27 Sept 2018director interest notice● Neutral
Rangeford Resources, Inc. Chief Executive Officer Thomas Erik Lindholm bought 616,840 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2018securities registration● Neutral
Rangeford Resources, Inc. filed notice of an exempt private placement.
27 Sept 2018securities registration● Neutral
Rangeford Resources, Inc. filed notice of an exempt private placement.
1 June 2017director interest notice● Neutral
Thomas Erik Lindholm became a Rangeford Resources, Inc. Chief Executive Officer and company insider (initial ownership filing).
8 Mar 2017auditor change● Neutral
On March 1, 2017, Rangeford engaged LBB & Associates as its auditor, replacing Malone Bailey, ahead of the fiscal 2016 audit. The filing states there were no disagreements with Malone Bailey. LBB had earlier resigned from the company in January 2013, so this is a return to a former auditor.
27 Dec 2016material agreement▲ GoodMajor
On December 26, 2016, Rangeford's subsidiary Cherryvale Kansas, LLC signed an agreement to buy oil and gas leases on about 800 gross acres in Labette County, Kansas, including about 53 wells, from Dog Day, Inc. The price is $5.0 million for a 100% working interest: 632,912 shares valued at $500,000 and a $4.5 million, 3% note from Cherryvale that is non-recourse to Rangeford. Closing is scheduled by February 15, 2017, and the price could fall by up to about 25% if the seller lacks required consents. The recovery estimate of up to two million barrels is the company's own, and this is the first new asset deal since the GNE purchase fell through. It is not yet closed.
28 July 2016material agreement● NeutralMajor
Effective July 6, 2016, Rangeford again amended its Cicerone revolving note, raising the limit from $1,250,000 to $1,750,000 and extending maturity to June 30, 2018. Cicerone can now convert up to $1,000,000 of principal and interest into shares at $1.00 each, capped at 200,000 shares a month and 4.99% ownership; this could dilute existing shareholders if used. The amendment also says the noteholder agrees to subordinate to future oil and gas financing.
19 May 2016material agreement● Neutral
Effective March 1, 2016, Rangeford amended its revolving credit note with Cicerone Corporate Development, LLC, raising the limit from $750,000 to $1,250,000 and extending maturity to February 1, 2017. This builds on a facility first made in September 2013 and amended in January 2015.
13 Nov 2015late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its quarterly report would be filed late.
14 Aug 2015late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its quarterly report would be filed late.
30 June 2015late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its annual report would be filed late.
24 Feb 2015quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $247 thousand for the period ended 2014-12-31.
23 Feb 2015quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $247 thousand for the period ended 2014-12-31.
17 Feb 2015late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its quarterly report would be filed late.
18 Nov 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
14 Nov 2014late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its quarterly report would be filed late.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
30 Sept 2014quarterly activities report▼ Bad
Rangeford Resources, Inc. reported a quarterly net loss of $260 thousand for the period ended 2014-09-30.
15 Aug 2014late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its quarterly report would be filed late.
1 July 2014late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its annual report would be filed late.
22 May 2014material agreement▼ BadMajor
The Great Northern Energy purchase from November 2012 never closed. The filing says Rangeford transferred $700,000 and issued 7,400,000 shares to GNE, and that GNE tried to terminate on its own in June 2013 and returned the share certificate without the signed stock power needed to cancel it. On May 20, 2014 Rangeford sent GNE a letter seeking mutual termination, saying it will agree once GNE returns the $700,000 and provides the stock power. That ends the plan to acquire the East Texas assets, but the money and share cancellation are still unresolved.
18 Feb 2014director interest notice● Neutral
Colin C. Richardson became a Rangeford Resources, Inc. Acting President and company insider (initial ownership filing).
26 Dec 2013auditor change▼ Bad
Chapman, Hext & Co. stopped working for Rangeford effective December 9, 2013 and formally resigned on December 18, 2013, having been engaged only on Feb 4, 2013. The filing says it issued no reports on the financial statements and there were no disagreements. Malone Bailey LLP was retained on December 23, 2013, the next auditor in the company's string of changes. The filing is now signed by Colin Richardson as President.
18 July 2013director interest notice● Neutral
Rangeford Resources, Inc. President Steven R. Henson bought 1,250 shares on the open market.
1 July 2013late filing notice▼ Bad
Rangeford Resources, Inc. notified the SEC that its annual report would be filed late.
15 May 2013director interest notice● Neutral
Rangeford Resources, Inc. President Steven R. Henson bought 2,400 shares on the open market.