Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Nov 2013capital raising announcement● NeutralMajor
Effective November 15, 2013, Aton agreed to lend a further $1,705,000, bringing the note (the amended and restated one dated February 6, 2013) to $11,811,025. Aton also converted $466,815.29 of accrued interest into 4,668,152 new shares at a deemed $0.10 each, and the maturity moved from March 31, 2014 to December 31, 2015. This continues the pattern of Aton extending the debt, and the share issue dilutes other holders.
31 Dec 2012capital raising announcement● Neutral
On December 26, 2012 the company sold another 1,000,000 shares at $0.10 each, raising $100,000, again to one U.S. person who is a director and officer. This follows the 2,000,000-share sale at the same price on December 14 (the filing does not say it is the same buyer). The use of proceeds is not stated, and the shares dilute existing holders.
What it means for a shareholder
1.0m new shares at US$0.100 to raise about US$100,000. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0215% to 0.021% of the company. To keep it you'd need 215 more shares - about US$22 at the issue price.
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14 Dec 2012capital raising announcement● Neutral
On December 14, 2012 the company sold 2,000,000 shares at $0.10 each, raising $200,000, to one U.S. person who is a director and officer. The filing does not name the buyer or say what the money is for. It adds shares and dilutes existing holders.
27 Oct 2010capital raising announcement▼ Bad
An employee exercised 75,000 options at $0.25 on October 22, 2010, raising $18,750. On October 26, 2010 the company also issued 3,512,199 shares to Aton Select Funds Limited; the filing gives no price or reason. (Inference: this may relate to the share-based interest owed under the Aton loan terms, but the filing does not say.) It adds shares and dilutes existing holders.
14 Oct 2010capital raising announcement● Neutral
On October 8, 2010 the company granted 1,725,000 stock options at $0.25 per share, expiring October 8, 2015: 650,000 to CEO Pierre Mulacek, 550,000 to CFO Reginald Denny, 300,000 to director Erich Hofer, and 225,000 to two non-insider employees. It is the second yearly grant of options, which could dilute shareholders if exercised.
3 Dec 2009capital raising announcement● Neutral
On December 2, 2009 CEO Pierre Mulacek exercised options for 300,000 shares and CFO Reginald Denny exercised options for 150,000 shares, both at $0.10 per share, raising $30,000 and $15,000. The company issued the new shares to them, adding a small amount of cash and shares.
What it means for a shareholder
150,000 new shares at US$0.100 to raise about US$15,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 Oct 2009capital raising announcement● Neutral
On October 14, 2009 the company granted 1,500,000 stock options at $0.20 per share, expiring October 14, 2014, to five people. Of these, 600,000 went to CEO Pierre Mulacek, 350,000 to CFO Reginald Denny, 300,000 to director Erich Hofer, and 250,000 to two non-insider employees. It brings in no money now and could dilute shareholders if exercised.
13 Dec 2007capital raising announcement● NeutralMajor
The company closed a private placement of 4,966,500 shares at US$0.80 for $3,973,200, with shares issued on August 21 and October 31, 2007. Finders received $187,152 in cash and 292,425 two-year warrants at $1.60. This brings in new money but adds shares, and it continues the funding of the Arkansas program.
What it means for a shareholder
5.0m new shares at US$0.800 to raise about US$4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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