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Friday, 10/10/2008 3:37:45 PM

Friday, October 10, 2008 3:37:45 PM

Post# of 221987
Bold.I guess we will see another run???Will see.
ITEM 8.01 OTHER EVENTS
The Company confirms that it has reached an agreement with its Lender whereby funds will be advanced to the Company to meet ongoing costs and to pay for costs in respect of the distribution of the Extraordinary Dividend.
The Lender has agreed that these loans will be of an unsecured long term nature and that he will no longer require the Company to settle loans advanced through the transfer of shares held by the Company in Hunt Gold Corporation (HGLC.PK) Common Stock.
The Lender has agreed with the Company's Management that the Company must retain their shares in Hunt Gold Corporation (HGLC.PK) Common Stock primarily to make the Company a more attractive candidate for a Reverse Merger in the future and because of the inherent value of these shares in Hunt Gold Corporation (HGLC.PK) Common Stock.
The Lender now concurs with the Company's Management that the protection of stockholder interests is of paramount importance and that stockholder interests should; and indeed must come before those of Lender, in these bleak and turbulent times.



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