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Subsequent Events
3 Months Ended
Jul. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events
Note 13. Subsequent Events

Subsequent to July 31, 2012, we formally notified NSRS of their default under the terms of the Earn-In Agreement due to their failure to pay us $500,000 on or before July 31, 2012. Following NSRS's default under the Earn-In Agreement by failing to pay us $500,000 on or before July 31, 2012, NSRS retains a 5% interest in DGG's option to acquire the exclusive rights to explore the Edum Banso gold project for the $250,000 cash it has paid to date. However, the remaining 5% of DGG's option to acquire the exclusive rights to explore the Edum Banso gold project that NRSR was entitled to acquire if it has paid the remaining balance of $1 million on a timely basis, automatically reverted back to DGG. Moreover, NSRS is deemed to have forfeited its right to make the remaining $1 million cash payments required to acquire this additional 5% interest in DGG's option to acquire the exclusive rights to explore the Edum Banso gold project. This increased our ownership of the option to acquire the exclusive rights to explore the Edum Banso gold project from 65% to 70%.

On August 17, 2012, Dean Huge resigned as our Chief Financial Officer, Treasurer, Secretary and Director. His resignation was for personal reasons and is not in connection with any known disagreement with us on any matter

On August 17, 2012, we issued an aggregate of 606,611 shares of our common stock as follows:

Number of Shares Issued
 
Issued to
Description
       
  150,000  
D. Huge - CFO
Compensation
  400,000  
S. Flechner - CEO
Compensation
  48,611  
D. Ocasio - legal counsel
Legal fees
  8,000  
Randall Newton
Accounting fees
         
  606,611      

In connection with the foregoing, we relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended for transactions not involving a public offering.

On August 20, 2012, our Board of Directors appointed Mr. David Cutler as our new Chief Financial Officer, Treasurer, Secretary and Director.
On August 22, 2012 we received $35,000 under a related party promissory note to Mr. Steven Ross, who is the sibling of Mr. Donald Ross, our largest shareholder and one of our directors. Mr. Steven Ross' promissory note is not secured by any of our assets; interest accrues at 10% per annum and is due on demand.

On September 7, 2012 we received a further $50,000 under a related party promissory note to Mr. Steven Ross, who is the sibling of Mr. Donald Ross, our largest shareholder and one of our directors. Mr. Steven Ross' promissory note is not secured by any of our assets; interest accrues at 10% per annum and is due on demand.

On September 7, 2012, we extended the repayment term on our $100,000 unsecured convertible promissory note with Mr. Donald Ross, our largest shareholder and a director of ours, from September 14, 2012 to September 14, 2013.
Also on September 7, 2012, we announced that based upon the latest management analysis and discussion of the available historic exploration data from the Edum Banso Gold Project in Ghana, we have determined to focus the next phase of exploration programs on two gold targets selected out of the six targets previously identified at the site .

We have evaluated subsequent events through September 19, 2012. Other than those set out above, there have been no subsequent events after July 31, 2012 for which disclosure is required.