Wednesday, November 18, 2015 4:19:14 PM
On October 1, 2010, Andes Gold Corporation entered into an agreement for the exchange of shares with New World Gold Corporation, whereby the New World Gold Corporation acquired a 54% controlling interest in the Issuer, and Andes Gold Corporation acquired a 20.57% interest, in New World Gold Corporation. As a result, Andes Gold Corporation became a majority-owned subsidiary of New World Gold Corporation. As of September 30, 2015, New World Gold Corporation holds controlling interest in Andes Gold Corporation through ownership of the voting preferred stock and common stock.
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