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: 300 - 1100
Canadiens de Montreal Ave
Montreal Quebec Canada H3B 2S2
Phone: 604 732 5840
Fax: 604 608 3503
Web Site:
https://www.falcores.com/
Warrant Symbol -
FPC.WT
Number Trading - 9.69 million
Expiration Date - December 7,
2018
Cusip - 30606C 12 4
Exercise Price -
$1.70
Warrants called to trade news:
Falco Resources closes $28.75M
financing
2017-06-07 08:20 MT -
News Release
The TSX Venture Exchange has
conditionally approved the
listing of the warrants and
under the symbol FPC.WT, subject
to fulfilling all of the
requirements of the TSX-V.
Trading is expected to commence
at the opening of markets on
June 7, 2017.
Falco Resources prospectus
offering, warrant listing
2017-06-06 14:58 MT - Prospectus
Approved
Offering: The offering consists
of 19.38 million units at the
price of $1.29 per unit. Each
unit consists of one common
share and one-half of one common
share purchase warrant. Each
whole warrant entitles the
holder to purchase one
additional common share at the
exercise price of $1.70 per
share during a period of 18
months following the closing
date.
Commence date: The warrants will
commence trading on the TSX
Venture Exchange at the opening
on Wednesday, June 7, 2017, upon
confirmation of closing of the
company's offering by prospectus
dated May 31, 2017.
Capitalization: 9.69 million
warrants issued and outstanding
(Up to an additional 2,907,000
warrants could be issued upon
exercise of an overallotment
option granted pursuant to the
company's prospectus dated May
31, 2017.)
Warrant exercise price: $1.70
per share at any time prior to 5
p.m. Toronto time on the date
that is 18 months following the
closing date of the offering
(The expiry date of the warrants
is December 7, 2018, in the
warrant indenture.)
Trading symbol: FPC.WT
Cusip No.: 30606C 12 4
The warrants will be governed by
the terms of an indenture to be
executed on June 7, 2017,
between the issuer and TSX Trust
Company, as warrant agent.
The warrants will be issued
pursuant to a prospectus dated
May 31, 2017, of 19.38 million
units at a price of $1.29 per
unit. Each unit consists of one
common share and one-half of a
warrant. Each warrant entitles
the holder to purchase one
common share of the company at a
price of $1.70 per common share
and will expire at 5 p.m.
Toronto time on the date that is
18 months following the closing
date of the offering. The
company granted to the
underwriters an option to
purchase units, at the
subscription price, for a
maximum number equal to 15 per
cent of the number of units sold
under the offering for a period
of 30 days from the closing date
of the offering.
© 2017 Canjex Publishing Ltd.
All rights reserved.
- 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.
