12 Dec 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Dec 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
22 Nov 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
14 Nov 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
4 Nov 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
27 Oct 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
15 Aug 2011quarterly activities report▼ Bad
EL CAPITAN PRECIOUS METALS INC reported a quarterly net loss of $559 thousand for the period ended 2011-06-30.
20 July 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed notice of an exempt private placement.
19 July 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
12 July 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
12 July 2011capital raising announcement● NeutralMajor
On July 11, 2011 the company signed an Equity Purchase Agreement with Southridge Partners II letting it, at its option, sell up to $5,000,000 of new shares through July 11, 2013. Southridge pays 94% of a market price based on the two lowest closing bids in a five-day window, each sale is capped at the lesser of $500,000 or 250% of average daily dollar volume, and the company issued 80,000 restricted shares to Southridge as a fee. The company has no obligation to sell, and any sales would add shares and dilute existing holders.
21 June 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC registered a securities offering with the SEC using its shelf eligibility.
16 May 2011quarterly activities report▼ Bad
EL CAPITAN PRECIOUS METALS INC reported a quarterly net loss of $1.2 million for the period ended 2011-03-31.
11 Feb 2011quarterly activities report▼ Bad
EL CAPITAN PRECIOUS METALS INC reported a quarterly net loss of $252 thousand for the period ended 2010-12-31.
9 Feb 2011securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC amended an already-effective registration statement.
26 Jan 2011asset acquisition disposition● NeutralMajor
The Gold and Minerals stockholders approved the merger on January 18, 2011, and the Articles of Merger were filed in Nevada on January 19, 2011. This completes the merger pending since 2008 and revived in June 2010: the company now owns 100% of the El Capitan property in New Mexico (previously 40% via ECL). It expects to issue about 148,065,000 new shares to G&M holders, most restricted from transfer for 90 days and the rest of the first year, so existing holders are diluted (the earlier S-4 put G&M holders at about 60.7%).
29 Dec 2010late filing notice▼ Bad
EL CAPITAN PRECIOUS METALS INC notified the SEC that its annual report would be filed late.
14 Dec 2010securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed the final prospectus for a registered offering.
10 Nov 2010business combination● Neutral
On November 10, 2010 the company filed Amendment No. 1 to the merger Form S-4 under registration number 333-170281. The visible text repeats the original terms (about 148,065,000 shares, about 60.7% to G&M holders, about 1.4073 shares per G&M share) and I can't see what changed from the part provided. The merger still awaits SEC effectiveness and a G&M stockholder vote.
2 Nov 2010business combination● NeutralMajor
On November 2, 2010 the company filed the Form S-4 for the Gold and Minerals merger that it had delayed since July 2008. It registers up to 148,065,000 shares, to be issued at 1.5 times the company's shares outstanding plus those under warrants and options, about 1.4073 shares per G&M share, and G&M holders would own about 60.7% of the company. The draft leaves dates and some numbers blank, and G&M's stockholders still must vote; the SEC has not yet reviewed it. Existing holders would be diluted to about 39% (inference from the 60.7% figure).
20 Aug 2010quarterly activities report▼ Bad
EL CAPITAN PRECIOUS METALS INC reported a quarterly net loss of $818 thousand for the period ended 2010-06-30.
16 Aug 2010late filing notice▼ Bad
EL CAPITAN PRECIOUS METALS INC notified the SEC that its quarterly report would be filed late.
30 July 2010securities registration● Neutral
EL CAPITAN PRECIOUS METALS INC filed notice of an exempt private placement.
7 July 2010capital raising announcement● NeutralMajor
On June 28, 2010 the directors of the company, Gold and Minerals and a merger subsidiary (MergerCo) signed a new Agreement and Plan of Merger, reviving the merger that stalled in 2008. The company estimates about 144-148 million new shares would go to G&M holders, giving them about 60% of the company (versus about 56% in the February 2008 deal); the new terms mean the company would own 100% of the El Capitan property owner, ECL. Charles Mottley is a director of the company, G&M and MergerCo. Separately, from May 25 to July 2, 2010 it sold restricted shares for $50,100 (143,144 shares) and $877,066 (2,505,903 shares) to investors, leaving 93,983,742 shares outstanding at July 2, 2010. A Form S-4 is still to be filed.
14 May 2010material agreement▲ GoodMajor
On May 12, 2010 the company entered a joint venture with Planet Resource Recovery to process about 200 tons of concentrate, made several years ago at the El Capitan property, at a Planet plant in the Houston area. Recovered precious metals are to be sold and net profit or loss split equally after costs; Planet owns the technology used. The press release now names Chuck Mottley as President and CEO, and the company address is Scottsdale, AZ, and the filing shows Stephen Antol as CFO again, so leadership has changed since 2008 (Pavlich/Wilson). The company also describes a 20% ownership in 13 mining claims (C.O.D. mine near Kingman, Arizona), not previously in the context.
29 Dec 2009late filing notice▼ Bad
EL CAPITAN PRECIOUS METALS INC notified the SEC that its annual report would be filed late.
14 May 2009late filing notice▼ Bad
EL CAPITAN PRECIOUS METALS INC notified the SEC that its quarterly report would be filed late.
30 Dec 2008late filing notice▼ Bad
EL CAPITAN PRECIOUS METALS INC notified the SEC that its annual report would be filed late.
1 Aug 2008material agreement▼ Bad
On July 30, 2008 the board raised the number of shares available under the 2005 Stock Incentive Plan from 11,000,000 to 16,000,000. This allows up to 5,000,000 more shares to be granted under the plan, which could dilute existing holders as awards are made; the filing gives no grants or recipients.
23 July 2008business combination▼ BadMajor
On July 23, 2008 the company said the Gold and Minerals merger is ready for a Form S-4 filing but it will delay that filing until enough funding is raised to cover accrued and future merger expenses. The company said it had expected the merger to be complete by now, but due diligence delays (mainly obtaining current audited G&M financial statements and documents on historical G&M transactions) raised costs. This continues the merger thread and pushes it past the May 1, 2008 outside date in the February 2008 agreement; no new closing date is given.