v2.4.0.8
11) Subsequent Events
9 Months Ended
Sep. 30, 2013
Notes  
11) Subsequent Events

11)       SUBSEQUENT EVENTS

 

The Company has entered into an agreement to purchase 20% of Santa Ema Mining, LLC on or about 10 October 2013, in exchange for payments of $35,000 per month to end December 2013. Santa Ema Mining, L.L.C. Santa Ema Mining, L.L.C. is expected to acquire and operate metal mines. To date the company has paid $159,000 in consideration of this agreement.

 

The Company underwent a reverse split of 1:500 of its common shares outstanding shares, effective as of November 1, 2013. As of November 6, 2013, the Company has 10,000,000 authorized shares and 7,734,011 issued and outstanding.

 

During the period from October 1, 2013 to November 6, 2013, the Company issued 785,527,611 common shares, unadjusted, 1,571,055 split adjusted, to five investors from conversions from convertible instruments.

 

On or about October 2013, the Company purchased the interest in La Plateada, L.L.C for convertible debentures from the Company, in the amount of $1,500,000 bearing a 5% interest and convertible at 60% average of the three preceding lowest bids. La Plateada, L.L.C. is a holding company that contains an option to purchase the La Plateada mining project.