29 Sept 2011quarterly activities report▼ Bad
Cyclone Uranium Corp reported quarterly revenue of $0 and a net loss of $191 thousand for the period ended 2011-07-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Sept 2011quarterly activities report▼ Bad
Cyclone Uranium Corp reported quarterly revenue of $0 and a net loss of $191 thousand for the period ended 2011-07-31.
15 July 2011material agreement▲ GoodMajor
On July 13, 2011 the company renegotiated with Tournigan Energy: Tournigan forgave the $600,000 still owed and gave up its 30% carried interest (and the option of a 30% working interest or 5% net profits interest), in return for a 2% net smelter royalty capped at $10,000,000 on uranium production in Carbon, Fremont, Sublette and Sweetwater counties in Wyoming and Fall River County in South Dakota. The company can buy back half the royalty for $3,000,000 until July 13, 2016, leaving a 1% royalty capped at $5,000,000. This resolves the Tournigan debt and carried-interest thread from the 2008-09 acquisition.
10 June 2011quarterly activities report▼ Bad
Cyclone Uranium Corp reported quarterly revenue of $0 and a net loss of $90 thousand for the period ended 2011-04-30.
15 Dec 2010quarterly activities report▼ Bad
Cyclone Uranium Corp reported a quarterly net loss of $130 thousand for the period ended 2010-10-31.
14 Sept 2010quarterly activities report▼ Bad
Cyclone Uranium Corp reported a quarterly net loss of $187 thousand for the period ended 2010-07-31.
3 May 2010late filing notice▼ Bad
Cyclone Uranium Corp notified the SEC that its annual report would be filed late.
12 Apr 2010securities registration● Neutral
Cyclone Uranium Corp filed notice of an exempt private placement.
9 Apr 2010director interest notice● Neutral
Cyclone Uranium Corp director James Michael Seed bought 900,000 shares on the open market.
8 Apr 2010capital raising announcement● NeutralMajor
The company closed the first part of a private placement of up to $750,000, selling 6,109,820 units at $0.06 for $366,590. Each unit is one share plus a warrant to buy another share at $0.12 until March 30, 2012; $142,749 was subscribed by three officers and directors. The filing says the units were paid for with cash and conversion of debt. This is new equity, and under the Tournigan arrangement half of the net proceeds of such issues was earmarked for the $430,000 owed (inference: that obligation may apply here, though the filing does not mention it).
7 Apr 2010director interest notice● Neutral
Cyclone Uranium Corp Chm., Pres. & CEO Peter Bojtos bought 3,358,300 shares on the open market.
7 Apr 2010director interest notice● Neutral
Cyclone Uranium Corp director William Rapaglia bought 500,000 shares on the open market.
25 Jan 2010capital raising announcement● Neutral
On January 21, 2010 the company issued 125,000 shares to two financial consultants for services valued at $7,500 ($0.06 per share), and granted stock options to directors and others, all expiring January 21, 2015. The four directors (Bojtos, Rapaglia, Helgeson, Seed) got 500,000 options each at $0.06, Bojtos got a further 500,000 at $0.08, five individuals got 1,150,000 at $0.06 and one individual got 100,000 at $0.30. This adds to the share count and potential dilution; no cash was raised.
5 Jan 2010material agreement▲ GoodMajor
The company renegotiated its Tournigan debts. The $325,327 note was cut to $100,000, already paid. A further $100,000 was paid against the $530,000 owed, leaving $430,000 to be paid from half the net proceeds of future share issues. The remaining $348,000 (after $52,000 of reclamation costs) is due by September 30, 2010. This eases the original August 2009 deadlines. CEO Bojtos is a Tournigan Energy director and declared his interest.
14 Sept 2009late filing notice▼ Bad
Cyclone Uranium Corp notified the SEC that its quarterly report would be filed late.
5 Aug 2009material agreement● Neutral
This amendment repeats the Tournigan USA acquisition terms and adds the required financial statements for Tournigan USA and unaudited pro-forma figures. The filing text gives no figures from those statements.
15 June 2009late filing notice▼ Bad
Cyclone Uranium Corp notified the SEC that its quarterly report would be filed late.
23 Mar 2009material agreement● NeutralMajor
The Tournigan USA acquisition closed on February 27, 2009. The company gave Tournigan Energy a $325,327 unsecured interest-free note due August 31, 2009 and a 30% carried interest, and must still deal with reclamation bonds of $930,000 less reclamation costs. CEO Peter Bojtos is also a director of Tournigan Energy and declared his interest to the independent directors.
6 Oct 2008material agreement● NeutralMajor
The company signed a binding letter agreement to buy Tournigan USA from Tournigan Energy. Its assets are mineral claims and leases over 55,000+ acres in Wyoming, South Dakota and Arizona. Terms: a ~$309,500 interest-free note due August 31, 2009, reimbursement of reclamation bonds of $930,000 less reclamation costs, and a 30% carried interest for Tournigan. Closing is expected by December 2008, subject to definitive documents and approvals. This is the company's move into U.S. uranium properties.
22 May 2008director interest notice● Neutral
Cyclone Uranium Corp President Peter Bojtos bought 25,000 shares on the open market.
21 May 2008substantial holder notice● Neutral
Peter Bojtos reported a Cyclone Uranium Corp shareholding of 5,163,267 shares (7.10% of votes) in a periodic institutional filing.
20 May 2008director interest notice● Neutral
Cyclone Uranium Corp President Peter Bojtos bought 38,000 shares on the open market.
15 Jan 2008capital raising announcement● Neutral
The board extended the expiry of 10,800,000 warrants (exercise price $0.10) from the 2006 private placements by one year, to January 15, 2009. The filing does not say why.
15 Jan 2008substantial holder notice● Neutral
Peter Bojtos reported a Cyclone Uranium Corp shareholding of 5,125,267 shares (7.00% of votes) in a periodic institutional filing.
15 Jan 2008director interest notice● Neutral
Cyclone Uranium Corp President Peter Bojtos exercised stock options for 1,000,000 shares and disposed of 1,000,000 shares.
3 Aug 2007substantial holder notice● Neutral
Peter Bojtos disclosed a new substantial Cyclone Uranium Corp shareholding (6.30% of votes).
3 Aug 2007substantial holder notice● Neutral
George Beattie disclosed a new substantial Cyclone Uranium Corp shareholding (9.10% of votes).
9 July 2007director interest notice● Neutral
Cyclone Uranium Corp President Peter Bojtos exercised stock options for 250,000 shares and disposed of 250,000 shares.
9 July 2007director interest notice● Neutral
Cyclone Uranium Corp director George Beattie disposed of 500,000 shares via option/appreciation-right settlement.
24 May 2007capital raising announcement● Neutral
The company issued shares to CEO Peter Bojtos ($17,500 of services) and to another service provider ($7,000) and granted 1.5 million options at $0.10 to its five directors. The board also extended 1,000,000 director options at $0.05 from June 2007 to June 2009. These issues add to dilution for existing shareholders.