US Gold Corp (USAU)

[comstockplaya]

Found this tidbit in the BESE 10-Q dated 11-22-10. USAU is issuing shares to BESE at $0.001/share. BESE also states that one John Perez is still the corporate PR guy. Not bad since BESE hasn't put out any PR except the pump and dump since perez took on the assignment.

So, BESE gets shares from a delisted company whose president, perez, took the company into delisting, and he's still working for BESE. This is like making love to your sister while your parents watch and applaud. What a bunch of freaks.


As of September 24, 2010, USA Uranium Corp ("USAU") was in default of its exploration work requirement under its option agreement with Beeston. Subsequent to the default, the company entered in discussions with USAU regarding its default as well as its inability to cover the on-going property maintenance costs as required under its option agreement with Beeston and what efforts or other consideration, if any, USAU was willing to undertake or provide as a result thereof. On October 26, 2010 the Company and USAU entered into an agreement pursuant to which the parties agreed to the issue of shares of the common stock of USUA to Beeston in satisfaction and settlement of the default and the
outstanding debt. USAU is to issue 26, 956,120 common shares in satisfaction of the exploration work for which it was in default and a further 23,043,880 common shares in settlement of its outstanding debt for the payment of on-going property maintenance payments made on its behalf by Beeston. The parties also agreed to reduce the number of mining claims covered by the option agreement between them in consideration of USAU agreeing to issue 75,000,000 common shares to Beeston.