Past year: ▲ 0%(0.00c – 0.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2019listing compliance notice▼ BadMajor
In December 2019 Universal Potash Corporation (the same registrant, file number 0-50915) filed an amended notice to end its registration and stop its duty to file SEC reports, citing Rules 12g-4(a)(1) and 15d-6, with about 103 holders of record. The filing does not say what happens to the shares, so their treatment is unresolved.
15 June 2010listing compliance notice▼ BadMajor
UNIVERSAL POTASH CORP deregistered its securities, ending its obligation to file reports with the SEC.
25 June 2008material agreement termination● Neutral
This repeats the June 17, 2008 filing: the Hat Claims agreement in Colorado was cancelled as of June 1, 2008 because of competing Bureau of Land Management claims. The wording is identical and no new facts are added.
17 June 2008material agreement● NeutralMajor
On April 25, 2008 (amended June 4, 2008) the company signed an option with Shaun Spelliscy to earn 100% of certain metallic and industrial mineral claims in Alberta, Canada, subject to a 3% net smelter royalty. Payments total $300,000 cash and 300,000 restricted shares, with most tied to the grant of exploration permits. This is a new area outside Utah and Colorado.
17 June 2008material agreement termination▼ Bad
The company cancelled its June 2007 agreement to buy the Hat Claims in Colorado, effective June 1, 2008, after learning the area is subject to competing claims filed with the U.S. Bureau of Land Management. It chose not to contest the matter in court. It had paid $20,000 and issued 50,000 shares to each vendor; the filing says these will be credited toward other properties from the same vendors, with no penalties.
10 June 2008material agreement termination▼ BadMajor
The company cancelled its March 2007 agreements with Jeff Adams and Dennis Ekker to buy the Family Butte property in Utah, effective March 15, 2008. It said it could not secure a strip of claims separating two blocks, which prevented joint venture talks, and cited carrying costs and lower uranium property values. Adams kept 50,000 and Ekker 100,000 of the shares already issued, and the company reports no penalties. This ends the March 2007 purchase.
19 Feb 2008material agreement▲ GoodMajor
Effective January 15, 2008 the company signed a joint venture on its Wild Claims near Hanksville, Utah with Consolidated Abaddon Resources, the same partner as on the Pinto Claims. Abaddon is to make payments of $195,000, issue 300,000 shares, and complete at least $600,000 of work before December 31, 2008, and can earn up to 60% of the property.
23 Jan 2008material agreement● NeutralMajor
On January 14, 2008 the company agreed to buy 100% of the Wild Claims in Emery County, Utah from Christian Murer for $275,000 cash and 600,000 shares paid in stages through January 2010. It must also spend $300,000 on the claims within 24 months and pay royalties on certain minerals produced. This is a second purchase from Murer after the Pinto Claims.
26 Dec 2007material agreement● Neutral
On November 30, 2007 the company signed a letter of understanding with Bob Shupe and Gary Vancil to buy 12 mineral claims in Colorado known as the Ray Marie and Marcas claims, for $375,000 cash and 400,000 shares paid over three years. These are the same payment terms as the earlier Hat Claims deal with the same vendors.
6 Nov 2007material agreement▲ GoodMajor
Effective November 1, 2007 the company signed a joint venture on its Pinto Claims near Hanksville, Utah with Consolidated Abaddon Resources. Abaddon is to make payments of $550,000, issue 550,000 shares, and complete at least $605,000 of work before June 1, 2008, and can earn up to a 60% interest in the property. This would reduce the company's share of the Pinto Claims it bought in June 2007 if Abaddon meets the milestones.
16 Aug 2007material agreement● Neutral
On June 29, 2007 the company signed a letter of understanding with Bob Shupe to buy 100% of the Hoopie Mine Property in Montrose County, Colorado, for $375,000 cash and 400,000 shares paid over three years. These payment terms match the Hat Claims deal with Shupe and Vancil (an inference: it may be related to that deal).
2 Aug 2007material agreement● Neutral
On August 1, 2007 the company agreed to buy 100% of the Whale Claims in Utah from David and Michael Lacy for $280,000 cash and 400,000 shares, paid in stages through June 2009. This adds another Utah claim purchase.
25 July 2007material agreement termination● Neutral
The company dropped its April 2007 deal to buy Jeff Adams' 50% of the Henry Mountain claims in Utah. It cited further research on the property and its inability to reach an agreement on the other 50%. Adams agreed to return the deposit and shares issued, without penalty. This ends the April 2007 purchase.
11 July 2007material agreement● Neutral
On June 1, 2007 the company agreed to buy the Hat Claims in Colorado from Bob Shupe and Gary Vancil, for $375,000 cash and 400,000 shares paid in stages through June 2010. This is the company's first claim purchase outside Utah in these filings.
28 June 2007material agreement● NeutralMajor
On June 1, 2007 Utah Uranium agreed to buy 100% of the Pinto Claims in Wayne County, Utah from Christian Murer for $900,000 cash and 900,000 shares, paid in stages through June 1, 2009. It must also spend $300,000 on the claims within 24 months. This adds a larger acquisition commitment to its Utah claim portfolio.
15 May 2007material agreement● Neutral
The company, now named Utah Uranium Corp. (formerly McNab Creek Gold), agreed on April 10, 2007 to buy Jeff Adams' 50% interest in certain Utah mining claims for $50,000 cash and 600,000 shares, paid in stages. This is a further claim purchase following the March 2007 agreements.
11 Apr 2007material agreement● NeutralMajor
On March 15, 2007 the company agreed to buy two 50% interests in mining claims in Utah, from Dennis Ekker and Jeff Adams, so that it would hold 100%. Ekker is to get $88,000 cash and 200,000 shares in total, and Adams $330,000 cash and 300,000 shares in total, paid in stages through March 15, 2008. This starts the company's move into Utah mineral claims.
16 Mar 2006auditor change● Neutral
McNab Creek Gold's board dismissed Ernst & Young LLP and appointed Dale Matheson Carr-Hilton Labonte as auditor, effective March 13, 2006. The filing states there were no disagreements with Ernst & Young, and repeats that the earlier audit reports for the years ended March 31, 2004 and 2005 contained a going-concern warning. This is the second auditor change in about six months.
26 Sept 2005auditor change● Neutral
The company, then named McNab Creek Gold Corp., reported that its auditor Moore Stephens Ellis Foster merged into Ernst & Young LLP effective May 3, 2005, so Ernst & Young became its auditor. The filing says there were no disagreements with the former auditor, and that the audit reports for the years ended March 31, 2004 and 2005 carried a going-concern warning (substantial doubt about the company's ability to continue). This fits the late annual and quarterly report notices earlier in 2005.
