6 Aug 2020capital raising announcement● Neutral
Almaden announced it closed a non-brokered private placement. This presumably completes the one proposed on 23 July 2020 (inference from timing); the amount and price are not in the text available.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 July 2020capital raising announcement● Neutral
Almaden announced another proposed non-brokered private placement, its second of 2020 after the one closed in March. The text available gives no amount, price or terms.
27 Mar 2020capital raising announcement● Neutral
Almaden announced it closed the non-brokered private placement proposed and re-priced earlier in March 2020, and filed Form 20-F documentation. The proceeds and number of shares issued are not in the text available.
20 Mar 2020capital raising announcement● Neutral
Almaden announced a re-pricing of the private placement proposed on 10 March 2020. The text available does not say whether the price went up or down, or by how much.
11 Mar 2020capital raising announcement● Neutral
Almaden announced a proposed non-brokered private placement of shares, a new fundraising after the $17.25 million bought deal of June 2017. The text available gives no amount, price or terms.
12 June 2017capital raising announcement● Neutral
A second filing furnishing the same material change report for the 1 June closing of the $17.25 million bought deal; it adds nothing to the report filed ten days earlier.
2 June 2017capital raising announcement▲ GoodMajor
Closed the bought deal at $17,251,150 for 9,857,800 units - the underwriters took their full option, so the raise came in above the $15.0 million announced in May. Underwriters were paid $1,035,069 and 295,734 warrants. This is the largest financing in the cached record and leaves the company funded through permitting.
What it means for a shareholder
9.9m new shares at about C$1.52 to raise about C$15.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
8 May 2017capital raising announcement▲ GoodMajor
Agreed a $15.0 million bought-deal placement with Sprott Capital Partners and Cormark Securities as co-leads: 8,572,000 units at $1.75 with half-warrants at $2.45 for three years, plus an option for 1,285,800 more units. The first underwritten financing in the record, and at a price above every raise since 2013.
What it means for a shareholder
8.6m new shares at C$1.75 to raise about C$15.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
9 Mar 2017capital raising announcement▲ Good
Closed a $3.4 million placement of 2,519,407 units at $1.35, with half-warrants at $2.00 to August 2019 and $88,630 of finder fees. The price is back up from $0.75 in late 2015, and for the first time in the record no insider took part.
What it means for a shareholder
2.5m new shares at C$1.35 to raise about C$3.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
23 Nov 2015capital raising announcement▼ BadMajor
Raised $3.38 million placing 4,506,666 units at $0.75 - a 40% cut from February's $1.25 and less than half the price of the 2013 raise - with warrants at $1.00 to November 2017; Chairman Duane Poliquin took 100,000 units. Part of the money covers near-term payments on an option over the Rock Creek mill, a second-hand plant the company had secured in October.
What it means for a shareholder
4.5m new shares at C$0.750 to raise about C$3.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
13 Feb 2015capital raising announcement● Neutral
Formal material change report for the 11 February placement of 4,420,000 units at $1.25, restating the terms and the insider participation.
What it means for a shareholder
4.4m new shares at C$1.25 to raise about C$5.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
11 Feb 2015capital raising announcement● Neutral
Raised $5,525,000 by placing 4,420,000 units at $1.25, down from $1.50 six months earlier, with half-warrants at $2.00 for a year; fees were $212,626 and 49,410 warrants. Chairman Duane Poliquin, 10%-plus holder Ernesto Echavarria and officer Douglas McDonald took 454,000 units between them. Proceeds go towards the pre-feasibility study.
What it means for a shareholder
4.4m new shares at C$1.25 to raise about C$5.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
1 Aug 2014capital raising announcement● Neutral
Closed the $6.0 million placement at $1.50 a unit, with Secutor Capital taking $107,400 and 48,000 warrants as finder. Chairman Duane Poliquin, directors Joseph Montgomery and Barry Smee, and 10%-plus holder Ernesto Echavarria took a combined 465,299 units, a related-party participation exempt from valuation and minority approval because it stayed under a quarter of market capitalisation.
18 July 2014capital raising announcement● Neutral
Launched a non-brokered placement of up to 4,000,000 units at $1.50, each with half a warrant exercisable at $2.00 for a year, to fund engineering studies and exploration. The price is up from the $1.25 raise of July 2013.
What it means for a shareholder
4.0m new shares at C$1.50 to raise about C$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
18 July 2013capital raising announcement● NeutralMajor
Raised $5.47 million by placing 4,376,000 units at $1.25 with a small group of Mexico-focused strategic investors, each unit carrying a warrant exercisable at $1.50 to January 2015 and $1.80 thereafter; finders took $232,500 and 186,000 warrants. The first equity raise in the cached record, six months after the maiden resource.
What it means for a shareholder
4.4m new shares at C$1.25 to raise about C$5.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.