26 Mar 2012 capital raising announcement ● Neutral
An amended filing says principal shareholder John D. Gibbs made a $25,000 unsecured advance, due on demand, on February 2, 2012. It also says the company sold warrants for 143,000 shares at $0.25 each, exercisable for five years, to GVC Capital under an advisor agreement, for $100. This continues the company's reliance on Gibbs for funding, ahead of the formal credit agreement signed in July 2012.
What it means for a shareholder
143,000 new shares at US$0.250 to raise about US$25,000 . That's 0.439% dilution : every existing holder's slice gets 0.439% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0123% to 0.0123% of the company. To keep it you'd need 18 more shares - about US$5 at the issue price.
your share of the company
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23 Mar 2012 debt financing ● Neutral
Gibbs advanced a further $125,000, unsecured and due on demand.
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23 Mar 2012 debt financing ● Neutral
A same-day amendment simply re-filed the March 18 promissory note by reference -- no new information.
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9 Feb 2012 capital raising announcement ● Neutral
Gibbs advanced Athena Minerals another $25,000, and the company issued GVC Capital warrants over 143,000 shares (exercise price $0.25) as a nominal-cost advisory fee, with GVC reallocating them to 14 associated persons.
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25 Jan 2012 director interest notice ● Neutral
John D Gibbs became a ATHENA GOLD CORP 10%+ owner and company insider (initial ownership filing).
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25 Jan 2012 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 87,500 shares on the open market.
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5 Jan 2012 capital raising announcement ● Neutral
A further 17,500 shares went to marketing consultant Bill Fishkin in lieu of cash.
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4 Jan 2012 debt financing ● Neutral
Gibbs extended two more unsecured $50,000 notes to keep Athena funded -- insider lending remained the company's main source of capital.
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17 Nov 2011 quarterly activities report ▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $234 thousand for the period ended 2011-09-30.
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14 Nov 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 42,500 shares on the open market.
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14 Nov 2011 late filing notice ▼ Bad
ATHENA GOLD CORP notified the SEC that its quarterly report would be filed late.
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14 Nov 2011 substantial holder notice ● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 13,984,500 shares (43.20% of votes) in a periodic institutional filing.
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6 Oct 2011 substantial holder notice ● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 13,942,000 shares (43.07% of votes) in a periodic institutional filing.
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6 Oct 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 62,500 shares on the open market.
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9 Sept 2011 capital raising announcement ● Neutral
Athena signed a $20,000 marketing/website services deal with Accredited Members Inc., paid half in cash and half (16,949 shares) in stock.
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22 Aug 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 97,500 shares on the open market.
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22 Aug 2011 substantial holder notice ● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 13,879,500 shares (42.88% of votes) in a periodic institutional filing.
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22 Aug 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 55,000 shares on the open market.
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22 Aug 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 145,000 shares on the open market.
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22 Aug 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 45,000 shares on the open market.
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16 Aug 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner Clifford L Esq Neuman sold 100,000 shares at $0.40.
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15 Aug 2011 quarterly activities report ▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $110 thousand for the period ended 2011-06-30.
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3 Aug 2011 director interest notice ● Neutral
Leroy Wilkes became a ATHENA GOLD CORP director and company insider (initial ownership filing).
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3 June 2011 substantial holder notice ● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 13,537,000 shares (41.82% of votes) in a periodic institutional filing.
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3 June 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 590,000 shares on the open market.
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2 June 2011 capital raising announcement ● Neutral
Athena issued 24,000 shares for marketing services and a further 150,000 shares to settle accrued 2010-2011 accounting fees -- continued reliance on stock instead of cash to pay service providers.
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31 May 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner John D Gibbs bought 65,000 shares on the open market.
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31 May 2011 substantial holder notice ● Neutral
JOHN D. GIBBS reported a ATHENA GOLD CORP shareholding of 12,947,000 shares (40.18% of votes) in a periodic institutional filing.
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13 May 2011 quarterly activities report ▼ Bad
ATHENA GOLD CORP reported a quarterly net loss of $428 thousand for the period ended 2011-03-31.
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28 Apr 2011 director interest notice ● Neutral
ATHENA GOLD CORP 10%+ owner Clifford L Esq Neuman sold 3,600 shares.
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