4//SEC Filing
James Brian Charles 4
Accession 0001690879-18-000001
CIK 0001025362other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 9:28 PM ET
Size
11.0 KB
Accession
0001690879-18-000001
Insider Transaction Report
Form 4
James Brian Charles
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+5,687,486$753,592→ 7,031,755 total(indirect: By Trust) - Exercise of In-Money
Subscription Rights
2018-02-22−1,344,269→ 0 total(indirect: By Trust)Exercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (2,285,257 underlying)
Holdings
- 807,250(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]In November 2017, Golden Queen Mining Co. Ltd (the "Issuer") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Issuer's common shares, as of the record date of December 1, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 188,952,761 of the Issuer's common shares. Record Date Shareholders received one Right for each outstanding common share held on the record date. The Rights entitled their holders to purchase 1.7 new common shares for every Right held. The subscription price per common share was $0.1325 (the "basic subscription privilege"). (see footnote 2)
- [F2]The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $0.1325 per common share, additional common shares of the Issuer, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The Rights were exercisable until February 20, 2018 at 5:00 p.m. Toronto time. Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privilege based on the number of common shares of the Issuer each of those Rights holders owned on the record date.
- [F3]Represents 2,285,257 common shares of the Issuer acquired upon the exercise of the basic subscription privilege and 3,402,229 common shares of the Issuer acquired upon the exercise of the oversubscription privilege. Following the conclusion of the Rights Offering, the reporting person is no longer a 10% holder of the issuer's common shares. As such, this Form 4 filing constitutes an exit filing for Mr. Brian C. James.
- [F4]Represents common shares of the Issuer held by the Monadnock Charitable Lead Annuity Trust dated May 31, 1996 ("Monadnock"). The reporting person is a trustee of Monadnock. The reporting person disclaims beneficial ownership of the shares held by Monadnock.
- [F5]Represents common shares of the Issuer held by Arctic Coast Petroleums, Ltd. ("Arctic Coast"). The Reporting Person is a trustee of the Clay Family 2009 Irrevocable Trust dated April 14, 2009 (the "2009 Trust"), which owns 50% of the equity interests of Arctic Coast. The Reporting Person disclaims beneficial ownership of 50% of the common shares held by Arctic Coast.
Documents
Issuer
GOLDEN QUEEN MINING CO LTD
CIK 0001025362
Entity typeother
Related Parties
1- filerCIK 0001690879
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 9:28 PM ET
- Size
- 11.0 KB