GRYO Gryphon Resources, Inc featured news, full reports, and detailed charts
Gryphon Resources, Inc (GRYO/GRYO.OB) Wrap Up:
Gryphon Resources, Inc. engages in the acquisition and exploration of mineral properties in Canada. It holds interest in 3 gold claims that represent an aggregate of approximately 1,027 hectares of land, located north east of La Ronge, Saskatchewan. The company was founded in 2006 as Gryphon Oil & Gas, Inc. and changed its name to Gryphon Resources, Inc. in April 2007. Gryphon Resources, Inc. is based in Vancouver, Canada.www.gryphonresourcesinc.com
3 Employees
Founded in 2006
Gryphon Resources, Inc (GRYO:OTC Bulletin Board Market)
LAST $1.01 USD
CHANGE TODAY -0.68 -40.24%
VOLUME 325.0
As of 1:06 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Gryphon Resources, Inc (GRYO)
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OPEN
$1.01
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PREVIOUS CLOSE
$1.69
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DAY HIGH
$1.01
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DAY LOW
$1.01
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52 WEEK HIGH
06/19/09 - $2.20
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52 WEEK LOW
09/16/09 - $0.01
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MARKET CAP
97.5M
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AVERAGE VOLUME 3 mo
1.1K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
96.5M
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GRYO Does Not Pay Dividends
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P/E TTM
NM
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GRYO Top Compensated Officers
Mr. Serdar Kirmizioglu
Chairman, Chief Executive Officer, President,...
Age: 33
Total Annual Compensation: $1.9K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Gryphon Resources, Inc (GRYO)
Gryphon Resources Inc. Announces Preliminary Geological Findings at H33D4 Exploration Concession in Turkey
09/29/2009
On September 29, 2009, Gryphon Resources Inc. completed review of the preliminary geological findings provided by an independent geologist who performed site work at the company's H33D4 exploration concession in Turkey. An examination of H33D4 done by Dr. Warren Pratt showed a block of manganese mineralization measuring approximately 20 x 15 x 5 metres with a grade of approximately 45%, plus other lower grade manganese mineralization. The visible high grade manganese deposit occurs within a complex mega-breccia (melange) deposit. Other similar manganese blocks are not visible at the surface and no drilling has yet been undertaken. Based on his findings, Dr. Pratt cannot verify previous analysis of the company that H33D4 supports the existence of an extensive high grade manganese deposit. Eleven samples taken at the site have provided evidence of low grade manganese mineralization hosted by a tectonised sequence of ophiolitic rocks. This mineralization extends for at least 400 metres along strike and is composed of a manganiferous chert approximately 3 metres thick on average. This mineralization is estimated to have a grade of approximately 1.2-5.7% and does not present an economical case for exploitation at this time. The Company has determined it will continue efforts to explore for manganese and copper at the H33D4 site.
Gryphon Resources Amends Article 3 of the Articles of Incorporation
05/15/2009
Gryphon Resources Inc. announced that it amend Article 3 of the Articles of Incorporation of the company by increasing the authorized capital from 100,000,000 shares to 400,000,000 shares of common stock with a par value of $0.001 per share. The amendment to the Articles of Incorporation of the company to increase the authorized capital is being made, in part, to provide the company with more flexibility and opportunities to conduct equity financings. On April 3, 2009, the board of directors of the company approved and recommended the Resolution. Subsequently, the holders of a majority of the voting power signed and delivered to the company written consents approving the Resolution, in lieu of a meeting.
Gryphon Resources Inc. Reports Earnings Results for the First Quarter Ended March 31, 2009
05/15/2009
Gryphon Resources Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported a net loss (excluding non-controlling interest) of $45,073. In contrast, the company posted a net loss of $23,758 for the same quarter in the previous year.
