Some stock exchanges offer 'warrants'. For example, on TSE, you can find swy.wt.a. My understanding is that this security gives you the right to purchase the regular stock at a specific price, until a specific date.

But, where can I find the price and date, in general ? For the example above, I can google and find it at

http://www.northernminer.com/news/tsx-and-tsxv-warrants/1003696877/ Stornoway Diamond (SWY.WT.A) - Wt buys sh @ $0.90 to Jul 3/16.

Which is great. However, how can I verify that those are the actual terms ? I won't trust a random page on the Internet.

Also, I understand that warrants can come with various non-standard terms. Where and how do I find those terms ? Or, do I simply stay away from warrants stock if I'm not fully aware of all the details of the issuing company ?

  • Warrants are not stocks they are a derivative of the stock similar to Options. – Victor Feb 25 '16 at 2:23
  • @Victor, edited to use a better terminology – Jeffrey supports Monica Feb 25 '16 at 2:36
  • warrants are (generally) issued either by the company itself or by banks - the terms should be on the issuing company's or bank's website. – assylias Feb 25 '16 at 13:30

I agree that a random page on the internet is not always a good source, but at the same time I will use Google or Yahoo Finance to look up US/EU equities, even though those sites are not authoritative and offer zero guarantees as to the accuracy of their data.

In the same vein you could try a website devoted to warrants in your market. For example, I Googled toronto stock exchange warrants and the very first link took me to a site with all the information you mentioned. The authoritative source for the information would be the listing exchange, but I've spent five minutes on the TSX website and couldn't find even a fraction of the information about that warrant that I found on the non-authoritative site.

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