Past year: ▲ 17%(1.80c – 4.80c USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Oct 2014capital raising announcement▼ BadMajor
On September 22, 2014 the company issued 67,500,000 restricted shares to CEO Ken Liebscher when he converted 675,000 preferred shares. After this and a 1-for-30 reverse stock split on May 8, 2014, he holds 67,988,334 common shares, or 97.41% of the company, so other shareholders are left with about 2.6% and Liebscher has near-total control.
29 Oct 2010capital raising announcement● NeutralMajor
Lucky Boy Silver signed an equity financing agreement for up to $2,500,000 with Cardinal Capital Holdings, Limited, a British Virgin Islands investor. It received a first draw of $225,000 on October 28, 2010 for 346,154 restricted shares, and may draw up to $1,500,000 in total through October 19, 2011, with up to $1,000,000 more at $0.65 at the investor's discretion. For shareholders, this funds the company but means further new shares will be issued.
31 Dec 2009capital raising announcement● Neutral
Sierra Ventures sold 50,000 new shares at $0.40 each (about $20,000 by simple multiplication) to two offshore investors in a private placement effective December 29, 2009. This adds a small number of shares to the 8,900,000 outstanding at the time of the prior filing.
What it means for a shareholder
50,000 new shares at US$0.400 to raise about US$20,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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