~GNMT .019...
8K,
I won't be around monday so just a heads up, could make a move imo,
Item 7.01
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Regulation FD Disclosure
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On January 31, 2013, we announced that on January 30, 2013 we entered into a letter of intent with Open Gold Corp., a Canadian junior mining company listed on the TSX Venture Exchange. Pursuant to the terms of the letter of intent, $2.350 million will be raised to advance the development of the work on our Independence gold and silver mining project and initiate exploration of Open Gold's Mitchell project.
In addition, Open Gold will issue common shares to our company and our shareholders so that we will hold 64% of Open Gold's issued and outstanding and we will transfer our interest in our Independence gold and silver mining project to Open Gold.
The letter of intent is subject to the fulfillment of certain conditions precedent; including but not limited to: due diligence and the negotiation of a definitive agreement, approval of the board of directors of our company and Open Gold and the shareholders of Open Gold, certain financing requirements, and customary third party and regulatory approvals.
Item 9.01
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Exhibits
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99.1
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News Release dated January 31, 2013
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99.2
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Letter of Intent with Open Gold Corp., dated January 30, 2013.
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