3 Sept 2024capital raising announcement▲ GoodMajor
CoJax bought more Mississippi mineral and oil and gas interests from Liberty Operating, this time paying about 2.21 million shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 June 2024capital raising announcement▲ GoodMajor
CoJax struck a similar deal with a new counterparty, Liberty Operating, issuing about 1.32 million shares for Mississippi mineral and oil and gas interests assigned into Barrister.
9 Dec 2022capital raising announcement▲ GoodMajor
A second deal with Taxodium Energy added more wells, facilities and property interests to Barrister, paid for with another 1.5 million shares.
14 Nov 2022capital raising announcement▲ GoodMajor
CoJax issued 1.6 million shares (about $3.4 million worth) to Taxodium Energy, a new counterparty, in exchange for mineral and royalty interests in Mississippi and Alabama properties assigned into its Barrister subsidiary.
22 Nov 2021capital raising announcement▲ GoodMajor
CoJax eliminated the $2.7 million Barrister acquisition debt entirely, exchanging it for 1.35 million shares at $2.00/share with lender Central Operating, which became a major shareholder as a result.
1 Mar 2021capital raising announcement● Neutral
The board issued small blocks of stock: 5,000 shares each to the CEO and an officer, 310,250 shares to Newbridge Securities for advisory work on the Barrister acquisition, and 100,000 shares to consultants.
28 July 2020capital raising announcement● NeutralMajor
CoJax corrected its June 2020 filing on the planned deal to buy Barrister Energy, LLC: the shares to be issued to Barrister's members are 3,650,000, not the 7,500,000 first stated, and closing is now expected on or before August 7, 2020. The amendment also fixes a transposed ownership figure for Roger McLeod (shown at 2,920,000 shares, 80.00% after the exchange), restates the emerging-growth-company risk factor, and re-posts garbled deal terms (including CoJax's right to rescind and a $100,000 cap on indemnification). The deal has not yet closed; the 3.65M-share figure is the one that later closed in Nov 2020.