Each one in plain English, with the numbers worked through for a shareholder.
13 June 2024capital raising announcement● NeutralMajor
Closed a C$5,000,800 brokered flow-through placement of 5,320,000 shares at C$0.94, led by Haywood with BMO, H.C. Wainwright and Echelon. The price is a third below the C$1.44 flow-through raise of March 2023.
What it means for a shareholder
5.3m new shares at C$0.940 to raise about C$5.0m. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held C$1,000 of shares (1,064 at the issue price), your slice goes from 0.00073% to 0.000704% of the company. To keep it you'd need 39 more shares - about C$37 at the issue price.
23 Mar 2023capital raising announcement▲ GoodMajor
Closed a C$8,750,160 bought-deal flow-through placement of 6,076,500 shares at C$1.44, underwritten by a syndicate led by Haywood with Beacon, BMO and H.C. Wainwright. At C$1.44 this is nearly double the C$0.80 of April 2022, and the flow-through structure means the money must be spent on Canadian exploration.
What it means for a shareholder
6.1m new shares at C$1.44 to raise about C$8.8m. That's 4.2% dilution: every existing holder's slice gets 4.2% smaller. If you held C$1,000 of shares (694 at the issue price), your slice goes from 0.000498% to 0.000477% of the company. To keep it you'd need 30 more shares - about C$43 at the issue price.
Closed the C$11.0 million placement on 13.75 million shares at C$0.80 to the two investors.
What it means for a shareholder
13.8m new shares at C$0.800 to raise about C$11.0m. That's 9.9% dilution: every existing holder's slice gets 9.9% smaller. If you held C$1,000 of shares (1,250 at the issue price), your slice goes from 0.000994% to 0.000896% of the company. To keep it you'd need 137 more shares - about C$110 at the issue price.
Agreed a C$11.0 million placement of 13.75 million shares at C$0.80 with just two buyers, a Canadian corporate investor and a US institution, with no warrants attached. The price is above last October's C$0.75, and a no-warrant deal to two named buyers is a better sale than the retail unit placements that preceded it.
What it means for a shareholder
13.8m new shares at C$0.800 to raise about C$11.0m. That's 9.9% dilution: every existing holder's slice gets 9.9% smaller. If you held C$1,000 of shares (1,250 at the issue price), your slice goes from 0.000994% to 0.000896% of the company. To keep it you'd need 137 more shares - about C$110 at the issue price.
Material change report for the two-tranche placement completed 13 October at C$5,596,088 on 7,461,450 units.
What it means for a shareholder
7.5m new shares at about C$0.750 to raise about C$5.6m. That's 8.5% dilution: every existing holder's slice gets 8.5% smaller. If you held C$1,000 of shares (1,333 at the issue price), your slice goes from 0.00166% to 0.00152% of the company. To keep it you'd need 124 more shares - about C$93 at the issue price.
Closed the second and final tranche of 2,375,780 units, taking the placement to 7,461,450 units for C$5,596,088 - above the C$5.025 million first announced.
Closed a first tranche of 5,085,670 units at C$0.75 for C$3,814,253.
What it means for a shareholder
5.1m new shares at C$0.750 to raise about C$3.8m. That's 5.9% dilution: every existing holder's slice gets 5.9% smaller. If you held C$1,000 of shares (1,333 at the issue price), your slice goes from 0.00166% to 0.00156% of the company. To keep it you'd need 84 more shares - about C$63 at the issue price.
Arranged a C$5.025 million placement of 6.7 million units at C$0.75, each with a full warrant at C$1.20 for three years, callable if the shares hold C$1.50 for 20 days. The price is less than half the C$1.60 paid in February 2020, before the merger.
What it means for a shareholder
6.7m new shares at C$0.750 to raise about C$5.0m. That's 7.7% dilution: every existing holder's slice gets 7.7% smaller. If you held C$1,000 of shares (1,333 at the issue price), your slice goes from 0.00166% to 0.00153% of the company. To keep it you'd need 111 more shares - about C$83 at the issue price.
