BINGO NATION INC: announcements explained, share price

Announcements, explained

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

8 Mar 2017capital raising announcement● NeutralMajor

On February 18, 2017, Ramsay Capital Corp. sold its convertible loan to the company to five buyers, who settled at $0.02 per share instead of the original $0.001 and converted. This wiped out $469,370 of debt and created 23,468,500 new shares, which dilutes existing shareholders. The filing is under the name Bingo Nation Inc. at a Las Vegas address; it does not say how this relates to the earlier Lexington Ridge debt or the Bingo Nation Technologies agreement.

Discuss in chat

29 Aug 2012capital raising announcement● Neutral

Viking issued 19,950,000 shares at $0.001 per share to three non-US investors to settle $19,950 of a $25,000 note originally held by Byron Hampton (dated January 10, 2011) after he assigned parts of it to them. Shares outstanding are stated as 151,058,000, so existing holders are diluted.

Discuss in chat

24 Aug 2012capital raising announcement● NeutralMajor

Effective July 10, 2012, Viking agreed with private company GMM Global Multi-Mining to take over GMM's 60% stake in a planned Peruvian entity that would hold a ten-year lease on the RECA I, RECA II and RIO ROJO mining concessions (about 800 hectares, Lima province); Corizona Mining Partners LLC would hold the other 40%. Viking is to provide the $500,000 GMM owes the project and issue 131,000,000 restricted shares to GMM (stated price $0.001 per share), a large increase in the share count. The filing does not mention the Dolly Varden option.

Discuss in chat