SEC Form 4 · accession 0001052918-17-000520
NEW JERSEY MINING CO · NJMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John Swallow
Officer — President & CEO · Director · 10% Owner
Period of report
Oct 20, 2017
Accepted (ET)
Oct 25, 2017 · 4:59 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 | Oct 20, 2017 | P | 500,000 | $0.12 | A | — | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | $0.20 | Oct 20, 2017 | P | 250,000 | A | Oct 20, 2017 | Oct 20, 2020 | Common Stock | 250,000 | 2,650,000 | D |
Explanation of responses
- F1Common Stock and Warrants were acquired on 10/20/2017 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 $0.24 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 $0.12.
- F2On August 11, 2017, 300,000 warrants expired