Past year: ▼ 100%(0.00c – 1.04 USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 May 2016asset acquisition disposition▼ BadMajor
On May 17, 2016 the subsidiaries completed the previously announced sale of the Pan, Gold Rock, Pinyon, Golden Eagle and other assets to GRP Minerals, on the terms in the May 16 filing. The filing gives no new figures and says nothing about proceeds or treatment of shareholders.
16 May 2016material agreement▼ BadMajor
On May 13, 2016 the bankruptcy court authorized the subsidiaries to sell the Pan, Gold Rock, Pinyon and Golden Eagle projects and other assets to GRP Minerals for US$5.25 million cash (less cure payments and transfer taxes), with the buyer assuming about US$16.1 million of reclamation liabilities. GRP was the stalking horse bidder and no higher qualifying bid was received; closing was still subject to customary conditions. The filing does not say what happens to shareholders or where proceeds go.
29 Jan 2016director interest notice● Neutral
Goldfarb Matthew became a Midway Gold Corp director and company insider (initial ownership filing).
18 Dec 2015material agreement● NeutralMajor
On Dec 17, 2015 the bankruptcy court-approved sale (order entered Dec 15) closed: Midway's subsidiaries sold their 30% Spring Valley interest and related property to Solidus Resources for US$25 million cash. This completes the pending sale announced Dec 3; the filing does not say where the proceeds go. The CEO is quoted calling it a step in Midway's ongoing reorganization.
3 Dec 2015material agreement● NeutralMajor
On Dec 1, 2015 Midway's subsidiaries agreed to sell their 30% Spring Valley interest and related property to Solidus Resources (a Waterton affiliate) for US$25 million cash, subject to bankruptcy court approval. This is the interest held in the Barrick joint venture; Waterton is separately buying Barrick's 70%. Nothing in the filing says where the proceeds go.
2 July 2015listing compliance notice● NeutralMajor
Midway Gold Corp's exchange filed to remove a class of its securities from listing.
22 June 2015director interest notice● Neutral
Timothy J Haddon became a Midway Gold Corp director and company insider (initial ownership filing).
22 June 2015bankruptcy or receivership▼ BadMajor
On June 22, 2015 Midway Gold Corp. and its subsidiaries, including MDW Pan LLP, filed for Chapter 11 bankruptcy in Colorado, with a Canadian recognition proceeding to follow. The filing accelerated the Commonwealth Bank and Hale loans, though the company says enforcement is stayed. The filing text does not say what happens to common shareholders' shares, so their outcome is unresolved.
26 May 2015debt financing▼ BadMajor
On May 23, 2015 Commonwealth Bank gave notice of an event of default on the Pan credit facility, alleging the Pan borrower failed the cost-to-complete and/or time-to-complete tests for over 30 days after a March 13 waiver expired. The bank reserved rights including demanding immediate repayment; $47.5 million had been drawn, and ending the hedges created a roughly $1.1 million obligation due by June 30, 2015. This reverses the earlier plan of first gold in early 2015.
11 May 2015quarterly activities report▼ Bad
Midway Gold Corp reported a quarterly net loss of $7.0 million for the period ended 2015-03-31.
27 Apr 2015substantial holder notice● Neutral
Martin M. Hale, Jr, Hale Fund Management, LLC, Hale Capital Management, LP, Hale Capital Partners, LP, EREF-MID II, LLC reported a Midway Gold Corp shareholding of 17,837,838 shares (17.80% of votes) in a periodic institutional filing.
24 Apr 2015substantial holder notice● Neutral
INV-MID, LLC, Investure, LLC, Alice W. Handy reported a Midway Gold Corp shareholding of 20,000,000 shares (14.39% of votes) in a periodic institutional filing.
21 Apr 2015debt financing▼ BadMajor
On April 17, 2015 the Pan subsidiary (MDW Pan LLP) signed a $10.5 million subordinated secured loan with lenders affiliated with Hale Capital Partners (the Series A preferred holders), at 13.5% interest mostly payable in kind, maturing Sept 30, 2017. Midway and subsidiaries guaranteed it, and it ranks behind the Commonwealth Bank senior facility; this adds debt on top of the Pan bank loan.
7 Apr 2015substantial holder notice● Neutral
Martin M. Hale, Jr, Hale Fund Management, LLC, Hale Capital Management, LP, Hale Capital Partners, LP, EREF-MID II, LLC reported a Midway Gold Corp shareholding of 17,837,838 shares (17.80% of votes) in a periodic institutional filing.
3 Apr 2015substantial holder notice● Neutral
INV-MID, LLC, Investure, LLC, Alice W. Handy reported a Midway Gold Corp shareholding of 20,000,000 shares (14.39% of votes) in a periodic institutional filing.
3 Apr 2015director interest notice● Neutral
Midway Gold Corp director Inv-mid, LLC received 1,951,461 shares as part of the equity award.
3 Apr 2015director interest notice● Neutral
Midway Gold Corp director Martin M Jr. Hale received 3,678,430 shares as part of the equity award.
12 Feb 2015substantial holder notice● Neutral
Van Eck Associates Corporation reported a Midway Gold Corp shareholding of 14,517,341 shares (8.30% of votes) in a periodic institutional filing.
9 Feb 2015director interest notice● Neutral
Wilbourn II James C. became a Midway Gold Corp Gen Counsel & Corp. Secretary and company insider (initial ownership filing).
4 Feb 2015substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc reported a Midway Gold Corp shareholding of 8,757,200 shares (5.00% of votes) in a periodic institutional filing.
30 Jan 2015securities registration● Neutral
Midway Gold Corp filed the final prospectus for a registered offering.
28 Jan 2015securities registration● Neutral
Midway Gold Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
28 Jan 2015resource reserve update● Neutral
Midway furnished to the SEC amended Canadian-standard technical reports on its Spring Valley resource (dated Dec 19, 2014, by Gustavson Associates) and its Gold Rock resource (dated Jan 8, 2015, by Global Resource Engineering), plus a Jan 23, 2015 press release about Spring Valley resource growth. The visible text gives no resource figures, so the size of any change is not stated here; these are amended versions of the 2014 reports noted earlier.
5 Jan 2015director interest notice● Neutral
Midway Gold Corp director Martin M Jr. Hale received 1,626,269 shares as part of the equity award.
5 Jan 2015director interest notice● Neutral
Midway Gold Corp director Inv-mid, LLC received 862,759 shares as part of the equity award.
18 Dec 2014director interest notice● Neutral
Kenneth Arnold Brunk became a Midway Gold Corp company insider (initial ownership filing).
15 Dec 2014director interest notice● Neutral
Midway Gold Corp Chief Financial Officer Blacketor Bradley J. received a stock option grant for 200,000 shares.
15 Dec 2014director interest notice● Neutral
Midway Gold Corp director Brunk Kenneth Arnold received a stock option grant for 100,000 shares.
12 Dec 2014director interest notice● Neutral
Midway Gold Corp President & CEO Zisch William M received a stock option grant for 1,757,576 shares.
12 Dec 2014director interest notice● Neutral
Zisch William M became a Midway Gold Corp President & CEO and company insider (initial ownership filing).
