Who said they traded stock (Regulation S stock, no less!) for mining rights? Joe, your Hartcourt Company says it in their filings:
====="Mandarin Overseas Investment Co., Ltd. ("Mandarin"), an unaffiliated Turks and Caicos chartered company located in Central Hong Kong, for its undivided 50% interest in thirty-four State of Alaska mineral lease gold lode claims, known as Lodestar claims numbered 35-68, consisting of 160 acres each, all located in the Melozitna mining district near Tanana, Alaska, approximately 300 air-kilometers west of the city of Fairbanks, Alaska. The Company will pay $3,000,000 in shares of its Common Stock to Mandarin for its undivided 50% interest in the mineral lease gold lode claims, all shares to be issued pursuant to Regulation "S."== |
