Copied from my Aug 19, 2013 post. More Novamex dd

On March 27, 2009, the Company entered into a Preliminary Mineral Exploration Agreement with Omar Alejandro Flores Madrigal for a 100% interest in the Cinco Minas and Gran Cabrera Gold properties and mineral concessions in Mexico for a total purchase price of $7,500,000 USD. On March 30, 2009, the Company paid a deposit of $5,000,000 for the properties by issuing a total of 800,000,000 restricted shares at $.00625 to Comercalizadora, Servicios Y Distribuidora Track, S.A. DE C.V. (400,000,000 shares) and to Omar Alejandro Flores Madrigal, Principal Officer, (400,000,000 shares). On April 6, 2009, the 800,000,000 shares were assigned to Novamex Mineral S.A.. On December 10, 2010, the mineral exploration agreement was finalized with the purchase price for the assets comprising the mineral concessions "Gran Cabrera" was $2,500,000 and "Cinco Minas" was $5,000,000. As of August 31, 2012, the total purchase price has been paid in full and $2,257,914 has been incurred for exploration and development costs. Also, see Question 3 below.

https://www.otciq.com/otciq/ajax/showFinancia...f?id=96742