23 Nov 2011capital raising announcement▼ Bad
A private placement raised $300,000 at $0.15/share - back down to the price the company was selling stock at before its 2010 property deals, a sign the earlier re-rating hadn't held.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Apr 2010capital raising announcement▲ GoodMajor
A private placement raised $500,000 at $1.25/share - more than eight times the price of its placements two months earlier, a sign the stock had re-rated sharply higher after the two Nevada property deals.
12 Mar 2010capital raising announcement● Neutral
Another small private placement closed, raising $10,500 at the same $0.15/share price.
26 Jan 2010capital raising announcement● Neutral
The company closed a small private placement, raising $82,500 from two non-U.S. investors at $0.15/unit.