Past year: ▲ 78%(0.06c – 0.26c USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Mar 2014capital raising announcement● Neutral
On March 27, 2014 the company issued 195,421 shares at a deemed $0.09 per share to one non-US person as payment of interest in kind. The filing does not name the lender; it is an inference that this relates to the convertible letter of credit from February 2013. It adds a small amount of dilution.
25 Mar 2014capital raising announcement● Neutral
As of March 18, 2014, Well Bright had paid $100,000 for 1,000,000 of the 2,000,000 units agreed in January, and the company issued 1,000,000 shares to it. The second $100,000 for the remaining units is not reported as received.
19 Feb 2013capital raising announcement● NeutralMajor
In early 2013 the company signed several agreements: Dykes Geologic Systems to manage staking of claims in the Browne Lake and Greenstone areas of Montana ($27,500 for Browne Lake, $15,000 more if it proceeds with Greenstone, plus 100,000 shares); a letter of credit from a non-US person to lend up to $1,000,000 over one year, convertible at $0.30 per share with 5% annual interest; a 12-month investor relations deal with Circadian Group at $6,000 a month; and a 3-month consulting deal with Gultig Holdings for 150,000 shares. On February 19, 2013 it issued 100,000 shares to Dykes Geologic and 150,000 to Gultig. If the loan is fully converted, the company will issue Themis Partners a three-year warrant for 2,000,000 shares at $0.80, so shareholders face possible dilution.
