16 Nov 2015listing compliance notice▼ BadMajor
Lake Victoria Mining Company, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2015securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
14 Aug 2015quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $321 thousand for the period ended 2015-06-30.
30 June 2015late filing notice▼ Bad
Lake Victoria Mining Company, Inc. notified the SEC that its annual report would be filed late.
20 Apr 2015director interest notice● Neutral
John James Sutherland became a Lake Victoria Mining Company, Inc. director and company insider (initial ownership filing).
18 Mar 2015securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
18 Mar 2015securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
18 Feb 2015quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $154 thousand for the period ended 2014-12-31.
17 Feb 2015quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $154 thousand for the period ended 2014-12-31.
13 Feb 2015substantial holder notice● Neutral
La Plata River Partners, LLC, William Lupien reported no remaining Lake Victoria Mining Company, Inc. shareholding in its periodic institutional filing.
16 Dec 2014securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
18 Nov 2014quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $179 thousand for the period ended 2014-09-30.
14 Nov 2014quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $179 thousand for the period ended 2014-09-30.
15 Aug 2014quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $308 thousand for the period ended 2014-06-30.
14 Aug 2014quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $308 thousand for the period ended 2014-06-30.
14 Feb 2014quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $196 thousand for the period ended 2013-12-31.
10 Feb 2014substantial holder notice● Neutral
La Plata River Partners, LLC, William Lupien disclosed a new substantial Lake Victoria Mining Company, Inc. shareholding (7.50% of votes).
14 Nov 2013quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $214 thousand for the period ended 2013-09-30.
14 Aug 2013quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $208 thousand for the period ended 2013-06-30.
20 Mar 2013director interest notice● Neutral
David Ralph Webb became a Lake Victoria Mining Company, Inc. director and company insider (initial ownership filing).
14 Feb 2013quarterly activities report● Neutral
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and net income of $255 thousand for the period ended 2012-12-31.
20 Nov 2012securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
14 Nov 2012quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $338 thousand for the period ended 2012-09-30.
23 Aug 2012quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $1.2 million for the period ended 2012-06-30.
14 Aug 2012quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $1.2 million for the period ended 2012-06-30.
8 May 2012director interest notice● Neutral
Lorne Barry Anderson became a Lake Victoria Mining Company, Inc. director and company insider (initial ownership filing).
4 May 2012director interest notice● Neutral
Kudu Partners LP became a Lake Victoria Mining Company, Inc. 10%+ owner and company insider (initial ownership filing).
1 May 2012securities registration● Neutral
Lake Victoria Mining Company, Inc. filed notice of an exempt private placement.
27 Apr 2012capital raising announcement▼ BadMajor
In April 2012 the company closed a private placement of 14,285,000 shares at $0.06 each for gross proceeds of $857,100. 2,000,000 shares went to one non-US subscriber and 12,285,000 to eight US accredited investors. Proceeds are meant for the ongoing work program on its mining projects, exploration for new projects and general working capital. The price is well below the $0.15 paid in the March 2011 placement (a comparison drawn from the earlier context), and the new shares dilute existing holders.
What it means for a shareholder
14.3m new shares at $0.060 to raise about $857,100. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held $1,000 of shares (16,667 at the issue price), your slice goes from 0.0171% to 0.0149% of the company. To keep it you'd need 2,442 more shares - about $147 at the issue price.
Create a free account to see this worked out for your own holding.
14 Feb 2012quarterly activities report▼ Bad
Lake Victoria Mining Company, Inc. reported quarterly revenue of $0 and a net loss of $813 thousand for the period ended 2011-12-31.