000-54254
(Commission File No.)
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27-3051592
(IRS Employer Identification No.)
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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Item 3.02
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Unregistered Sales of Equity Securities
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(1)
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See Item 8.01(a) Below
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Item 8.01
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Other Events
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(a)
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On January 15, 2013, the Company’s Board of Directors an incentive stock plan for the Company’s CEO and CFO. Under the plan each would be entitled to the following stock grants upon the completion of the related incentive:
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20,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 500 grams of gold from its operations in Peru and/or Suriname.
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20,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 1,000 grams of gold from its operations in Peru and/or Suriname.
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20,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 1,500 grams of gold from its operations in Peru and/or Suriname.
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20,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 2,000 grams of gold from its operations in Peru and/or Suriname.
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20,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 2,500 grams of gold from its operations in Peru and/or Suriname.
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50,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 10,000 grams of gold from its operations in Peru and/or Suriname.
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50,000,000 shares of Class A Common Stock shall be issued upon the Company recovering a total of 20,000 grams of gold from its operations in Peru and/or Suriname.
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5,000,000 shares of Class A Common Stock shall be issued upon the Company executing the environmental impact study for its mining property Gorilla.
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5,000,000 shares of Class A Common Stock shall be issued upon the Company executing the environmental impact study for its mining property Graystone 2.
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5,000,000 shares of Class A Common Stock shall be issued upon the Company executing the environmental impact study for its mining property Gorilla.
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1,500,000 shares of Class A Common Stock shall be issued upon the Company on January 16, 2013 for satisfying the initial requirements under the LOI/MOU for the Suriname joint venture.
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(b)
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The Company has satisfied the initial terms of the LOI/MOU for its Suriname joint venture project and the Company has closed on the transaction.
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