3 June 2016listing compliance notice▼ Bad
MAVERICK MINERALS CORP withdrew a registration statement, abandoning the offering it covered.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Apr 2015late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its annual report would be filed late.
19 Nov 2014quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $56 thousand for the period ended 2014-09-30.
14 Nov 2014late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its quarterly report would be filed late.
19 Aug 2014quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $43 thousand for the period ended 2014-06-30.
14 Aug 2014late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its quarterly report would be filed late.
15 May 2014quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $31 thousand for the period ended 2014-03-31.
31 Mar 2014late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its annual report would be filed late.
14 Nov 2013quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $118 for the period ended 2013-09-30.
14 Aug 2013quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $72 thousand for the period ended 2013-06-30.
20 May 2013quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $74 thousand for the period ended 2013-03-31.
16 May 2013late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its quarterly report would be filed late.
14 Nov 2012quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $2.4 million for the period ended 2012-09-30.
2 Nov 2012capital raising announcement● NeutralMajor
On October 29, 2012, Maverick issued 3,039,057 shares at $0.10 to one non-U.S. investor on conversion of a $300,000, 8% debenture. This matches the Energold debenture from September 28 in size, rate and price, though the filing does not name the investor (inference). The debenture is gone and the share count rises by about 3 million, diluting existing holders including Donna Rose.
4 Oct 2012capital raising announcement● NeutralMajor
On September 28, 2012, Energold Minerals Inc., the partner on the Jarvis Island option, bought an 8% convertible debenture from Maverick for CDN$300,000, convertible into stock at a deemed US$0.10 per share and maturing December 31, 2012. If converted, it adds shares and dilutes other holders. The filing does not state what the money is for.
20 Aug 2012quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $84 thousand for the period ended 2012-06-30.
17 Aug 2012quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $84 thousand for the period ended 2012-06-30.
13 Aug 2012quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $84 thousand for the period ended 2012-06-30.
9 Aug 2012capital raising announcement▲ GoodMajor
On August 7, 2012, Maverick issued 650,000 shares to The Art Brokerage, Inc. to settle a defaulted secured loan of $2,633,799.40, and Art Brokerage also agreed to forgive two unsecured loans totalling $675,855.62 for no consideration. It issued 100,000 shares to Senergy Partners LLC to settle a defaulted $434,435.93 loan. Both lenders are owned by Donna Rose, who owns about 80.18% of Maverick (10,425,972 shares). This clears a large amount of debt owed to the controlling holder, including the Senergy loan from earlier years, in exchange for new shares; the share counts here are far smaller than the 89.5 million shares reported in 2010, which suggests a share consolidation not described in these filings (inference).
12 June 2012asset acquisition disposition● NeutralMajor
On June 8, 2012, Maverick signed an option agreement with Energold Minerals Inc. to earn up to 51% of the Jarvis Island Property, a barite-prospective mining claim group near Thunder Bay, Ontario. It must issue 100,000 shares by June 29, 2012 and 100,000 by September 15, 2013, and spend $200,000 by September 15, 2014 for the first 30%; a further 200,000 shares and $200,000 of spending earn the extra 21%. Both options end if the first is not exercised by September 15, 2013, and the filing states there is no assurance Maverick will exercise. This is a mineral (barite) project, a different direction from the Texas oil and gas leases; the filing says nothing about the Texas well here. The head office also moved to Toronto on April 23, 2012.
2 Apr 2012late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its annual report would be filed late.
21 Nov 2011quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $178 thousand for the period ended 2011-09-30.
14 Nov 2011late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its quarterly report would be filed late.
15 Aug 2011quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $1.1 million for the period ended 2011-06-30.
20 May 2011quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $192 thousand for the period ended 2011-03-31.
16 May 2011late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its quarterly report would be filed late.
1 Apr 2011late filing notice▼ Bad
MAVERICK MINERALS CORP notified the SEC that its annual report would be filed late.
28 Dec 2010capital raising announcement▲ GoodMajor
Maverick sold part of the working interest in its initial test well in Fort Bend County, Texas (Lankford Trust No. 1), the drilling obligation from the December 2009 farm-out: 15% to John F. Kearney for $500,000 (effective December 6, 2010) and 3% to Arrowdog, LLP for $150,000 (December 7, 2010). Kearney's side also bought 500,000 shares at $0.50 for $250,000 in a Regulation S placement, and gets 25% of well proceeds until the $500,000 is repaid, then 15%. Arrowdog is carried at no cost through completion or plugging. Maverick stays operator. The filing implies the well was being drilled by December 2010, ahead of the December 14, 2010 deadline (inference); it does not say how the well's costs are funded overall.
What it means for a shareholder
500,000 new shares at $0.500 to raise about $250,000. 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.
15 Nov 2010quarterly activities report▼ Bad
MAVERICK MINERALS CORP reported a quarterly net loss of $2.0 million for the period ended 2010-09-30.
8 Oct 2010securities registration● Neutral
MAVERICK MINERALS CORP registered a securities offering with the SEC.