15 Dec 2006late filing notice▼ Bad
CAPITAL 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.
6 Dec 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
21 Nov 2006securities registration● Neutral
CAPITAL GOLD CORP registered a small-business securities offering with the SEC.
30 Oct 2006late filing notice▼ Bad
CAPITAL GOLD CORP notified the SEC that its annual report would be filed late.
27 Sept 2006director interest notice● Neutral
CAPITAL GOLD CORP Secretary, V.P. Robert N Roningen sold 92,800 shares.
14 Sept 2006director interest notice● Neutral
CAPITAL GOLD CORP V.P., Secretary Robert N Roningen sold 34,500 shares.
31 Aug 2006director interest notice● Neutral
CAPITAL GOLD CORP V.P., Secretary Robert N Roningen sold 20,000 shares.
16 Aug 2006capital raising announcement● NeutralMajor
On August 15, 2006 the company's Mexican subsidiaries signed a credit agreement with Standard Bank for up to US$12.5 million to build El Chanate. It bears interest at LIBOR plus 4.00%, is guaranteed by the company, and is secured on the subsidiaries' assets. It is repayable in fourteen quarterly payments, with the first payment expected after start-up criteria are met, which management believes will be in the first quarter of 2008. This completes the loan negotiated through the earlier hedging agreements, although borrowing cannot start until Mexican collateral documents are formalised. As a fee the bank received 1,150,000 shares and a warrant over 12,600,000 shares at $0.317. The board also adopted a shareholder rights plan (a poison pill, with rights triggered at 20% ownership, expiring August 15, 2016) and bylaw amendments, including removing the right of 10% holders to call a special meeting. The rights plan lapses unless shareholders approve it by February 4, 2007.
16 Aug 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
2 Aug 2006material agreement● Neutral
On August 2, 2006 the company amended its November 24, 2005 mining contract with Sinergia, extending to November 1, 2006 its right to give the Notice to Proceed, with work to start no later than February 1, 2007. The company agreed to advance $200,000 of the $520,000 payable when work starts. It also signed three-year employment agreements, effective July 31, 2006, with Dieterle (base salary at least $180,000), Newell, Everett and Pritchard (at least $120,000 each), with option grants of 250,000 shares each at $0.32. Change-in-control agreements give each executive a lump sum of three times base salary plus a tax gross-up.
20 June 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
14 June 2006late filing notice▼ Bad
CAPITAL GOLD CORP notified the SEC that its quarterly report would be filed late.
2 June 2006director interest notice● Neutral
CAPITAL GOLD CORP 10%+ owner Rab Special Situations (master) Fund LTD sold 145,500 shares at $0.40.
23 May 2006director interest notice● Neutral
CAPITAL GOLD CORP 10%+ owner Rab Special Situations (master) Fund LTD sold 1,045,800 shares.
23 May 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
23 May 2006director interest notice● Neutral
Rab Special Situations (master) Fund LTD became a CAPITAL GOLD CORP 10%+ owner and company insider (initial ownership filing).
22 May 2006director interest notice● Neutral
Brownlie John became a CAPITAL GOLD CORP V.P Operations and company insider (initial ownership filing).
26 Apr 2006securities registration● Neutral
CAPITAL GOLD CORP registered a small-business securities offering with the SEC.
13 Apr 2006director interest notice● Neutral
CAPITAL GOLD CORP Vice President Jack V Everett bought 300,000 shares on the open market at $0.25.
7 Apr 2006director interest notice● Neutral
Shaw Ian A became a CAPITAL GOLD CORP director and company insider (initial ownership filing).
5 Apr 2006material agreement● NeutralMajor
On April 3, 2006 the company signed a second and final gold price protection agreement with Standard Bank plc. It agreed to sell 60,963.50 ounces of gold forward at $500 per ounce quarterly from March 2007 to September 2010, and to buy call options on the same volume at $535. It posted about $2.1 million cash collateral, returnable when the loan agreement is signed and funding conditions are met. Together with the earlier agreement, 121,927 ounces are covered and about $4.27 million collateral is posted. This completes the expected hedging required for the proposed Standard Bank credit agreement, which is still being negotiated.
27 Mar 2006director interest notice● Neutral
Postle John T became a CAPITAL GOLD CORP director and company insider (initial ownership filing).
27 Mar 2006director interest notice● Neutral
Nesbitt Mark T became a CAPITAL GOLD CORP director and company insider (initial ownership filing).
22 Mar 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
20 Mar 2006late filing notice▼ Bad
CAPITAL GOLD CORP notified the SEC that its quarterly report would be filed late.
9 Mar 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
2 Mar 2006director interest notice● Neutral
Chipman Christopher Michael became a CAPITAL GOLD CORP Chief Financial Officer and company insider (initial ownership filing).
16 Feb 2006capital raising announcement● NeutralMajor
On February 10, 2006 the company issued 12,780,000 shares and warrants over 3,195,000 shares to 37 investors for about $3,195,000, again through IBK Capital Corp. (9% fee, agent warrants over 934,000 shares). The warrants are exercisable at $0.30 for eighteen months. Separately, Standard Bank Plc extended its commitment letter for a senior project finance facility of up to US$12 million for El Chanate until April 30, 2006. The filing also lists 2,955,004 shares issued in December 2005 and January 2006 on exercise of warrants and options. This is another equity raise continuing the El Chanate funding effort, and the bank loan is still not finalised.
31 Jan 2006securities registration● Neutral
CAPITAL GOLD CORP filed the final prospectus for a registered offering.
25 Jan 2006securities registration● Neutral
CAPITAL GOLD CORP amended a filing by which it registered a small-business securities offering with the SEC.