Past year: ▲ 4%(0.01c – 2.70c USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Aug 2022capital raising announcement● NeutralMajor
On July 29, 2022 the company settled notes and accounts payable valued at $2,979,829 by issuing 716,552 non-voting Series B preferred shares to eight people. Each share converts into ten common shares, so up to about 7.17 million common shares could result, subject to a 4.99% cap on each holder's ownership at any one time. This removes a sizeable amount of debt but adds potential dilution for existing shareholders.
20 May 2022capital raising announcement● NeutralMajor
As of April 29, 2022 an investor swapped debentures from August 2018 ($245,600) and October 2020 ($317,718) for 600 shares of new non-voting Series D preferred stock with a $600,000 stated value, and cancelled warrants over 38,888,889 pre-split shares. This removes those debentures as debt, but the preferred converts into common at $0.50 post-split, with the price able to fall each quarter from July 1, 2022 to the lowest recent trading price, so it can dilute common holders. A 1-for-500 reverse split is expected in May 2022.
16 Oct 2018capital raising announcement● NeutralMajor
On October 10, 2018 EMAC Handels AG converted 200,000 Series A preferred shares into 2,000,000 common shares, leaving EMAC with 2,624,605 common shares, or 71.75% of those outstanding. The company also hired Hanover International for consulting and investor relations for a monthly retainer and up to 20,000 warrants, and its address is now Del Mar, California.
17 Apr 2018capital raising announcement● Neutral
On April 11, 2018, after a 1-for-1,500 reverse split effective April 9, 2018, the company issued 1,000,000 common shares to EMAC Handels AG (owned by Reinhard Hiestand) on conversion of 100,000 Series A preferred shares originally issued December 31, 2016 for prior loans. EMAC, the same Swiss company that sold the Long Canyon claims in 2014, now holds more common stock.
21 June 2017capital raising announcement▼ BadMajor
On June 13, 2017 the company settled $175,182.37 of debt by issuing 1,751,824 Series A preferred shares to two individuals. Each converts into 10 common shares and carries 100 votes, so the holders gain voting power and potential dilution for common holders (inference).
