Each one in plain English, with the numbers worked through for a shareholder.
15 Sept 2011business combination● Neutral
Eternal filed Amendment No. 4 to its merger registration statement, with the same deal terms (164,023,288 shares, roughly 80/20 split). The document looks substantially expanded, since page references moved (for example American Eagle information now starts on page 61 instead of 57, and the financial statement indexes grew), but the shown text does not say what was added. The merger is still pending and the registration is not yet effective.
Libra Advisors, LLC, Libra Associates LLC, Libra Fund, L.P, Ranjan Tandon disclosed a new substantial AMERICAN EAGLE ENERGY Corp shareholding (15.00% of votes).
Eternal filed Amendment No. 3 to its merger registration statement. The visible text matches Amendment No. 2: the same 164,023,288 shares, the same roughly 80/20 split, and the merger still needing American Eagle stockholder approval. The registration statement has not yet been declared effective and the deal is still pending. Any changes in the truncated body are not visible.
Eternal filed Amendment No. 2 to its merger registration statement. The deal terms shown are the same (164,023,288 shares to American Eagle holders, roughly 80/20 split). The visible changes are that the stock is now described as quoted on the OTCQB tier as well as the OTC Bulletin Board, and that Eternal's board 'adopted and approved' the merger with no vote or written consent requested from Eternal holders. The merger has still not closed.
Eternal filed its first amended registration statement (Amendment No. 1) for the planned merger with American Eagle Energy Inc. The terms are unchanged in the text shown: American Eagle holders get 164,023,288 Eternal shares (about 80% of the company, with current Eternal holders keeping about 20%), and the deal still needs a majority vote of American Eagle's stockholders. Eternal shareholders are not being asked to vote, and the NYSE Amex listing application, started around May 4, 2011, has no assurance of success.
This amends the May 26 report on the Spyglass sale and corrects the second sale: it now covers about 548 net acres for $479,500 (previously 1,096 acres and $959,000 in the filing, though the press release still shows the old figures). The first sale of about 8,188 net acres for $7,165,000 is unchanged, and the press release says it closed May 26, with the second still scheduled for July 26, 2011. The press release says Eternal keeps operatorship and plans two horizontal wells in the near term. The discrepancy between the amended 8-K/A and its press release on the second sale is unexplained.