29 Mar 2012late filing notice▼ Bad
Piedmont Mining Company, Inc. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Nov 2011quarterly activities report▼ Bad
Piedmont Mining Company, Inc. reported a quarterly net loss of $69 thousand for the period ended 2011-09-30.
14 Nov 2011late filing notice▼ Bad
Piedmont Mining Company, Inc. notified the SEC that its quarterly report would be filed late.
15 Aug 2011quarterly activities report▼ Bad
Piedmont Mining Company, Inc. reported a quarterly net loss of $63 thousand for the period ended 2011-06-30.
10 Mar 2011capital raising announcement▼ BadMajor
On March 4, 2011 Piedmont signed a share exchange agreement with Financial Resolutions of America Corporation (FRAC), a California judgment recovery business. FRAC shareholders would swap all FRAC stock for Piedmont Series C Preferred, with conditions including a Series B preferred raise of $2M-$10M at $1.00 per share, resignation of current officers and most directors, satisfaction of all Piedmont liabilities, and a spin-off of the current exploration and mining business. After a reverse split, the filing contemplates no more than 20,000,000 shares, with FRAC holders at 9,000,000 and existing Piedmont shareholders at 1,000,000. FRAC also bought 200,000 Series A Preferred shares (about 70% of voting power) for a $479,290 promissory note, giving it voting control now. If the deal ends, FRAC returns those shares in exchange for cancelling the note. The deal would change Piedmont from a Nevada gold explorer into a different business, and existing holders would own a small fraction of the result. The deal is not yet complete.
15 Nov 2010quarterly activities report▼ Bad
Piedmont Mining Company, Inc. reported a quarterly net loss of $90 thousand for the period ended 2010-09-30.
23 Aug 2010quarterly activities report▼ Bad
Piedmont Mining Company, Inc. reported a quarterly net loss of $134 thousand for the period ended 2010-06-30.
16 Aug 2010late filing notice▼ Bad
Piedmont Mining Company, Inc. notified the SEC that its quarterly report would be filed late.
6 July 2010capital raising announcement▼ BadMajor
On June 30, 2010 Piedmont agreed with Columbus Gold Corporation and its US subsidiary to issue 6,285,715 new common shares to Columbus Canada, settling a loan of $237,165.91 (balance plus accrued interest) owed to Columbus; Columbus also gives an irrevocable proxy for the shares. Piedmont can buy the shares back for the loan amount while they are under the Rule 144 holding period. This dilutes existing shareholders, and it follows the earlier reports of Stephen Jones holding a very large share of votes (96% in Feb 2010). The earlier context listed no debt, so this loan is newly disclosed here.
17 May 2010late filing notice▼ Bad
Piedmont Mining Company, Inc. notified the SEC that its quarterly report would be filed late.
16 Feb 2010substantial holder notice● Neutral
Stephen Jones reported a Piedmont Mining Company, Inc. shareholding of 7,261,364 shares (96.00% of votes) in a periodic institutional filing.
26 May 2009substantial holder notice● Neutral
Stephen Jones disclosed a new substantial Piedmont Mining Company, Inc. shareholding (43.00% of votes).
20 Mar 2009securities registration● Neutral
Piedmont Mining Company, Inc. filed notice of an exempt private placement.
16 Mar 2009material agreement● Neutral
On March 10, 2009 Piedmont signed a non-binding letter of intent with Nevada Eagle Resources (a Gryphon Gold subsidiary) on the Argentite gold property in Esmeralda County, Nevada. The parties plan to negotiate an option agreement once gold exceeds $1,000/oz for over 25 consecutive business days or after 90 days, under which Piedmont would earn 51% by spending $750,000 over five years. It adds to an existing 2006 lease with NER and the May 2008 Morgan Pass letter of intent.
18 Dec 2008director interest notice● Neutral
Piedmont Mining Company, Inc. director Ralph W Kettell II disposed of 772,578 shares via option/appreciation-right settlement.
19 Aug 2008securities registration● Neutral
Piedmont Mining Company, Inc. filed the final prospectus for a registered offering.
23 June 2008material agreement termination● NeutralMajor
On June 16, 2008 Piedmont signed an option with Carlin Gold US to earn 51% of the Willow Creek property in Elko County, Nevada by spending $3,500,000 over five years, with Carlin managing the work at $62.50 per hour per employee. Piedmont also gave notice on June 19, 2008 ending its Dome-Hi Ho agreement with Toquima Minerals; the press release says drilling results were not encouraging enough to continue, and that Piedmont paid Carlin $300,000 and will issue 100,000 shares.
27 May 2008capital raising announcement● NeutralMajor
Piedmont closed another private placement on May 22, 2008: 3,203,331 units at $0.15, raising $480,499.65 before a $43,244.97 placement fee. Each unit has one share and a two-year warrant at $0.26, and the placement agent got 320,333 warrants at $0.15, so shareholders are diluted again; the press release says funds go to Nevada exploration and working capital.
What it means for a shareholder
3.2m new shares at $0.150 to raise about $480,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
23 May 2008director interest notice● Neutral
Piedmont Mining Company, Inc. President & CEO; CFO Robert M Shields Jr. gifted 32,199 shares.
20 May 2008securities registration● Neutral
Piedmont Mining Company, Inc. filed the final prospectus for a registered offering.
24 Apr 2008securities registration● Neutral
Piedmont Mining Company, Inc. filed the final prospectus for a registered offering.
15 Apr 2008farm in farm out agreement● Neutral
Piedmont's board appointed V. Richard Rabbito to its Advisory Board and granted him 150,000 three-year options at $0.28 per share. The filing gives his background but no change to properties or finances.
4 Mar 2008director interest notice● Neutral
Piedmont Mining Company, Inc. director Ian C Macdonald bought 30,000 shares on the open market.
20 Dec 2007securities registration● Neutral
Piedmont Mining Company, Inc. filed the final prospectus for a registered offering.
20 Dec 2007director interest notice● Neutral
Piedmont Mining Company, Inc. director Pete Ingersoll bought 25,000 shares on the open market at $0.26.
10 Dec 2007director interest notice● Neutral
Piedmont Mining Company, Inc. Vice President-Exploration Lewis B Gustafson bought 70,000 shares on the open market at $0.28.
11 Sept 2007director interest notice● Neutral
Piedmont Mining Company, Inc. director Pete Ingersoll received a stock option grant for 100,000 shares.
11 Sept 2007director interest notice● Neutral
Piedmont Mining Company, Inc. Vice President-Exploration Lewis B Gustafson received a stock option grant for 100,000 shares.
7 Sept 2007director interest notice● Neutral
Piedmont Mining Company, Inc. director Pete Ingersoll bought 25,000 shares on the open market at $0.20.
15 Aug 2007securities registration● Neutral
Piedmont Mining Company, Inc. filed the final prospectus for a registered offering.