15 June 2009director interest notice● Neutral
Lawrence Siccia became a Creative Waste Solutions, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2009capital raising announcement● Neutral
On January 15, 2009 the company closed a private placement of 484,837 shares at $0.45 each for gross proceeds of $218,176.65, sold to 10 non-US and 1 US buyer. The price is higher than the $0.25 paid in the 2008 placements; it adds shares and cash.
What it means for a shareholder
484,837 new shares at $0.450 to raise about $218,177. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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17 Oct 2008material agreement▲ GoodMajor
Two insiders agreed to hand back shares for cancellation with no payment: president Donald James MacKenzie 1,200,000 shares (agreement October 16, 2008) and former director/officer Greg Cowan 15,000,000 shares (September 30, 2008). This reduces the number of shares outstanding, which is a positive for remaining holders' percentage ownership.
14 Oct 2008capital raising announcement● Neutral
On October 10, 2008 the company closed a private placement of 950,000 shares at $0.25 each, raising $237,500 gross, sold to 6 non-US and 3 US buyers. This adds shares (dilution for existing holders) and cash, following the similar $250,000 raise in July.
What it means for a shareholder
950,000 new shares at $0.250 to raise about $237,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 July 2008business combination● NeutralMajor
The Silverdale purchase closed on July 24, 2008, resolving the June agreement: 4,334,000 new shares were issued, leaving 60,834,000 shares outstanding, with Silverdale's former holders owning about 7.12%. The filing also describes the company as an exploration-stage miner with its Rose Prospect claim in Nevada, Silverdale's option on eight Idaho claims (to date $50,000 paid of a $1,000,000 cash commitment), a March 31, 2008 agreement for a 50% interest in the Silver Strand mine with New Jersey Mining Co. (expected to close by July 31, 2008), and a $250,000 private placement of 1,000,000 shares at $0.25 closed July 23, 2008. The company was formerly a shell, so this filing gives full business information.
16 June 2008material agreement● NeutralMajor
The company, filing under the name Silverstar Mining Corp., agreed on June 13, 2008 to buy all of Silverdale Mining Corp., an Idaho-focused exploration-stage mining company, by issuing 4,334,000 of its shares to Silverdale's shareholders. The deal was conditional (including delivery of audited financials) and the filing says there was no assurance it would close.
13 Mar 2008director interest notice● Neutral
Jardine John Willis became a Creative Waste Solutions, Inc. CFO, Secretary and Treasurer and company insider (initial ownership filing).
13 Feb 2007securities registration● Neutral
Creative Waste Solutions, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
30 Jan 2007securities registration● Neutral
Creative Waste Solutions, Inc. registered a small-business securities offering with the SEC.