23 Dec 2005securities registration● Neutral
Lincoln Gold Mining Inc. registered a small-business securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2005late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
30 Aug 2005director interest notice● Neutral
Lincoln Gold Mining Inc. director James Chapman sold 50,000 shares at $15000.00.
30 Aug 2005director interest notice● Neutral
Lincoln Gold Mining Inc. director James Chapman sold 750,000 shares at $750.00.
16 Aug 2005late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
7 July 2005securities registration● Neutral
Lincoln Gold Mining Inc. filed the final prospectus for a registered offering.
22 June 2005securities registration● Neutral
Lincoln Gold Mining Inc. registered a small-business securities offering with the SEC.
10 May 2005auditor change● Neutral
The company dismissed Amisano Hanson and hired Manning Elliott as its auditor, effective May 4, 2005, with board approval. This is the second auditor change in three months, after DeMello & Company was replaced in February 2005. Amisano Hanson's April 14, 2005 report on 2004 had no adverse opinion, and the filing states there were no disagreements.
30 Mar 2005late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its annual report would be filed late.
16 Mar 2005capital raising announcement● NeutralMajor
The company raised a second round on March 10, 2005, selling 3,158,000 units at $0.30 for $947,400 to 53 investors, on the same terms as the December 2004 units (warrant at $0.40 in year one, $0.50 in year two). It paid commissions of $38,010 on the Regulation S part and $4,200 on the Regulation D part, and agreed to file a resale registration statement within 120 days. This adds further shares and warrants for existing holders.
What it means for a shareholder
3.2m new shares at US$0.300 to raise about US$947,400. 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.
17 Feb 2005auditor change● Neutral
The company dismissed its auditor DeMello & Company and hired Amisano Hanson, effective February 14, 2005, with board approval. DeMello's report on 2003 and 2002 had no adverse opinion, and the filing states there were no disagreements.
27 Dec 2004capital raising announcement● NeutralMajor
The company sold 2,300,000 units at $0.30 each for $690,000 in total to five investors, completed December 20, 2004. Each unit has one share and one warrant to buy another share at $0.40 in the first year or $0.50 in the second year. It must file a registration statement for resale of the shares by April 19, 2005, and existing shareholders face dilution from the new shares and any warrant exercises (an inference).
What it means for a shareholder
2.3m new shares at US$0.300 to raise about US$690,000. 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.
18 Nov 2004director interest notice● Neutral
Jeffrey Wilson became a Lincoln Gold Mining Inc. Vice President Exploration and company insider (initial ownership filing).
12 Nov 2004late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
9 Nov 2004director interest notice● Neutral
Steven Chi became a Lincoln Gold Mining Inc. director and company insider (initial ownership filing).
17 June 2004director interest notice● Neutral
Lincoln Gold Mining Inc. director Andrew Milligan received a stock option grant for 430,000 shares.
16 June 2004director interest notice● Neutral
Lincoln Gold Mining Inc. director James Currie received a stock option grant for 200,000 shares.
10 June 2004director interest notice● Neutral
Lincoln Gold Mining Inc. director James Chapman received a stock option grant for 200,000 shares.
14 May 2004late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.
30 Apr 2004director interest notice● Neutral
James Currie became a Lincoln Gold Mining Inc. director and company insider (initial ownership filing).
30 Apr 2004director interest notice● Neutral
James Chapman became a Lincoln Gold Mining Inc. director and company insider (initial ownership filing).
23 Apr 2004director interest notice● Neutral
Paul Saxton became a Lincoln Gold Mining Inc. President and C.E.O and company insider (initial ownership filing).
23 Apr 2004director interest notice● Neutral
Andrew Milligan became a Lincoln Gold Mining Inc. director and company insider (initial ownership filing).
12 Apr 2004asset acquisition disposition● NeutralMajor
The company reports that the acquisition closed March 26, 2004, and that Chapman and Currie joined the board and Bell, Wilson and Bailey resigned on April 12, 2004. The merger of Lincoln Gold into the company was completed effective April 6, 2004 and the company was renamed Lincoln Gold Corporation, resolving the planned steps from the prior notice. Shares outstanding remain 35,400,000, with former Lincoln Gold holders at about 67.8%.
2 Apr 2004business combination● NeutralMajor
The information statement says the Lincoln Gold Corp. acquisition closed on March 26, 2004, with 24,000,000 shares issued so that 35,400,000 are outstanding and former Lincoln Gold holders own about 67.8%. Paul Saxton became president and Andrew Milligan chairman; James Chapman and James Currie were expected to join the board and the three prior directors (Bell, Wilson, Bailey) to resign. The board also approved merging Lincoln Gold into the company and renaming it Lincoln Gold Corporation, with no shareholder vote required. This confirms the earlier proposed deal; the option payment terms are now described as over nine years rather than six.
16 Mar 2004farm in farm out agreement● NeutralMajor
Braden Technologies Inc. (the company, later renamed Lincoln Gold Corporation) agreed on March 15, 2004 to buy all 2,400,000 shares of Lincoln Gold Corp., a Nevada exploration company formed September 25, 2003, by issuing 24,000,000 of its own shares (ten for one). Closing was set for March 26, 2004 and depended on audited financials, with no assurance it would complete. If it closed, Lincoln Gold's former holders would own 67.8% of 35,400,000 shares, which the filing says would be a change of control; a $200,000 convertible note would also convert into 5,000,000 shares at $0.04. Lincoln Gold's assets were option rights on the Hannah and Lincoln Flat projects in Nevada (each $210,000 of cash payments over six years, plus a royalty) and 32 staked claims; the filing says no exploration had been done and the company lacked financing for it.
15 May 2000late filing notice▼ Bad
Lincoln Gold Mining Inc. notified the SEC that its quarterly report would be filed late.