14 Feb 2012substantial holder notice● Neutral
ANCHORAGE CAPITAL GROUP, L.L.C, ANCHORAGE ADVISORS MANAGEMENT, L.L.C, ANTHONY L. DAVIS, KEVIN M. ULRICH disclosed a new substantial HANDENI GOLD INC. shareholding (7.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Jan 2012quarterly activities report▼ Bad
HANDENI GOLD INC. reported quarterly revenue of $0 and a net loss of $3.7 million for the period ended 2011-11-30.
2 Dec 2011asset acquisition disposition● NeutralMajor
On November 30, 2011 the company completed the purchase of 100% of the roughly 2.67 sq km Handeni District property from Handeni Resources, issuing the 15,000,000 restricted shares at a deemed $0.40 as agreed in August 2011 (option period extended to November 3, 2011). This resolves the August option; Chairman Mengi's interest in the seller is again noted.
2 Dec 2011director interest notice● Neutral
HANDENI GOLD INC. President and CEO Douglas Boateng received a stock option grant for 3,000,000 shares.
2 Dec 2011director interest notice● Neutral
HANDENI GOLD INC. Chairman Reginald Mengi bought 15,000,000 shares on the open market at $0.40.
2 Dec 2011director interest notice● Neutral
HANDENI GOLD INC. Chief Operating Officer Reyno Scheepers received a stock option grant for 1,500,000 shares.
26 Oct 2011director interest notice● Neutral
Debra Farquharson became a HANDENI GOLD INC. Executive VP, Sec, Tres, CFO and company insider (initial ownership filing).
21 Oct 2011quarterly activities report▼ Bad
HANDENI GOLD INC. reported quarterly revenue of $0 and a net loss of $1.6 million for the period ended 2011-08-31.
18 Oct 2011late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
30 Aug 2011late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its annual report would be filed late.
10 Aug 2011material agreement● NeutralMajor
On August 5, 2011 the board approved an option to acquire 100% of about 2.67 sq km in the Handeni District next to the company's four existing licences (about 800 sq km), from Handeni Resources Limited, in return for 15,000,000 restricted shares at a deemed $0.40 plus maintenance payments. Chairman Reginald Mengi has an interest in Handeni Resources and did not take part in or vote on the decision, so this is a related-party deal.
31 May 2011securities registration● Neutral
HANDENI GOLD INC. filed the final prospectus for a registered offering.
13 May 2011securities registration● Neutral
HANDENI GOLD INC. registered a securities offering with the SEC.
15 Apr 2011late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
15 Apr 2011quarterly activities report▼ Bad
HANDENI GOLD INC. reported quarterly revenue of $0 and a net loss of $525 thousand for the period ended 2011-02-28.
5 Apr 2011securities registration● Neutral
HANDENI GOLD INC. filed notice of an exempt private placement.
5 Apr 2011securities registration● Neutral
HANDENI GOLD INC. filed notice of an exempt private placement.
31 Mar 2011capital raising announcement▲ GoodMajor
The company completed a three-tranche private placement (March 11 to 29, 2011) selling 27,173,372 units at $0.45, for $12,228,017 gross and $11,439,635 net after $788,382 of fees. Each unit has a share and a warrant at $0.52 (18 or 30 months), and 1,243,045 finder's warrants were also issued. Proceeds go to Tanzanian exploration and working capital; this is a much larger raise than the 2008 to 2010 placements, with more shares and warrants outstanding.
What it means for a shareholder
27.2m new shares at US$0.450 to raise about US$12.2m. 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.
19 Jan 2011quarterly activities report▼ Bad
HANDENI GOLD INC. reported quarterly revenue of $0 and a net loss of $66.9 million for the period ended 2010-11-30.
18 Jan 2011late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
29 Nov 2010director interest notice● Neutral
HANDENI GOLD INC. director Douglas Boateng received a stock option grant for 4,500,000 shares.
29 Nov 2010director interest notice● Neutral
HANDENI GOLD INC. Chairman Reginald Mengi received a stock option grant for 10,000,000 shares.
29 Nov 2010director interest notice● Neutral
HANDENI GOLD INC. Secretary, Treasurer & CFO Herminder Singh Rai received a stock option grant for 1,000,000 shares.
29 Nov 2010director interest notice● Neutral
HANDENI GOLD INC. director Reyno Scheepers received a stock option grant for 4,000,000 shares.
29 Nov 2010director interest notice● Neutral
HANDENI GOLD INC. President & CEO Harpreet Singh Sangha received a stock option grant for 9,000,000 shares.
20 Oct 2010quarterly activities report▼ Bad
HANDENI GOLD INC. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2010-08-31.
15 Oct 2010late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
1 Oct 2010capital raising announcement▼ BadMajor
On September 30, 2010 the company issued 16,666,667 restricted shares at a deemed $0.15 each ($2,500,000 deemed) to one non-U.S. person as a transaction fee linked to a mineral property acquisition agreement with IPP Gold Limited signed September 21, 2010. The filing gives no detail on the property itself. The share issue dilutes existing holders.
28 Sept 2010director interest notice● Neutral
Reginald Mengi became a HANDENI GOLD INC. Chairman and company insider (initial ownership filing).
28 Sept 2010director interest notice● Neutral
Douglas Boateng became a HANDENI GOLD INC. director and company insider (initial ownership filing).