GRYO Competitors
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Industry Analysis
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More Recent News About Gryphon Resources, Inc
More news for GRYO
GRYPHON RESOURCES, INC. Files SEC form 8-K, Other Events
Show all filings for GRYPHON RESOURCES, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GRYPHON RESOURCES, INC. 29-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for ...Click here to read the whole Article (external link)
Gryphon Resources Begins Oil & Gas Acquisition Negotiation and Reports Manganese Analysis
IZMIR, Turkey, Sept. 29 /PRNewswire-FirstCall/ -- Gryphon Resources reported today it has begun negotiations for purchase of a significant oil & gas exploration interest in Turkey. CEO Serdar Kirmizioglu described this initiative "As a significant expansion of our strategic plans which effectively diversifies the Company. This is a good opportunity and we're confident we can successfully manage oil exploration and continued exploration for manganese and copper. Negotiations are expected to conclude within the next several weeks and we see this as a positive development for our future marketability." Gryphon Resources also reported findings of an independent geologist who visited Gryphon's H33D4 manganese exploration site in Turkey. An examination of H33D4 done by Dr. Warren Pratt showed a block of manganese mineralization measuring approximately 20 x 15 x 5 metres with a grade of approximately 45%, plus other lower grade manganese mineralization. The visible high grade manganese deposit occurs within a complex mega-breccia (melange) deposit. Other similar manganese blocks are not visible at the surface and no drilling has yet been undertaken. Based on his findings, Dr. Pratt cannot verify previous analysis of the Company that H33D4 supports the existence of an extensive high grade manganese deposit. However, there is evidence of low grade manganese mineralization hosted by a tectonised sequence of ophiolitic rocks. This mineralization extends for at least 400 metres along strike and is composed of a manganiferous chert approximately 3 metres thick on average. This mineralization is estimated to have a grade of approximately 1.2 - 5.7% and does not present an economical case for exploitation at this time. The Company intends to expand its exploration efforts for manganese and copper on the H33D4 site.About Gryphon ResourcesGryph...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OR PLAN OF OPERATION This quarterly report on Form 10-Q contains "forward-looking statements" relating to the registrant which represent the registrant's current expectations or beliefs including, statements concerning registrant's operations, performance, financial condition and growth. For this purpose, any statement contained in this quarterly report on Form 10-Q that are not statements of historical fact are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "anticipation", "intend", "could", "estimate", or "continue" or the negative or other comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, such as credit losses, dependence on management and key personnel and variability of quarterly results, ability of registrant to continue its growth strategy and competition, certain of which are beyond the registrant's control. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual outcomes and results could differ materially from those indicated in the forward-looking statements. Overview Gryphon Resources, Inc. ("Gryphon", "We", or the "Company") was incorporated in the State of Nevada on January 16, 2006. On April 28, 2008 we incorporated a Turkish company named APM Madencilik Sanayi Ve Ticaret Limited Sirketi. ("APM") as a 99% owned subsidiary. Our financial statements are presented on a consolidated basis and include all accounts of both the Company and its subsidiary. We are a mineral exploration company and are seeking mineral exploration opportunities in Turkey. Since inception the Company has not been involved in any bankruptcy, receivership or similar proceedings nor has it been involved in any reclassi...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OR PLAN OF OPERATION This quarterly report on Form 10-Q contains "forward-looking statements" relating to the registrant which represent the registrant's current expectations or beliefs including, statements concerning registrant's operations, performance, financial condition and growth. For this purpose, any statement contained in this quarterly report on Form 10-Q that are not statements of historical fact are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "anticipation", "intend", "could", "estimate", or "continue" or the negative or other comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, such as credit losses, dependence on management and key personnel and variability of quarterly results, ability of registrant to continue its growth strategy and competition, certain of which are beyond the registrant's control. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual outcomes and results could differ materially from those indicated in the forward-looking statements. Overview Gryphon Resources, Inc. ("Gryphon", "We", or the "Company") was incorporated in the State of Nevada on January 16, 2006. On April 28, 2008 we incorporated a Turkish company named APM Madencilik Sanayi Ve Ticaret Limited Sirketi. ("APM") as a 99% owned subsidiary. Our financial statements are presented on a consolidated basis and include all accounts of both the Company and its subsidiary. We are a mineral exploration company and are seeking mineral exploration opportunities in Turkey. Since inception the Company has not been involved in any bankruptcy, receivership or similar proceedings. Since inception the Comp...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Files SEC form 8-K, Other Events
