Each one in plain English, with the numbers worked through for a shareholder.
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.
INTERNATIONAL TOWER HILL MINES LTD announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
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all-in sustaining costs 16% to $1,263/oz -- while formally telling investors the September 2013 feasibility study was no longer current and should not be relied upon.
