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Dilution calculator

Enter the shares outstanding and the terms of a financing to see how much of the company your shares represent before and after.

Example numbers are loaded. Replace them with figures from the company's own filings.
Your ownership after
0.0417%
down from 0.0500%
New shares issued
20,000,000
Shares outstanding after
120,000,000
Share count increase
20.0%
New investors' share of the company
16.7%
Warrants issued
10,000,000
Shares if all of them are exercised
130,000,000
Your ownership if they are
0.0385%
Broker or finder warrants and any shares paid as fees add to this. They are listed in the closing news release.

How it works

A junior pays for drilling by selling new shares. Your share count stays the same while the total goes up, so your slice of the company gets smaller. That is dilution.

Shares issued are the amount raised divided by the price per share. Your ownership is your shares divided by the total. If the units come with warrants, the last figure shows your slice if every warrant is later exercised.

The amount, price and warrant terms are in the financing news release. The shares outstanding are in the latest financial statements or the company's filings on SEDAR+.

Read the guide: Understanding Dilution in Junior Mining →

For education only. Not investment advice. The results are only as good as the numbers entered; check every figure against the company's own filings. See the Disclaimer.

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