20 Dec 2013quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $23 thousand for the period ended 2013-10-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Dec 2013late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its quarterly report would be filed late.
29 Oct 2013late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its annual report would be filed late.
29 Aug 2013material agreement▼ BadMajor
The Winnemucca Mountain option was renegotiated again: the interest available rose from 70% to 80%, but the cash and share price both increased and $1 million of payments were pushed out to the end of 2017 - more favorable terms on paper, bought with more deferral.
19 June 2013quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $39 thousand for the period ended 2013-04-30.
17 June 2013late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its quarterly report would be filed late.
18 Mar 2013quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $50 thousand for the period ended 2013-01-31.
7 Feb 2013material agreement▼ Bad
The AHL/Golden Sands option was amended to push some payment and spending deadlines back by 90 days, at a cost of a $10,000 penalty - an early sign the company was struggling to keep pace with its own commitments.
19 Dec 2012quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $231 thousand for the period ended 2012-10-31.
18 Dec 2012late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its quarterly report would be filed late.
30 Oct 2012late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its annual report would be filed late.
20 Sept 2012material agreement▲ GoodMajor
The company struck a second, larger Nevada mining deal: an option to earn a 70% interest in the nearby Empress and Winnemucca Mountain claims from AHL Holdings and Golden Sands Exploration, requiring $1.7 million in staged payments through 2016 and at least $4 million of exploration spending.
12 Sept 2012capital raising announcement● Neutral
A private placement raised about $200,000, issuing 168,068 shares at $1.19/share to one US investor.
What it means for a shareholder
168,068 new shares at US$1.19 to raise about US$200,000. That's 0.335% dilution: every existing holder's slice gets 0.335% smaller. If you held US$1,000 of shares (840 at the issue price), your slice goes from 0.00168% to 0.00168% of the company. To keep it you'd need 3 more shares - about US$4 at the issue price.
Create a free account to see this worked out for your own holding.
11 Sept 2012asset acquisition disposition▲ GoodMajor
Now renamed Punchline Resources Ltd., the company completed its pivot into mining: it leased the Empress Property (27 unpatented gold claims in Esmeralda County, Nevada) from MinQuest for 20 years - $20,000/year plus work commitments escalating to $650,000/year by year seven, with MinQuest keeping a 3% royalty - while its president Ramzan Savji bought 60% control of the company from the prior officer for $30,000 of his own money.
31 Aug 2012material agreement● Neutral
Ahead of that pivot, the company lined up a line-of-credit facility for up to $1 million in advances from a single US investor, repayable in stock.
23 Aug 2012business combination● Neutral
Punchline Entertainment, Inc. approved a merger into its own newly formed subsidiary solely to change its name to Punchline Resources Ltd., pending FINRA review - the first step in a pivot away from entertainment.
14 June 2012quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $27 thousand for the period ended 2012-04-30.
15 Mar 2012quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported quarterly revenue of $0 and a net loss of $26 thousand for the period ended 2012-01-31.
15 Dec 2011quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported a quarterly net loss of $25 thousand for the period ended 2011-10-31.
10 June 2011quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported a quarterly net loss of $26 thousand for the period ended 2011-04-30.
15 Mar 2011quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported a quarterly net loss of $26 thousand for the period ended 2011-01-31.
15 Dec 2010quarterly activities report▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. reported a quarterly net loss of $27 thousand for the period ended 2010-10-31.
4 Feb 2010securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended an already-effective registration statement.
20 Jan 2010securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended an already-effective registration statement.
14 Jan 2010securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended an already-effective registration statement.
8 Jan 2010securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended an already-effective registration statement.
15 Dec 2009late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its quarterly report would be filed late.
27 Nov 2009securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended an already-effective registration statement.
28 Oct 2009late filing notice▼ Bad
NORTHERN MINERALS & EXPLORATION LTD. notified the SEC that its annual report would be filed late.
15 Jan 2008securities registration● Neutral
NORTHERN MINERALS & EXPLORATION LTD. amended a filing by which it registered a small-business securities offering with the SEC.