Past year: ▼ 45%(37.2c – 72.2c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Oct 2024capital raising announcement● NeutralMajor
Signed a $25M equity line with an institutional investor -- the company can sell stock at its own discretion at 95% of market price, with no obligation to draw on it -- giving it a standing, non-toxic source of growth capital.
25 Mar 2022capital raising announcement▲ Good
Corrects the December 2021 filing on the 6,005,000 shares issued to directors and an officer for $600.50 total: their lock-up was not 12 months as first reported but 36 months, and the shares vest in equal annual instalments over those 36 months. This continues the December 2021 insider share issuance and means those insiders cannot sell for longer than first disclosed.
30 Dec 2021capital raising announcement▼ BadMajor
Insiders reshuffled the cap table: founders Michael Levine and BCIM Management (Ron Tattum) cancelled 1.775M shares back to treasury, and the company then issued 6.005M new shares to its directors and an officer for a nominal $600.50 total -- a large, low-cost insider allocation that roughly doubled the outstanding share count.
14 Sept 2021capital raising announcement▼ BadMajor
Began raising up to $1M through 15%-interest convertible notes to accredited investors, convertible at $0.375/share or a 25% discount to a future qualified offering -- costly, dilutive terms typical of a cash-constrained small explorer.
