6. Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

6. Stockholders' Equity

Common Stock

The Company is authorized to issue 70,000,000 shares of common stock with a par value of $0.001 per share. As of December 31, 2016 the Company had a total of 37,965,000 shares issued and outstanding. The following provides information for the shares of restricted and unregistered shares of common stock that we issued from January 1, 2015 through December 31, 2016.

In January of 2016 the Company issued 1,000,000 shares of restricted and unregistered common stock at $0.13 per share for the acquisition of mining equipment for total consideration of $128,571.

In January of 2016 the Company issued 75,000 shares of restricted and unregistered common stock at $0.13 per share for director compensation totaling $9,643.

In January of 2016 the Company issued 350,000 shares of restricted and unregistered common stock at $0.13 per share for consulting fees totaling $45,000.

In March 2015, the Company issued 20,000,000 founders’ shares of common stock to its current officer and director and an additional significant shareholder and service provider for total consideration of $20,000.

In May of 2015 the Company issued 30,000 shares of restricted and unregistered common stock at $0.20 per share for cash proceeds totaling $6,000.

In May of 2015 the Company issued 400,000 shares of restricted and unregistered common stock at $0.20 per share for the acquisition of the Kibby Flats Mineral Property for total consideration of $80,000.

In June of 2015 the Company issued 10,000 shares of restricted and unregistered common stock at $0.20 per share for cash proceeds totaling $2,000.

In June of 2015 the Company issued 100,000 shares of restricted and unregistered common stock at $0.10 per share for cash proceeds totaling $10,000.

In November of 2015 the Company issued 6,000,000 shares of restricted and unregistered common stock at $0.13 per share for the acquisition of the QR Claims 1-50 and mining equipment for total consideration of $771,429.