3 June 2015director interest notice● Neutral
Trilogy Metals Inc. director Nauman Clynton R. received a stock option grant for 4,691 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 June 2015director interest notice● Neutral
Trilogy Metals Inc. director Mcconnell Gerald James received a stock option grant for 4,691 shares.
3 June 2015director interest notice● Neutral
Trilogy Metals Inc. director Stairs Janice received a stock option grant for 4,691 shares.
21 May 2015agm notice● Neutral
Shareholders at the May 20, 2015 annual meeting elected all nine directors, ratified PricewaterhouseCoopers as auditors and approved unallocated awards under the 2012 Equity Incentive Plan. The company also announced a June 15 special meeting to vote on the Sunward acquisition.
14 May 2015business combination● NeutralMajor
The final version of the Sunward proxy replaces the blanks in the earlier draft: both shareholder meetings are set for June 15, 2015, a court hearing for about June 17, and completion expected in June 2015. The terms are unchanged at 0.3 NovaCopper share per Sunward share. This continues the Sunward acquisition, which was later reversed when the asset was sold (per prior context).
1 May 2015business combination● NeutralMajor
NovaCopper filed a preliminary proxy for its planned all-share purchase of Sunward Resources Ltd.: each Sunward share would get 0.3 of a NovaCopper share, with the deal valued at about US$20.1 million for fee purposes. It needs votes of both companies' shareholders, court approval and regulatory approvals, and completion is pencilled in for June/July 2015. Directors Gregory Lang and Igor Levental sit on both boards and abstained, and Thomas Kaplan also abstained, citing his relationship with Electrum (text cut off).
27 Apr 2015agm notice● Neutral
NovaCopper agreed to acquire Sunward Resources Ltd. in an all-share deal at 0.3 NovaCopper share per Sunward share, valued at about US$27.6 million. Sunward holders would own about 42% of the combined company, subject to shareholder, court and exchange approvals.
27 Apr 2015business combination▲ GoodMajor
Detailed the ~$27.6 million all-stock Sunward acquisition: Sunward shareholders get 0.30 NovaCopper shares each (owning ~42% of the combined company), with NovaCopper CEO Rick Van Nieuwenhuyse continuing to lead. A related-party wrinkle was disclosed: major shareholder Electrum Strategic Resources (27.8% of NovaCopper) also holds an 18.2% stake in Sunward through an affiliated fund, and an interested NovaCopper director abstained from the board vote.
23 Apr 2015business combination▲ GoodMajor
NovaCopper agreed to acquire Sunward Resources Ltd., owner of the Titiribi project in Colombia, by plan of arrangement, with Sunward shareholders receiving 0.3 NovaCopper share each (about US$27.6 million). The combined company would keep focus on advancing the Arctic and Bornite deposits in Alaska.
23 Apr 2015substantial holder notice● Neutral
An Electrum group Schedule 13D amendment reported that GRAT Holdings beneficially owned 19,616,652 NovaCopper shares (30.94%), while the other Electrum entities reported 18,783,319 (29.63%). It was filed after NovaCopper agreed on April 22, 2015 to acquire Sunward Resources.
9 Apr 2015quarterly activities report▼ Bad
NovaCopper's quarterly report showed a net loss of $1.5 million for the three months ended February 28, 2015, versus $2.6 million a year earlier. Cash stood at $4.0 million and the filing noted substantial doubt about its ability to continue as a going concern.
9 Apr 2015quarterly activities report▼ Bad
NovaCopper reported a net loss of $1.5 million ($0.03 per share) for the quarter ended February 28, 2015, down from $2.6 million a year earlier. Cash was about $4.0 million at quarter end.
27 Mar 2015agm notice● Neutral
NovaCopper gave notice of its annual and special shareholder meeting to be held May 20, 2015 in Vancouver. Shareholders were to vote on electing directors, appointing auditors and ratifying unallocated awards under the 2012 Equity Incentive Plan.
4 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Thomas Scott Kaplan received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Levental Igor received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Lang Gregory A. became a Trilogy Metals Inc. director and company insider (initial ownership filing).
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Nauman Clynton R. received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Kalidas V Madhavpeddi received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Giardini Tony received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Stairs Janice received a stock option grant for 4,652 shares.
2 Mar 2015director interest notice● Neutral
Trilogy Metals Inc. director Mcconnell Gerald James received a stock option grant for 4,652 shares.
17 Feb 2015substantial holder notice● Neutral
Paulson & Co. Inc reported a Trilogy Metals Inc. shareholding of 11,488,249 shares (18.12% of votes) in a periodic institutional filing.
13 Feb 2015substantial holder notice● Neutral
The Baupost Group, L.L.C, SAK Corporation, Seth A. Klarman reported a Trilogy Metals Inc. shareholding of 6,005,298 shares (9.90% of votes) in a periodic institutional filing.
6 Feb 2015quarterly activities report▼ Bad
NovaCopper reported a net loss of $9.6 million for the year ended November 30, 2014, down from $24.4 million in 2013. It also said it completed a 37-hole re-logging program at Bornite and plans to advance the Arctic deposit toward feasibility.
9 Dec 2014director interest notice● Neutral
Trilogy Metals Inc. director Thomas Scott Kaplan received a stock option grant for 75,000 shares.
8 Dec 2014director interest notice● Neutral
Trilogy Metals Inc. director Giardini Tony received a stock option grant for 75,000 shares.
8 Dec 2014director interest notice● Neutral
Trilogy Metals Inc. director Levental Igor received a stock option grant for 75,000 shares.
8 Dec 2014director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received a stock option grant for 75,000 shares.
8 Dec 2014director interest notice● Neutral
Trilogy Metals Inc. director Nauman Clynton R. received a stock option grant for 75,000 shares.