26 Jan 2017listing compliance notice▼ BadMajor
Panex Resources Inc. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Jan 2017auditor change▼ Bad
Auditor GHP Horwath P.C., in place since 2006, told Panex on December 9, 2016 that it would not stand for re-appointment, and DMCL Chartered Professional Accountants LLP was engaged on December 28, 2016. GHP's reports for fiscal 2015 and 2016 had no adverse opinion but noted substantial doubt about the company continuing as a going concern; the filing reports no disagreements and cites previously reported internal control weaknesses. The company's address is now Monaco.
28 June 2016quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $198 thousand for the period ended 2016-05-31.
6 Apr 2016quarterly activities report● Neutral
Panex Resources Inc. reported a quarterly net income of $173 thousand for the period ended 2016-02-29.
9 Feb 2016securities registration● Neutral
Panex Resources Inc. filed the final prospectus for a registered offering.
22 Jan 2016securities registration● Neutral
Panex Resources Inc. amended a filing by which it registered a securities offering with the SEC.
19 Jan 2016quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $83 thousand for the period ended 2015-11-30.
15 Jan 2016late filing notice▼ Bad
Panex Resources Inc. notified the SEC that its quarterly report would be filed late.
24 Dec 2015securities registration● Neutral
Panex Resources Inc. amended a filing by which it registered a securities offering with the SEC.
8 Dec 2015material agreement▲ Good
Panex said it holds a 100% working and net revenue interest in the Crackerjack Gold Project, Western Australia, bought from Lazarus Resources Pty Ltd. for AUS$3,000 under the July 15, 2015 agreement (apparently the same deal as the licence purchase filed in September; the spelling of the seller differs, which is an inference). It also hired geologist Nigel Ferguson as a consultant on November 5, 2015.
24 Sept 2015material agreement▲ GoodMajor
Through its wholly owned subsidiary Panex Resources WA Pty Ltd., Panex signed an asset purchase agreement on July 15, 2015 with Lazaraus Resources Pty Ltd. to buy its rights in exploration licence E80/4675, about 85km SW of Halls Creek in Western Australia, plus related data and reports. This is the first concrete asset named since the vague 'interest in certain assets' mentioned in October 2014; the filing gives no price.
20 July 2015quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $85 thousand for the period ended 2015-05-31.
15 July 2015late filing notice▼ Bad
Panex Resources Inc. notified the SEC that its quarterly report would be filed late.
8 June 2015material agreement● Neutral
Panex disclosed two service agreements dated April 27, 2015: Global Strategic Synergies GMBH at US$10,000 per month and CEO Mark Gasson at US$15,000 per month, each to provide services as reasonably required. It also moved its headquarters to Durbanville, South Africa, using 25 square feet of rent-free office space (replacing the earlier Zug, Switzerland c/o address). Together the two agreements commit US$25,000 per month; the filing does not say what the services are or how they are funded.
17 Apr 2015quarterly activities report● Neutral
Panex Resources Inc. reported a quarterly net income of $319 thousand for the period ended 2015-02-28.
14 Apr 2015late filing notice▼ Bad
Panex Resources Inc. notified the SEC that its quarterly report would be filed late.
26 Mar 2015securities registration● Neutral
Panex Resources Inc. amended a filing by which it registered a securities offering with the SEC.
22 Jan 2015securities registration● Neutral
Panex Resources Inc. amended a filing by which it registered a securities offering with the SEC.
14 Jan 2015quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $603 thousand for the period ended 2014-11-30.
5 Nov 2014securities registration● Neutral
Panex Resources Inc. registered a securities offering with the SEC.
14 Oct 2014capital raising announcement● NeutralMajor
The board announced it no longer considers Panex a shell company, citing spending on sourcing assets and exploration, an interest in certain assets and a probable further acquisition. It says it must still file 'Form 10' information and wait one year before holders of restricted shares can use Rule 144 to resell, and that illiquidity may make equity raising harder until then. Mark Gasson now signs as CEO and President.
23 Sept 2014director interest notice● Neutral
Ag Coresco became a Panex Resources Inc. 10%+ owner and company insider (initial ownership filing).
23 Sept 2014substantial holder notice● Neutral
Coresco A G disclosed a new substantial Panex Resources Inc. shareholding (0.00% of votes).
23 Sept 2014director interest notice● Neutral
Panex Resources Inc. 10%+ owner Ag Coresco sold 100,000,000 shares at $0.00.
15 July 2014quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $609 thousand for the period ended 2014-05-31.
15 Apr 2014quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $680 thousand for the period ended 2014-02-28.
14 Apr 2014late filing notice▼ Bad
Panex Resources Inc. notified the SEC that its quarterly report would be filed late.
31 Dec 2013quarterly activities report▼ Bad
Panex Resources Inc. reported a quarterly net loss of $533 thousand for the period ended 2013-11-30.
5 Dec 2013capital raising announcement▼ BadMajor
Panex settled debts by issuing restricted shares at $0.001 each; the board approved up to US$328,975 (up to 328,975,000 shares) and 248,000,000 shares had been issued to four creditors so far. This shifted control: Patane Ltd. (110 million shares) now holds 30.0%, Coresco AG (100 million shares) holds 27.3%, and Corporate Consultants Pty Ltd. (25 million) holds 6.9%. Coresco is owned equally by Klaus Eckhof, Lars Pearl, Mark Gasson and Ross Doyle, and Eckhof and Doyle are Panex officers. Michel Muhiya's 15 million shares from the earlier settlement fell from 12.68% to 4.1%, so existing holders were heavily diluted.
12 July 2013quarterly activities report● Neutral
Panex Resources Inc. reported a quarterly net income of $72 thousand for the period ended 2013-05-31.