Past year: ▼ 29%(8.50c – 15.5c USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Apr 2009asset acquisition disposition● NeutralMajor
The first tranche of the Acadian investment closed: Acadian issued 17,053,205 shares to the company for C$447,457.34, giving it a 9.99% interest. This is smaller than the C$1.0 million (38,111,334 shares) first tranche described in the March announcement; the filing does not explain the difference.
20 Mar 2009material agreement● NeutralMajor
Effective March 17, 2009 the company agreed to subscribe for up to 338,111,334 new shares of Acadian Mining Corporation (TSX: ADA) for up to C$10 million, which would give it 68.45% of Acadian if all tranches close. The first C$1.0 million tranche (38,111,334 shares) needs regulatory approval including the Toronto Stock Exchange and was expected around April 10, 2009; the remaining C$9 million needs Acadian shareholder approval and due diligence, and lapses if conditions are not met by July 1, 2009. The company says it intends to seek extra financing, possibly a private placement of its own shares, to fund this. This is a new direction beyond its Tahera and Committee Bay exploration.
12 Dec 2008substantial 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 reported a GOLDEN RIVER RESOURCES CORP. shareholding of 142,533,558 shares (96.00% of votes) in a periodic institutional filing.
11 Dec 2008director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Fast Knight Nominees Pty. LTD. bought 100,000,000 shares on the open market at $0.01.
11 Dec 2008director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick bought 100,000,000 shares on the open market at $0.01.
11 Dec 2008director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President and CEO Joseph Isaac Gutnick bought 100,000,000 shares on the open market at $0.01.
9 Dec 2008capital raising announcement● NeutralMajor
On December 9, 2008 the company sold 100,000,000 new shares at US$0.005 each (US$500,000 total) to Fast Knight Nominees Pty Ltd, a company associated with President and CEO Joseph Gutnick. The money is for exploration and general corporate and administrative costs. This is the capital raising the company had been investigating since 2007; the new shares are a large addition to the 26,711,630 shares reported in 2007 and dilute other holders (inference), and the buyer is a Gutnick-linked party.
What it means for a shareholder
100m new shares at US$0.005 to raise about US$500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
6 Oct 2008financial restatement▼ BadMajor
On October 3, 2008 the company said its June 30, 2007 financial statements should no longer be relied on, after SEC staff review led it to revalue 4,650,000 options granted in October 2006 using a US$0.30 share price instead of US$0.166. The restatement raises the fiscal 2007 net loss by A$313,000 and the cumulative loss since July 1, 2002 to A$9,560,000 from A$8,116,000. The filing says cash flows are unaffected and management believes the business and shareholders are not materially impacted.
30 Sept 2008late filing notice▼ Bad
GOLDEN RIVER RESOURCES CORP. notified the SEC that its annual report would be filed late.
18 Sept 2007business combination▼ BadMajor
A preliminary information statement says holders of 57.3% of the shares (companies tied to the Gutnick family, including Fast Night Nominees) consented on August 31, 2007 to raising authorized common stock from 100 million to 200 million shares. The company has 26,711,630 shares and 55,750,000 options outstanding, and says it is looking at capital raising for exploration and working capital. This follows the 100 million increase proposed in 2006; more shares could be issued without existing holders having preemptive rights, which could dilute them.
4 Oct 2006securities registration● Neutral
GOLDEN RIVER RESOURCES CORP. amended a filing by which it registered a small-business securities offering with the SEC.
8 Aug 2006securities registration● Neutral
GOLDEN RIVER RESOURCES CORP. amended a filing by which it registered a small-business securities offering with the SEC.
25 July 2006substantial holder notice● Neutral
S.S. of Renika Pty. Ltd. I.R.S. Employ, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ, S.S. of Chabad House of Caulfield Pty disclosed a new substantial GOLDEN RIVER RESOURCES CORP. shareholding (93.70% of votes).
7 July 2006securities registration● Neutral
GOLDEN RIVER RESOURCES CORP. registered a small-business securities offering with the SEC.
15 June 2006capital raising announcement● NeutralMajor
On June 9, 2006 the company sold RAB Special Situations Fund (Master) Limited 10,000,000 special warrants (each convertible to one share for no extra payment) plus warrants over 20,000,000 shares at US$0.1542 (to April 30, 2011) for US$1,542,000. Proceeds are intended for gold exploration on Tahera's Slave Craton properties and its Committee Bay tenements in northern Canada, and for general corporate costs. This is new outside money, but the shares and warrants it creates will dilute existing holders (inference).
22 May 2006director interest notice● Neutral
Fast Knight Nominees Pty. LTD. became a GOLDEN RIVER RESOURCES CORP. 10%+ owner and company insider (initial ownership filing).
22 May 2006substantial 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 41,200,224 shares (87.30% of votes) in a periodic institutional filing.
9 May 2006capital raising announcement● NeutralMajor
Effective May 8, 2006, the company agreed to issue 10 million shares and options over 20 million shares (A$0.20 exercise price, expiring April 2011) to Fast Night Nominees, a company associated with President J. I. Gutnick, to repay A$2 million of loans from Wilzed Pty Ltd, another Gutnick-associated company. It also said it intends to seek approval to raise authorized shares to 100 million. For shareholders this removes the A$2 million debt but adds shares and options, which dilutes existing holders (inference).
21 Dec 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. director Tyrwhitt David Stuart Dr received a stock option grant for 50,000 shares.
8 Nov 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. director Lee Peter James received a stock option grant for 250,000 shares.
21 Mar 2005substantial holder notice● Neutral
S.S. of Renika Pty. Ltd. I.R.S. Employ, S.S. of Joseph I. Gutnick I.R.S. Emplo, S.S. of Stera M. Gutnick I.R.S. Employ disclosed a new substantial GOLDEN RIVER RESOURCES CORP. shareholding (96.50% of votes).
15 Feb 2005late filing notice▼ Bad
GOLDEN RIVER RESOURCES CORP. notified the SEC that its quarterly report would be filed late.
8 Feb 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick disposed of 1,500,000 shares via option/appreciation-right settlement.
8 Feb 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Edensor Nominees Pty LTD disposed of 1,500,000 shares via option/appreciation-right settlement.
8 Feb 2005director interest notice● Neutral
Surfer Holdings Pty LTD became a GOLDEN RIVER RESOURCES CORP. 10%+ owner and company insider (initial ownership filing).
8 Feb 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. President & CEO Joseph Isaac Gutnick disposed of 1,500,000 shares via option/appreciation-right settlement.
7 Feb 2005substantial 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 disclosed a new substantial GOLDEN RIVER RESOURCES CORP. shareholding (68.30% of votes).
1 Feb 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. 10%+ owner Stera Miriam Gutnick received a stock option grant for 500,000 shares.
1 Feb 2005substantial 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 disclosed a new substantial GOLDEN RIVER RESOURCES CORP. shareholding (68.30% of votes).
31 Jan 2005director interest notice● Neutral
GOLDEN RIVER RESOURCES CORP. Vice President Exploration Alford Craig Steven received a stock option grant for 150,000 shares.
