16 June 2015late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. 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.
16 June 2015quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $120 thousand and a net loss of $524 thousand for the period ended 2015-04-30.
3 June 2015substantial holder notice● Neutral
BOCO Investment, LLC, WestMountain Prime, LLC, Pat Stryker Living Trust, dated October, Pat Stryker reported a WESTMOUNTAIN GOLD, INC. shareholding of 47,506,149 shares (67.30% of votes) in a periodic institutional filing.
1 June 2015quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $120 thousand and a net loss of $524 thousand for the period ended 2015-04-30.
1 June 2015debt financing● NeutralMajor
The company says it missed the conditions of the 2014 BOCO modifications, so the BOCO loans had been in default since October 2013. A new May 15, 2015 agreement reschedules repayment: $100,000 due Oct 1, 2015, about $700,000 Nov 15, 2015, about $1,500,000 Nov 15, 2016 and about $1,852,115 Nov 15, 2017. BOCO converted $2,221,159 of unpaid interest plus $300,000 of principal into 21,009,658 shares at $0.12; Minex ($671,870) and Silver Verde May Mining ($37,950) also converted at $0.12, receiving 5,598,917 and 316,250 shares. Warrants were issued and re-priced, and BOCO exercised 6,886,615 warrants for $264,331. BOCO also gets a board seat and oversight rights, CEO Schifrin waived rights under his employment agreement, and BOCO provides a new $150,000 facility for 2015 mining camp costs. This is a major dilution event for existing shareholders. The $1,000,000 Dessi loan's due date was extended to December 14, 2016.
23 Mar 2015quarterly activities report● Neutral
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $612 thousand and net income of $202 thousand for the period ended 2015-01-31.
18 Mar 2015late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its quarterly report would be filed late.
12 Mar 2015director interest notice● Neutral
WESTMOUNTAIN GOLD, INC. 10%+ owner Boco Investments LLC disposed of 62,500 shares via option/appreciation-right settlement.
12 Mar 2015director interest notice● Neutral
WESTMOUNTAIN GOLD, INC. 10%+ owner Boco Investments LLC disposed of 2,562,500 shares via option/appreciation-right settlement.
12 Mar 2015substantial holder notice● Neutral
BOCO Investment, LLC, WestMountain Prime, LLC, Pat Stryker reported a WESTMOUNTAIN GOLD, INC. shareholding of 16,736,154 shares (34.90% of votes) in a periodic institutional filing.
13 Feb 2015director interest notice● Neutral
James W Creamer III became a WESTMOUNTAIN GOLD, INC. CFO and company insider (initial ownership filing).
30 Jan 2015late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its annual report would be filed late.
12 Dec 2014substantial holder notice● Neutral
BOCO Investment, LLC, WestMountain Prime, LLC, Pat Stryker Living Trust, dated October, Pat Stryker reported a WESTMOUNTAIN GOLD, INC. shareholding of 14,050,953 shares (32.91% of votes) in a periodic institutional filing.
22 Sept 2014quarterly activities report● Neutral
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $158 thousand and net income of $16 thousand for the period ended 2014-07-31.
16 Sept 2014late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its quarterly report would be filed late.
23 June 2014quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $128 thousand and a net loss of $593 thousand for the period ended 2014-04-30.
16 June 2014late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its quarterly report would be filed late.
9 June 2014debt financing▼ Bad
BOCO agreed an amendment to the April loan modification: the three BOCO loans remain in default, and the extension of maturity to December 31, 2015 is now subject to conditions on the planned debt-equity offering, with the deadline for meeting them moved to June 30, 2014. The Minex conversion of $400,000 at $0.45 per share is unchanged. The filing gives no assurance the conditions will be met.
4 June 2014director interest notice● Neutral
Loni D Knepper became a WESTMOUNTAIN GOLD, INC. company insider (initial ownership filing).
24 Apr 2014debt financing● NeutralMajor
BOCO signed a modification of three loan agreements that were already in default, extending maturity to December 31, 2015. The related vendor Minex Exploration agreed to convert $400,000 of what it is owed into shares at $0.45 each. Further BOCO steps (converting part of the notes and interest into shares, re-pricing and extending warrants, new warrants, and more BOCO investment) depend on conditions tied to a planned debt-equity offering, and the filing gives no assurance the company will meet them or raise the funds. This continues the open question on the BOCO maturities from late 2013, which are now confirmed in default.
18 Apr 2014debt financing▼ BadMajor
The company disclosed it is in default on the $100,000 annual royalty payment owed to Ben Porterfield under its lease, and the lease could be terminated if it is not paid by June 3, 2014. Separately, URenergy LLC won a $204,143 judgment (plus fees and costs) against the company over a defaulted loan, with no settlement reached yet.
31 Mar 2014director interest notice● Neutral
Mark E Scott became a WESTMOUNTAIN GOLD, INC. company insider (initial ownership filing).
26 Mar 2014quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $76 thousand and a net loss of $1.1 million for the period ended 2014-01-31.
24 Mar 2014quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $76 thousand and a net loss of $1.1 million for the period ended 2014-01-31.
17 Mar 2014late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its quarterly report would be filed late.
12 Mar 2014securities registration● Neutral
WESTMOUNTAIN GOLD, INC. filed notice of an exempt private placement.
18 Feb 2014asset acquisition disposition▲ GoodMajor
Through its subsidiary Terra Gold Corp, the company says it acquired 100% of the Terra Gold Project from Corvus Gold's Alaskan subsidiary, Raven Gold Alaska, for $1.8M cash and 200,000 company shares, with Corvus relinquishing royalty payments (per the press release). This appears to resolve the earlier open question about buying out the Corvus interest, though the terms ($1.8M plus 200,000 shares) differ from the February 2013 letter of intent ($6.0M plus 750,000 shares). The company also received a $1,000,000 bridge loan on February 14, 2014 from an accredited investor, due December 31, 2014 in cash; the exhibit names BOCO. This follows the $1,000,000 loan repaid on February 3, 2014. The press release says the loan came from two shareholders, and the filing does not say how the purchase was funded in detail.
7 Feb 2014debt financing● Neutral
At BOCO's request, the company repaid the $1,000,000 bridge loan in full on February 3, 2014, about ten months before its December 2014 due date. The filing does not say where the repayment money came from or why BOCO asked.
30 Jan 2014late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its annual report would be filed late.
28 Jan 2014substantial holder notice● Neutral
BOCO Investment, LLC, WestMountain Prime, LLC, Pat Stryker Living Trust, dated October, Pat Stryker reported a WESTMOUNTAIN GOLD, INC. shareholding of 13,280,044 shares (29.43% of votes) in a periodic institutional filing.