23 Jan 2019securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2018listing compliance notice▼ BadMajor
ROYAL MINES & MINERALS CORP deregistered its securities, ending its obligation to file reports with the SEC.
9 July 2018director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Secretary and Treasurer Jason Steven Mitchell bought 10,000,000 shares on the open market at $0.00.
2 July 2018capital raising announcement● Neutral
On 13 June 2018 the company issued 1,200,000 units at $0.05 each for what the filing states as $20,000 in cash, each with a warrant to buy a share at $0.10 for two years. The filing's own numbers do not add up: 1,200,000 units at $0.05 would be $60,000, and the breakdown shows $20,000 for the US part and $40,000 for the foreign part. The company's address has changed to 1080 Wigwam Pkwy, Henderson NV. Another small placement in the long-running funding pattern.
27 June 2018securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
14 Sept 2017quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $164 thousand for the period ended 2017-07-31.
15 Mar 2017quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $174 thousand for the period ended 2017-01-31.
14 Feb 2017director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received a stock option grant for 500,000 shares.
7 Feb 2017director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 2,000,000 shares.
7 Feb 2017director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson received a stock option grant for 2,000,000 shares.
21 Dec 2016quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $174 thousand for the period ended 2017-01-31.
15 Dec 2016late filing notice▼ Bad
ROYAL MINES & MINERALS CORP notified the SEC that its quarterly report would be filed late.
9 Nov 2016securities registration● Neutral
ROYAL MINES & MINERALS CORP filed notice of an exempt private placement.
8 Nov 2016capital raising announcement● Neutral
On 31 October 2016 the company issued 1,340,000 units at $0.05 each for $67,000 in cash, each with a warrant to buy a share at $0.10 for two years. The filing's breakdown (200,000 US units and 1,400,000 foreign units) adds up to more than the stated total, so the figures are inconsistent. This is another small placement in the company's usual funding pattern.
4 Oct 2016substantial holder notice● Neutral
GREGG SEDUN, GJS CAPITAL CORP disclosed a new substantial ROYAL MINES & MINERALS CORP shareholding (6.20% of votes).
4 Oct 2016substantial holder notice● Neutral
GREGG SEDUN, GJS CAPITAL CORP disclosed a new substantial ROYAL MINES & MINERALS CORP shareholding (6.20% of votes).
28 Sept 2016capital raising announcement▼ BadMajor
On 23 September 2016 the company replaced its April 2014 loan and joint venture agreement with GJS Capital with an amended one. The $150,000 loan stays at 6% but is extended to 31 December 2016, and GJS can still convert it at $0.05 per unit. The company issued 15,065,570 shares to settle $329,000 of debt, and agreed to transfer 1,400,000 of its 1,600,000 Gainey Capital shares to GJS. It also agreed to pay consultant Gregg Sedun 20% of net cash proceeds from any sub-licensees or joint venture partners he introduces. The filing does not mention the 50/50 joint venture from the original agreement; it says only that the original agreement is replaced in its entirety. This extends the GJS thread, dilutes shareholders, and gives away most of the Gainey shares received in 2013.
14 Sept 2016quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $186 thousand for the period ended 2016-07-31.
14 Mar 2016quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $304 thousand for the period ended 2016-01-31.
4 Jan 2016director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received a stock option grant for 500,000 shares.
30 Dec 2015director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson received a stock option grant for 2,000,000 shares.
30 Dec 2015director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 2,000,000 shares.
15 Dec 2015quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $304 thousand for the period ended 2016-01-31.
18 Sept 2015auditor change● Neutral
On 5 August 2015 the board dismissed auditor De Joya Griffith and appointed RBSM as the new auditor. The filing says De Joya Griffith's reports for the years ended 30 April 2015 and 2014 carried no adverse opinion apart from the going-concern uncertainty, and that there were no disagreements. This replaces the auditor appointed in 2011, and the going-concern doubt noted in earlier filings is still present.
18 Sept 2015quarterly activities report▼ Bad
ROYAL MINES & MINERALS CORP reported quarterly revenue of $0 and a net loss of $178 thousand for the period ended 2015-10-31.
14 Sept 2015late filing notice▼ Bad
ROYAL MINES & MINERALS CORP notified the SEC that its quarterly report would be filed late.
30 July 2015late filing notice▼ Bad
ROYAL MINES & MINERALS CORP notified the SEC that its annual report would be filed late.
15 Apr 2015director interest notice● Neutral
ROYAL MINES & MINERALS CORP director Boyko Michael Christopher received a stock option grant for 500,000 shares.
13 Apr 2015director interest notice● Neutral
ROYAL MINES & MINERALS CORP CFO, Treasurer & Secretary Jason Steven Mitchell received a stock option grant for 2,000,000 shares.
13 Apr 2015director interest notice● Neutral
ROYAL MINES & MINERALS CORP CEO & President Kenneth Ian Matheson received a stock option grant for 2,000,000 shares.