Past year: ▲ 117%(6.00c – 16.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Sept 2015capital raising announcement▲ Good
Waterton Precious Metals Fund II agreed to buy about 1.3 million Timberline shares (roughly 9.9% of shares outstanding) for about $499,000 in a private placement, alongside non-binding terms for a broader proposed transaction - a new institutional/strategic investor entering as Timberline advanced Talapoosa.
28 May 2015resource reserve update▲ Good
Timberline filed the full Talapoosa preliminary economic assessment report with Canadian securities regulators, providing the detailed technical basis (prepared by a multi-firm team of geologists and engineers) for the project's positive economics.
26 May 2015resource reserve update● Neutral
Timberline announced it had filed the Talapoosa preliminary economic assessment technical report - a follow-up disclosure of the same PEA results reported in late April.
13 May 2015resource reserve update▲ Good
Timberline filed the formal NI 43-101 technical report and resource estimate for Talapoosa with Canadian regulators, backing up the earlier economic assessment with a fuller resource study.
30 Apr 2015resource reserve update▲ GoodMajor
Timberline announced a preliminary economic assessment for Talapoosa showing a $136 million after-tax NPV and 39% IRR at $1,150/oz gold with $51 million in pre-production capital costs - strong early economics for the newly optioned project.
17 Mar 2015capital raising announcement▲ GoodMajor
Timberline signed an option agreement with Gunpoint Exploration and its affiliates for the exclusive right to buy 100% of the Talapoosa gold project in Nevada, with up to 30 months to exercise while working toward a feasibility study - the start of what would become Timberline's flagship asset.
14 Oct 2014capital raising announcement● Neutral
Timberline got NYSE MKT approval to issue 1 million shares to keep its option alive on the Knight family trust's Nevada mining claims - a routine step to preserve the 2013 lease-and-option deal.
21 Aug 2014asset acquisition disposition▲ GoodMajor
Timberline closed the Wolfpack Gold (Nevada) acquisition and separately took over Wolfpack's option obligations to Seabridge Gold covering the Castle Black Rock interest - completing the merger and inheriting a new counterparty relationship with Seabridge.
23 May 2014listing compliance notice▼ BadMajor
NYSE MKT told Timberline its stock price was too low for continued listing and required a reverse stock split by November 2014; Timberline said it would seek shareholder approval for the split alongside the pending Wolfpack merger vote - the low share price and the merger financing needs now intertwined.
12 May 2014business combination▲ GoodMajor
Timberline and Wolfpack Gold signed a definitive Arrangement Agreement: Timberline will acquire Wolfpack Gold (Nevada) Corp - holding Wolfpack's Nevada gold properties plus about CAD$5.3 million cash - in a share-for-share exchange, structured as a British Columbia court-approved plan of arrangement expected to close in July 2014.
17 Apr 2014material agreement● Neutral
Timberline and Wolfpack Gold amended their merger letter of intent, extending the exclusivity deadline to May 5, 2014 and confirming Timberline had drawn on the $1 million Wolfpack bridge loan - the merger talks continuing but taking longer than first planned.
20 Mar 2014business combination● Neutral
Ahead of a definitive merger agreement, Wolfpack Gold extended Timberline a secured bridge loan of up to $1 million (5% interest rising to 10%) to fund working capital, secured by a deed of trust - Wolfpack effectively propping up cash-strapped Timberline while the merger talks proceeded.
18 Mar 2014material agreement▲ GoodMajor
Timberline signed a non-binding letter of intent to merge with Wolfpack Gold Corp, with a binding exclusivity period through April 2014 while the two Nevada-focused explorers pursued due diligence toward a definitive deal.
14 Feb 2014material agreement● Neutral
Timberline accepted an early, discounted $150,000 cash payment from its former drilling subsidiary TDI to satisfy a $220,000 obligation due later in 2014 - a modest cash-now-for-less-later trade, with the rest of the 2011 drilling-services deal unaffected.
29 Oct 2013capital raising announcement▲ Good
Timberline expanded its lease with the Knight family trust to add 104 more Nevada mineral claims (bringing the total to 590 claims across seven properties), paying with 200,000 restricted shares - continued build-out of the Nevada exploration land package.
