Thursday, April 23, 2015 9:08:21 PM
? under terms of a previously announced joint-venture agreement, Huiracocha International Service
assumed responsibility for management and production expense of the Company’s interest with
Minera Aurifera Nueva “La Joya,” Ltda mining concession. A delay in the start of this agreement
was experienced. While operations were previously projected to begin in Quarter IV, 2014, that
has not yet happened.
? in June 2013, the Company announced having reached an agreement for the return of Franklin Oil
and Gas, Inc.
o to be renamed and operated as the Company’s Energy Division, Franklin Oil and
Gas will explore new energy-based opportunities throughout South America on behalf of
major international oil and gas production companies.
o terms of the agreement have not yet been disclosed.
o this acquisition did not have a material impact on the Company’s 2014 financial results.
o it is not anticipated that this acquisition will have a material impact on the Company’s
First Quarter 2015 financial results.
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