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Related Party Transactions
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6 Months Ended | |||
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Jun. 30, 2012
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| Related Party Transactions |
During the six months ended June 30, 2012 and the year ended December 31, 2011, the Company granted 900,000 and 600,000 shares , respectively, to directors and officers in lieu of executive compensation.
During the period from August to December of 2011, the Company reimbursed an officer $1,800 per month for a residential lease in Wichita, Kansas. The Company also reimbursed the officer approximately $8,700 in connection with meals and groceries during the same period and $12,667 during the six months ended June 30, 2012.
During the six months ended June 30, 2012, an officer/director loaned the company $39,200 for the purchase of mineral properties. |