GENTOR RESOURCES INC. (GNTOF): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

8 Nov 2011capital raising announcement▲ GoodMajor

Sold 2,163,000 units at Cdn$1.00 each for Cdn$2.163 million in a brokered offering, with each unit including a half-warrant exercisable at Cdn$1.25. It also sold 1,222,500 units for Cdn$1.22 million in a non-brokered offering, and its shares began trading on the TSX Venture Exchange on November 7, 2011.

What it means for a shareholder

2.2m new shares at C$1.00 to raise about C$2.2m. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held C$1,000 of shares (1,000 at the issue price), your slice goes from 0.00165% to 0.0016% of the company. To keep it you'd need 36 more shares - about C$36 at the issue price.

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10 Feb 2011capital raising announcement▲ GoodMajor

Raised a further $4.49 million from investors in January 2011, continuing to fund the buildout of the Oman copper project.

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14 Jan 2011capital raising announcement● Neutral

A small $19,500 top-up tranche (26,000 units) closing out the same November 2010 financing round.

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29 Dec 2010capital raising announcement▲ GoodMajor

Sold a further $2.75 million of units (3.66 million units) to non-US investors through late November 2010, part of the same financing push.

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10 Nov 2010capital raising announcement▲ GoodMajor

Announced completion of a $5.25 million private placement, the largest raise yet since the Oman pivot, continuing to fund exploration there.

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8 Nov 2010capital raising announcement▲ GoodMajor

Disclosed unit sales between October 28 and November 2, 2010 totalling about $5.25 million. These included 2.78 million units for $2.08 million to two non-US investors; each unit carried a warrant exercisable at $0.90 for 12 months.

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3 Sept 2010capital raising announcement● Neutral

Granted 650,000 stock options to employees under the new incentive plan, exercisable at $0.75.

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6 May 2010capital raising announcement● Neutral

Confirmed via press release the completion of the same $2 million private placement.

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30 Apr 2010capital raising announcement▲ GoodMajor

Raised $2 million from a single non-US investor (4 million units at $0.50) to advance the new Oman copper project.

What it means for a shareholder

4.0m new shares at US$0.500 to raise about US$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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28 Apr 2010capital raising announcement● Neutral

Issued 100,000 shares to an employee as compensation for work securing the company's Oman mineral property rights.

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21 Dec 2007capital raising announcement● Neutral

Sold 2.5 million restricted shares to a small group of investors, including Sheldon Inwentash, to fund the Idaho drilling program.

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