3 Jan 2005director interest notice● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner Emerson Trust gifted 3,333,334 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Jan 2005director interest notice● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner Excel Trust gifted 3,333,333 shares.
10 Dec 2004material agreement● NeutralMajor
Long Teng Mining, the joint venture, agreed on December 2, 2004 to buy a mining license for the roughly 3 sq km Xintaizi area in Sichuan from Kangding Kangma Mining Ltd. Co. for 2,100,000 RMB (about US$253,725). The license allows production of 10,000 tons per year and runs to December 1, 2006, renewable.
9 Nov 2004director interest notice● Neutral
Peter Michael Smith became a MAGNUS INTERNATIONAL RESOURCES, INC. director and company insider (initial ownership filing).
29 Oct 2004late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its annual report would be filed late.
12 Oct 2004material agreement▲ GoodMajor
The Long Teng Mining joint venture was approved by the Chinese government and its business license was issued as of September 30, 2004, resolving the pending approval. The deal was amended to add a 44.02 sq km area in Luquan County, Yunnan, and the stock payment to Team 209 rose from US$500,000 to US$750,000; the US$5,000,000 contribution schedule and the 90/10 split are unchanged.
9 Sept 2004material agreement● NeutralMajor
On July 6, 2004 the company and Team 209 signed the formal joint venture contract creating Long Teng Mining Ltd. for the 83.29 sq km Huidong County (Sichuan) property, following the April preliminary agreement. The company must contribute US$5,000,000 in stages (US$460,000 within three months of the business license, US$1,000,000 within 24 months, US$1,550,000 within 36 months, and possibly US$1,990,000 within 48 months) to end up with 90%, and must also give Team 209 about US$500,000 of company stock within 30 days of the license.
19 July 2004auditor change● Neutral
An amendment to the July 9 auditor-change filing, restating that the board dismissed Miller & McCollom on July 9, 2004. The other content (no unresolved disagreements, going-concern qualification in prior opinions, Moore Stephens as replacement) is unchanged.
13 July 2004auditor change● Neutral
The company ended its relationship with its auditor Miller & McCollom on July 9, 2004; the filing states there were no unresolved disagreements, though the audit opinions for the last two years carried a going-concern qualification. Moore Stephens Ellis Foster Ltd. is named as the principal accountant (engaged by the board January 9, 2003 and ratified by shareholders May 4, 2004).
14 June 2004late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
20 May 2004asset acquisition disposition● NeutralMajor
The company signed preliminary joint venture agreements with Brigade 209 ("Team 209") for an 83.29 sq km area in Huidong County, Sichuan (US$5,000,000 for 90%) and for the Zhamashi property in Qinghai (US$5,010,000 for 90%, plus an approximately US$2,000,000 mine asset purchase by the venture). The Zhamashi deal firms up the January letter of intent; definitive agreements are due by June 30, 2004. Separately, effective May 4, 2004 the company changed its name from Gravity Spin Holdings to Magnus International Resources, split its shares 2-for-1, raised authorized shares from 25,000,000 to 100,000,000, elected four directors (Taylor, Demmons, Turner, Smith), and began trading as "MGNU".
17 Mar 2004asset acquisition disposition● NeutralMajor
The company (then still named Gravity Spin Holdings) disclosed three non-binding letters of intent for Chinese mining joint ventures: the Guangxi Bobai Yingqiao Silver Mine with Guangxi Non-ferrous Metals Trading & Management Company (aiming for at least 80% control, plus about US$1,000,000 of spending), and two gold/copper projects with Brigade 209 (Jinlong Mountain and Zhamashi), each with a US$5,000,000 equity investment for a 90% stake. Each deal has a decision deadline (April 30, March 31 and March 15, 2004) and a finder's fee of 100,000 shares to True North Management Ltd.; nothing is final yet.
12 Mar 2004late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
18 Dec 2003substantial holder notice● Neutral
Excel Trust, Emerson Trust, IFG Trust Services Inc. disclosed a new substantial MAGNUS INTERNATIONAL RESOURCES, INC. shareholding (61.90% of votes).
15 Dec 2003director interest notice● Neutral
Excel Trust became a MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner and company insider (initial ownership filing).
15 Dec 2003late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
15 Dec 2003director interest notice● Neutral
Graham Robert Taylor became a MAGNUS INTERNATIONAL RESOURCES, INC. President and company insider (initial ownership filing).
15 Dec 2003director interest notice● Neutral
Emerson Trust became a MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner and company insider (initial ownership filing).
28 Nov 2003director interest notice● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner White Sands Holdings INC sold 3,333,333 shares at $0.01.
26 Nov 2003director interest notice● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. 10%+ owner White Sands Holdings INC sold 3,333,333 shares at $0.15.
29 Oct 2003late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its annual report would be filed late.
1 May 2003securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
12 Dec 2002late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
28 Oct 2002late filing notice▼ Bad
MAGNUS INTERNATIONAL RESOURCES, INC. notified the SEC that its annual report would be filed late.
21 June 2002securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
30 May 2002securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
7 May 2002securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
8 Apr 2002securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
6 Mar 2002securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
13 Dec 2001securities registration● Neutral
MAGNUS INTERNATIONAL RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.