Past year: ▲ 0%(10.3c – 10.3c USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Jan 2018capital raising announcement● Neutral
The company issued 200,000 shares to an officer and director for services on January 2, 2018, and filed on January 8, 2018 to change its name to Indigenous Roots Corp., pending FINRA review. The name change will take effect on the market only once FINRA completes its review.
10 Jan 2018capital raising announcement● Neutral
On December 5, 2017 the company issued 300,000 common shares to an unrelated party for $30,000 total, which is $0.10 per share, matching the price of the November 2017 placement announcement (inference that this is part of it; the filing does not say so).
6 Nov 2017capital raising announcement● Neutral
After a gap of more than six years in this record, the company (still American Paramount Gold Corp., now based in Las Vegas under president Ronald Loudoun) announced a private placement of up to 1,000,000 units at $0.10 each for up to $100,000. Each unit has one share and one warrant to buy a share at $0.35 for 12 months.
What it means for a shareholder
1.0m new shares at $0.100 to raise about $100,000. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held $1,000 of shares (10,000 at the issue price), your slice goes from 0.129% to 0.114% of the company. To keep it you'd need 1,292 more shares - about $129 at the issue price.
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28 Apr 2011capital raising announcement● Neutral
On April 26, 2011 the company issued 500,000 restricted shares to Investors Resource Group to settle a debt, at a deemed price of $0.135 per share. This is a small dilution of existing shareholders; the filing does not state the debt amount.
7 Mar 2011capital raising announcement● Neutral
The company cancelled all 5,400,000 options granted in October 2010 at $0.68 and granted 5,150,000 new options at $0.12 per share, the March 1, 2011 closing price, mostly expiring March 2, 2016. Recipients include J. Trevor Eyton, Hugh Aird (President/CEO), Wayne Parsons and CFO Ann Dumyn. The company says this was to give incentive pay reflecting the current market value of its stock; the drop from $0.68 to $0.12 shows the share price fell sharply (inference from the two exercise prices).
25 Oct 2010capital raising announcement● Neutral
The company granted 5,400,000 stock options to directors, officers, consultants and employees under the 2010 plan at $0.68 per share (400,000 expiring October 5, 2012 and 5,000,000 expiring October 6, 2015). This uses most of the 6,500,000-share plan approved in July. The filing is signed by Hugh Aird as president, so leadership had changed from Wayne Parsons, and the office is now in Toronto.
