RemSleep Holdings Inc (RMSL)

[74stingray]

This SCAM is done, lol...I'm Shocked


From filings

On August 21, 2013, we announced an Agreement with Eureka Mining LLC, for the purchase of its Cracker Creek gold mining operation located in Sumpter Oregon known as the "Cracker Creek Mine," consisting of approximately 19 acres designated as T9S R37E, Sec 29B, Baker County, Oregon. The total buyout of $6.5 million for the Cracker Creek mine was to take place with Kat Gold Holdings making five equal payments over a 24 month period with first payment due on or before November 12, 2013. This agreement has since been terminated

As of the date of this Annual Report, we have not generated any revenues but we have incurred expenses related to the drilling and exploration of Handcamp as well as our property in Ghana. We have no material income and/or assets other than Handcamp, Rusty Ridge, Collier’s, South Lucky and Ekom Eya, and have cumulative losses from inception through September 30, 2013 of approximately $150,602,361. Kat Gold Holding would like to inform shareholders that the North Lucky claim is no longer a part of our portfolio. The claim has been dropped and returned to the Crown Lands department.

Irrespective of any interest shown by such a company, if any, we do not anticipate that our own activities with respect to Handcamp, Rusty Ridge, Collier’s or South Lucky will extend beyond conducting a preliminary feasibility study, where such a study is defined as having (i) established that a particular mining project appears viable, and (ii) concluded that an effective method of mineral processing can be adopted and is reasonably likely, in the reasonable opinion of a qualified person, to lead to the determination that all or a part of the mineral resource can be classified as a mineral reserve.

We carried out Phase I on Handcamp, the initial phase of exploratory drilling, during the summer of 2010. We have had the core samples obtained thereby analyzed. Based upon that review, management is cautiously optimistic about the results and is currently in the process of determining our next steps. However, as discussed elsewhere herein, management presently plans to concentrate on the development of Ekom Eya.

Liquidity and Capital Resources
We had a cash balance of $-11 as of the date of September 30, 2013.