14 Nov 2005director interest notice● Neutral
Bradley Colby became a AMERICAN EAGLE ENERGY Corp Pres, CEO, Treasuer, CFO, Sec and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Nov 2005director interest notice● Neutral
John David Anderson became a AMERICAN EAGLE ENERGY Corp director and company insider (initial ownership filing).
10 Nov 2005auditor change● Neutral
Eternal Energy reported that on November 4, 2005 it dismissed Franklin Griffith and Associates as auditor and appointed Kelly & Co. The filing says the board approved the change, the 2004 audit report had no adverse opinion, and there were no disagreements. This is the second auditor change of 2005.
9 Nov 2005business combination● NeutralMajor
This information statement explains the change in control around the Nevada deal. On November 7, 2005 there was a 35-for-1 forward split, and Bradley Colby took beneficial ownership of 26,250,000 post-split shares from Fisher and Murdoch, of which 23,000,000 were cancelled, leaving him 3,250,000. Colby and John Anderson joined the board and Colby became President, CEO, Treasurer, CFO and Secretary; Fisher, Murdoch and Sturdy resign from the board ten days after filing. A private placement raised $1,126,000 for 1,126,000 shares plus warrants at $1.20, and 28,876,000 shares were outstanding.
9 Nov 2005business combination● NeutralMajor
On November 7, 2005 Golden Hope merged with its new subsidiary and renamed itself Eternal Energy Corp. Through the merger it took over a purchase agreement with Merganser Limited, giving it Merganser's rights to a 50% working interest in leases of about 82,184 gross acres in the Big Sand Spring Valley Prospect, Nye County, Nevada, partnered with and operated by Eden Energy. Merganser is to receive 1,000,000 shares for each 10,000,000 barrels of net proved oil reserves in a calendar year, and the filing says the company will need more funding, which may dilute shareholders. It also reports a private placement (Item 3.02, details truncated in the text provided). This turns a shell-like company into a Nevada oil and gas exploration company.
23 Mar 2005auditor change● Neutral
A second amendment to the same auditor-change report. It corrects the period covered by Clyde Bailey's earlier audit report to July 25, 2003 (inception) to December 31, 2003, keeps Franklin Griffith & Associates as the new auditor, and files the former auditor's letter as Exhibit 16.
14 Mar 2005auditor change● Neutral
An amended version of the March 8 auditor-change report. It changes the new auditor from Jason Griffiths, CPA to Franklin Griffith & Associates of Las Vegas, to audit the 2004 financial statements. The reasons for Clyde Bailey's resignation and the 'no disagreements' statement are unchanged.
8 Mar 2005auditor change● Neutral
The company, then named Golden Hope Resources Corp., reported that its auditor Clyde Bailey, PC resigned on March 4, 2005 for health and other reasons, and that Jason Griffiths, CPA was appointed on March 5, 2005 to audit the year ended December 31, 2004. The filing says there were no disagreements and the earlier audit report had no adverse opinion.
23 Feb 2005director interest notice● Neutral
Tom Murdoch became a AMERICAN EAGLE ENERGY Corp Secretary and company insider (initial ownership filing).
23 Feb 2005director interest notice● Neutral
AMERICAN EAGLE ENERGY Corp President/Treasurer/CEO/CFO Frederick Fisher bought 500,000 shares on the open market at $0.02.
23 Feb 2005director interest notice● Neutral
Chris Sturdy became a AMERICAN EAGLE ENERGY Corp director and company insider (initial ownership filing).