14 Feb 2011substantial holder notice● Neutral
Wellington Management Company, LLP reported a Oilsands Quest Inc shareholding of 39,287,837 shares (11.40% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2011substantial holder notice● Neutral
ALETHEIA RESEARCH AND MANAGEMENT, INC., IRS number reported a Oilsands Quest Inc shareholding of 5.00% of votes in a periodic institutional filing.
21 Jan 2011material agreement▼ BadMajor
On January 14, 2011 the company signed an equity distribution agreement with Knight Capital Americas allowing it to sell up to US$20 million of common stock at market prices on NYSE Amex over 12 months, with a 4% commission. The company says proceeds will fund re-abandonment of about 26 core holes in the Axe Lake area and general purposes. It is not obliged to sell any shares, so how much is raised is open.
18 Jan 2011securities registration● Neutral
Oilsands Quest Inc filed a prospectus supplement for an offering off its existing shelf.
6 Dec 2010quarterly activities report▼ Bad
Oilsands Quest Inc reported a quarterly net loss of $9.1 million for the period ended 2010-10-31.
10 Nov 2010substantial holder notice● Neutral
Wellington Management Company, LLP reported a Oilsands Quest Inc shareholding of 35,244,937 shares (10.41% of votes) in a periodic institutional filing.
3 Nov 2010material agreement▼ BadMajor
On October 28, 2010 the company signed an agency agreement with TD Securities for a best-efforts offering of up to 20,780,900 common shares at US$0.45 and 5,760,000 flow-through shares at Cnd$0.51435. A second agreement on November 1 added up to 1,360,900 flow-through shares. A press release says commitments of US$12.2 million came from existing institutional shareholders, after the offering was re-priced from an initial US$0.48 common / CDN$0.59 flow-through; the company may raise it to US$15 million. Fees total US$511,084 and Cnd$219,758, and there is a 90-day lock-up after closing. The price is well below the US$0.85 of May 2010, so this is a further dilutive raise at a lower price. Closing is not reported in this filing.
1 Nov 2010securities registration● Neutral
Oilsands Quest Inc filed a prospectus supplement for an offering off its existing shelf.
29 Oct 2010securities registration● Neutral
Oilsands Quest Inc filed a prospectus supplement for an offering off its existing shelf.
28 Oct 2010securities registration● Neutral
Oilsands Quest Inc filed a prospectus supplement for an offering off its existing shelf.
22 Sept 2010securities registration● Neutral
Oilsands Quest Inc filed the final prospectus for a registered offering.
15 Sept 2010securities registration● Neutral
Oilsands Quest Inc amended an already-effective registration statement.
9 Sept 2010quarterly activities report● Neutral
Oilsands Quest Inc reported a quarterly net income of $16.0 million for the period ended 2010-07-31.
8 Sept 2010quarterly activities report● Neutral
Oilsands Quest Inc reported a quarterly net income of $16.0 million for the period ended 2010-07-31.
13 Aug 2010securities registration● Neutral
Oilsands Quest Inc filed the final prospectus for a registered offering.
3 Aug 2010securities registration● Neutral
Oilsands Quest Inc filed the final prospectus for a registered offering.
2 Aug 2010securities registration● Neutral
Oilsands Quest Inc registered a securities offering with the SEC using its shelf eligibility.
22 July 2010securities registration● Neutral
Oilsands Quest Inc amended an already-effective registration statement.
22 July 2010listing compliance notice▼ Bad
Oilsands Quest Inc withdrew a registration statement, abandoning the offering it covered.
15 July 2010securities registration● Neutral
Oilsands Quest Inc amended a filing by which it registered a securities offering with the SEC.
14 May 2010capital raising announcement● NeutralMajor
On May 13, 2010 the company announced it closed the private placement announced April 29. It issued about 19.7 million shares to existing institutional shareholders for about US$18.2 million gross: 10.5 million flow-through shares at CDN$1.00 and about 9.2 million common shares at US$0.85. This resolves the pending closing.
What it means for a shareholder
9.2m new shares at US$0.850 to raise about US$7.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 May 2010capital raising announcement▼ BadMajor
On April 29, 2010 the company agreed to sell 9,188,059 shares at US$0.85 and 10,500,000 flow-through shares at US$0.995 in a non-brokered private placement, for about US$18.3 million gross. Closing was expected around May 10, 2010, subject to NYSE Amex approval. The press release says proceeds go to work commitments on existing leases and preparation for a planned SAGD test at Test Site 1 later in 2010. This is another share sale that dilutes existing holders; the US$0.85 price matches the April 2009 unit offering price.
What it means for a shareholder
9.2m new shares at US$0.850 to raise about US$7.8m. 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.
16 Mar 2010securities registration● Neutral
Oilsands Quest Inc filed the final prospectus for a registered offering.
10 Mar 2010securities registration● Neutral
Oilsands Quest Inc amended an already-effective registration statement.
19 Feb 2010securities registration● Neutral
Oilsands Quest Inc filed the final prospectus for a registered offering.
16 Feb 2010substantial holder notice● Neutral
ALETHEIA RESEARCH AND MANAGEMENT, INC., IRS number reported a Oilsands Quest Inc shareholding of 29,459,692 shares (10.59% of votes) in a periodic institutional filing.
12 Feb 2010securities registration● Neutral
Oilsands Quest Inc amended a filing by which it registered a securities offering with the SEC.
12 Feb 2010substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial Oilsands Quest Inc shareholding (7.55% of votes).
22 Jan 2010securities registration● Neutral
Oilsands Quest Inc amended a filing by which it registered a securities offering with the SEC.
8 Jan 2010securities registration● Neutral
Oilsands Quest Inc amended a filing by which it registered a securities offering with the SEC.