Each one in plain English, with the numbers worked through for a shareholder.
16 Aug 2010business combination● NeutralMajor
Radiant Oil & Gas (now a Nevada company) closed a reverse merger with Jurasin Oil & Gas on August 5, 2010, issuing 10,000,000 shares at closing and up to 2,000,000 more on meeting drilling and seismic-permit milestones. John Jurasin became CEO, CFO and chairman, and the company issued him an $884,000 note at 4% due by May 31, 2013 (or earlier on a $10 million equity raise). It also issued 6,000,000 shares to John Thomas Financial under an investment banking agreement aiming to raise up to $14.5 million, plus $600,000 of debentures with warrants for 600,000 shares at $0.50. Jurasin holds a 51% interest in Amber Energy, and the Macquarie Bank credit facilities were modified. This replaces the earlier consulting business with an oil and gas operation.
G/O Business Solutions replaced its auditor, HJ & Associates (Salt Lake City), with Malone & Bailey (Houston) on October 23, 2006. The filing says the reason was to have auditors in the same city as headquarters. It reports no disagreements, and that HJ's 2004 and 2005 reports carried a going-concern doubt. Malone & Bailey had previously audited SH Celera, the 80% owner.
OF ABOVE ENTITIES: Sand Hills Partners, LLC EI reported a RADIANT OIL & GAS INC shareholding of 20,500,744 shares (94.20% of votes) in a periodic institutional filing.
On August 15, 2006, G/O completed a reorganization with SH Celera Capital Corporation and renamed itself G/O Business Solutions, Inc. After a 1-for-2 reverse split (8,650,372 shares down to 4,325,186), it issued 17,300,744 shares to SH Celera, which now owns 80%. SH Celera is to provide facilities and services so the company can run a fee-based business consulting practice. SH Celera also contributed $50,000 and assumed up to $65,000 of debt, and George Jarkesy became chairman and CEO. The company sent its remaining 356,999 Waterbury Resources shares to SH Celera and committed to raise $2.5–5 million through preferred stock. This replaces the prior inactive shell status and follows the June 2006 letter of intent.
24 Mar 2006capital raising announcement● NeutralMajor
On February 28, 2006, Sand Hills General Partners acquired 6,400,000 shares, or 74.5% of G/O International's common stock, giving it control. 3,325,000 shares came from existing shareholders swapping them for partnership interests, and 3,075,000 shares were tied to settling $643,598 of debt owed by the Cayman subsidiary Waterbury Resources to Q-Marq Securities. Q-Marq released the debt in return for 1,500,000 Waterbury shares plus a $35,000 note from Sand Hills.
