Past year: ▲ 300%(3.75c – 17.6c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2026capital raising announcement▲ GoodMajor
Raised $3.68 million — by far its largest financing — combining new capital with debt conversion at $0.04/unit; insiders, including the CFO and all three board members, took part, a strong show of confidence as the company pushes Longstreet toward permitting.
19 Oct 2017capital raising announcement▲ Good
Closed its largest raise yet, $1,079,885 from 34 investors, at an effective $0.05/share.
14 Oct 2016capital raising announcement▼ Bad
Raised $700,000 at $0.05/share — half the price of the prior year's round — as the stock continued to slide.
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.
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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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.
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.
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.
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.
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.
22 Nov 2010capital raising announcement▲ Good
Raised $120,000 in a private placement (240,000 units at $0.50) earmarked for further work at Longstreet and Excalibur.
What it means for a shareholder
240,000 new shares at US$0.500 to raise about US$120,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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