Past year: ▼ 51%(4.50c – 11.8c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Jan 2021capital raising announcement● NeutralMajor
Lithium Corp signed a $10.3 million equity line of credit with Lincoln Park Capital, giving it the right (not the obligation) to sell shares to Lincoln Park at a discount over three years; it drew an initial $160,000 and issued Lincoln Park 1.4 million commitment shares.
15 Mar 2013capital raising announcement● Neutral
Lithium Corp staked additional claims at its Fish Lake Valley property in Nevada and repriced underwater director/officer/consultant stock options down to $0.045 per share.
28 Nov 2012capital raising announcement▼ Bad
Lithium Corp raised $550,000 in a private placement, issuing 11 million units at $0.05 each - a fraction of the $1.00 unit price from its 2010 raise, reflecting how far the stock had fallen.
What it means for a shareholder
11.0m new shares at US$0.050 to raise about US$550,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held US$1,000 of shares (20,000 at the issue price), your slice goes from 0.0314% to 0.0268% of the company. To keep it you'd need 3,456 more shares - about US$173 at the issue price.
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13 Oct 2010capital raising announcement● Neutral
Lithium Corp granted 1.3 million stock options to directors, officers and consultants under its 2009 stock plan, exercisable at $0.24-$0.28 per share.
25 Mar 2010capital raising announcement▲ GoodMajor
Lithium Corp closed a $2 million private placement, selling 2 million units (one share plus a warrant each) at $1.00 per unit to three non-US investors.
