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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
    Continued....  
27-May-11 RF CA Bancorp Canadian Realty Finance Corp Company News
27-May-11 PCT Prima Colombia Hardwood Inc Company News
26-May-11 PWC Pacific & Western Credit Corp  Miscellaneous
25-May-11 LQD Liquid Nutrition Group Inc Company News
20-May-11 VGZ Vista Gold Corp  Special Trade Rules
20-May-11 SLW Silver Wheaton Corp Special Trade Rules
20-May-11 MGT Mines Management Inc Special Trade Rules
20-May-11 AEM Agnico-Eagle Mines Ltd Special Trade Rules
20-May-11 ILC International Lithium Corp New Listing
20-May-11 RPG Ram Power Corp Company News
19-May-11 RPG Ram Power Corp Miscellaneous
19-May-11 HGI Global Advantaged Tele & Utilities Income Fd Company News
18-May-11 RTU Canadian Resources Income Trust Conference Call
18-May-11 ALB Allbanc Split Corp II Company News
17-May-11 CZY Caza Gold Corp Warrants Expire
16-May-11 GAA Gazit America Inc Rights Offering
13-May-11 TAB Touchstone Exploration Inc Warrants Called to Trade
13-May-11 CEK Caspian Energy Inc Warrants Expire
12-May-11 GAA Gazit America Inc Warrants Terms Amended
11-May-11 CVZ Calvista Gold Corp Company News
9-May-11 PTA Petroamerica Oil Corp Warrants Called to Trade
9-May-11 PTA Petroamerica Oil Corp Prospectus Approved
6-May-11 MNP Manas Petroleum Corp Company News
6-May-11 XHG Star Hedge Managers Corp II Company News
5-May-11 EW East West Petroleum Corp Warrants Called to Trade
5-May-11 COX Coxe Commodity Strategy Fund Warrants Expire
5-May-11 MNP Manas Petroleum Corp New Listing
5-May-11 ALE Alange Energy Corp Company News
4-May-11 XHG Star Hedge Managers Corp II Units Separation
4-May-11 OCB O'Leary Adv Tactical Global Corporate Bond Fund Warrants Expire
2-May-11 RDA Royal Coal Corp Warrants Listed 
29-Apr-11 ABK Allbanc Split Corp Warrants Expire
29-Apr-11 RTU Canadian Resources Income Trust Warrants Expire
28-Apr-11 PIC Premium Income Corp  Company News
27-Apr-11 IE Ivanhoe Energy Inc Warrants Expire
26-Apr-11 TBP T Boone Pickens Energy Fund Warrants Expire
25-Apr-11 CRK Crocodile Gold Corp Company News
22-Apr-11 EW  East West Petroleum Corp Warrants Called to Trade
21-Apr-11 SFF Seafield Resources Ltd Warrants Called to Trade
21-Apr-11 EW East West Petroleum Corp Warrants Called to Trade
21-Apr-11 SFF Seafield Resources Ltd Company News
21-Apr-11 SFF Seafield Resources Warrants Called to Trade
20-Apr-11 XHG Star Hedge Managers Corp II Company News
19-Apr-11 USO US Oil Sands Inc New Listing
19-Apr-11 HCF Harvest Canadian Income & Growth Fund Company News
19-Apr-11 LMM International LMM Ventures Corp Company News
18-Apr-11 VIP Brompton VIP Income Fund Warrants Expire
18-Apr-11 AV Brompton Advantaged VIP Income Fund Warrants Expire
18-Apr-11 NOM Norsemont Mining Inc Warrants Expire
15-Apr-11 GPF Gold Participation and Income Fund Warrants Called to Trade
15-Apr-11 TIC Titanium Corp Inc New Listing
13-Apr-11 GCM Gran Colombia Gold Corp  Company News
13-Apr-11 MRS Medoro Resources Ltd  Company News
