posted on
Apr 16, 2014 11:40AM
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Welcome to the Silver Falcon Mining HUB on AGORACOM
(Edit this Message from the "Fast Facts" Section)

Message: Re: 10-K
Also, beginning January 1, 2012, we began to make monthly payments of $83,333 to GoldLand under our lease of its mining interests on War Eagle Mountain. We pay the monthly liability to Goldland by issuing shares of our Class A Common Stock to GoldLand employees for compensation on behalf of GoldLand, and applying the value of the shares against our liability to GoldLand.
$83,333 x 12 = $999,996 That is about 1/3 the yearly debt.
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