Material change report for the C$23 million subscription receipt financing, naming Canaccord Genuity and Beacon Securities as co-leads of the bought deal.
Closed the bought deal at C$23 million on 7,750,000 subscription receipts, slightly above the C$22.5 million announced. The proceeds sit in escrow until the reorganisation completes, at which point the receipts become Fury Gold shares.
31 Aug 2020capital raising announcement▲ GoodMajor
Arranged a C$22.5 million bought-deal placement of 7.5 million subscription receipts, which convert to shares only when the Eastmain deal closes. Completing it is a stated condition of that deal, so the financing is the gate the whole reorganisation runs through.
27 Feb 2020capital raising announcement▲ GoodMajor
A second allotment of the same placement closed on 3,062,500 shares at C$1.60 for C$4.9 million with no commissions, taking the February total to C$15 million on 9,375,000 shares. The company said it was expecting drill permits for two Peruvian projects that year.
What it means for a shareholder
3.1m new shares at C$1.60 to raise about C$4.9m. That's 3.4% dilution: every existing holder's slice gets 3.4% smaller. If you held C$1,000 of shares (625 at the issue price), your slice goes from 0.000727% to 0.000702% of the company. To keep it you'd need 22 more shares - about C$35 at the issue price.
6 Feb 2020capital raising announcement● NeutralMajor
Closed the C$10.1 million placement at C$1.60 on 6,312,500 shares, insiders taking 271,875, and completed the bridge loan amendment - the C$3 million principal plus C$123,334 of accrued interest now convertible into up to 1,952,084 shares at C$1.60. The bridge loan that began as a working-capital borrowing five months earlier ends as dilution.
21 Jan 2020capital raising announcement● NeutralMajor
Arranged a C$10 million placement of about 6.3 million shares at C$1.60 and simultaneously agreed to convert the September bridge loan: the lender may turn the drawn C$3 million into shares at C$1.60, the company can force conversion if the stock holds C$2.50 for five days, and the interest rate drops to 5%. The debt is being turned into equity rather than repaid.
Closed the flow-through placement, issuing 633,334 shares at C$3.00 for C$1.9 million to fund the Committee Bay programme.
What it means for a shareholder
633,334 new shares at C$3.00 to raise about C$1.9m. That's 0.731% dilution: every existing holder's slice gets 0.731% smaller. If you held C$1,000 of shares (333 at the issue price), your slice goes from 0.000388% to 0.000385% of the company. To keep it you'd need 2 more shares - about C$6 at the issue price.
Arranged a C$1.9 million flow-through placement of 633,334 shares at C$3.00 - nearly double the C$1.60 paid in March, because flow-through shares carry a tax deduction - to pay for the Committee Bay summer drilling.
What it means for a shareholder
633,334 new shares at C$3.00 to raise about C$1.9m. That's 0.731% dilution: every existing holder's slice gets 0.731% smaller. If you held C$1,000 of shares (333 at the issue price), your slice goes from 0.000388% to 0.000385% of the company. To keep it you'd need 2 more shares - about C$6 at the issue price.
The March placement was increased and closed at C$5,255,000 rather than the C$3.5 million announced, on 3,284,375 shares at C$1.60, of which insiders took 596,875.
What it means for a shareholder
3.3m new shares at C$1.60 to raise about C$5.3m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held C$1,000 of shares (625 at the issue price), your slice goes from 0.000727% to 0.0007% of the company. To keep it you'd need 24 more shares - about C$38 at the issue price.
Arranged a $3.5 million non-brokered placement of about 2,187,500 shares at C$1.60 to fund surface exploration at Sombrero, with insiders expected to take part.
What it means for a shareholder
2.2m new shares at C$1.60 to raise about C$3.5m. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held C$1,000 of shares (625 at the issue price), your slice goes from 0.000727% to 0.000709% of the company. To keep it you'd need 16 more shares - about C$26 at the issue price.
