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Related Party Transactions
 9 Months Ended
Sep. 30, 2012
Related Party Transactions [Text Block]
9.

Related Party Transactions

 

During the nine months ended September 30, 2012, the Company granted 900,000 shares of common stock to directors and officers in lieu of executive compensation.

   
 

During the nine months ended September 30, 2012, the Company reimbursed an officer $1,800 per month for a residential lease in Wichita, Kansas. The Company also reimbursed the officer approximately $12,667 in connection with meals and groceries during the nine months ended September 30, 2012.

   
 

During the nine months ended September 30, 2012, an officer/director loaned the company $39,200 for the purchase of mineral properties.