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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-14 OER Oando Energy Resources Inc Company New
8-Dec-14 IT Intertain Group Ltd  Warrants Expire
6-Nov-14 CHF Choice Gold Corp Change Name, Roll Back Shares
6-Nov-14 CBK Copperbank Resources Corp New Listing
6-Nov-14 CBK Copperbank Resources Corp Warrants Called to Trade
4-Nov-14 EIT Canoe EIT Income Fund Unit Redemption
24-Oct-14 PGD Peregrine Diamonds Ltd Company News
23-Oct-14 PGD Peregrine Diamonds Ltd Warrants Called to Trade
21-Oct-14 FMM Full Metal Minerals Ltd  Company News
16-Oct-14 CHF Choice Gold Corp Company News
16-Oct-14 FMM Full Metal Minerals Ltd  Company News
9-Oct-14 AVZ Avala Resources Ltd  Warrants List on TSX-V
8-Oct-14 AVZ Avala Resources Ltd  Rollback
8-Oct-14 AVZ Avala Resources Ltd  Warrants List on TSX-V
7-Oct-14 MT Mettrum Health Corp Warrants List on TSX-V
7-Oct-14 MT Mettrum Health Corp Warrants Called to Trade
1-Oct-14 PRV Pro Real Estate Investment Trust Warrants Called to Trade
30-Sep-14 PRV Pro Real Estate Investment Trust Company News
26-Sep-14 TMD Titan Medical Inc New Listing
25-Sep-14 PRV Pro Real Estate Investment Trust Company News
15-Sep-14 CAC Canamax Energy Ltd Warrants Called to Trade
15-Sep-14 SAN San Antonio Ventures Inc Change Name, Roll Back Shares
15-Sep-14 SAN San Antonio Ventures Inc Company News
15-Sep-14 CAC Canamax Energy Ltd Miscellaneous
4-Sep-14 SAN San Antonio Ventures Inc New Listing
4-Sep-14 SAN San Antonio Ventures Inc Company News
4-Sep-14 DWI DragonWave Inc Company News
3-Sep-14 AHX Adherex Technologies Inc  Change Name, Roll Back Shares
29-Aug-14 FFF Northern Frontier Corp Prospectus Approved
22-Aug-14 XOP Canadian Overseas Petroleum Ltd Prospectus Approved
20-Aug-14 AGB Atlantic Gold Corp Warrants Called to Trade
20-Aug-14 XMF M Split Corp Company News
18-Aug-14 LXE Leucrotta Exploration Inc New Listing
18-Aug-14 LXE Leucrotta Exploration Inc Warrants Listed 
13-Aug-14 K Kinross Gold Corp  Warrants Expire
11-Aug-14 IT Intertain Group Ltd  Company News
7-Aug-14 CGP Cornerstone Capital Resources Inc  New Listing
5-Aug-14 SAN San Antonio Ventures Inc Company News
1-Aug-14 DWI DragonWave Inc Company News
31-Jul-14 DWI DragonWave Inc Prospectus Approved
23-Jul-14 HBM HudBay Minerals Inc Warrants Called to Trade
17-Jul-14 QRM Quest Rare Minerals Ltd Company News
14-Jul-14 IT Intertain Group Ltd  Warrants Called to Trade
14-Jul-14 IT Intertain Group Ltd  Company News
9-Jul-14 RNX Royal Nickel Corp Warrants Called to Trade
3-Jul-14 TGF Timbercreek Global Real Estate Fund Warrants Called to Trade
2-Jul-14 TGF Timbercreek Global Real Estate Fund Final Prospectus Filed
30-Jun-14 SWY Stornoway Diamond Corp  Warrants Called to Trade
30-Jun-14 FEO Oceanic Iron Ore Corp  Rollback
30-Jun-14 AHX Adherex Technologies Inc  Warrant Exchange
20-Jun-14 M Mosaic Capital Corp Company News
19-Jun-14 PCT Prima Colombia Hardwood Inc Symbol Change
19-Jun-14 M Mosaic Capital Corp Prospectus Approved
19-Jun-14 PCT Prima Colombia Hardwood Inc Company News
16-Jun-14 M Mosaic Capital Corp Company News
6-Jun-14 IVN Ivanhoe Mines Ltd Warrants Called to Trade
4-Jun-14 FTU US Financial 15 Split Corp  Company News
3-Jun-14 RTG RTG Mining Inc  Warrants Called to Trade
15-May-14 EIT Canoe EIT Income Fund Prospectus Filed
7-May-14 HRR Australian REIT Income Fund Prospectus Filed
7-May-14 TMD Titan Medical Inc Company News
6-May-14 TMD Titan Medical Inc Warrants Called to Trade
6-May-14 FRL Senior Sec Floating Rate Loan Fund Final Prospectus Filed
6-May-14 NPF North American Preferred Share Fund Final Prospectus Filed
6-May-14 NRF North American REIT Income Fund Final Prospectus Filed
2-May-14 BRI Brazil Resources Inc New Listing
2-May-14 BRI Brazil Resources Inc Warrants Called to Trade
1-May-14 SEV Spectra7 Microsystems Inc Prospectus Approved
21-Apr-14 WKM West Kirkland Mining Inc Warrants List on TSX-V
15-Apr-14 MBC MBAC Fertilizer Corp Warrants Called to Trade
7-Apr-14 SEV Spectra7 Microsystems Inc New Listing
31-Mar-14 TMD Titan Medical Inc Warrants Called to Trade
27-Mar-14 NXE NexGen Energy Ltd Prospectus Approved
27-Mar-14 KGL Kilo Goldmines Ltd  Rollback
26-Mar-14 NXE NexGen Energy Ltd Company News
14-Mar-14 GCM Gran Colombia Gold Corp  Prospectus Approved
12-Mar-14 RMX Rubicon Minerals Corp Bought Deal Financing
25-Feb-14 GO Gondwana Oil Corp New Listing
25-Feb-14 MYN Mantis Mineral Corp  Change Name
25-Feb-14 MYN Mantis Mineral Corp  Company News
20-Feb-14 SGC Sunridge Gold Corp Warrants Called to Trade
18-Feb-14 TGM True Gold Mining Inc Company News
14-Feb-14 TGM True Gold Mining Inc Prospectus Approved
12-Feb-14 HBL Brand Leaders Income Fund Warrants Called to Trade
12-Feb-14 TXG Torex Gold Resources Inc Company News
10-Feb-14 TXG Torex Gold Resources Inc Warrants Called to Trade
6-Feb-14 HBL Brand Leaders Income Fund Prospectus Filed
3-Feb-14 WAF West African Resources Ltd Company News
23-Jan-14 WAF West African Resources Ltd New Listing
20-Jan-14 CHU Channel Resources Ltd Company News
17-Jan-14 HEN Energy Leaders Income Fund Warrants Called to Trade
17-Jan-14 MNP MNP Petroleum Corp Change Name



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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.