22 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 12,233 shares on the open market at $2.40.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 15,079 shares on the open market at $2.42.
18 Jan 2018securities registration● Neutral
Pershing Gold Corp. registered a securities offering with the SEC.
16 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 20,000 shares on the open market at $2.43.
8 Jan 2018material agreement● Neutral
On January 3, 2018 the company signed a standard indemnification agreement with director Pamela Saxton, covering legal costs and liabilities from acting as a director or officer. It carries no financial terms and is routine governance paperwork; the filing does not say why she is covered now (she may be a recent appointee, an inference).
8 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 5,000 shares on the open market at $2.51.
5 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 10,000 shares on the open market at $2.41.
4 Jan 2018securities registration● Neutral
Pershing Gold Corp. filed notice of an exempt private placement.
3 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Edward M Karr was credited 3,021 deferred share units under a company plan.
3 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 15,000 shares on the open market at $2.41.
3 Jan 2018director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig was credited 2,605 deferred share units under a company plan.
26 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 18,100 shares on the open market at $2.38.
22 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 35,000 shares on the open market at $2.31.
22 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 58,582 shares on the open market at $2.31.
21 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 64,000 shares on the open market at $2.36.
21 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 1,386,138 shares on the open market.
20 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 50,000 shares on the open market at $2.45.
19 Dec 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 28,500 shares on the open market at $2.54.
14 Dec 2017capital raising announcement▼ BadMajor
On December 11, 2017 the company agreed to a public offering of 2,430,000 shares plus warrants over 972,000 shares at $2.80 per share and associated warrant, with a 30-day option for more. At the same time it agreed to a private placement of 2,347,242 shares and warrants over 938,897 shares to existing holders including director Barry Honig, who takes 990,099 shares at $3.03; the private placement gross proceeds are about $6.8 million. Warrants are exercisable at $3.40 and expire December 19, 2019. More dilution, with insiders again participating.
What it means for a shareholder
972,000 new shares at $2.80 to raise about $2.7m. That's 3.3% dilution: every existing holder's slice gets 3.3% smaller. If you held $1,000 of shares (357 at the issue price), your slice goes from 0.00126% to 0.00122% of the company. To keep it you'd need 12 more shares - about $34 at the issue price.
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13 Dec 2017securities registration● Neutral
Pershing Gold Corp. filed a free-writing prospectus - marketing material for an offering in progress.
13 Dec 2017securities registration● Neutral
Pershing Gold Corp. filed a prospectus supplement for an offering off its existing shelf.
12 Dec 2017securities registration● Neutral
Pershing Gold Corp. filed a free-writing prospectus - marketing material for an offering in progress.
12 Dec 2017securities registration● Neutral
Pershing Gold Corp. filed a prospectus supplement for an offering off its existing shelf.
12 Dec 2017securities registration● Neutral
Pershing Gold Corp. filed a free-writing prospectus - marketing material for an offering in progress.
28 Nov 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 5,000 shares on the open market at $2.80.
28 Nov 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 65,000 shares on the open market at $2.72.
24 Nov 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 12,500 shares on the open market at $2.82.
22 Nov 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 4,900 shares on the open market at $2.81.
13 Nov 2017quarterly activities report▼ Bad
Pershing Gold Corp. reported quarterly revenue of $0 and a net loss of $2.5 million for the period ended 2017-09-30.
13 Nov 2017director interest notice● Neutral
Pershing Gold Corp. director Barry C Honig bought 50,000 shares on the open market.