31 Oct 2014capital raising announcement▼ Bad
Converted pieces of the Union Capital and JMJ notes into a combined roughly 56.6 million shares to satisfy under $19,000 of debt -- the dilution-per-dollar ratio kept worsening.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2014capital raising announcement▼ Bad
Converted pieces of the Caesar and Beaufort notes into a combined nearly 47 million shares -- share issuance per dollar of debt retired kept accelerating.
14 Oct 2014securities registration● Neutral
NORTH BAY RESOURCES INC registered a securities offering with the SEC.
10 Oct 2014securities registration● Neutral
NORTH BAY RESOURCES INC amended an already-effective registration statement.
8 Oct 2014capital raising announcement▼ Bad
Converted more of the GEL and Typenex notes into over 31 million shares combined -- share counts needed to satisfy the same dollar amounts of debt were climbing as the stock price fell.
22 Sept 2014capital raising announcement▼ Bad
Converted pieces of the GEL and Typenex notes into a combined roughly 10.8 million shares to satisfy about $55,000 of debt -- the conversion treadmill was now running across five or six lenders simultaneously.
12 Sept 2014capital raising announcement▼ BadMajor
Issued a second $550,000 promissory note to JMJ Financial (its original 2012 lender), this one with a 24-month term -- a second large tranche of debt from its longest-standing toxic-debt lender.
8 Sept 2014material agreement▲ Good
The TSX Venture Exchange formally accepted the Ximen Brett West option agreement, clearing the way for Ximen's earn-in payments to begin.
27 Aug 2014director interest notice● Neutral
NORTH BAY RESOURCES INC Chief Executive Officer Leopold Perry Lee bought 425,000 shares on the open market at $0.01.
13 Aug 2014quarterly activities report▼ Bad
NORTH BAY RESOURCES INC reported quarterly revenue of $7 thousand and a net loss of $877 thousand for the period ended 2014-09-30.
12 Aug 2014capital raising announcement▼ Bad
Issued a $98,500 convertible note to KBM Worldwide, another new toxic-debt lender, at an 8% rate with a 25% discount-to-market conversion feature -- KBM would go on to be one of the most frequently tapped lenders through 2017.
7 Aug 2014securities registration● Neutral
NORTH BAY RESOURCES INC filed the final prospectus for a registered offering.
22 July 2014substantial holder notice● Neutral
Tangiers Capital LLC disclosed a new substantial NORTH BAY RESOURCES INC shareholding (7.16% of votes).
18 July 2014material agreement▲ Good
Optioned its Brett West and Bouleau Creek claims in southeastern British Columbia to TSX Venture-listed Ximen Mining for up to $600,000 in cash and Ximen stock -- another instance of a better-capitalized partner paying to earn into North Bay ground.
17 July 2014capital raising announcement▼ Bad
Issued a $250,000 convertible note to yet another new lender, JSJ Investments -- the toxic-debt lender list continued to grow through mid-2014.
11 July 2014securities registration● Neutral
NORTH BAY RESOURCES INC registered a securities offering with the SEC.
11 July 2014securities registration● Neutral
NORTH BAY RESOURCES INC amended an already-effective registration statement.
19 June 2014director interest notice● Neutral
NORTH BAY RESOURCES INC Chief Executive Officer Leopold Perry Lee bought 1,125,866 shares on the open market at $0.01.
12 June 2014capital raising announcement▼ Bad
Converted portions of both the JMJ and Typenex notes into a combined roughly 8.3 million shares -- the note roster from 2013-14 was now converting in parallel rather than sequentially.
14 May 2014capital raising announcement▼ BadMajor
Issued a second $280,000 secured convertible note to Typenex Co-Investment on the same discounted terms as its 2013 note.
14 May 2014quarterly activities report▼ Bad
NORTH BAY RESOURCES INC reported quarterly revenue of $0 and a net loss of $648 thousand for the period ended 2014-06-30.
7 May 2014securities registration● Neutral
NORTH BAY RESOURCES INC filed the final prospectus for a registered offering.
24 Apr 2014securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
23 Apr 2014capital raising announcement▼ BadMajor
Repriced two existing Tangiers notes (from mid- and late-2012, together $850,000 face value) to a fixed $0.02 conversion price and dropped their warrant sweeteners -- Tangiers renegotiating for cheaper stock as North Bay's share price kept falling.
23 Apr 2014capital raising announcement▼ Bad
Issued a $55,000 convertible note to WHC Capital, another new toxic-debt lender -- five different convertible-note lenders had now been added within about three months.
14 Apr 2014capital raising announcement▼ Bad
Issued a $44,000 convertible note to Caesar Capital Group, another new toxic-debt lender.
3 Apr 2014capital raising announcement▼ Bad
Partially converted the large $750,000 Tangiers note from October 2012 into 3 million shares to satisfy about $76,800 of principal and interest -- Tangiers' 2012 note was now also being worked down through the same conversion mechanism.
2 Apr 2014capital raising announcement▼ Bad
Issued a $50,000 convertible note to Beaufort Capital Partners, another new lender, on similar 70%-of-VWAP conversion terms.
18 Mar 2014securities registration● Neutral
NORTH BAY RESOURCES INC amended an already-effective registration statement.
18 Mar 2014securities registration● Neutral
NORTH BAY RESOURCES INC registered a securities offering with the SEC.