12-Apr-11 GPF Gold Participation and Income Fund Prospectus Filed
12-Apr-11 WLT  Walter Energy, Inc New Listing
11-Apr-11 TYF IA Clarington Aston Hill Tactical Yield Fund Warrants Expire
11-Apr-11 RBN  Blue Ribbon Income Fund  Warrants Called to Trade
8-Apr-11 WLT Walter Energy Inc Warrants Called to Trade
8-Apr-11 PVG Pretium Resources Inc Company News
7-Apr-11 FEO Oceanic Iron Ore Corp Warrants Called to Trade
7-Apr-11 FEO Oceanic Iron Ore Corp Warrants Called to Trade
7-Apr-11 FEO Oceanic Iron Ore Corp Company News
7-Apr-11 ALE Alange Energy Corp Company News
6-Apr-11 FCO Formation Metals Inc Company News
6-Apr-11 NTC North America Tungsten Prospectus Approved
6-Apr-11 NTC North America Tungsten Warrants Called to Trade
4-Apr-11 HGI  Global Adv Telecom & Utilities Inc Units Separation
30-Mar-11 YEL Macusani Yellowcake Warrants Called to Trade
28-Mar-11 SBI Serabi Mining Warrants Called to Trade
27-Mar-11 OUS Omega Adv US Capital Apprec Fund Warrants Called to Trade
23-Mar-11 KSK  Kiska Metals Corp  Warrants Called to Trade
22-Mar-11 CRK  Crocodile Gold Corp  Warrants Called to Trade
22-Mar-11 GTE  Gran Tierra Energy Inc  Warrants Called to Trade
15-Mar-11 CMP  CMP Gold Trust  Warrants Called to Trade
14-Mar-11 FNV  Franco-Nevada Corp  Warrants Called to Trade
11-Mar-11 PAK  Pacific Coal Resources Ltd  Reverse Takeover
11-Mar-11 PAK  Pacific Coal Resources Ltd  Warrants Called to Trade
10-Mar-11 FED  Ethiopian Potash Corp  Warrants Called to Trade
10-Mar-11 VGZ  Vista Gold Corp   Symbol Change
8-Mar-11 FCO  Formation Metals Inc  Warrants Called to Trade
25-Feb-11 VGZ  Vista Gold Corp   Warrants Called to Trade
22-Feb-11 ALE Alange Energy Prospectus Approved
17-Feb-11 SIN  SCITI Trust  Warrants Called to Trade
11-Feb-11 AOG  Brompton Adv Oil & Gas Inc Fund  Prospectus Filed
11-Feb-11 AV Brompton Advantaged VIP Inc Fund  Warrant Offering
11-Feb-11 VIP  Brompton VIP Income Fund  Final Prospectus Filed
11-Feb-11 GCI Canoe Go Canada Income Fund Overallotment
11-Feb-11 FFI  Flaherty&Crumrine Inv Gr Fixed In  Prospectus Filed
11-Feb-11 GUR  Global Uranium Fund Inc  Prospectus Filed
9-Feb-11 GCI Canoe Go Canada Income Fund Units Separation
24-Jan-11 SND  Sandstorm Metals & Energy Ltd  Warrants Called to Trade
21-Jan-11 PCT  Prima Colombia Hardwood Inc  Warrants Called to Trade
19-Jan-11 EIT  EnerVest Diversified Income Trust   Warrants Called to Trade
14-Jan-11 APV ARISE Technologies Corp News Release
13-Jan-11 CNL Continental Gold Ltd Warrants Called to Trade
13-Jan-11 CNL Continental Gold Ltd News Release
13-Jan-11 CNL  Continental Gold Ltd  Warrants Called to Trade
10-Jan-11 MLP Front Street MLP Income Fund Ltd Warrants Called to Trade
10-Jan-11 MLP  Front Street MLP Income Fund Ltd  Warrants Called to Trade
7-Jan-11 PPF Propel Multi-Strategy Fund News Release
5-Jan-11 PPF Propel Multi-Strategy Fund Miscellaneous
5-Jan-11 MOB GT Canada Medical Properties REIT News Release
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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.