20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 667,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP 10%+ owner E-ore Holdings LLC bought 14,040,000 shares on the open market.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 4,955,000 shares on the open market.
20 Jan 2011director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 883,000 shares on the open market.
19 Jan 2011capital raising announcement● NeutralMajor
On 18 January 2011 the company issued 32,070,000 units at $0.05 for $1,603,500 in total, each with a share and a warrant to buy another share at $0.10 for two years. The consideration included cash and settlement of debt: the 19,320,000-unit insider placement covered $936,000 of debt for $30,000 cash, and the foreign placement settled $12,500 of debt. Directors, officers and their associates took the 19,320,000-unit insider placement. This dilutes existing holders and continues the pattern of settling debts with equity.
15 Dec 2010quarterly 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.
9 Nov 2010capital raising announcement● Neutral
On 4 November 2010 the board approved a private placement of up to 20,000,000 units at $0.05 each to non-US persons. Each unit is one share plus one warrant to buy another share at $0.10 for one year. The filing says there is no assurance any of it will be completed, so nothing has been raised yet. It continues the company's pattern of small unit placements.
What it means for a shareholder
20.0m new shares at US$0.050 to raise about US$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Sept 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & PRESIDENT Kenneth Ian Matheson received a stock option grant for 1,200,000 shares.
24 Sept 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, TREASURER, SECRETARY Jason Steven Mitchell received a stock option grant for 1,200,000 shares.
24 Sept 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received a stock option grant for 1,200,000 shares.
14 Sept 2010quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $620 and a net loss of $460 thousand for the period ended 2010-10-31.
31 Aug 2010material agreement● NeutralMajor
On 25 August 2010 the company signed a loan agreement under which it advanced $600,000 to Golden Anvil, SA de CV so it could refurbish and relocate its mineral processing plant in Nayarit, Mexico. The loan carries no interest, matures 31 December 2011 and is to be secured by Golden Anvil's equipment and mineral claims. The filing says Golden Anvil's concentrates are processed at the company's Phoenix, Arizona facility, and that a memorandum of understanding for a joint venture is in final negotiation but not assured. If a joint venture is concluded the loan may be converted into a contribution to it.
10 Feb 2010securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
5 Feb 2010substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 65,100,000 shares (45.60% of votes) in a periodic institutional filing.
5 Feb 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 6,170,000 shares on the open market.
5 Feb 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 7,598,000 shares on the open market.
5 Feb 2010director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher bought 1,200,000 shares on the open market.
5 Feb 2010substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 72,931,000 shares (53.60% of votes) in a periodic institutional filing.
5 Feb 2010substantial holder notice● Neutral
E-ORE HOLDINGS, LLC reported a ROYAL MINES & MINERALS CORP shareholding of 43,000,000 shares (32.50% of votes) in a periodic institutional filing.
4 Feb 2010capital raising announcement● NeutralMajor
On 31 January 2010 the company sold 29,455,500 units at $0.05 each for $1,472,775 in three private placements (US $80,000; foreign $192,775; a Section 4(2) placement $1,200,000). Each unit has one share and one warrant to buy another share at $0.10 for two years, so existing holders are diluted. Each placement is only part of a larger approved offering ($300,000 US, $200,000 foreign, $1,500,000 Section 4(2)), and the filing says the remainder may not be completed.
What it means for a shareholder
29.5m new shares at US$0.050 to raise about US$1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
4 Feb 2010director interest notice● Neutral
E-ore Holdings LLC became a ROYAL MINES & MINERALS CORP 10%+ owner and company insider (initial ownership filing).
23 Dec 2009substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 21,100,000 shares (25.20% of votes) in a periodic institutional filing.
21 Dec 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received a stock option grant for 1,500,000 shares.
18 Dec 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 1,500,000 shares.
3 Sept 2009substantial holder notice● Neutral
E-ORE HOLDINGS, LLC disclosed a new substantial ROYAL MINES & MINERALS CORP shareholding (8.10% of votes).
2 Sept 2009substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 30,131,000 shares (31.50% of votes) in a periodic institutional filing.
2 Sept 2009substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 19,600,000 shares (21.20% of votes) in a periodic institutional filing.
28 Aug 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 800,000 shares on the open market.
28 Aug 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 875,000 shares on the open market.
28 Aug 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 4,000,000 shares on the open market.