14 Jan 2014late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2013auditor change● Neutral
This amendment to the December 18 auditor-change filing restates the same facts (DNTW Toronto dismissed, Schwartz Levitsky Feldman engaged, no disagreements, going-concern paragraph in the prior reports) and files an updated auditor letter dated December 19, 2013. It adds no new substance.
18 Dec 2013auditor change▼ Bad
On December 12, 2013 the company dismissed its auditor DNTW Toronto LLP and hired Schwartz Levitsky Feldman llp. The filing says there were no disagreements, and that DNTW's reports for fiscal years ended August 31, 2013 and 2012 carried a going-concern doubt paragraph.
11 Oct 2013asset acquisition disposition● Neutral
On October 7, 2013 the company closed the purchase of the Ivanhoe Creek property (22 claims, 440 acres) in Nevada from RMIC Gold, a private company controlled by director Richard Redfern, for 150,000 shares and a 1% royalty. The filing itself states this is a non-arm's-length (related-party) deal. It adds to the Nevada gold holdings next to the earlier Rimrock and Hollister-area properties.
22 July 2013quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $310 thousand for the period ended 2013-05-31.
15 July 2013late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
9 May 2013asset acquisition disposition▲ GoodMajor
On May 3, 2013 the company agreed to buy 100% of the Silver Cloud gold-silver property in Nevada from Geologix, for 500,000 shares (a further 250,000 shares if more than two million ounces of gold reserves are delineated). The property is subject to royalties of 2% to Royal Gold and 3% to underlying claim owners. It sits next to the West Silver Cloud claims the company gained in the February merger, extending its Nevada gold position. The filing gives 522 claims in the text but 552 in the press release, so the claim count is inconsistent.
22 Apr 2013quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $310 thousand for the period ended 2013-05-31.
15 Apr 2013late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
15 Feb 2013business combination● NeutralMajor
The merger with Rimrock Mining closed on February 11, 2013: the company acquired the Rimrock Property, West Silver Cloud and Pony Spur gold properties in northeast Nevada (almost 2,000 acres) for 17,800,000 shares, after the 1-for-8 reverse split on February 8 cut shares from 66,435,908 to 8,304,488. The new shares represent 68.19% of the company on a fully diluted basis, so existing holders were heavily diluted. Richard Redfern joined as director and VP of Exploration, and the company also raised $502,000 gross in a private placement at $0.20 per share with $0.30 warrants. This resolves the pending merger thread. Audited financials and pro forma figures for the acquired business are still to be filed.
30 Jan 2013business combination● NeutralMajor
Renamed Rimrock Gold Corp. on January 24, 2013, the company signed a merger agreement to acquire three prospective gold exploration properties in northeast Nevada (Rimrock Property, West Silver Cloud, Pony Spur) for 17,800,000 post-split shares. Closing requires a 1-for-8 reverse split (66,435,908 shares down to 8,304,488) and FINRA approval, and Richard Redfern is to join as director and VP of Exploration on closing. This shifts focus from the Quebec lithium properties, which remain its current exploration assets.
18 Jan 2013quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $454 thousand for the period ended 2013-02-28.
14 Jan 2013late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
29 Nov 2012late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its annual report would be filed late.
23 July 2012quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $98 thousand for the period ended 2012-05-31.
16 July 2012late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
17 May 2012asset acquisition disposition● NeutralMajor
On May 11, 2012 Tucana bought the Lac Kame and EM-1 properties in the Nemaska area of James Bay from a group represented by Alain Champagne, for 2,000,000 shares and $3,000 cash, with further cash and share payments ($50,000/1,000,000 shares at $1M spent, $100,000/1,000,000 at $2.5M, $150,000/1,000,000 at $5M) and a 3% royalty. It also sold its subsidiary Pay By The Day Company Inc. to CEO Jordan Starkman, who took on its liabilities, ending the legacy business from the earlier name.
23 Apr 2012quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $98 thousand for the period ended 2012-05-31.
13 Apr 2012late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
23 Jan 2012quarterly activities report▼ Bad
RIMROCK GOLD CORP. reported a quarterly net loss of $59 thousand for the period ended 2012-02-29.
13 Jan 2012late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
29 Nov 2011late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its annual report would be filed late.
15 July 2011late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
14 June 2011material agreement● Neutral
On June 13, 2011 Tucana Lithium signed a six-month geological and management services agreement with Nemaska Exploration to run its Spring/Summer 2011 exploration program, led by geologist Yves Caron, at daily rates from $350 to $1,000 by position. This is the start of the exploration work planned for the Abigail property.
17 May 2011capital raising announcement● Neutral
The company changed its name to Tucana Lithium Corp. on May 3, 2011 and issued a $150,000 10% convertible debenture, due in twelve months and convertible at $0.15 per share, to Alain Champagne. The press release says the debenture represents the balance of payments for the Abigail property, and that exploration is planned to start in the first weeks of June. It continues the Abigail purchase and adds potential dilution if converted.
14 Apr 2011late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
14 Jan 2011late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its quarterly report would be filed late.
3 Dec 2010capital raising announcement● NeutralMajor
On November 29, 2010 the company agreed to buy 100% of the Abigail Lithium Project (222 cells, 11,844 hectares, James Bay, Quebec) from Alain Champagne and others. It issued 15,000,000 shares and will pay $250,000 in cash ($100,000 at 90 days, $150,000 at 180 days after closing), commit to at least $300,000 of exploration starting by May 16, 2011, and pay a 3% royalty on any commercial production. This moves the company from the failed technology plan into mineral exploration.
29 Nov 2010late filing notice▼ Bad
RIMROCK GOLD CORP. notified the SEC that its annual report would be filed late.
23 Aug 2010material agreement▼ BadMajor
On August 20, 2010 the company received notice that the Grail Semiconductor letter of intent was terminated, which the filing attributes to the company's inability to raise preliminary funding during due diligence. The 61,647,250 shares issued to Oteegee International will be cancelled, reversing the July share exchange; the company will convert its advances into equity of Grail Semiconductor and Solar Utilities and has agreed in principle to buy a 4.5%-5.7% stake in Grail from existing shareholders, with terms to follow on closing.