Past year: ▲ 117%(6.00c – 16.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Feb 2016listing compliance notice▼ BadMajor
Rather than fight the listing standards, Timberline's board chose to voluntarily delist its common stock from NYSE MKT. Separately, it sold its 50% interest in the Butte Highlands JV - the 50/50 venture formed in 2009 with Ron Guill's Highland Mining - to New Jersey Mining Company for $225,000 cash plus 3 million New Jersey Mining shares, shedding a non-core legacy asset as it consolidated around Talapoosa.
12 Jan 2016listing compliance notice▼ BadMajor
NYSE MKT warned Timberline it was out of compliance with the exchange's financial-condition listing standard - its losses and impaired finances raised doubts about its ability to continue operating - and demanded a compliance plan within a week, a serious going-concern-flavored listing threat.
23 Sept 2015capital raising announcement▲ Good
Timberline closed the Waterton private placement, issuing 1.3 million shares for about $499,000 - completing the deal announced a week earlier.
15 Sept 2015capital raising announcement▲ Good
Waterton Precious Metals Fund II agreed to buy about 1.3 million Timberline shares (roughly 9.9% of shares outstanding) for about $499,000 in a private placement, alongside non-binding terms for a broader proposed transaction - a new institutional/strategic investor entering as Timberline advanced Talapoosa.
6 Aug 2015quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $682 thousand for the period ended 2015-06-30.
26 June 2015securities registration● Neutral
Timberline Resources Corp filed the final prospectus for a registered offering.
17 June 2015securities registration● Neutral
Timberline Resources Corp registered a securities offering with the SEC using its shelf eligibility.
28 May 2015resource reserve update▲ Good
Timberline filed the full Talapoosa preliminary economic assessment report with Canadian securities regulators, providing the detailed technical basis (prepared by a multi-firm team of geologists and engineers) for the project's positive economics.
26 May 2015resource reserve update● Neutral
Timberline announced it had filed the Talapoosa preliminary economic assessment technical report - a follow-up disclosure of the same PEA results reported in late April.
13 May 2015resource reserve update▲ Good
Timberline filed the formal NI 43-101 technical report and resource estimate for Talapoosa with Canadian regulators, backing up the earlier economic assessment with a fuller resource study.
13 May 2015quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $1.6 million for the period ended 2015-03-31.
30 Apr 2015resource reserve update▲ GoodMajor
Timberline announced a preliminary economic assessment for Talapoosa showing a $136 million after-tax NPV and 39% IRR at $1,150/oz gold with $51 million in pre-production capital costs - strong early economics for the newly optioned project.
15 Apr 2015substantial holder notice● Neutral
Gunpoint Exploration Ltd, American Gold Capital US Inc disclosed a new substantial Timberline Resources Corp shareholding (16.70% of votes).
17 Mar 2015capital raising announcement▲ GoodMajor
Timberline signed an option agreement with Gunpoint Exploration and its affiliates for the exclusive right to buy 100% of the Talapoosa gold project in Nevada, with up to 30 months to exercise while working toward a feasibility study - the start of what would become Timberline's flagship asset.
18 Feb 2015quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $689 thousand for the period ended 2014-12-31.
10 Feb 2015quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $689 thousand for the period ended 2014-12-31.
14 Oct 2014capital raising announcement● Neutral
Timberline got NYSE MKT approval to issue 1 million shares to keep its option alive on the Knight family trust's Nevada mining claims - a routine step to preserve the 2013 lease-and-option deal.
25 Sept 2014substantial holder notice● Neutral
Resource Re Ltd reported a Timberline Resources Corp shareholding of 8,415,000 shares (11.19% of votes) in a periodic institutional filing.
25 Aug 2014substantial holder notice● Neutral
Resource Re Ltd disclosed a new substantial Timberline Resources Corp shareholding (11.19% of votes).
21 Aug 2014asset acquisition disposition▲ GoodMajor
Timberline closed the Wolfpack Gold (Nevada) acquisition and separately took over Wolfpack's option obligations to Seabridge Gold covering the Castle Black Rock interest - completing the merger and inheriting a new counterparty relationship with Seabridge.
12 Aug 2014quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $656 thousand for the period ended 2014-06-30.
6 Aug 2014quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $656 thousand for the period ended 2014-06-30.
23 May 2014listing compliance notice▼ BadMajor
NYSE MKT told Timberline its stock price was too low for continued listing and required a reverse stock split by November 2014; Timberline said it would seek shareholder approval for the split alongside the pending Wolfpack merger vote - the low share price and the merger financing needs now intertwined.
23 May 2014business combination● NeutralMajor
Timberline filed a preliminary proxy for a June 26, 2014 meeting to approve buying Wolfpack Gold (Nevada) Corp. under an arrangement agreement dated May 6, 2014, issuing 42,932,063 new shares to Wolfpack Gold Corp. That is a large issuance relative to a share price of about $0.13 (used for the fee calculation). Shareholders are also asked to approve a reverse split (between 1-for-5 and 1-for-12), an increase in authorized shares from 100M to 200M, and the usual annual-meeting items. Directors and officers holding about 1% have agreed to vote in favour. This is a new acquisition thread, unrelated to the 2010 Staccato deal.
15 May 2014quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $678 thousand for the period ended 2014-03-31.
14 May 2014quarterly activities report▼ Bad
Timberline Resources Corp reported a quarterly net loss of $678 thousand for the period ended 2014-03-31.
12 May 2014business combination▲ GoodMajor
Timberline and Wolfpack Gold signed a definitive Arrangement Agreement: Timberline will acquire Wolfpack Gold (Nevada) Corp - holding Wolfpack's Nevada gold properties plus about CAD$5.3 million cash - in a share-for-share exchange, structured as a British Columbia court-approved plan of arrangement expected to close in July 2014.
17 Apr 2014material agreement● Neutral
Timberline and Wolfpack Gold amended their merger letter of intent, extending the exclusivity deadline to May 5, 2014 and confirming Timberline had drawn on the $1 million Wolfpack bridge loan - the merger talks continuing but taking longer than first planned.
20 Mar 2014business combination● Neutral
Ahead of a definitive merger agreement, Wolfpack Gold extended Timberline a secured bridge loan of up to $1 million (5% interest rising to 10%) to fund working capital, secured by a deed of trust - Wolfpack effectively propping up cash-strapped Timberline while the merger talks proceeded.
18 Mar 2014material agreement▲ GoodMajor
Timberline signed a non-binding letter of intent to merge with Wolfpack Gold Corp, with a binding exclusivity period through April 2014 while the two Nevada-focused explorers pursued due diligence toward a definitive deal.
