Past year: ▲ 68%(44.34 – 74.27 USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 June 2011material agreement● Neutral
On May 27, 2011 the company agreed to buy unpatented mining claims called the Uinta County (Carnotite) Uranium Prospect in Wyoming from Absaroka Stone LLC, paying $15,000 at signing. It must spend at least $200,000 on the claims within 24 months or pay Absaroka $50,000, and owes a 1% gross royalty up to $1,000,000 that it can buy out for $1,000,000. This adds another uranium exploration property to the company's portfolio.
13 May 2011securities registration● Neutral
Continental Resources Group, Inc. amended a filing by which it registered a securities offering with the SEC.
2 May 2011capital raising announcement● Neutral
This amendment restates the March 8 report to correct the placement agent warrants: 2,217,996 for the March 4 offering (previously 1,159,000) and 4,949,990 for the earlier offerings (previously 5,349,990). The units sold, prices and fees are unchanged; the correction is to the number of warrants issued to placement agents.
2 May 2011securities registration● Neutral
Continental Resources Group, Inc. registered a securities offering with the SEC.
5 Apr 2011securities registration● Neutral
Continental Resources Group, Inc. amended a filing by which it filed notice of an exempt private placement.
23 Mar 2011capital raising announcement● NeutralMajor
On March 17, 2011 the company bought 75.67774% of the membership interests in Secure Energy LLC, a North Dakota company holding uranium leases and an exploration data package, from Prospect Uranium Inc. and Gordon Haworth. It paid $60,000 cash, assumed about $80,000 of obligations, and issued 3,700,000 restricted shares (2,725,000 to Prospect, 975,000 to Haworth) under a 24-month lockup with limited quarterly sales. This is the Prospect Uranium North Dakota data acquisition mentioned in the March press release, now completed, and adds to the company's uranium holdings.
8 Mar 2011capital raising announcement● NeutralMajor
On March 4, 2011 the company sold another 11,689,980 units at $0.50 for $5,844,990, each a share plus a five-year $0.50 warrant, bringing the offering to about $18 million including the $12,225,391.50 from earlier closings (the company's press release says approximately $18 million). It paid placement fees of $584,500 plus warrants for 1,159,000 shares (a figure later corrected, see the May 2 amendment). It must file a resale registration statement within 60 days, with cash penalties of 1% a month up to 6% for delays. This completes the financing begun in December 2010 and adds further shares and warrants outstanding; the press release lists intended uses including the Coso, Blythe and Artillery Peak projects and the pending Arizona, American Nuclear Resources and Prospect Uranium deals, which remain subject to due diligence and definitive documents.
What it means for a shareholder
11.7m new shares at $0.500 to raise about $5.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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28 Feb 2011capital raising announcement● NeutralMajor
On February 28, 2011 the company sold another 7,990,000 units at $0.50 for $3,995,000, each with a share and a five-year $0.50 warrant. It paid placement fees of $399,514.60 plus warrants for 1,718,000 shares. The filing states earlier closings in this offering totalled 16,460,783 units for $8,230,391.50, so the offering now stands at about $12.2 million, with much more dilution from shares and warrants.
What it means for a shareholder
8.0m new shares at $0.500 to raise about $4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Feb 2011securities registration● Neutral
Continental Resources Group, Inc. amended a filing by which it filed notice of an exempt private placement.
23 Feb 2011material agreement● NeutralMajor
On February 15, 2011 the company and its subsidiary Green Energy Fields signed an agreement with Dr. Karen Wenrich to buy the Arizona Breccia Pipes Project mining claims, but only if a 2009 federal land withdrawal is lifted within five years and leaves more than 50% of the claims open. If it completes, the total price is $225,000 in cash (of which $25,000 was due at signing) plus $8,540 of fees already advanced, a 2.5% royalty and 250,000 warrants at $0.45, with at least $1.5 million of exploration spending over three years. There is no assurance the withdrawal will end.
23 Feb 2011material agreement● NeutralMajor
On February 22, 2011 the company signed a non-final memorandum of understanding with American Nuclear Resources LLC to acquire interests in seven uranium exploration properties in Colorado and Utah. The contemplated price is $400,000 cash, 4,000,000 restricted shares and two-year warrants for 4,000,000 shares at $0.50. It depends on definitive agreements and due diligence that has not started, and the MOU lapses after 30 days unless extended. This moves the company into uranium exploration.
