Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Aug 2006capital raising announcement● Neutral
True North raised another $650,000 from a single investor and separately extended (to December 31, 2006) the deadline to close its purchase of four Alaska leases first announced in May, since the state still had not issued them.
11 May 2006capital raising announcement▲ GoodMajor
Now renamed True North Energy, the company sold 1,250,000 units at $0.80 each to one investor for $1 million. Each unit was one share plus a warrant to buy another share at $1.60 for three years.
What it means for a shareholder
1.3m new shares at US$0.800 to raise about US$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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