Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Aug 2006capital raising announcement● Neutral
True North raised another $650,000 from a single investor and separately extended (to December 31, 2006) the deadline to close its purchase of four Alaska leases first announced in May, since the state still had not issued them.
11 May 2006capital raising announcement▲ GoodMajor
Now renamed True North Energy, the company raised $1 million from a single investor (1.25 million shares plus warrants) to fund its new Alaska oil and gas strategy.
What it means for a shareholder
1.3m new shares at about US$0.800 to raise about US$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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