Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2008capital raising announcement▼ Bad
The company reports two more private placements to one non-US investor each: 280,000 units at $0.25 on November 12, 2008 for $70,000 (warrants at $0.45 to November 12, 2011), and 466,667 units at $0.15 on December 3, 2008 for about $70,000 (warrants at $0.30 to December 3, 2011). Each unit is one share plus one warrant. This continues the series of small placements, at prices well below the $0.50 to $0.70 charged earlier in 2008, so new shares are issued at lower prices and more warrants are outstanding.
What it means for a shareholder
280,000 new shares at $0.250 to raise about $70,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The company raised $100,000 on September 29, 2008 by selling 200,000 units at $0.50 to one non-US investor, each with one share and one warrant at $0.75 expiring September 29, 2011. The filing also shows a new address in The Woodlands, Texas. The price per unit is lower than the $0.70 charged in July and August.
What it means for a shareholder
200,000 new shares at $0.500 to raise about $100,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The company raised $80,500 on August 12, 2008 by selling 115,000 units at $0.70 to one non-US investor, each with one share and one warrant at $1.00 expiring August 12, 2011. Another small placement in the ongoing series.
What it means for a shareholder
115,000 new shares at $0.700 to raise about $80,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Now named Bald Eagle Energy Inc., the company raised $301,000 on July 31, 2008 by selling 430,000 units at $0.70 to one non-US investor. Each unit has one share and one warrant at $1.00 expiring July 31, 2011. The filing shows the new name but does not itself describe the name change.
What it means for a shareholder
430,000 new shares at $0.700 to raise about $301,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The company raised $150,000 on June 4, 2008 by selling 300,000 units at $0.50 to one non-US investor, each unit with one share and one warrant at $0.70 expiring June 3, 2011. The filing also shows a new principal office in Dallas, Texas, replacing the Blaine, Washington address.
What it means for a shareholder
300,000 new shares at $0.500 to raise about $150,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The company raised $250,000 on May 22, 2008 by selling 500,000 units at $0.50 to one non-US investor. Each unit has one share and one warrant to buy another share at $0.70 until May 21, 2011. This continues the series of small private placements; the unit price is lower than the $1.00 charged in April.
What it means for a shareholder
500,000 new shares at $0.500 to raise about $250,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The company sold 150,000 units at $1.00 each to one non-US investor for $150,000 on April 15, 2008. Each unit has one share and one warrant to buy another share at $1.40 until April 14, 2011. This is new money coming in after the March change of control, and it means new shares and potential future dilution if the warrants are used.
What it means for a shareholder
150,000 new shares at $1.00 to raise about $150,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
