21 Oct 2013auditor change▼ Bad
Auditor K R Margetson Ltd. declined to stand for re-election after flagging going-concern doubt in its most recent report; the company engaged Davidson & Co as its new auditor.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 June 2013quarterly activities report▼ Bad
Rise Gold Corp. reported a quarterly net loss of $171 thousand for the period ended 2013-04-30.
3 May 2013material agreement termination▼ BadMajor
The KM 66 earn-in agreement with Bearing Resources fell apart: Bearing itself terminated its underlying option with the Mexican property owners, ending the company's path to any interest in the project and leaving it without an active mineral asset again.
18 Mar 2013quarterly activities report▼ Bad
Rise Gold Corp. reported a quarterly net loss of $166 thousand for the period ended 2013-01-31.
8 Jan 2013drilling result● NeutralMajor
Announced 2013 exploration plans focused on expanding the KM 66 silver-gold deposit with Bearing Resources, and disclosed the company will not proceed with the La Buena project joint venture with San Marco after all - a strategic narrowing to one Mexican project.
20 Dec 2012director interest notice● Neutral
Rise Gold Corp. director Michael Hofer sold 40,000 shares at $0.16.
19 Dec 2012director interest notice● Neutral
Rise Gold Corp. director Michael Hofer bought 40,000 shares on the open market at $0.15.
17 Dec 2012quarterly activities report▼ Bad
Rise Gold Corp. reported a quarterly net loss of $82 thousand for the period ended 2012-10-31.
30 Nov 2012farm in farm out agreement▲ GoodMajor
Signed a letter of intent with Bearing Resources to earn up to a 75% interest in the KM 66 (Mapimi) silver-gold-lead-zinc project in Durango, Mexico, which carries an uncertain historical (2008) resource estimate of about 22.3 million silver-equivalent ounces - a second, larger Mexican project alongside La Buena.
19 Sept 2012director interest notice● Neutral
Rise Gold Corp. director Frederick J Sveinson bought 500,000 shares on the open market at $0.00.
10 Sept 2012director interest notice● Neutral
Rise Gold Corp. Chief Financial Officer Justin Blanchet bought 500,000 shares on the open market at $0.00.
10 Sept 2012director interest notice● Neutral
Rise Gold Corp. director Perparim Alikaj bought 500,000 shares on the open market at $0.00.
10 Sept 2012director interest notice● Neutral
Rise Gold Corp. director Fred Tejada bought 500,000 shares on the open market at $0.00.
21 Aug 2012director interest notice● Neutral
Rise Gold Corp. 10%+ owner Raffi Khorchidian disposed of 55,000,000 shares via option/appreciation-right settlement.
15 Aug 2012capital raising announcement● Neutral
Patriot Minefinders arranged a $500,000 financing (2,000,000 shares at $0.25) to fund its work commitment at the La Buena project in Zacatecas, Mexico - a modest raise for the option it would drop unexercised five months later.
What it means for a shareholder
2.0m new shares at US$0.250 to raise about US$500,000. That's 3.1% dilution: every existing holder's slice gets 3.1% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.00647% to 0.00627% of the company. To keep it you'd need 129 more shares - about US$32 at the issue price.
Create a free account to see this worked out for your own holding.
14 Aug 2012asset acquisition disposition▲ GoodMajor
Formally exited shell-company status as the La Buena option deal closed: replaced Skanderbeg directly with San Marco as counterparty, filed full Form 10-style business disclosure, and confirmed the project (near Goldcorp's Penasquito mine) carries a variable 1.5-2.5% royalty to Golden Minerals Company.
18 July 2012director interest notice● Neutral
Rise Gold Corp. director Michael Hofer bought 500,000 shares on the open market at $0.00.
18 July 2012director interest notice● Neutral
Rise Gold Corp. Pres., CEO, Sec., Treas. John H. Schweitzer bought 500,000 shares on the open market at $0.00.
17 July 2012director interest notice● Neutral
Michael Hofer became a Rise Gold Corp. director and company insider (initial ownership filing).
12 July 2012director interest notice● Neutral
Rise Gold Corp. director Perparim Alikaj gifted 500,000 shares.
11 July 2012director interest notice● Neutral
Rise Gold Corp. Chief Financial Officer Justin Blanchet gifted 500,000 shares.
11 July 2012director interest notice● Neutral
Rise Gold Corp. director Fred Tejada gifted 500,000 shares.
26 June 2012director interest notice● Neutral
Frederick J Sveinson became a Rise Gold Corp. director and company insider (initial ownership filing).
20 June 2012director interest notice● Neutral
Perparim Alikaj became a Rise Gold Corp. director and company insider (initial ownership filing).
20 June 2012director interest notice● Neutral
Fred Tejada became a Rise Gold Corp. director and company insider (initial ownership filing).
14 June 2012quarterly activities report▼ Bad
Rise Gold Corp. reported a quarterly net loss of $21 thousand for the period ended 2012-04-30.
29 May 2012asset acquisition disposition▲ GoodMajor
Completed the assignment from Skanderbeg Capital of its option to acquire a 50% interest in the La Buena gold-silver-base metals project in Zacatecas, Mexico, paying Skanderbeg $100,000 and assuming its obligations to project owner San Marco Resources: up to 2.5 million shares, $300,000 cash, and $6 million of exploration spending through 2014.
5 Apr 2012business combination● Neutral
Approved a name change to Patriot Minefinders Inc. via merger into a newly formed subsidiary, together with a 24-for-1 forward stock split that will take shares outstanding from 4.7 million to 112.8 million - pure corporate housekeeping ahead of the pending La Buena project deal.
22 Mar 2012material agreement▲ Good
Atlantic Resources Inc. (the future Rise Gold Corp.) borrowed $25,000 from Skanderbeg Capital Partners to help fund Skanderbeg's assignment to the company of an option on the La Buena gold-silver project in Mexico.
15 Mar 2012quarterly activities report▼ Bad
Rise Gold Corp. reported quarterly revenue of $0 and a net loss of $9 thousand for the period ended 2012-01-31.