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: 1440 - 155
University Ave
Toronto ON M5H 3B7
Phone: 416 368 8288
Fax: 416 368 2988
Website:
https://www.rnovogold.com/
Warrant Symbol - RN.WT
Number Trading - 1,875,000
Expiration Date - March 8,
2015
Cusip - G75700 12 3
Exercise Price - $2.25
Warrants called to trade news:
Rio Novo Gold to list on TSX
March 8
2010-03-04 17:55 MT - New
Listing
TSX bulletin 2010-0270
An application has been
granted for the original
listing in the mining
category of up to
112,012,500 ordinary shares
of the company of which up
to 87 million shares will be
issued and outstanding and
up to 25,012,500 shares will
be reserved for issuance
upon completion of an
initial public offering. An
application has also been
granted for the listing of
up to 14,375,000 ordinary
share purchase warrants, of
which up to 12.5 million
warrants will be issued and
outstanding and up to
1,875,000 warrants will be
reserved for issuance.
The ordinary shares and
warrants will be sold to the
public in the form units at
a price of $1.60 per unit.
Each unit will consist of
one share and one-half of
one warrant. Each whole
warrant will entitle the
holder to acquire one
ordinary share at a price of
$2.25 at any time prior to 5
p.m. (Toronto time) on the
date that is five years from
the closing of the
prospectus offering. The
units will separate
immediately upon issuance.
Listing of the shares and
warrants will become
effective at 5:01 p.m. on
Friday, March 5, 2010, in
anticipation of the closing
of the prospectus offering
on Monday, March 8, 2010.
The shares and the warrants,
other than those which have
not been distributed to the
public, will be posted for
trading at the opening on
March 8, 2010.
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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.
