SEC Form 4 · accession 0001052918-17-000312
NEW JERSEY MINING CO · NJMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Swallow
Officer — President and CEO · Director · 10% Owner
Period of report
Mar 28, 2017
Accepted (ET)
Jun 12, 2017 · 5:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001030192
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1 | Mar 28, 2017 | P | 1,000,000 | $0.10 | A | — | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant | $0.20 | Mar 28, 2017 | P | 500,000 | A | Mar 28, 2017 | Mar 28, 2020 | Common Stock | 500,000 | 2,700,000 | D |
Explanation of responses
- F1Common Stock and Warrants were acquired on 3/28/2017 through conversion of a convertible note on the same terms as the most recent private placement. The Issuer's private placement sold Units at a sale price of $0.20 per Unit. Each Unit consisted of two (2) shares of Common Stock and one (1) Warrant to purchase one (1) share of Common Stock at $0.20 per share for a period of 36 months. The average price per share was $0.10.