28 July 2006director interest notice● Neutral
T-REX OIL, INC. director Andrei Stytsenko bought 1,200,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 July 2006capital raising announcement● Neutral
On July 12, 2006 Rancher sold a further 400,000 units at $0.50 each to one non-U.S. investor, on the same terms as the July 5 sale (a share plus a warrant at $0.75, then $1.00). The unit offering continues.
What it means for a shareholder
400,000 new shares at $0.500 to raise about $200,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 July 2006capital raising announcement● NeutralMajor
On July 5, 2006 Rancher sold 1,600,000 units at $0.50 each to two non-U.S. institutional investors. Each unit is one share plus a warrant to buy another share at $0.75 in year one and $1.00 in year two. This adds new shares and potential future dilution.
What it means for a shareholder
1.6m new shares at $0.500 to raise about $800,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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30 June 2006late filing notice▼ Bad
T-REX OIL, INC. notified the SEC that its annual report would be filed late.
21 June 2006debt financing▼ BadMajor
On June 9, 2006 Rancher Energy borrowed $500,000 from Venture Capital First LLC for working capital, repayable with 6% interest by December 9, 2006. The lender can convert the loan into company shares, which would dilute existing holders, and repayment can be accelerated on a change of control or an event of default. This follows the small $150,000 Enerex loan from days earlier.
13 June 2006material agreement● Neutral
The filings so far were under the T-REX OIL name, but this 8-K is filed as Rancher Energy Corp. (same CEO, John Works), so the company now appears under that name. It borrowed $150,000 from Enerex Capital Corp. on June 6, 2006 for working capital, to be repaid with 2% interest by June 30, 2006. It also hired NITEC LLC on June 8, 2006 to do reservoir engineering on its Wyoming prospects.
24 May 2006director interest notice● Neutral
John Works became a T-REX OIL, INC. President & CEO and company insider (initial ownership filing).
1 Feb 2006director interest notice● Neutral
T-REX OIL, INC. President, CEO, CFO Andrei Stytsenko bought 65,000,000 shares on the open market at $0.00.
16 Aug 2005late filing notice▼ Bad
T-REX OIL, INC. notified the SEC that its quarterly report would be filed late.
11 July 2005director interest notice● Neutral
Andrei Stytsenko became a T-REX OIL, INC. President, CEO, CFO and company insider (initial ownership filing).
30 June 2005late filing notice▼ Bad
T-REX OIL, INC. notified the SEC that its annual report would be filed late.
25 Apr 2005securities registration● Neutral
T-REX OIL, INC. filed the final prospectus for a registered offering.
15 Apr 2005securities registration● Neutral
T-REX OIL, INC. amended a filing by which it registered a small-business securities offering with the SEC.
6 Apr 2005securities registration● Neutral
T-REX OIL, INC. amended a filing by which it registered a small-business securities offering with the SEC.
9 Mar 2005securities registration● Neutral
T-REX OIL, INC. amended a filing by which it registered a small-business securities offering with the SEC.
20 Dec 2004securities registration● Neutral
T-REX OIL, INC. amended a filing by which it registered a small-business securities offering with the SEC.
27 Sept 2004securities registration● Neutral
T-REX OIL, INC. amended a filing by which it registered a small-business securities offering with the SEC.
9 June 2004securities registration● Neutral
T-REX OIL, INC. registered a small-business securities offering with the SEC.