15 Sept 2006capital raising announcement● Neutral
A second short amendment to the September 2006 note filing, again only attaching a revised Schedule A to the note amendment; the filing does not say what changed.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Sept 2006capital raising announcement● Neutral
A short amendment to the September 2006 note filing that only replaces Schedule A to the amendment of the convertible notes, warrants and related agreements; the filing does not describe what changed in the schedule.
8 Sept 2006capital raising announcement▼ BadMajor
In September 2006 Azco renegotiated the March convertible notes held by five investors: maturity moved from August 31, 2007 to January 1, 2008, the first installment moved to February 1, 2007, and the conversion and warrant prices fell from $1.58 to $1.00. The investors also bought another $1,000,000 of notes, bringing total outstanding principal, interest and damages to $3,754,357, with 500,000 new warrants at $1.00. The lower prices mean more potential dilution for existing shareholders.
10 May 2006asset acquisition disposition▲ GoodMajor
On May 4, 2006 Azco bought all of The Lordsburg Mining Company from Imagin Minerals for $1,300,000 from general funds. This gives it the Summit project mining claims in New Mexico (subject to royalties and a net proceeds interest), two state permits, and idle milling equipment it plans to move to a mill site. Financial statements were promised by July 15, 2006.
23 Mar 2006capital raising announcement● NeutralMajor
Azco raised $2,500,000 (about $2,270,000 net) in March 2006 from four institutional investors through 7% senior secured convertible notes, with warrants and rights to buy more notes. The notes convert at $1.58 per share, the warrants cover 791,139 shares at $1.58, and Azco can repay in cash or shares. Azco must register the shares for resale and pay 1% a month in damages if it is late, so existing shareholders face possible dilution.
27 Sept 2005substantial holder notice● Neutral
W. Pierce Carson disclosed a new substantial Santa Fe Gold CORP shareholding (18.90% of votes).
27 Sept 2005substantial holder notice● Neutral
Lawrence G. Olson disclosed a new substantial Santa Fe Gold CORP shareholding (11.40% of votes).
20 May 2005director interest notice● Neutral
Christian Mustad became a Santa Fe Gold CORP 10%+ owner and company insider (initial ownership filing).
20 May 2005substantial holder notice● Neutral
Christian Mustad disclosed a new substantial Santa Fe Gold CORP shareholding (10.40% of votes).
9 May 2005substantial holder notice● Neutral
W. Pierce Carson disclosed a new substantial Santa Fe Gold CORP shareholding (17.30% of votes).
9 May 2005substantial holder notice● Neutral
Lawrence G. Olson disclosed a new substantial Santa Fe Gold CORP shareholding (12.10% of votes).
29 Sept 2004auditor change▼ Bad
Semple & Cooper resigned as Azco's auditor on September 23, 2004, and Azco engaged Stark Winter Schenkein & Co. of Denver the same day. Semple's report on the June 30, 2003 statements included a going-concern doubt paragraph, and the filing reports no disagreements. This is Azco's fourth auditor change since 2003.
13 Aug 2004director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson received a stock option grant for 1,000,000 shares.
13 Aug 2004director interest notice● Neutral
Santa Fe Gold CORP President and CEO W Pierce Carson received a stock option grant for 2,000,000 shares.
13 Aug 2004director interest notice● Neutral
Santa Fe Gold CORP President & CEO W Pierce Carson received a stock option grant for 2,000,000 shares.
13 Aug 2004director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson received a stock option grant for 1,000,000 shares.
25 Mar 2004auditor change● Neutral
An amended filing on the Raftery-to-Semple & Cooper auditor change. It adds that Raftery issued no reports during his engagement, that there were no disagreements, and that Azco's board approved the change; Raftery's letter to the SEC is attached.
26 Feb 2004auditor change▼ BadMajor
Mr. Raftery resigned as Azco's auditor because he had not received final approval from the Public Accounting Oversight Board to audit public companies, so he could not issue the audit report for the year ended June 30, 2003. Azco hired Semple & Cooper, LLP of Phoenix effective February 14, 2004, its third auditor arrangement in about five months.
12 Nov 2003auditor change● Neutral
Azco engaged James E. Raftery, CPA, of Mesa, Arizona as its new auditor, effective October 31, 2003, replacing PricewaterhouseCoopers, which resigned in September. The filing says Azco had not consulted him on accounting questions before hiring him.
31 Oct 2003director interest notice● Neutral
Santa Fe Gold CORP President, CEO W Pierce Carson received a stock option grant for 4,000,000 shares.
29 Oct 2003director interest notice● Neutral
W Pierce Carson became a Santa Fe Gold CORP President, CEO and company insider (initial ownership filing).
29 Oct 2003director interest notice● Neutral
Santa Fe Gold CORP director Lawrence G Olson received a stock option grant for 1,500,000 shares.
29 Oct 2003director interest notice● Neutral
Santa Fe Gold CORP VP Finance, Corp Secretary Ryan Modesto received a stock option grant for 1,000,000 shares.
29 Oct 2003director interest notice● Neutral
Santa Fe Gold CORP VP Operations Gary L Simmerman received a stock option grant for 1,000,000 shares.
29 Oct 2003director interest notice● Neutral
Santa Fe Gold CORP President, CEO W Pierce Carson received a stock option grant for 4,000,000 shares.
1 Oct 2003auditor change● Neutral
An amended version of the September 2003 filing on PricewaterhouseCoopers' resignation. It repeats the same disclosures and adds the auditor's letter to the SEC (dated September 30, 2003) and the original 8-K as exhibits; no new events are reported.
12 Sept 2003auditor change▼ BadMajor
PricewaterhouseCoopers resigned as Azco's auditor on September 5, 2003. Its reports for fiscal 2001 and 2002 included a paragraph expressing substantial doubt about Azco's ability to continue as a going concern, and the filing reports no disagreements with the auditor.
14 May 2003late filing notice▼ Bad
Santa Fe Gold CORP notified the SEC that its quarterly report would be filed late.
25 Apr 2003asset acquisition disposition● NeutralMajor
Azco Mining (the filer, which appears under the Santa Fe Gold name) sold all its shares in its Mexican company Cobre del Mayo to Frontera Cobre del Mayo, Inc. on April 10, 2003. It received $200,000 at closing and is due $50,000 three months later, plus deferred payments tied to construction start ($250,000, or $500,000 if COMEX copper is above $1.00/lb) and commercial production ($500,000, or $1,000,000 above $1.00/lb). It also gets a $0.02/lb royalty in quarters when copper averages at least $1.20/lb, until deferred payments and royalty total $4,750,000; the later payments depend on the Piedras Verdes copper project going ahead.
14 Feb 2003late filing notice▼ Bad
Santa Fe Gold CORP notified the SEC that its quarterly report would be filed late.