Past year: ▼ 45%(37.2c – 72.2c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Oct 2024capital raising announcement● NeutralMajor
Signed a $25M equity line with an institutional investor -- the company can sell stock at its own discretion at 95% of market price, with no obligation to draw on it -- giving it a standing, non-toxic source of growth capital.
30 Dec 2021capital raising announcement▼ BadMajor
Insiders reshuffled the cap table: founders Michael Levine and BCIM Management (Ron Tattum) cancelled 1.775M shares back to treasury, and the company then issued 6.005M new shares to its directors and an officer for a nominal $600.50 total -- a large, low-cost insider allocation that roughly doubled the outstanding share count.
14 Sept 2021capital raising announcement▼ BadMajor
Began raising up to $1M through 15%-interest convertible notes to accredited investors, convertible at $0.375/share or a 25% discount to a future qualified offering -- costly, dilutive terms typical of a cash-constrained small explorer.
