29 July 2010late filing notice▼ Bad
ARX Gold 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.
29 Apr 2010material agreement● Neutral
This amends the February Ballarat filing. It corrects the spelling from Balarat and records a March 31, 2010 amendment adding 56 claims, taking the property from 38 to 94 claims covering about 19 square kilometers, on the same terms as the original option. The text states no change to the payment terms.
15 Mar 2010late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
2 Mar 2010material agreement● NeutralMajor
On February 25, 2010 the company signed a second option with Shawn Ryan, this time on the Hunker Project, 121 claims near Dawson City, Yukon. Terms: $400,000 in cash payments, $1,730,000 in exploration spending, 1,000,000 shares due by April 2010, and a 500,000-share bonus if exploration costs exceed C$3 million. Ryan keeps a 2% net smelter royalty, reducible to 1% for $2 million. A March 1 press release corrected the property description. This builds on the Ballarat option and adds to the Yukon gold exploration commitments.
26 Feb 2010material agreement● NeutralMajor
On February 23, 2010 the company signed an option with Shawn Ryan to earn 100% of the Balarat (later spelled Ballarat) gold claims in the Yukon's Dawson Mining District, 38 claims at this stage. It must make staged cash payments, spend on exploration and issue shares through 2014 (cash of $400,000, expenditures of $1,260,000, 1,250,000 shares, plus a 500,000-share bonus if exploration costs exceed C$2.5 million). Ryan keeps a 2% net smelter royalty, reducible to 1% for $2 million. The company can terminate at any time, and this marks a move into gold exploration.
15 Dec 2009late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
15 Sept 2009late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
30 Apr 2009material agreement● NeutralMajor
The company signed an agreement on April 25, 2009 to acquire about 90% of Energy Solutions People Inc. for 7,234,034 of its shares, with plans to buy the rest in May 2009 for 1,087,750 more shares. Energy Solutions, formed in 2007 and holding rights to wind turbines and solar generators, had not started sales or earned any revenue. This is a move into renewable energy, separate from the Oklahoma oil and gas interest, and it would issue a large number of new shares (about 8.3 million in total, from the text's figures). Closing was still subject to conditions.
16 Sept 2008late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
1 Aug 2008asset acquisition disposition● Neutral
The company (filing under the name Daulton Capital Corp.) bought a 5% working interest (4% net revenue interest) in six wells in Pawnee County, Oklahoma, from Energy Capture Corp. It paid with 300,000 restricted shares, valued at $90,000 ($0.30 per share) in the purchase agreement. Five wells were producing about 40 barrels of oil and 30 MCF of gas per day (gross, i.e. all owners combined) and the sixth is a saltwater disposal well. It also disclosed hiring petroleum engineer Joe Boury as a consultant on June 23, 2008.
27 June 2008securities registration● Neutral
ARX Gold Corp registered a securities offering with the SEC.