So I'm going to speculate a little...

From our MD&A September 28

Beaverdell Gold/Silver Property, B.C.

The Company owns a 100% interest in the Beaverdell Gold/Silver Property located in south central British

Columbia. The Company has granted to Intigold Mines Ltd. (“Intigold”) options to acquire up to a 70% interest in

the Beaverdell Gold/Silver Property. Under the terms of the agreement, Intigold can acquire an initial 51%

interest in the Property in consideration of incurring $600,000 in exploration expenditures on the Property, issuing

400,000 common shares of Intigold to the Company and making cash payments of $50,000 to the Company over

a three-year period. In addition, Intigold can elect to earn a further 19% interest in the Property by incurring an

additional $1,500,000 in exploration expenditures, issuing an additional 600,000 common shares of Intigold to the

Company and making additional cash payments of $200,000 to the Company.

On January 15, 2010, an amended agreement was made between the Company and Intigold. The Company, in

consideration of the sum of $10, granted to Intigold the exclusive right and option to acquire a 100% interest in

the Property, subject to a 1.5% NSR, by paying to the Company $250,000 in cash, issuing to the Company

400,000 common shares of Intigold, and by incurring $1,000,000 in exploration expenditures, to be paid and

issued to the Company and to be incurred by Intigold as follows:

i) paying to the Company on the following basis:

- $5,000 within 5 business days of the date (“Effective Date”) of the execution and delivery of the agreement;

- $10,000 within 10 days of the date (“Listing Date”) the common shares of Intigold are listed, posted and called

for trading on the Exchange;

- $15,000 on or before the first anniversary of the Listing Date;

- $70,000 on or before the second anniversary of the Listing Date;

- $150,000 on or before the third anniversary of the Listing Date;

ii) issuing to the Company the common share of Intigold on the following basis:

-100,000 shares within 10 business days from the Listing Date;

-100,000 shares within 10 business days from the receipt by Intigold of the consent of the Exchange

to such issuance based upon the results of the Phase II Program;

-200,000 shares within 10 business days from the receipt by Intigold of the consent of the Exchange

to such issuance based upon the results of the Phase III Program;

- 9 –

iii) incurring exploration expenditures on the following basis:

-Not less than $100,000 (Phase I Program”) on or before first anniversary of the Effective Date;

-Cumulative not less than $300,000 (in excess of $100,000 being referred to “Phase II Program”) on

or before the first anniversary of the Listing Date;

-Cumulative not less than $600,000 (in excess of $300,000 being referred to “Phase III Program”)

on or before the second anniversary of the Listing Date; and

-Cumulative not less than $1,000,000 (in excess of $300,000 being referred to “Phase III Program”)

on or before the second anniversary of the Listing Date.

Intigold shall have exercised the option and acquired 100% interest in the Property by paying $250,000,

incurring $1,000,000 in Exploration Expenditures and by issuing 400,000 common shares in the capital stock

of Intigold to the Company.

So I'm going to guess that being such a tiny company, 6.57M shares $3.22M market cap, Intigold had to issue so many of it's shares to SLI and perhaps even offered equity for cash obligations, that SLI effectively gained controlling interest. It will be interesting to see how this plays out.