19 Apr 2011capital raising announcement● Neutral
Metalline collected about $663,000 as investors exercised several tranches of warrants.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2011securities registration● Neutral
SILVER BULL RESOURCES, INC. registered a securities offering with the SEC using its shelf eligibility.
11 Mar 2011securities registration● Neutral
SILVER BULL RESOURCES, INC. registered a securities offering with the SEC using its shelf eligibility.
10 Mar 2011quarterly activities report▼ Bad
SILVER BULL RESOURCES, INC. reported a quarterly net loss of $1.6 million for the period ended 2011-01-31.
1 Feb 2011substantial holder notice● Neutral
LAZARUS INVESTMENT PARTNERS LLLP, LAZARUS MANAGEMENT COMPANY LLC, JUSTIN B. BORUS reported a SILVER BULL RESOURCES, INC. shareholding of 9,526,233 shares (9.00% of votes) in a periodic institutional filing.
24 Jan 2011substantial holder notice● Neutral
Sprott Asset Management LP reported a SILVER BULL RESOURCES, INC. shareholding of 5,912,185 shares (5.60% of votes) in a periodic institutional filing.
14 Sept 2010quarterly activities report▼ Bad
SILVER BULL RESOURCES, INC. reported a quarterly net loss of $4.5 million for the period ended 2010-07-31.
27 Aug 2010capital raising announcement▲ GoodMajor
Metalline Mining's stock began trading on the Toronto Stock Exchange (as "MMZ", alongside its existing NYSE Amex listing as "MMG"), a step toward the dual US/Canadian listing the post-Dome-merger company was pursuing, alongside a small $120,000 private placement.
18 June 2010director interest notice● Neutral
SILVER BULL RESOURCES, INC. director Robert K Kramer bought 7,500 shares on the open market at $0.60.
10 May 2010substantial holder notice● Neutral
Sprott Asset Management LP disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (6.80% of votes).
22 Apr 2010director interest notice● Neutral
Murray W. Hitzman became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).
22 Apr 2010director interest notice● Neutral
Brian D. Edgar became a SILVER BULL RESOURCES, INC. Executive Chairman and company insider (initial ownership filing).
21 Apr 2010director interest notice● Neutral
Duncan Hsia became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).
21 Apr 2010asset acquisition disposition▲ GoodMajor
Completed the merger with Dome Ventures Corporation, whose mineral properties are in Gabon, Africa: Dome shareholders received about $60.1 million worth of Metalline stock, the board expanded to seven members, and Dome's CEO Brian Edgar became Metalline's Executive Chairman.
10 Mar 2010securities registration● Neutral
SILVER BULL RESOURCES, INC. filed the final prospectus for a registered offering.
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.
16 Feb 2010substantial holder notice● Neutral
LAZARUS INVESTMENT PARTNERS LLLP, LAZARUS MANAGEMENT COMPANY LLC, JUSTIN B. BORUS reported a SILVER BULL RESOURCES, INC. shareholding of 3,251,677 shares (5.90% of votes) in a periodic institutional filing.
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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14 Dec 2009securities registration● Neutral
SILVER BULL RESOURCES, INC. filed notice of an exempt private placement.
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.
13 Nov 2009substantial holder notice● Neutral
LAZARUS INVESTMENT PARTNERS LLLP, LAZARUS MANAGEMENT COMPANY LLC, JUSTIN B. BORUS disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (7.40% of votes).
22 Oct 2009capital raising announcement● Neutral
Metalline Mining collected $836,000 as investors exercised warrants for 2.44 million shares.
5 Aug 2009director interest notice● Neutral
John Barrett became a SILVER BULL RESOURCES, INC. 10%+ owner and company insider (initial ownership filing).
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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