I'm a little out of my depth talking about warrants....I've never owned any, I have bought and sold options however...but not in a registered account.  

In another classic tale of the rich getting richer, those who took part in the financing and have held onto to their units (both the shares and the warrants) they are already sitting on a paper gain.  The warrants closed today at 54 cents, and the PPS closed at $1.36 for a total of $1.90 against a cost of $1.80 for a gain of 5.6%