1 Feb 2006substantial holder notice● Neutral
Jipangu Inc reported a Brigus Gold Corp. shareholding of 23,650,000 shares (19.50% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Jan 2006director interest notice● Neutral
Brigus Gold Corp. 10%+ owner Jipangu INC bought 13,650,000 shares on the open market.
27 Jan 2006debt financing● NeutralMajor
On January 23, 2006 Apollo Gold signed new severance agreements with four vice presidents (Miller, O'Neil, Young, Vagstad) whose employment ends February 18, 2006. Each gets cash plus shares (179,875 to 359,750 shares each, priced at Cdn$0.48) and a later cash payment due on a change of control or by February 2008 (February 2007 for O'Neil). The three remaining officers (Russell, Williams, Nanna) agreed to cut base salary by US$170,000 in total in exchange for 1,103,233 shares to be issued January 31, 2006. All these shares come from the US shelf registration, adding to the share count. Miller's departure and the change in the officer team update the leadership list.
26 Jan 2006material agreement● NeutralMajor
Apollo Gold completed the US$3.5 million private placement to Jipangu on January 26, 2006, issuing 11,650,000 units at Cdn$0.35, each with a share and 0.17167 of a warrant (up to 2,000,000 warrants at Cdn$0.39 for two years). This resolves the placement that was due to close January 18; the closing was pushed back to January 26 by a side letter. Apollo also agreed to file resale registration statements for Jipangu's shares (10,000,000 from the June 2005 subscription, and 11,650,000 plus 2,000,000 warrant shares from this placement) by February 15, 2006.
13 Jan 2006security holder rights change▼ BadMajor
Effective January 6, 2006, Apollo Gold pledged the Black Fox property as collateral for its US$8.73 million Series B convertible debentures, replacing the US$11.0 million cash that previously secured them. In return, it cut the exercise price on 5,013,600 warrants attached to the debentures from US$0.80 to US$0.40, except those held by insiders, which stay at US$0.80. This changes the collateral from cash to the Black Fox property, and the lower warrant price raises potential dilution.
23 Nov 2005asset acquisition disposition● NeutralMajor
Apollo Gold closed the sale of its Nevada subsidiaries, which own the Florida Canyon and Standard mines and nearby exploration properties, to a Jipangu subsidiary for US$14 million on November 18, 2005. This completes the sale announced in October. The US$3.5 million Jipangu private placement is scheduled to close January 18, 2006.
22 Nov 2005substantial holder notice● Neutral
Jipangu Inc reported a Brigus Gold Corp. shareholding of 23,650,000 shares (19.70% of votes) in a periodic institutional filing.
31 Oct 2005substantial holder notice● Neutral
Jipangu Inc reported a Brigus Gold Corp. shareholding of 23,650,000 shares (19.70% of votes) in a periodic institutional filing.
27 Oct 2005director interest notice● Neutral
Jipangu INC became a Brigus Gold Corp. 10%+ owner and company insider (initial ownership filing).
21 Oct 2005capital raising announcement▼ BadMajor
Apollo Gold agreed to sell its Nevada subsidiaries (Florida Canyon Mining, Standard Gold Mining and Apollo Gold Exploration) to Jipangu Inc.'s subsidiary for US$14.0 million, with closing expected November 15, 2005. Jipangu also agreed to a US$3.5 million private placement of up to 11,650,000 units at Cdn$0.35, and advanced US$2.5 million against a note. Apollo recorded a total US$8.9 million impairment on the Nevada assets at September 30, 2005. Jipangu holds 9.4% now and would hold 19.7% if the placement and warrants completed.
5 Aug 2005director interest notice● Neutral
Brigus Gold Corp. director Robert W Babensee received a stock option grant for 100,000 shares.
2 Aug 2005securities registration● Neutral
Brigus Gold Corp. amended an already-effective registration statement.
13 July 2005securities registration● Neutral
Brigus Gold Corp. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
13 June 2005substantial holder notice● Neutral
Jipangu Inc disclosed a new substantial Brigus Gold Corp. shareholding (9.40% of votes).
26 May 2005director interest notice● Neutral
Babensee Robert W became a Brigus Gold Corp. director and company insider (initial ownership filing).
11 May 2005late filing notice▼ Bad
Brigus Gold Corp. notified the SEC that its quarterly report would be filed late.
6 May 2005securities registration● Neutral
Brigus Gold Corp. filed a prospectus supplement for an offering off its existing shelf.
5 May 2005director interest notice● Neutral
Brigus Gold Corp. VP - Business Development David K Young received a stock option grant for 125,000 shares.
4 May 2005director interest notice● Neutral
Brigus Gold Corp. VP - Exploration Richard F Nanna received a stock option grant for 250,000 shares.
27 Apr 2005director interest notice● Neutral
Brigus Gold Corp. director William Stearns Vaughan received a stock option grant for 70,000 shares.
27 Apr 2005director interest notice● Neutral
O Neil James T Jr. became a Brigus Gold Corp. Vice President - Finance and company insider (initial ownership filing).
26 Apr 2005director interest notice● Neutral
Brigus Gold Corp. Vice President -- HR and Admin Donald O Miller received a stock option grant for 125,000 shares.
26 Apr 2005director interest notice● Neutral
Brigus Gold Corp. VP - Legal, Gen. Counsel & Sec Donald W Vagstad received a stock option grant for 125,000 shares.
26 Apr 2005director interest notice● Neutral
Brigus Gold Corp. CFO & Sr VP - Fin. & Corp. Dev Melvyn Williams received a stock option grant for 125,000 shares.
26 Apr 2005director interest notice● Neutral
Brigus Gold Corp. President and CEO Robert David Russell received a stock option grant for 250,000 shares.
21 Apr 2005director interest notice● Neutral
Brigus Gold Corp. Vice President - US Operations Wade Bristol received a stock option grant for 125,000 shares.
21 Apr 2005director interest notice● Neutral
Brigus Gold Corp. director Charles E Stott received a stock option grant for 100,000 shares.
21 Apr 2005director interest notice● Neutral
Brigus Gold Corp. director George Michael Hobart received a stock option grant for 70,000 shares.
8 Apr 2005director interest notice● Neutral
Brigus Gold Corp. director Graff Richard P received a stock option grant for 100,000 shares.
16 Mar 2005director interest notice● Neutral
O Neil James T Jr. became a Brigus Gold Corp. Vice President - Finance and company insider (initial ownership filing).