Past year: ▲ 200%(0.02c – 0.06c USD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Nov 2024capital raising announcement● Neutral
The company sold 2,278,723 shares at $0.35 on September 27, 2024 to accredited investors, for gross proceeds stated as $797,500. This continues the company's small private share sales; it adds shares for existing holders. (Note: 2,278,723 x $0.35 is about $797,553, close to but not exactly the stated figure.)
26 Dec 2023capital raising announcement● Neutral
The company reports share sales to accredited investors between March 30 and December 4, 2023: 1,500,000 shares at $0.25 and 4,006,000 at $0.35 on August 18, 2023, and 3,341,000 at $0.35 on December 22, 2023. In total 8,847,000 shares raised gross proceeds of $2,946,450, which adds new shares for existing holders.
What it means for a shareholder
1.5m new shares at US$0.250 to raise about US$375,000. That's 0.51% dilution: every existing holder's slice gets 0.51% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.00137% to 0.00136% of the company. To keep it you'd need 20 more shares - about US$5 at the issue price.
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11 July 2017capital raising announcement● NeutralMajor
The company disclosed several share-based deals. It issued 400,000 restricted shares ($600,000) to Mr. Greising for a Zurich office lease deposit, with a rent-free 10-year sub-lease from SP Group AG. It bought a 20% stake in SP Group (Europe) AG from Christopher Grunder for 6,000 shares ($21,000), with a dividend agreement entitling it to 20% of that firm's annual dividend, which is to equal 100% of that firm's net profit. It also reported small private placements ($39,996 at $3.00 and $108,949 at $3.50 per share), the 1,250,000-share issuance for the mineral claims, and 10,000 shares issued to settle $35,000 of debt. Together these add new shares outstanding.
