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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Excelsior Mining closes
$31.68-million bought deal
Address: 300 - 2999 N 44th St
Phoenix, Arizona, USA 85018
Phone: 604 681 8030
Fax: 604 681 8039
Web Site: https://www.excelsiormining.com
Warrant Symbol - MIN.WT
Number Trading -
33.35 million
Expiration Date -
August 22, 2022
Exercise Price - $1.25
Cusip - 300763
Warrants called to trade news:
2021-02-22 09:42 MT -
News Release
Excelsior Mining Corp. has closed
its previously announced and
upsized bought deal public
offering of units of the company
with Scotiabank and PI Financial
Corp., as joint bookrunners and
underwriters. The underwriters
exercised the overallotment option
in full, and, as a result, the
company issued a total of 33.35
million units at a price of 95
cents per unit for gross proceeds
of $31,682,500. Each unit consists
of one common share and one
warrant. Each warrant is
exercisable to acquire a common
share at an exercise price of
$1.25 until Aug. 22, 2022. The
warrants will trade on the Toronto
Stock Exchange under the symbol
MIN.WT.
Excelsior Mining warrants to trade
Feb. 22
2021-02-18 22:34 MT -
Warrants Called to Trade
The Toronto Stock Exchange reports
that Excelsior Mining Corp. will
list 33.35 million warrants for
trading at the open on Feb. 22,
2021. As stated in its prospectus
supplement dated Feb. 12, 2021,
the company will issue 33.35
million units at 95 cents per unit
in an offering. Each unit will
consist of one share and one
warrant of the company, with each
warrant being exercisable at $1.25
per share for a period of 18
months following the closing of
the offering.
According to the TSX, the units
will separate after the closing of
the offering. The TSX has issued a
separate bulletin regarding the
listing of the shares underlying
the units.
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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.
