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: 200 - 224 4th Ave S
Saskatoon SK S7K 5M5
Phone: 306 668 7505
Fax: 306 668 7500
Website:
http://www.clauderesources.com
Warrant Symbol - CRJ.WT
Number Trading - 1,809,500
Expiration Date - May 22, 2013
Cusip - 182873 14 1
Exercise Price - $1.60
Warrants called to trade news:
Claude Resources to list
1,809,500 warrants on Sept. 23
2008-09-19 17:41 MT - Warrants
Called to Trade
TSX bulletin 2008-1077
A total of 1,809,500 common
share purchase warrants of
Claude Resources Inc. will be
listed and posted for trading at
the open on Sept. 23, 2008,
under the following trading
information.
Warrant symbol: CRJ.WT
Warrant Cusip No.: 182873 14 1
Designated market-maker: Raymond
James Ltd.
Other markets: None
The warrants were issued on May
22, 2008, pursuant to a private
placement of up to 20,000 units,
each unit consisted of one
12-per-cent senior secured
non-convertible debenture in the
principal amount of $1,000 and
100 warrants, each whole warrant
entitling the holder thereof to
purchase one common share an
exercise price of $1.60 per
share at any time prior to 4:30
p.m. (Saskatoon time) on May 22,
2013.
Registration of interests in and
transfers of warrants shall be
made through the book-based
system operated by CDS Clearing
and Depository Services Inc. The
warrants will be evidenced by
global warrants certificate(s)
for an amount representing the
total number of such warrants
outstanding from time to time.
The warrants are governed by the
terms of a warrant indenture
between the company and Canadian
Western Trust Co. as trustee.
The warrant indenture provides
for appropriate adjustments to
the warrants in the event of
stock dividends, subdivisions,
consolidations and other forms
of capital reorganization.
- 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.
