15 Nov 2013late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Sept 2013late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
3 July 2013director interest notice● Neutral
Darby Investment Services INC. became a GOLD HILLS MINING, LTD. 10%+ owner and company insider (initial ownership filing).
3 July 2013director interest notice● Neutral
Gabriel Margent became a GOLD HILLS MINING, LTD. company insider (initial ownership filing).
3 July 2013substantial holder notice● Neutral
Darby Investment Services Inc. disclosed a new substantial GOLD HILLS MINING, LTD. shareholding (10.40% of votes).
19 June 2013substantial holder notice● Neutral
Tumlins Trade Inc. disclosed a new substantial GOLD HILLS MINING, LTD. shareholding (4.80% of votes).
18 June 2013director interest notice● Neutral
Tumlins Trade INC. became a GOLD HILLS MINING, LTD. 10%+ owner and company insider (initial ownership filing).
6 June 2013director interest notice● Neutral
GOLD HILLS MINING, LTD. Chief Financial Officer Margent Gabriel received a stock option grant for 250,000 shares.
15 May 2013quarterly activities report▼ Bad
GOLD HILLS MINING, LTD. reported a quarterly net loss of $499 thousand for the period ended 2013-03-31.
20 Mar 2013capital raising announcement▼ BadMajor
Between February 21 and March 18, 2013, 22 creditors converted $3,408,389 of debt into 33,833,890 restricted shares at $0.10 each, plus options for 250,000 shares at $0.10; many of them had bought the debt from CRG Finance AG ($2,470,245 assigned). The company now has 34,206,313 shares outstanding, and the creditors together own 99.5%. Tumlins Trade, which held 55.3% before, falls to 4.8%; Darby Investment Services holds 10.4%. President Luciano Borges converted $45,000 of fees into 450,000 shares and CFO Gabriel Margent converted $25,000 into an option, and the company may convert more debt or sell shares. The ticker changed to GHML on March 20, 2013. This is a change of control and heavy dilution of earlier shareholders.
13 Feb 2013quarterly activities report▼ Bad
GOLD HILLS MINING, LTD. reported a quarterly net loss of $499 thousand for the period ended 2013-03-31.
21 Dec 2012capital raising announcement▼ BadMajor
On December 21, 2012 Tumlins Trade Inc. converted its two notes (April 3 and November 14, 2012; $500,000 principal plus $15,154.11 interest, $515,154.11 total) into 20,606,164 restricted shares at $0.025 per share, which is 50% of the 20-day average closing price. The notes are terminated. This removes that debt but greatly dilutes existing holders, compared with about 16.3 million shares outstanding in October 2011.
10 Dec 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
30 Nov 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
21 Nov 2012quarterly activities report▼ Bad
GOLD HILLS MINING, LTD. reported a quarterly net loss of $791 thousand for the period ended 2012-12-31.
19 Nov 2012quarterly activities report▼ Bad
GOLD HILLS MINING, LTD. reported a quarterly net loss of $791 thousand for the period ended 2012-12-31.
15 Nov 2012late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its quarterly report would be filed late.
1 Nov 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
29 Oct 2012material agreement● Neutral
The company signed a market access services agreement with Monarch Media LLC for investor and public relations and branding, for a $70,000 fee over 90 days (auto-extending for 90 days). It also set up an Advisory Board, with Yuriy Safonov and Boris Bogatyrev as the first two members, each paid $500 per month. The filing says nothing about the effect on the business.
15 Oct 2012director interest notice● Neutral
GOLD HILLS MINING, LTD. President Borges Luciano De Freitas received 450,000 shares as part of the equity award.
15 Oct 2012director interest notice● Neutral
Leonardo Riera became a GOLD HILLS MINING, LTD. company insider (initial ownership filing).
15 Oct 2012director interest notice● Neutral
James Ladner became a GOLD HILLS MINING, LTD. company insider (initial ownership filing).
15 Oct 2012director interest notice● Neutral
Luis Feliu became a GOLD HILLS MINING, LTD. company insider (initial ownership filing).
1 Oct 2012late filing notice▼ Bad
GOLD HILLS MINING, LTD. notified the SEC that its annual report would be filed late.
20 Sept 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
14 Sept 2012material agreement▼ Bad
The company received two loans totalling $300,000 from CRG Finance AG, covered by a note dated September 9, 2012 at 7.5% interest, due 30 days after demand following the first anniversary (15% on default). They are drawn under a March 1, 2012 commitment letter for up to $1,000,000 from CRG; $570,000 remains available. The company is continuing to fund itself with debt from CRG.
24 Aug 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
21 Aug 2012drilling progress report▲ Good
On August 16, 2012 the company said it had hired Drilrent Ltd. to start an exploratory drilling programme at Gold Hills (Serra do Ouro) in Northeast Brazil, which it calls its flagship property. The programme is expected to finish by late September and cost about $700,000. This is far smaller than the 40,000-metre, roughly 15-month campaign described in late 2011, and the first quarter 2012 start given then has slipped.
12 July 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.
22 May 2012securities registration● Neutral
GOLD HILLS MINING, LTD. filed the final prospectus for a registered offering.