Past year: ▲ 232%(1.30c – 14.6c USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Nov 2021capital raising announcement▲ Good
Raised about $297,000 as employees and directors, including CEO Arthur Halleran, exercised stock options and warrants and RSUs vested - more insider-driven financing at full price rather than a discounted placement.
27 Aug 2021capital raising announcement▲ GoodMajor
Warrant holders exercised roughly CAD$2.4 million of warrants at $0.12, including about CAD$343,000 by two company officers - a meaningful cash infusion with insiders buying alongside outside investors.
8 July 2021capital raising announcement● Neutral
Small placement and further debt settlements (about $141,000 combined) at $0.24-$0.32 per share.
28 Apr 2021capital raising announcement▲ Good
Settled a further $253,846 of debt in shares, again at $0.30, continuing the recovery in pricing.
26 Apr 2021capital raising announcement▲ Good
Settled $599,816 of debt for shares priced at $0.30 each - six times the price of the 2020 raises, the clearest sign yet that the stock had recovered off its 2020 lows.
12 Mar 2021capital raising announcement● Neutral
Raised roughly $716,000 combined across Canadian and U.S. private placements, settled $265,000 of debt in shares, and entered a new loan agreement - still priced near the depressed $0.05-0.06/unit levels.
20 Jan 2021capital raising announcement● Neutral
Two more small placements in December 2020 (about $23,000 and $122,000), priced only slightly higher at $0.0425-$0.0495/unit.
10 Sept 2020capital raising announcement▼ Bad
Raised roughly $165,000 more in a private placement, still around $0.046/unit - financing continues at 2020's depressed share price.
7 Aug 2020capital raising announcement▼ Bad
Raised roughly $133,000 more and converted $277,000 of debt into shares, both at the same depressed ~$0.04/unit price, alongside a partial conversion of the 2019 debentures.
25 June 2020capital raising announcement▼ Bad
Raised CAD$750,000 in a private placement priced at just $0.05/unit - a fraction of the $0.20-$0.30 levels seen in 2017-18 - and amended the terms of 2019's $163,000 convertible debentures, both signs of continued cash strain.
11 Sept 2018capital raising announcement● Neutral
Closed another small private placement (about 971,000 shares at $0.10) for working capital.
What it means for a shareholder
971,000 new shares at US$0.100 to raise about US$97,100. That's 1.3% dilution: every existing holder's slice gets 1.3% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.014% to 0.0138% of the company. To keep it you'd need 136 more shares - about US$14 at the issue price.
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26 June 2018capital raising announcement● Neutral
Closed a smaller private placement, 2 million shares at $0.10, continuing to raise working capital.
What it means for a shareholder
2.0m new shares at US$0.100 to raise about US$200,000. That's 2.8% dilution: every existing holder's slice gets 2.8% smaller. If you held US$1,000 of shares (10,000 at the issue price), your slice goes from 0.0146% to 0.0142% of the company. To keep it you'd need 292 more shares - about US$29 at the issue price.
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15 Mar 2018capital raising announcement● Neutral
Closed a private placement of 11.75 million shares to fund ongoing operations.
20 Jan 2017capital raising announcement▼ BadMajor
Park Place took on roughly $1.1 million in short-term, 10%-interest loans - including up to $580,000 from Parvez Tyab Family Trust, a holder of about 13.6% of its stock - to fund the closing of the Tiway acquisition.
