1 Nov 2010director interest notice● Neutral
COLORADO GOLDFIELDS INC. Chief Financial Officer C Stephen Guyer disposed of 13,050,929 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2010director interest notice● Neutral
COLORADO GOLDFIELDS INC. CFO, Director C Stephen Guyer disposed of 5,433,776 shares via option/appreciation-right settlement.
28 Jan 2010director interest notice● Neutral
COLORADO GOLDFIELDS INC. President & CEO Lee Roy Rice disposed of 4,118,450 shares via option/appreciation-right settlement.
6 Oct 2009material agreement● NeutralMajor
The company signed a mining lease with option to purchase on the Brooklyn Mine in San Juan County, Colorado, with Frank J. Montonati and Don Laeding. Terms: 75,000,000 restricted Class A shares locked up for 3 years, work commitments averaging $200,000 a year, and a 5% net smelter royalty; it renews while ore is being produced or sold. Together with the King Solomon lease, this adds another large share issuance for existing holders.
23 Sept 2009material agreement● NeutralMajor
The company signed a lease with option to purchase on the King Solomon Mine in San Juan County, Colorado, with Larry H. Killian. Terms: 50,000,000 restricted Class A shares locked up for 3 years, $50,000 a year of work, and a 3.5% net smelter royalty; it renews while ore is being produced or sold. Lee R. Rice now signs as President and CEO, replacing Todd Hennis in that role since the last filings. The 50,000,000 shares are a large issuance for existing holders.
20 July 2009director interest notice● Neutral
COLORADO GOLDFIELDS INC. CFO C Stephen Guyer disposed of 47,500 shares via option/appreciation-right settlement.
15 Apr 2009late filing notice▼ Bad
COLORADO GOLDFIELDS INC. notified the SEC that its quarterly report would be filed late.
17 Feb 2009listing compliance notice▼ Bad
COLORADO GOLDFIELDS INC. withdrew a registration statement, abandoning the offering it covered.
12 Feb 2009director interest notice● Neutral
Norman Singer became a COLORADO GOLDFIELDS INC. director and company insider (initial ownership filing).
30 Jan 2009director interest notice● Neutral
COLORADO GOLDFIELDS INC. CFO C Stephen Guyer sold 400,000 shares at $0.01.
9 Jan 2009director interest notice● Neutral
Lee Roy Rice became a COLORADO GOLDFIELDS INC. CEO and company insider (initial ownership filing).
15 Oct 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. registered a securities offering with the SEC.
10 Oct 2008director interest notice● Neutral
COLORADO GOLDFIELDS INC. CFO C Stephen Guyer sold 100,000 shares at $0.06.
26 Sept 2008director interest notice● Neutral
COLORADO GOLDFIELDS INC. CFO C Stephen Guyer received a stock option grant for 500,000 shares.
23 Sept 2008director interest notice● Neutral
C Stephen Guyer became a COLORADO GOLDFIELDS INC. Chief Financial Officer and company insider (initial ownership filing).
4 Sept 2008capital raising announcement● NeutralMajor
The company signed a standby equity facility letting it sell up to $5,000,000 of shares to YA Global Investments at 95% of the lowest daily average price over five trading days, in advances of up to $250,000. It cannot draw until a registration statement is effective. It issued 1,436,108 shares as a commitment fee and owes other fees. For shareholders, drawing on this would mean issuing more shares.
6 June 2008material agreement▼ BadMajor
The Besmer acquisition is off: due diligence results were unsatisfactory as of May 30, 2008, the letter of intent expired, and no definitive agreements will be signed. The filing does not say what happens to the $50,000 deposit or the $100,000 loan to Besmer. It also mentions a June 5, 2008 press release on a Memorandum of Understanding with CEO Todd Hennis and his company San Juan Corp.; the terms are not in this filing.
15 May 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. filed the final prospectus for a registered offering.
13 May 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. amended a filing by which it registered a securities offering with the SEC.
5 May 2008material agreement● Neutral
The Besmer deal timetable was extended: due diligence now runs to May 30, 2008 and definitive agreements are due by June 7, 2008. The company also agreed, subject to a loan agreement, to lend Besmer $100,000 interest-free for mineral concession options near Chalchihuites; it counts toward the $5 million loan if the deal completes, otherwise it is due within 60 days. The company is still raising capital and says there is no assurance it will succeed.
29 Apr 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. amended a filing by which it registered a securities offering with the SEC.
25 Mar 2008director interest notice● Neutral
Eric O. Owens became a COLORADO GOLDFIELDS INC. director and company insider (initial ownership filing).
19 Mar 2008director interest notice● Neutral
Beverly E. Rich became a COLORADO GOLDFIELDS INC. director and company insider (initial ownership filing).
18 Mar 2008material agreement● NeutralMajor
The company signed a non-binding letter of intent to buy 75% of Besmer, S.A. de C.V., a Mexican mining company running the El Barreno, Remedios and La Zacatecana mines and a flotation mill. The price would be $3 million ($750,000 at signing of definitive agreements, $2,250,000 by note at 6%), plus an interest-free loan of up to $5 million. It paid a $50,000 deposit and says it needs to raise money through private share sales to complete it, with no assurance it can. This is a new direction outside Colorado.
3 Mar 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. amended a filing by which it registered a securities offering with the SEC.
3 Mar 2008director interest notice● Neutral
COLORADO GOLDFIELDS INC. Chief Executive Officer Todd C Hennis received a stock option grant for 600,000 shares.
11 Jan 2008securities registration● Neutral
COLORADO GOLDFIELDS INC. registered a small-business securities offering with the SEC.
7 Jan 2008farm in farm out agreement● Neutral
The company paid $10,000 for an option to buy royalties and net profit interests on the Gold King and Mayflower Mines in San Juan County, Colorado, from Recreation Properties, Ltd. for a one-time $250,000 payment. The option expires November 21, 2008. The mines are among the San Juan properties the company can earn up to 80% of, so buying the royalties would remove payments owed to others on them.
28 Nov 2007late filing notice▼ Bad
COLORADO GOLDFIELDS INC. notified the SEC that its annual report would be filed late.
27 Nov 2007auditor change● Neutral
The former auditor Manning Elliott LLP sent a letter, dated November 26, 2007, saying it agrees with the company's statements about the November 2007 switch to GHP Horwath. This closes the open item from the earlier auditor-change filing.