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Note 3. Related Party Transactions
4 Months Ended
May 31, 2012
Notes  
Note 3. Related Party Transactions

Note 3. RELATED PARTY TRANSACTIONS

 

During the period January 25, 2012 (date of formation of Placer) to May 31, 2012 the Company issued 100,000,000 shares to its primary shareholder as consideration for mining claims contributed to the Company.  The Company also purchased the Golden Eagle $2 site (702.3 acres) for consideration of $601,000 from the Company president.  The Company also issued 27,100,000 shares to officers and directors who formed Placer.  One the Company's directors paid cash ($120,000) for 6,000,000 shares of Company stock.