21 May 2018listing compliance notice▼ BadMajor
All American Gold Corp. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Mar 2013quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $10 thousand for the period ended 2013-02-28.
28 Dec 2012quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $21 thousand for the period ended 2012-11-30.
8 Nov 2012material agreement● NeutralMajor
On November 1, 2012 the company agreed with James Hason to an option to buy the Alex mineral property in British Columbia, Canada, paying $6,000 now, with further payments ($2,000 by March 31, 2013 and $200,000 by October 30, 2013 to keep the option alive) and, if exercised, $250,000 in cash or shares by June 1, 2016, $800,000 of work, and a 2% royalty. Its address is now San Diego, California. This is a new, non-Nevada property, and the text was truncated before the technical conclusions.
12 Oct 2012quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $16 thousand for the period ended 2012-08-31.
23 Apr 2012material agreement● Neutral
On April 13, 2012 the company signed a non-binding letter of intent with Desert Pacific Exploration, Inc. giving it until May 12, 2012 to decide whether to enter an option on the Essex gold-silver property in White Pine County, Nevada. It paid $2,500 for this; the filing describes the property as having no defined resource.
12 Apr 2012quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $41 thousand for the period ended 2012-02-29.
18 Jan 2012material agreement termination▼ BadMajor
The board decided on January 12, 2012 to drop the Iowa Canyon property (15% option from TAC Gold, entered September 9, 2011, with $50,000 already paid) rather than pay a further $50,000 due by January 11, 2012. It says it will focus on Belleville and Goldfield West and owes TAC nothing more. The Parkside investor relations agreement was also extended two months from February 1, 2012 at $2,500 per month.
17 Jan 2012quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $374 thousand for the period ended 2011-11-30.
13 Oct 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2011-08-31.
9 Sept 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2011-08-31.
8 Sept 2011capital raising announcement▲ GoodMajor
On September 5, 2011 the company sold 400,000 new shares at $0.70 each, raising $280,000, to one non-US investor. This is a higher price than the $0.50 placement in July 2011 and adds to the share count.
What it means for a shareholder
400,000 new shares at US$0.700 to raise about US$280,000. That's 0.414% dilution: every existing holder's slice gets 0.414% smaller. If you held US$1,000 of shares (1,429 at the issue price), your slice goes from 0.00149% to 0.00148% of the company. To keep it you'd need 6 more shares - about US$4 at the issue price.
Create a free account to see this worked out for your own holding.
5 Aug 2011material agreement● Neutral
On August 1, 2011 the company hired Parkside Communications, Inc. of New York for 5½ months to help set up a formal investor relations program. It pays $5,000 a month from August 15, 2011, with a final $2,500 payment on January 15, 2012.
25 July 2011capital raising announcement● NeutralMajor
The company sold 400,000 new shares on July 11, 2011 at $0.50 each, raising $200,000, to one non-US investor. On July 13, 2011 it also issued 875,000 shares at $0.40 on conversion of a $350,000 convertible note. This adds shares for existing holders' stake to be diluted by, and the conversion is the first sign of the November 2010 convertible notes (inference: $355,500 notes, likely the same ones) being converted.
11 Apr 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $31 thousand for the period ended 2011-02-28.
7 Mar 2011asset acquisition disposition● NeutralMajor
The company filed a full-form report restating the August 2010 TAC Gold deals and adding company background, because it was a shell company before those agreements. It states that it earned its 35% Goldfield West interest by paying $300,000 and must keep up $98,000 of payments and $770,000 of spending over seven years, that its Belleville option requires $170,000 of payments and $1,320,000 of spending, and that its Iowa Canyon right of first refusal runs to August 23, 2011. Background covers the October 15, 2010 1-for-10 forward split (9,040,000 to 90,400,000 shares), the renaming from Osprey Ventures, authorized shares raised to 800,000,000, and Brent Welke's appointment as president on December 1, 2010 with a 36-month consulting deal (2,500,000 restricted shares plus US$1,000 per month). The text is truncated, so any further content is not captured.
4 Feb 2011material agreement▼ BadMajor
The company terminated its option on a 25% interest in the Gao Feng gold property in China, effective January 31, 2011, after a Phase I exploration report. The board cited the high cost and risk of a second phase, the poor Phase I results (the drilling returned no significant mineralization) and the relatively lower risk of spending the same funds on its Nevada properties. No further work will be done on the project, which ends the company's China interest and leaves the Nevada properties as its focus.
20 Jan 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $35 thousand for the period ended 2010-11-30.
20 Jan 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $35 thousand for the period ended 2010-11-30.
14 Jan 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $35 thousand for the period ended 2010-11-30.
6 Jan 2011asset acquisition disposition● NeutralMajor
Now named All American Gold Corp., the company amended its August 2010 report to fix errors and add detail on its TAC Gold deals. Belleville obligations are now stated as $170,000 in payments and $1,320,000 in exploration spending (earlier: $190,000 and $1,420,000), and its Goldfield West share is $98,000 in payments and $770,000 in spending, after $200,000 (paid September 14, 2010) and $100,000 (paid November 24, 2010) paid up front. It also disclosed $355,500 of non-interest-bearing convertible notes issued November 23, 2010 to one non-US creditor, maturing November 23, 2015, convertible at 75% of the average closing bid over the prior ten trading days, which could dilute shareholders if converted.
6 Jan 2011quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $35 thousand for the period ended 2010-11-30.
21 Dec 2010director interest notice● Neutral
Brent Welke became a All American Gold Corp. President/Secretary/Treasurer and company insider (initial ownership filing).
14 Oct 2010quarterly activities report▼ Bad
All American Gold Corp. reported quarterly revenue of $0 and a net loss of $306 thousand for the period ended 2010-08-31.
26 Aug 2010asset acquisition disposition● NeutralMajor
On August 23, 2010 Osprey Ventures entered three agreements with TAC Gold Inc.: an option on a 70% interest in the Belleville property (Mineral County, Nevada), an option on a 35% interest in the Goldfield West property (Esmeralda County, Nevada), and a 12-month right of first refusal on the Iowa Canyon property. It assumed TAC Gold's payment and exploration-spending obligations to Minquest Inc., and must reimburse TAC Gold, in cash or its own shares, for TAC Gold shares issued to Minquest. The filing names Belleville as its near-term focus; a convertible note subscription with Citiglory Consultants is listed as an exhibit.
31 Aug 2009late filing notice▼ Bad
All American Gold Corp. notified the SEC that its annual report would be filed late.
27 Oct 2008auditor change● Neutral
Second amendment to the auditor-change report, filed only to correct three places where the fiscal year end was wrongly given as June 30; the correct year end is May 31. The auditor change itself is unchanged.
29 Sept 2008auditor change● Neutral
Amendment to the September auditor-change report, filed to include a fully signed copy of Mackay's letter to the SEC. The auditor change (Mackay out, McElravy, Kinchen & Associates in) and the other content are otherwise unchanged.
25 Sept 2008auditor change▼ Bad
The company, then named Osprey Ventures, Inc., reported that its auditor Mackay, LLP resigned on September 24, 2008 and that it engaged McElravy, Kinchen & Associates P.C. of Houston, Texas as its new auditor. The filing states there were no disagreements with Mackay; Mackay's report for the year ended May 31, 2008 included a going-concern warning citing lack of revenues and history of losses. (The filing text says June 30, 2008 in places; a later amendment corrects this to May 31.)
5 Sept 2008securities registration● Neutral
All American Gold Corp. amended a filing by which it registered a securities offering with the SEC.