Friday, October 17, 2014 6:47:27 AM
The only problem is the amount is wrong on the Bloomberg Article... it is $125k not $12.5M... Not a huge amount, but it is income...
http://biz.yahoo.com/e/140508/ggsm8-k.html
I found this under the release for Gold and Gemstone Mining Inc. It was released as stated on 8-May-2014, it is strange that we did not see it here or anywhere else...
Form 8-K for GOLD & GEMSTONE MINING INC.
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8-May-2014
Entry into a Material Definitive Agreement, Change in Directors or Pr
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On April 28th, 2014, the Company entered into Agreement with Chancery Mining Canada Ltd to acquire all assets and liabilities including mining operations in Mexico, for a value of $125.000,00 payable on a Promissory note executed March 31st 2014 and due on March 31st 2015 with an interest rate of 10% annual. The board of directors approved on April 28th 2014 the resolution to acquire all liabilities and assets from Chancery Mining and further approval to open operations in Mexico. No increased Option rights, no other elements of the Original Agreement were changed or affected.
9.01 EXHIBITS.
NONE
ITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On May 8, 2014, Ivan Mondragon was appointed Director Operations in Mexico and Vice President of Exploration.
It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.
Ron Lewis
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