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3. Related Party Transactions
9 Months Ended
Sep. 30, 2015
Notes  
3. Related Party Transactions

3.  Related Party Transactions

 

In August 2012, the Company entered into a note by Mine Systems Design (MSD), a company controlled by our former Chief Executive Officer, to purchase property for $223,806 at 12% interest to be paid in 60 monthly payments. At September 30, 2015 and 2014, the remaining amount due was $151,324 and $189,549, respectively. In the first nine months of 2015 and 2014 $15,093 and $18,367, respectively was paid in interest.