Past year: ▲ 127%(1.15c – 12.39 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 July 2010capital raising announcement▲ Good
Now renamed Gold American Mining Corp. (from Silver America), the company made its first draw on the ZUG equity line -- 277,727 units at $1.10 for $300,000 -- as it broadened its focus beyond silver.
What it means for a shareholder
277,727 new shares at US$1.10 to raise about US$300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 May 2010capital raising announcement● NeutralMajor
Silver America signed a $7.5 million equity line with ZUG Financing Group S.A. (Nevis), letting the company draw up to $1 million at a time by selling units (a share plus half a warrant) priced at 90% of the recent volume-weighted average price, with warrants exercisable at 150% of that price -- a recurring dilutive financing facility the company would draw on repeatedly over the next year.
6 May 2010capital raising announcement▲ Good
Silver America raised $200,000 selling 333,333 shares at $0.60 to a non-US investor -- routine early-stage financing.
What it means for a shareholder
333,333 new shares at US$0.600 to raise about US$200,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Apr 2010capital raising announcement▲ GoodMajor
Silver America also optioned a 72% interest in 12 silver/gold mining claims (Keeno Strike) in Clark County, Nevada from four individual owners -- $272,000 cash, 2,000,000 shares, and $750,000 of exploration spending required by April 2012, with a further 3,000,000 shares issuable if drilling confirmed at least 10 million ounces of indicated silver or 500,000 ounces of gold.
28 Apr 2010capital raising announcement▲ GoodMajor
Silver America, Inc. entered an option to earn a 90% interest in two silver mining concessions (Guadalupe) in Zacatecas, Mexico from Yale Resources Ltd -- committing to $900,000 in payments, 1,000,000 shares, and $2,000,000 of exploration spending through 2013, with Yale retaining 10% plus a 2% royalty if the earn-in completed.
