Past year: ▲ 0%(0.00c – 0.26c USD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Jan 2010capital raising announcement● Neutral
Bako agreed on January 21, 2010 to extend the CDN$70,000 Clisbako note a second time, from December 31, 2009 to February 15, 2010, for 10,000 more shares. The same filing says the directors approved an exploration program including drilling of the main targets on the Clisbako Property.
27 July 2009capital raising announcement● Neutral
Bako Resources agreed on July 23, 2009 to push back the due date of the CDN$70,000 note (part of the Clisbako purchase price) from June 30 to December 31, 2009. In return Pengram issued Bako 60,000 shares, so the note was not paid on its original date.
6 May 2009capital raising announcement● NeutralMajor
On April 30, 2009 Pengram issued 55 units of 10% convertible notes ($2,500 each, so $137,500 by arithmetic) due October 31, 2010, convertible at $0.05 per share, with warrants; this completes and closes the August 2008 note offering. It also approved a new placement of up to 3,000,000 units at $0.20 (up to $600,000) with one-year warrants at $0.30, to fund acquisition and exploration of mineral properties; completion is not assured. Conversion of the notes and the new placement could dilute existing shareholders.
3 Sept 2008capital raising announcement● Neutral
Pengram completed the $80,000 placement announced in April: 1,000,000 units at $0.08, each with a warrant to buy a share at $0.10 until August 26, 2010. It also approved a new offering of up to 200 units at $2,500 each (up to $500,000), each unit being a 10% convertible note plus 10,000 warrants at $0.25 for one year; completion is not assured. The filing is signed by Donaldson as President and CEO, consistent with the change of control.
15 Apr 2008capital raising announcement● Neutral
The board approved a private placement of up to 1,000,000 units at $0.08 each (up to $80,000 gross), each unit being one share plus a warrant to buy another share at $0.10 for two years. It is offered outside the US and the filing says there is no assurance it will be completed; new shares would dilute existing holders if it goes ahead.
What it means for a shareholder
1.0m new shares at US$0.080 to raise about US$80,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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