17 Mar 2014late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Dec 2013quarterly activities report▼ Bad
ARX Gold Corp reported quarterly revenue of $0 and a net loss of $161 thousand for the period ended 2013-10-31.
10 Sept 2013quarterly activities report▼ Bad
ARX Gold Corp reported quarterly revenue of $0 and a net loss of $609 thousand for the period ended 2013-07-31.
30 July 2013late filing notice▼ Bad
ARX Gold Corp notified the SEC that its annual report would be filed late.
25 Mar 2013quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $545 thousand for the period ended 2013-01-31.
25 Mar 2013quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $545 thousand for the period ended 2013-01-31.
18 Mar 2013late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
4 Feb 2013auditor change● Neutral
A second amendment to the December 2012 auditor-change filing, filed to clarify the terms of the dismissal of John Kinross-Kennedy; Salberg & Company, P.A. remains the new auditor, with no disagreements reported. The filing's dates and details are inconsistent: it gives the new auditor's engagement as December 17, 2012 in one place and December 14 in another, describes the engagement as for the quarter ended July 31, 2012 and also for the year ending April 30, 2012 (earlier filings said April 30, 2013), cites board approvals dated February 2012 and February 2011, and signs under the name Daulton Capital Corp. The former auditor's February 1, 2013 letter agrees with the statements about him. The going-concern doubt noted in his 2011 and 2012 reports continues.
4 Feb 2013auditor change● Neutral
This amends the December 2012 auditor-change filing to fix a typo, now saying the company dismissed John Kinross-Kennedy rather than 'replaced' him. The facts are otherwise the same: Salberg & Company, P.A. is the new auditor, with no disagreements. The former auditor's confirming letter is dated February 1, 2013.
22 Jan 2013asset acquisition disposition● NeutralMajor
This amended filing describes the company's May 22, 2012 acquisition of Grimsby Investments Ltd, which holds the ARX Springs gold project rights (gold claims and tailings at Coonambula near Eidsvold, Queensland, Australia). Grimsby's shareholders received about 4.148 billion shares plus a commitment to pay $7,500,000 in royalties, and the deal was accounted for as a reverse merger with Grimsby as the accounting acquirer. It also records that the company abandoned oil and gas by April 30, 2011, terminated the Yukon options, changed its name to Celframe ARX Resources Corp. (May 25, 2012) and then ARX Gold Corporation (October 16, 2012), and that the $7,500,000 is now described as a discretionary royalty based on future operating profits rather than the promissory note described in August 2012. The risk factors include a going-concern warning and a limited operating history in mining.
18 Dec 2012auditor change● Neutral
On December 14, 2012 the company replaced its auditor John Kinross-Kennedy with Salberg & Company, P.A., for the year ending April 30, 2013. The filing says there was no disagreement, and the prior auditor's reports for fiscal 2012 and 2011 carried a going-concern warning. Principal offices are now in Brisbane, Australia.
25 Sept 2012quarterly activities report▼ Bad
ARX Gold Corp reported quarterly revenue of $0 and a net loss of $108 thousand for the period ended 2012-07-31.
21 Sept 2012quarterly activities report▼ Bad
ARX Gold Corp reported quarterly revenue of $0 and a net loss of $108 thousand for the period ended 2012-07-31.
14 Sept 2012late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
31 Aug 2012material agreement▲ GoodMajor
On August 28, 2012 the company and the Grimsby Investments Ltd shareholders amended their May 2012 Share Purchase Agreement. The obligation to convert $75,000,000 of debt into preferred shares was cancelled, and $67,500,000 of the other $75,000,000 was waived. The remaining $7,500,000 is to be covered by a 10-year promissory note in favor of Endx Pte Limited and TigerSprey Pte Limited. This is the first mention in these filings of the Grimsby deal and it sharply reduces what the company owes under it; the filing says all other terms are unchanged.
30 July 2012late filing notice▼ Bad
ARX Gold Corp notified the SEC that its annual report would be filed late.
20 Mar 2012quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $31 thousand for the period ended 2012-01-31.
15 Mar 2012late filing notice▼ Bad
ARX Gold Corp notified the SEC that its quarterly report would be filed late.
15 Dec 2011quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $31 for the period ended 2011-10-31.
15 Sept 2011quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $32 for the period ended 2011-07-31.
29 July 2011late filing notice▼ Bad
ARX Gold Corp notified the SEC that its annual report would be filed late.
18 May 2011quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $453 thousand for the period ended 2011-04-30.
2 May 2011material agreement termination▼ BadMajor
On April 29, 2011 the company and Shawn Ryan terminated the Ballarat and Hunker Yukon options, ending the gold-exploration commitments signed in February 2010. Ryan keeps all cash and shares already paid (the board consent cites 250,000 shares and $25,000 for Ballarat, and 1,000,000 shares and $25,000 for Hunker), and neither side owes the other anything further. Management's stated reason is that the short Yukon work season made the obligations not economically feasible.
20 Apr 2011material agreement● NeutralMajor
On April 18, 2011 the company agreed with South Pacific Connection Limited (James Das) to buy an 80% working interest in the ELA 1857 mining claim in Papua New Guinea. It pays $35,000 and issues 2,500,000 restricted shares (500,000 a year on or before September 11, 2011-2015), and must spend $3,400,000 on the claim over five years to keep the interest. This is a new mining project that follows the Yukon options; the filing says the company may accelerate the payments.
17 Mar 2011quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $8 thousand for the period ended 2011-01-31.
15 Dec 2010quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $236 thousand for the period ended 2010-10-31.
17 Nov 2010director interest notice● Neutral
Ryan Beamin became a ARX Gold Corp 10%+ owner and company insider (initial ownership filing).
25 Oct 2010director interest notice● Neutral
Peter Stecher became a ARX Gold Corp director and company insider (initial ownership filing).
25 Oct 2010director interest notice● Neutral
Terry R Fields became a ARX Gold Corp President, CEO & CFO and company insider (initial ownership filing).
14 Sept 2010quarterly activities report▼ Bad
ARX Gold Corp reported a quarterly net loss of $9 thousand for the period ended 2010-07-31.