Item 1.01 Entry into a Material Definitive Agreement.
On December 21, 2009, the Company entered into an Equipment Purchase Agreement and Bill of Sale with Mexus Gold International, Inc. (MGI) whereby the Company agreed to purchase the following pieces of mining equipment from MGI for a purchase price of 40,000,000 restricted shares of the Company’s common stock. The equipment will be used in mining operations in Mexico.
Equipment Serial Number
Komatsu Dozer Drill 2NKCLL9X7FM327785
Cone CONEP282S11709
Jaw Crusher JAW P12X361209
Serge Tank PSTF96144
Hydraulic Drum HYDS12YD
Item 3.02 Unregistered Sales of Equity Securities.
On December 21, 2009, the Company entered into an Equipment Purchase Agreement and Bill of Sale with Mexus Gold International, Inc. (MGI) whereby the Company agreed to purchase mining equipment from MGI for a purchase price of 40,000,000 restricted shares of the Company’s common stock. The issuance of securities were deemed to be exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities Act of 1933 as a transaction by an issuer not involving any public offering.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
# Description
10.1 December 21, 2009, the Company entered into an Equipment Purchase Agreement and Bill of Sale with Mexus Gold International, Inc
JAN
2010