29 Apr 2013securities registration● Neutral
IRELAND INC. amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Apr 2013director interest notice● Neutral
Steven Adam Klein became a IRELAND INC. director and company insider (initial ownership filing).
19 Apr 2013securities registration● Neutral
IRELAND INC. amended an already-effective registration statement.
1 Apr 2013late filing notice▼ Bad
IRELAND INC. notified the SEC that its annual report would be filed late.
11 Mar 2013securities registration● Neutral
IRELAND INC. filed the final prospectus for a registered offering.
5 Mar 2013securities registration● Neutral
IRELAND INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
20 Feb 2013director interest notice● Neutral
IRELAND INC. director Mark H Brennan received a stock option grant for 300,000 shares.
19 Feb 2013director interest notice● Neutral
IRELAND INC. VP Finance & Administration David Z Jr. Strickler received a stock option grant for 400,000 shares.
19 Feb 2013director interest notice● Neutral
IRELAND INC. CFO & Treasurer Robert D Mcdougal received a stock option grant for 300,000 shares.
19 Feb 2013director interest notice● Neutral
IRELAND INC. CEO, President & Secretary Douglas Dg Birnie received a stock option grant for 600,000 shares.
15 Jan 2013securities registration● Neutral
IRELAND INC. registered a securities offering with the SEC using its shelf eligibility.
10 Dec 2012securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
6 Dec 2012capital raising announcement● NeutralMajor
On November 30, 2012 Ireland sold 8,896,901 shares plus warrants for the same number of shares (exercise $0.95, four years) to accredited investors, with net proceeds of $5,411,491. Craig-Hallum Capital Group was placement agent and received $335,000 including expenses. Ireland must register the resale of the shares within 45 days, with penalties up to 6% of proceeds if it fails. More dilution; the per-share price is not stated in the filing.
What it means for a shareholder
8.9m new shares at about $0.6082 to raise about $5.4m. That's 6.1% dilution: every existing holder's slice gets 6.1% smaller. If you held $1,000 of shares (1,644 at the issue price), your slice goes from 0.0012% to 0.00113% of the company. To keep it you'd need 107 more shares - about $65 at the issue price.
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14 Nov 2012quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.2 million for the period ended 2012-09-30.
14 Aug 2012quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.2 million for the period ended 2012-09-30.
10 Aug 2012director interest notice● Neutral
IRELAND INC. CEO, President & Secretary Douglas Dg Birnie disposed of 2,467,419 shares via option/appreciation-right settlement.
15 May 2012quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2012-06-30.
25 Apr 2012director interest notice● Neutral
IRELAND INC. CEO, President & Secretary Douglas Dg Birnie received a stock option grant for 800,000 shares.
25 Apr 2012director interest notice● Neutral
IRELAND INC. director Mark H Brennan received a stock option grant for 400,000 shares.
25 Apr 2012director interest notice● Neutral
IRELAND INC. CFO & Treasurer Robert D Mcdougal received a stock option grant for 400,000 shares.
25 Apr 2012director interest notice● Neutral
IRELAND INC. VP-Finance & Administration David Z Jr. Strickler received a stock option grant for 400,000 shares.
14 Mar 2012capital raising announcement● NeutralMajor
On March 8, 2012 Ireland issued a further 4,030,000 units at $0.50 for $2,015,000 to accredited investors, on the same terms as the February tranche (a share plus a warrant at $0.80 to March 31, 2015). Together with February that is 9,560,000 units and $4,780,000 for this raise. A finder gets $8,000 plus 16,000 warrants on 400,000 of the units.
What it means for a shareholder
4.0m new shares at $0.500 to raise about $2.0m. That's 3.1% dilution: every existing holder's slice gets 3.1% smaller. If you held $1,000 of shares (2,000 at the issue price), your slice goes from 0.00157% to 0.00152% of the company. To keep it you'd need 63 more shares - about $32 at the issue price.
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7 Mar 2012securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
7 Mar 2012securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
28 Feb 2012capital raising announcement● NeutralMajor
On February 23, 2012 Ireland issued 5,530,000 units at $0.50 for $2,765,000 (5,230,000 US units for $2,615,000 and 300,000 offshore units for $150,000). Each unit is a share plus a full warrant at $0.80 to March 31, 2015. This is the first closing of the placement announced February 16 and dilutes existing holders.
What it means for a shareholder
5.5m new shares at $0.500 to raise about $2.8m. That's 4.2% dilution: every existing holder's slice gets 4.2% smaller. If you held $1,000 of shares (2,000 at the issue price), your slice goes from 0.00157% to 0.0015% of the company. To keep it you'd need 87 more shares - about $44 at the issue price.
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16 Feb 2012capital raising announcement● Neutral
On February 16, 2012 Ireland reported encouraging extraction results from a bulk gravity concentration test by AuRIC Metallurgical Laboratories, and announced a private placement of units (a share plus one warrant at $0.80 to March 31, 2015). No price, size or test figures are given in the filing text. Completion and amount were not stated.
14 Nov 2011quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $560 thousand for the period ended 2011-09-30.
25 Aug 2011director interest notice● Neutral
IRELAND INC. CFO & Treasurer Robert D Mcdougal received a stock option grant for 300,000 shares.
25 Aug 2011director interest notice● Neutral
IRELAND INC. VP-Finance and Administration David Z Jr. Strickler received a stock option grant for 300,000 shares.
25 Aug 2011director interest notice● Neutral
IRELAND INC. CEO, President & Secretary Douglas Dg Birnie received a stock option grant for 600,000 shares.