sep-10 EDV Endeavour Financial Corp  Name Change
15-Sep-10 FRN Feronia Inc New Listing
15-Sep-10 GAA  Gazit America Inc  Warrants Called to Trade
13-Sep-10 EDV  Endeavour Financial Corp  Warrants Called to Trade
13-Sep-10 NEW  NewGrowth Corp  Warrants Called to Trade
8-Sep-10 UTC  Utility Corp  Warrants Called to Trade
30-Aug-10 SRX  Storm Resources Ltd New Listing
23-Aug-10 GCM  Gran Colombia Gold Corp  Name Change
23-Aug-10 GCM  Gran Colombia Gold Corp  Warrants Called to Trade
17-Aug-10 P Primero Mining Corp  New Listing
17-Aug-10 SBN  S Split Corp  Warrants Called to Trade
17-Aug-10 WFS  World Financial Split Corp  Warrants Called to Trade
16-Aug-10 CCJ Coalcorp Mining Inc  New Listing
12-Aug-10 SBN  S Split Corp  Final Prospectus Filed
5-Aug-10 Primero Mining Corp  Warrants Called to Trade
4-Aug-10 MND  Mandalay Resources Corp   Warrants Called to Trade
3-Aug-10 MRS  Medoro Resources Ltd   Rollback
27-Jul-10 DNA Dalradian Resources Inc New Listing
27-Jul-10 SCI  SCITI ROCS Trust  Warrants Called to Trade
23-Jul-10 FGX  Faircourt Gold Income Corp  Warrants Called to Trade
20-Jul-10 NOT  Noront Resources Ltd  Warrants Called to Trade
16-Jul-10 HCF Harvest Cdn Inc & Growth Fd Warrants Called to Trade
13-Jul-10 LBS  Life & Banc Split Corp  Warrants Called to Trade
13-Jul-10 SBC  Brompton Split Banc Corp  Warrants Called to Trade
12-Jul-10 OCB O'Leary Adv Tact Global Corp Bd Fd Units Separation
25-Jun-10 FSS Front Street Capital Units Separation
24-Jun-10 PMI  Petromanas Energy Inc  New Listing
22-Jun-10 CLQ  Canada Lithium Corp  New Listing
21-Jun-10 REZ  Redzone Resources Ltd  Warrants Update
11-Jun-10 APV  ARISE Technologies Corp  Warrants Called to Trade
9-Jun-10 BWR  Breakwater Resources Ltd   Rollback
1-Jun-10 RTU  Canadian Resources Income Trust  Warrants Called to Trade
27-May-10 ROZ Rodina Oil Corp New Listing
20-May-10 FCR  First Capital Realty Inc  Share Split
20-May-10 GPD Golden Predator Royalty Name Change
12-May-10 FNV  Franco-Nevada Corp  Company News
7-May-10 BEV  Bennett Environmental Inc  Warrants Called to Trade
6-May-10 ELG Elgin Mining Inc Name Change/Rollback
6-May-10 PHC Phoenix Coal Corp Name Change, Rollback
5-May-10 TAO  Tag Oil Ltd   Warrants Called to Trade
30-Apr-10 TXG Torex Gold Resources Inc Change Name
28-Apr-10 PDL  North American Palladium Ltd  Warrants Update
28-Apr-10 TYF IA Clarington Aston Units Separation
26-Apr-10 PDL  North American Palladium Ltd  Prospectus Approved
26-Apr-10 ST Stonegate Agricom New Listing
21-Apr-10 ST Stonegate Agricom Final Prospectus Filed
19-Apr-10 MGA  Mega Uranium Ltd  Warrant Terms Adjusted
16-Apr-10 TID Tuscany International Drilling Takeover Closed
15-Apr-10 TID Tuscany International Drilling New Listing
15-Apr-10 TRX  Terrane Metals Corp  Warrants Called to Trade
14-Apr-10 BPV  Bridgeport Ventures Inc  New Listing
12-Apr-10 OBF O'Leary BRIC-Plus Units Separation
26-Mar-10 MB  Mega Brands Inc  Warrants Called to Trade
26-Mar-10 MBT Mega Brands Inc  Warrants Called to Trade
24-Mar-10 MMP  Precious Metals and Mining Trust  Warrants Called to Trade
19-Mar-10 OBF O'Leary BRIC-Plus IPO Completed
19-Mar-10 XMF M Split Substitional Listing
16-Mar-10 MMP  Precious Metals and Mining Trust  Warrants Announced
9-Mar-10 PGM Peregrine Metals New Listing
5-Mar-10 LRT  Lanesborough REIT Warrants Called to Trade
4-Mar-10 RN Rio Nova Gold New Listing
3-Mar-10 RBN  Blue Ribbon Income Fund  Warrants Called to Trade
1-Mar-10 PUP  Petro Uno Resources Ltd  Warrants Called to Trade
22-Feb-10 GRL Gleichen New Listing
19-Feb-10 MID  Mint Income Fund  Warrants Called to Trade
18-Feb-10 EWP  First Asset Pipes & Power Inc Fund  Warrants Called to Trade
16-Feb-10 CIQ Canadian High Income Equity New Listing
12-Feb-10 PTA  Petroamerica Oil Corp  Warrants Called to Trade
10-Feb-10 TBP  T Boone Pickens Units Separation
2-Feb-10 GLW  Gold Wheaton Gold Corp  New Listing
29-Jan-10 CLQ  Canada Lithium Corp  Warrants Called to Trade
21-Jan-10 FAY  First Asset Yield Opportunity Trust  Warrants Called to Trade
21-Jan-10 TRF  First Asset Energy & Resource Fund  Warrants Called to Trade
20-Jan-10 AR  Argonaut Gold Ltd  Warrants Called to Trade
19-Jan-10 XRG  Xinergy Ltd  Warrants Called to Trade
13-Jan-10 OCZ O'Leary Canadian Equity Units Separation
11-Jan-10 LFE  Canadian Life Companies Split Corp  Warrants Called to Trade
5-Jan-10 PPX  Pristine Power Inc  Warrants Called to Trade
4-Jan-10 VZX Vuzix Corporation 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.
  • 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.