2 Nov 2017capital raising announcement● Neutral
Garmatex Holdings settled about CAD$26,945 of debt owed to former management by issuing 2,694,526 shares at roughly CAD$0.01 each.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 July 2017capital raising announcement● Neutral
Garmatex Holdings borrowed $100,000 from BGC Consultants Limited at 5% interest, convertible into shares at $0.20 each; the loan was assigned to Robert Bregani two months later.
23 June 2017capital raising announcement● Neutral
Garmatex Holdings hired investor-relations firm CorProminence (CORE IR) for up to $10,000/month plus 112,000 shares, and separately disclosed - for the first time in full - that Devon Loosdrecht had taken control of the company in March 2016 by buying 52.4% of its stock from founder Jose Montes for just $1,320.
26 May 2016capital raising announcement● Neutral
Oaxaca Resources refiled its private-placement disclosure to complete a paragraph inadvertently left unfinished in the original filing; the CAD$500,000 raise's terms were unchanged.
18 May 2016capital raising announcement▲ Good
Oaxaca Resources raised CAD$500,000 in a private placement, selling 100,000 units (one share plus a half-warrant each) at CAD$5.00 per unit, financing the pending Garmatex merger.
What it means for a shareholder
100,000 new shares at about C$5.00 to raise about C$500,000. That's 0.316% dilution: every existing holder's slice gets 0.316% smaller. If you held C$1,000 of shares (200 at the issue price), your slice goes from 0.000635% to 0.000633% of the company. To keep it you'd need 1 more shares - about C$5 at the issue price.
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