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Gold/Mining/Energy : Canadian Warrants Only

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From: tcprix5/14/2021 12:37:41 AM
  Read Replies (1) of 23102
 
Hey all, bit of a noob question over here. I don't understand what exactly 'exercise price' is. So for example lets take JJ.WT.A, it expires in January 2022 and has an exercise price of $5.00

I tried looking it up and I really don't get it. If the price goes past 5$ it cancels out the warrant??

Can someone explain in laymen terms?

Thanks
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