XML 19 R8.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS	6 Months Ended
Jun. 30, 2015
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 2 - RELATED PARTY TRANSACTIONS As of June 30, 2015, the amount due from Silver Falcon was $159,489, , the amount due to Pierre Quilliam was $48,921, the amount due from Palmirs, Inc., a wholly-owned subsidiary of Silver Falcon, was $27,180 and the amount due from Bisell Investments, LLC was $19,750 The amounts are non-interest bearing, unsecured demand loans. As of June 30, 2015 the company was indebted to Paul Parliament in the amount of $197,855. Subsequent to this period Mr Parliament had his debt converted to common stock. Silver Falcon is obligated to pay Goldland $83,333 per month as rent under a mining lease. Instead of paying the rent in cash, Silver Falcon has, since January 1, 2012, issued shares of its common stock to pay compensation expenses of our officers and independent contractors. No payment has been received since December 31, 2013. Demand has been made upon Silver Falcon to make all payments due.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2015

NOTE 2 - RELATED PARTY TRANSACTIONS

As of June 30, 2015, the amount due from Silver Falcon was $159,489, , the amount due to Pierre Quilliam was $48,921, the amount due from Palmirs, Inc., a wholly-owned subsidiary of Silver Falcon, was $27,180 and the amount due from Bisell Investments, LLC was $19,750 The amounts are non-interest bearing, unsecured demand loans.

As of June 30, 2015 the company was indebted to Paul Parliament in the amount of $197,855. Subsequent to this period Mr Parliament had his debt converted to common stock.

Silver Falcon is obligated to pay Goldland $83,333 per month as rent under a mining lease. Instead of paying the rent in cash, Silver Falcon has, since January 1, 2012, issued shares of its common stock to pay compensation expenses of our officers and independent contractors. No payment has been received since December 31, 2013. Demand has been made upon Silver Falcon to make all payments due.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details