7 Apr 2011securities registration● Neutral
Triangle Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2011material agreement▲ GoodMajor
Triangle sold 16,500,000 new common shares to underwriters led by Johnson Rice & Company at $7.50 per share, raising about $116.8 million after costs; the offering closed March 16, 2011. Underwriters also hold a 30-day option to buy up to 2,475,000 more shares. This completes the public offering the earlier prospectus filings were setting up, and it adds many new shares for existing holders (up from the small placements at $0.33 and $0.43 in 2010).
11 Mar 2011securities registration● Neutral
Triangle Petroleum Corp filed the final prospectus for a registered offering.
7 Mar 2011securities registration● Neutral
Triangle Petroleum Corp filed the final prospectus for a registered offering.
28 Feb 2011securities registration● Neutral
Triangle Petroleum Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
11 Feb 2011substantial holder notice● Neutral
Mackenzie Financial Corporation disclosed a new substantial Triangle Petroleum Corp shareholding (5.33% of votes).
31 Jan 2011securities registration● Neutral
Triangle Petroleum Corp registered a securities offering with the SEC using its shelf eligibility.
10 Dec 2010substantial holder notice● Neutral
Sprott Asset Management LP reported a Triangle Petroleum Corp shareholding of 557,769 shares (2.70% of votes) in a periodic institutional filing.
9 Dec 2010quarterly activities report▼ Bad
Triangle Petroleum Corp reported a quarterly net loss of $1.0 million for the period ended 2010-10-31.
6 Dec 2010substantial holder notice● Neutral
Palo Alto Investors, LLC, Palo Alto Investors, Inc, William Leland Edwards, Anthony Joonkyoo Yun, MD, Palo Alto Global Energy Liquidating Fund, L.P disclosed a new substantial Triangle Petroleum Corp shareholding (6.10% of votes).
5 Nov 2010securities registration● Neutral
Triangle Petroleum Corp filed a free-writing prospectus - marketing material for an offering in progress.
5 Nov 2010securities registration● Neutral
Triangle Petroleum Corp filed the final prospectus for a registered offering.
4 Nov 2010securities registration● Neutral
Triangle Petroleum Corp registered additional securities for an offering already underway.
4 Nov 2010listing compliance notice▲ GoodMajor
the New York Stock Exchange certified Triangle Petroleum Corp's securities for listing, clearing them to begin trading.
3 Nov 2010securities registration● Neutral
Triangle Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
2 Nov 2010securities registration● Neutral
Triangle Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
25 Oct 2010securities registration● Neutral
Triangle Petroleum Corp amended a filing by which it registered a securities offering with the SEC.
14 Sept 2010quarterly activities report▼ Bad
Triangle Petroleum Corp reported a quarterly net loss of $97 thousand for the period ended 2010-07-31.
13 Aug 2010securities registration● Neutral
Triangle Petroleum Corp filed notice of an exempt private placement.
12 Aug 2010capital raising announcement● Neutral
On August 9, 2010 Triangle closed the 2,044,187-share placement at $0.43, raising about $880,000 gross and $836,000 net. A same-day operations update says it controls about 10,000 net acres in North Dakota and holds about 26% in two Kodiak-operated wells (Grizzly 13-H and 1-27H), alongside the XTO-operated Roedeske Federal well, with results expected late September or early October. In Nova Scotia it is still seeking an industry partner. Dr. Peter Hill is named CEO.
11 Aug 2010securities registration● Neutral
Triangle Petroleum Corp registered a securities offering with the SEC.
3 Aug 2010capital raising announcement● NeutralMajor
On July 30, 2010 Triangle priced a second, much smaller private placement of 2,044,187 shares at $0.43 each, with expected net proceeds of about $836,000. The attached investor memorandum says the company now focuses on shale oil, with a 30% working interest under a January 2010 agreement with Slawson Exploration on about 4,000 net acres in North Dakota's Bakken play. It also reports an 87% working interest in the 474,625-acre Windsor Block in Nova Scotia, still seeking a drilling partner. It describes a November 2009 memorandum of understanding with largest shareholder Palo Alto Investors that restructured the board and management. The company's address is now Denver, Colorado, replacing Calgary.
What it means for a shareholder
2.0m new shares at $0.430 to raise about $836,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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8 July 2010substantial holder notice● Neutral
Sprott Asset Management LP reported a Triangle Petroleum Corp shareholding of 5,577,700 shares (5.70% of votes) in a periodic institutional filing.
9 June 2010substantial holder notice● Neutral
Palo Alto Investors, LLC, Palo Alto Investors, Inc, William Leland Edwards, Anthony Joonkyoo Yun, MD, Palo Alto Global Energy Master Fund, L.P, Palo Alto Global Energy Liquidating Fund, L.P reported a Triangle Petroleum Corp shareholding of 14,835,950 shares (15.20% of votes) in a periodic institutional filing.
4 June 2010substantial holder notice● Neutral
Luxor Capital Partners, LP, LCG Select, LLC, Luxor Spectrum, LLC, Luxor Capital Partners Offshore Master Fund, LP, Luxor Capital Partners Offshore, Ltd, LCG Select Offshore, Ltd, Luxor Spectrum Offshore Master Fund, LP, Luxor Spectrum Offshore, Ltd, Luxor Capital Group, LP, Luxor Management, LLC, LCG Holdings, LLC, Christian Leone reported a Triangle Petroleum Corp shareholding of 3,814,527 shares (3.90% of votes) in a periodic institutional filing.
4 May 2010substantial holder notice● Neutral
Palo Alto Investors, LLC, Palo Alto Investors, Inc, William Leland Edwards, Anthony Joonkyoo Yun, MD, Micro Cap Partners, L.P, Palo Alto Global Energy Master Fund, L.P, Palo Alto Global Energy Fund, L.P, Palo Alto Small Cap Master Fund, L.P, Palo Alto Small Cap Fund, L.P disclosed a new substantial Triangle Petroleum Corp shareholding (15.15% of votes).
19 Mar 2010securities registration● Neutral
Triangle Petroleum Corp filed notice of an exempt private placement.
16 Mar 2010capital raising announcement● NeutralMajor
On March 16, 2010 Triangle completed the private placement announced days earlier: 27,993,939 shares at $0.33, giving about $9,238,000 gross and about $8,300,000 net. This closes the March 11 offering and adds those new shares to the total outstanding.
What it means for a shareholder
28.0m new shares at $0.330 to raise about $9.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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12 Mar 2010capital raising announcement● NeutralMajor
On March 11, 2010 Triangle priced a private placement of 27,993,939 new shares at $0.33 each, with expected net proceeds of about $8.3 million, well below the $1.40 paid in the June 2008 raise. Investors get rights to include their shares in certain future registration statements within 6 months of closing. The filing also records that authorized shares were raised to 150,000,000 effective July 10, 2009. The visible text shows the investor materials describe a newer Bakken Shale entry in North Dakota alongside the Nova Scotia interests (the rest of the filing is truncated).
What it means for a shareholder
28.0m new shares at $0.330 to raise about $8.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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26 Jan 2010substantial holder notice● Neutral
Sprott Asset Management LP, Sprott Canadian Equity Fund reported a Triangle Petroleum Corp shareholding of 10,254,200 shares (14.00% of votes) in a periodic institutional filing.