8 May 2009securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director Charles E Stott bought 153,800 shares on the open market.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director Kaiser Marvin K received a stock option grant for 50,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director David W Peat received a stock option grant for 50,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director George Michael Hobart received a stock option grant for 50,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director William Stearns Vaughan received a stock option grant for 50,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. President and CEO Robert David Russell received a stock option grant for 650,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director Charles E Stott received a stock option grant for 65,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. V.P. & General Manager Timothy George Smith received a stock option grant for 458,025 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. director Robert W Babensee received a stock option grant for 50,000 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. CFO & Sr VP - Fin. & Corp. Dev Melvyn Williams received a stock option grant for 458,025 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. Vice President and Controller Brent E Timmons received a stock option grant for 155,250 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. Sr VP - Exploration Richard F Nanna received a stock option grant for 458,025 shares.
2 Apr 2009director interest notice● Neutral
Brigus Gold Corp. V.P. & General Manager Timothy George Smith received a stock option grant for 202,500 shares.
25 Mar 2009material agreement● Neutral
On March 20, 2009 Apollo amended the employment agreements of CEO R. David Russell, CFO Melvyn Williams and Richard Nanna. Minimum base salaries rose (Russell $255,000 to $380,000; Williams $150,000 to $265,000; Nanna $150,000 to $230,000), tax gross-ups on severance were deleted, and for Russell and Nanna 'change of control' now means a change in who can elect a majority of the board rather than a 20% change in ownership.
25 Mar 2009listing compliance notice▼ Bad
Brigus Gold Corp. withdrew a registration statement, abandoning the offering it covered.
18 Mar 2009securities registration● Neutral
Brigus Gold Corp. registered a securities offering with the SEC using its shelf eligibility.
18 Mar 2009securities registration● Neutral
Brigus Gold Corp. registered a securities offering with the SEC using its shelf eligibility.
18 Mar 2009securities registration● Neutral
Brigus Gold Corp. registered a securities offering with the SEC using its shelf eligibility.
12 Mar 2009substantial holder notice● Neutral
RMB Australia Holdings Limited disclosed a new substantial Brigus Gold Corp. shareholding (14.88% of votes).
4 Mar 2009substantial holder notice● Neutral
Macquarie Bank Limited disclosed a new substantial Brigus Gold Corp. shareholding (18.54% of votes).
25 Feb 2009capital raising announcement● Neutral
This amendment corrects two points in the February 24, 2009 filing about the US$70 million project loan. Interest payments start June 30, 2009, not September 30, 2009, and Haywood is owed 3,172,840 shares, not 2,172,840. The rest is unchanged, including the US$70 million size, LIBOR plus 7% rate, and the shares paid to RAB for interest.
24 Feb 2009securities registration● Neutral
Brigus Gold Corp. filed a prospectus supplement for an offering off its existing shelf.
24 Feb 2009capital raising announcement● NeutralMajor
On February 20, 2009 Apollo signed a US$70 million project loan with RMB Australia Holdings, RMB Resources and Macquarie, drawable until June 30, 2009, replacing the December 2008 bridge loan. The loan bears interest at LIBOR plus 7% and has a US$3,465,551 arrangement fee, with repayments in instalments from September 2009 to March 2013. Proceeds fund Black Fox development, up to US$7 million of corporate costs (US$3,723,939 used to repay the non-RAB convertible debentures), and repayment of US$15,341,345 under the bridge loan. The lenders get about 34.8 million more warrants at Cdn$0.252 for 48 months, on top of the 42.6 million bridge warrants. If all are exercised, RMBAH and Macquarie would hold 14.88% and 18.54%. Apollo must also deliver 250,420 ounces of gold forward at a weighted average of $876.063 and hedge Canadian dollar costs equivalent to $60 million. Haywood is owed shares and 2,567,901 warrants at Cdn$0.256. Apollo also paid RAB's accrued interest in shares: 2,444,765 shares issued February 24, 2009. This resolves the bridge loan and funds the Black Fox build, at the cost of heavy security, hedging and dilution.
19 Feb 2009material agreement● NeutralMajor
On February 16, 2009 Apollo agreed with RAB Special Situations, the largest holder of the February 2007 convertible debentures, to extend RAB's US$4,290,000 of debentures from February 23, 2009 to February 23, 2010. Apollo may pay RAB's US$772,200 of accrued interest in shares or cash. In return RAB gets 2,000,000 shares and its 8,580,000 warrants are extended to March 5, 2010 with the exercise price cut from US$0.50 to US$0.25. The other US$3,148,100 of debentures is unchanged and still due February 23, 2009. This resolves part of the open debenture thread but adds dilution.
18 Feb 2009substantial holder notice● Neutral
Coghill Clint D.+* reported a Brigus Gold Corp. shareholding of 4,533,334 shares (2.20% of votes) in a periodic institutional filing.
6 Feb 2009substantial holder notice● Neutral
ST ANDREW GOLDFIELDS LTD. reported a Brigus Gold Corp. shareholding of 1,200,000 shares (0.50% of votes) in a periodic institutional filing.
16 Jan 2009substantial holder notice● Neutral
ST ANDREW GOLDFIELDS LTD. reported a Brigus Gold Corp. shareholding of 17,126,534 shares (7.70% of votes) in a periodic institutional filing.
15 Jan 2009substantial holder notice● Neutral
RMB Australia Holdings Limited disclosed a new substantial Brigus Gold Corp. shareholding (11.20% of votes).
14 Jan 2009securities registration● Neutral
Brigus Gold Corp. filed the final prospectus for a registered offering.