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AURORA GOLD CORP

US:ARXG
No current share price held for this company.

Past year: ▼ 90%(0.00c – 0.10c USD)

Market cap
—
Shares on issue
—
Story beats
14 since 2006
Last event
11 Oct 2012

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

21 Dec 2011capital raising announcement● NeutralMajor

In December 2011 Aurora settled $218,754.42 of debts owed to Ross Doyle, Global Strategic Synergies Pty Ltd, Coresco AG and Agustin Gomez de Segura by issuing 10,937,721 shares at $0.02. It also sold 8,000,000 units at $0.04 for $320,000 gross to six non-US investors, each unit being one share plus a warrant to buy another share at $0.08 until June 20, 2013, with a commission of up to $25,600. Both steps issue new shares and dilute existing holders. The debt was owed to parties linked to management or the board (inference for Doyle and Global Strategic Synergies; Gomez de Segura is the Chairman per the April 2012 filing).

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5 July 2007capital raising announcement● NeutralMajor

Aurora Gold announced a private placement of 4,000,000 shares at US$0.25 per share, which works out to US$1,000,000 (our arithmetic), half of the US$2,000,000 it had said in April it expected to raise. Proceeds are to complete drilling at Molly and Sao Domingos, finish the first stage of drilling at Sao Joao and for general working capital. New shares dilute existing holders. The release is now signed by Lars Pearl as President, CEO and Director, replacing Klaus Eckhof in that role; the filing gives no explanation.

What it means for a shareholder

4.0m new shares at US$0.250 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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