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Note 10- Subsequent Events
9 Months Ended
Sep. 30, 2012
Notes  
Note 10- Subsequent Events

Note 10- Subsequent Events

 

On October 4, 2012 the Company entered into an agreement to acquire mineral property in British Columbia known as the Kenty Property. Under the terms of the agreement, the Company will acquire a 100% interest in the property for a total purchase price of $1,500,000 in cash and 1,700,000 shares of common stock. The cash and stock will be paid and issued on various dates between the closing date of the agreement and April 4, 2015.

 

On October 11, 2012 the Company issued 315,789 shares of common stock in private placements totalling $30,000.

 

On October 15, 2012 the Company redeemed 35,325,000 shares of common stock at no cost.

 

On November 6, 2012 the Company redeemed 33,800,000 shares of common stock at a total cost of $26,000, as described in note 7c.