29 May 2008late filing notice▼ Bad
AMERICAN URANIUM CORP notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Apr 2008capital raising announcement● Neutral
On March 14, 2008 the company granted a consultant, Raymond Foucault, options over up to 250,000 shares at $0.80, exercisable until March 14, 2012 and subject to vesting. The company's office also moved to Vancouver.
26 Mar 2008securities registration● Neutral
AMERICAN URANIUM CORP registered a securities offering with the SEC.
18 Mar 2008material agreement● Neutral
On March 6, 2008 the company and Strathmore signed an operating agreement, effective January 3, 2008, forming a Delaware limited liability company to own and run the Pinetree-Reno Creek property. This puts into a formal vehicle the joint venture from the August 2007 agreement.
26 Feb 2008director interest notice● Neutral
Donald K Cooper became a AMERICAN URANIUM CORP director and company insider (initial ownership filing).
14 Feb 2008material agreement● Neutral
On January 16, 2008 the company signed an advertising agreement with National Media Associates to publish material making the company better known to investors. The filing gives no fee or other terms.
23 Jan 2008capital raising announcement● Neutral
On January 15, 2008 the company granted a director (the exhibit names Robert Rich) options over up to 300,000 shares at $1.00, exercisable until January 15, 2013 and subject to vesting. This is a small potential dilution under the 2007 Stock Option Plan.
22 Jan 2008director interest notice● Neutral
AMERICAN URANIUM CORP President, Secretary Robert A Rich received a stock option grant for 300,000 shares.
15 Jan 2008late filing notice▼ Bad
AMERICAN URANIUM CORP notified the SEC that its quarterly report would be filed late.
14 Jan 2008auditor change● Neutral
Auditor Telford Sadovnick resigned effective October 6, 2007, saying it had withdrawn its PCAOB registration and could no longer audit US issuers. Davidson & Company LLP was appointed on January 7, 2008. Telford's prior reports had no adverse opinion but included a going-concern uncertainty statement, and the filing reports no disagreements.
24 Dec 2007capital raising announcement● Neutral
On December 20, 2007 the company closed a second, smaller private placement of 375,000 units at US$0.75, raising US$281,250, on the same unit and warrant terms as the September 2007 placement. Proceeds are for joint venture obligations and working capital. Hamish Malkin signs as CFO and Director, a new name in the filings.
What it means for a shareholder
375,000 new shares at US$0.750 to raise about US$281,250. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Oct 2007material agreement● Neutral
On October 10, 2007 the company agreed to buy geological data on the Reno Creek uranium prospect from Power Resources, Inc. for US$950,000, subject to its review of the data's sufficiency. Closing is expected on or before December 31, 2007.
15 Oct 2007late filing notice▼ Bad
AMERICAN URANIUM CORP notified the SEC that its quarterly report would be filed late.
10 Oct 2007director interest notice● Neutral
Devinder Randhawa became a AMERICAN URANIUM CORP director and company insider (initial ownership filing).
24 Sept 2007director interest notice● Neutral
Hamish Malkin became a AMERICAN URANIUM CORP CFO and company insider (initial ownership filing).
5 Sept 2007capital raising announcement● NeutralMajor
On September 4, 2007 the company closed a private placement of 8,086,829 units at US$0.75, raising US$6,065,125. Each unit has one share and a half warrant, with each whole warrant exercisable at $1.25 until August 23, 2009. Finders' fees of 7.5% are payable, partly in stock, and proceeds are for joint venture obligations and working capital. This adds new shares and warrants, so existing holders are diluted.
What it means for a shareholder
8.1m new shares at US$0.750 to raise about US$6.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Sept 2007capital raising announcement● NeutralMajor
The company signed the formal option and joint venture agreement with Strathmore effective August 20, 2007, turning the May letter of intent into a definitive deal on the same terms (60% earn-in of Pinetree-Reno Creek, about 16,000 acres, $33 million over 6 years). It issued 6,000,000 shares to Strathmore on August 24, 2007. It earns 22.5% after spending $5 million, and Strathmore operates until the 60% is earned.
18 July 2007director interest notice● Neutral
AMERICAN URANIUM CORP President Treasurer Secretary Robert A Rich disposed of 245,000,000 shares via option/appreciation-right settlement.
16 July 2007late filing notice▼ Bad
AMERICAN URANIUM CORP notified the SEC that its quarterly report would be filed late.
5 July 2007capital raising announcement● Neutral
Effective June 15, 2007 the company hired Carson Seabolt for investor relations and marketing at US$2,000 a month. He was also granted up to 75,000 stock options at $1.50 per share, exercisable for five years. The filing gives no other terms.
18 May 2007material agreement● NeutralMajor
On May 12, 2007 the company signed a non-binding letter of intent with Strathmore Resources (US) Ltd. for an option to earn a 60% interest in the Pinetree-Reno Creek uranium properties in Campbell County, Wyoming. It would issue 6 million shares, reimburse Strathmore's costs up to $300,000 (plus any funds spent acquiring additional leases), and spend $33 million on the property over 6 years. This is the company's first property deal in this record.
10 May 2007business combination● NeutralMajor
The company told shareholders that on April 19, 2007 Mir Huculak sold his 250,000,000 shares to Robert Rich for US$50,000, giving Rich 90.4% of the 276,487,500 shares outstanding. Rich became President, Secretary, Treasurer and a director, and Huculak is to resign so Rich becomes sole director; the filing states this is a change in control. This confirms the earlier ownership filings. No shareholder vote is required.
4 May 2007substantial holder notice● Neutral
Robert Rich disclosed a new substantial AMERICAN URANIUM CORP shareholding (90.40% of votes).
23 Apr 2007director interest notice● Neutral
Robert A Rich became a AMERICAN URANIUM CORP President, Treasurer, Secretar and company insider (initial ownership filing).
17 Oct 2006late filing notice▼ Bad
AMERICAN URANIUM CORP notified the SEC that its quarterly report would be filed late.
11 July 2006securities registration● Neutral
AMERICAN URANIUM CORP filed the final prospectus for a registered offering.
21 June 2006securities registration● Neutral
AMERICAN URANIUM CORP registered a small-business securities offering with the SEC.