21 Nov 2007director interest notice● Neutral
Brigus Gold Corp. CFO & Sr VP - Fin. & Corp. Dev Melvyn Williams bought 90,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Nov 2007director interest notice● Neutral
Brigus Gold Corp. CFO & Sr VP - Fin. & Corp. Dev Melvyn Williams bought 120,000 shares on the open market.
13 Nov 2007substantial holder notice● Neutral
AURAMET TRADING, LLC disclosed a new substantial Brigus Gold Corp. shareholding (7.21% of votes).
8 Nov 2007substantial holder notice● Neutral
Jipangu Inc reported a Brigus Gold Corp. shareholding of 2,000,000 shares (1.30% of votes) in a periodic institutional filing.
7 Nov 2007director interest notice● Neutral
Brigus Gold Corp. director George Michael Hobart bought 54,545 shares on the open market at $0.52.
1 Nov 2007capital raising announcement▲ GoodMajor
On October 31, 2007 Apollo closed a Canadian private placement of 7,454,545 flow-through shares at Cdn$0.55, raising Cdn$4.1 million. The money is earmarked for Black Fox drilling, permitting and a feasibility study, which addresses the open Black Fox funding and feasibility-study thread. Underwriter Haywood received a Cdn$225,500 commission and options on 5% of the shares (372,727 shares by calculation) at Cdn$0.55 for 18 months, and the buyers get resale registration rights, so more shares will be added to the count.
25 Oct 2007securities registration● Neutral
Brigus Gold Corp. filed the final prospectus for a registered offering.
18 Oct 2007debt financing● NeutralMajor
On October 12, 2007 Montana Tunnels Mining entered a facility of up to US$8 million with RMB Australia Holdings, at LIBOR plus 1.25%, repayable in four quarterly instalments from December 31, 2007 with final maturity September 30, 2008. Proceeds must first go to repaying the Series B secured debentures (the November 2004 trust indenture), and the facility is secured by the Montana Tunnels shares and assets, guaranteed by Apollo and Apollo Gold, Inc., and later by the Black Fox assets once the debentures are repaid. To meet loan criteria Apollo hedged lead and zinc with no-premium collars, covering about 65% and 40% of its share of the next 12 months of production respectively. This addresses the open thread of the Series B debentures due November 2007, but replaces them with a shorter, covenant-bound loan.
15 Oct 2007securities registration● Neutral
Brigus Gold Corp. filed the final prospectus for a registered offering.
15 Oct 2007capital raising announcement● Neutral
On October 12, 2007 Apollo announced a private placement financing in a press release attached as an exhibit. The exhibit text is not included in the filing provided, so the size, price and terms cannot be stated here.
9 Oct 2007material agreement▼ Bad
On October 4, 2007 Apollo settled indemnification claims from Jipangu relating to the 2005 sale of the Florida Canyon and Standard mines. Apollo agreed to pay US$650,000 for the leach pad and tax claims, and to reimburse employee disability claims when and if damages exceed US$200,000. It had reserved US$600,000, so about US$50,000 more will be expensed in the quarter ending September 30, 2007. This settles claims arising from the 2005 Nevada disposals.
10 Sept 2007substantial holder notice● Neutral
Jipangu Inc reported a Brigus Gold Corp. shareholding of 12,455,000 shares (8.70% of votes) in a periodic institutional filing.
5 Sept 2007director interest notice● Neutral
Brigus Gold Corp. 10%+ owner Jipangu INC sold 11,195,000 shares at $0.00.
4 Sept 2007director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD bought 10,675,000 shares on the open market at $0.42.
21 Aug 2007securities registration● Neutral
Brigus Gold Corp. filed the final prospectus for a registered offering.
18 July 2007securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 July 2007director interest notice● Neutral
Brigus Gold Corp. 10%+ owner Jipangu INC sold 2,000,000 shares at $0.00.
6 July 2007resource reserve update▲ GoodMajor
On July 2, 2007 Apollo released a new Canadian-standard (NI 43-101) estimate for Black Fox near Timmins, prepared by SRK Consulting: 4.47 million tonnes of probable reserves at 7.0 g/t, or 1,002,000 ounces of gold, based on a gold price of US$525 per ounce. There are also indicated and inferred resources beyond the reserves. The filing says Black Fox reports no reserves under the US SEC standard because a bankable feasibility study has not been completed. This is a reserve estimate, not a funding or construction decision, so Black Fox development funding remains an open thread.
25 June 2007securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
24 May 2007securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
4 Apr 2007securities registration● Neutral
Brigus Gold Corp. registered a securities offering with the SEC using its shelf eligibility.
15 Mar 2007director interest notice● Neutral
Brigus Gold Corp. director Charles E Stott received a stock option grant for 100,000 shares.
7 Mar 2007substantial holder notice● Neutral
Coghill Clint D.+* disclosed a new substantial Brigus Gold Corp. shareholding (7.00% of votes).
26 Feb 2007capital raising announcement● NeutralMajor
On February 23, 2007 Apollo completed a private placement of US$8.58 million of convertible debentures due February 23, 2009. They pay 12% interest for the first year and 18% after that, and are convertible at US$0.50 per share. Each US$1,000 of debentures also carries 2,000 warrants at US$0.50 for two years. Regent and Shoreline received about US$600,000 in commissions plus compensation warrants at US$0.50, and the company agreed not to sell securities for three months without their consent. Apollo can force conversion after September 24, 2007 if the 20-day average share price reaches US$0.90, or on a change of control. Existing holders face dilution from the conversion shares and warrants, and the shares underlying them must be registered for resale. Unit purchasers from the November 2006 offering used their participation rights in this deal.
21 Feb 2007director interest notice● Neutral
Brigus Gold Corp. 10%+ owner St Andrew Goldfields LTD bought 453,900 shares on the open market.
8 Feb 2007director interest notice● Neutral
Brigus Gold Corp. director Kaiser Marvin K received a stock option grant for 70,000 shares.
8 Feb 2007director interest notice● Neutral
Brigus Gold Corp. Sr VP - Exploration Richard F Nanna received a stock option grant for 400,000 shares.
8 Feb 2007director interest notice● Neutral
Brigus Gold Corp. director George Michael Hobart received a stock option grant for 70,000 shares.
8 Feb 2007director interest notice● Neutral
Brigus Gold Corp. director William Stearns Vaughan received a stock option grant for 70,000 shares.
8 Feb 2007director interest notice● Neutral
Brigus Gold Corp. director Charles E Stott received a stock option grant for 100,000 shares.