16 June 2015director interest notice● Neutral
WHITE MOUNTAIN TITANIUM CORP director Wei Lu received 85,000 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 June 2015director interest notice● Neutral
WHITE MOUNTAIN TITANIUM CORP director Yee Ya (sue) Pei received 62,500 shares as part of the equity award.
16 June 2015director interest notice● Neutral
WHITE MOUNTAIN TITANIUM CORP Chief Financial Officer Eric Gan received 35,000 shares as part of the equity award.
16 June 2015director interest notice● Neutral
WHITE MOUNTAIN TITANIUM CORP President Michael P. Kurtanjek received 63,250 shares as part of the equity award.
14 May 2015quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $1.2 million for the period ended 2015-03-31.
6 May 2015director interest notice● Neutral
Michael P. Kurtanjek became a WHITE MOUNTAIN TITANIUM CORP President and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
John May became a WHITE MOUNTAIN TITANIUM CORP director and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Kin Wong became a WHITE MOUNTAIN TITANIUM CORP CEO and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Yuk Kong Lee became a WHITE MOUNTAIN TITANIUM CORP 10%+ owner and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Wei Lu became a WHITE MOUNTAIN TITANIUM CORP director and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Howard M Crosby became a WHITE MOUNTAIN TITANIUM CORP director and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Yee Ya (sue) Pei became a WHITE MOUNTAIN TITANIUM CORP director and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Eric Gan became a WHITE MOUNTAIN TITANIUM CORP CFO and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Weigang Greg Ye became a WHITE MOUNTAIN TITANIUM CORP director and company insider (initial ownership filing).
6 May 2015director interest notice● Neutral
Million Cheer Investment LTD became a WHITE MOUNTAIN TITANIUM CORP 10%+ owner and company insider (initial ownership filing).
29 Jan 2015director officer appointment▼ Bad
The chief financial officer went onto the same deferred-pay terms as everyone else -- $12,500 a month with $1,500 held back until the environmental permit -- with 300,000 options at $0.45 as a signing bonus and share bonuses promised for signing a strategic partner and for a senior exchange listing. Neither milestone was ever reached.
13 Nov 2014quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $1.9 million for the period ended 2014-09-30.
3 Oct 2014director officer appointment▼ BadMajor
Cash was tight enough that management agreed to defer part of their own pay until the Cerro Blanco environmental permit came through -- Kurtanjek gave up $5,000 of his $20,000 monthly fee -- while new service agreements were signed with companies owned by chief executive Kin Wong and director Wei Lu. By this point almost every officer was paid through his own private company.
15 Aug 2014director officer appointment● Neutral
Papered the outgoing chief financial officer's exit: Lan Shangguan stays to 15 November for the handover, her 150,000 options lapse three months after that, and 70,000 escrowed shares are released whether or not the environmental study is finished -- with 70,000 more promised as a cooperation bonus.
12 Aug 2014quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $1.2 million for the period ended 2014-06-30.
5 Aug 2014director officer appointment● NeutralMajor
Kin Wong, by now chairman and chief executive, had his own investment vehicle's commitment raised by up to a further $5 million, abstaining from the board vote. The company closed its Vancouver office, replaced chief financial officer Lan Shangguan with Eric Gan on $11,000 a month, and completed its transformation into a Chile-and-Hong-Kong operation.
13 May 2014quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $1.4 million for the period ended 2014-03-31.
16 Apr 2014capital raising announcement● NeutralMajor
Million Cheer Investment took the first $2 million of the second tranche at $0.40 a unit under Kin Wong's memorandum, alongside an update on the environmental study the rest of the money was waiting on.
19 Dec 2013capital raising announcement● Neutral
Closed the first $2 million tranche, 5,714,286 units at $0.35, spread across twelve buyers rather than taken by Grand Agriculture alone.
What it means for a shareholder
5.7m new shares at $0.350 to raise about $2.0m. That's 7.7% dilution: every existing holder's slice gets 7.7% smaller. If you held $1,000 of shares (2,857 at the issue price), your slice goes from 0.00419% to 0.00387% of the company. To keep it you'd need 240 more shares - about $84 at the issue price.
Create a free account to see this worked out for your own holding.
9 Dec 2013security holder rights change● NeutralMajor
Signed a binding memorandum with Grand Agriculture Investment, a Hong Kong company controlled by shareholder Kin Wong, for up to $10 million: $2 million at $0.35 a unit at once and $8 million at $0.40 once the Cerro Blanco environmental study was done -- plus three of seven board seats for the investor group. Control was being sold along with the stock, at half the price of the March round.
8 Nov 2013quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $992 thousand for the period ended 2013-09-30.
9 Aug 2013quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $992 thousand for the period ended 2013-06-30.
8 July 2013resource reserve update▲ GoodMajor
Behre Dolbear's updated resource estimate for Cerro Blanco put 111.5 million tonnes into the measured and indicated categories at 1.73% titanium dioxide, with 68.6 million tonnes inferred at 1.37%, from just three of the nine prospects identified so far -- over 10 million tonnes more rutile than the 2008 report and a threefold increase in the confident categories. The geology was never White Mountain's problem.
10 May 2013quarterly activities report▼ Bad
WHITE MOUNTAIN TITANIUM CORP reported a quarterly net loss of $1.3 million for the period ended 2013-03-31.
18 Mar 2013securities registration● Neutral
WHITE MOUNTAIN TITANIUM CORP filed notice of an exempt private placement.