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: 1016 - 120
Adelaide St W
Toronto ON M5H 1T1
Phone: 416 364 8820
Fax: 416 364 0193
Website -
https://www.baffinland.com/
Warrant Symbol - BIM.WT.A
Number Trading - 21,942,834
Expiration Date - December 10, 2012
Cusip - 056620 13 1
Exercise Price - $0.70
Warrant Symbol - BIM.WT
Number Trading - 5,454,550
Expiration Date - Jan. 31, 2012
Cusip - 056620 11 5
Exercise Price - $5.50
Warrants called to trade news:
Baffinland Iron to list 21.94
million warrants Dec. 11
2009-12-10 20:59 MT - Warrants Called to
Trade
TSX bulletin 2009-1666
Further to the trader note issued by the
Toronto Stock Exchange at 9:12 a.m. today,
Dec. 10, 2009, a total of 21,942,834 common
share purchase warrants of Baffinland Iron
Mines Corp. will be listed and posted for
trading at the opening on Friday, Dec. 11,
2009, under the following trading
information:
Symbol: BIM.WT.A
Cusip No.: 056620 13 1
Trading currency: Canadian
Designated market-maker: Raymond James Ltd.
Markets: None
The listing covers warrants forming part of
the 43,885,669 units (which includes
3,125,100 units issued pursuant to the
underwriters' overallotment option) sold to
the public on Dec. 10, 2009, at a price of
48 per unit pursuant to the terms of a short
form prospectus dated Dec. 2, 2009. 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 70 cents
per share at any time at or before 5 p.m.
(Toronto time) on Dec. 10, 2012. The units
separated immediately upon closing of the
public offering.
Baffinland to list 5,454,550 warrants on
Jan. 31
2007-01-29 20:47 ET - Warrants Called to
Trade
TSX bulletin 2007-0122
A total of 5,454,550 common share purchase
warrants of Baffinland Iron Mines
Corp. will be listed and posted for trading
at the open on Wednesday, Jan. 31, 2007,
under the following trading information:
Warrant symbol: BIM.WT
Warrant Cusip No.: 056620 11 5
Designated market-maker: Raymond James Ltd.
Other markets: None
The listing covers warrants forming part
10,909,100 units sold to the public at a
price of $2.75 per unit pursuant to the
terms of a prospectus dated Jan. 24, 2007.
Each unit consists of one common share and
one-half of a warrant. The units
separated immediately upon closing of the
public offering.
Each warrant entitles the holder to purchase
one common share of Baffinland at a
price of $5.50 per share at any time prior
to 5 p.m. (Toronto time) on Jan. 31, 2012.
The warrants are governed by the terms of a
warrant indenture to be dated Jan. 31,
2007, between Baffinland and Computershare
Trust Co. of Canada 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.
