21 Nov 2006director interest notice● Neutral
Cibolan Gold Corp President and CEO Steve Parent bought 75,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Nov 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 35,000 shares on the open market.
27 Oct 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 104,500 shares on the open market.
27 Oct 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 23,320 shares on the open market.
27 Oct 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 46,000 shares on the open market.
27 Oct 2006substantial holder notice● Neutral
STEPHEN PARENT disclosed a new substantial Cibolan Gold Corp shareholding (9.29% of votes).
27 Oct 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 38,685 shares on the open market.
27 Oct 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 139,500 shares on the open market.
14 Sept 2006late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its quarterly report would be filed late.
8 Sept 2006substantial holder notice● Neutral
STEPHEN PARENT disclosed a new substantial Cibolan Gold Corp shareholding (9.40% of votes).
6 Sept 2006director interest notice● Neutral
Cibolan Gold Corp President & CEO Steve Parent bought 100,500 shares on the open market at $0.36.
16 Aug 2006substantial holder notice● Neutral
GRASSY MOLE ENTERPRISES LTD disclosed a new substantial Cibolan Gold Corp shareholding (15.52% of votes).
1 Aug 2006late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its annual report would be filed late.
18 July 2006director interest notice● Neutral
Cibolan Gold Corp President and CEO Steve Parent bought 60,000 shares on the open market at $0.44.
16 May 2006auditor change● Neutral
On May 15, 2006 the company dismissed auditor Michael Albanese and engaged Moore & Associates. The stated reason is to have auditors in the same city as its head office and closer to its main property. Albanese's reports had expressed substantial doubt about the company's ability to continue as a going concern, and the filing reports no disagreements.
26 Apr 2006director interest notice● Neutral
Leslie James Porter became a Cibolan Gold Corp Chief Financial Officer and company insider (initial ownership filing).
26 Apr 2006director interest notice● Neutral
David J Salari became a Cibolan Gold Corp director and company insider (initial ownership filing).
26 Apr 2006director interest notice● Neutral
Steve Parent became a Cibolan Gold Corp Chief Operating Officer and company insider (initial ownership filing).
23 Mar 2006business combination● NeutralMajor
The General Gold acquisition closed on March 15, 2006: the company issued 36,097,500 shares and 3,048,750 warrants (exercisable at $0.25 for one year), giving former General Gold holders about 70.5% of the company. The filing treats it as a reverse acquisition for accounting. General Gold's exploration business, including a 100% leasehold interest in the Independence gold-silver property in Lander County, Nevada, becomes the company's only operation. This replaces the abandoned consumer-products plan and resolves the escrow pending since January.
14 Feb 2006late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its quarterly report would be filed late.
8 Feb 2006capital raising announcement● Neutral
The company issued 4,950,000 shares on January 25, 2006 to partly convert demand notes, cutting note debt by $91,575. It also issued 500,000 shares to David Salari as a signing bonus for joining the board. Salari has been a General Gold director since November 2004, which ties to the pending General Gold acquisition.
2 Feb 2006capital raising announcement● NeutralMajor
Now renamed General Metals Corporation, the company issued 36,097,500 restricted shares on January 25, 2006 to General Gold Corporation's shareholders under an Acquisition Agreement. The shares are held in escrow until closing conditions are met, and they will be cancelled if the conditions fail. The filing says there is no assurance the deal will complete.
30 Jan 2006director interest notice● Neutral
Robert J Gilbert became a Cibolan Gold Corp COO and company insider (initial ownership filing).
30 Jan 2006director interest notice● Neutral
Richard Verdiramo became a Cibolan Gold Corp President and company insider (initial ownership filing).
14 Nov 2005late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its quarterly report would be filed late.
22 Sept 2005financial restatement▼ Bad
The company amended its restatement notice: instead of simply reversing the gain on the dissolved subsidiaries' liabilities, it will net the previously reported discontinued-operations loss against that gain. This differs from its August 26, 2005 disclosure. It expects to file the amended 10-KSB/A for March 31, 2005 and the 10-QSB for the June 30, 2005 quarter by September 23, 2005.
26 Aug 2005financial restatement▼ BadMajor
Now named RECOV Energy Corp., the company said its March 31, 2005 financial statements can no longer be relied on and must be restated. The main problems were a gain recorded from writing off liabilities of dissolved subsidiaries, unrecognised impairments on intangible assets, and an unrecorded beneficial conversion feature on convertible debt, which will raise interest expense. The issues came to light after a third-party accounting firm reviewing the filing for a potential merger partner raised questions, and the SEC staff then sent comments.
15 Aug 2005late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its quarterly report would be filed late.
30 June 2005late filing notice▼ Bad
Cibolan Gold Corp notified the SEC that its annual report would be filed late.
7 Dec 2004auditor change● Neutral
This is an amendment to an auditor-change report, but the filing text provided is empty, so no content can be stated. (Inference: it likely amends the November 2004 auditor-change report.)