29 Sept 2014securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Sept 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 95,142,487 shares (26.27% of votes) in a periodic institutional filing.
26 Sept 2014securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
24 Sept 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 94,300,487 shares (26.06% of votes) in a periodic institutional filing.
17 Sept 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 93,650,487 shares (25.88% of votes) in a periodic institutional filing.
5 Sept 2014securities registration● Neutral
Pershing Gold Corp. registered a securities offering with the SEC.
2 Sept 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 89,600,790 shares (24.76% of votes) in a periodic institutional filing.
29 Aug 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 89,350,790 shares (24.69% of votes) in a periodic institutional filing.
28 Aug 2014securities registration● Neutral
Pershing Gold Corp. registered a securities offering with the SEC.
26 Aug 2014securities registration● Neutral
Pershing Gold Corp. amended an already-effective registration statement.
20 Aug 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 89,130,790 shares (25.11% of votes) in a periodic institutional filing.
14 Aug 2014quarterly activities report▼ Bad
Pershing Gold Corp. reported a quarterly net loss of $3.8 million for the period ended 2014-06-30.
11 Aug 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 87,970,790 shares (24.78% of votes) in a periodic institutional filing.
7 Aug 2014securities registration● Neutral
Pershing Gold Corp. filed notice of an exempt private placement.
31 July 2014director interest notice● Neutral
Pershing Gold Corp. 10%+ owner Frost Gamma Investments Trust bought 617,647 shares on the open market.
31 July 2014director interest notice● Neutral
Pershing Gold Corp. insider Barry C Honig bought 1,441,175 shares on the open market.
30 July 2014capital raising announcement● NeutralMajor
On July 30, 2014 the company sold another 6,813,645 units on the same terms (a share plus a 0.4-share warrant at $0.45, expiring January 30, 2017) for about $2.3 million gross ($2.2 million net). Laidlaw & Co (UK) was placement agent. Resale registration may be required after September 12, 2014. This is a third closing of the July raise, bringing the July total to roughly $12.1 million gross.
What it means for a shareholder
6.8m new shares at about $1.78 to raise about $12.1m. That's 2.4% dilution: every existing holder's slice gets 2.4% smaller. If you held $1,000 of shares (563 at the issue price), your slice goes from 0.000201% to 0.000196% of the company. To keep it you'd need 14 more shares - about $25 at the issue price.
Create a free account to see this worked out for your own holding.
18 July 2014capital raising announcement● Neutral
On July 14, 2014 the company sold a further 2,461,760 units on the same terms as the July 2 deal (a share plus a 0.4-share warrant at $0.45) for about $0.8 million gross ($0.7 million net). This extends the July 2 private placement and adds modestly to dilution.
15 July 2014securities registration● Neutral
Pershing Gold Corp. filed notice of an exempt private placement.
11 July 2014director interest notice● Neutral
Pershing Gold Corp. insider Barry C Honig bought 397,333 shares on the open market at $0.33.
10 July 2014director interest notice● Neutral
Pershing Gold Corp. insider Barry C Honig bought 6,176,471 shares on the open market.
9 July 2014capital raising announcement● NeutralMajor
On July 2, 2014 the company sold 26,578,854 units, each a common share plus a warrant for 0.4 of a share at $0.45 (expiring January 2, 2017), to accredited investors for about $9.0 million gross ($8.2 million net). This adds shares and warrants, so existing holders are diluted, and the company must register the resale of these shares after August 15, 2014. It continues the company's pattern of regular equity raises.
13 June 2014director interest notice● Neutral
Stephen D. Alfers became a Pershing Gold Corp. CEO and President and company insider (initial ownership filing).
13 June 2014material agreement● Neutral
On June 11, 2014 the company and CEO Stephen Alfers agreed to push back vesting of 1,666,500 restricted shares (1,297,374 + 369,126) from June 18, 2014 to March 14, 2015. The shares that vest on June 18, 2015 are unchanged. This is another round in the pattern of moving the vesting dates of Alfers' stock awards.
15 May 2014quarterly activities report▼ Bad
Pershing Gold Corp. reported a quarterly net loss of $3.1 million for the period ended 2014-03-31.
5 May 2014securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
24 Apr 2014substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 77,628,494 shares (24.08% of votes) in a periodic institutional filing.
7 Apr 2014director interest notice● Neutral
Pershing Gold Corp. insider Barry C Honig bought 500,000 shares on the open market at $0.39.
4 Apr 2014director interest notice● Neutral
Pershing Gold Corp. insider Barry C Honig bought 275,000 shares on the open market at $0.39.
3 Apr 2014securities registration● Neutral
Pershing Gold Corp. amended a filing by which it registered a securities offering with the SEC.