Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2019drilling result▲ GoodMajor
Drilling into the Idaho Vein hit exceptionally high grades - 90.4 gpt gold over 4.27m, including a 458 gpt (13.4 oz/ton) sub-interval - among the best results yet at Idaho-Maryland, alongside further intercepts in the 52 Vein and a shallow near-surface zone.
or Yamana Gold Inc, or Meridian Jerritt Canyon Corp reported a Rise Gold Corp. shareholding of 41,324,586 shares (23.20% of votes) in a periodic institutional filing.
19 Feb 2019capital raising announcement▲ GoodMajor
Yamana Gold advanced a further C$1.0 million to Rise Gold via a six-month secured convertible debenture (12% interest) ahead of a new private placement targeting a minimum C$1.8 million - Yamana deepening its strategic position in the Idaho-Maryland project a few months after its initial investment.
or Yamana Gold Inc, or Meridian Jerritt Canyon Corp reported a Rise Gold Corp. shareholding of 41,250,000 shares (24.30% of votes) in a periodic institutional filing.
The first drill hole into Idaho-Maryland's '52 Vein' area returned a bonanza-grade 149.3 gpt gold over 6.8m, establishing it as a major new exploration target as drilling on the historic Idaho #1 Vein got underway.
Rise Gold closed the final C$750,000 tranche of its October offering, bought entirely by Southern Arc Minerals Inc. - completing the C$2.5 million raise split between Yamana Gold (C$1.75M) and Southern Arc (C$750K), two strategic mining investors now on the register.
19 Oct 2018capital raising announcement▲ GoodMajor
Yamana Gold Inc., a major Canadian gold producer, made a strategic C$1.75 million investment in Rise Gold through its subsidiary Meridian Jerritt Canyon Corp - buying 17.5 million units, gaining the right to nominate a board member and two advisory-committee members, participation rights to maintain up to 19.9% ownership, and a six-month right of first offer/refusal on any sale of an interest in the Idaho-Maryland Gold Project. The Company separately announced intent to raise a total of C$2.5 million in the same offering - the first major-producer validation of the project.
What it means for a shareholder
17.5m new shares at about C$0.1429 to raise about C$2.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held C$1,000 of shares (7,000 at the issue price), your slice goes from 0.00603% to 0.00524% of the company. To keep it you'd need 1,055 more shares - about C$151 at the issue price.