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: 208 - 1540 Cornwall Rd
Oakville ON L6J 7W5
Phone: 905 339 1540
Fax: 905 339 0016
Website:
https://www.bennettenv.com
Warrant Symbol - BEV.WT
Number Trading - 4.09 million
Expiration Date - May 7, 2012
Cusip - 081906 14 1
Exercise Price - $3.75
Warrants called to trade news:
Bennett Environmental to
list 4.09 million warrants
2010-05-07 16:23 MT - Warrants
Called to Trade
TSX bulletin 2010-0520
A total of 4,098,361 common
share purchase warrants of
Bennett Environmental Inc. will
be listed and posted for trading
at the opening on May 11, 2010,
under the following trading
information:
Symbol: BEV.WT
Cusip: 081906 14 1
Trading currency: Canadian
Designated market-maker:
Canaccord Financial Ltd.
Other markets: None
The listing covers warrants
forming part of the 8,196,722
units were sold to the public at
a price of $3.05 per unit
pursuant to the terms of a
short-form prospectus dated
April 29, 2010. 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 $3.75 per share at any time
prior to 5 p.m. (Toronto time)
on May 7, 2012.
- 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.
