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: Box 1412, 14 Southborne
Street
Scarborough WA AUSTRALIA 6019
Phone: 61 8 9481 7344
Fax: 61 8 9481 7355
Web Site:
https://www.westafricanresources.com
Warrant Symbol - WAF.WT
Number Trading - 14,918,593
Expiration Date - January 24, 2017
Cusip - Q9594D 12 2
Exercise Price - $0.40
Warrants called to trade news:
West African Resources lists on the
TSX-V
2014-01-23 17:48 MT - New Listing
Effective at the opening, Friday, Jan.
24, 2014, the common shares and common
share purchase warrants of West African
Resources Ltd. will commence trading on
the TSX Venture Exchange as an
interlisted company, as West African
trades on the Australian Securities
Exchange. West African is classified as
a Tier 1 junior mining company.
Corporate jurisdiction: Australia
Capitalization on warrants: unlimited
warrants with no par value of which
14,918,593 warrants are issued and
outstanding
Warrant trading symbol: WAF.WT
Warrant Cusip No.: Q9594D122
The warrants were issued pursuant to
West African's arrangement agreement
with Channel Resources Ltd. Each warrant
entitles the holder to purchase one
common share of West African at a price
of 40 cents per share and will expire on
Tuesday, Jan. 17, 2017 (36 months from
the effective date of the arrangement
agreement on Jan. 17, 2014).
For further information, please refer to
West African's listing application dated
Jan. 16, 2014, available on SEDAR.
© 2015 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.
