15 Aug 2011late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2011late filing notice▼ Bad
Mexus Gold US notified the SEC that its annual report would be filed late.
22 Feb 2011quarterly activities report▼ Bad
Mexus Gold US reported quarterly revenue of $0 and a net loss of $545 thousand for the period ended 2010-12-31.
14 Feb 2011late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
8 Feb 2011auditor change● Neutral
Third amendment to the October 2010 auditor-change filing. It corrects the company name back to Mexus Gold U.S., Inc. and otherwise repeats the earlier text, including that no response has been received from O'Donnell.
31 Jan 2011auditor change● Neutral
Second amendment to the October 2010 auditor-change filing. It repeats the previous version (including the 'AVT, Inc.' name and the PCAOB revocation of O'Donnell) and states that no response letter has been received from O'Donnell.
14 Jan 2011auditor change● Neutral
First amendment to the October 2010 auditor-change filing. It adds that the PCAOB revoked O'Donnell's registration effective December 14, 2010; the rest repeats the earlier text, though it names the company as 'AVT, Inc.', apparently an error.
22 Nov 2010quarterly activities report▼ Bad
Mexus Gold US reported quarterly revenue of $0 and a net loss of $545 thousand for the period ended 2010-12-31.
12 Nov 2010late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
1 Nov 2010auditor change▼ Bad
Auditor Larry O'Donnell, CPA, P.C. resigned around October 5, 2010, only about five months after being hired, and on October 26, 2010 the board appointed De Joya Griffith & Company, LLC. O'Donnell's report on the year to March 31, 2010 carried a going-concern warning citing an accumulated deficit of $641,028; no disagreements are reported.
20 Aug 2010quarterly activities report● Neutral
Mexus Gold US reported quarterly revenue of $20 thousand for the period ended 2010-09-30.
13 Aug 2010late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
20 July 2010material agreement▲ GoodMajor
On July 7, 2010 the company agreed to fund Mexus Gold Mining, S.A. de C.V. so it can start mining in Sonora, in return for 75% of mining revenues after costs; the agreement ends when the business combination between the two completes. On July 9 it also agreed with Western States Trading, LLC to process 20 tons of material from the 'Eight Brothers Mine' for evaluation. This builds on the October 2009 option on Mexus Gold Mining.
13 July 2010material agreement▲ GoodMajor
On July 8, 2010 the company signed a Project Management Agreement with Powercom Services, Inc. to provide the capital for the first phase of recovering undersea cable in Alaskan waters, which the company says will fund it through its first barge load sale. It aims to start pulling cable by mid-August and deliver before the end of September 2010; these are company targets, not results. This advances the cable salvage plan first described in February.
6 July 2010late filing notice▼ Bad
Mexus Gold US amended its notice to the SEC that its annual report would be filed late.
30 June 2010late filing notice▼ Bad
Mexus Gold US notified the SEC that its annual report would be filed late.
11 May 2010auditor change● Neutral
Auditor Cordovano and Honeck, LLP told the board it wished to resign, and effective May 7, 2010 the company hired Larry O'Donnell, CPA, P.C. Its 2008 and 2009 audit reports carried going-concern warnings, and the filing reports no disagreements.
18 Feb 2010capital raising announcement● NeutralMajor
On February 11, 2010 the company issued another 20 million restricted shares as the exercise price of its option on Mexus Gold Mining, S.A. de C.V., completing the share payments set out in the October 2009 option. The filing also describes its projects (Ocho Hermanos, 370 Area, El Scorpion, Los Laureles in Sonora; the Nevada Pacific Rim property; and a cable salvage plan), noting that management has not verified the reported figures.
12 Feb 2010late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
14 Jan 2010capital raising announcement▼ BadMajor
On December 21, 2009 the company agreed to buy mining equipment (a Komatsu dozer drill, cone, jaw crusher, surge tank and hydraulic drum) from Mexus Gold International, Inc. for 40,000,000 restricted shares, for use in Mexico. The seller is the same related company that leased equipment to it in September 2009, and the large share issue dilutes existing holders.
12 Nov 2009late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.
5 Nov 2009capital raising announcement● NeutralMajor
Now named Mexus Gold US, the company signed a 180-day option on October 20, 2009 to acquire 99% of Mexus Gold Mining, S.A. de C.V., which claims land and equipment in Sonora, Mexico. It issued 20 million restricted shares on November 3, 2009 as the option price; the exercise price is a further 20 million shares. The deal depends on Mexus Gold Mining completing a US-standard audit.
3 Nov 2009material agreement● NeutralMajor
On October 16, 2009 the company paid 250,000 restricted shares for an eight-month option (extendable six months) to buy patented and unpatented mining claims in Esmeralda County, Nevada. Exercising it would cost $5,000,000, payable in cash and restricted shares.
11 Sept 2009material agreement● Neutral
On September 4, 2009 the company signed a six-month rental of a Komatsu dozer and a core drill from Mexus Gold International, Inc. at $3,850 per month, payable in cash or restricted shares valued at $0.08 per share. The filing states that the company's sole officer and director, who is also the majority owner and sole officer of the lessor, is on both sides, so this is a related-party deal.
10 Sept 2009capital raising announcement● NeutralMajor
The company (then still named Action Fashions, Ltd.) issued 42,500,000 shares to Tarus Gold on August 23, 2009 on conversion of an $85,000 note at $0.002 per share. Tarus Gold is owned by sole officer and director Paul D. Thompson. On September 3, 2009 former majority holder Phillip Koehnke returned 129,025,000 shares to treasury for partial debt repayment, leaving Tarus Gold with 84% of the stock. This confirms the control change shown in the earlier ownership filings.
10 Sept 2009substantial holder notice● Neutral
Paul D. Thompson disclosed a new substantial Mexus Gold US shareholding (84.00% of votes).
9 Sept 2009director interest notice● Neutral
Mexus Gold US 10%+ owner Koehnke Phillip Eugene disposed of 129,025,000 shares via option/appreciation-right settlement.
9 Sept 2009director interest notice● Neutral
Mexus Gold US director Johnson Susie L received 127,000 shares as part of the equity award.
28 Aug 2009director interest notice● Neutral
Thompson Paul Dwight became a Mexus Gold US CEO, CFO, Secretary and company insider (initial ownership filing).
13 Aug 2009late filing notice▼ Bad
Mexus Gold US notified the SEC that its quarterly report would be filed late.