13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Lindsay Edward Gorrill bought 6,868,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Kelly Stopher bought 381,667 shares on the open market.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Ron Nilson acquired 650,000 shares and disposed of 300,000 in a set of related equity transactions.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director David Segelov bought 600,000 shares on the open market.
11 Oct 2016director interest notice● Neutral
David Segelov became a Star Gold Corp. CEO and company insider (initial ownership filing).
12 Sept 2016quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $160 thousand for the period ended 2016-07-31.
29 July 2016late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
16 Mar 2016quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $80 thousand for the period ended 2016-01-31.
15 Dec 2015quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $121 thousand for the period ended 2015-10-31.
14 Oct 2015capital raising announcement● Neutral
Raised $421,400 at roughly $0.10/share; unusually, the warrants can be called early once the company obtains a Bureau of Land Management Record of Decision approving Longstreet's Environmental Impact Statement, tying this financing to the permitting process.
29 July 2015late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
18 Dec 2014farm in farm out agreement▼ Bad
Renegotiated the Longstreet option with MinQuest, pushing $650,000 of exploration spending due by January 2016 into later years in exchange for granting MinQuest more stock options — relief suggesting Star Gold was struggling to fund the schedule as originally written.
9 Sept 2014capital raising announcement● Neutral
Corrects the August 28, 2014 report of the placement that closed August 27: the company issued 1,614,400 shares and 1,614,400 warrants (exercisable at $0.23 for 60 months) to 9 investors, raising $371,312. Only the share and warrant counts were fixed; the $371,312 and the terms match the earlier report.
What it means for a shareholder
1.6m new shares at about US$0.230 to raise about US$371,312. That's 4.4% dilution: every existing holder's slice gets 4.4% smaller. If you held US$1,000 of shares (4,348 at the issue price), your slice goes from 0.0124% to 0.0119% of the company. To keep it you'd need 201 more shares - about US$46 at the issue price.
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28 Aug 2014capital raising announcement● Neutral
Raised $371,312 from 9 investors, with warrants struck at $0.23 — well below the $0.50 warrants sold the year before, reflecting a weaker share price.
9 Oct 2013capital raising announcement▲ Good
Raised $1.1 million — its largest placement to date — selling 4.4 million shares and warrants to 14 investors.
What it means for a shareholder
4.4m new shares at about US$0.250 to raise about US$1.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0131% to 0.0114% of the company. To keep it you'd need 575 more shares - about US$144 at the issue price.
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9 Oct 2013securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
30 July 2013late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
12 June 2013substantial holder notice● Neutral
Arena Offshore Investment Fund, Ltd disclosed a new substantial Star Gold Corp. shareholding (5.63% of votes).
23 May 2013capital raising announcement▲ Good
Investors exercised warrants from the February 2012 offering for $622,896, bringing shares outstanding to about 30.6 million.
25 Feb 2013capital raising announcement● Neutral
Extended the expiry of warrants from the February 2012 debenture financing by about two and a half months, to April 30, 2013.
28 Jan 2013securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
22 Jan 2013capital raising announcement▲ Good
Closed a $358,000 private placement of stock and warrants at $0.40/share, including an institutional investor, to fund working capital and the 2013 Longstreet drilling program.
31 July 2012late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
19 June 2012capital raising announcement▲ Good
Raised a further $250,000 through a second debenture tranche (5% notes, convertible this time at $0.30/share) to fund the company's summer 2012 drilling program.
7 May 2012securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
2 May 2012capital raising announcement● Neutral
The $900,000 raised via February's convertible debentures converted into 9 million common shares, retiring that debt in exchange for dilution.
16 Mar 2012quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $281 thousand for the period ended 2012-01-31.
27 Feb 2012director interest notice● Neutral
David Segelov became a Star Gold Corp. director and company insider (initial ownership filing).
27 Feb 2012director interest notice● Neutral
Kelly Stopher became a Star Gold Corp. CFO and company insider (initial ownership filing).
21 Feb 2012capital raising announcement▲ GoodMajor
Launched a $1.5 million convertible debenture program (5% notes converting at $0.10/share, plus warrants) to fund exploration, with $900,000 already placed by mid-February 2012.