RE:Class Action????????
Sorry didn't format well and I'm having a slow brain day. Stockhouse doesn't have the preview function anymore so its hit and miss. I'll try again. I also hit the post button prior to including all the info intended.
******************************************************************************************************************
Does anyone else feel like the BOD has let you down by not keeping you up to date on very pertinent details? Does anyone know of a good lawfirm wanting to put together a class action law suite against AZC and the BOD? Are there grounds?
So here's what I know: The share price has been trending down and a few insiders have been dabbling the past 2 day. Yesterday there was buying & selling by insiders and again today a fairly large buy.
| Company Name : Augusta Resource Corporation |
Last Updated: November 21, 2013 |
| Date |
Symbol |
Insider
Buys
Volume |
Insider
Sells
Volume |
Insider
Buys
Value $ |
Insider
Sells
Value $ |
Insider
Buys
Transaction |
Insider
Sells
Transaction |
Currency |
| 11/21/2013 |
AZC |
366,500 |
0 |
467,255.00 |
0.00 |
68 |
0 |
CAD |
Sept 5th anouncement (Note the highlighted text)
Augusta Resource Closes First Tranche of C$10 Million Convertible Notes Financing
TORONTO, Sept. 5, 2013 /PRNewswire/ - Augusta Resource Corporation (TSX/NYSE MKT: AZC) ("Augusta" or "the Company") is pleased to announce that it closed the first tranche (a "Note Offering") for C$2,000,000 of the previously disclosed financing providing for an aggregate principal amount of C$10,000,000 in convertible unsecured notes of the Company (the "Notes").
The Notes have a five year maturity date from the time of issuance, bear interest at 7% per annum, and will have a conversion price equal to a premium of 30% of the volume weighted average trading price of the Company's common shares on the TSX for the five trading days ending the last business day before the closing date of each tranche. The Company, at its sole option and any time prior to October 31, 2013, may issue Note Offerings in multiple stages aggregating to the $10,000,000.
The first C$2,000,000 Note Offering closed on September 4, 2013 with a conversion price of C$2.87.
"This flexible financing allows the Company to advance our project needs and corporate interests as we solidify the project financing and construction planning for Rosemont," said Gil Clausen, Augusta's President and CEO. "The structure of this offering provides us the funding required in a minimally dilutive manner as we expect to achieve positive milestones in the near term.
Read more at https://www.stockhouse.com/companies/bullboard/t.azc/augusta-resource-corporation?postid=21930003#gsPXl9mfV4XT5BP5.99
So here's what I know: The share price has been trending down and a few insiders have been dabbling the past 2 day. Yesterday there was buying & selling by insiders and again today a fairly large buy.
| Company Name : Augusta Resource Corporation |
Last Updated: November 21, 2013 |
| Date |
Symbol |
Insider
Buys
Volume |
Insider
Sells
Volume |
Insider
Buys
Value $ |
Insider
Sells
Value $ |
Insider
Buys
Transaction |
Insider
Sells
Transaction |
Currency |
| 11/21/2013 |
AZC |
366,500 |
0 |
467,255.00 |
0.00 |
68 |
0 |
CAD |
Also shouldn't Augusta be expected to keep their shareholders apprised of the when a convertabile issue is exercised ?
Sept 5th anouncement (Note the highlighted text)
Augusta Resource Closes First Tranche of C$10 Million Convertible Notes Financing
TORONTO, Sept. 5, 2013 /PRNewswire/ - Augusta Resource Corporation (TSX/NYSE MKT: AZC) ("Augusta" or "the Company") is pleased to announce that it closed the first tranche (a "Note Offering") for C$2,000,000 of the previously disclosed financing providing for an aggregate principal amount of C$10,000,000 in convertible unsecured notes of the Company (the "Notes").
The Notes have a five year maturity date from the time of issuance, bear interest at 7% per annum, and will have a conversion price equal to a premium of 30% of the volume weighted average trading price of the Company's common shares on the TSX for the five trading days ending the last business day before the closing date of each tranche. The Company, at its sole option and any time prior to October 31, 2013, may issue Note Offerings in multiple stages aggregating to the $10,000,000.
The first C$2,000,000 Note Offering closed on September 4, 2013 with a conversion price of C$2.87.
"This flexible financing allows the Company to advance our project needs and corporate interests as we solidify the project financing and construction planning for Rosemont," said Gil Clausen, Augusta's President and CEO. "The structure of this offering provides us the funding required in a minimally dilutive manner as we expect to achieve positive milestones in the near term.
So is this Oct 25 transcation below part of the above ?????
Transaction Shares/ Account
Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance
Oct 25/13 Beaty, Ross J. Indirect Ownership Private buy Convertible Notes 0.00 $2,250,000 81.8% $5,000,000
Oct 25/13 Beaty, Ross J. Indirect Ownership Opening report Convertible Notes 0.00 2,750,000 n/a $2,750,000
Oct 25/13 Beaty, Ross J. Indirect Ownership Opening report Common Shares 0.00 12,100,500 n/a 12,100,500
Oct 25/13 Beaty, Ross J. Direct Ownership Opening report Common Shares 0.00 1,235,000 n/a 1,235,000
Apparantly one of the two purchasers of that offering. What are the terms of the above?
Comments?