Followers | 397 |
Posts | 15371 |
Boards Moderated | 1 |
Alias Born | 10/08/2009 |
Monday, March 20, 2017 10:10:36 PM
SUPPLEMENTAL INFORMATION Item 1.01-Entry Material Agreement
Agreement to Acquire Three Subsidiaries Owning Past Producing Mines
On February 27, 2017, the Company entered into an Omnibus Exchange Agreement to acquire three subsidiaries by share exchange with Hondo Minerals Corp and the Bauman family: (1) Nevada Goldfield LLC - from Hondo Minerals, {2) Golden Gem Mines LLC - from Hondo Minerals and the Bauman family and (3) Hercules Mines LLC - from the Bauman family. The Agreement is subject to customary closing conditions and provides for multiple closings.
Nevada Goldfield LLC owns mineral rights to the Montezuma Stonewall group of patented mining claims (60 acres) located 10 miles south of Goldfield, Nevada.
Golden Gem Mines ILC owns mineral rights to 242 acres of patented mining claims in and about Chloride, Arizona, which is 15 miles northwest of Kingman. This includes four (4) mines that produced gold, silver, lead and zinc. They are the Towne, Summit, Golden Gem and Daisy Twin Mines, Golden Gem Mines ILC also owns mineral rights to three unpatented mining claims at Oatman, Arizona, including the Tom Reed Jr. Mine, which was last worked by Fischer Watt in the 1980's.
Hercules Mines LLC owns mineral rights to 250 acres of patented mining claims at chloride, Arizona, including four (4)mines that produced gold, silver, lead and zinc. They are the Hercules, Badger, Rambler and Payroll Mines.
In exchange for these three subsidiaries, Hondo Minerals Corporation will receive 40,000,000 restricted shares of Bonanza Goldfield common stock. These shares will be held by Hondo for at least one year and then, following receipt of all necessary regulatory approvals, Hondo intends to distribute the shares to its shareholders as a special distribution. The Bauman family will receive 500,000 restricted shares of Series B Preferred Stock. These shares are non-dilutive, as they cannot be converted into common stock for a year, and then are convertible at 100% of market value at that time.
Item 9- Exhibits 1.01 Share Exchange Agreement dated February 27,2017 3,01 Certificate of Designation -Series B Preferred Stock
Dated: Las Vegas, Nevada March 21, 2017
http://www.otcmarkets.com/stock/BONZ/filings
Recent MVNC News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 04:10:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 03:19:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 03:16:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 02:32:38 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 12:05:36 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM