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 Symbol - CRZ.WT
Number Trading - 3,531,663
Expiration Date - July 31 1996
Cusip - 12639R 11 2
Warrants called to trade news:
Arrangement and new issue of
warrants
1993-08-05 09:43 MT - Miscellaneous
The Montreal exchange reports
Reference is made to our bulletin
dated May 26 1993 in connection with
the company's proposed arrangement
with American Eagle Petroleums Ltd.
The exchange has been informed that
all conditions precedent to the
arrangement have been fulfilled and
that a certificate of amendment
dated August 1 1993 has been issued.
Consequently, pursuant to the terms
of the arrangement, an additional
882,910 common shares and 3,531,663
newly issued warrants of the company
shall be listed and admitted to
trading on the exchange at the
opening of business on August 9
1993.
Pursuant to the terms of the
arrangement, an additional 882,910
common shares and 3,531,663 newly
issued warrants of the company shall
be listed and admitted to trading on
the exchange at the opening of
business on August 9 1993.
Pursuant to the terms of the
arrangement, each 100 outstanding
American Eagle shares (American
Eagle shares as referred to shall
include the class A shares and
common shares of American Eagle)
will ultimately be exchanged with
the company for two common shares of
the company, 1.6 warrants to acquire
common shares of the company and
$12.50 cash. Each warrant shall
carry the right to acquire one
common share of the company for
$8.00 until 4:30 pm (local time) on
or before July 31 1996.
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- 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.
