15 Nov 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
29 Aug 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
29 Aug 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
15 Aug 2007late filing notice▼ Bad
GOLDRICH MINING CO notified the SEC that its quarterly report would be filed late.
29 June 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
13 June 2007securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
4 June 2007securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
2 May 2007securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
1 May 2007securities registration● Neutral
GOLDRICH MINING CO amended an already-effective registration statement.
12 Apr 2007substantial holder notice● Neutral
Nicholas Gallagher disclosed a new substantial GOLDRICH MINING CO shareholding (14.21% of votes).
26 Feb 2007securities registration● Neutral
GOLDRICH MINING CO registered a small-business securities offering with the SEC.
3 Jan 2007capital raising announcement● Neutral
On December 27, 2006 the company closed a private placement of 3,012,002 units at $1.00, raising $3,012,002. Each unit is one share plus a half warrant exercisable at $1.50 for two years. The unit price is four times the $0.25 paid in the 2006 earlier placements. The company can force warrant exercise if its bid price averages $2.00 or more for five trading days after a resale registration is effective. The placement agent got a 6% cash fee and options on 5% of units sold.
What it means for a shareholder
3.0m new shares at US$1.00 to raise about US$3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
15 Nov 2006securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
29 Aug 2006securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
18 Aug 2006securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
7 Aug 2006securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
7 July 2006securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
21 Apr 2006securities registration● Neutral
GOLDRICH MINING CO amended an already-effective registration statement.
21 Apr 2006listing compliance notice▼ Bad
GOLDRICH MINING CO withdrew a registration statement, abandoning the offering it covered.
19 Apr 2006securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
11 Apr 2006securities registration● Neutral
GOLDRICH MINING CO registered a small-business securities offering with the SEC.
24 Feb 2006capital raising announcement● Neutral
On February 24, 2006 the company closed the second tranche of the same private placement: 5,600,000 units at $0.25, raising $1,400,000, on the same warrant terms as the January tranche. Strata Partners again received a 10% cash fee and warrants equal to 10% of units sold. Together with the January tranche, this is 9,495,000 units and $2,373,750 gross (a sum of the two filings).
What it means for a shareholder
5.6m new shares at US$0.250 to raise about US$1.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
13 Feb 2006securities registration● Neutral
GOLDRICH MINING CO filed the final prospectus for a registered offering.
8 Feb 2006securities registration● Neutral
GOLDRICH MINING CO amended a filing by which it registered a small-business securities offering with the SEC.
1 Feb 2006capital raising announcement● Neutral
On January 31, 2006 the company closed a private placement of 3,895,000 units at $0.25, raising $973,750. Each unit is one share plus a half warrant exercisable at $0.35, $0.50 and $0.65 over three years. Strata Partners received a 10% cash fee and warrants equal to 10% of units sold. This adds new shares and warrants.
What it means for a shareholder
3.9m new shares at US$0.250 to raise about US$973,750. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
30 Dec 2005securities registration● Neutral
GOLDRICH MINING CO registered a small-business securities offering with the SEC.
29 Nov 2005capital raising announcement● NeutralMajor
Effective November 21, 2005 the company sold RAB Special Situations (Master) Fund $1,000,000 of 6% convertible debentures due November 21, 2008, convertible at $0.20 per share, plus 2,500,000 warrants at $0.30 for 36 months. The debentures and warrants carry full-ratchet anti-dilution protection (the price resets if shares are later issued lower), which could dilute existing shareholders. Strata Partners was paid a $100,000 fee and received 500,000 warrants. The company must file a resale registration statement within 60 days of closing or issue penalty shares, capped at 8% of the subscription price.
21 Oct 2005capital raising announcement● Neutral
The company closed a private placement of 1,200,000 units at $0.25 each, raising $300,000 with no commissions paid. Each unit has one share and a three-year warrant exercisable at $0.30, rising to $0.35 and $0.40. Shares outstanding are now 16,833,420 (18,353,420 fully diluted). The company says the money covers working capital and financing costs, and more is needed to explore Chandalar.
What it means for a shareholder
1.2m new shares at US$0.250 to raise about US$300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
3 May 2005material agreement● Neutral
On April 27, 2005 the company agreed to pay finder Otto Gold if he introduces investors for a private placement or for a joint venture, earn-in or lease of its Chandalar property in Alaska. For a placement the fee is 10% of proceeds plus warrants; for a venture or lease it is 3% of the investors' annual spend for three years. Nothing is payable unless a deal results.