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: 1002 - 40 University
Ave
Toronto ON M5J 1T1
Phone: 416 408 4088
Fax: 416 408 4077
Website:
https://www.norsemont.com
Warrant Symbol - NOM.WT
Number Trading - 4,257,500
Expiration Date - April 30, 2011
Cusip - 656529 13 8
Exercise Price - $2.75
Warrants called to trade news:
Norsemont to list 4.25
million warrants Nov. 3
2009-10-30 04:08 MT - Warrants
Called to Trade
TSX bulletin 2009-1412
A total of 4,257,500 common
share purchase warrants of
Norsemont Mining Inc. will be
listed and posted for trading at
the opening on Tuesday, Nov. 3,
2009, under the following
trading information:
Symbol: NOM.WT
Cusip No.: 656529 13 8
Trading currency: Canadian
Designated market maker: W.D.
Latimer Co. Ltd.
Other markets: None
The warrants are being issued in
connection with a prospectus
offering of units by the
company, each unit consisting of
one common share and one-half of
a warrant. Each whole warrant
entitles the holder to purchase
one additional common share of
the company at a price of $2.75
per share at any time from the
closing date of the offering
until 4 p.m. (Toronto time) on
April 30, 2011.
The warrants will be governed by
the terms of a warrant indenture
between the company and
Computershare Trust Company of
Canada, as warrant agent. The
warrant indenture will provide
for appropriate adjustments to
the warrants in the event of
stock dividends, subdivisions,
consolidations and other forms
of capital reorganization.
Please see elsewhere in
Stockwatch today for a Toronto
Stock Exchange bulletin for
information regarding the
additional listing of common
shares of the company.
- 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.
