Each one in plain English, with the numbers worked through for a shareholder.
31 Oct 2023capital raising announcement● Neutral
Silver Bull raised C$1.29 million in a private placement (11.685 million units at C$0.11), with directors and the chairman's affiliate buying C$231,000 of it, funding corporate costs while its ICSID arbitration against Mexico proceeds.
What it means for a shareholder
11.7m new shares at C$0.110 to raise about C$1.3m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held C$1,000 of shares (9,091 at the issue price), your slice goes from 0.0255% to 0.0192% of the company. To keep it you'd need 2,977 more shares - about C$327 at the issue price.
Arras Minerals Corp, the Silver Bull subsidiary formed to hold the Beskauga option, raised C$2.52 million in its own private placement (including C$207,500 from Silver Bull/Arras insiders) months before Silver Bull spun Arras off to its shareholders in August/September 2021.
Silver Bull raised $1.7 million in a private placement (3.62 million units at $0.47) with heavy insider participation (directors, the CFO, and the chairman's affiliate bought $390,100 of it), helping fund the exploration spending required to keep the new Beskauga option alive.
What it means for a shareholder
3.6m new shares at US$0.470 to raise about US$1.7m. That's 9.8% dilution: every existing holder's slice gets 9.8% smaller. If you held US$1,000 of shares (2,128 at the issue price), your slice goes from 0.00642% to 0.00578% of the company. To keep it you'd need 232 more shares - about US$109 at the issue price.
18 Aug 2020capital raising announcement▲ GoodMajor
Silver Bull optioned 100% of the Beskauga copper-gold property in Kazakhstan from Copperbelt AG and its subsidiary Dostyk LLP, paying $30,000 upfront with staged exploration-spending commitments up to $15 million over four years to keep the option alive - the real origin of what became the Arras Minerals spinoff a year later.
Silver Bull closed the second and final tranche of the July 2018 private placement, raising a further $957,522 (7.37 million units at $0.13) and bringing the combined raise to about $3.79 million.
What it means for a shareholder
7.4m new shares at US$0.130 to raise about US$957,522. That's 3.1% dilution: every existing holder's slice gets 3.1% smaller. If you held US$1,000 of shares (7,692 at the issue price), your slice goes from 0.00338% to 0.00328% of the company. To keep it you'd need 249 more shares - about US$32 at the issue price.
27 July 2018capital raising announcement▲ GoodMajor
Silver Bull raised $2.83 million in a private placement (21.78 million units at $0.13) around the same time it was finalizing its major South32 option deal, with a Sprott-managed fund taking 8.1 million units - more than a third of the raise.
What it means for a shareholder
21.8m new shares at US$0.130 to raise about US$2.8m. That's 9.6% dilution: every existing holder's slice gets 9.6% smaller. If you held US$1,000 of shares (7,692 at the issue price), your slice goes from 0.00374% to 0.00338% of the company. To keep it you'd need 814 more shares - about US$106 at the issue price.
Silver Bull raised CDN$1.46 million in a private placement (18.24 million units at CDN$0.08), with a Sprott Group entity again subscribing (2.5 million units).
What it means for a shareholder
18.2m new shares at C$0.080 to raise about C$1.5m. That's 9.3% dilution: every existing holder's slice gets 9.3% smaller. If you held C$1,000 of shares (12,500 at the issue price), your slice goes from 0.00703% to 0.00637% of the company. To keep it you'd need 1,282 more shares - about C$103 at the issue price.
Silver Bull raised CDN$651,000 in another private placement (4.34 million units at CDN$0.15), this time placed through Sprott Global Resource Investments - the start of Sprott's recurring role as both financier and placement agent.
What it means for a shareholder
4.3m new shares at C$0.150 to raise about C$651,000. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held C$1,000 of shares (6,667 at the issue price), your slice goes from 0.004% to 0.0039% of the company. To keep it you'd need 173 more shares - about C$26 at the issue price.
Silver Bull raised CDN$565,000 in a private placement (4.35 million units at CDN$0.13) to accredited non-US investors.
What it means for a shareholder
4.3m new shares at C$0.130 to raise about C$565,000. That's 2.7% dilution: every existing holder's slice gets 2.7% smaller. If you held C$1,000 of shares (7,692 at the issue price), your slice goes from 0.00484% to 0.00471% of the company. To keep it you'd need 210 more shares - about C$27 at the issue price.
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.
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.
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.
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.
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.
