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9. Equity
 9 Months Ended
Sep. 30, 2016
Notes  
9. Equity

9. Equity

 

Common Stock

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). In the third quarter of 2016 the Company issued 175,760 restricted shares of the Company’s common stock to outstanding shareholders of GF&H company as part of the acquisition of and dissolution of GF&H company (Note 14). No shares of common stock were issued in the first nine months of 2015.

 

Stock Purchase Warrants Outstanding

No transactions in common stock purchase warrants occurred during the nine month period ended September 30, 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 September 30, 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