Each one in plain English, with the numbers worked through for a shareholder.
2 Oct 2018listing compliance notice● Neutral
On 2 Oct 2018 the company cancelled and withdrew its Form 15 filed 26 Sept 2018 (which sought to end its SEC reporting), saying its roughly 667 holders of record exceed the allowed limit. It therefore remains a reporting company for now; the address is now New Jersey and Eric Hirsch signs as CEO. Shareholders' positions are unchanged.
26 Sept 2018listing compliance notice▼ BadMajor
Chile Mining Technologies Inc. deregistered its securities, ending its obligation to file reports with the SEC.
27 July 2012capital raising announcement▼ BadMajor
The company, now named Chile Mining Technologies Inc., said it did not meet the financial targets for the year ended 31 March 2012 set in the May 2010 private placement. As a result the make-good warrants have vested in full and can be exercised for common stock. This is the dilution trigger set up in 2010; the filing gives no share count or price, though the 2010 terms had a $0.01 exercise price.
22 Nov 2011listing compliance notice▼ Bad
Chile Mining Technologies Inc. withdrew a registration statement, abandoning the offering it covered.
14 May 2010business combination● Neutral
This mandatory notice explains the May 2010 change of control: Minera's former owners hold about 83.33% and Galoppi resigns from the board, with Orellana effective immediately and Pizarro, Vergara, McLean and Pascale joining about ten days after mailing (around 27 May 2010). Orellana holds 41.52% via Inversiones Orellana uno, Pizarro's vehicle 17.75%, Halter Financial 10.52%, out of 9,364,593 shares outstanding. No vote is required; it confirms the structure already reported.
14 May 2010business combination● NeutralMajor
On 12 May 2010 the company acquired 99.9% of Chilean copper company Minera for 6,000,000 shares (83.33% of the company), after Halter Financial and Galoppi agreed to cancel 3,600,500 of their shares. It also sold 2,089,593 shares at $2.78 ($5,809,000) with warrants for 1,044,803 shares at $3.61, plus make-good warrants (exercisable at $0.01) that become exercisable if 2011 and 2012 net income falls short of $14,382,102 and $15,179,687. Halter Financial Group received a $190,000 3% note convertible at $2.78 and a make-good warrant for 985,104 shares. Control passed to Minera's founders, led by Jorge Orellana as Chairman and CEO; the empty shell now holds a copper business with 'MINI plant' electrowinning operations, and earlier Galoppi/Halter holdings were sharply reduced.
13 May 2010capital raising announcement● NeutralMajor
On 13 May 2010 the company announced it had closed a reverse acquisition of Chilean company Minera Licancabur S.A. and a private placement with accredited investors, with details to follow in another 8-K. This resolves the shell's search for a Latin American business; the filing itself gives no terms.
5 Jan 2009business combination● Neutral
Effective 30 Dec 2008 the company merged its wholly owned subsidiary Latin America Ventures, Inc. into itself and took that name, and applied to change its OTC Bulletin Board stock symbol. This is a name and paperwork change following the November 2008 share exchange; no new money or business is described.
21 Nov 2008business combination● NeutralMajor
The shell company (then SMSA El Paso I Acquisition Corp.) acquired Latin America Ventures, Inc. on 18 Nov 2008 by issuing 1,500,000 new shares, giving Pierre Galoppi 75% of the 2,000,016 shares outstanding. Halter Financial Investments kept 400,000 shares (20%). Galoppi became sole officer and director, and the company said its plan is to find a Latin American private company to merge with; it had no capital and no candidate identified. This explains the earlier 75% holder filing for Galoppi.
