14 May 2009material agreement● Neutral
Golden Aria renewed its related-party controller services agreement with CAB Financial Services for another six months.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2008material agreement● Neutral
Golden Aria entered ongoing consulting agreements with President Robert McAllister and with CAB Financial Services (controlled by Chairman/CEO Chris Bunka), continuing its pattern of related-party service contracts.
3 Dec 2008capital raising announcement● Neutral
Golden Aria borrowed CAD$50,000 from 0743608 BC Ltd., an entity controlled by a director, via an 18%-interest promissory note convertible into shares at $0.25 - an early instance of the insider lending that would recur throughout the company's history.
4 Sept 2008material agreement● Neutral
Golden Aria renewed its related-party controller services agreement with CAB Financial Services (controlled by Chairman/CEO Chris Bunka) for another six months.
23 Apr 2008asset acquisition disposition● Neutral
Golden Aria invested $45,000 for an 8.25% equity stake in Pro Eco Energy USA and appointed Roger Huber to its advisory board - the origin of the Pro Eco stake it would later sell in 2013.
3 Mar 2008material agreement● Neutral
Golden Aria engaged CAB Financial Services - a consulting firm controlled by its own Chairman/CEO Chris Bunka - to provide accounting and controller services for CAD$3,500/month, the first in a recurring series of related-party service agreements.
19 Dec 2007material agreement● Neutral
Golden Aria's directors adopted a stock option plan reserving up to 2.8 million shares for employees and consultants, routine corporate housekeeping.
6 Dec 2007asset acquisition disposition▲ GoodMajor
Golden Aria Corp completed a reverse-merger-style share exchange acquiring Target Energy, Inc. in full, issuing 13,810,000 shares (about 47% of the combined company) to Target's shareholders and gaining Target's Saskatchewan oil and gas interests: two producing horizontal wells (Wordsworth, West Queensdale) and the undeveloped Coteau Lake exploration acreage - the origin of the oil and gas assets the company would sell off starting in 2009.
27 Mar 2007material agreement termination▼ Bad
Golden Aria terminated its exploration/option agreement to earn a 60% interest in the Coal Canyon mining claims in Nevada, walking away after meeting only its first-year minimum spending obligation.
19 Mar 2007material agreement● Neutral
Golden Aria agreed to acquire rights to participate in drilling and testing oil wells on a property, in exchange for CAD$500,000 and 1,000,000 shares payable once a definitive assignment agreement closed.
4 Aug 2006auditor change● Neutral
Golden Aria Corp (later renamed Enertopia) dismissed Ernst & Young and engaged Velmer & Chang as its auditor, with no disagreements over accounting matters - a small shell company at this point.