13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Lindsay Edward Gorrill bought 6,868,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Kelly Stopher bought 381,667 shares on the open market.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director Ron Nilson acquired 650,000 shares and disposed of 300,000 in a set of related equity transactions.
13 Oct 2016director interest notice● Neutral
Star Gold Corp. director David Segelov bought 600,000 shares on the open market.
11 Oct 2016director interest notice● Neutral
David Segelov became a Star Gold Corp. CEO and company insider (initial ownership filing).
12 Sept 2016quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $160 thousand for the period ended 2016-07-31.
29 July 2016late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
16 Mar 2016quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $80 thousand for the period ended 2016-01-31.
15 Dec 2015quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $121 thousand for the period ended 2015-10-31.
14 Oct 2015capital raising announcement● Neutral
Raised $421,400 at roughly $0.10/share; unusually, the warrants can be called early once the company obtains a Bureau of Land Management Record of Decision approving Longstreet's Environmental Impact Statement, tying this financing to the permitting process.
29 July 2015late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
18 Dec 2014farm in farm out agreement▼ Bad
Renegotiated the Longstreet option with MinQuest, pushing $650,000 of exploration spending due by January 2016 into later years in exchange for granting MinQuest more stock options — relief suggesting Star Gold was struggling to fund the schedule as originally written.
28 Aug 2014capital raising announcement● Neutral
Raised $371,312 from 9 investors, with warrants struck at $0.23 — well below the $0.50 warrants sold the year before, reflecting a weaker share price.
9 Oct 2013capital raising announcement▲ Good
Raised $1.1 million — its largest placement to date — selling 4.4 million shares and warrants to 14 investors.
What it means for a shareholder
4.4m new shares at about US$0.250 to raise about US$1.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0131% to 0.0114% of the company. To keep it you'd need 575 more shares - about US$144 at the issue price.
Create a free account to see this worked out for your own holding.
9 Oct 2013securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
30 July 2013late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
12 June 2013substantial holder notice● Neutral
Arena Offshore Investment Fund, Ltd disclosed a new substantial Star Gold Corp. shareholding (5.63% of votes).
23 May 2013capital raising announcement▲ Good
Investors exercised warrants from the February 2012 offering for $622,896, bringing shares outstanding to about 30.6 million.
25 Feb 2013capital raising announcement● Neutral
Extended the expiry of warrants from the February 2012 debenture financing by about two and a half months, to April 30, 2013.
28 Jan 2013securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
22 Jan 2013capital raising announcement▲ Good
Closed a $358,000 private placement of stock and warrants at $0.40/share, including an institutional investor, to fund working capital and the 2013 Longstreet drilling program.
31 July 2012late filing notice▼ Bad
Star Gold Corp. notified the SEC that its annual report would be filed late.
19 June 2012capital raising announcement▲ Good
Raised a further $250,000 through a second debenture tranche (5% notes, convertible this time at $0.30/share) to fund the company's summer 2012 drilling program.
7 May 2012securities registration● Neutral
Star Gold Corp. filed notice of an exempt private placement.
2 May 2012capital raising announcement● Neutral
The $900,000 raised via February's convertible debentures converted into 9 million common shares, retiring that debt in exchange for dilution.
16 Mar 2012quarterly activities report▼ Bad
Star Gold Corp. reported a quarterly net loss of $281 thousand for the period ended 2012-01-31.
27 Feb 2012director interest notice● Neutral
David Segelov became a Star Gold Corp. director and company insider (initial ownership filing).
27 Feb 2012director interest notice● Neutral
Kelly Stopher became a Star Gold Corp. CFO and company insider (initial ownership filing).
21 Feb 2012capital raising announcement▲ GoodMajor
Launched a $1.5 million convertible debenture program (5% notes converting at $0.10/share, plus warrants) to fund exploration, with $900,000 already placed by mid-February 2012.
19 Jan 2012financial restatement▼ BadMajor
Restated its FY2010 and Q1 FY2011 financial statements after finding it had been misapplying accounting rules for capitalizing lease and option payments on the Excalibur, Longstreet and Jet properties since 2008 — an accounting fix, not a change to the underlying assets.