26 July 2013agm notice● Neutral
ROYAL MINES & MINERALS CORP 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).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 July 2013agm notice● Neutral
ROYAL MINES & MINERALS CORP 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).
18 Mar 2013quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $356 thousand for the period ended 2013-01-31.
17 Dec 2012quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $356 thousand for the period ended 2013-01-31.
4 Dec 2012securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
14 Sept 2012quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $306 thousand for the period ended 2012-10-31.
20 June 2012material agreement● NeutralMajor
On 14 June 2012 the company agreed with Phoenix PMX LLC that it would provide up to $600,000, in $100,000 monthly tranches from 20 June 2012, to set up pilot plants in Scottsdale and Phoenix using the company's Cholla Process for recovering gold from fly ash. Each tranche is a note payable after 180 days at 8% interest and convertible into units at $0.05 in the first three months. Phoenix PMX gets 80% of after-royalty gold sale proceeds until it recovers its advances, then 60%. It also gets the right to provide $5,000,000 for a full-scale plant if the pilot reaches commercial operation, and a first right on future plants needing up to $10,000,000 for 36 months. Shareholders would share gold revenue with this funder.
14 Mar 2012quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $5 thousand and a net loss of $469 thousand for the period ended 2012-01-31.
1 Feb 2012capital raising announcement● NeutralMajor
Late January 2012 brought several moves: 350,000 option shares were issued under the 2007 Clark County claims option agreements (5th anniversary payment); 2,742,789 foreign units ($137,139) and 9,000,000 insider-linked units ($450,000) were sold at $0.05 with $0.10 two-year warrants; and 640,000 shares were issued to consultant James Mack for services. The company also cancelled 18,000,000 warrants held by E-Ore Holdings LLC by agreement, and extended expiry of its outstanding 2009 and 2010 $0.10 warrants to February and January 2013. A four-week, $10,000 consulting agreement with Alvin Snaper covers moving the Cholla Project from bench scale to a 1,000 lb per hour plant in Scottsdale and Phoenix.
18 Jan 2012director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson sold 100,000 shares at $0.00.
15 Dec 2011quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $5 thousand and a net loss of $469 thousand for the period ended 2012-01-31.
19 Sept 2011securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
14 Sept 2011quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $9 thousand and a net loss of $424 thousand for the period ended 2011-10-31.
27 July 2011securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
15 July 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP 10%+ owner E-ore Holdings LLC bought 560,000 shares on the open market.
15 July 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 5,666,640 shares on the open market.
15 July 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 417,360 shares on the open market.
15 July 2011capital raising announcement● NeutralMajor
On 13 July 2011 the company issued 23,020,000 units at $0.05 for $1,151,000 in total, each with a share and a warrant to buy another share at $0.10 for two years. In the US placement, 21,700,000 units were issued for $500,000 cash and $585,000 of debt settlement; 1,320,000 units went to corporations owned by insiders or their associates to settle $66,000 of debt. This dilutes existing holders and continues the debt-for-equity pattern.
21 June 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson sold 400,000 shares at $0.00.
3 May 2011auditor change● Neutral
On 2 May 2011 the company dismissed its auditor Sarna & Company and appointed De Joya Griffith & Company, LLC. Sarna's reports for the years ended 30 April 2010 and 2009 had no adverse opinion but did include a going-concern uncertainty statement. The filing states there were no disagreements. The going-concern doubt noted earlier remains an open thread.
30 Mar 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received 900,000 shares as part of the equity award.
28 Mar 2011securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
17 Mar 2011quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $4 thousand and a net loss of $480 thousand for the period ended 2011-01-31.
24 Jan 2011securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
21 Jan 2011substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 99,571,000 shares (51.90% of votes) in a periodic institutional filing.
21 Jan 2011substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 87,340,000 shares (46.40% of votes) in a periodic institutional filing.
21 Jan 2011substantial holder notice● Neutral
E-ORE HOLDINGS, LLC reported a ROYAL MINES & MINERALS CORP shareholding of 61,040,000 shares (34.70% of votes) in a periodic institutional filing.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher bought 1,000,000 shares on the open market.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 9,355,000 shares on the open market.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP 10%+ owner E-ore Holdings LLC bought 4,000,000 shares on the open market.