Past year: ▼ 29%(94.0c – 1.48 USD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Apr 2006capital raising announcement● Neutral
Amendment No. 3 sets the March placement at 7,245,000 units and $7,245,000 to 134 investors, with the offshore tranche at 4,490,000 units from 110 investors and 3,622,000 warrants stated. Commissions stay at $88,660 cash plus 185,750 units. The U.S. tranche still shows 2,755,000 units against $2,745,000 proceeds, so some inconsistency remains. It is the latest correction of the same March raise, not new money.
4 Apr 2006capital raising announcement● Neutral
Amendment No. 2 changes the March placement total to 7,250,000 units and $7,250,000 (3,625,000 warrants), with the offshore tranche now 4,495,000 units. Cash commissions are restated to $88,660 plus 185,750 units. The U.S. tranche still shows 2,755,000 units but $2,745,000 proceeds, so the filing is internally inconsistent. It is a further correction of the earlier figures.
20 Mar 2006capital raising announcement● Neutral
Amendment No. 1 to the March placement report corrects the U.S. tranche proceeds from $453,000 to $2,745,000 and raises the stated cash commissions from $73,659.98 to $788,660 (plus 178,750 units). Totals are unchanged at 7,140,000 units, $7,140,000 and 3,570,000 warrants. This fixes errors in the original filing rather than adding a new raise.
7 Mar 2006capital raising announcement▲ GoodMajor
The company reported a March 3, 2006 private placement of 7,140,000 units at $1.00 each to 134 investors, for gross proceeds of $7,140,000. Each unit has one share and half a warrant (3,570,000 warrants), exercisable at $1.75 until March 3, 2007 and $2.50 until March 3, 2008. Commissions are 7 1/2% on part of the funds, and the filing states $73,659.98 cash plus 178,750 units paid. This is far larger and at a much higher price than the $0.40 raise in late 2005. The filing contradicts itself: it lists 2,745,000 units but only $453,000 proceeds for the U.S. tranche, which is likely an error corrected in later amendments (inference).
What it means for a shareholder
7.1m new shares at $1.00 to raise about $7.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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21 Feb 2006material agreement● NeutralMajor
The company signed a letter agreement to joint venture its eight Mongolian uranium projects with Bluerock Resources. Bluerock can earn 55% through cash payments and Bluerock shares (including $5,000 on signing, $30,000 plus 150,000 shares by March 31, 2006, and payments through 2009 totalling $205,000 in cash) and $3,000,000 of expenditures over 2006-2009; the company would keep 45% with a right to earn back 6% for $300,000. This moves the Mongolian licences built up in 2005 into a partnership.
15 Dec 2005material agreement▲ GoodMajor
The company signed an option and purchase agreement with Excalibur Industries for six Powder River Basin properties made up of 44 unpatented lode claims. It can take up to three years to spend the required development money and then gets 100% of the claims; it can terminate at any time during the option, and a royalty and an advance royalty are owed to Excalibur (amounts not given). It plans a feasibility study and preliminary permitting work from 2006, after a 30-day data review.
23 Nov 2005material agreement● Neutral
The company agreed to buy ten contiguous federal mining claims (about 200 acres) in Wyoming's Powder River Basin from an arm's-length private party, for $250,000 paid in three instalments over 14 months. It adds to claims it already holds in that area.
21 Nov 2005capital raising announcement▲ Good
A small follow-on to the October raise: two investors bought 175,000 units at $0.40 for $70,000, with 87,500 warrants at $0.60 exercisable until November 17, 2006, and a 6% commission.
What it means for a shareholder
175,000 new shares at $0.400 to raise about $70,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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8 Nov 2005material agreement▲ GoodMajor
The company signed an option and joint venture with Triex Minerals on its two Saskatchewan Athabasca Basin properties (bought from Ubex in April). Triex can earn 60% of the Cochrane River property by paying $75,000 and spending $1,500,000 by May 1, 2008, and a further 10% by spending $1,500,000 more by November 1, 2009. The Ubex agreement was amended so the company can buy half of the 2% royalty for $1,000,000.
4 Nov 2005material agreement● Neutral
The company signed investor-relations contracts: Highlands Capital for one year at US$5,000 a month plus 200,000 shares, and Accent Marketing (Germany) for three months at $6,000 a month plus 100,000 restricted shares. These are ongoing costs and further share issuances.
18 Oct 2005capital raising announcement▲ GoodMajor
The company raised $2,098,000 selling 5,245,000 units at $0.40 to 81 investors. Each unit has one share and half a warrant, giving 2,622,500 warrants exercisable at $0.60 until October 17, 2006; a 6% commission is paid on part of the funds. This is a much larger raise, at a higher price, than the April $0.10 placement, and the warrants could add shares later.
What it means for a shareholder
5.2m new shares at $0.400 to raise about $2.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Oct 2005material agreement● NeutralMajor
The company updated its holdings: seven Mongolian licences (about 268,724 hectares), eight in total including Khavtsal, and 31 Wyoming state lease parcels totalling 14,200 acres. It also staked 140 federal mining claims (43 in the Red Desert, 97 in the Powder River Basin), and says it has no detailed geology on the claims or leases.
4 Oct 2005material agreement termination● NeutralMajor
The company reported six Mongolian exploration licences (about 266,166 hectares) and Wyoming state mineral leases on 30 parcels (13,560 acres), with one more 640-acre application pending. It also let its 14 Mint claims on the Burner Hills property in Elko County, Nevada lapse, saying the property no longer met its criteria. This expands the Mongolia thread begun in June and shows the company adding Wyoming holdings, with the leases still partly held in names of Catchpole, Hartman or Carleton Ventures.
9 Sept 2005capital raising announcement● Neutral
Now named Uranerz Energy Corporation, the company issued 3,775,000 restricted shares at $0.001 each ($3,775 total) to ten officers, directors and advisory board members as compensation for their roles. This adds shares for insiders at a very low price.
8 June 2005material agreement● NeutralMajor
President Glenn Catchpole bought a 100% interest in the Khavtsal exploration licence in Mongolia (16,091 hectares) for $105,945, with no further payments or work commitments after closing. The licence is held in his name because the company had no Mongolian subsidiary yet; the filing says he is intended to transfer it to a subsidiary to be formed.
18 May 2005material agreement● NeutralMajor
The company agreed to buy 100% of two mineral exploration properties in the Athabasca Basin, Northern Saskatchewan, for CDN $40,756.95 cash. The seller, Ubex Capital, is wholly owned by director Dennis Higgs and keeps a 2% royalty, split with Darcy Higgs, a greater-than-5% shareholder, so this is a related-party deal. This follows the April placement and begins the company's mineral property holdings.
21 Apr 2005capital raising announcement▲ Good
Carleton Ventures completed the private placement announced in March: 6,959,500 shares at $0.10 for $695,950 from 21 investors, below the 8,000,000-share maximum. Of these, 2,704,500 shares ($270,450) went to directors, an officer and a greater-than-10% shareholder, including CEO Glenn Catchpole (50,000 shares) and director Dennis Higgs (1,049,500 shares).
What it means for a shareholder
7.0m new shares at $0.100 to raise about $695,950. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Mar 2005capital raising announcement● Neutral
The company, then filing as Carleton Ventures Corp., said its board approved a private placement of up to 8,000,000 shares at US$0.10 per share. Proceeds were proposed for buying mineral property interests and general purposes; the filing says no property has been targeted and there is no assurance the financing will close.
What it means for a shareholder
8.0m new shares at US$0.100 to raise about US$800,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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