El Capitan Precious Metals, Inc. (hereinafter, the "Company," "we" and "our" refer to El Capitan Precious Metals, Inc.) is a precious minerals company based in Scottsdale, Arizona. We are an exploration stage company that owns interests in several properties located in the southwestern United States. We are principally engaged in the exploration of precious metals and other minerals. Our primary asset is a 40% equity interest in El Capitan, Ltd., an Arizona corporation which holds an interest in the El Capitan property located near Capitan, New Mexico. Additionally, our assets include interests in the COD property located near Kingman, Arizona and the Weaver property located near Congress, Arizona. There is no assurance that a commercially viable mineral deposit exists on any of our properties. Additional exploration will be required before a final evaluation can be made as to the economic and legal feasibility of a particular property. To date, we have not had any revenue producing operations.
The Company was previously organized as a Nevada corporation on December 20, 2000 under the name DML Services, Inc. ("DML"). DML was in the catering and food service business, operating under the name "Go Espresso." On March 17, 2003, we sold substantially all of the assets and the operations of the catering and food service business to Michael Flores and Deborah Flores, our executive officers and directors at that time, in exchange for the redemption of 30,120,000 shares of our common stock, par value $.001 and $50,000 in cash. Hereinafter, all references to shares of "Common Stock" shall include adjustments for the four for one stock split effective November 25, 2002, and the 200% stock dividend effective July 30, 2004.
The Company was previously organized as a Nevada corporation on December 20, 2000 under the name DML Services, Inc. ("DML"). DML was in the catering and food service business, operating under the name "Go Espresso." On March 17, 2003, we sold substantially all of the assets and the operations of the catering and food service business to Michael Flores and Deborah Flores, our executive officers and directors at that time, in exchange for the redemption of 30,120,000 shares of our common stock, par value $.001 and $50,000 in cash. Hereinafter, all references to shares of "Common Stock" shall include adjustments for the four for one stock split effective November 25, 2002, and the 200% stock dividend effective July 30, 2004.