Item 8.01 Other Events. On February 24, 2009, Gryphon Resources, Inc. (the "Company") announced discovery of a manganese deposit at the H33D4 exploration site of its Turkish subsidiary APM Madencilik Ltd. ("APM"). Initial indications are the tenor ore of the deposit is in the range of 42-54% and appears readily mineable. The Company expects to be able to fully estimate the size of the H33D4 deposit once drilling has commenced, but visual inspection shows approximately 100,000 tons and the Company estimates it may hold up to 10,000,000 tons. Depending on weather conditions, production of 1,000 tons of manganese per month is projected to begin at the latest by the end of spring 2009. It is also projected the next phase of production will increase to 10,000 - 15,000 tons per month. Inspections show the manganese deposit is in surface levels and enrichment is not required. During February APM submitted the mining authorization applications required by Turkey's Mining Works General Management Office and inspection of the manganese deposit is scheduled to be finished by Mining Works staff by the end of February 2009. APM expects to be issued the necessary Production Permissions by early March 2009 and then begin production. Gryphon will now engage a qualified Independent geologist to perform geological analysis of H33D4 and issue an SEC Industry Guide 7 compliant report. The H33D4 exploration site was acquired by APM in April 2008 and comprises a 1375 hectare exploration license. The site is located approximately 180 km due East of Ankara, the capital of Turkey. Infrastructure in the region is suitably developed and road, electricity and water resources can be supplied to the site with some minor preliminary work. Gryphon's main focus has been exploration for copper and will continue its copper exploration initiatives along with its manganese operations. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained in this Fo...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OR PLAN OF OPERATION This quarterly report on Form 10-Q contains "forward-looking statements" relating to the registrant which represent the registrant's current expectations or beliefs including, statements concerning registrant's operations, performance, financial condition and growth. For this purpose, any statement contained in this quarterly report on Form 10-Q that are not statements of historical fact are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "anticipation", "intend", "could", "estimate", or "continue" or the negative or other comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, such as credit losses, dependence on management and key personnel and variability of quarterly results, ability of registrant to continue its growth strategy and competition, certain of which are beyond the registrant's control. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual outcomes and results could differ materially from those indicated in the forward-looking statements. Overview Gryphon Resources, Inc. ("Gryphon", "We", or the "Company") was incorporated in the State of Nevada on January 16, 2006. On April 28, 2008 we incorporated a Turkish company named APM Madencilik Sanayi Ve Ticaret Limited Sirketi. ("APM") as a 99% owned subsidiary. Our financial statements are presented on a consolidated basis and include all accounts of both the Company and its subsidiary. We are a mineral exploration company and are seeking mineral exploration opportunities in Turkey. Since inception the Company has not been involved in any bankruptcy, receivership or similar proceedings. Since inception the Comp...Click here to read the whole Article (external link)
GRYPHON RESOURCES, INC. Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Certain information included herein contains forward-looking statements that involve risks and uncertainties within the meaning of Sections 27A of the Securities Act, as amended; Section 21E of the Securities Exchange Act of 1934. These sections provide that the safe harbor for forward looking statements does not apply to statements made in initial public offerings. The words, such as "may," "would," "could," "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this Form 10-K and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, our directors or our officers, with respect to, among other things: (i) our liquidity and capital resources; (ii) our financing opportunities and plans; (iii) continued development of business opportunities; (iv) market and other trends affecting our future financial condition; (v) our growth and operating strategy. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The factors that might cause such differences include, among others, the following: (i) we have incurred significant losses since our inception; (ii) any material inability to successfully develop our business plans; (iii) any adverse effect or limitations caused by government regulations; (iv) any adverse effect on our ability to obtain acceptable financing; (v) competitive fact...Click here to read the whole Article (external link)
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