Newport Gold, Inc.
5 story beats from 2006 to 2014
The story so far
The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.
shares on issue market cap (log scale)
201457.3m shares · US$1.7m market cap
- 16 July
Newport Gold, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
listing compliance notice
57.3m shUS$1.7m
2008
- 14 Nov
Newport Gold, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
listing compliance notice
- 27 Aug
Newport Gold wiped out $711,861 of debt by issuing 14.2 million shares at $0.05 each to 15 individuals -- a heavily dilutive conversion that included debt originally owed to CEO Derek Bartlett ($277,859), his late son's estate, and major shareholder Ann Pineau ($302,000), i.e. mostly insider and insider-adjacent debt.
capital raising announcement
2007
- 14 Aug
Newport Gold exercised its right of first refusal to earn an additional 30% interest in the Inner Mongolia property, issuing 3 million more shares -- bringing its total option up to a full 50% interest in the property.
asset acquisition disposition
2006
- 28 Nov
Newport Gold acquired an option to earn a 20% interest in a mineral exploration property in Inner Mongolia, China, paying 2.5 million restricted shares to nine individual optionors and property holder Noront Resources -- the company's first real operating asset.
capital raising announcement