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10. Equity
 3 Months Ended
Mar. 31, 2016
Notes  
10. Equity

10.   Equity

 

Common Stock issued for Property

In the first quarter of 2016, 3,000,000 restricted shares of the Company’s common stock was issued to Timberline Resources in conjunction with the Company’s purchase of Timberline’s 50% interest in Butte Highlands JV (note 4). No shares of common stock were issued in 2015.

 

Stock Purchase Warrants Outstanding

No transactions in common stock purchase warrants occurred during the period ended March 31, 2016. The balance in stock purchase warrants is as follows:

 

 

 

 

Number of Warrants

 

Exercise Prices

Balance December 31, 2014

 

21,200,000

$

0.10-0.20

Expired May 31, 2015

 

11,000,000

 

0.15

Balance December 31, 2015 and March 31, 2016

 

10,200,000

 

0.10-0.20

 

 

These warrants expire as follows:

 

 

Shares

Exercise Price

Expiration Date

3,000,000

$0.15

March 4, 2017

6,000,000

$0.20

August 11, 2017

1,200,000

$0.10

August 11, 2019