Past year: ▲ 0%(0.00c – 0.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
11 May 2007capital raising announcement● Neutral
Kodiak closed a private placement on May 10, 2007 of 2,447,900 units at US$1.25 each to eight accredited investors, for gross proceeds of US$3,059,875. It paid or accrued US$280,000 in fees. Each unit had one share and one warrant exercisable at $1.50 for two years, adding to the share count and potential future dilution.
2 Apr 2007late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its annual report would be filed late.
26 Feb 2007capital raising announcement● Neutral
Kodiak closed a private placement on February 22, 2007 of 860,000 units at US$1.25 each to two accredited investors, for gross proceeds of US$1,075,000. It paid US$100,000 in fees. Each unit had one share and one warrant exercisable at $1.50 for two years.
What it means for a shareholder
860,000 new shares at US$1.25 to raise about US$1.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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16 Feb 2007capital raising announcement● Neutral
Kodiak reported a small private placement closed December 28, 2006: 7,500 units (30,000 shares) at Cdn$6.40 per unit to two accredited investors, for Cdn$48,000. Each unit had three flow-through shares and one common share, and the company will try to register the shares by April 30, 2007.
What it means for a shareholder
7,500 new shares at C$6.40 to raise about C$48,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 Jan 2007director interest notice● Neutral
William Ewart Brimacombe became a KODIAK ENERGY, INC. Chief Financial Officer and company insider (initial ownership filing).
19 Jan 2007director interest notice● Neutral
KODIAK ENERGY, INC. director Peter Schriber sold 6,000,000 shares.
21 Dec 2006capital raising announcement● Neutral
Kodiak closed a private placement on December 14, 2006 with two accredited investors for CAD$300,000, in units of three flow-through shares and one common share. The filing's price and share-count wording is inconsistent (it cites US$6.40 per unit alongside CAD proceeds), and it refers to a registration deadline of April 30, 2006, which looks like a typo for 2007 (inference).
21 Nov 2006financial restatement▼ BadMajor
This amendment repeats the restatement notice and adds that the board determined on November 3, 2006 that the 2005 annual report and the March and June 2006 quarterly reports should not be relied upon. Amended reports are still to be filed.
13 Nov 2006late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its quarterly report would be filed late.
13 Nov 2006financial restatement▼ BadMajor
Kodiak said it will restate its financial results for the year ended December 31, 2005 and the periods ended March 31 and June 30, 2006, to correct accounting errors it attributes to inadequate record-keeping procedures in its start-up phase. The errors were found after it hired a full-time CFO. Amended reports are to follow; the filing gives no figures for the corrections.
25 Sept 2006substantial holder notice● Neutral
William Tighe disclosed a new substantial KODIAK ENERGY, INC. shareholding (14.56% of votes).
24 Aug 2006capital raising announcement● Neutral
Kodiak reported a private placement closed June 30, 2006 of 1,130,000 units at US$1.70 each to two investors, raising US$1,921,000. Each unit had one share and one warrant, with an exercise price of $2.50 until June 30, 2008 and $3.50 from July 1, 2008 to June 30, 2011, so it could lead to more shares being issued later.
What it means for a shareholder
1.1m new shares at US$1.70 to raise about US$1.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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14 Aug 2006late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its quarterly report would be filed late.
15 June 2006director interest notice● Neutral
KODIAK ENERGY, INC. director Peter Schriber received a stock option grant for 400,000 shares.
15 June 2006director interest notice● Neutral
Glenn Watt became a KODIAK ENERGY, INC. director and company insider (initial ownership filing).
15 June 2006director interest notice● Neutral
Peter Schriber became a KODIAK ENERGY, INC. director and company insider (initial ownership filing).
15 June 2006director interest notice● Neutral
KODIAK ENERGY, INC. director Glenn Watt received a stock option grant for 400,000 shares.
14 June 2006director interest notice● Neutral
KODIAK ENERGY, INC. Chief Operating Officer William Stewart Tighe received a stock option grant for 280,000 shares.
14 June 2006director interest notice● Neutral
William Stewart Tighe became a KODIAK ENERGY, INC. Chief Operating Officer and company insider (initial ownership filing).
15 May 2006late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its quarterly report would be filed late.
31 Mar 2006late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its annual report would be filed late.
2 Mar 2006auditor change▼ Bad
This amendment to the February 2006 auditor-change filing adds that Madsen's audit reports for the year ended March 31, 2004 and the nine months ended December 31, 2004 contained a going-concern note. The auditor change itself is unchanged: Madsen dismissed, Meyers Norris Penny hired.
22 Feb 2006auditor change● Neutral
On February 21, 2006 Kodiak's board dismissed its auditor Madsen & Associates and hired Meyers Norris Penny LLP of Medicine Hat, Alberta. The filing says there were no disagreements and no adverse opinions.
30 Dec 2005capital raising announcement● Neutral
Kodiak closed another private placement on December 30, 2005, selling 1,000,000 common shares at US$0.50 per share to twenty-eight investors for US$500,000. This is a much higher price per share than the US$0.02 placement a week earlier; the filing does not explain the difference.
29 Dec 2005capital raising announcement● Neutral
Kodiak closed a private placement on December 22, 2005 of 15,000,000 common shares at US$0.02 per share to twelve investors, raising US$300,000. The new shares dilute existing holders.
7 Oct 2005asset acquisition disposition▲ GoodMajor
Now named Kodiak Energy, the company signed a joint venture effective September 17, 2005 with an unnamed Canadian public company to explore for oil and gas on Montana leases. Kodiak will spend US$600,000 on up to four wells including seismic and, in return, earn 50% in the wells drilled in phase one, with the right to join in developing the rest of the leases at 50% by paying its share of costs. On September 22, 2005 it also bought, with the same partner, 2 sections of land in southeastern Alberta at a provincial land sale; Kodiak owns 50% and the partner operates. This is the first oil and gas activity in the filings.
26 Apr 2004bankruptcy or receivership● NeutralMajor
On April 7, 2004 a Canadian court approved the company's bankruptcy proposal: its liabilities were paid off and extinguished, all officers and directors were terminated, and Marc Juliar took control. 15,000,000 new shares were issued to him without shareholder notice, taking outstanding shares from 33,531,761 to 48,533,761 (about 31% of the total). This resolves the 2003 bankruptcy and the company continues to exist, so existing holders kept their shares but were diluted. The filing also reports that the auditor Rotenberg & Co. resigned and Madsen & Associates was appointed, and that historical-cost assets and liabilities were zero as of April 7, 2004.
7 Feb 2003bankruptcy or receivership▼ BadMajor
The company, then called Island Critical Care Corp., was declared bankrupt on February 4, 2003 after its final extension under Canadian bankruptcy law expired. A trustee (Paul Stehelin of A.C. Poirier & Associates) was appointed, the board resigned, and a first creditors' meeting was set for February 21, 2003.
28 June 2002late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its annual report would be filed late.
13 Feb 2002late filing notice▼ Bad
KODIAK ENERGY, INC. notified the SEC that its quarterly report would be filed late.
