16 Sept 2011director interest notice● Neutral
NORTH BAY RESOURCES INC Chief Executive Officer Leopold Perry Lee sold 185,000 shares at $0.17.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Aug 2011quarterly activities report▼ Bad
NORTH BAY RESOURCES INC reported a quarterly net loss of $223 thousand for the period ended 2011-09-30.
1 July 2011asset acquisition disposition▲ GoodMajor
Completed the Ruby Mine acquisition: Ruby Gold, Inc. became a wholly-owned North Bay subsidiary after paying RDC an aggregate $510,000 -- North Bay's flagship asset for the rest of its public life, and the mortgage debt underlying it would become a recurring source of financial strain.
1 July 2011material agreement termination▼ Bad
Terminated the Argentum Exploration claim sale after Argentum defaulted on its payments, and retained full ownership of the claims.
3 June 2011capital raising announcement▼ Bad
Fully satisfied the remaining balance of a Tangiers note from December 2010 through a share conversion, continuing the running pattern of debt-to-equity conversions with this lender.
31 May 2011material agreement▲ GoodMajor
Made the final $85,000 option payment on the Ruby Mine and opened escrow, with closing expected by July 1, 2011.
20 May 2011director interest notice● Neutral
NORTH BAY RESOURCES INC Chief Executive Officer Leopold Perry Lee sold 150,000 shares at $0.14.
9 May 2011quarterly activities report▼ Bad
NORTH BAY RESOURCES INC reported a quarterly net loss of $247 thousand for the period ended 2011-06-30.
25 Apr 2011capital raising announcement● NeutralMajor
Amended the Ruby Mine option again, accelerating the exercise deadline to June 1, 2011 and raising the final payment to $85,000, in exchange for lower monthly carrying costs -- the deal was being restructured under financial pressure but was moving toward closing.
13 Apr 2011asset acquisition disposition● Neutral
Agreed to sell more Slocan District claims to Argentum Exploration for $50,000 cash plus a 2% smelter royalty -- Argentum would later default on the payments and North Bay would terminate the deal in July 2011.
8 Apr 2011capital raising announcement▼ Bad
Partially converted yet another Tangiers note into 975,000 shares, leaving about $22,000 still outstanding -- the Tangiers relationship was now North Bay's primary funding source.
1 Apr 2011capital raising announcement▼ Bad
Converted a second Tangiers note ($50,000 principal) into 1.6 million shares at 80% of the recent low price, continuing the same dilutive financing pattern.
10 Mar 2011capital raising announcement● Neutral
Hired a geological consultant for a mix of cash and restricted stock, with a 10% finder's fee on any financing or JV he brings in for the Canadian properties -- routine, not strategic.
8 Mar 2011director interest notice● Neutral
Fred Michini became a NORTH BAY RESOURCES INC director and company insider (initial ownership filing).
4 Mar 2011capital raising announcement▼ Bad
Converted a $17,500 Tangiers note (plus interest) into 863,681 shares at 80% of the recent low trading price -- the first of many dilutive conversions on the Tangiers debt.
3 Mar 2011director interest notice● Neutral
Leopold Perry Lee became a NORTH BAY RESOURCES INC Chief Executive Officer and company insider (initial ownership filing).
14 Feb 2011asset acquisition disposition● Neutral
Agreed to sell several Slocan District, British Columbia mineral claims to Yardley Mountain Gold for $93,000, payable in installments -- one of several small Canadian claim sales North Bay would use to raise cash while it worked to close the Ruby Mine deal.
1 Feb 2011capital raising announcement▼ Bad
Renegotiated the Ruby Mine option with Ruby Development Company (RDC), cutting near-term option payments but pushing more of the cost into mid-2011 -- a sign North Bay was already stretched to keep the Ruby option alive.
26 Jan 2011securities registration● Neutral
NORTH BAY RESOURCES INC filed the final prospectus for a registered offering.
7 Jan 2011capital raising announcement▼ Bad
Sold an 8% convertible note for $50,000 to Asher Enterprises at a 45% discount to market on conversion -- a second toxic-debt lender within the same week as the first.
7 Jan 2011securities registration● Neutral
NORTH BAY RESOURCES INC registered a securities offering with the SEC.
4 Jan 2011capital raising announcement▼ BadMajor
Borrowed $50,000 from Tangiers Investors under a convertible note earmarked for Ruby Mine option payments and permit costs -- the note converts at a steep discount to market (70% of the lowest trading price), the start of a long run of dilutive toxic-debt financing.
8 Dec 2010securities registration● Neutral
NORTH BAY RESOURCES INC filed the final prospectus for a registered offering.
22 Nov 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
2 Nov 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
4 Oct 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
17 Sept 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
23 Aug 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
20 Aug 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.
21 July 2010securities registration● Neutral
NORTH BAY RESOURCES INC amended a filing by which it registered a securities offering with the SEC.