7 Aug 2017listing compliance notice▼ BadMajor
DEL TORO SILVER CORP. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Apr 2017capital raising announcement▼ Bad
Del Toro Silver issued 806,575 more shares at $0.01 to settle further accumulated interest on the same long-running $50,000 debt.
7 Mar 2017material agreement● NeutralMajor
Del Toro Silver agreed to buy four mining claims in Storey County, Nevada from Comstock Resources Development LLC for 1,000,000 shares plus a 5% smelter royalty and 25% of any future resale proceeds - its latest small mineral-claim deal after losing all three of its earlier projects.
28 Dec 2016capital raising announcement▼ Bad
Del Toro Silver issued 683,836 shares at $0.01 to settle roughly two years of accumulated interest on the same $50,000 debt it had been paying down in kind since 2015.
11 Oct 2016material agreement▼ BadMajor
Del Toro Silver took an option (for a nominal $100 deposit) on the Mt. Vernon Mine claims in Sierra County, California from Lazarus Mining LLC - which the filing discloses is wholly owned and controlled by Patrick Fagen, the company's own president, CEO, CFO, secretary, treasurer and director, who had lent the company $55,000 two weeks earlier. The company's top executive was now on both sides of its financing and its asset deals.
23 Sept 2016material agreement▲ GoodMajor
Del Toro Silver settled both of its outstanding Asher Enterprises toxic convertible notes for a lump-sum $50,000 cash payment with mutual releases, finally ending the years-long death-spiral financing relationship that had been diluting shareholders roughly every month since late 2013.
23 Sept 2016material agreement▼ Bad
Del Toro Silver borrowed $55,000 from a new lender, Lazarus Mining LLC, convertible at $0.0202 per share, the same week it settled its Asher Enterprises notes.
20 Sept 2016capital raising announcement▼ BadMajor
Del Toro Silver renewed the Bowerman Holdings (California) deal once more, extending the closing to March 2017 - nearly five years after the original 2011 signing - this time paying for the extension with 1,000,000 shares issued to Bowerman's parent, Trinity Alps Resources.
4 May 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting the same note, continuing the steady monthly dilution.
25 Apr 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting the same note, again signed by CFO Patrick Fagen.
18 Apr 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,246,875 more shares converting the Asher note; the filing was signed by CFO Patrick Fagen rather than CEO Greg Painter, who had signed every prior 8-K.
21 Jan 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,000 more shares converting part of the same October 2013 Asher note.
13 Jan 2016capital raising announcement▼ Bad
CFO Patrick Fagen disclosed three more convertible loans made in late 2015 (September, October and December), and the company issued 1,246,000 more shares converting the October 2013 Asher note.
21 Dec 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,246,386 more shares converting part of its October 2013 Asher note - conversions from that single note had by now been running in similar roughly-1.2-million-share tranches for over a year.
9 June 2015capital raising announcement▼ Bad
CFO Patrick Fagen made two more small loans to the company, $1,500 in May 2015 (convertible at $0.005 per share) and another in June, continuing the pattern of the CFO personally keeping it funded.
13 Apr 2015capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company $2,100, convertible at $0.0025 per share.
31 Mar 2015capital raising announcement▼ Bad
Del Toro Silver issued 603,836 shares at $0.01 to settle accrued interest on a $50,000 debt, and 3,571,429 shares to CFO Patrick Fagen to convert just $7,500 of loan principal at $0.0021 per share - among the lowest conversion prices yet, showing how far the stock had collapsed.
24 Mar 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,230,769 more shares converting part of its October 2013 Asher note, renewed CEO Painter's and CFO Fagen's consulting agreements (backdated to September 2013), and took on another Fagen convertible loan.
15 Jan 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting part of its October 2013 Asher Enterprises note.
12 Nov 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $1,300, convertible at $0.005 per share - roughly 95% below the $0.10 conversion rate used on loans made less than eighteen months earlier.
7 Nov 2014material agreement▼ Bad
CFO Patrick Fagen loaned the company $7,000, convertible at just $0.007 per share as the stock price continued to collapse.
28 Oct 2014capital raising announcement▼ BadMajor
Del Toro Silver extended the Bowerman Holdings closing again, this time to August 2015 - nearly four years after the deal was first signed in November 2011.
4 Sept 2014material agreement▼ BadMajor
Del Toro Silver extended the Bowerman Holdings (California) claims deal yet again, to November 2014 with further extension options available - three years after the original signing with still no closing.
26 Aug 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,139,535 more shares converting part of its October 2013 Asher Enterprises note.
18 Aug 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company $4,000, convertible at $0.015 per share.
21 July 2014capital raising announcement▼ Bad
Del Toro Silver hired investor-marketing consultant Daniel T. Cook, paying him 1,000,000 restricted shares plus a 6% finder's fee on any capital he helped raise - more stock-based spending on promotion rather than operations.
27 June 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $1,500, convertible at $0.02 per share, as the stock kept sliding.
21 May 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver $17,500, convertible at just $0.025 per share - a fraction of the $0.10 rate used on loans through 2013, reflecting how far the stock had fallen.
5 May 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,085,333 more shares converting part of its October 2013 Asher Enterprises note.
22 Apr 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $5,000 more, convertible at $0.10 per share.