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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 - 2016
Warrant News Archive (1984 – Present)
| Date | Sym | Company | News |
| 30-Dec-16 | RNP | Royalty North Partners Ltd | Miscellaneous |
| 28-Dec-16 | RNP | Royalty North Partners Ltd | News Release |
| 20-Dec-16 | NHC | Nobilis Health Corp | News Release |
| 14-Dec-16 | SIL | Silvercrest Metals Inc | News Release |
| 9-Dec-16 | EMC | Emblem Corp | New Listing |
| 9-Dec-16 | SAB | Saber Capital Corp | Rollback |
| 8-Dec-16 | SIL | Silvercrest Metals Inc | Prospectus Approved |
| 7-Dec-16 | GOLD | Goldmining Inc | News Release |
| 6-Dec-16 | GOLD | Goldmining Inc | New Listing |
| 5-Dec-16 | BRI | Brazil Resources Inc | News Release |
| 5-Dec-16 | TMD | Titan Medical Inc | Warrants Expire |
| 30-Nov-16 | ASM | Avino Silver & Gold Mines Ltd | Prospectus Approved |
| 29-Nov-16 | TMM | Timmins Gold Corp | Prospectus Approved |
| 29-Nov-16 | KTN | Kootenay Silver Inc | Warrants Called to Trade |
| 14-Nov-16 | PLG | Pilot Gold Inc | Prospectus Approved |
| 4-Nov-16 | MBC | MBAC Fertilizer Corp | Major Transaction Completed |
| 27-Oct-16 | MEI | Manitok Energy Inc | News Release |
| 26-Oct-16 | MEI | Manitok Energy Inc | Prospectus Approved |
| 6-Oct-16 | JDL | JDL Gold Corp | Warrants Called to Trade |
| 23-Sep-16 | XMG | MGX Minerals Inc | News Release |
| 22-Sep-16 | XMG | MGX Minerals Inc | Miscellaneous |
| 20-Sep-16 | EFR | Energy Fuels Inc | News Release |
| 13-Sep-16 | TMD | Titan Medical Inc | News Release |
| 29-Aug-16 | DSR | Desert Star Resources Ltd | Rollback |
| 28-Jul-16 | KTN | Kootenay Silver Inc | News Release |
| 25-Jul-16 | GQM | Golden Queen Mining Co Ltd | News Release |
| 22-Jul-16 | KEW | Kew Media Group Inc | News Release |
| 22-Jul-16 | EXN | Excellon Resources Inc | Prospectus Approved |
| 21-Jul-16 | DSR | Desert Star Resources Ltd | Miscellaneous |
| 21-Jul-16 | KEW | Kew Media Group Inc | Miscellaneous |
| 21-Jul-16 | GQM | Golden Queen Mining Co Ltd | Prospectus Approved |
| 20-Jul-16 | DSR | Desert Star Resources Ltd | News Release |
| 13-Jul-16 | DWI | DragonWave Inc | Warrants Expire |
| 12-Jul-16 | UGE | UGE International Ltd | Prospectus Approved |
| 11-Jul-16 | MBC | MBAC Fertilizer Corp | New Listing |
| 8-Jul-16 | NMX | Nemaska Lithium Inc | News Release |
| 7-Jul-16 | KTN | Kootenay Silver Inc | News Release |
| 6-Jul-16 | NMX | Nemaska Lithium Inc | Warrants Called to Trade |
| 30-Jun-16 | PVF | Partners Value Investments LP | News Release |
| 29-Jun-16 | TOO | Toro Oil & Gas Ltd | News Release |
| 29-Jun-16 | TOO | Toro Oil & Gas Ltd | Warrants Called to Trade |
| 29-Jun-16 | PVF | Partners Value Investments LP | Reorganization |
| 24-Jun-16 | P | Primero Mining Corp | News Release |
| 24-Jun-16 | KFS | Kingsway Financial Services Inc | Miscellaneous |
| 22-Jun-16 | P | Primero Mining Corp | Warrants Called to Trade |
| 17-Jun-16 | OBM | Oban Mining Cor | Name Change |
| 17-Jun-16 | OSK | Osisko Mining Inc | New Listing |
| 14-Jun-16 | OBM | Oban Mining Corp | News Release |
| 13-Jun-16 | DEE | Delphi Energy Corp | Warrants Called to Trade |
| 13-Jun-16 | KEW | Kew Media Group Inc | News Release |
| 10-Jun-16 | NDM | Northern Dynasty Minerals Ltd | News Release |
| 8-Jun-16 | NDM | Northern Dynasty Minerals Ltd | Warrants Called to Trade |
| 3-Jun-16 | GGD | GoGold Resources Inc | Warrants Called to Trade |
| 2-Jun-16 | OGI | Organigram Holdings Inc | Prospectus Approved |
| 26-May-16 | LYD | Lydian International Ltd | News Release |
| 26-May-16 | SAO | San Angelo Oil Ltd | News Release |
| 26-May-16 | LYD | Lydian International Ltd | News Release |
| 25-May-16 | CNL | Continental Gold Inc | News Release |
| 25-May-16 | SAO | San Angelo Oil Ltd | Rollback |
| 24-May-16 | BBI | Blackbird Energy Inc | Prospectus Approved |
| 20-May-16 | CNL | Continental Gold Inc | Warrants Called to Trade |
| 19-May-16 | BBI | Blackbird Energy Inc | News Release |
| 21-Apr-16 | KTN | Kootenay Silver Inc | Warrants Called to Trade |
| 18-Apr-16 | HSM | Helius Medical Technologies Inc | News Release |
| 14-Apr-16 | TMD | Titan Medical Inc | News Release |
| 14-Apr-16 | HSM | Helius Medical Technologies Inc | New Listing |
| 31-Mar-16 | TMD | Titan Medical Inc | News Release |
| 30-Mar-16 | TMD | Titan Medical Inc | Warrants Called to Trade |
| 22-Mar-16 | TMD | Titan Medical Inc | News Release |
| 26-Feb-16 | JTR | GreenSpace Brands Inc | Prospectus Approved |
| 25-Feb-16 | JTR | GreenSpace Brands Inc | News Release |
| 23-Feb-16 | TMD | Titan Medical Inc | Warrants Called to Trade |
| 16-Feb-16 | CRC | Caribbean Resources Corp | Correction |
| 12-Feb-16 | CRC | Caribbean Resources Corp | Name Change |
| 12-Feb-16 | DC | Dundee Corp | Warrants Called to Trade |
| 12-Feb-16 | TMD | Titan Medical Inc | News Release |
| 5-Feb-16 | ROE | Renaissance Oil Corp | 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.
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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.