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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Address: 7070 - 100 King St W (1
First Canadian Place)
Toronto ON M5X 1E3
Phone: 416 366 2221
Fax: 416 366 7722
Website: https://www.banro.com/
Warrant Symbol - BAA.WT
Number Trading - 5.5 million
Expiration Date - Sept. 17, 2011
Cusip - 066800 11 1
Exercise Price - $2.20 (U.S.)
Warrants called to trade news:
Banro to list 5.5 million
warrants on Sept. 17
2008-09-15 16:55 MT - Warrants
Called to Trade
TSX bulletin 2008-1045
A total of 5.5 million common
share purchase warrants of Banro
Corp. will be listed and posted
for trading at the open on
Wednesday, Sept. 17, 2008, under
the following trading
information:
Warrant symbol: BAA.WT
Warrant Cusip No.: 066800 11 1
Trading currency: Canadian
dollars
Designated market-maker: RBC
Capital Markets
Other markets: American Stock
Exchange
The listing covers warrants
forming part of the 11 million
units to be sold to the public
at a price of $1.75 (U.S.) per
unit pursuant to the terms of a
short form prospectus dated
Sept. 11, 2008. Each unit
consists of one common share and
one-half of one warrant. Each
whole warrant entitles the
holder to purchase one common
share of the company at a price
of $2.20 (U.S.) per shares at
any time before 5 p.m. (Toronto
time) on Sept. 17, 2011. The
units will separate immediately
upon closing of the offering.
The warrants will be governed by
the terms of a warrant indenture
between the company and Equity
Transfer & Trust Company as
trustee. The warrant indenture
provides for appropriate
adjustments to the warrants in
the event of stock dividends,
subdivisions, consolidations and
other forms of capital
reorganization..
- 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.
