1 Mar 2006director interest notice● Neutral
Oenbring Patrick R became a CYGNUS OIL & GAS CORP Chief Operating Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Mar 2006director interest notice● Neutral
CYGNUS OIL & GAS CORP Chief Operating Officer Oenbring Patrick R received a stock option grant for 150,000 shares.
21 Feb 2006director interest notice● Neutral
CYGNUS OIL & GAS CORP 10%+ owner Michael Marcus gifted 400,000 shares.
21 Feb 2006substantial holder notice● Neutral
Michael Marcus disclosed a new substantial CYGNUS OIL & GAS CORP shareholding (9.94% of votes).
14 Feb 2006director interest notice● Neutral
Michael Marcus became a CYGNUS OIL & GAS CORP 10%+ owner and company insider (initial ownership filing).
14 Feb 2006substantial holder notice● Neutral
Michael Marcus disclosed a new substantial CYGNUS OIL & GAS CORP shareholding (10.46% of votes).
8 Feb 2006director interest notice● Neutral
Haynes Stephen C became a CYGNUS OIL & GAS CORP Chief Financial Officer and company insider (initial ownership filing).
8 Feb 2006director interest notice● Neutral
CYGNUS OIL & GAS CORP Chief Financial Officer Haynes Stephen C received a stock option grant for 100,000 shares.
30 Jan 2006capital raising announcement● Neutral
Touchstone raised another roughly $8.4 million (bringing the round begun in August 2005 to about $14 million total) through stock-and-warrant private placements in the US and overseas; board member R. Gerald Bennett personally invested $252,000 through his own entity, G&S Bennett Ltd.
26 Jan 2006substantial holder notice● Neutral
Michael Marcus disclosed a new substantial CYGNUS OIL & GAS CORP shareholding (8.23% of votes).
23 Jan 2006director interest notice● Neutral
CYGNUS OIL & GAS CORP director Bennett Richard Gerald bought 420,000 shares on the open market.
1 Dec 2005director interest notice● Neutral
CYGNUS OIL & GAS CORP director Bennett Richard Gerald received a stock option grant for 100,000 shares.
1 Dec 2005director interest notice● Neutral
Irelan Robert E became a CYGNUS OIL & GAS CORP director and company insider (initial ownership filing).
1 Dec 2005director interest notice● Neutral
CYGNUS OIL & GAS CORP Chief Executive Officer Abel Roger L bought 416,667 shares on the open market.
1 Dec 2005director interest notice● Neutral
Bennett Richard Gerald became a CYGNUS OIL & GAS CORP director and company insider (initial ownership filing).
1 Dec 2005director interest notice● Neutral
CYGNUS OIL & GAS CORP director Irelan Robert E received a stock option grant for 100,000 shares.
18 Oct 2005director interest notice● Neutral
Walrath Gerald W became a CYGNUS OIL & GAS CORP VP Land & Business Development and company insider (initial ownership filing).
18 Oct 2005director interest notice● Neutral
CYGNUS OIL & GAS CORP VP Land & Business Development Walrath Gerald W received a stock option grant for 100,000 shares.
6 Oct 2005capital raising announcement● Neutral
Touchstone raised roughly $3.27 million in cash plus converted $1.1 million of existing debt through another private placement of common stock and warrants.
17 Aug 2005director interest notice● Neutral
CYGNUS OIL & GAS CORP Chief Executive Officer Abel Roger L received a stock option grant for 4,876,540 shares.
17 Aug 2005director interest notice● Neutral
Abel Roger L became a CYGNUS OIL & GAS CORP Chief Executive Officer and company insider (initial ownership filing).
13 May 2005capital raising announcement● NeutralMajor
On April 19, 2005 Touchstone Resources USA closed two private stock sales of units (Series A convertible preferred plus warrants at $11.00 per unit): 402,331 units for $4,425,641 in the US offering and 307,727 units for $3,384,997 in the non-US offering. Each preferred share converts into 10 common shares at $1.10, carries an 8% dividend (12% if paid in stock), and ranks ahead of common shareholders for $11.00 per share in a liquidation; the warrants buy 5 shares each at $1.50 for three years. Fees of $575,333 and $338,500 were paid. This adds to the company's run of private fundraisings and creates a senior claim ahead of common stock plus potential dilution.
5 Apr 2005capital raising announcement● Neutral
Touchstone raised about $2.25 million by privately placing Series A convertible preferred stock and warrants.
1 Apr 2005late filing notice▼ Bad
CYGNUS OIL & GAS CORP notified the SEC that its annual report would be filed late.
15 Dec 2004director interest notice● Neutral
CYGNUS OIL & GAS CORP President Stephen P Harrington sold 595,000 shares.
3 Dec 2004director interest notice● Neutral
Franklin Wesley became a CYGNUS OIL & GAS CORP Executive Vice President and company insider (initial ownership filing).
16 Nov 2004late filing notice▼ Bad
CYGNUS OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
17 Aug 2004late filing notice▼ Bad
CYGNUS OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
21 July 2004asset acquisition disposition● NeutralMajor
This amendment adds detail to the March 2004 Touchstone deals: on April 1, 2004 the company agreed to put $1,350,000 cash into PHT Vela Partners, L.P. for a 35.64% limited partnership interest. It also files financial statements and pro forma figures for the acquired businesses; the accompanying statements show the acquired Touchstone USA unit had a net loss of $12,706,979 for the year ended September 30, 2003, including a $10,651,113 write-down of oil and gas properties, and liabilities well above assets. It continues the 2004 asset-buying phase.
24 May 2004asset acquisition disposition● NeutralMajor
Newly-renamed Touchstone bought a string of small oil and gas working interests - Knox Gas/Knox Miss in Mississippi's Black Warrior Basin, stakes in New Zealand's Taranaki Basin and a Texas gas play, and a Louisiana exploration interest - financed mostly with notes payable back to the seller, Endeavour International, on a tight repayment schedule.