28 Aug 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell bought 875,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2009securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
24 Aug 2009capital raising announcement● Neutral
On 18 August 2009 the company issued 3,500,000 units (a share plus a warrant at $0.20 for two years) to settle $350,000 owed to an investor, an LLC whose two managing members are directors and officers of the company. This is a further debt-for-equity swap, following the July one, with a related party.
17 Aug 2009capital raising announcement● Neutral
On 14 August 2009 the company hired Mirador Consulting for six months, to February 14, 2010, to help seek equity financing and provide investor relations. It pays $6,700 for the first month and $4,000 monthly after, and Mirador buys 3,000,000 shares for $3,000 in total, half delivered at signing and half by 15 November 2009 if the agreement is still in force.
28 July 2009substantial holder notice● Neutral
HAROLD C. MOLL reported a ROYAL MINES & MINERALS CORP shareholding of 8,750,000 shares (11.30% of votes) in a periodic institutional filing.
27 July 2009director interest notice● Neutral
Harold C Moll became a ROYAL MINES & MINERALS CORP 10%+ owner and company insider (initial ownership filing).
22 July 2009capital raising announcement● Neutral
On 16 July 2009 the company issued 2,500,000 units (one share plus a warrant at $0.10 for two years) to settle debts: 500,000 units for $25,000 owed to a director and 2,000,000 units for $100,000 owed to an existing shareholder. Debt is reduced in exchange for new shares, which dilutes existing holders.
21 July 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher bought 1,000,000 shares on the open market.
7 Apr 2009director interest notice● Neutral
Boyko Michael Christopher became a ROYAL MINES & MINERALS CORP director and company insider (initial ownership filing).
26 Mar 2009substantial holder notice● Neutral
HAROLD C. MOLL reported a ROYAL MINES & MINERALS CORP shareholding of 4,750,000 shares (6.50% of votes) in a periodic institutional filing.
26 Mar 2009material agreement▲ GoodMajor
On 24 March 2009 the company licensed its thiourea technology to Greene Lyon Group, LLC for five years, exclusive for extracting precious metals from recycled electronic scrap in North America. GLG pays the greater of $5,000 a year or 2% of the value of metals recovered. This is the first licensing of the technology acquired in the Royal Mines deal.
11 Mar 2009substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 23,131,000 shares (31.80% of votes) in a periodic institutional filing.
11 Mar 2009substantial holder notice● Neutral
JASON S. MITCHELL reported a ROYAL MINES & MINERALS CORP shareholding of 12,600,000 shares (17.30% of votes) in a periodic institutional filing.
6 Mar 2009securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
27 Feb 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson bought 16,800,000 shares on the open market.
27 Jan 2009substantial holder notice● Neutral
JASON S. MITCHELL disclosed a new substantial ROYAL MINES & MINERALS CORP shareholding (7.40% of votes).
27 Jan 2009substantial holder notice● Neutral
K. IAN MATHESON reported a ROYAL MINES & MINERALS CORP shareholding of 6,331,000 shares (13.30% of votes) in a periodic institutional filing.
21 Jan 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson received a stock option grant for 900,000 shares.
21 Jan 2009director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 1,200,000 shares.
5 Sept 2008capital raising announcement▲ Good
The company sold 200,000 units at $0.50 each for $100,000 in a private placement completed 3 September 2008. Each unit has one share and a half warrant exercisable at $0.75 until 2 September 2010. This is a small raise to a non-US investor, far below the 15,000,000 units planned in 2007.
What it means for a shareholder
200,000 new shares at US$0.500 to raise about US$100,000. 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.
30 July 2008late filing notice▼ Bad
ROYAL MINES & MINERALS CORP notified the SEC that its annual report would be filed late.
21 July 2008director interest notice● Neutral
Logan Anderson became a ROYAL MINES & MINERALS CORP VICE PRESIDENT - FINANCE and company insider (initial ownership filing).
6 Feb 2008director interest notice● Neutral
Jason Steven Mitchell became a ROYAL MINES & MINERALS CORP Treasurer & CFO and company insider (initial ownership filing).
5 Feb 2008director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO, President & Secretary Tao William Charles received a stock option grant for 1,500,000 shares.
17 Oct 2007auditor change● Neutral
The company amended its October 12 report to add the former auditor's letter. Telford Sadovnick resigned on 9 October 2007 because it had withdrawn its registration with the PCAOB, and Sarna & Company was engaged on 6 October. Telford's earlier reports carried a going-concern uncertainty statement, with no disagreements reported.
12 Oct 2007business combination▲ GoodMajor
The Royal Mines acquisition closed on 5 October 2007, with a second merger on 6 October renaming the company Royal Mines And Minerals Corp. It issued 32,183,326 shares to Royal Mines holders (about 69.7% of the company), Epp's 23,500,000 shares were cancelled for $23,500, and the company gained the Piute Valley Lakebed Claims, the leaching technology and a planned (not yet formalised) 51/49 Iron King tailings venture with Iron King Reclamation LLC. This completes the merger announced in September.
5 Oct 2007director interest notice● Neutral
Kenneth Ian Matheson became a ROYAL MINES & MINERALS CORP 10%+ owner and company insider (initial ownership filing).
5 Oct 2007director interest notice● Neutral
Tao William Charles became a ROYAL MINES & MINERALS CORP President/Secretary/Treasurer and company insider (initial ownership filing).
5 Oct 2007director interest notice● Neutral
ROYAL MINES & MINERALS CORP insider Kevin B Epp disposed of 23,500,000 shares via option/appreciation-right settlement.
28 Sept 2007business combination● NeutralMajor
The company confirmed the merger agreement with Royal Mines Inc., a private Nevada exploration company with an interest in 25 mineral claims south of Searchlight, Nevada and a thiourea ore-leaching technology. It also said it plans a second merger to change its name to Royal Mines And Minerals Corp. The board also amended two planned private placements (US and foreign) to 7,500,000 units each, with half a warrant at $1.25 per share; no units had been sold yet and completion is not assured.