22 Mar 2016director interest notice● Neutral
Lithium Corp Pres/Sec/Treas Brian O'connell Goss bought 500,000 shares on the open market at $0.03.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2016material agreement▲ GoodMajor
Lithium Corp signed a new earn-in agreement letting 1032701 B.C. Ltd earn up to an 80% interest in the Fish Lake Valley lithium brine property it had failed to sell outright to Pathion a year earlier, through $300,000 in payments, shares and $1.1 million of exploration work over three years.
6 Nov 2015quarterly activities report▼ Bad
Lithium Corp reported a quarterly net loss of $60 thousand for the period ended 2015-09-30.
14 Aug 2015quarterly activities report▼ Bad
Lithium Corp reported a quarterly net loss of $58 thousand for the period ended 2015-06-30.
15 May 2015quarterly activities report▼ Bad
Lithium Corp reported a quarterly net loss of $72 thousand for the period ended 2015-03-31.
18 Feb 2015director interest notice● Neutral
Lithium Corp insider John E Hiner disposed of 280,000 shares via option/appreciation-right settlement.
29 Jan 2015material agreement termination▼ BadMajor
Lithium Corp terminated the Pathion asset-sale agreement after Pathion again failed to close, keeping its Fish Lake Valley, San Emidio and BC Sugar properties.
17 Dec 2014material agreement▼ BadMajor
Lithium Corp's August 2014 agreement to sell its Fish Lake Valley, San Emidio and BC Sugar properties to Pathion Inc has been repeatedly delayed as Pathion defaulted on the closing schedule; Lithium eased some default terms rather than walk away yet.
7 Nov 2014quarterly activities report▼ Bad
Lithium Corp reported a quarterly net loss of $132 thousand for the period ended 2014-09-30.
11 Aug 2014director interest notice● Neutral
Lithium Corp President / CEO Alexander Richard Walsh sold 39,020 shares at $0.04.
6 Aug 2014quarterly activities report▼ Bad
Lithium Corp reported a quarterly net loss of $74 thousand for the period ended 2014-06-30.
30 July 2014auditor change● Neutral
Lithium Corp switched auditors from Silberstein Ungar to KLJ & Associates after Silberstein's principals moved firms - a routine succession, not a dispute over the books.
19 June 2014director interest notice● Neutral
Brian O'connell Goss became a Lithium Corp director and company insider (initial ownership filing).
19 May 2014quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $66 thousand for the period ended 2014-03-31.
16 May 2014late filing notice▼ Bad
Lithium Corp notified the SEC that its quarterly report would be filed late.
29 Apr 2014material agreement● NeutralMajor
Lithium Corp took a 25% stake in newly formed Summa LLC, a joint venture with All American Resources and TY & Sons Investments, contributing $125,000 in cash and services.
1 Apr 2014late filing notice▼ Bad
Lithium Corp notified the SEC that its annual report would be filed late.
7 Nov 2013quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $129 thousand for the period ended 2013-09-30.
19 Aug 2013quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $70 thousand for the period ended 2013-06-30.
15 Aug 2013late filing notice▼ Bad
Lithium Corp notified the SEC that its quarterly report would be filed late.
12 June 2013asset acquisition disposition● Neutral
Lithium Corp bought a 20.57-hectare claim in the Cherryville area of British Columbia from Herb Hyder for 250,000 shares and staked another 1,358 hectares around it, expanding its new British Columbia exploration ground.
20 May 2013quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $92 thousand for the period ended 2013-03-31.
14 May 2013quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $92 thousand for the period ended 2013-03-31.
22 Apr 2013material agreement● NeutralMajor
Lithium Corp took an option - via a related-party agreement with its own president, Tom Lewis - to acquire 100% of the Mount Heimdal flake graphite property in British Columbia, its first move beyond lithium.
2 Apr 2013late filing notice▼ Bad
Lithium Corp notified the SEC that its annual report would be filed late.
2 Apr 2013director interest notice● Neutral
James Stuart Brown became a Lithium Corp director and company insider (initial ownership filing).
15 Mar 2013capital raising announcement● Neutral
Lithium Corp staked additional claims at its Fish Lake Valley property in Nevada and repriced underwater director/officer/consultant stock options down to $0.045 per share.
28 Nov 2012capital raising announcement▼ Bad
Lithium Corp raised $550,000 in a private placement, issuing 11 million units at $0.05 each - a fraction of the $1.00 unit price from its 2010 raise, reflecting how far the stock had fallen.
What it means for a shareholder
11.0m new shares at US$0.050 to raise about US$550,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held US$1,000 of shares (20,000 at the issue price), your slice goes from 0.0314% to 0.0268% of the company. To keep it you'd need 3,456 more shares - about US$173 at the issue price.
Create a free account to see this worked out for your own holding.
14 Nov 2012quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $443 thousand for the period ended 2012-09-30.
20 Aug 2012quarterly activities report▼ Bad
Lithium Corp reported quarterly revenue of $0 and a net loss of $83 thousand for the period ended 2012-06-30.