GMXS-Effective January 19, 2012, we issued 110,000,000 restricted shares of our common stock, at a deemed price of $0.001 per share, pursuant to a debt settlement with Minera Primecap S.A., in settlement of previously provided loans and advances and accrued management fees in the amount of US$110,000 that had been provided by Minera Primecap S.A.