XML 50 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders Equity
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Shareholders' Equity

9.        Shareholders’ Equity, comprehensive loss and noncontrolling interest

 

(in thousands, except         Accumulated Total    
Share amounts) Common Common Additional   Other Solitario Non- Total
  Stock Stock Paid-in Accumulated Comprehensive Shareholder Controlling Shareholders’
  Shares Amount Capital Deficit Income Equity Interest Equity
Balance at December 31, 2013 37,512,127 $375 $51,963  $(44,730) $460  $8,068 $(105) $7,963 
                 

Issuance of stock from restricted stock

Grant

 50,562 -    45  -    -    45  -    45 
Issuance of shares to noncontrolling
  shareholder for future earn-in		 50,000 1  74  -    -    75  (75)  -   
Issuance of cash to noncontrolling   shareholder for future earn-in -    -    -    -    -    -    (250) (250)
Issuance of shares in private
  placement for cash		 1,600,000 16  1,614  -    -    1,630  -    1,630 
Stock option expense -    -    56  -    -    56  -    56 
Net loss -    -    -    (532) -    (532) (3) (535)
Net unrealized gain on marketable
  equity securities 		-    -    -    -    186  186     -    186 
Balance at March 31, 2014 39,212,689 $392 $53,752 $(45,262) $646 $9,528  $(433) $9,095 

 

On February 28, 2014 Solitario closed a private placement of 1,600,000 shares of Solitario common stock priced at $1.05 per share for gross proceeds of $1,680,000 (the “2014 Offering”). Solitario retained a placement agent in connection with the portion of the Offering conducted in Canada and paid the placement agent a fee of $50,000 for the sale effected to the single Canadian investor that participated in the 2014 Offering.

 

During the three months ended March 31, 2014, Solitario paid DHI Minerals (US), Ltd. (“DHI”) $250,000 in cash and delivered 50,000 shares of Solitario common stock to DHI, in accordance with the terms of the letter of intent between Solitario, DHI and Ely. See Note 2, “Mineral Properties, Mt. Hamilton” to the consolidated financial statements included in Solitario’s Annual Report on Form 10-K for the year ended December 31, 2013.