29 Mar 2013late filing notice▼ Bad
Independence Resources PLC notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2013director interest notice● Neutral
Anthony Williams became a Independence Resources PLC director and company insider (initial ownership filing).
11 Jan 2013director interest notice● Neutral
John May became a Independence Resources PLC director and company insider (initial ownership filing).
7 Jan 2013material agreement▼ BadMajor
On January 1, 2013 the company settled its dispute with Pyratine LLC (formerly Skinvera LLC), the buyer of the skincare business in March 2010. Pyratine alleged the Polish Academy research contracts were cancelled through the company's acts, and said Pyratine had made no payments on the $1.8M note. Under the settlement Pyratine is to pay $100,000 (less up to $1,500 of legal fees) by December 31, 2012, and the company credits another $100,000 against the note. The note is restated at $1,876,657, due July 1, 2021 at 1.17% interest with no payments until then. The company gives up the royalty rights, IP rights and security interests it held under the 2010 sale, so the royalty stream from that sale is gone and the only remaining claim is the long-dated note, which had gone unpaid so far.
14 Nov 2012quarterly activities report▼ Bad
Independence Resources PLC reported quarterly revenue of $96 thousand and a net loss of $931 thousand for the period ended 2012-09-30.
20 Aug 2012quarterly activities report▼ Bad
Independence Resources PLC reported quarterly revenue of $27 thousand and a net loss of $695 thousand for the period ended 2012-06-30.
13 Aug 2012late filing notice▼ Bad
Independence Resources PLC notified the SEC that its quarterly report would be filed late.
21 May 2012quarterly activities report▼ Bad
Independence Resources PLC reported quarterly revenue of $15 thousand and a net loss of $468 thousand for the period ended 2012-03-31.
14 May 2012late filing notice▼ Bad
Independence Resources PLC notified the SEC that its quarterly report would be filed late.
27 Apr 2012director interest notice● Neutral
Donna Street became a Independence Resources PLC Chief Finanacial Officer and company insider (initial ownership filing).
27 Apr 2012director interest notice● Neutral
Jeff Lambert became a Independence Resources PLC Vice President and company insider (initial ownership filing).
27 Apr 2012director interest notice● Neutral
Steve Ivie became a Independence Resources PLC Vice President and company insider (initial ownership filing).
24 Apr 2012asset acquisition disposition● NeutralMajor
On April 18, 2012 the company bought 70% of Coeur d'Alene Mine Contracting LLC from Jeff Lambert and Steve Ivie for $200,000 and 2,000,000 ordinary shares, and agreed to lend the LLC $100,000 by May 1, 2012 (4% interest, due by May 1, 2020). The filing says the LLC is newly formed, has no revenue or material assets, and plans contract mining for third parties and for the company's own mining projects. On April 23 it also bought 42 unpatented claims in Lemhi County, Idaho for $100, issued 1,000,000 shares each to Lambert and Ivie plus 200,000 shares to Kurt Hoffman for consulting, hired Lambert and Ivie on $120,000 salaries, and appointed Donna Street CFO (Howard Crosby stays President and director). This adds new shares to the count and extends the mining push begun with the 2011 Iron Eagle deal.
28 Mar 2012late filing notice▼ Bad
Independence Resources PLC notified the SEC that its annual report would be filed late.
14 Feb 2012substantial holder notice● Neutral
Seaside, William J. Ritger, Denis M. O'Donnell disclosed a new substantial Independence Resources PLC shareholding (9.20% of votes).
6 Dec 2011securities registration● Neutral
Independence Resources PLC filed the final prospectus for a registered offering.
21 Nov 2011quarterly activities report▼ Bad
Independence Resources PLC reported quarterly revenue of $14 thousand and a net loss of $241 thousand for the period ended 2011-09-30.
15 Nov 2011late filing notice▼ Bad
Independence Resources PLC notified the SEC that its quarterly report would be filed late.
2 Sept 2011material agreement termination● NeutralMajor
On September 1, 2011 the company exercised its put right and Platinum took back the participation bought in April 2010 (45% of claims against Firstgold, owner of the Relief Canyon Mine) at $5,034,281, resolving that thread. The price was partly set off against the $2,876,790 still owed on the March 2010 DMRJ note, and the company received $2,535,689 in cash. The note is discharged and DMRJ's liens are released. The press release says it exercised the put because it could not close financing to buy 100% of Relief Canyon and Platinum accepted a bid from Sagebrush Gold. It says Platinum will raise its warrant exercise price to $1.00 from $0.70, and the company will focus on Gray Eagle and Iron Creek.
22 Aug 2011quarterly activities report▼ Bad
Independence Resources PLC reported a quarterly net loss of $1.4 million for the period ended 2011-06-30.
15 Aug 2011late filing notice▼ Bad
Independence Resources PLC notified the SEC that its quarterly report would be filed late.
13 July 2011securities registration● Neutral
Independence Resources PLC filed notice of an exempt private placement.
7 June 2011director interest notice● Neutral
Bobby E Cooper became a Independence Resources PLC director and company insider (initial ownership filing).
20 May 2011quarterly activities report▼ Bad
Independence Resources PLC reported a quarterly net loss of $610 thousand for the period ended 2011-03-31.
16 May 2011late filing notice▼ Bad
Independence Resources PLC notified the SEC that its quarterly report would be filed late.
31 Mar 2011late filing notice▼ Bad
Independence Resources PLC notified the SEC that its annual report would be filed late.
29 Mar 2011substantial holder notice● Neutral
William L. Campbell, Travis W. Campbell, Brush Prairie Minerals, Inc, Chester Mining Company disclosed a new substantial Independence Resources PLC shareholding (51.30% of votes).
29 Mar 2011director interest notice● Neutral
Brush Prairie Minerals, INC became a Independence Resources PLC 10%+ owner and company insider (initial ownership filing).
29 Mar 2011director interest notice● Neutral
Travis W Campbell became a Independence Resources PLC 10%+ owner and company insider (initial ownership filing).
29 Mar 2011director interest notice● Neutral
Chester Mining CO became a Independence Resources PLC 10%+ owner and company insider (initial ownership filing).