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16. Subsequent Events
12 Months Ended
Dec. 31, 2015
Notes  
16. Subsequent Events

16. Subsequent Events

 

On January 29, 2016 the Company purchased a 50% interest in Butte Highlands JV, LLC (“BHJV”) from Timberline Resources Corporation for $225,000 in cash and 3,000,000 restricted shares of the Company’s common stock valued at $210,000 for a total consideration of $435,000. The purchase was made utilizing proceeds from a promissory note at 5% interest rate extended to the Company by President John Swallow (Note 12). Highland Mining, LLC is the other 50% owner of the JV.