31 July 2007director interest notice● Neutral
Donald Padgett became a Pacific Copper Corp. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 July 2007director interest notice● Neutral
Agosto Corp LTD. became a Pacific Copper Corp. 10%+ owner and company insider (initial ownership filing).
31 July 2007director interest notice● Neutral
Stafford Kelley became a Pacific Copper Corp. Secretary and company insider (initial ownership filing).
31 July 2007director interest notice● Neutral
Elden Schorn became a Pacific Copper Corp. director and company insider (initial ownership filing).
31 July 2007director interest notice● Neutral
Rakesh Malhotra became a Pacific Copper Corp. Chief Financial Officer and company insider (initial ownership filing).
31 July 2007director interest notice● Neutral
Brent Walter became a Pacific Copper Corp. director and company insider (initial ownership filing).
27 July 2007capital raising announcement▼ Bad
On June 1, 2007 Pacific Copper signed consulting agreements with Sweetwater Capital (24 months, $4,000 a month plus 1,000,000 restricted shares), and with Greatrek Trust and Scharfe Holdings (15 months each, 1,000,000 restricted shares each). The 3,000,000 shares were issued up front but are earned in four installments between December 2007 and September 2008, and unearned shares must be returned if an agreement ends early. This adds share dilution for existing holders.
25 Apr 2007material agreement● NeutralMajor
Pacific Copper signed agreements to buy two companies still to be formed, one holding Peruvian mineral claims (for 4,850,000 shares) and one holding Chilean claims (for 6,150,000 shares), with closing expected around June 11, 2007, and paid $25,000 toward each formation. The filing says the claims are at an early exploration stage and the company does not consider them significant to its business at this date; if the Chile deal closes, Harold Gardner would become a director and CEO/COO, and David Hackman and Eduardo Esteffan would join the board if the Peru deal closes.
25 Apr 2007securities registration● Neutral
Pacific Copper Corp. filed the final prospectus for a registered offering.
30 Mar 2007securities registration● Neutral
Pacific Copper Corp. filed the final prospectus for a registered offering.
22 Mar 2007capital raising announcement● Neutral
Pacific Copper sold 2,000,000 shares at $0.10 each in two private placements (March 9 and March 15, 2007), raising $200,000 gross from non-U.S. investors with no placement fees. The money is earmarked for exploration on its Mazama Claims and general working capital; the first batch of shares is subject to a staged lock-up.
What it means for a shareholder
2.0m new shares at $0.100 to raise about $200,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Mar 2007securities registration● Neutral
Pacific Copper Corp. filed the final prospectus for a registered offering.
31 Jan 2007securities registration● Neutral
Pacific Copper Corp. registered a small-business securities offering with the SEC.