23 Feb 2011capital raising announcement● NeutralMajor
On February 18, 2011 the company sold a further 12,159,950 units at $0.50 for $6,079,975, each with a share and a five-year $0.50 warrant, continuing the financing begun in December 2010. It paid placement fees of $400,497.50 plus warrants for 2,431,990 shares. It must file a resale registration statement within 60 days, with cash penalties for delays.
What it means for a shareholder
12.2m new shares at $0.500 to raise about $6.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 Feb 2011quarterly activities report▼ Bad
Continental Resources Group, Inc. reported a quarterly net loss of $4.7 million for the period ended 2011-03-31.
14 Feb 2011late filing notice▼ Bad
Continental Resources Group, Inc. notified the SEC that its quarterly report would be filed late.
7 Jan 2011securities registration● Neutral
Continental Resources Group, Inc. filed notice of an exempt private placement.
5 Jan 2011capital raising announcement● NeutralMajor
On December 29, 2010 the company sold 4,000,000 units at $0.50 for $2,000,000, each unit being one share plus a five-year $0.50 warrant. Bridge notes of $50,000 plus interest converted into 100,833 more units. It paid placement fees of $200,000 plus warrants for 800,000 shares and must register the shares for resale. This is the larger financing that the earlier bridge notes were designed to convert into, and it adds to the shares and warrants outstanding.
21 Dec 2010capital raising announcement● Neutral
The company raised small amounts of money in late 2010: $50,000 of 10% secured convertible bridge notes on October 15 and another $50,000 on December 3, convertible at $1.00 per share. On December 3 it also sold $100,000 of units at $0.50 each (one share plus a five-year warrant at $0.50), half bought by President Joshua Bleak. It also issued 25,000 shares to each holder of $50,000 notes.
15 Nov 2010quarterly activities report▼ Bad
Continental Resources Group, Inc. reported a quarterly net loss of $1.8 million for the period ended 2010-09-30.
20 Aug 2010quarterly activities report▼ Bad
Continental Resources Group, Inc. reported a quarterly net loss of $1.8 million for the period ended 2010-09-30.
16 Aug 2010late filing notice▼ Bad
Continental Resources Group, Inc. notified the SEC that its quarterly report would be filed late.
29 June 2010quarterly activities report▼ Bad
Continental Resources Group, Inc. reported a quarterly net loss of $321 thousand for the period ended 2010-06-30.
29 June 2010late filing notice▼ Bad
Continental Resources Group, Inc. notified the SEC that its annual report would be filed late.
16 Feb 2010late filing notice▼ Bad
Continental Resources Group, Inc. notified the SEC that its quarterly report would be filed late.
5 Feb 2010auditor change● Neutral
Now named American Energy Fields, Inc., the company dismissed auditor George Stewart, CPA on February 1, 2010 and engaged KBL, LLP for the fiscal year ending March 31, 2010. Stewart's reports for fiscal 2009 and 2008 both carried a going-concern warning, and the filing reports no disagreements with him. This is the second auditor change since 2009.
5 Jan 2010securities registration● Neutral
Continental Resources Group, Inc. filed notice of an exempt private placement.
29 Apr 2009auditor change● Neutral
The company, filing under the name Sienna Resources, Inc. (the registrant name on this filing; the same file number as Continental Resources Group's earlier registrations), replaced its auditor on April 23, 2009. It dismissed Laurence Scharfman & Co. and appointed George Stewart, CPA, starting with the period ending March 31, 2009. The prior auditor's report for the year ended March 31, 2008 carried a going-concern warning, and the filing reports no disagreements with that auditor.
16 Apr 2009securities registration● Neutral
Continental Resources Group, Inc. filed the final prospectus for a registered offering.
26 Feb 2009securities registration● Neutral
Continental Resources Group, Inc. amended an already-effective registration statement.
13 Jan 2009securities registration● Neutral
Continental Resources Group, Inc. amended an already-effective registration statement.
30 June 2008securities registration● Neutral
Continental Resources Group, Inc. registered a securities offering with the SEC.
