4 Oct 2010director interest notice● Neutral
Grant Ewing became a GOLDEN RIVER RESOURCES CORP. company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Sept 2010late filing notice▼ Bad
GOLDEN RIVER RESOURCES CORP. notified the SEC that its annual report would be filed late.
29 July 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Northern Capital Resources Corp bought 14,275,800 shares on the open market at $0.10.
28 July 2010substantial holder notice● Neutral
S.S. of Edensor Nominees Pty. Ltd. I.R, S.S. of Kerisridge Pty. Ltd. I.R.S. Em, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ reported a GOLDEN RIVER RESOURCES CORP. shareholding of 243,035,143 shares (96.50% of votes) in a periodic institutional filing.
28 July 2010substantial holder notice● Neutral
S.S. of Edensor Nominees Pty. Ltd. I.R, S.S. of Kerisridge Pty. Ltd. I.R.S. Em, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ reported a GOLDEN RIVER RESOURCES CORP. shareholding of 257,310,943 shares (96.70% of votes) in a periodic institutional filing.
22 July 2010capital raising announcement● NeutralMajor
The company sold 14,275,800 new shares at US$0.10 (US$1,427,580) to Northern Capital Resources Corp on July 14, 2010, and used the proceeds to subscribe on July 16 for 49,233,866 more Acadian shares at CDN$0.03 (CDN$1,477,015.98). Its Acadian holding is now 387,345,200 shares, or 71.5%. This is a new placement under a fresh subscription agreement, separate from the earlier US$8.5 million one, and again adds shares to a Gutnick-associated buyer.
What it means for a shareholder
14.3m new shares at US$0.100 to raise about US$1.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 July 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick bought 14,275,800 shares on the open market at $0.10.
16 July 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick bought 14,275,800 shares on the open market at $0.10.
14 July 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Northern Capital Resources Corp bought 49,036,800 shares on the open market at $0.10.
18 May 2010capital raising announcement▲ GoodMajor
The company closed its purchase of the Tahera Diamond Corp mineral properties in the Slave Craton, which it had until now only held rights to explore under separate access agreements since 2002. It paid CDN$86,000 and issued 3,000,000 shares to Tahera, which keeps the rights to any diamonds. The company says it now has unrestricted access and is planning a gold exploration program. This turns the earlier exploration arrangement with Tahera into outright ownership. The attached agreement is dated December 3, 2009 and also mentions a CDN$74,703.55 lease payment and legal costs of up to CDN$20,000; the CDN$86,000 figure is the company's own wording and the filing does not reconcile the two.
13 Apr 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick bought 49,036,800 shares on the open market at $0.10.
13 Apr 2010director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick bought 49,036,800 shares on the open market at $0.10.
12 Apr 2010capital raising announcement● NeutralMajor
The third tranche of the Northern Capital Resources Corp placement closed March 31, 2010: 49,036,800 shares at US$0.10 for US$4,903,680. Unlike earlier tranches, the proceeds repaid loans from Northern Capital that had funded the final Acadian subscription in October 2009 and advances to Acadian. The company's Acadian holding is stated as 68.7%, slightly above the 68.45% originally targeted. The filing does not say how much was lent or when the loans were made.
What it means for a shareholder
49.0m new shares at US$0.100 to raise about US$4.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Oct 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick bought 9,290,000 shares on the open market at $0.10.
5 Oct 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick bought 9,290,000 shares on the open market at $0.10.
2 Oct 2009substantial holder notice● Neutral
S.S. of Edensor Nominees Pty. Ltd. I.R, S.S. of Kerisridge Pty. Ltd. I.R.S. Em, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ, S.S. of Kalycorp Pty. Ltd. I.R.S. Empl, S.S. of Surfer Holdings Pty. Ltd. I.R reported a GOLDEN RIVER RESOURCES CORP. shareholding of 193,323,087 shares (97.10% of votes) in a periodic institutional filing.
2 Oct 2009capital raising announcement● Neutral
The second tranche of the Northern Capital Resources Corp placement closed September 30, 2009: 9,290,000 shares at US$0.10 for US$929,000. The proceeds were used for the next Acadian share subscription, taking the company's Acadian holding to 57.1%. This continues the related-party funding of the Acadian stake and adds further new shares.
