11 Feb 2010substantial holder notice● Neutral
Ronald A. Zlatniski disclosed a new substantial DELTA OIL & GAS INC shareholding (5.47% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2009director interest notice● Neutral
DELTA OIL & GAS INC Chief Executive Officer Gay Christopher Paton received a stock option grant for 200,000 shares.
3 Dec 2009director interest notice● Neutral
DELTA OIL & GAS INC CFO & Princ. Financial Officer Kulwant Sandher received a stock option grant for 200,000 shares.
3 Dec 2009director interest notice● Neutral
DELTA OIL & GAS INC President Douglas Nelson Bolen received a stock option grant for 200,000 shares.
16 Nov 2009late filing notice▼ Bad
DELTA OIL & GAS INC notified the SEC that its quarterly report would be filed late.
14 Aug 2009late filing notice▼ Bad
DELTA OIL & GAS INC notified the SEC that its quarterly report would be filed late.
6 July 2009director interest notice● Neutral
DELTA OIL & GAS INC CFO & Princ. Financial Officer Kulwant Sandher sold 35,000 shares at $0.04.
7 Apr 2009director interest notice● Neutral
DELTA OIL & GAS INC Chief Executive Officer Gay Christopher Paton received 500,000 shares and a 500,000-share option grant as part of the equity award.
7 Apr 2009director interest notice● Neutral
Gay Christopher Paton became a DELTA OIL & GAS INC Chief Executive Officer and company insider (initial ownership filing).
7 Apr 2009director interest notice● Neutral
DELTA OIL & GAS INC President Douglas Nelson Bolen received 500,000 shares as part of the equity award.
27 Mar 2009business combination● NeutralMajor
Delta filed the final amendment to its Stallion tender offer paperwork, confirming the offer expired March 26, 2009 and that 58,635,139 Stallion shares (about 80%) were validly tendered and accepted for payment. The attached press release repeats about 19,545,026 new Delta shares (about 80% of Delta's stock after the deal) and about $46,908 cash, so this formally closes the offer and confirms the heavy dilution of existing Delta holders.
27 Mar 2009director interest notice● Neutral
Delta Oil & Gas INC became a DELTA OIL & GAS INC 10%+ owner and company insider (initial ownership filing).
27 Mar 2009asset acquisition disposition▼ BadMajor
Delta completed its Stallion offer: it told the depositary to take up and pay for the 58,635,139 Stallion shares tendered, about 80% of Stallion's outstanding shares. Delta expects to issue 19,545,026 of its own shares and pay about $46,908 in cash; the press release says the new shares will be about 80% of Delta's outstanding stock after the deal, so existing Delta holders are heavily diluted. This resolves the open question of whether the Stallion offer would succeed.
17 Mar 2009business combination● Neutral
Delta extended the Stallion offer a second time, from March 25 to March 26, 2009. About 8,142,864 Stallion shares had been tendered and not withdrawn as of March 16, 2009, up from about 5,991,239 three days earlier. All other terms, including the 50% minimum condition, were unchanged.
17 Mar 2009securities registration● Neutral
DELTA OIL & GAS INC filed the final prospectus for a registered offering.
16 Mar 2009securities registration● Neutral
DELTA OIL & GAS INC filed the final prospectus for a registered offering.
16 Mar 2009business combination● NeutralMajor
Delta extended the Stallion offer from March 17 to March 25, 2009, and lowered the minimum acceptance condition from 80% to at least 50% of Stallion's fully diluted shares. About 5,991,239 Stallion shares had been tendered and not withdrawn as of March 13, 2009. The lower threshold makes it easier for the offer to complete, which means Delta would be more likely to issue the new shares.
9 Feb 2009business combination● NeutralMajor
Delta formally launched its tender offer for all Stallion Group shares, on the same terms (0.333333 Delta share plus $0.0008 cash per Stallion share), with a prospectus dated February 9, 2009. The attached letter of acceptance says the offer is open until 5:00 p.m. Eastern on March 17, 2009, unless extended or withdrawn. This turns the earlier draft offer into a live one; the filing fee valuation puts the maximum Delta shares issuable at 24,419,812.
9 Feb 2009securities registration● Neutral
DELTA OIL & GAS INC filed the final prospectus for a registered offering.
23 Jan 2009business combination● Neutral
Delta filed a second amendment to its registration for the offer to buy all of The Stallion Group, still at 0.333333 of a Delta share plus $0.0008 cash per Stallion share. The offer is still subject to conditions and the expiry date is still blank in this draft, so it continues the October and December 2008 filings; if Stallion holders accept, Delta holders would be diluted.
16 Dec 2008business combination● Neutral
Delta amended its Stallion Group offer filing. The exchange ratio is now stated as 0.333333 of a Delta share plus $0.0008 cash per Stallion share, and a 'source and amount of funds' section was added. The offer is still subject to conditions with no expiry date set in this draft. This continues the October 2008 offer.
7 Oct 2008business combination● NeutralMajor
Delta filed to register shares for an offer to buy all outstanding shares of The Stallion Group, giving 0.333 of a Delta share plus $0.0008 cash per Stallion share. Up to 27,168,832 Delta shares could be issued, so Delta holders would be diluted if the offer is accepted. The offer has conditions and no expiry date was set in this draft.
31 Mar 2008late filing notice▼ Bad
DELTA OIL & GAS INC notified the SEC that its annual report would be filed late.
6 Dec 2007director interest notice● Neutral
DELTA OIL & GAS INC Chief Executive Officer Douglas Nelson Bolen sold 20,000 shares at $0.47.
25 Oct 2007director interest notice● Neutral
DELTA OIL & GAS INC Chief Financial Officer Kulwant Sandher sold 98,290 shares at $0.57.
24 July 2007securities registration● Neutral
DELTA OIL & GAS INC amended a filing by which it registered a small-business securities offering with the SEC.
18 July 2007director interest notice● Neutral
DELTA OIL & GAS INC 10%+ owner Pamela Starek sold 12,250,000 shares at $0.00.
17 July 2007securities registration● Neutral
DELTA OIL & GAS INC registered a small-business securities offering with the SEC.
7 June 2007director interest notice● Neutral
DELTA OIL & GAS INC CEO Douglas Nelson Bolen sold 10,000 shares.
30 May 2007director interest notice● Neutral
DELTA OIL & GAS INC CEO, CFO Douglas Nelson Bolen sold 40,000 shares.