Each one in plain English, with the numbers worked through for a shareholder.
30 July 2019capital raising announcement● Neutral
Closed at C$6,900,340 after the underwriter took the full over-allotment: 5,411,900 shares at C$0.85 and 2,323,460 flow-through shares at C$0.99, with a 7.0% cash commission plus broker warrants.
What it means for a shareholder
5.4m new shares at C$0.850 to raise about C$6.9m. That's 7.9% dilution: every existing holder's slice gets 7.9% smaller. If you held C$1,000 of shares (1,176 at the issue price), your slice goes from 0.00186% to 0.00171% of the company. To keep it you'd need 101 more shares - about C$86 at the issue price.
25 July 2019capital raising announcement● NeutralMajor
Canadian-only bought deal of about C$6.0 million through Cantor Fitzgerald Canada: 4,706,000 shares at C$0.85 and 2,020,400 flow-through shares at C$0.99. The flow-through premium buys the tax treatment and ties that portion of the money to Canadian exploration - meaning Bralorne.
What it means for a shareholder
4.7m new shares at C$0.850 to raise about C$6.0m. That's 6.9% dilution: every existing holder's slice gets 6.9% smaller. If you held C$1,000 of shares (1,176 at the issue price), your slice goes from 0.00186% to 0.00173% of the company. To keep it you'd need 87 more shares - about C$74 at the issue price.
Priced at US$0.65 a share: 6,239,867 shares each with a full five-year warrant at US$0.80, raising about US$4 million. That is 41% of the US$1.57 unit price of the 2016 bought deal and 27% of the February 2014 placement price, and this time each share carries a whole warrant rather than a half.
What it means for a shareholder
6.2m new shares at about US$0.641 to raise about US$4.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held US$1,000 of shares (1,560 at the issue price), your slice goes from 0.00296% to 0.00265% of the company. To keep it you'd need 185 more shares - about US$119 at the issue price.
Launched a public offering of shares and warrants through H.C. Wainwright off an existing shelf, mainly for the Avino mine and to a lesser extent Bralorne. Neither size nor price is stated at this point.
22 Nov 2016capital raising announcement● NeutralMajor
Bought-deal raise of about US$10 million: 6,370,000 units at US$1.57, each a share plus half a warrant, underwritten by Cantor Fitzgerald Canada with Rodman & Renshaw. The price is well below the US$2.42 unit price of the February 2014 placement, so more shares are needed for less money.
What it means for a shareholder
6.4m new shares at US$1.57 to raise about US$10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
A smaller at-the-market facility, up to US$6 million through Cantor Fitzgerald, for Bralorne exploration, work at the Avino property and working capital - well down on the US$25 million programme filed the previous July when the Bralorne deal was being financed.
7 July 2014capital raising announcement● NeutralMajor
Replaced the exhausted facility with a much larger one: up to US$25 million of shares saleable through Cantor Fitzgerald on the NYSE MKT, with the stated uses now including acquiring and developing the Bralorne mine. The financing is being put in place for a deal not yet completed.
27 Feb 2014capital raising announcement● NeutralMajor
Raised a further US$5.0 million a week later through Noble Financial, placing 2,066,117 units at US$2.42 with institutions - each unit a share plus half a warrant exercisable at US$2.87 to February 2017. Two raises inside a fortnight, the second at a higher price than the market sales that preceded it.
What it means for a shareholder
2.1m new shares at US$2.42 to raise about US$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Filed a prospectus supplement allowing up to US$5.75 million of shares to be sold into the market through Cantor Fitzgerald, for developing the Avino mine and working capital. Nothing is raised on filing; it is standing permission to sell stock as needed.
12 Nov 2010capital raising announcement▲ GoodMajor
Closed a C$3.0 million non-brokered private placement, 2,400,000 units at C$1.25 each carrying a three-year warrant at C$1.52, with Sprott Asset Management taking part. No commission was paid. It funds the San Gonzalo bulk sample and development.
What it means for a shareholder
2.4m new shares at C$1.25 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.
