Past year: ▲ 843%(53.0c – 5.60 USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2011auditor change● Neutral
On June 9, 2011 Mustang Geothermal dismissed its auditor Jewett Schwartz & Wolfe & Associates and hired Chang G. Park, CPA, Ph.D. of San Diego. The filing reports no disagreements with the former auditor. Its reports for the last two years included a going-concern doubt, citing limited operations and no established source of revenue.
9 Dec 2010director interest notice● Neutral
Genoa Energy Resources INC. became a DAKOTA TERRITORY RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
16 Nov 2010director interest notice● Neutral
DAKOTA TERRITORY RESOURCE CORP 10%+ owner Enco Explorations, INC sold 84,200 shares at $0.12.
16 Nov 2010director interest notice● Neutral
DAKOTA TERRITORY RESOURCE CORP 10%+ owner C. A. Barcomb sold 84,200 shares at $0.12.
15 Nov 2010late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
8 Nov 2010material agreement● NeutralMajor
On November 5, 2010 Mustang Geothermal agreed to buy 99.9% of Andean Geothermic Energy SAC from Genoa Energy Resources Inc. for 15 million shares valued at $0.12 each plus $25,000 cash. The target controls four geothermal exploration applications covering 3,600 hectares (8,896 acres) in Puno and Arequipa, Peru. This extends the geothermal strategy outside Nevada and adds more shares.
30 Sept 2010director interest notice● Neutral
Dakota Resource Holdings LLC became a DAKOTA TERRITORY RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
10 Sept 2010director interest notice● Neutral
Minera, INC. became a DAKOTA TERRITORY RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
8 Sept 2010director interest notice● Neutral
Minera Cerro El Diablo, INC. became a DAKOTA TERRITORY RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
8 Sept 2010director interest notice● Neutral
Minera, INC. became a DAKOTA TERRITORY RESOURCE CORP 10%+ owner and company insider (initial ownership filing).
31 Aug 2010material agreement● NeutralMajor
The company, now named Mustang Geothermal Corp. (formerly Urex Energy), agreed on August 26, 2010 to buy three more Nevada geothermal leases totaling 9,800 acres for 14 million shares valued at $0.15 each ($2.1 million). The sellers are Minera Inc., Dakota Resource Holding LLC and Minera Cerro El Diablo Inc. The company says it now owns 15,262 acres of Nevada geothermal leases and describes the shift as part of an on-going reorganization. This continues the geothermal push begun in March 2010 and adds further shares.
16 Aug 2010quarterly activities report● Neutral
DAKOTA TERRITORY RESOURCE CORP reported quarterly revenue of $0 for the period ended 2010-06-30.
30 June 2010late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its annual report would be filed late.
23 Mar 2010material agreement● NeutralMajor
On March 18, 2010 the company agreed to buy three geothermal leases totaling 6,582 acres in Nevada from Enco Explorations Inc. in exchange for 100 million shares of its common stock. This is a move into geothermal energy, away from uranium. The 100 million shares would be a large increase in the share count (the existing count is not given in these filings).
12 Feb 2010late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP amended its notice to the SEC that its quarterly report would be filed late.
2 Dec 2009material agreement termination▼ BadMajor
The company terminated the August 2009 sale of UEM to SGI Partners because SGI failed to meet the agreement's requirements. On December 1, 2009 it signed a letter of intent to sell UEM to UrAmerica Ltd. of London for US$500,000 cash, with UrAmerica assuming up to US$275,000 of UEM's debts. This contradicts the earlier SGI deal and restarts the UEM sale, which is only a letter of intent so far. Proceeds are again meant to pay down debt and fund La Jara Mesa.
13 Nov 2009late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
14 Aug 2009late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
7 Aug 2009asset acquisition disposition● NeutralMajor
On August 4, 2009 the company agreed to sell its Argentine subsidiary UEM (acquired in 2006) to SGI Partners, LLC for US$500,000 cash. It keeps a 2% net smelter royalty that SGI can cut by 1% for a US$2 million payment, and SGI takes on UEM's outstanding debts. The company says it will use the proceeds to pay down debt and focus on its 100%-owned La Jara Mesa Extension uranium property in New Mexico, which is still obtaining exploration drill permits. This reverses the 2006 move into Argentina. The filing is under the 'completion' item but describes only an agreement.
30 June 2009late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its annual report would be filed late.
26 Aug 2008capital raising announcement● Neutral
On August 19, 2008 the company issued a US$100,000 convertible note to Four Tong Investments Limited, due August 13, 2010 at 5% interest. The holder can convert into shares at the greater of the prior-day market price or $0.10 per share, and can demand immediate repayment on a default. This is new debt that could convert into shares.
15 Aug 2008late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
30 June 2008late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its annual report would be filed late.
29 June 2007late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its annual report would be filed late.
24 Apr 2007director interest notice● Neutral
Oscar Yoshitaka Yokoi became a DAKOTA TERRITORY RESOURCE CORP director and company insider (initial ownership filing).
15 Feb 2007late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
12 Feb 2007director interest notice● Neutral
Brian Leslie Cole became a DAKOTA TERRITORY RESOURCE CORP director and company insider (initial ownership filing).
8 Jan 2007capital raising announcement● NeutralMajor
On December 29, 2006 the company closed a second private placement of 6,000,000 units at $0.25 each, raising $1,500,000 for working capital, on the same terms as the November placement (Series A warrants at $0.50 for one year, Series B at $1.00 for two years). Together with November, the two placements raised $2,500,000 for 10,000,000 shares. The 3,000,000 Series A and 3,000,000 Series B warrants add further potential dilution. A finder's fee of up to 5% applies.
What it means for a shareholder
6.0m new shares at $0.250 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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30 Nov 2006capital raising announcement● NeutralMajor
On November 22, 2006 the company closed a private placement of 4,000,000 units at $0.25 each for gross proceeds of $1,000,000, to be used for working capital. Each unit has one share plus half a Series A warrant (exercisable at $0.50 for one year) and half a Series B warrant (exercisable at $1.00 for two years). A cash finder's fee of up to 5% applies on part of the placement. This is the first fundraising since the UEM acquisition and adds shares and potential dilution from 2,000,000 Series A and 2,000,000 Series B warrants.
15 Nov 2006late filing notice▼ Bad
DAKOTA TERRITORY RESOURCE CORP notified the SEC that its quarterly report would be filed late.
