there is no problem holding the warrant in an ira account, and you can sell this warrant. but for those of us living outside canada, we can't buy it until forty (40) days after trading started on sept 8, according to my broker.

due to some arcane sec regulation, the new issue must trade for 40 days in the us before i could buy more of them. my broker expects the new warrant will soon have a five-character symbol assigned it to correspond to k-wc in canada, but it hasn't traded much in the states yet.

something else of interest is that as it stands now, we will not be allowed to exercise the warrant, even though kinross is a dual-listed stock. we can sell it, and after 40 days we can buy it all we want, but unless the rule changes, we can't exercise the warrant in the us. period.

there is some obscure difference between dual-listed and dual-traded at work, and the rule may change some day. but as of now, exercising these warrants would result in new shares which are unregistered by the sec. at least that's what i think i understood, although that seems strange for a stock that trades on the nyse. but it was clear that in the states, the warrants can be traded, but not exercised.

i don't think this really matters because for now the warrant's value is based on its time premium, and will be considerably more than its intrinsic value (which is zero right now) until the warrant is close to expiration.