ICBS Limited (ICBT)

[brightguy]

The 2 important facts from the S1


USE OF PROCEEDS

We will not receive any proceeds from the resale of the shares of our common stock by the selling stockholders.




Accordingly, to date we have paid, by cash or promissory note, approximately CAD31,000 to acquire, and in some cases re-acquire, our mining claims. In order for us to comply with the requirement to spend at least CAD1,200 per claim on exploration costs, we will be required to spend at least an additional CAD198,000 in the aggregate on exploration costs with respect to our 165 current mining claims


So their total investment for claims is 31k cad and they need to spend a additional cad 198,000 to maintain these claims
GOOD LUCK!!