Past year: ▲ 294%(3.30c – 18.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2007debt financing● Neutral
The company sold another $50,000 of debentures on June 27, 2007 (total $595,000) and lent that to Holdings on the same terms. It also now plans to price the future unit offering at $1 instead of $0.50, with warrants at $1.50 instead of $0.75, still targeting $3.1 million.
25 June 2007debt financing● NeutralMajor
Now named Cromwell Uranium Corp. (formerly Arbutus Resources), the company sold $545,000 of 9% convertible debentures on June 22, 2007 and lent the money to Cromwell Uranium Holdings, Inc. while negotiating a merger with it. The loan is secured by Holdings' stock, and a later private placement of units (up to $3.1 million including the debentures) is planned if the merger closes.
12 June 2007capital raising announcement● Neutral
On May 29, 2007 the company (then called Arbutus Resources, Inc.) issued 1,000,000 shares each to its two officers, Karen Law and Lyle Smith, in exchange for their services; they had served without pay since the company began on April 19, 2004. This adds 2,000,000 shares to the share count.
30 May 2006securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
30 May 2006securities registration● Neutral
MV Portfolios, Inc. registered a small-business securities offering with the SEC.
