On September 5, 2008 Tamm agreed that 1384482 Alberta Ltd. would buy the shares of 1132559 Alberta Ltd., and Tamm would issue one preferred share to 1384482 and 15,000,000 restricted common shares to 1132559's shareholders. 10,833,333 common shares and the preferred share were issued that day, and the remaining 4,166,667 common shares are to be issued on conversion of the preferred share. The shares are held in escrow until remaining conditions are met. This follows the May 2008 agreement tied to the share cancellation; the filing does not say what 1132559 owns, and the new shares dilute existing holders.
11 Aug 2008capital raising announcement▲ GoodMajor
Under a May 20, 2008 agreement with 1384482 Alberta Ltd., 1132559 Alberta Ltd. and certain 1132559 stockholders, former director Sean Dickenson returned 34,000,000 Tamm shares, which the transfer agent cancelled on August 6, 2008. Shares outstanding fell from 118,313,000 to 84,313,000. This is the share cancellation that was a condition of the earlier royalty deal, and it reduces the share count for existing holders.
This amends the DWOG share exchange report to add detail: on December 28, 2007 Tamm issued 21,533,000 restricted shares (14,289,276 to LB (Swiss) Private Bank, 2,597,509 to Arthur Sulzer, 4,646,215 to Rahn & Bodmer). No cash changed hands, so Tamm received no proceeds, only DWOG shares.
Tamm closed the second tranche of its private placement on December 20, 2007: 400,000 units at US$1.25 for $500,000, each with a warrant exercisable at US$1.75 until December 20, 2009. With the first tranche, that is $1,500,000 raised across 1,200,000 units.
What it means for a shareholder
400,000 new shares at US$1.25 to raise about US$500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
28 Nov 2007capital raising announcement▲ GoodMajor
Now named Tamm Oil and Gas, the company signed a November 7, 2007 letter agreement to acquire a royalty interest (Mikwec/Nearshore royalty agreement of December 12, 2003) from 1004731 Alberta Ltd. and Muzz Investments for 4,000,000 shares. Closing depends on a private placement of up to 2,600,000 units at $1.25, a 15:1 forward stock split, and the principal stockholder surrendering 34,000,000 shares for cancellation. It also closed the first tranche of that placement on November 23, 2007: 800,000 units at US$1.25 for $1,000,000, each with a warrant exercisable at US$1.75 until November 23, 2009.
The company, now with a Calgary address, closed a private placement on August 10, 2007 of 100,000 shares at US$1.00 each, raising $100,000 from a non-U.S. investor.
What it means for a shareholder
100,000 new shares at US$1.00 to raise about US$100,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
