Note 3 - Related Party

3 Months Ended

Sep. 30, 2012

Notes

Note 3 - Related Party

Note 3 - Related Party

The Company neither owns nor leases any real or personal property.  The company has obtained a mineral rights option agreement.  The officer/director of the Company is retired.  It is possible he could become involved in other business activities as they become available.  This could create a conflict between the Company and his other business interests.  The Company has not formulated a policy for the resolution of such a conflict should one arise.

Loan from shareholder represents a loan from a related party.  As of September 30, 2012 the loan balance is $96,025.  Per the terms of the loan, Mr. Bravo agrees to provide funding to Placer Del Mar, Ltd. in the amount necessary to continue the current Phase One of the company’s business plan. All funds provided to Placer Del Mar by Mr. Bravo are unsecured and he has agreed to forego any penalties or interest should Placer Del Mar be unable to repay any funds provided to the Company.