RNGC.OTC.PinkRanger Gold CORP

10-K/A: Ranger Gold Corp. Files Amended Annual Report, Updates Shareholder Information

Sentiment:

Annual Report Amendment


Ranger Gold Corp. has filed an amendment to its annual report to include an explanatory note, update principal stockholder information, and file certifications from its CEO and CFO.

Summary

  • Ranger Gold Corp. filed Amendment No. 2 to its Annual Report on Form 10-K/A.
  • This amendment addresses the inclusion of an explanatory note and a signature page.
  • The amendment also updates the principal stockholders table to include addresses where known.
  • Exhibits 31.1 and 31.2, which are certifications from the CEO and CFO, have been filed.
  • The amendment revises Part IV, Item 15 to reflect the filing of these exhibits.
  • No other changes were made to the original filing or Amendment No. 1.
  • The amendment should be read in conjunction with the original report and Amendment No. 1.
  • As of July 26, 2024, there were 242,669,234 shares of common stock outstanding.
  • As of the date of the amended report, there were 248,020,000 shares of common stock outstanding.
  • Bryan Glass beneficially owns 200,000,000 shares, representing 80.64% of the outstanding shares.
  • Gurpartap Singh Basrai owns 25,000,000 shares, representing 10.08% of the outstanding shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, with no significant positive or negative news. The high concentration of ownership is a potential concern, but the filing itself is neutral.

Positives

  • The company is adhering to regulatory requirements by filing the necessary amendments and certifications.
  • The filing provides updated information on share ownership.

Risks

  • The company's financial statements are not included in this amendment, which may limit the ability to assess the company's financial health.
  • The company is controlled by a single shareholder, Bryan Glass, which may present corporate governance risks.

Management Comments

  • Bryan Glass, as President and CEO, certified the accuracy of the report.
  • Bryan Glass, as Principal Financial Officer, also certified the accuracy of the report.

Industry Context

This filing is a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

  • The filing of an amended 10-K is not unusual when errors or omissions are identified in the original filing.
  • The inclusion of CEO and CFO certifications is a standard practice for public companies to ensure accountability.
  • The level of share ownership concentration is not uncommon in smaller companies, but it does raise questions about corporate governance.

Stakeholder Impact

  • Shareholders are provided with updated information on share ownership.
  • The filing ensures compliance with regulatory requirements, which is important for investor confidence.

Key Dates

DateDescription
September 30, 2023The aggregate market value of voting and non-voting common equity held by non-affiliates was approximately $0.
March 31, 2024Fiscal year ended for the original annual report.
July 26, 2024There were 242,669,234 shares of common stock outstanding.
July 30, 2024Original Filing Date of the Annual Report on Form 10-K.
December 17, 2024Amendment No. 1 to the Original Filing was filed.
December 18, 2024Date of this Amendment No. 2 filing and certifications.

Keywords

amendment, annual report, shareholders, certification, SEC filing, corporate governance, Ranger Gold Corp, Form 10-K/A

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