27 Mar 2024listing compliance notice▼ Bad
Mining Global, Inc. withdrew a registration statement, abandoning the offering it covered.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2023listing compliance notice▼ BadMajor
Mining Global, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
25 July 2022material agreement● NeutralMajor
A July 11, 2022 board resolution changed management again: Tom Ilic resigned, Alex Sentic became CEO, Irina Veselinovic interim COO, and Zoran Cvetojevic chairman, who bought Preferred B shares issued to Small Cap Compliance, LLC and made up to $250,000 in cash available to the company. The board also voted to revert the name from American Rolling Company, Inc. to Mining Global, Inc., to review all debts (the only debt on the books is Emry Capital, $356,000), to resume OTC Markets disclosure, and to keep pursuing a merger with Cash Next.Com, described as a carbon exchange mining company. The merger is described as previously announced and not completed.
12 Feb 2018material agreement termination● NeutralMajor
On February 12, 2018 current management rescinded a Settlement and Exchange Agreement dated March 17, 2015 with Nathan Yoder and Joel Natario. Management says it found no evidence that Yoder advanced the loans described and calls the loan document fraudulent, invalid and non-binding. This is management's own position as stated in the filing; the Yoder side's response is not given.
8 Mar 2017business combination● NeutralMajor
The company, now named Mining Global, Inc., reported a February 14, 2017 share exchange agreement to acquire Sammya Nigeria Limited, a Nigerian mining engineering, exploration and development business. Payment is in restricted shares of Mining Global, priced at a 25% discount to an independent appraisal not yet done, so the number of new shares (dilution) is not yet known. Control also changed: Joel Natario sold all 2,000,000 Series A preferred shares to Mina Mar Group, Inc., and Sammy Adigun became CEO, with Miro Zecevic and Stanley Olatunde also taking officer/director roles.
1 May 2014listing compliance notice▼ BadMajor
Mining Global, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
7 Aug 2012auditor change● Neutral
This amendment adds Davidson & Company's letter of August 7, 2012 agreeing with the company's statements about its dismissal, which was missing from the August 6 filing. It repeats the auditor change to MaloneBailey with no new substance.
6 Aug 2012auditor change● Neutral
On July 31, 2012 the company dismissed its auditor Davidson & Company and appointed MaloneBailey, LLP for the year ending August 31, 2012. The filing reports no disagreements; Davidson's earlier reports included a going-concern doubt. Davidson's confirmation letter was still to come.
19 June 2012material agreement● Neutral
Atkinson and Ryan extended the closing date of the control-share purchase from June 1 to July 2, 2012, raising the price from $125,000 to $130,000 and the final payment to $80,000. This continues the March 2012 change-of-control; the deal was still unclosed at this point.
24 May 2012asset acquisition disposition● NeutralMajor
On May 21, 2012 the company bought 100% of PureSpectrum Oil and Gas, Inc., a Texas oil and gas leasing company, from PureSpectrum, Inc., paying 2,500,000 restricted shares and taking on 70% of the seller's secured debts (about $650,000). The seller's CEO is also Cedric Atkinson, the company's CEO, so this is a related-party deal. The company also signed a five-year CEO agreement with Atkinson at $20,000 a month plus 10,000,000 restricted shares vesting over the term, void if his share purchase from Ryan does not close.
8 May 2012business combination● NeutralMajor
This notice says control of the company changed on March 2, 2012, when David K. Ryan sold 900,000 shares (about 55.2% of the stock) to Cedric Atkinson for $125,000, with $50,000 paid and $75,000 due by June 1, 2012. Atkinson became President and CEO, Shane Epps resigned from the board, and Murray Gregory Clements is expected to join the board. The filing does not mention the 2010 OTS/HOTI letter of intent.
10 Nov 2010business combination● NeutralMajor
On November 4, 2010 the company signed a non-binding letter of intent for a business combination with Organ Transport Systems, Inc. (OTS), a subsidiary of Healthcare of Today (HOTI) that owns patented organ-transport technology and a heart perfusion product called LifeCradle. If completed, HOTI would own 60% of the company's shares and hold preferred shares giving it 51% voting control, which would dilute existing shareholders. The filing says completion depends on due diligence and a formal agreement, with no assurance it will happen.
26 June 2009auditor change● Neutral
The company (filing under the name Yaterra Ventures Corp., the earlier name of Mining Global) dismissed its auditor Williams & Webster on June 22, 2009 and hired Davidson & Company LLP. The filing reports no disagreements with the old auditor; its earlier reports carried a going-concern uncertainty statement.