Tuesday, September 19, 2017 4:00:00 PM
Balance, December 31, 2016 409,143,765 $ 16,732,,397
(i) 30,000,000 common shares of the Company were issued into escrow which were to be awarded to Indexa Corp., the vendor of
the investment in Lascogon, upon the declaration of commerciality of the mining project as full and final consideration for the investment. As
the commerciality of Lascogon was considered to be remote, no value was assigned to the shares (2015: $Nil; 2014: $Nil). On January 18,
2016 a settlement was reached whereby the shares were cancelled and
returned to treasury for a payment of $36,000 to Indexa Corp.
No preferred shares have been issued since the Company’s inception
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