14 Aug 2006late filing notice▼ Bad
Timberline Resources 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.
7 July 2006material agreement▲ Good
Timberline signed an exploration license and option to lease Diversified Inholdings' East Camp Douglas property in Nevada's Walker Lane mineral belt - 87 claims over 1,700+ acres with historical high-grade gold intercepts - giving Timberline a 45-day due-diligence window before committing to a full mining lease.
7 July 2006material agreement● Neutral
Timberline signed a letter of intent to lease, with an option to buy, 22 unpatented mining claims in Mineral County, Nevada from private owners, with lease payments escalating from $20,000 to $50,000 a year and a $500,000 purchase option plus a small net-smelter royalty - another small Nevada exploration property added to the portfolio.
24 May 2006capital raising announcement● Neutral
Timberline closed the final tranche of a private placement of stock-and-warrant units at $0.55/unit, raising an additional $1.4 million from 17 accredited investors - routine dilutive financing typical of an early-stage explorer with no production revenue.
15 May 2006late filing notice▼ Bad
Timberline Resources Corp notified the SEC that its quarterly report would be filed late.
12 May 2006resource reserve update▲ Good
Timberline signed a memorandum of understanding letting Christopher James Gold Corporation earn up to a 75% interest in Timberline's Olympic-Sun and Cedar Mountain gold projects in Nevada by spending up to $2.5 million on exploration and completing a feasibility study - a farm-out bringing in outside money to advance two Nevada gold prospects.
1 Mar 2006material agreement▲ GoodMajor
Timberline agreed to buy Kettle Drilling, a private Idaho drilling contractor, for $2.8 million cash (to be raised via a private placement) plus 5 million shares of new convertible preferred stock - a diversification beyond pure exploration into owning drilling services.
14 Feb 2006late filing notice▼ Bad
Timberline Resources Corp notified the SEC that its quarterly report would be filed late.
6 Feb 2006asset acquisition disposition▲ Good
Hecla Mining, Timberline's earn-in partner on the Snowstorm project in Shoshone County, Idaho, chose to take a 4% royalty instead of continuing as a joint-venture participant, and handed over its roughly 750-acre claim interest to Timberline - Timberline now owns Snowstorm outright, subject to Hecla's royalty.
29 Dec 2005late filing notice▼ Bad
Timberline Resources Corp notified the SEC that its annual report would be filed late.
6 Dec 2005debt financing● Neutral
Timberline borrowed $100,000 from its own Chairman, John Swallow, at 10% interest - insider financing for a small exploration company with little other access to capital, repayable in cash or stock at Timberline's option.
29 Nov 2005director interest notice● Neutral
Stephen Goss became a Timberline Resources Corp President and company insider (initial ownership filing).
29 Nov 2005director interest notice● Neutral
Eric Klepfer became a Timberline Resources Corp director and company insider (initial ownership filing).
4 Nov 2005director interest notice● Neutral
Eric Klepfer became a Timberline Resources Corp director and company insider (initial ownership filing).