18 May 2023agm notice● Neutral
Trilogy Metals Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2023substantial holder notice● Neutral
South32 filed a Schedule 13G/A reporting it owned 18,595,311 Trilogy Metals shares, or 12.01%, after its subsidiary bought 2,181,818 shares under a subscription agreement on April 25, 2023.
2 May 2023director interest notice● Neutral
Trilogy Metals Inc. 10%+ owner South32 LTD bought 2,181,818 shares on the open market at $0.55.
28 Apr 2023director interest notice● Neutral
Trilogy Metals Inc. President and CEO Tony Giardini acquired 181,818 shares at $0.55 under a company stock plan.
26 Apr 2023director interest notice● Neutral
Trilogy Metals Inc. 10%+ owner Electrum Strategic Opportunities Fund L.p. bought 2,181,818 shares on the open market at $0.55.
25 Apr 2023capital raising announcement● NeutralMajor
Trilogy closed the previously announced placement: 5,854,545 shares at US$0.55 for US$3.22 million, for general corporate purposes. Electrum and South32 each put in US$1.2 million, and with Giardini the insiders bought 4,545,454 shares. Shares outstanding are now 154,837,574, with Electrum at 21.0% and South32 at 12.0%.
What it means for a shareholder
5.9m new shares at US$0.550 to raise about US$3.2m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held US$1,000 of shares (1,818 at the issue price), your slice goes from 0.00122% to 0.00117% of the company. To keep it you'd need 71 more shares - about US$39 at the issue price.
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18 Apr 2023capital raising announcement● NeutralMajor
Trilogy announced plans for a non-brokered private placement of about 5,854,545 shares at US$0.55, raising about US$3.22 million for general corporate purposes. Its two largest shareholders, Electrum (US$1.2M) and South32 (US$1.2M, the Ambler Metals joint venture partner), plan to take part along with CEO Tony Giardini. The shares would be about 3.9% of those outstanding, and it still needs TSX and NYSE American approval.
What it means for a shareholder
5.9m new shares at US$0.550 to raise about US$3.2m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held US$1,000 of shares (1,818 at the issue price), your slice goes from 0.00122% to 0.00117% of the company. To keep it you'd need 71 more shares - about US$39 at the issue price.
Create a free account to see this worked out for your own holding.
5 Apr 2023quarterly activities report▼ Bad
Trilogy Metals' 10-Q for the quarter ended February 28, 2023 showed a net loss of $5.1 million, up slightly from $5.0 million a year earlier. Cash fell to $1.7 million from $2.6 million at November 30, 2022.
5 Apr 2023quarterly activities report▼ Bad
Trilogy Metals reported a net loss of $5.1 million for the first quarter ended February 28, 2023, compared with $5.0 million a year earlier. Higher stock-based compensation and professional fees were partly offset by a smaller share of losses from Ambler Metals.
30 Mar 2023agm notice● Neutral
Trilogy Metals Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
30 Mar 2023agm notice● Neutral
Trilogy Metals filed its proxy circular for the annual shareholder meeting to be held May 17, 2023. Shareholders were to set the number of directors, elect them, appoint auditors and hold a non-binding advisory vote on executive pay.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Diana J Walters received a stock option grant for 22,334 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Kalidas V Madhavpeddi received a stock option grant for 24,524 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Hayden William Beckwith received a stock option grant for 20,144 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Gowans James received a stock option grant for 28,903 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. President and CEO Giardini Tony received 166,666 shares as part of the equity award.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Stairs Janice received a stock option grant for 22,772 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received a stock option grant for 22,334 shares.
3 Mar 2023director interest notice● Neutral
Trilogy Metals Inc. director Hensley William L. Iggiagruk received a stock option grant for 21,458 shares.
14 Feb 2023quarterly activities report▼ Bad
Trilogy Metals reported a net loss of $24.3 million ($0.17 per share) for the fiscal year ended November 30, 2022, versus $21.7 million the year before. It had $2.6 million in cash, and Ambler Metals held $80.8 million.
9 Feb 2023substantial holder notice● Neutral
The Baupost Group, L.L.C, Baupost Group GP, L.L.C, Seth A. Klarman reported a Trilogy Metals Inc. shareholding of 5,741,752 shares (3.93% of votes) in a periodic institutional filing.
11 Jan 2023director interest notice● Neutral
Trilogy Metals Inc. President and CEO Giardini Tony exercised stock options for 1,025,866 shares and disposed of 1,025,866 shares.
11 Jan 2023director interest notice● Neutral
Trilogy Metals Inc. VP and CFO Sanders Elaine exercised stock options for 463,787 shares and disposed of 463,787 shares.
9 Jan 2023substantial holder notice● Neutral
The Baupost Group, L.L.C, Baupost Group GP, L.L.C, Seth A. Klarman reported a Trilogy Metals Inc. shareholding of 7,990,481 shares (5.46% of votes) in a periodic institutional filing.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. VP and CFO Sanders Elaine received a stock option grant for 1,266,255 shares.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. director Gowans James received a stock option grant for 380,000 shares.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. director Stairs Janice received a stock option grant for 150,000 shares.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. director Diana J Walters received a stock option grant for 150,000 shares.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. director Hayden William Beckwith received a stock option grant for 150,000 shares.
12 Dec 2022director interest notice● Neutral
Trilogy Metals Inc. director Lang Gregory A. received a stock option grant for 150,000 shares.