What it means for a shareholder
9.3m new shares at US$0.100 to raise about US$929,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Sept 2009substantial holder notice● Neutral
S.S. of Edensor Nominees Pty. Ltd. I.R, S.S. of Kerisridge Pty. Ltd. I.R.S. Em, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ, S.S. of Kalycorp Pty. Ltd. I.R.S. Empl, S.S. of Surfer Holdings Pty. Ltd. I.R reported a GOLDEN RIVER RESOURCES CORP. shareholding of 184,041,677 shares (97.00% of votes) in a periodic institutional filing.
8 Sept 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick bought 41,276,710 shares on the open market at $0.10.
8 Sept 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick bought 41,276,710 shares on the open market at $0.10.
8 Sept 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Northern Capital Resources Corp bought 41,276,710 shares on the open market at $0.10.
8 Sept 2009capital raising announcement● NeutralMajor
The company signed a subscription agreement with Northern Capital Resources Corp, a company associated with CEO Joseph Gutnick, to sell 85,000,000 new shares at US$0.10 each for US$8,500,000, to be closed in tranches before March 31, 2010. The money is for buying more Acadian shares and for working capital. The first tranche of 41,276,710 shares (US$4,127,671) closed September 3, 2009, and the filing puts the company's Acadian holding at 52%. This answers the open question of how the Acadian purchase would be funded, and it dilutes existing shareholders, with the buyer being a Gutnick-associated company.
What it means for a shareholder
85.0m new shares at US$0.100 to raise about US$8.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Aug 2009asset acquisition disposition▼ Bad
This amendment to the Acadian second-tranche report only adds the required financial statements: Acadian's audited 2008 and 2007 statements, its March 31, 2009 interim statements, and pro forma information for the company. Acadian's 2008 statements show a net loss of about $37.5 million, an impairment charge of $24.75 million and cash of $210,211 at year end. The auditor's note says there is substantial doubt about Acadian's ability to continue as a going concern. The filing restates the 19.9% interest and lists a July 9, 2009 subscription agreement as an exhibit; it does not explain what that agreement covers.
13 July 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick disposed of 130,274,559 shares via option/appreciation-right settlement.
13 July 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Fast Knight Nominees Pty. LTD. disposed of 130,000,000 shares via option/appreciation-right settlement.
13 July 2009director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick disposed of 130,274,559 shares via option/appreciation-right settlement.
13 July 2009substantial holder notice● Neutral
S.S. of Edensor Nominees Pty. Ltd. I.R, S.S. of Kerisridge Pty. Ltd. I.R.S. Em, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ, S.S. of Kalycorp Pty. Ltd. I.R.S. Empl, S.S. of Surfer Holdings Pty. Ltd. I.R, S.S. of Fast Knight Nominees Pty. Ltd, S.S. of Northern Capital Resources Cor reported a GOLDEN RIVER RESOURCES CORP. shareholding of 142,764,967 shares (96.10% of votes) in a periodic institutional filing.
10 July 2009director interest notice● Neutral
Northern Capital Resources Corp became a GOLDEN RIVER RESOURCES CORP. 10%+ owner and company insider (initial ownership filing).
7 July 2009asset acquisition disposition▲ GoodMajor
Effective June 30, 2009 (settled July 1) the company agreed to buy back from RAB Special Situations (Master) Fund Limited the warrants issued to it in 2006 for US$500,000 in total: the 10,000,000 special warrants and the warrants over 20,000,000 shares (exercise price US$0.1542, adjusted to US$0.0364541, expiring April 30, 2011). The company then cancelled them. This removes the potential dilution from those 2006 RAB securities and closes that open item.
10 June 2009asset acquisition disposition● NeutralMajor
The second tranche closed: Acadian issued 21,058,129 shares to the company for C$552,542, taking its interest to 19.89%. Acadian shareholders approved the full 338,111,334-share placement on June 9, 2009. The company says it will file Acadian's financial statements within 75 days. The remaining tranches toward the 68.45% stake are still open.