Sigma Lithium Corp (TSXV:SGML): announcements explained, share price

Announcements, explained

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

23 Dec 2021capital raising announcement▲ GoodMajor

Closed the twice-upsized C$136.7 million placement, issuing 11,634,137 shares at C$11.75. The company said the proceeds fully fund construction of the Phase 1 plant and mine and advance Phases 2 and 3, with BlackRock investing C$64.2 million.

What it means for a shareholder

11.6m new shares at C$11.75 to raise about C$137m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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17 Dec 2021capital raising announcement▲ GoodMajor

BlackRock put in a further C$64.2 million, taking the placement to C$136.7 million and 11,634,137 shares - the second upsizing in a week, and the arrival of a large institutional holder.

What it means for a shareholder

11.6m new shares at about C$11.75 to raise about C$137m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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13 Dec 2021capital raising announcement▲ GoodMajor

Raised the placement by 42% to C$85 million and 7,234,042 shares at the same C$11.75 price, citing investor demand.

What it means for a shareholder

7.2m new shares at about C$11.75 to raise about C$85.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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10 Dec 2021capital raising announcement▲ GoodMajor

Announced a non-brokered placement of about 5,106,383 shares at C$11.75 to raise roughly C$60 million, aimed at ESG-focused institutions.

What it means for a shareholder

5.1m new shares at C$11.75 to raise about C$60.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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