Replies to post #4612 on Petro USA Inc (PBAJ)

[Aerobleu]

From the 10Q, period ending Sept 30, 2010:

8. Termination of purchase of Goldleaf Gold interests
On August 6, 2010, the Company acquired mineral interests belonging to Goldleaf Exploration, LLC. However, there was a provision allowing for the obligations of the agreement to be terminated in the event of a major change in ownership of the Company. The acquisition and subsequent transfer was such a transaction and management is in the process of formalizing the termination. This formal termination should occur in the Company’s second quarter ended, December 31, 2010. These financial statements reflect the termination of this agreement.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7532533