5 Jan 2009capital raising announcement● Neutral
This amendment only fixes a typo in the December 31, 2008 filing, changing the share count from "3,000,0000" to 3,000,000. The terms of the Cdn$900,000 flow-through placement are otherwise unchanged.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Dec 2008capital raising announcement● Neutral
On December 31, 2008 Apollo closed a flow-through placement of 3,000,000 shares at Cdn$0.30 for Cdn$900,000, to be spent on Black Fox exploration. It paid MAK Allen & Day a Cdn$40,500 finder's fee and Haywood a Cdn$36,000 advisory fee plus 255,000 warrants at Cdn$0.30 for 24 months, and must register the shares for US resale within 45 days. The price is well below the Cdn$0.50 paid in the August 2008 flow-through placement. That comparison is the writer's own observation, not the filing's.
What it means for a shareholder
3.0m new shares at C$0.300 to raise about C$900,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
23 Dec 2008substantial holder notice● Neutral
Macquarie Bank Limited disclosed a new substantial Brigus Gold Corp. shareholding (11.20% of votes).
23 Dec 2008substantial holder notice● Neutral
ST ANDREW GOLDFIELDS LTD. reported a Brigus Gold Corp. shareholding of 20,279,429 shares (9.20% of votes) in a periodic institutional filing.
23 Dec 2008securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 Dec 2008capital raising announcement● NeutralMajor
On December 10, 2008 Apollo signed a US$15 million bridge loan with RMB Australia Holdings, RMB Resources and Macquarie Bank. Only US$6 million can be withdrawn now; the other US$9 million needs lender approval, which the lenders will not give unless Apollo raises equity or other funds for corporate costs before February 28, 2009. The loan carries a 5% arrangement fee, interest at LIBOR plus 10%, and matures on the earlier of June 30, 2009 or the first draw on a long-term project loan. It is secured by a first lien on substantially all assets including Black Fox, and may only be used for Black Fox and related fees. The lenders also received 42,614,254 warrants at Cdn$0.221 for 48 months, and interest can be paid in shares instead of cash at the lenders' option. This is new financing for the Black Fox build and adds dilution.
15 Dec 2008substantial holder notice● Neutral
ST ANDREW GOLDFIELDS LTD. reported a Brigus Gold Corp. shareholding of 21,670,861 shares (9.90% of votes) in a periodic institutional filing.
11 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 761,000 shares.
10 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 601,000 shares.
10 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 2,075,000 shares.
10 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 703,500 shares.
9 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 2,075,000 shares.
8 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 702,000 shares.
5 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 46,500 shares at $0.12.
4 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 150,000 shares at $0.12.
3 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 115,169 shares.
2 Dec 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 117,399 shares.
24 Nov 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 2,000,000 shares at $0.20.
19 Nov 2008director interest notice● Neutral
Brigus Gold Corp. director Kaiser Marvin K bought 25,000 shares on the open market at $0.13.
12 Nov 2008securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 Nov 2008securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 Nov 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 2,000,000 shares at $0.21.
10 Nov 2008securities registration● Neutral
Brigus Gold Corp. filed the final prospectus for a registered offering.
24 Oct 2008debt financing▲ Good
Apollo Gold repaid US$1.95 million of the US$4.79 million still outstanding to RMB Australia ahead of schedule, funding it by unwinding part of its gold hedge. Cutting debt in the middle of the 2008 crash, at the cost of the price protection the hedge provided.
8 Oct 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 11,100 shares at $0.25.
6 Oct 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 25,000 shares at $0.24.
3 Oct 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 8,500 shares.
2 Oct 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 10,100 shares at $0.25.
1 Oct 2008director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD sold 133,371 shares.
30 Sept 2008securities registration● Neutral
Brigus Gold Corp. registered a securities offering with the SEC using its shelf eligibility.