28 Aug 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 875,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2009securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
24 Aug 2009capital raising announcement● Neutral
On 18 August 2009 the company issued 3,500,000 units (a share plus a warrant at $0.20 for two years) to settle $350,000 owed to an investor, an LLC whose two managing members are directors and officers of the company. This is a further debt-for-equity swap, following the July one, with a related party.
17 Aug 2009capital raising announcement● Neutral
On 14 August 2009 the company hired Mirador Consulting for six months, to February 14, 2010, to help seek equity financing and provide investor relations. It pays $6,700 for the first month and $4,000 monthly after, and Mirador buys 3,000,000 shares for $3,000 in total, half delivered at signing and half by 15 November 2009 if the agreement is still in force.
28 July 2009substantial holder notice● Neutral
HAROLD C. MOLL reported a ROYAL MINES & MINERALS CORP shareholding of 8,750,000 shares (11.30% of votes) in a periodic institutional filing.
27 July 2009director interest notice● Neutral
Harold C Moll became a ROYAL MINES & MINERALS CORP 10%+ owner and company insider (initial ownership filing).
22 July 2009capital raising announcement● Neutral
On 16 July 2009 the company issued 2,500,000 units (one share plus a warrant at $0.10 for two years) to settle debts: 500,000 units for $25,000 owed to a director and 2,000,000 units for $100,000 owed to an existing shareholder. Debt is reduced in exchange for new shares, which dilutes existing holders.
21 July 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher bought 1,000,000 shares on the open market.
7 Apr 2009director interest notice● Neutral
Boyko Michael Christopher became a ROYAL MINES & MINERALS CORP director and company insider (initial ownership filing).
26 Mar 2009substantial holder notice● Neutral
HAROLD C. MOLL reported a ROYAL MINES & MINERALS CORP shareholding of 4,750,000 shares (6.50% of votes) in a periodic institutional filing.
26 Mar 2009material agreement▲ GoodMajor
On 24 March 2009 the company granted Greene Lyon Group, LLC a five-year exclusive license to use its thiourea technology to extract precious metals from recycled electronic scrap in North America. GLG agreed to pay the greater of $5,000 a year or a 2% royalty on the value of metals recovered.
11 Mar 2009substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 23,131,000 shares (31.80% of votes) in a periodic institutional filing.
11 Mar 2009substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 12,600,000 shares (17.30% of votes) in a periodic institutional filing.
6 Mar 2009securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
27 Feb 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 16,800,000 shares on the open market.
27 Jan 2009substantial holder notice● Neutral
JASON S. MITCHELL disclosed a new substantial ROYAL MINES & MINERALS CORP shareholding (7.40% of votes).
27 Jan 2009substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 6,331,000 shares (13.30% of votes) in a periodic institutional filing.
21 Jan 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson received a stock option grant for 900,000 shares.
21 Jan 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 1,200,000 shares.
5 Sept 2008capital raising announcement▲ Good
The company sold 200,000 units at $0.50 each for $100,000 in a private placement completed 3 September 2008. Each unit has one share and a half warrant exercisable at $0.75 until 2 September 2010. This is a small raise to a non-US investor, far below the 15,000,000 units planned in 2007.
What it means for a shareholder
200,000 new shares at US$0.500 to raise about US$100,000. 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.
30 July 2008late filing notice▼ Bad
ROYAL MINES & MINERALS CORP notified the SEC that its annual report would be filed late.
21 July 2008director interest notice● Neutral
Logan Anderson became a ROYAL MINES & MINERALS CORP VICE PRESIDENT - FINANCE and company insider (initial ownership filing).
6 Feb 2008director interest notice● Neutral
Jason Steven Mitchell became a ROYAL MINES & MINERALS CORP Treasurer & CFO and company insider (initial ownership filing).
5 Feb 2008director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO, President & Secretary Tao William Charles received a stock option grant for 1,500,000 shares.
17 Oct 2007auditor change● Neutral
The company amended its October 12 report to add the former auditor's letter. Telford Sadovnick resigned on 9 October 2007 because it had withdrawn its registration with the PCAOB, and Sarna & Company was engaged on 6 October. Telford's earlier reports carried a going-concern uncertainty statement, with no disagreements reported.
12 Oct 2007business combination▲ GoodMajor
The Royal Mines acquisition closed on 5 October 2007, with a second merger on 6 October renaming the company Royal Mines And Minerals Corp. It issued 32,183,326 shares to Royal Mines holders (about 69.7% of the company), Epp's 23,500,000 shares were cancelled for $23,500, and the company gained the Piute Valley Lakebed Claims, the leaching technology and a planned (not yet formalised) 51/49 Iron King tailings venture with Iron King Reclamation LLC. This completes the merger announced in September.
5 Oct 2007director interest notice● Neutral
Kenneth Ian Matheson became a ROYAL MINES & MINERALS CORP 10%+ owner and company insider (initial ownership filing).
5 Oct 2007director interest notice● Neutral
Tao William Charles became a ROYAL MINES & MINERALS CORP President/Secretary/Treasurer and company insider (initial ownership filing).
5 Oct 2007director interest notice● Neutral
ROYAL MINES & MINERALS CORP insider Kevin B Epp disposed of 23,500,000 shares via option/appreciation-right settlement.
28 Sept 2007business combination● NeutralMajor
The company confirmed the merger agreement with Royal Mines Inc., a private Nevada exploration company with an interest in 25 mineral claims south of Searchlight, Nevada and a thiourea ore-leaching technology. It also said it plans a second merger to change its name to Royal Mines And Minerals Corp. The board also amended two planned private placements (US and foreign) to 7,500,000 units each, with half a warrant at $1.25 per share; no units had been sold yet and completion is not assured.