20 Apr 2011quarterly activities report▼ Bad
National Graphite Corp reported a quarterly net loss of $289 thousand for the period ended 2011-02-28.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Apr 2011late filing notice▼ Bad
National Graphite Corp notified the SEC that its quarterly report would be filed late.
18 Jan 2011quarterly activities report▼ Bad
National Graphite Corp reported a quarterly net loss of $33 thousand for the period ended 2010-11-30.
29 Oct 2010capital raising announcement● NeutralMajor
Lucky Boy Silver signed an equity financing agreement for up to $2,500,000 with Cardinal Capital Holdings, Limited, a British Virgin Islands investor. It received a first draw of $225,000 on October 28, 2010 for 346,154 restricted shares, and may draw up to $1,500,000 in total through October 19, 2011, with up to $1,000,000 more at $0.65 at the investor's discretion. For shareholders, this funds the company but means further new shares will be issued.
21 Oct 2010quarterly activities report● Neutral
National Graphite Corp reported a quarterly net income of $45 thousand for the period ended 2010-08-31.
18 Oct 2010late filing notice▼ Bad
National Graphite Corp notified the SEC that its quarterly report would be filed late.
14 Sept 2010auditor change● Neutral
The company, now named Lucky Boy Silver Corp., said it dismissed auditor Gruber & Company LLP and hired Sadler Gibb & Associates LLC on April 15, 2010 (filed September 14, 2010). Gruber's report for the year ended May 31, 2009 carried a going-concern doubt paragraph, and the filing reports no disagreements. The filing also shows the Sierra Ventures name had changed to Lucky Boy Silver, consistent with the Nevada silver claims acquired in early 2010.
31 Aug 2010director interest notice● Neutral
Fortunato Villamagna became a National Graphite Corp CFO and Secretary and company insider (initial ownership filing).
30 Aug 2010late filing notice▼ Bad
National Graphite Corp notified the SEC that its annual report would be filed late.
13 Apr 2010late filing notice▼ Bad
National Graphite Corp notified the SEC that its quarterly report would be filed late.
1 Mar 2010material agreement● NeutralMajor
On February 8, 2010 Ken Liebscher agreed to acquire 38 unpatented claims and 2 historic silver mine leases (Lucky Boy and Black Butte) in Mineral County, Nevada, for US$55,000 plus 75,000 shares each to Monte Cristo Projects LLC and Alan Chambers. On February 23, 2010 he assigned the deal to the company for $1.00, so the company now carries the obligations and benefits. This is the company's first mineral property following the December 2009 change of control.
31 Dec 2009capital raising announcement● Neutral
Sierra Ventures sold 50,000 new shares at $0.40 each (about $20,000 by simple multiplication) to two offshore investors in a private placement effective December 29, 2009. This adds a small number of shares to the 8,900,000 outstanding at the time of the prior filing.
What it means for a shareholder
50,000 new shares at US$0.400 to raise about US$20,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Dec 2009substantial holder notice● Neutral
Ken Liebscher disclosed a new substantial National Graphite Corp shareholding (67.40% of votes).
29 Dec 2009director interest notice● Neutral
Kenneth B Liebscher became a National Graphite Corp President,Secretary,Treasurer and company insider (initial ownership filing).
24 Dec 2009business combination● NeutralMajor
The filing (under the name Sierra Ventures, Inc., a Wyoming company, which is the same registrant, file no. 333-146675, later known as National Graphite) says control changed hands: on December 11, 2009 Ken Liebscher bought 6,000,000 shares (67.4% of 8,900,000 outstanding) from sole director Ian Jackson for $200,000. Liebscher became president, treasurer, secretary and a director, and Jackson is to resign as director. No shareholder vote is needed.
31 Aug 2009late filing notice▼ Bad
National Graphite Corp notified the SEC that its annual report would be filed late.
11 Mar 2009securities registration● Neutral
National Graphite Corp filed a preliminary prospectus for a registered offering.
11 Mar 2009securities registration● Neutral
National Graphite Corp filed a preliminary prospectus for a registered offering.
27 Feb 2009securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
13 Feb 2009securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
6 Feb 2009securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
14 Jan 2009securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
18 Dec 2008securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
22 Oct 2008securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
29 Aug 2008securities registration● Neutral
National Graphite Corp amended a filing by which it registered a securities offering with the SEC.
14 Apr 2008late filing notice▼ Bad
National Graphite Corp notified the SEC that its quarterly report would be filed late.
12 Oct 2007securities registration● Neutral
National Graphite Corp registered a small-business securities offering with the SEC.