Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2008capital raising announcement▼ Bad
With cash tight, Gulf Western Petroleum took a $500,000 personal loan from an individual lender and raised only $62,500 more in stock at $0.25 per unit - a further price decline from the $0.40 level seven months earlier.
9 Oct 2007capital raising announcement● Neutral
The board formally ratified a batch of stock and warrant issuances from the prior three months that together exceeded 5% of shares outstanding, mostly small private placements and payments for services.
17 Sept 2007capital raising announcement● Neutral
The company raised a further $400,000 at the same discounted $0.40 per unit price.
13 Sept 2007capital raising announcement▼ BadMajor
Gulf Western Petroleum took on $3.7 million of senior secured convertible notes at a steep 15% interest rate from Metage Funds and NCIM Limited, pledging nearly all of its assets as collateral - expensive, all-asset-secured debt that would ultimately prove the company could not service.
21 Aug 2007capital raising announcement▼ Bad
Now renamed Gulf Western Petroleum Corporation, the company raised $685,000 in another private placement - but at $0.40 per unit, well below the $1.00 price of its January 2007 raise, an early sign the stock was losing value.
18 May 2007capital raising announcement● Neutral
The company raised another $525,000 in a small private placement and issued bonus shares to two lenders who had earlier funded Wharton Resources before the merger.
25 Jan 2007capital raising announcement▲ GoodMajor
The newly combined company raised $3.2 million by privately selling stock-and-warrant units at $1.00 each, funding to develop the oil and gas properties it had just acquired through the Wharton merger.
