17 Dec 2010securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Dec 2010material agreement● NeutralMajor
On December 12, 2010 the company (filing as Ardent Mines Limited) signed an exploration and acquisition agreement with Afrocan Resources Ltd. over the Shenda gold licence in Tanzania. It will explore for twelve months and only buys Capri General Trading (the licence holder) if it finds at least 400,000 ounces of gold, paying shares worth $9,000,000 (price per share the lower of $5.00 or the five-day average closing price; total price capped at $12,000,000 if exploration costs exceed $3,000,000). Closing needs due diligence and long-form agreements. A press release the same filing attaches says Rio Sao Pedro due diligence continues, with progress expected through the first two months of 2011, and announces new directors (names not given in the filing). This is a new Tanzania thread alongside the still-unclosed Brazil deal.
13 Dec 2010securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
3 Dec 2010director interest notice● Neutral
Ladner James became a GOLD HILLS MINING, LTD. director and company insider (initial ownership filing).
22 Nov 2010securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
15 Nov 2010quarterly activities report▼ Bad
GOLD HILLS MINING, LTD. reported a quarterly net loss of $414 thousand for the period ended 2010-12-31.
1 Nov 2010director interest notice● Neutral
Margent Gabriel became a GOLD HILLS MINING, LTD. director and company insider (initial ownership filing).
21 Oct 2010material agreement● NeutralMajor
On October 19, 2010 the company agreed a convertible note with CRG Finance AG for up to $1,000,000 at 7.5% interest, drawn in tranches. After the first anniversary it is repayable 30 days after the lender demands it, and the lender may ask for repayment in restricted shares at 80% of the 30-day average closing price before the planned Rio Sao Pedro closing. That conversion could dilute shareholders. The company also released a geology report and a press release on the Rio Sao Pedro deal, which the press release calls a memorandum of understanding and which targets closing in late November or early December 2010. The press release quotes preliminary independent evaluations of about 5,700,000 ounces of gold, but the deal remains subject to due diligence, approvals and final agreements.
29 Sept 2010material agreement● NeutralMajor
On September 25, 2010 the company signed a non-final letter of intent to buy Rio Sao Pedro Mineracao LTDA, a Brazilian company that owns the prospective Fazenda Lavras gold property near Paracatu. It would issue 14,957,650 shares, equal to 50% of the company after issuance, so existing shareholders would be diluted to half. Closing depends on conditions such as a geology survey, audited accounts and government approvals. The sellers would get a right to take back their shares if the share price misses certain benchmarks. The target for final agreements is 90 days. This is a change of direction from the earlier British Columbia claim, and it is signed by a new president, Leonardo Alberto Riera.
10 Sept 2010director interest notice● Neutral
Feliu Luis became a GOLD HILLS MINING, LTD. Chief Financial Officer and company insider (initial ownership filing).
31 Aug 2010director interest notice● Neutral
Riera Leonardo became a GOLD HILLS MINING, LTD. President and company insider (initial ownership filing).
22 July 2010securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
8 July 2010securities registration● Neutral
GOLD HILLS MINING, LTD. registered a securities offering with the SEC.
29 Sept 2009late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
23 Feb 2009director interest notice● Neutral
Turu Urmas became a GOLD HILLS MINING, LTD. President, CEO, CFO and company insider (initial ownership filing).
17 Feb 2009late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.
30 Sept 2008late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
29 May 2008business combination● NeutralMajor
Control of the company changed hands: on March 20, 2008, sole director Taras Chebountchak sold his 5,000,000 shares (35.07%) to eight individuals for a total of $10,000, with no buyer taking 5% or more. Christopher A. Wilson, a securities lawyer, was appointed director and sole officer on May 27, 2008, and Mr. Chebountchak's resignation as director takes effect ten days after the filing. There are 14,257,650 shares outstanding, and shareholders are asked to take no action.
28 May 2008director interest notice● Neutral
Wilson Christopher Aaron became a GOLD HILLS MINING, LTD. Chairman, CEO, Pres. CFO, Trea and company insider (initial ownership filing).
27 Sept 2007material agreement● Neutral
On September 24, 2007 the company agreed to pay independent consultant Natasha Lysiak $1,000 a month for twelve months to assist with future operations of its mineral exploration program. This is a small commitment of about $12,000 in total, and she is described as an unaffiliated third party.
8 Jan 2007material agreement● NeutralMajor
The company said its original British Columbia claims expired on August 26, 2006, and that it held no property until December 2006. Its president, Taras Chebountchak, then bought a claim of eleven cells for $7,500 from geologist Lloyd C. Brewer, and on January 2, 2007 signed a declaration saying he holds it in trust for the company. Title is not in the company's name and no bill of sale has been given, so the company's rights depend on Mr. Chebountchak; the filing says he would transfer to a subsidiary if mineralized material is found. The company reports no revenue, no operations, a going-concern opinion, and no work yet done on the new property.
29 Sept 2006late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
15 Feb 2005late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.
11 Jan 2005auditor change● Neutral
This amendment updates the May 2004 auditor-change filing: Chavez & Koch replied on January 10, 2005 agreeing with the company's statements, and the letter is attached as Exhibit 16.1. The rest of the text repeats the earlier filing, including the going-concern doubt in the 2003 audit report. It resolves the open point from the May 2004 filing.
3 Jan 2005director interest notice● Neutral
GOLD HILLS MINING, LTD. Secretary Taras Chebountchak bought 2,500,000 shares on the open market at $0.01.
23 Dec 2004director interest notice● Neutral
GOLD HILLS MINING, LTD. President Reg C Handford sold 2,500,000 shares at $0.01.
17 Nov 2004late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.
28 Sept 2004late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
28 May 2004auditor change▼ Bad
Ardent Mines dismissed Chavez & Koch as auditors on May 21, 2004 and hired Malone and Bailey, PLLC of Houston for the fiscal year ending June 30, 2004. The company said there were no disagreements, and that the dismissal was for 'expediency and convenience'. Chavez & Koch's report on the year ended June 30, 2003 had included substantial doubt about the company's ability to continue as a going concern. Chavez & Koch had not yet replied to the company's request for a letter confirming the statements.
18 May 2004late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.