28 Sept 2010director interest notice● Neutral
Reyno Scheepers became a HANDENI GOLD INC. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Sept 2010director interest notice● Neutral
HANDENI GOLD INC. President and CEO Harpreet Singh Sangha bought 215,000 shares on the open market.
31 Aug 2010late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its annual report would be filed late.
27 Aug 2010capital raising announcement▼ Bad
On August 23, 2010 the company issued 6,000,000 restricted shares to four non-U.S. persons on a cashless exercise of stock options at a deemed price of $0.05 per share (deemed total $300,000). The filing does not say cash was received; the extra shares dilute existing holders.
21 June 2010material agreement● NeutralMajor
A second agreement with Ruby Creek, fully signed June 16, 2010, lets Ruby Creek earn 70% of the remaining 255 sq km of Mkuvia for $6,000,000, including 4 million Ruby Creek shares valued at $0.80 each. Combined with the November 2009 deal, that is $9,000,000 for 70% of the whole 380 sq km; the final structure is Ruby Creek 70%, the company 25% and Maita 5%, with Ruby Creek able to move to 75% (company 20%) by paying $1,000,000 by June 1, 2011. Part of the price depends on payments to 2013 and on Ruby Creek stock.
13 Nov 2009material agreement▲ GoodMajor
On November 7, 2009 the company agreed that Ruby Creek Resources can earn 70% of 125 sq km of the 380 sq km Mkuvia project by paying $3,000,000 within three years of closing, with closing expected after a 90-day due diligence period. Ruby Creek can lift its stake to 75% of that area for another $1,000,000, and Maita keeps his 3% royalty. This sells down part of the Mkuvia project set up in the July 2009 agreement.
15 Oct 2009late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
10 Sept 2009securities registration● Neutral
HANDENI GOLD INC. filed notice of an exempt private placement.
31 Aug 2009late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its annual report would be filed late.
16 July 2009material agreement▲ GoodMajor
On July 14, 2009 the board approved a new joint venture agreement with Mkuvia Maita covering four prospecting licences of about 380 sq km in Tanzania's Liwale and Nachigwea Districts (the Mkuvia Project, which the filing calls the focus of current exploration). It replaces the earlier agreement: the company pays US$40,000 on signing, keeps a 3% royalty owed to Maita on any production, and is released from about US$460,000 of yearly payments in return for giving up about 50 sq km of unexplored area.
8 July 2009director interest notice● Neutral
Charles Xavier Mnguto became a HANDENI GOLD INC. President & CEO and company insider (initial ownership filing).
8 July 2009director interest notice● Neutral
Herminder Singh Rai became a HANDENI GOLD INC. Secretary, Treasurer & CFO and company insider (initial ownership filing).
7 July 2009securities registration● Neutral
HANDENI GOLD INC. filed notice of an exempt private placement.
15 Apr 2009securities registration● Neutral
HANDENI GOLD INC. filed notice of an exempt private placement.
15 Apr 2009director interest notice● Neutral
HANDENI GOLD INC. President and CEO Harpreet Singh Sangha sold 620,000 shares.
14 Apr 2009late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
14 Jan 2009late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
22 Oct 2008capital raising announcement● Neutral
On October 15, 2008 the company (then Douglas Lake Minerals) closed a private placement of 5,000,000 shares at $0.20 each, raising $1,000,000 gross. Proceeds are for its Tanzanian gold project, other exploration and development, land and project acquisitions and general corporate purposes. This follows the August 2008 placement at lower prices and adds new shares for existing holders to share the company with.
What it means for a shareholder
5.0m new shares at US$0.200 to raise about US$1.0m. 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.
14 Oct 2008late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
29 Aug 2008late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its annual report would be filed late.
20 Aug 2008capital raising announcement● NeutralMajor
On August 15, 2008 the company closed a non-brokered private placement of 6,666,680 shares at $0.15 plus units of shares with half a one-year warrant each: 1,000,000 at $0.10, 2,000,000 at $0.15, 1,462,500 at $0.20 and 187,500 at $0.40. Proceeds are for Tanzanian resource acquisition, exploration and development and working capital. The filing gives no total raised. The prices, far below the $0.70 of January 2007, are lower than that earlier raise.
6 Aug 2008director interest notice● Neutral
Abdulkarim Hamisi Mruma became a HANDENI GOLD INC. director and company insider (initial ownership filing).
6 Aug 2008director interest notice● Neutral
Medard M C Kalemani became a HANDENI GOLD INC. director and company insider (initial ownership filing).
14 Apr 2008late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
14 Mar 2008director interest notice● Neutral
Sylvia Tang became a HANDENI GOLD INC. Chief Financial Officer and company insider (initial ownership filing).
5 Mar 2008director interest notice● Neutral
David Ian Groves became a HANDENI GOLD INC. director and company insider (initial ownership filing).
14 Jan 2008late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
15 Oct 2007late filing notice▼ Bad
HANDENI GOLD INC. notified the SEC that its quarterly report would be filed late.
11 Oct 2007substantial holder notice● Neutral
Harpreet Singh Sangha disclosed a new substantial HANDENI GOLD INC. shareholding (5.80% of votes).
11 Oct 2007director interest notice● Neutral
HANDENI GOLD INC. President and CEO Harpreet Singh Sangha bought 7,450 shares on the open market at $2.00.