XTRA-GOLD RESOURCES CORP (TSX:XTG): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

24 Nov 2010capital raising announcement▲ GoodMajor

Completed an initial public offering to Canadian investors, raising CAD$10.925 million (8.09 million shares at CAD$1.35) through a Haywood-led syndicate, and began trading on the Toronto Stock Exchange - a major step up from its OTC Bulletin Board-only listing.

What it means for a shareholder

8.1m new shares at C$1.35 to raise about C$10.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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8 June 2010capital raising announcement● Neutral

Closed the $250,000 placement in full.

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7 June 2010capital raising announcement● Neutral

Announced a small top-up placement of up to $250,000 at $1.00/unit through Haywood Securities.

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29 Apr 2010capital raising announcement● Neutral

Closed the $3 million-target private placement at $1.544 million, below the original target.

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16 Nov 2009capital raising announcement▲ GoodMajor

Announced a much larger private placement, up to $3 million (3 million units at $1.00, up from $0.70-0.80 in earlier 2009 rounds), through Haywood Securities - pricing reflecting the strength of recent drill results.

What it means for a shareholder

3.0m new shares at C$1.00 to raise about C$3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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14 July 2009capital raising announcement● Neutral

Announced a further private placement of up to $400,000 (500,000 units at $0.80/unit).

What it means for a shareholder

500,000 new shares at C$0.800 to raise about C$400,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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19 May 2009capital raising announcement● Neutral

Closed the placement for $712,600, short of the $1.05 million target, earmarked for a 3,500-meter drill program at the Apapam (Kibi) project.

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17 Mar 2009capital raising announcement● Neutral

Announced a private placement of up to $1.05 million (1.5 million units at $0.70) to fund continued exploration.

What it means for a shareholder

1.5m new shares at C$0.700 to raise about C$1.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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