23 Mar 2007substantial holder notice● Neutral
ZDG Holdings Inc, ZDG Investments Limited reported a Pacific Gold & Royalty Corp. shareholding of 16,600,000 shares (27.80% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Feb 2007capital raising announcement▼ BadMajor
On February 26, 2007 the company agreed with Cornell Capital Partners to issue up to $2,440,000 of 10% convertible debentures (first $1,035,000 issued) plus warrants for 6,000,000 shares at $0.216, secured by most of the assets of the company and subsidiaries, including its mining rights. It paid $540,000 to cancel the $2,900,000 debenture from April 2006, and amended terms on another April 2006 debenture. The security agreement limits other financing while the debentures are outstanding.
8 Dec 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. 10%+ owner Zdg Holdings INC gifted 80,000 shares.
8 June 2006securities registration● Neutral
Pacific Gold & Royalty Corp. filed the final prospectus for a registered offering.
22 May 2006securities registration● Neutral
Pacific Gold & Royalty Corp. registered a small-business securities offering with the SEC.
12 May 2006securities registration● Neutral
Pacific Gold & Royalty Corp. filed the final prospectus for a registered offering.
8 May 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. COO Mitchell Geisler received 37,181 shares as part of the equity award.
8 May 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. CEO Robert G Landau received 130,134 shares as part of the equity award.
13 Apr 2006capital raising announcement▼ BadMajor
On April 12, 2006 the company sold $6,100,000 of discounted convertible debentures (due April 12, 2009, convertible at $1.00) with warrants for 6,100,000 shares at $0.30, receiving $3,812,500. About $3,507,500 is available after commissions, to be used partly to repay existing debt. The filing states an effective simple interest rate of 20%, a high cost of money.
5 Apr 2006securities registration● Neutral
Pacific Gold & Royalty Corp. registered a small-business securities offering with the SEC.
29 Mar 2006other● NeutralMajor
The $4 million convertible debenture Pacific Gold issued in April 2005 was fully converted to shares by March 2006, and every attached warrant exercised. The debt is gone and the Black Rock Canyon gold mine it paid for is nearly built - but holders paid for both in dilution, and the company still has no producing revenue.
9 Feb 2006securities registration● Neutral
Pacific Gold & Royalty Corp. filed the final prospectus for a registered offering.
30 Jan 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. COO Mitchell Geisler sold 55,894 shares at $0.30.
24 Jan 2006securities registration● Neutral
Pacific Gold & Royalty Corp. registered a small-business securities offering with the SEC.
12 Jan 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. COO Mitchell Geisler sold 70,000 shares at $0.27.
11 Jan 2006substantial holder notice● Neutral
ZDG Holdings Inc, ZDG Investments Limited reported a Pacific Gold & Royalty Corp. shareholding of 16,680,000 shares (45.58% of votes) in a periodic institutional filing.
11 Jan 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. COO Mitchell Geisler sold 150,000 shares at $0.29.
10 Jan 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. Chief Financial Officer Jacquelyn Susan Glazer bought 11,000 shares on the open market.
9 Jan 2006director interest notice● Neutral
Pacific Gold & Royalty Corp. COO Mitchell Geisler sold 100,000 shares at $0.29.
14 Dec 2005capital raising announcement▼ BadMajor
On December 13, 2005 the company sold another $1,500,000 of discounted convertible debentures (due December 13, 2007, convertible at $0.30) with warrants for 4,000,000 shares at $0.10, receiving $1,200,000. It also cut the exercise price on the April 2005 warrants for 3,333,333 shares from $2.125 to $0.01, which is a large dilution-friendly change for the earlier investors and follows up the April 2005 financing.
15 Nov 2005late filing notice▼ Bad
Pacific Gold & Royalty Corp. notified the SEC that its quarterly report would be filed late.
13 Sept 2005auditor change● Neutral
On September 8, 2005 the company dismissed Malone & Bailey as auditor and engaged Mantyla McReynolds LLC. The filing says the prior report had no adverse opinion and there were no disagreements.
22 Aug 2005director interest notice● Neutral
Pacific Gold & Royalty Corp. Chief Financial Officer Jacquelyn Susan Glazer bought 11,800 shares on the open market.
22 Aug 2005capital raising announcement● NeutralMajor
Subsidiary Pilot Mountain Resources agreed with Platoro West Incorporated to acquire the Project W tungsten claims in Mineral County, Nevada, for 150,000 restricted shares plus a 2% gross royalty on mineral sales. Title to the claims passes to Pilot once an updated feasibility study is completed.
16 June 2005securities registration● Neutral
Pacific Gold & Royalty Corp. filed the final prospectus for a registered offering.
13 June 2005director interest notice● Neutral
Pacific Gold & Royalty Corp. Chief Financial Officer Jacquelyn Susan Glazer bought 1,800 shares on the open market at $0.40.
13 June 2005director interest notice● Neutral
Jacquelyn Susan Glazer became a Pacific Gold & Royalty Corp. Chief Financial Officer and company insider (initial ownership filing).
9 June 2005securities registration● Neutral
Pacific Gold & Royalty Corp. amended a filing by which it registered a small-business securities offering with the SEC.
3 June 2005director interest notice● Neutral
Robert G Landau became a Pacific Gold & Royalty Corp. CEO and company insider (initial ownership filing).
17 May 2005late filing notice▼ Bad
Pacific Gold & Royalty Corp. notified the SEC that its quarterly report would be filed late.