Friday, March 10, 2017 1:07:02 PM
The company recieved nothing in return for the option.
Technically they still own shining tree so no transaction has been done.
Now if that Canadian version of a stinky pink can produce an actual 43-101 with a resource then they will get paid something.
But optioning off an asset that isn't truly owned and running a business are 2 different things.
They don't own the asset. They own a mining claim allowing them to work the asset.
You don't need a business to make a mining claim or sell the option to work it.
Recent IGEX News
- Form 8-K - Current report • Edgar (US Regulatory) • 11/20/2023 09:09:59 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM