23 Feb 2012director interest notice● Neutral
Andrew Rosenfeld became a American Sands Energy Corp. President and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Feb 2012director interest notice● Neutral
American Sands Energy Corp. 10%+ owner Bleeding Rock LLC disposed of 2,893,102 shares via option/appreciation-right settlement.
23 Feb 2012substantial holder notice● Neutral
Bleeding Rock LLC EIN, William C. Gibbs, Hidden Peak Partners, LC reported a American Sands Energy Corp. shareholding of 15,703,806 shares (47.50% of votes) in a periodic institutional filing.
21 Feb 2012director interest notice● Neutral
American Sands Energy Corp. Chief Financial Officer Daniel F Carlson received a stock option grant for 200,000 shares.
17 Feb 2012quarterly activities report▼ Bad
American Sands Energy Corp. reported a quarterly net loss of $462 thousand for the period ended 2011-12-31.
14 Feb 2012substantial holder notice● Neutral
Seaside, William J. Ritger, Denis M. O'Donnell disclosed a new substantial American Sands Energy Corp. shareholding (9.90% of votes).
14 Feb 2012late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
3 Feb 2012capital raising announcement● NeutralMajor
The company completed a private offering of 10% convertible notes totalling $1,515,000, convertible into 3,030,000 shares, plus warrants for 3,038,667 shares at $0.50 through April 30, 2014. The notes are due April 30, 2014 and would add shares if converted or exercised, which dilutes existing holders. The terms reflect a one-for-two reverse stock split effective October 19, 2011.
30 Jan 2012material agreement termination● NeutralMajor
American Sands Energy took a direct 20-year licence from Universal Oil Recovery Corp. and SRS International for solvent technology to extract bitumen from oil sands, in Utah and future projects. It ended the earlier operating agreement under which subsidiary Green River Resources got the technology through Bleeding Rock LLC, which is owned in part by President William C. Gibbs. In exchange it granted Bleeding Rock a 1.5% gross royalty on future projects (excluding Sunnyside, Utah), and the subsidiary's $1,446,551 owed to Bleeding Rock became a 5% note convertible at $0.50 per share, due in one year, which the parent is not responsible for repaying. The filing says the company believed direct licensing would help fundraising.
23 Jan 2012securities registration● Neutral
American Sands Energy Corp. amended a filing by which it filed notice of an exempt private placement.
17 Nov 2011quarterly activities report▼ Bad
American Sands Energy Corp. reported a quarterly net loss of $538 thousand for the period ended 2011-09-30.
14 Nov 2011late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
28 Oct 2011director interest notice● Neutral
Barry B Larson became a American Sands Energy Corp. director and company insider (initial ownership filing).
12 Oct 2011director interest notice● Neutral
Gayle Mckeachnie became a American Sands Energy Corp. director and company insider (initial ownership filing).
12 Oct 2011director interest notice● Neutral
Justin Ranson Swift II became a American Sands Energy Corp. director and company insider (initial ownership filing).
21 Sept 2011director interest notice● Neutral
American Sands Energy Corp. director Daniel F Carlson received a stock option grant for 50,000 shares.
19 Sept 2011director interest notice● Neutral
American Sands Energy Corp. director Edward P Mooney received a stock option grant for 50,000 shares.
1 Sept 2011asset acquisition disposition● Neutral
Another amendment to the June 2011 report with no new substance. It only adds the September 1, 2011 amendment to the list of 2011 annual report amendments that carry the Green River deal details.
29 Aug 2011quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $831 thousand for the period ended 2011-06-30.
24 Aug 2011asset acquisition disposition● Neutral
This amendment to the June 2011 report adds no new substance. It only updates references to the 2011 annual report, which was amended on August 2 and August 23, 2011, where the Green River deal details are given.
15 Aug 2011quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $831 thousand for the period ended 2011-06-30.
21 June 2011substantial holder notice● Neutral
Seaside, William J. Ritger, Denis M. O'Donnell disclosed a new substantial American Sands Energy Corp. shareholding (9.99% of votes).
14 June 2011substantial holder notice● Neutral
Steven L. White reported a American Sands Energy Corp. shareholding of 2,391,797 shares (5.40% of votes) in a periodic institutional filing.
14 June 2011substantial holder notice● Neutral
Life Power & Fuels LLC, Edward P. Mooney reported a American Sands Energy Corp. shareholding of 14,040,000 shares (31.80% of votes) in a periodic institutional filing.
13 June 2011substantial holder notice● Neutral
Life Power & Fuels LLC, Edward P. Mooney reported a American Sands Energy Corp. shareholding of 14,040,000 shares (31.80% of votes) in a periodic institutional filing.
13 June 2011substantial holder notice● Neutral
Bleeding Rock LLC EIN, William C. Gibbs disclosed a new substantial American Sands Energy Corp. shareholding (52.40% of votes).
13 June 2011securities registration● Neutral
American Sands Energy Corp. filed notice of an exempt private placement.
10 June 2011director interest notice● Neutral
Bleeding Rock LLC became a American Sands Energy Corp. 10%+ owner and company insider (initial ownership filing).
10 June 2011director interest notice● Neutral
Robin Lee Gereluk became a American Sands Energy Corp. COO & Secretary and company insider (initial ownership filing).
10 June 2011asset acquisition disposition● NeutralMajor
The Green River Resources acquisition closed on June 3, 2011 after an amendment to the exchange agreement, and the company stopped being a shell company. The filing gives no new terms and refers to the 2011 annual report (10-K) for the details, including the amendment terms.