Hartcourt Companies (fka HRCT)

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'In September 1996, the Company, through separate transactions with Mandarin Overseas Investment Co., Ltd. ("Mandarin") and Promed International, Ltd. ("Promed"), acquired an undivided 50% interest in a total of 68 (34 from
each transaction) mineral lease gold lode claims, consisting of 160 acres each, all located in the Melozitna mining district near Tanana, Alaska, some 300 air-kilometers west of the City of Fairbanks, Alaska."