Past year: ▼ 49%(18.0c – 37.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2011capital raising announcement● Neutral
On February 9, 2011 the company took subscriptions for another 2,192,222 units at US$0.45 (US$986,500 gross), bringing the total raised in this placement to US$12,402,745 from 27,561,656 units. Each unit is one share plus a half warrant at US$0.75 for 24 months; finders got US$608,940 in cash fees and 1,353,199 compensation warrants. This adds new shares and warrants for existing holders to absorb.
15 Nov 2010securities registration● Neutral
NextSource Materials Inc. filed the final prospectus for a registered offering.
15 Nov 2010quarterly activities report▼ Bad
NextSource Materials Inc. reported quarterly revenue of $0 and a net loss of $1.3 million for the period ended 2010-09-30.
10 Nov 2010securities registration● Neutral
NextSource Materials Inc. filed the final prospectus for a registered offering.
1 Nov 2010director interest notice● Neutral
Richard Quesnel became a NextSource Materials Inc. director and company insider (initial ownership filing).
28 Oct 2010securities registration● Neutral
NextSource Materials Inc. amended a filing by which it registered a securities offering with the SEC.
20 Oct 2010securities registration● Neutral
NextSource Materials Inc. amended a filing by which it registered a securities offering with the SEC.
19 July 2010securities registration● Neutral
NextSource Materials Inc. registered a securities offering with the SEC.
29 June 2010business combination● Neutral
This is a post-effective amendment to a stock option plan registration (Form S-8) that adds a resale prospectus so certain officers and directors can sell up to 9,245,000 of the 17,000,000 plan shares already registered. The company gets no sale proceeds except from option exercises. It shows the shares closed at $0.22 on June 22, 2010, that the company says its properties are in Québec and Madagascar, and that Virginia sold back its 25% so the company holds 100% of Sagar, with $6,832,279 spent there as of March 31, 2010. It is not a merger or business combination, despite the label.
17 June 2010substantial holder notice● Neutral
DUNDEE CORPORATION disclosed a new substantial NextSource Materials Inc. shareholding (20.42% of votes).
8 June 2010director interest notice● Neutral
Jacob Mckinnon became a NextSource Materials Inc. Operations Manager and company insider (initial ownership filing).
8 June 2010director interest notice● Neutral
Craig S Scherba became a NextSource Materials Inc. VP - Exploration and company insider (initial ownership filing).
8 June 2010director interest notice● Neutral
Peter D Liabotis became a NextSource Materials Inc. VP Finance and company insider (initial ownership filing).
19 Mar 2010capital raising announcement▲ GoodMajor
Now named Energizer Resources Inc. (formerly Uranium Star), the company closed a US$6,500,000 private placement on March 15, 2010: 21,666,667 units at US$0.30, each with a share and a warrant at US$0.50. Dundee Corporation and Consolidated Thompson Iron Mines took part and each gets pre-emptive rights and a board nominee right. Extra 'listing' and 'filing' rights could add up to 17,333,333 shares if the TSX Venture listing or resale registration is not completed by set dates. Proceeds are for the 2010 program at the Green Giant vanadium project in Madagascar, a project not mentioned in the prior context (an inference is that it relates to the Madagascar holdings).
What it means for a shareholder
21.7m new shares at US$0.300 to raise about US$6.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
17 Feb 2010director interest notice● Neutral
Brent Nykoliation became a NextSource Materials Inc. VP - Corporate Dev and company insider (initial ownership filing).
17 Feb 2010director interest notice● Neutral
Joseph Heng became a NextSource Materials Inc. Corporate Secretary and company insider (initial ownership filing).
10 Feb 2010substantial holder notice● Neutral
Goodman & and 1 other disclosed a new substantial NextSource Materials Inc. shareholding (4.77% of votes).
27 Jan 2010substantial holder notice● Neutral
Goodman & and 1 other disclosed a new substantial NextSource Materials Inc. shareholding (5.78% of votes).
3 Nov 2009director interest notice● Neutral
Peter Harder became a NextSource Materials Inc. director and company insider (initial ownership filing).
3 Nov 2009director interest notice● Neutral
Brian Tobin became a NextSource Materials Inc. company insider (initial ownership filing).
3 Nov 2009director interest notice● Neutral
Harrs Julie A Lee became a NextSource Materials Inc. President & COO and company insider (initial ownership filing).
27 Apr 2009capital raising announcement▼ Bad
On April 21, 2009 the board cut the exercise price to $0.15 on several insider warrant and option grants: 3,650,000 warrants (previously cut to $0.50 in April 2008), 515,000 options, 1,025,000 options, 2,570,000 options and 3,520,000 options. On April 24, 2009 the company also issued 1,600,000 shares to directors, officers and consultants as bonus compensation. Together these dilute existing shareholders, and the filing shows Richard Schler signing as President and CEO.
27 Jan 2009substantial holder notice● Neutral
Goodman & and 1 other disclosed a new substantial NextSource Materials Inc. shareholding (5.58% of votes).
9 Jan 2009substantial holder notice● Neutral
Sprott Asset Management Inc. disclosed a new substantial NextSource Materials Inc. shareholding (1.60% of votes).
19 Nov 2008director interest notice● Neutral
NextSource Materials Inc. director Elgin Mills Wolfe bought 144,550 shares on the open market.
5 Sept 2008substantial holder notice● Neutral
KERRY J. MCCULLAGH disclosed a new substantial NextSource Materials Inc. shareholding (7.90% of votes).
3 July 2008director interest notice● Neutral
NextSource Materials Inc. 10%+ owner Thornton J Donaldson gifted 5,400,000 shares.
24 June 2008director interest notice● Neutral
NextSource Materials Inc. President & CEO Kirk J A Mckinnon bought 145,000 shares on the open market at $0.13.
20 May 2008business combination● Neutral
Effective May 15, 2008 the company moved its legal home from Nevada to Minnesota by merging into a wholly owned Minnesota subsidiary of the same name. This carries out the re-incorporation shareholders had approved earlier, which the board had not acted on. The filing says management, business, assets and liabilities are unchanged, shares convert one-for-one, and the stock stays on the OTCBB as URST with the same CUSIP. The head office address is now Suite 520 at 141 Adelaide St. W.
8 May 2008director interest notice● Neutral
NextSource Materials Inc. insider Thornton J Donaldson sold 667,781 shares at $0.12.
