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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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Canadian Flag Warrant News - 2015







Warrant News Archive (1984 – Present)



Date Sym Company News
       
7-Dec-15 SGC Sunridge Gold Corp Warrantholder Vote
16-Nov-15 TMD Titan Medical Inc Warrants Called to Trade
10-Nov-15 GBG Gibraltar Growth Corp News Release
3-Nov-15 SSL Sandstorm Gold Ltd Warrants Called to Trade
22-Oct-15 FEO Oceanic Iron Ore Corp Warrants Expire
2-Oct-15 GBG Gibraltar Growth Corp News Release
2-Sep-15 AEF Acasta Enterprises Inc News Release
11-Aug-15 GCM Gran Colombia Gold Corp Warrants Expire
6-Aug-15 TH Theratechnologies Inc News Release
4-Aug-15 TH Theratechnologies Inc Warrants Called to Trade
31-Jul-15 AQX Alignvest Acquisition Corp Warrants Called to Trade
31-Jul-15 NYX NYX Gaming Group Ltd News Release
30-Jul-15 NYX NYX Gaming Group Ltd Warrants Called to Trade
30-Jul-15 AEF Acasta Enterprises Inc Warrants Called to Trade
28-Jul-15 WLC Western Lithium USA Corp Warrants Called to Trade
13-Jul-15 XOP Canadian Overseas Petroleum Ltd Prospectus Approved
10-Jul-15 MGL Mission Gold Ltd Acquisition
9-Jul-15 MGL Mission Gold Ltd Acquisition
9-Jul-15 MGL Mission Gold Ltd News Release
8-Jul-15 DLT Delta Gold Corp Change Name Change Rollback
8-Jul-15 MGL Mission Gold Ltd New Listing
6-Jul-15 SCG Selectcore Ltd Rollback
3-Jul-15 IAC Infor Acquisition Corp Warrants Called To Trade
24-Jun-15 AQX Alignvest Acquisition Corp News Release
24-Jun-15 E Enterprise Group Inc Rollback
29-May-15 DAQ Dundee Acquisition Ltd News Release
27-May-15 IAC Infor Acquisition Corp News Release
21-Apr-15 DAQ Dundee Acquisition Ltd News Release
7-Apr-15 PGD Peregrine Diamonds Ltd News Release
30-Mar-15 WAI Wai Capital Investments Corp Name Change Rollback
30-Mar-15 WAI West African Iron Ore Name Change Rollback
16-Mar-15 SOT Slate Office REIT Name Change
9-Mar-15 SAO San Angelo Oil Ltd New Listing
6-Mar-15 SCR theScore Inc Warrants Called To Trade
22-Jan-15 MQR Monarques Gold Corp Warrants Called To Trade
20-Jan-15 MQR Monarques Resources Name Change
16-Jan-15 JET Jet Metal Corp Warrants Called To Trade
9-Jan-15 BAV Bravern Ventures Ltd New Listing
9-Jan-15 PCT Prima Colombia Hardwood Inc Name Change, Roll Back
6-Jan-15 OER Oando Energy Resources Inc Warrants Called To Trade



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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.