Past year: ▲ 0%(1.20c – 1.20c USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Jan 2011capital raising announcement● Neutral
On December 30, 2010 the company granted 3,212,763 fully vested options at $0.40 per share, expiring December 30, 2015, to four people: its President and sole director (1,070,921), its VP of Operations (803,191), an indirect consultant (1,070,921) and a person with historical affiliations to them (267,730). These could dilute shareholders if exercised.
15 Jan 2010capital raising announcement▲ Good
On January 14, 2010 the company closed a private placement, issuing 1,060,000 restricted shares at $0.75 each to one non-U.S. investor for gross proceeds of $795,000.
14 Jan 2010capital raising announcement● NeutralMajor
The company, now based in Billings, Montana, signed a consulting agreement with Synergy Resources LLC (effective December 21, 2009) to help identify and acquire oil and gas assets. It issued 10,000,000 restricted shares on January 13, 2010, with 4,500,000 held in escrow and released on performance milestones, which dilutes existing shareholders.
