16 Jan 2026capital raising announcement● Neutral
Granted 1,350,000 stock options at CA$0.90.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2025capital raising announcement▲ GoodMajor
Completed an underwritten private placement of 6,555,556 units at Cdn$0.90 for gross proceeds of about CAD$5.9 million -- its largest raise in years -- with A.G.P. Canada Investments as underwriter.
What it means for a shareholder
6.6m new shares at C$0.900 to raise about C$5.9m. That's 9.1% dilution: every existing holder's slice gets 9.1% smaller. If you held C$1,000 of shares (1,111 at the issue price), your slice goes from 0.0017% to 0.00155% of the company. To keep it you'd need 112 more shares - about C$101 at the issue price.
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27 Nov 2024capital raising announcement● Neutral
Granted 1,375,000 stock options at Cdn$1.32.
22 Dec 2023capital raising announcement● Neutral
Granted 1,525,000 stock options at Cdn$1.60, priced off the most recent private placement.
3 Nov 2022capital raising announcement● Neutral
Granted 1,665,000 stock options to officers, directors and employees at Cdn$1.60.
15 Feb 2022capital raising announcement● Neutral
Granted 900,000 stock options to officers, directors and employees at Cdn$1.76.
28 Dec 2021capital raising announcement● Neutral
Closed a modest private placement of 372,966 units for CAD$596,746 at Cdn$1.60 per unit.
What it means for a shareholder
372,966 new shares at C$1.60 to raise about C$596,746. That's 0.956% dilution: every existing holder's slice gets 0.956% smaller. If you held C$1,000 of shares (625 at the issue price), your slice goes from 0.00162% to 0.0016% of the company. To keep it you'd need 6 more shares - about C$10 at the issue price.
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21 Apr 2020capital raising announcement▼ Bad
Extended by nine months the expiry of 2.67 million warrants from its 2018 private placements (none had been exercised) and eased the price-acceleration trigger -- the warrants were still underwater two years on.
9 Jan 2020capital raising announcement● Neutral
Granted 600,000 stock options to officers, directors and consultants at Cdn$1.03 -- routine compensation, not a capital raise.
10 Aug 2018capital raising announcement▼ BadMajor
Raised CAD$3.0 million across two tranches of a private placement at just Cdn$0.68 per unit -- roughly a third of the 2017 raise price, reflecting a deeply depressed uranium market.
31 Mar 2017capital raising announcement● Neutral
Closed a further private placement of 634,424 units for US$835,805 at Cdn$1.75 per unit.
What it means for a shareholder
634,424 new shares at C$1.75 to raise about C$835,805. That's 3.2% dilution: every existing holder's slice gets 3.2% smaller. If you held C$1,000 of shares (571 at the issue price), your slice goes from 0.00303% to 0.00293% of the company. To keep it you'd need 19 more shares - about C$33 at the issue price.
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8 Feb 2017capital raising announcement▼ Bad
Settled about Cdn$107,576 of debt to creditors by issuing 53,788 shares at Cdn$2.00 -- routine, but a sign of ongoing cash tightness.
4 Jan 2017capital raising announcement● Neutral
Closed another private placement (1,010,950 units, US$918,280) at a lower Cdn$1.20 unit price than the 2016 raises, reflecting a weaker uranium market.
What it means for a shareholder
1.0m new shares at about US$0.9083 to raise about US$918,280. That's 5.1% dilution: every existing holder's slice gets 5.1% smaller. If you held US$1,000 of shares (1,101 at the issue price), your slice goes from 0.00583% to 0.00553% of the company. To keep it you'd need 59 more shares - about US$54 at the issue price.
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6 Sept 2016capital raising announcement▲ Good
Closed the final tranche of the placement (1,078,458 more units, US$1.42 million), bringing total proceeds to about US$2.79 million -- above the original US$2.5 million target.
22 Aug 2016capital raising announcement● Neutral
Closed the first tranche of that private placement: 1,042,282 units for gross proceeds of US$1.37 million, with five-year warrants exercisable at Cdn$2.80.
What it means for a shareholder
1.0m new shares at about US$1.31 to raise about US$1.4m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held US$1,000 of shares (761 at the issue price), your slice goes from 0.00453% to 0.00426% of the company. To keep it you'd need 47 more shares - about US$62 at the issue price.
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30 June 2016capital raising announcement● Neutral
Announced the launch of a US$2.5 million private placement to raise growth capital.