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Mineral Property Interests
12 Months Ended
Jun. 30, 2015
Extractive Industries [Abstract]  
Mineral Property Interests

NOTE 4 – MINERAL PROPERTY INTERESTS

 

On December 11, 2013, the Company entered into a sale agreement with Yinfu Gold Corp. (“Yinfu”) to acquire 70% interest in three gold exploration claims located in Xinjian Province, the PRC. The Company issued 6,000,000 shares of restricted common stock at $0.20 per share to the wholly owned subsidiary of Yinfu in payment of $1,200,000 for the acquisition.

 

On January 19, 2015, the Company and Yinfu reached a mutual agreement to terminate the acquisition of the 70% interest in the three gold exploration claims in the PRC. All 6,000,000 shares of restricted common stock were returned and cancelled at the current market value of $0.10 per share and an investment loss of $600,000 was resulted.

 

As of June 30, 2015, the Company does not hold any mineral property exploration claims.