North Bay Resources Inc (NBRI)

[WhiteNOC]

Cute drafting. I like how the 8-K text tries to describe it as if it were a production contract with an advance payment when the agreement itself (if you can call anything that is so non-specific an agreement) makes it clear that it is, at its core, a financing arrangement and loan with some option to purchase gold in the future. Blacking out the investor's name is an SEC no-no, too -- you are only supposed to do that if you also file a confidential treatment request for the omitted information.

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