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Tel. 780-429-6775
Fax. 780-424-0004
100, 10585 - 111 Street
Edmonton, Alberta  T5H 3E8

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A certificate giving the holder the right to purchase securities at a stipulated price within a specified time limit. Warrants are usually issued with a new issue of securities as an inducement to investors to buy the new issue. The term, warrant, is also applied to a certificate representing the total number of rights a shareholder is entitled to under a rights issue.

When Issued

Indicates a conditional transaction in a security authorized for issuance, but not as yet actually issued

Working Capital

Current assets minus current liabilities. This figure is an indication of the company's ability to meet its short-term debts.

Working Capital Ratio

Current assets of a company divided by its current liabilities.

Working Control

Theoretically ownership of 51 per cent of a company's voting stock is necessary to exercise control. In practice - and this is particularly true in the case of a large corporation - effective control sometimes can be exerted through ownership, individually or by a group acting in concert, of less than 50 per cent.

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