15 June 2022capital raising announcement▲ Good
Scandium International closed the third and final tranche (C$287,190), bringing the full private placement to C$3,402,290 -- comfortably above the original C$3 million target.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 June 2022capital raising announcement▲ GoodMajor
Scandium International closed the second tranche (C$1,029,850) and upsized its private placement -- from a C$3 million target to C$3,568,023 -- after strong investor demand. Interim CEO Peter Evensen and Chairman William Harris said the raise put the company in its best cash position in years with no debt, positioning it for the growing scandium-aluminum alloy market.
24 May 2022capital raising announcement▲ GoodMajor
After a roughly three-year gap in story-bearing filings, Scandium International closed the first tranche of a new private placement -- C$2,085,250 from 23.17 million units at C$0.09 -- with heavy insider participation: all four board members subscribed (two directly, two through Scandium Investments LLC, which itself put in US$500,000), a related-party transaction cleared under TSXV/MI 61-101 minority-protection rules. The raise was framed as backing a 'renewed focus' on Nyngan amid rising interest in scandium-aluminum alloys.
What it means for a shareholder
23.2m new shares at C$0.090 to raise about C$2.1m. That's 6.8% dilution: every existing holder's slice gets 6.8% smaller. If you held C$1,000 of shares (11,111 at the issue price), your slice goes from 0.0035% to 0.00326% of the company. To keep it you'd need 812 more shares - about C$73 at the issue price.
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24 May 2022capital raising announcement▲ Good
An apparent duplicate filing of the same-day first-tranche private placement announcement (C$2,085,250 raised, insider-heavy participation via board members and Scandium Investments LLC) -- identical filename and content to the other 2022-05-24 8-K, logged as a possible duplicate document_event rather than a distinct filing.
22 Mar 2019capital raising announcement▲ Good
Scandium International closed the private placement announced March 1, raising CAD$1,066,734 selling 5,926,301 shares at CAD$0.18 to ten investors.
What it means for a shareholder
5.9m new shares at C$0.180 to raise about C$1.1m. That's 1.9% dilution: every existing holder's slice gets 1.9% smaller. If you held C$1,000 of shares (5,556 at the issue price), your slice goes from 0.00182% to 0.00179% of the company. To keep it you'd need 108 more shares - about C$19 at the issue price.
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4 Mar 2019capital raising announcement● Neutral
Scandium International announced a private placement financing, closed and detailed three weeks later.
9 May 2018capital raising announcement▲ Good
Scandium International closed another CAD$1,092,940 private placement at CAD$0.18/share.
24 Apr 2018capital raising announcement▲ Good
Scandium International announced a further CAD$900,000 private placement (5,000,000 shares at CAD$0.18) to a single non-US investor.
What it means for a shareholder
5.0m new shares at C$0.180 to raise about C$900,000. That's 1.7% dilution: every existing holder's slice gets 1.7% smaller. If you held C$1,000 of shares (5,556 at the issue price), your slice goes from 0.00186% to 0.00183% of the company. To keep it you'd need 93 more shares - about C$17 at the issue price.
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23 Mar 2018capital raising announcement▲ Good
Scandium International raised CAD$1,031,250 selling 5,729,167 shares at CAD$0.18.
What it means for a shareholder
5.7m new shares at C$0.180 to raise about C$1.0m. That's 1.9% dilution: every existing holder's slice gets 1.9% smaller. If you held C$1,000 of shares (5,556 at the issue price), your slice goes from 0.0019% to 0.00186% of the company. To keep it you'd need 109 more shares - about C$20 at the issue price.
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5 Mar 2018capital raising announcement● Neutral
Scandium International announced the closing of a private placement financing without specifying its size in this filing (see the March 21 and May 4, 2018 filings for the actual tranches with figures).
4 Aug 2017capital raising announcement▲ Good
Scandium International closed the CAD$1,088,500 private placement announced two weeks earlier, at CAD$0.30/share.
21 July 2017capital raising announcement▲ Good
Scandium International announced a CAD$1,088,500 private placement -- at a notably higher share price than 2014-2015's raises, reflecting improved sentiment after the positive Nyngan feasibility study.
4 Sept 2015capital raising announcement● Neutral
Scandium International paid CAD$223,748 of accrued loan interest in shares and raised a further CAD$198,285 in a small private placement, both at CAD$0.10/share.
28 Aug 2014capital raising announcement▲ Good
A third tranche at CAD$0.085/share raised CAD$470,425, rounding out a summer 2014 financing push.
15 July 2014capital raising announcement▲ Good
A further CAD$394,505 raised at the same CAD$0.085 price.
2 July 2014capital raising announcement▲ Good
EMC Metals raised CAD$885,309 at CAD$0.085/share -- a notably higher price than the CAD$0.025 raises earlier in the year, suggesting improved sentiment after the Scandium Investments financing.
1 May 2014capital raising announcement▲ Good
A further CAD$103,054 raised at the same CAD$0.025 price -- continued thin financing during the scandium-focus transition.
31 Mar 2014capital raising announcement▲ Good
EMC Metals raised CAD$213,332 in a small private placement at CAD$0.025/share, reflecting a depressed share price as the company narrowed its focus to scandium.
19 Mar 2013capital raising announcement● NeutralMajor
EMC Metals raised $650,000 via convertible debentures (convertible at $0.05/share) secured against its Wolfram Jack Mining subsidiary and its Tordal and Hogtuva tungsten properties in Norway -- a third project region beyond Nevada and Australia. (A later 2014 filing references a February 2013 negotiated settlement of the Nyngan dispute with Jervois, resolving the 2012 litigation, though that settlement's own filing isn't among this pass's assigned rows.)
2 Aug 2012capital raising announcement▲ Good
EMC Metals raised $698,472 selling 11.7 million shares at $0.06 -- routine equity financing amid the ongoing Jervois litigation over Nyngan.
What it means for a shareholder
11.7m new shares at US$0.060 to raise about US$698,472. That's 7.2% dilution: every existing holder's slice gets 7.2% smaller. If you held US$1,000 of shares (16,667 at the issue price), your slice goes from 0.0111% to 0.0103% of the company. To keep it you'd need 1,294 more shares - about US$78 at the issue price.
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22 Feb 2012capital raising announcement▼ BadMajor
EMC Metals Corp. (later renamed Scandium International Mining Corp) borrowed $3 million secured against its Springer Mining subsidiary -- $2 million as a convertible debenture (convertible at $0.20/share) and $1 million as a promissory note, plus 3 million warrants to the lender -- a company funding multiple early-stage metal projects (tungsten, scandium) through debt rather than cash flow.