10 Sept 2013capital raising announcement● Neutral
Timberline closed its second Aegis Capital-led public offering of 5 million shares, issuing 150,000 warrants to Aegis as underwriting compensation - another routine equity raise in an ongoing pattern of small-cap dilutive financing.
5 Sept 2013material agreement● Neutral
Timberline priced another underwritten public offering of up to 5 million shares plus a 750,000-share over-allotment, again through Aegis Capital - a second Wall Street-style raise within a year, reflecting continued reliance on equity issuance to fund exploration.
28 Aug 2013capital raising announcement▲ Good
Timberline leased, with an exclusive purchase option, a package of 584 mining claims (over 11,000 acres across six Nevada properties) from the Knight family trust, plus a right of first refusal on nearby third-party claims - a large new land package added to its Nevada gold portfolio.
1 Mar 2013resource reserve update▲ Good
Timberline announced a 30% increase in the measured-and-indicated gold resource at Lookout Mountain - continued resource growth at the flagship Nevada project gained through the Staccato acquisition.
27 Dec 2012capital raising announcement▲ Good
Timberline announced the Aegis Capital-led public offering had closed with the underwriters fully exercising their over-allotment option - completing the December 2012 stock sale, not a farm-in/farm-out transaction (the filing contains no farm-in content; likely a pipeline misclassification).
21 Dec 2012material agreement● Neutral
Timberline signed an underwriting agreement with Aegis Capital for a public offering of up to 5 million common shares (plus a 750,000-share over-allotment option), giving Aegis a one-year right of first refusal on future offerings - a bigger, Wall Street-style capital raise than its earlier small private placements.
15 Nov 2011asset acquisition disposition▲ GoodMajor
Timberline closed the sale of Timberline Drilling to its management buyers and signed the related drilling-services agreement guaranteeing at least $440,000-plus of discounted future drilling work - completing the exit from the drilling-services business first entered via the 2006 Kettle Drilling acquisition.
31 Oct 2011material agreement▲ GoodMajor
Timberline agreed to sell its Timberline Drilling subsidiary (the former Kettle Drilling, acquired in 2006) to its own management team via TDI Holdings for $8 million cash, a $1.35 million note, assumed debt and $1.1 million of future discounted drilling services - unwinding the 2006 diversification into drilling services to refocus purely on exploration.
3 Oct 2011drilling result▲ Good
Timberline reported another solid intercept at Lookout Mountain (62.5 metres of 1.48 g/t gold) and said it was expanding drilling at the nearby South Eureka project - continued positive exploration news on the Staccato-acquired Nevada ground.
6 Apr 2011drilling result▲ Good
Timberline reported a strong drill hit at Butte Highlands - 33.6 feet of 1.65 oz/ton gold, including a 5-foot interval at 10.45 oz/ton - some of the highest grades yet reported from the project.
28 Feb 2011material agreement● Neutral
Timberline hired Sutter Securities as placement agent for a proposed registered stock offering, agreeing to pay a 7% cash fee on proceeds raised - setting up its next capital raise after the 2010 Staccato Gold acquisition.
22 Dec 2010drilling result▲ Good
Timberline reported a stronger drill intercept at Lookout Mountain - 17.7 metres grading 12.1 g/t gold, a high-grade hit - continuing to build the case for the Nevada project gained through Staccato.
15 Nov 2010drilling result▲ Good
Timberline reported a drill intercept of 100.6 metres grading 1.06 g/t gold at its newly acquired Lookout Mountain project in Nevada - early positive drilling news validating the Staccato Gold acquisition.
23 June 2010debt financing● Neutral
Timberline extended the maturity of its $5 million convertible note held by director Ron Guill's Small Mine Development to April 2012 and switched to monthly cash interest payments - the insider debt from the 2008 SMD financing was still outstanding and needed continued accommodation.
8 June 2010asset acquisition disposition▲ GoodMajor
Timberline completed an all-stock acquisition of Staccato Gold Resources, a Canadian gold explorer, via a British Columbia court-approved plan of arrangement - one Timberline share for every seven Staccato shares - by far its largest corporate transaction yet, bringing in what would become the Lookout Mountain gold project in Nevada.
