Each one in plain English, with the numbers worked through for a shareholder.
16 Aug 2023securities registration● Neutral
Golden Minerals filed an S-1 registering the resale of up to 1,427,587 shares issuable on exercise of warrants issued to a selling stockholder in the June 2023 private placement. The company is not selling any shares and will receive no proceeds.
Golden Minerals signed a binding letter of intent giving Mexican firm TSM an option to acquire its 100% interest in the Santa Maria claims for $1.5 million cash plus a 1.5% royalty capped at $1 million. Nothing is payable until a definitive agreement, targeted for September 25, 2023, follows a 45-day due diligence period.
Golden Minerals reported Q2 2023 production from its Rodeo mine: 1,828 ounces of payable gold and 7,742 ounces of payable silver. Open pit mining ended in June and the mine moved to processing stockpiled material.
Golden Minerals switched auditors again, replacing Armanino with Haynie & Company after a request-for-proposal process, with no disagreements reported.
Golden Minerals sold 790,000 shares at $1.45 and pre-funded warrants for 637,587 shares in a registered direct offering, raising about $2.1 million gross. It also issued private warrants for 1,427,587 shares at $1.90.
Golden Minerals filed a prospectus supplement for a direct offering of 790,000 shares at $1.45 and pre-funded warrants for up to 637,587 shares, about $2.07 million gross. Concurrent private warrants covered 1,427,587 shares at $1.90.
Golden Minerals filed a prospectus supplement reducing its at-the-market offering through H.C. Wainwright from $10 million to up to $3 million of shares. It had sold 202,617 shares for about $1.2 million since March 29, 2023.
9 June 2023listing compliance notice● NeutralMajor
NYSE American notified Golden Minerals it was below the $6.0 million stockholders' equity requirement, with equity of $4.1 million. The company also said its Board approved restarting Velardeña mining, needing about $0.5 million initially, but that it lacked enough cash and had to raise capital.
Golden Minerals filed its 10-Q for the quarter ended March 31, 2023, showing cash and cash equivalents of about $2.0 million. The filing also disclosed an at-the-market share sale program and a threatened lawsuit from Unifin Financiera.
Golden Minerals filed its proxy statement for the May 26, 2023 annual meeting. Stockholders will vote on seven directors, auditor ratification, a 2023 Equity Incentive Plan, a 1-for-2 to 1-for-25 reverse split, a cut in authorized shares and officer exculpation.
Golden Minerals gave notice of its May 26, 2023 annual meeting. Stockholders will vote on seven directors, auditor ratification, a 2023 Equity Incentive Plan, a 1-for-2 to 1-for-25 reverse split, a cut in authorized shares and officer exculpation.
Golden Minerals filed a prospectus supplement raising its at-the-market program with H.C. Wainwright by up to $10,000,000 in common stock, under its October 2020 shelf registration. About 9.03 million shares had been sold under the program for $4.23 million.
Golden Minerals Co announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Golden Minerals filed its 10-Q quarterly report for the period ended September 30, 2022, covering its Mexican operations, Velardeña and Rodeo properties, and its at-the-market share sales program.
Golden Minerals replaced Plante & Moran with Armanino LLP as its independent auditor following a request-for-proposal process, with no disagreements reported.
Stockholders at the May 26, 2022 annual meeting elected all eight directors and ratified Plante & Moran as auditor for 2022. About 60.78% of eligible shares were present or represented.