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: 501 - 570
Granville St
Vancouver B.C. Canada V6C 3P1
Phone: 604 694 1730
Fax: 604 694 1761
Web Site:
https://www.silvercrestmetals.com
Warrant Symbol - SIL.WT
Number Trading - 2,275,000
Expiration Date - December 6,
2018
Cusip - 828363 11 9
Exercise Price - $3.00
Warrants called to trade news:
Silvercrest underwriters
exercise $1.5M greenshoe
2016-12-14 08:13 MT -
News Release
In connection with Silvercrest
Metals Inc.'s completed offering
of 4.55 million units of the
company at a price of $2.20 per
unit for gross proceeds of
$10.01-million on Dec. 6, 2016,
the overallotment option granted
to National Bank Financial Inc.,
PI Financial Corp. and Canaccord
Genuity Corp., as underwriters,
to purchase up to an additional
682,500 units at the issue price
was exercised in full for
additional aggregate gross
proceeds of $1,501,500.
The sale of the additional units
pursuant to the overallotment
option brings the aggregate
gross proceeds to Silvercrest
(including the overallotment
option) to $11,511,500.
Each unit consists of one common
share of Silvercrest and
one-half of one common share
purchase warrant. Each warrant
will entitle the holder to
acquire one common share of
Silvercrest at an exercise price
of $3 until Dec. 6, 2018. The
warrants were posted for trading
on the TSX Venture Exchange on
Dec. 9, 2016, under the trading
symbol SIL.WT.
Silvercrest Metals prospectus
approved, warrant listing
2016-12-08 15:16 MT - Prospectus
Approved
New listing -- warrants
Effective at the opening on
Friday, Dec. 9, 2016, the common
share purchase warrants of the
company will commence trading on
the TSX-V. The company is
classified as a Tier 2 mining
company.
Capitalization on Warrants:
unlimited warrants with no par
value, of which 2,275,000
warrants are issued and
outstanding
Warrant trading symbol: SIL.WT
Warrant Cusip No.: 828363 11 9
The warrants were issued to
subscribers of the offering.
Each warrant entitles the holder
to purchase one common share of
the company at a price of $3.00
per share and will expire two
years following closing of the
offering on Dec. 6, 2018.
© 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.
