Alaska Gold Corp. (fka AKGC)

[ash111]

AKGC interesting developments: transactions at 10 cents,http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8595421
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8595455

PER LAST 10Q; 4.7M ASSETS ,1.5M LIABILITIES VS ONLY 250K MARKET CAP a/o Apr 22, 2013

Interesting Purchase and Sale Agreement:

During the period ended November 30, 2011 we entered into a Purchase and Sale Agreement (the “Agreement”), dated effective September 14,
2011, with Pinette (Proprietary) Limited (“Pinette”), a company incorporated under the laws of the Republic of Botswana and Marc Paul
Lindsay, the principal and a 50% indirect beneficial shareholder of Pinette. The Agreement provides for the acquisition by our Company from
Pinette of three mineral exploration licenses in northwest Botswana totalling 1872.7 square kilometers (the “Licenses”).
Pursuant to the terms of the Agreement, the consideration to be paid by our Company to Pinette for the Licenses shall consist of a cash
payment of CDN$100,000 ( US$98,000) together with 250,000 shares of our Company's common stock, payable as: (i) a refundable deposit of
CDN$50,000 ( US$49,000) payable within 10 business days of execution of the Agreement ( paid); (ii) CDN$50,000 US$49,000) payable on
Closing (which shall be October 15, 2011 unless otherwise agreed to by the parties. The parties agreed to extend the Closing Date to February
15, 2012 to allow adequate time to obtain regulatory approvals. The parties further agreed to extend the Closing Date to May 31, 2012.); and
(iii) 250,000 common shares of the Company to be issued to Pinette on Closing. As of February 29, 2012, the Company has paid US$50,000 in
cash payment for the refundable deposit.

52 wk.range: 0.28 - 0.0032