16 June 2010securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2010securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
10 June 2010business combination● Neutral
Capital Gold and Nayarit issued a joint update: the Nayarit merger proxy was declared effective on June 8, 2010 and is being mailed. Capital Gold holders vote on July 2, 2010 and Nayarit holders on July 12, 2010. The terms are unchanged (0.134048 Capital Gold shares per Nayarit share). The release says the combined company would focus on El Chanate and on advancing the Del Norte deposit in Nayarit's Orion District, with Saric also continuing.
9 June 2010business combination▲ GoodMajor
Capital Gold said the SEC declared its Nayarit S-4 effective on June 8, 2010, and moved its stockholder meeting to July 2, 2010 (the earlier plan was June 11). It also reported quarterly results to April 30, 2010: revenue of $17,525 thousand (up 41%) and net income of $2,779 thousand, which included $2,284 thousand of one-time severance charges. Cash cost per ounce sold rose to $403 from $263 a year earlier. Gold sold was 15,745 oz versus 13,347 oz. The filing gives a mix of dates for the record date (May 3 and May 5) and the text is inconsistent on this.
9 June 2010securities registration● Neutral
CAPITAL GOLD CORP amended an already-effective registration statement.
20 May 2010business combination● Neutral
Capital Gold filed a second amended S-4 for the Nayarit Gold deal, still covering 18,148,476 shares (about 12,099,135 for Nayarit holders, plus 4,830,938 and 1,218,403 for former Nayarit warrants and options). The exchange ratio of 0.134048 and the roughly 19.97% stake for Nayarit holders are unchanged, and the meeting dates are still blank ("June __"). The text visible here confirms the April 29, 2010 amendment but does not say what it changed.
30 Apr 2010business combination● Neutral
Capital Gold amended its S-4 for the Nayarit deal and disclosed that the business combination agreement was itself amended on April 29, 2010 (the visible text does not say what changed). The exchange ratio (0.134048) and share counts are unchanged, and special meetings for both companies are now set for June 11, 2010, with record dates of May 5 (Capital Gold) and May 3 (Nayarit).
1 Apr 2010business combination● NeutralMajor
Capital Gold filed its S-4 registration statement for the Nayarit deal, registering 18,148,476 shares: about 12,099,135 for Nayarit shareholders, plus 4,830,938 and 1,218,403 reserved for former Nayarit warrants and options. Nayarit holders would own about 19.97% of Capital Gold on a non-diluted basis, so existing Capital Gold holders would be diluted by about that share. Shareholder votes are still to be scheduled, and approval needs a majority of Capital Gold votes cast.
17 Feb 2010substantial holder notice● Neutral
Van Eck Associates Corporation disclosed a new substantial CAPITAL GOLD CORP shareholding (8.60% of votes).
11 Feb 2010material agreement● NeutralMajor
On February 10, 2010 Capital Gold signed a business combination agreement to acquire Nayarit Gold Inc., a Canadian exploration company with concessions in Nayarit, Mexico, through an amalgamation with a new subsidiary. Nayarit shareholders would get 0.134048 Capital Gold shares per Nayarit share (ratio reflects a recent 4-for-1 reverse split of Capital Gold stock). Both boards approved it; it needs shareholder votes and must close within 120 days of the agreement. This is the Mexican acquisition strategy now becoming a concrete deal, and is a new share-issuing transaction for existing holders; Nayarit's John Brownlie (Capital Gold's COO) is a party to the agreement.
5 Feb 2010director interest notice● Neutral
CAPITAL GOLD CORP director Sojka Leonard J. received a stock option grant for 50,000 shares.
5 Feb 2010director interest notice● Neutral
CAPITAL GOLD CORP director Cooper Stephen received a stock option grant for 50,000 shares.
5 Feb 2010director interest notice● Neutral
CAPITAL GOLD CORP director Cutler John W. received a stock option grant for 50,000 shares.
5 Feb 2010director interest notice● Neutral
CAPITAL GOLD CORP President and COO Brownlie John received a stock option grant for 500,000 shares.
3 Feb 2010director interest notice● Neutral
CAPITAL GOLD CORP director Cooper Stephen received a stock option grant for 200,000 shares.
1 Feb 2010material agreement● Neutral
On January 25, 2010 Capital Gold agreed to pay Metal Recovery Solutions (MRS), a private Nevada company, $500,000 toward a proposed $2,000,000 purchase of 25% of MRS. The other $1,500,000 is only owed if a definitive agreement is signed (expected before March 1, 2010), with money tied to milestones in a gold recovery technology pilot at El Chanate. If the deal does not close, the $500,000 is to be repaid with interest, secured on MRS's consulting contract with a third-party miner (expected value $1,275,000).
1 Feb 2010listing compliance notice▲ GoodMajor
the New York Stock Exchange certified CAPITAL GOLD CORP's securities for listing, clearing them to begin trading.
26 Jan 2010substantial holder notice● Neutral
Sprott Asset Management LP, Sprott Canadian Equity Fund reported a CAPITAL GOLD CORP shareholding of 30,137,000 shares (15.50% of votes) in a periodic institutional filing.
22 Jan 2010director interest notice● Neutral
CAPITAL GOLD CORP director Sojka Leonard J. received a stock option grant for 200,000 shares.
22 Jan 2010director interest notice● Neutral
CAPITAL GOLD CORP director Cutler John W. received a stock option grant for 200,000 shares.
21 Jan 2010director interest notice● Neutral
CAPITAL GOLD CORP President and COO Brownlie John received a stock option grant for 2,000,000 shares.
21 Jan 2010director interest notice● Neutral
CAPITAL GOLD CORP director Cooper Stephen received a stock option grant for 200,000 shares.
22 Dec 2009director interest notice● Neutral
CAPITAL GOLD CORP director Cooper Stephen bought 5,260 shares on the open market at $0.96.
16 Dec 2009director interest notice● Neutral
CAPITAL GOLD CORP Chief Financial Officer Chipman Christopher Michael sold 455,729 shares at $0.95.
3 Nov 2009director interest notice● Neutral
Cooper Stephen became a CAPITAL GOLD CORP director and company insider (initial ownership filing).
2 Oct 2009director interest notice● Neutral
CAPITAL GOLD CORP insider Postle John T disposed of 76,667 shares via option/appreciation-right settlement.
2 Oct 2009director interest notice● Neutral
CAPITAL GOLD CORP insider Nesbitt Mark T disposed of 76,667 shares via option/appreciation-right settlement.
14 Sept 2009director interest notice● Neutral
CAPITAL GOLD CORP insider Shaw Ian A disposed of 25,000 shares via option/appreciation-right settlement.
11 Sept 2009director interest notice● Neutral
Cutler John W. became a CAPITAL GOLD CORP director and company insider (initial ownership filing).
11 Sept 2009director interest notice● Neutral
Sojka Leonard J. became a CAPITAL GOLD CORP director and company insider (initial ownership filing).