3 Mar 2014director interest notice● Neutral
RED METAL RESOURCES, LTD. Chief Financial Officer Dacosta Joao received a stock option grant for 300,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2013quarterly activities report● Neutral
RED METAL RESOURCES, LTD. reported a quarterly net income of $43 thousand for the period ended 2013-10-31.
18 Oct 2013securities registration● Neutral
RED METAL RESOURCES, LTD. filed the final prospectus for a registered offering.
11 Oct 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended a filing by which it registered a securities offering with the SEC.
4 Oct 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended a filing by which it registered a securities offering with the SEC.
19 Sept 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended a filing by which it registered a securities offering with the SEC.
16 Sept 2013quarterly activities report● Neutral
RED METAL RESOURCES, LTD. reported a quarterly net income of $43 thousand for the period ended 2013-10-31.
15 Aug 2013securities registration● Neutral
RED METAL RESOURCES, LTD. registered a securities offering with the SEC.
22 July 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended an already-effective registration statement.
17 June 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended an already-effective registration statement.
12 June 2013quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $151 thousand for the period ended 2013-07-31.
5 June 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended an already-effective registration statement.
20 May 2013securities registration● Neutral
RED METAL RESOURCES, LTD. amended an already-effective registration statement.
6 May 2013material agreement▲ GoodMajor
The Perth option with Geoactiva SpA, which was only a memorandum of understanding in February and had its due diligence extended in April, was signed on April 30, 2013. Geoactiva must pay US$1,000,000 in instalments and spend US$3,500,000 on exploration over 48 months; US$37,500 was paid at signing. The company keeps a 1.5% royalty if commercial production starts, which Geoactiva can buy out for set per-ounce amounts. The option ends if Geoactiva misses a payment. This resolves the open question of whether the Perth agreement would be signed.
12 Apr 2013material agreement● Neutral
The company's subsidiary extended Geoactiva's due diligence period on the Perth property by 30 days, to May 12, 2013. If Geoactiva has not signed the option agreement by then, its right to buy the concessions expires, so the February deal is still not final.
13 Mar 2013substantial holder notice● Neutral
Fladgate Exploration Consulting Corporation reported a RED METAL RESOURCES, LTD. shareholding of 830,087 shares (4.90% of votes) in a periodic institutional filing.
13 Mar 2013director interest notice● Neutral
RED METAL RESOURCES, LTD. CEO Jeffs Caitlin disposed of 500,000 shares via option/appreciation-right settlement.
14 Feb 2013material agreement▲ GoodMajor
The company's Chilean subsidiary signed a memorandum of understanding with Geoactiva Spa for Geoactiva to take an option on the company's 'Perth' mining concessions. If it goes ahead, Geoactiva would pay US$1,000,000 in instalments over four years and spend US$3,500,000 on exploration, while the company keeps a 1.5% royalty. Geoactiva gets a 60-day due diligence period with exclusivity, and the final option agreement has not yet been signed. This is the first sign the company is seeking to option out a property rather than spend on it.
7 Jan 2013director interest notice● Neutral
RED METAL RESOURCES, LTD. CEO and President Jeffs Caitlin bought 5,000 shares on the open market at $0.10.
14 Dec 2012quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $251 thousand for the period ended 2012-10-31.
14 Sept 2012quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $251 thousand for the period ended 2012-10-31.
14 June 2012quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported quarterly revenue of $8 thousand and a net loss of $297 thousand for the period ended 2012-04-30.
22 May 2012agm notice● Neutral
RED METAL RESOURCES, LTD. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
26 Apr 2012agm notice● Neutral
RED METAL RESOURCES, LTD. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
17 Apr 2012capital raising announcement● Neutral
The company sold 267,335 units at $0.45 each to two investors (Amir Vahabzadeh and Jonathan Davidson), raising $120,301. Each unit has one share and a two-year warrant at $0.65 per share, which dilutes existing holders slightly.
What it means for a shareholder
267,335 new shares at US$0.450 to raise about US$120,301. That's 1.5% dilution: every existing holder's slice gets 1.5% smaller. If you held US$1,000 of shares (2,222 at the issue price), your slice goes from 0.0126% to 0.0124% of the company. To keep it you'd need 34 more shares - about US$15 at the issue price.
Create a free account to see this worked out for your own holding.
18 Jan 2012director interest notice● Neutral
Jeffs Susan became a RED METAL RESOURCES, LTD. 10%+ owner and company insider (initial ownership filing).
19 Dec 2011securities registration● Neutral
RED METAL RESOURCES, LTD. filed the final prospectus for a registered offering.
15 Dec 2011quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $1.3 million for the period ended 2011-10-31.
14 Sept 2011securities registration● Neutral
RED METAL RESOURCES, LTD. filed the final prospectus for a registered offering.
14 Sept 2011quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $1.3 million for the period ended 2011-10-31.