Past year: ▼ 75%(5.01c – 59.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Mar 2010business combination● Neutral
The amendment added Dome Ventures' own numbers to the document Metalline shareholders were voting on -- management's discussion and unaudited accounts for the quarter to 31 December 2009 -- so the target's finances could be read rather than assumed.
3 Feb 2010business combination● Neutral
Administrative follow-up filing attaching the Dome merger agreement, voting agreement, and a new 2010 stock option plan as exhibits that had not yet been formally filed.
29 Jan 2010merger communication▲ Good
Same content as the Jan 29, 2010 resource-estimate/merger disclosure, filed as a Rule 425 merger communication.
29 Jan 2010resource reserve update▲ GoodMajor
Filed a joint prospectus/proxy statement for the Dome merger that included a new NI 43-101 inferred resource estimate for Sierra Mojada, prepared to meet Canadian disclosure standards ahead of the combined company's planned dual US/Canadian listing.
29 Jan 2010business combination▲ GoodMajor
Filed the Form S-4 registration statement covering the shares to be issued to Dome Ventures' shareholders in the merger, along with the joint proxy statement/prospectus needed for both companies' shareholder votes.
11 Jan 2010business combination▲ Good
Dome Ventures closed its $13.01 million private placement, satisfying one of the key funding conditions needed to complete the Metalline-Dome merger.
24 Dec 2009capital raising announcement▲ GoodMajor
Metalline closed a $2.99 million private placement (6.5 million units at $0.46) - satisfying the exact funding condition its December 4, 2009 merger agreement with Dome Ventures required it to meet before the deal could close.
What it means for a shareholder
6.5m new shares at US$0.460 to raise about US$3.0m. That's 52% dilution: every existing holder's slice gets 52% smaller. If you held US$1,000 of shares (2,174 at the issue price), your slice goes from 0.0357% to 0.0173% of the company. To keep it you'd need 2,319 more shares - about US$1,067 at the issue price.
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4 Dec 2009material agreement▲ GoodMajor
Agreed to merge with Dome Ventures Corporation, a company with mineral properties in Gabon, Africa, issuing about 47.7 million shares to Dome's shareholders; the deal is contingent on Metalline raising $2.99 million and Dome raising $13.01 million by early 2010 - a lifeline transaction as the company faced a possible AMEX delisting.
4 Dec 2009merger communication▲ Good
Same-day Rule 425 filing of the Dome Ventures merger announcement, required because the transaction involves securities to be issued to Dome's shareholders.
22 Oct 2009capital raising announcement● Neutral
Metalline Mining collected $836,000 as investors exercised warrants for 2.44 million shares.
4 Aug 2009capital raising announcement● Neutral
Metalline Mining raised just over $1 million in two small private placements (850,040 and 3.22 million units at $0.25) as it worked to shore up its finances ahead of the NYSE Amex compliance deadline.
What it means for a shareholder
3.2m new shares at US$0.250 to raise about US$1.0m. That's 35% dilution: every existing holder's slice gets 35% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0657% to 0.043% of the company. To keep it you'd need 2,114 more shares - about US$529 at the issue price.
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6 May 2009listing compliance notice▼ BadMajor
NYSE Amex warned the company it no longer met minimum continued-listing standards due to inadequate stockholders' equity and sustained losses, giving it until June 2009 to submit a compliance plan or face delisting.
22 Oct 2008listing compliance notice▼ Bad
SILVER BULL RESOURCES, INC. withdrew a registration statement, abandoning the offering it covered.
31 July 2008resource reserve update▲ GoodMajor
A new resource model more than doubled the estimated zinc content at the Sierra Mojada project, prompting the company to shelve its underground mine plan and evaluate a much larger open-pit operation - potentially 5x the production rate - that could also capture silver by-product credits.
10 Sept 2007auditor change● Neutral
Amended the auditor-change disclosure to note that Williams & Webster's FY2005 audit report had flagged going-concern doubt - a flag that was no longer present in the FY2006 report, indicating the company's financial position had since improved.
5 Sept 2007auditor change● Neutral
Dismissed auditor Williams & Webster and engaged Hein & Associates as the new independent accounting firm, with no disagreements over the prior audits.
16 July 2007capital raising announcement● Neutral
Metalline Mining collected $2.05 million during 2007 as investors exercised warrants from its 2006 offering, issuing 1.64 million shares.
12 June 2007security holder rights change● NeutralMajor
Adopted a shareholder rights plan ('poison pill'): one purchase right per share that triggers if any person or group acquires 20% or more of the company without board approval, a standard anti-takeover defense set to run through 2017 if shareholders approve it.
12 Mar 2007capital raising announcement● Neutral
Metalline Mining raised $5.67 million in another private placement (2.41 million shares plus warrants at $2.42, expiring 2011).
What it means for a shareholder
2.4m new shares at about US$2.35 to raise about US$5.7m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held US$1,000 of shares (425 at the issue price), your slice goes from 0.00698% to 0.005% of the company. To keep it you'd need 168 more shares - about US$395 at the issue price.
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6 Nov 2006listing compliance notice▲ Good
Metalline Mining Company (the future Silver Bull Resources) began trading on the American Stock Exchange under ticker MMG, a liquidity upgrade for the zinc/silver explorer working its Sierra Mojada project in Coahuila, Mexico.
3 Nov 2006listing compliance notice▲ GoodMajor
the American Stock Exchange certified SILVER BULL RESOURCES, INC.'s securities for listing, clearing them to begin trading.
6 Mar 2006capital raising announcement▲ GoodMajor
Metalline Mining closed an $11.2 million private placement (13.95 million shares at $0.80 plus five-year warrants at $1.25) with 148 accredited investors, an offering that had been open since March 2005.
