Each one in plain English, with the numbers worked through for a shareholder.
13 Apr 2022capital raising announcement▼ BadMajor
Non-brokered placement of 7,473,495 shares at C$1.75 for C$13.1m to fund the continuing ramp-up. The price is half the C$3.50 raised ten months earlier, and this is the last money Alexco raised before agreeing to be bought.
What it means for a shareholder
7.5m new shares at C$1.75 to raise about C$13.1m. That's 4.7% dilution: every existing holder's slice gets 4.7% smaller. If you held C$1,000 of shares (571 at the issue price), your slice goes from 0.000377% to 0.000359% of the company. To keep it you'd need 28 more shares - about C$49 at the issue price.
10 June 2021capital raising announcement▲ GoodMajor
Closed at C$28.75m with the over-allotment in full: 8,214,450 shares at C$3.50, the highest price Alexco raised at in the cached record.
What it means for a shareholder
8.2m new shares at C$3.50 to raise about C$28.8m. That's 5.6% dilution: every existing holder's slice gets 5.6% smaller. If you held C$1,000 of shares (286 at the issue price), your slice goes from 0.000208% to 0.000196% of the company. To keep it you'd need 17 more shares - about C$60 at the issue price.
7 July 2020capital raising announcement▲ GoodMajor
Closed at C$30.0m with the over-allotment in full: 10,994,000 shares at C$2.73, the largest raise in the cached record and the money that funded the mine restart.
What it means for a shareholder
11.0m new shares at C$2.73 to raise about C$30.0m. That's 8.4% dilution: every existing holder's slice gets 8.4% smaller. If you held C$1,000 of shares (366 at the issue price), your slice goes from 0.000305% to 0.00028% of the company. To keep it you'd need 34 more shares - about C$93 at the issue price.
Closed at C$8.6m with the over-allotment taken in full: 4,662,675 shares at C$1.85.
What it means for a shareholder
4.7m new shares at C$1.85 to raise about C$8.6m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held C$1,000 of shares (541 at the issue price), your slice goes from 0.00045% to 0.000434% of the company. To keep it you'd need 21 more shares - about C$39 at the issue price.
Priced the overnight offering at 4,054,500 shares at C$1.85 for C$7.5m.
What it means for a shareholder
4.1m new shares at C$1.85 to raise about C$7.5m. That's 3.3% dilution: every existing holder's slice gets 3.3% smaller. If you held C$1,000 of shares (541 at the issue price), your slice goes from 0.00045% to 0.000436% of the company. To keep it you'd need 18 more shares - about C$33 at the issue price.
6.5m new shares at US$1.00 to raise about US$6.5m. That's 5.7% dilution: every existing holder's slice gets 5.7% smaller. If you held US$1,000 of shares (1,000 at the issue price), your slice goes from 0.000926% to 0.000873% of the company. To keep it you'd need 60 more shares - about US$60 at the issue price.
Closed at C$9.0m: 4,703,000 flow-through shares at a blended C$1.92, split between ordinary Canadian exploration expense shares at C$2.05 and mining-expense shares.
Closed the upsized flow-through deal: 4,205,820 shares at C$2.15 for C$9.0m - four times the C$0.53 of November 2015, on the strength of the Bermingham resource.
What it means for a shareholder
4.2m new shares at C$2.15 to raise about C$9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Non-brokered placement of up to 8.34 million units at C$1.20 for up to C$10.0m, each unit a share plus half a warrant at C$1.75 for two years - more than double the C$0.53 raised five months earlier.
What it means for a shareholder
8.3m new shares at C$1.20 to raise about C$10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Closed the flow-through offering with the over-allotment taken in full: 5,662,500 shares at C$0.53 for C$3.0m, C$4.0m including the concurrent non-brokered placement.
What it means for a shareholder
5.7m new shares at C$0.530 to raise about C$3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Bought deal of 3,775,000 flow-through shares at C$0.53 for C$2.0m, plus a concurrent non-brokered piece of up to C$960,000, all to fund exploration at Keno Hill. At 53 cents this is the low point of Alexco's share price in the cached record.
