"Upon execution of the Agreement, we paid NMP $20,000 and reimbursed them $7,065 in claim fees and property holding costs. In addition, the Company paid NMP $20,000 on May 1, 2012. As a result of the Property not containing any known resources or reserves, the Company has written down its property option payments in aggregate of $40,000 in the statements of operations and comprehensive loss at April 30, 2013."