ENTI (.0001): National Properties Trust did enter into a definitive agreement with Osceola Gold Inc., a Colorado corporation, on or about May 1, 2015; whereby, Osceola Gold will succeed a merger with NPT. The transaction should be concluded, following NPT's current notification to FINRA, and is expected to become effective on or about May 22, 2015.
Osceola Gold is the holder of that certain (MAV 5 G) claim grouping in the Osceola Mining District located in White Pine County (Baker), Nevada, which district has demonstrated proven reserves and production from its various claim holders since the district's founding, circa 1872. The Osceola Mining District is probably the richest in placer gold production of all of Nevada's gold and precious metals mining districts. The primary minerals that have been excavated in the Osceola Mining District have been gold and tungsten. The Osceola Mining District remains rich in gold and trace minerals. The claims immediately adjacent to Osceola Gold's claim are currently operated by North America's largest mining companies; among them, Barrick and Kennecott.
Osceola Gold is expected to begin mining its claim following the requisite notifications to the Bureau of Land Management, and will be mining its claim using traditional, non-chemical processes. Osceola Gold will be mining the MAV 5 G gold claim in accordance with a lease with Pizz Inc. Osceola Gold, in conjunction with its lease arrangement with Pizz, possesses the option to acquire adjacent claims, following its initial development and excavation of its current proven claim.
All of the senior executive management of Pizz and Osceola Gold are experienced in mining and activities and corporate management.
