"The Company is delighted to have grown rapidly into a very substantial owner of Gold Mining & Exploration properties; particularly given the extremely positive outlook and forecasts for the price of Gold.
The Company has now, in the opinion of its Management, achieved the critical mass required to expedite its financing plans for the funding of an aggressive exploration policy.
The purchase consideration was settled through the issue of restricted shares of the Common Stock.
Company's Gold Mining assets now increased in size in excess of 1,000%
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