4 Sept 2014director interest notice● Neutral
Trilogy Metals Inc. director Nauman Clynton R. received a stock option grant for 4,189 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Aug 2014substantial holder notice● Neutral
Paulson & Co. Inc reported a Trilogy Metals Inc. shareholding of 11,511,649 shares (18.30% of votes) in a periodic institutional filing.
14 July 2014securities registration● Neutral
Trilogy Metals Inc. filed notice of an exempt private placement.
10 July 2014quarterly activities report▼ Bad
Announced second quarter results: a net loss of $2.1 million for the three months ended May 31, 2014, down from $5.9 million a year earlier, and $4.7 million for six months.
9 July 2014director interest notice● Neutral
Trilogy Metals Inc. 10%+ owner Paulson & CO INC bought 5,521,740 shares on the open market.
9 July 2014director interest notice● Neutral
Trilogy Metals Inc. 10%+ owner Electrum Strategic Resources L.p. bought 5,521,740 shares on the open market.
9 July 2014quarterly activities report▼ Bad
Reported a net loss of $2.1 million for the three months ended May 31, 2014, and $4.7 million for the six months, with cash of $2.1 million and going-concern doubt noted.
9 July 2014substantial holder notice● Neutral
Electrum Strategic Resources L.P, The Electrum Group LLC, Electrum Global Holdings L.P, TEG Global GP Ltd, Leopard Holdings LLC, GRAT Holdings LLC reported a Trilogy Metals Inc. shareholding of 19,616,652 shares (31.14% of votes) in a periodic institutional filing.
8 July 2014capital raising announcement● NeutralMajor
Then called NovaCopper, the company closed a US$7.5 million private placement on July 7, 2014: 6,521,740 units at US$1.15 each, sold to three existing shareholders. Each unit has one share and one warrant to buy another share at US$1.60 for five years, so existing holders face possible dilution if the warrants are exercised. The filing does not state what the money is for.
What it means for a shareholder
6.5m new shares at US$1.15 to raise about US$7.5m. That's 9.8% dilution: every existing holder's slice gets 9.8% smaller. If you held US$1,000 of shares (870 at the issue price), your slice goes from 0.00144% to 0.0013% of the company. To keep it you'd need 94 more shares - about US$108 at the issue price.
Create a free account to see this worked out for your own holding.
5 June 2014director interest notice● Neutral
Terry Krepiakevich became a Trilogy Metals Inc. company insider (initial ownership filing).
9 Apr 2014quarterly activities report▼ Bad
Announced first-quarter results for the period ended February 28, 2014: a net loss of $2.6 million ($0.05 per share) versus $6.6 million a year earlier, with $4.4 million in cash. The company said it cancelled its planned roughly $20 million offering on March 7, 2014.
8 Apr 2014quarterly activities report▼ Bad
Reported a net loss of $2.6 million ($0.05 per share) for the quarter ended February 28, 2014, down from $6.6 million a year earlier. Cash stood at $4.4 million, and the filing flagged substantial doubt about continuing without new financing.
3 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Thomas Scott Kaplan received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Levental Igor received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Krepiakevich Terry received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Kalidas V Madhavpeddi received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Mcconnell Gerald James received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Nauman Clynton R. received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Stairs Janice received a stock option grant for 2,274 shares.
2 Apr 2014director interest notice● Neutral
Trilogy Metals Inc. director Giardini Tony received a stock option grant for 2,274 shares.
1 Apr 2014resource reserve update● Neutral
Furnished to the SEC a technical report on the Bornite Deposit, prepared under NI 43-101 by independent qualified persons, to satisfy Regulation FD disclosure obligations.
20 Feb 2014director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received 14,166 shares as part of the equity award.
20 Feb 2014securities registration● Neutral
Trilogy Metals Inc. filed the final prospectus for a registered offering.
19 Feb 2014securities registration● Neutral
Trilogy Metals Inc. filed a free-writing prospectus - marketing material for an offering in progress.
19 Feb 2014drilling result▲ GoodMajor
NovaCopper filed an 8-K furnishing a December 18, 2013 press release on 2013 assay results from its re-sampling and re-assaying program at the Bornite Project, titled as confirming and extending previously known mineralization.
19 Feb 2014securities registration● Neutral
Trilogy Metals Inc. filed a free-writing prospectus - marketing material for an offering in progress.
14 Feb 2014substantial holder notice● Neutral
Paulson & Co. Inc reported a Trilogy Metals Inc. shareholding of 5,912,709 shares (11.14% of votes) in a periodic institutional filing.
30 Jan 2014other material event● Neutral
Reported annual/Q4 financial results, disclosed director Walter Segsworth's resignation (no disagreement involved), and adopted a routine advance-notice bylaw policy for shareholder director nominations.