4//SEC Filing
Estate of Landon Thomas Clay 4
Accession 0001728440-18-000002
CIK 0001025362other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 4:13 PM ET
Size
14.4 KB
Accession
0001728440-18-000002
Insider Transaction Report
Form 4
Estate of Landon Thomas Clay
10% Owner
Transactions
- Exercise of In-Money
Subscription Rights
2018-02-22−17,052,402→ 0 totalExercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (28,981,155 underlying) - Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+101,367,270$13,431,163→ 118,419,672 total - Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+221,968$29,411→ 248,082 total(indirect: By corporation) - Exercise of In-Money
Subscription Rights
2018-02-22−26,114→ 0 total(indirect: By corporation)Exercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (44,393 underlying)
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 28,981,155 common shares of the Issuer acquired upon the exercise of the basic subscription privilege and 72,386,115 common shares of the Issuer acquired upon the exercise of the oversubscription privilege.
- [F4]Represents 44,393 shares of common stock of the Issuer acquired upon the exercise of the basic subscription privilege and 177,575 common shares of the Issuer acquired upon the exercise of the oversubscription privilege.
- [F5]Represents shares of common stock of the Issuer held by LTC Corporation ("LTC Corp"). The Reporting Person owns all of the equity interests of LTC Corp. The equity interests of LTC Corp transferred automatically to the Reporting Person following the death of Landon T. Clay in July 2017.
Documents
Issuer
GOLDEN QUEEN MINING CO LTD
CIK 0001025362
Entity typeother
Related Parties
1- filerCIK 0001728440
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 4:13 PM ET
- Size
- 14.4 KB