Past year: ▲ 54%(21.09 – 35.43 USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2022capital raising announcement▲ Good
On 2022-02-04 the company and Brigham Minerals, LLC agreed to buy mineral and fee surface interests from Echo Minerals AC, LLC and Echo Minerals AC II, LLC. Expected consideration is $15,000,000 cash plus 800,000 new Class A shares, with closing expected in Q2 2022 and an effective date of 2021-12-01. This continues the pattern of paying for acquisitions partly in stock, as with the Rearden deal.
17 Dec 2021capital raising announcement▲ GoodMajor
The Rearden acquisition from Principle Energy and Regal Petroleum announced in November closed, with $43,082,583 cash and 2,180,128 Class A shares delivered to the sellers (slightly below the originally expected amounts, part of the shares held in escrow). The same filing records a Fourth Amendment raising the credit facility's borrowing base and commitments from $165.0 million to $230.0 million. A registration rights agreement lets the sellers resell their shares, with lock-up periods ending January 13 and March 15, 2022.
8 Nov 2021capital raising announcement▲ GoodMajor
On 2021-11-03 the company's subsidiary Rearden Minerals agreed to buy mineral and royalty interests from Principle Energy and Regal Petroleum (Regal Royalty). Expected consideration is $43,850,000 in cash plus 2,218,962 new Class A shares, with closing expected in Q4 2021 and an effective date of 2021-08-01. Issuing shares to the sellers would add to the share count; the sellers are restricted from selling them until January 13, 2022.
