Why would ORXX (if they dont) want to own land that is probably not worth crap. But, again, I say the content of the land is worth value.
Forget about the land. Ask yourself this question, does ORXX stock have value? BTW, I am just asking a question, not implying anything (g).
From the 10SB12G:
On August 16, 1999, the Company entered into a Merger Agreement and Plan of Reorganization with Santa Maria Mining Comoany. In this business combination transaction, Santa Maria Mining Company was merged into Orex and its separate existence ceased with this merger. The constituent company and its stockholders agreed to surrender and transfer all deeds and claims which they held relative to the mining claims known as the Santa Maria River Project to Orex, and Orex agreed to transfer eight million shares of restricted stock.
On October 21, 1999, the Company entered into a Merger Agreement and Plan of Reorganization with Arch Mining Company, a Nevada corporation. In this business combination transaction, 100% of the stock of Arch Mining was exchanged for 5,000,000 shares of restricted stock from Orex. The principals of Arch Mining are Harry Nyce and Viki Blackburn.
- Jeff |
