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Subsequent Events
9 Months Ended
Sep. 30, 2011
Subsequent Events [Text Block]
10.

Subsequent Events

The Company held an annual meeting on October 28, 2011. At that meeting an amendment to the articles of incorporation of the Company was approved by the shareholders which increased the authorized shares of no par value common stock of the Company from 50 million shares to 200 million shares.

Early in the fourth quarter of 2011, an option agreement was signed with Desert Copper USA Corp. relating to the Niagara and Copper Camp properties. The terms of the agreement with Desert Copper include an option to purchase the properties for $250,000 and 3.5 million shares of Desert Copper Corporation (the parent of Desert Copper USA Corp.). The option period is five years and Desert Copper is required to make annual payments of $20,000 to the Company as well as pay all costs associated with the properties. As a result of the option agreement with Desert Copper, the Company exercised its option with Revett Metals Associates to enter a mining agreement for the Niagara property.