14 Aug 2014late filing notice▼ Bad
Shoshone Silver/Gold Mining Co 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.
16 May 2014late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
27 Mar 2014capital raising announcement● NeutralMajor
Shoshone completed the purchase of the Gray Eagle Mine in Siskiyou County, California (294 acres, eight patented claims and equipment) from Independence Resources Corp. on March 25, 2014. It paid with 30,000,000 restricted Shoshone shares, which dilutes existing shareholders.
31 Dec 2013late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its annual report would be filed late.
19 Aug 2013quarterly activities report▼ Bad
Shoshone Silver/Gold Mining Co reported a quarterly net loss of $105 thousand for the period ended 2013-06-30.
15 Aug 2013late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
17 May 2013quarterly activities report● Neutral
Shoshone Silver/Gold Mining Co reported a quarterly net income of $547 thousand for the period ended 2013-03-31.
16 May 2013late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
5 Apr 2013quarterly activities report● Neutral
Shoshone Silver/Gold Mining Co reported a quarterly net income of $547 thousand for the period ended 2013-03-31.
20 Feb 2013material agreement● NeutralMajor
Shoshone signed a 15-year lease of its District Mill with Magenta Mountain Mining Corp (MMM), a BMZ subsidiary, finalizing the July 2012 option arrangement, and sold MMM six patented Lakeview claims. MMM pays $10 per ton milling, with minimum $250,000 a year after the first ten years. MMM says it obligated BMZ to issue 11,000,000 shares to Shoshone, but BMZ is not a party to the lease. CFO John Ryan is also BMZ's CEO and signed for Shoshone, a conflict of interest the filing discloses; he says he did not take part in negotiating the terms.
19 Feb 2013quarterly activities report▼ Bad
Shoshone Silver/Gold Mining Co reported a quarterly net loss of $120 thousand for the period ended 2012-12-31.
14 Feb 2013late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
31 Dec 2012late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its annual report would be filed late.
13 Nov 2012director interest notice● Neutral
John Reynolds became a Shoshone Silver/Gold Mining Co 10%+ owner and company insider (initial ownership filing).
13 Nov 2012substantial holder notice● Neutral
John R. Reynolds, Frances A. Reynolds disclosed a new substantial Shoshone Silver/Gold Mining Co shareholding (10.42% of votes).
8 Nov 2012director interest notice● Neutral
Frances Reynolds became a Shoshone Silver/Gold Mining Co 10%+ owner and company insider (initial ownership filing).
6 Nov 2012business combination● NeutralMajor
Shoshone acquired Bohica Mining Corp., whose sole asset is the Imperial Mine claims in Beaver County, Utah, for 3,100,000 shares each to John and Frances Reynolds (6,200,000 in total, about 10% of the company). The claims are exploration stage with no proven or probable reserves. Reynolds has been a Shoshone director since October 1, 2012, and the claims originally came through a company controlled by CFO John Ryan, so existing shareholders are diluted in a related-party deal.
6 Nov 2012securities registration● Neutral
Shoshone Silver/Gold Mining Co filed notice of an exempt private placement.
12 Oct 2012material agreement▼ BadMajor
Shoshone settled a lawsuit by Scott Beggs, who alleged breach of an employment contract, unpaid wages and retaliation and sought about $450,000. Shoshone agreed to pay $220,000 in total: $95,000 within seven days, $125,000 in monthly installments of $11,206.10 with 12% interest, and a $125,000 promissory note secured by a lien on certain assets. Beggs dismisses the suit with prejudice.
5 Sept 2012securities registration● Neutral
Shoshone Silver/Gold Mining Co filed notice of an exempt private placement.
10 Aug 2012quarterly activities report▼ Bad
Shoshone Silver/Gold Mining Co reported quarterly revenue of $6 thousand and a net loss of $142 thousand for the period ended 2012-06-30.
10 July 2012material agreement● Neutral
Shoshone corrected the BMZ option terms: if BMZ exercises the option it would issue 11,000,000 shares (5,500,000 after a one-year escrow), not the 5,000,000 stated in the July 9 filing. All other terms of the earlier report stand.
9 July 2012material agreement▲ GoodMajor
Shoshone signed an option with Black Mountain Resources (BMZ), an ASX-listed Australian company, to lease its Lakeview District Mill for 15 years and acquire the Weber Mine claims. Shoshone gets a nonrefundable $500,000, and if BMZ exercises the option it would issue BMZ shares (the filing says 5,000,000, corrected in the next filing) and pay $10 per ton toll milling. Minimum payments of $250,000 a year apply after the first ten years.
21 May 2012quarterly activities report▼ Bad
Shoshone Silver/Gold Mining Co reported a quarterly net loss of $164 thousand for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
21 Feb 2012quarterly activities report▼ Bad
Shoshone Silver/Gold Mining Co reported a quarterly net loss of $842 thousand for the period ended 2011-12-31.
15 Feb 2012late filing notice▼ Bad
Shoshone Silver/Gold Mining Co notified the SEC that its quarterly report would be filed late.
29 Nov 2011auditor change▼ Bad
Shoshone's auditor BehlerMick PS resigned on November 1, 2011 because it ceased operations, and the company hired MartinelliMick PLLC, where some BehlerMick staff moved. BehlerMick's reports for fiscal 2010 and 2009 included a going-concern warning citing the accumulated deficit and lack of revenues; no disagreements were reported.
24 Oct 2011agm notice● Neutral
Shoshone Silver/Gold Mining Co shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
11 Oct 2011agm notice● Neutral
Shoshone Silver/Gold Mining Co shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).