2 Oct 2017quarterly activities report● Neutral
AuraSource, Inc. reported quarterly revenue of $0 for the period ended 2017-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Oct 2017quarterly activities report● Neutral
AuraSource, Inc. reported quarterly revenue of $0 for the period ended 2017-09-30.
2 Oct 2017quarterly activities report● Neutral
AuraSource, Inc. reported quarterly revenue of $0 for the period ended 2017-09-30.
30 June 2016listing compliance notice▼ Bad
AuraSource, Inc. withdrew a registration statement, abandoning the offering it covered.
27 June 2016late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its annual report would be filed late.
24 Nov 2015securities registration● Neutral
AuraSource, Inc. amended a filing by which it registered a securities offering with the SEC.
9 Nov 2015securities registration● Neutral
AuraSource, Inc. amended a filing by which it registered a securities offering with the SEC.
7 Oct 2015securities registration● Neutral
AuraSource, Inc. registered a securities offering with the SEC.
30 June 2014late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its annual report would be filed late.
9 Apr 2014auditor change● Neutral
On April 4, 2014 the company dismissed its auditor Goldman Kurland and Mohidin, LLP and hired TAAD, LLP. The auditor's reports for fiscal 2013 and 2012 carried a going-concern explanatory paragraph, and the filing reports no disagreements.
15 Aug 2013substantial holder notice● Neutral
ASHER ENTERPRISES, INC. EIN disclosed a new substantial AuraSource, Inc. shareholding (9.99% of votes).
13 Feb 2013late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its quarterly report would be filed late.
10 July 2012agm notice● Neutral
AuraSource, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
2 Mar 2012director interest notice● Neutral
Hong Kong Minerals Holdings LTD became a AuraSource, Inc. 10%+ owner and company insider (initial ownership filing).
14 Feb 2012late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its quarterly report would be filed late.
14 Nov 2011late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its quarterly report would be filed late.
26 Oct 2011director interest notice● Neutral
Mongolian Natural Resources Investment Group (hong Kong) CO LTD became a AuraSource, Inc. 10%+ owner and company insider (initial ownership filing).
15 Aug 2011quarterly activities report▼ Bad
AuraSource, Inc. reported a quarterly net loss of $324 thousand for the period ended 2011-06-30.
9 Dec 2010director interest notice● Neutral
Hongliang Liu became a AuraSource, Inc. CEO and President and company insider (initial ownership filing).
2 Nov 2010director interest notice● Neutral
Lawrence L Kohler became a AuraSource, Inc. director and company insider (initial ownership filing).
25 Oct 2010director interest notice● Neutral
Eric Stoppenhagen became a AuraSource, Inc. CFO and Treasurer and company insider (initial ownership filing).
5 Oct 2010capital raising announcement● Neutral
On September 30, 2010 the company sold 400,000 shares in a private placement for $500,000, for working capital and an AuraCoal plant in the Gulf of Tonkin area producing coal-water slurry for industrial boilers. This follows the October 2009 raise and further dilutes existing holders.
What it means for a shareholder
400,000 new shares at about $1.25 to raise about $500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
26 Oct 2009capital raising announcement● NeutralMajor
On October 22, 2009 the company sold 5,287,324 shares in a private placement for gross proceeds of $2,643,662, to fund working capital and a pilot plant in the Gulf of Tonkin Economic and Development Area for a process turning oil shale, asphalt shale and low-ranking coal into clean fuel products. It paid Source Capital Group a $264,366 commission and will issue it 528,732 three-year warrants. New shares dilute existing holders.
What it means for a shareholder
5.3m new shares at about $0.500 to raise about $2.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
15 July 2009capital raising announcement● Neutral
On July 10, 2009 the company hired Sanicus, LLC on a non-exclusive basis to find buyers for its products and help set up a US test facility for AuraCoal. Sanicus earns a success fee on revenue collected, and received 1,725,000 warrants vesting over three years and expiring December 31, 2012, exercisable only to the extent the fee has been earned.
29 June 2009late filing notice▼ Bad
AuraSource, Inc. notified the SEC that its annual report would be filed late.
17 June 2009material agreement termination● NeutralMajor
On June 11, 2009 the company agreed to hand all its mineral exploration assets, including its Mongolian subsidiary AuraSourse LLC, to majority stockholder Mongsource USA, LLC in exchange for forgiveness of a revolving note under which about $475,000 had been advanced. A separate Mongolia license transfer from Mongsource had not met its conditions. The company says it will focus on clean energy technology, including the AuraCoal process to remove SO2 and ash from coal before burning.
10 June 2009securities registration● Neutral
AuraSource, Inc. filed notice of an exempt private placement.
13 May 2009material agreement termination● NeutralMajor
Both Guinea license agreements with GCI ended effective May 9, 2009 because GCI did not meet the conditions. The 30,000,000 shares were never issued, so the dilution described in the 2008 filings will not happen.
24 Sept 2008capital raising announcement● NeutralMajor
A second agreement with GCI (September 21, 2008) adds three Guinea exploration licenses for 20,000,000 more escrowed shares, on the same conditions and December 31, 2008 deadline. If both deals complete, GCI would hold 30,000,000 shares, about 37% of 80,300,000 outstanding.
18 Sept 2008capital raising announcement● NeutralMajor
Now named AuraSource, Inc., the company agreed on September 10, 2008 to receive one mineral exploration license in Guinea from Société Guinea Consultant International (GCI) for 10,000,000 shares, held in escrow until conditions are met. If completed, GCI would own about 17% of 60,300,000 shares; the agreement ends if conditions are unmet by December 31, 2008.