But, was the agreement ever consummated? Entering into an agreement is one thing, having it actually come to pass is another.
Assuming (a) that the Western Transaction is consummated
ITEM 8.01 OTHER EVENTS
On August 12, 2010 the Company entered into an agreement with Western Diversified Mining Resources, Inc. ("Western") pursuant to which the Company agreed to acquire Western's 23.22% shareholding in Bouse Gold, Inc. and Western's 46.84% shareholding in South Copperstone, Inc. for 12,096,115 shares of the Company's Series A Preferred Stock and 29,334,212 shares of the Company's Series B Preferred Stock (the "Western Transaction"). Mr. Ronald Yadin Lowenthal is the Company's President and its sole director.