7. Common Shares

9 Months Ended

Jun. 30, 2017

Notes

7. Common Shares

7.     Common Shares

The Company’s authorized common stock consists of 500,000,000 shares of common stock, with par value of $0.001.

(a)     On November 8, 2016, the Company issued 2,000,000 shares of common stock with a fair value of $600,000 to remove the net smelter return of the Nye County properties. Refer to Note 3.

(b)    On January 31, 2017, the Company issued 300,000 shares of common stock with a fair value of $87,000 for consulting services.

(c)     On February 8, 2017, the Company issued 400,000 shares of common stock with a fair value of $96,000 to settle outstanding accounts payable of $60,000 resulting in a $36,000 loss on settlement of debt.

(d)    On February 16, 2017, the Company received 2,000,000 common shares which were cancelled and returned to treasury. Refer to Note 7.

(e)     On February 16, 2017, the Company issued 500,000 common shares with a fair value of $130,000 for services.

(f)      On February 23, 2017, the Company issued 300,000 common shares with a fair value of $75,000 for legal services.

(g)    On February 24, 2017, the Company received 636,943 common shares which were cancelled and returned to treasury. Refer to Note 3.