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13. Investment in Marketable Security
 12 Months Ended
Dec. 31, 2014
Notes  
13. Investment in Marketable Security

13.  Investment in Marketable Security

 

In 2006, the Company purchased 1,875,000 common shares of Gold Crest Mines Inc for $7,500. 907,820 of these shares were sold prior to 2013.

 

At December 31, 2013, the Company held 967,180 of these shares with a market value of $0.01 per share, for a total fair value of $9,672. At December 31, 2013, the excess market value of $5,803 over the $3,869 cost basis of the shares was recognized as accumulated other comprehensive income in the equity section of the Company’s balance sheet.

 

In 2014 these shares were sold for $28,610, the $24,741 over the remaining cost of $3,869 was recorded as a gain on the sale of marketable equity security. No shares remained at December 31, 2014