The Company is actively seeking financing in the amount of $1,000,000 to fully execute the next phase of the Company’s exploration campaign, and the Company’s detailed plan for drilling the Rimrock Property plus any future acquisitions.
In addition, the Company is preparing a detailed exploration plan to advance the Silver Cloud property.
Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company’s authorized capital.
The Company is optimistic that the financing will be secured and our going concern risk will be removed.
We believe we can satisfy our cash requirements for the next twelve months with our cash balances and if needed an additional loan from our officer and director, Jordan Starkman.
FORM 10-Q For the quarterly period ended February 28, 2015
As of April 20, 2015
1,900,000,000 shares authorized
110,725,566 shares issued and outstanding
$0.001 par value
On January 28, 2015, the Company’s Board of Directors approved the amendment to Articles of Incorporation to increase authorized capital to 1,900,000,000 shares of common stock with a par value of $0.001
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