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NATURE OF OPERATIONS
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE 1 – NATURE OF OPERATIONS

Lone Star Gold, Inc. (the “Company” or “Lone Star”), formerly known as Keyser Resources, Inc., was incorporated in the State of Nevada on November 26, 2007.

 

The Company was involved in the exploration and development of mining properties until September 30, 2013 when it discontinued operations.  In 2017, the Company was put into receivership and in 2018, it emerged from receivership.

 

On February 6, 2019, the Company transferred 12,000,000 shares of its Series “A” preferred stock to S. Mark Spoone in consideration for the acquisition of Spoone’s trademarks and intellectual property, which included all rights and trade secrets to the hemp-derived CBD-infused line of consumer beverages sold under the “Good Hemp” brand. Since then, the Company has been conducting operations under the “Good Hemp” trade name.