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: 810 - 789 Pender
St W
Vancouver BC Canada V6C 1H2
Phone: 604 687 2038
Fax: 604 687 3141
Web Site:
https://www.redwhitebloom.com
Warrant Symbol - RWB.WT
Number Trading -
35,351,000
Expiration Date -
September 24, 2022
Exercise Price - $1.00
Cusip - 75704R 11 9
Warrants called to trade news:
Red White & Bloom closes
$25.01-million offering
2020-09-24 08:22 MT -
News Release
Red White & Bloom Brands Inc. has
closed its previously announced
bought deal offering for a total
issuance today of 33.35 million
units of the company at a price of
75 cents per unit for aggregate
gross proceeds of $25,012,500,
which includes the full exercise
of the overallotment option. The
offering was co-led by PI
Financial Corp. and Eight Capital
on behalf of a syndicate of
underwriters including Canaccord
Genuity Corp. and Echelon Wealth
Partners Inc.
Each unit consists of one common
share in the capital of the
company and one common share
purchase warrant. Each warrant
entitles the holder thereof to
purchase one common share at an
exercise price of $1 for a period
of 24 months following the closing
of the offering. If, at any time
prior to the expiry date of the
warrants, the volume-weighted
average price of the common shares
on the Canadian Securities
Exchange (or such other stock
exchange where the majority of the
trading volume occurs) exceeds
$1.50 for 10 consecutive trading
days, the company may provide
written notice to the holders of
the warrants by way of a news
release advising that the warrants
will expire at 5 p.m. Vancouver
time on the 30th day following the
date of such notice unless
exercised by the holders prior to
such date.
In connection with the offering,
the company has listed the
warrants on the CSE under the
symbol RWB.WT.
- 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.
