Quarterly report pursuant to Section 13 or 15(d)

Deposits For Investment In Subsidiary

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Deposits For Investment In Subsidiary
6 Months Ended
Jun. 30, 2014
Deposits for Investment in Subsidiary [Abstract]  
DEPOSITS FOR INVESTMENT IN SUBSIDIARY

NOTE 8 – DEPOSITS FOR INVESTMENT IN SUBSIDIARY

 

As of June 30, 2014, the Company had $240,000 in long term assets for the purchase of mining rights, $60,000 is reported as an intangible asset and $150,000 as goodwill, which $240,000 was paid in cash and $1,494 was paid by common shares valued at par.