Each one in plain English, with the numbers worked through for a shareholder.
27 Jan 2026capital raising announcement▲ GoodMajor
Raised roughly $75 million in an underwritten public offering led by BMO Capital Markets (29,280,000 shares at $2.22, plus a fully exercised 4,392,000-share over-allotment) -- by far the company's largest-ever raise, reflecting a much stronger gold price environment and growing confidence in Livengood's economics.
What it means for a shareholder
29.3m new shares at C$2.22 to raise about C$75.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held C$1,000 of shares (450 at the issue price), your slice goes from 0.000217% to 0.00019% of the company. To keep it you'd need 63 more shares - about C$140 at the issue price.
Raised about $3.93 million from institutional shareholders in a private placement (8,192,031 shares at $0.4801).
What it means for a shareholder
8.2m new shares at C$0.4801 to raise about C$3.9m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held C$1,000 of shares (2,083 at the issue price), your slice goes from 0.001% to 0.000964% of the company. To keep it you'd need 82 more shares - about C$39 at the issue price.
Hired Phenom Ventures as an investor-relations/promotional consultant, granting 2,500,000 stock options (CAD$0.64 strike) that vest faster if the stock outperforms the GDXJ junior-gold-miner index.
22 Jan 2024capital raising announcement▲ GoodMajor
Raised about $2.5 million from existing major institutional holders Paulson & Co., Sprott Asset Management and Kopernik Global Investors (3,807,911 shares at $0.664).
What it means for a shareholder
3.8m new shares at C$0.664 to raise about C$2.5m. That's 1.9% dilution: every existing holder's slice gets 1.9% smaller. If you held C$1,000 of shares (1,506 at the issue price), your slice goes from 0.000769% to 0.000754% of the company. To keep it you'd need 29 more shares - about C$19 at the issue price.
Released an updated, more de-risked pre-feasibility study for Livengood (65,000 tons/day, 6.4 million ounces over 21 years, from a 13.6 million ounce resource): capital costs of $1.93 billion, all-in sustaining costs of $1,171/oz, and -- for the first time -- a clearly positive after-tax NPV of $400 million at $1,800/oz gold.
16 Mar 2018capital raising announcement▲ GoodMajor
Raised $12.0 million from institutional shareholders (one existing, one new to the company) in a private placement of 24,000,000 shares at $0.50.
What it means for a shareholder
24.0m new shares at C$0.500 to raise about C$12.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held C$1,000 of shares (2,000 at the issue price), your slice goes from 0.00123% to 0.00107% of the company. To keep it you'd need 296 more shares - about C$148 at the issue price.
20 Dec 2016capital raising announcement▲ GoodMajor
Raised about $22 million from institutional shareholders in a private placement (45,833,334 shares at $0.48), earmarked mainly to complete a final roughly $14.8 million payment due for Livengood-area mining claims.
What it means for a shareholder
45.8m new shares at C$0.480 to raise about C$22.0m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held C$1,000 of shares (2,083 at the issue price), your slice goes from 0.00179% to 0.00128% of the company. To keep it you'd need 821 more shares - about C$394 at the issue price.
Released a pre-feasibility study for a scaled-down Livengood project (52,600 tons/day over 23 years vs. the original 100,000 tons/day over 14 years), cutting capital costs 34% to $1.84 billion and all-in sustaining costs 16% to $1,263/oz -- while formally telling investors the September 2013 feasibility study was no longer current and should not be relied upon.
Raised about CAD 8.4 million from existing institutional shareholders and insiders in a non-brokered private placement (18,245,000 shares at CAD 0.46) -- funding continued work after the weak 2013 feasibility study, at a much lower share price.
Amended its Livengood-area mineral rights lease with the Alaska Mental Health Trust Authority, extending the term to 2023 (with annual extensions available) and adjusting minimum royalty payments.
Released feasibility study results for the Livengood Gold Project (100,000 ton/day, 8 million ounces over 14 years, reserves of 9.6M oz proven plus 454K oz probable): even at a $1,500/oz trailing gold price the project generated only a 'minimal positive return' -- a disappointing result that undercut the investment case.
