Past year: ▼ 100%(0.01c – 16.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Sept 2009material agreement● Neutral
The company settled $125,262.45 owed to former officer and director Douglas Berry (loans of $110,625 plus $14,637.45 interest) by issuing 153,508 restricted shares valued at $0.816 each, a 20% discount to the closing price. This removes the debt but adds shares.
17 Aug 2009material agreement● Neutral
The company bought a 62.5% working interest in another 640-acre lease in Uintah County, Utah (Lease UTU-27413) from Enercor for 300,000 shares; the remainder is owned by Questar Corporation. It is next to the earlier Enercor properties and is a further step in the Utah build-up.
11 Aug 2009capital raising announcement● NeutralMajor
The company bought a 37.5% working interest in a 640-acre lease in Uintah County, Utah from Enercor for 300,000 shares, next to the July 2009 tar sand rights. It also issued 4,147,237 shares to Enercor on July 31, 2009 as the stock payment under the July 25 agreement, which dilutes existing holders.
30 July 2009material agreement● NeutralMajor
The company agreed to buy from Enercor, Inc. a 35%-40% interest in contract rights to tar sand extraction on about 33,632 acres in Southern Uintah County, Utah, for up to $5,000,000: $4,000,000 in restricted shares plus $500,000-$1,000,000 in cash. The leases have not yet been issued by the Bureau of Land Management and the filing says there is no assurance they will be, or when extraction could start.
14 July 2009material agreement● NeutralMajor
The company signed a Share Issuance Agreement with Baden Energy Group Ltd. under which Baden may, at the company's request, buy units (one share plus a three-year warrant) at 80% of the recent average share price, in $100,000 multiples, up to $6,000,000 (possibly $10,000,000) through July 6, 2010. Baden can refuse requests, and during the term the company may only do equity (not debt) financing and Baden has a right of first refusal on other financings.
4 Dec 2008material agreement● Neutral
The company decided not to pursue the North Semitropic Prospect and assigned its 25% farmout interest back to West Canyon Energy Corp. on November 28, 2008 for $134,438, which the filing says approximates its cost. This reverses the June 2008 purchase.
13 Aug 2008substantial holder notice● Neutral
MASSIMILIANO POZZONI reported a HK EBUS Corp shareholding of 35,000,000 shares (49.90% of votes) in a periodic institutional filing.
13 Aug 2008director interest notice● Neutral
HK EBUS Corp President Massimiliano Pozzoni disposed of 4,000,000 shares via option/appreciation-right settlement.
2 July 2008material agreement● NeutralMajor
The company bought a 25% interest in a farmout on the North Semitropic Prospect in Kern County, California from West Canyon Energy Corp. for $34,000, plus $100,437.50 paid to Transco Oil & Gas on about June 12, 2008, and it must pay its share of drilling and testing costs. It also reported that it signed the formal agreement with Coastal on June 10, 2008, following the May option deal.
6 June 2008material agreement● NeutralMajor
The company signed a one-year employment agreement with President Massimiliano Pozzoni at $120,000 a year, with three months' salary payable if he is terminated without cause or leaves for good reason. It also disclosed that Pozzoni returned 4,000,000 of his 5,000,000 shares for cancellation, and that a 35-for-1 forward stock split took shares outstanding from 2,004,000 to 70,140,000 in May 2008.
27 May 2008capital raising announcement● NeutralMajor
The company, filing as Cobra Oil & Gas Company (the name used in these filings; the filer is the same company, HK EBUS Corp, under an earlier name), paid Coastal Petroleum Company $180,000 on May 23, 2008 for a two-year option to buy a 50% interest in Valley Creek, Montana leases (about 82,800 net acres) for $1,000,000. It also sold 1,000,000 units at $0.25 each ($250,000) to one subscriber, each unit being one share plus a three-year warrant at $0.40.
What it means for a shareholder
1.0m new shares at $0.250 to raise about $250,000. 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.
3 Apr 2008substantial holder notice● Neutral
MASSIMILIANO POZZONI disclosed a new substantial HK EBUS Corp shareholding (83.28% of votes).
3 Apr 2008director interest notice● Neutral
Massimiliano Pozzoni became a HK EBUS Corp President and company insider (initial ownership filing).
27 Mar 2008director interest notice● Neutral
HK EBUS Corp President Douglas Alan Berry sold 5,000,000 shares at $0.10.
31 Aug 2007director interest notice● Neutral
John R Herzog became a HK EBUS Corp director and company insider (initial ownership filing).
30 Aug 2007director interest notice● Neutral
Douglas Alan Berry became a HK EBUS Corp CEO, CFO and company insider (initial ownership filing).
10 Aug 2006securities registration● Neutral
HK EBUS Corp filed the final prospectus for a registered offering.
25 July 2006securities registration● Neutral
HK EBUS Corp registered a small-business securities offering with the SEC.
