Pursuant to the Agreement, the Company acquired one hundred percent (100%) of the issued and outstanding shares of common stock of Barnard. Valley Forge and Steinbeck for 200,000,640 shares of common stock of the Company. Pursuant to the Agreement, Barnard, Valley Forge and Steinbeck became wholly owned subsidiaries of the Company. Barnard, Valley Forge and Steinbeck control, in the aggregate, seventy (70%) percent of Toubikoto, Manianguiti, In Darset, Anefis and Touban, being the gold mining prospects in Mali. Through this Agreement the Company acquired certain rights to prospect for minerals in certain concession areas in the Republic of Mali. Five projects are considered, namely Toubikoto (Gold), Manianguinti (Gold), In Darset (Gold, Base Metals), Anefis (Gold, Base Metals) and Touban (Nickel, Copper, pge's). The five projects are in three areas, viz., south-west, north and south-east of Mali. The Company has with immediate effect terminated its involvement in the five Malian Mining Projects in order to focus on its Gold Projects in Arizona, USA, acquired in September 2004.
On September 9, 2004, pursuant to a Stock Purchase Agreement between us, and all of the shareholders of Golden Sierra Limited ("Golden Sierra"), a Gibraltar company, we acquired all of the shares of Golden Sierra from the Golden Sierra Shareholders in consideration for the issuance of a total of 2,000,000,000 shares of West Africa Gold, Inc. to the Golden Sierra Shareholders. Golden Sierra controls one hundred (100%) percent of certain mineral rights relating to the Mockingbird and Great West project areas. These project areas are comprised of four claim groups spread over 2,500 acres in Mohave County consisting of gold mining properties in Arizona. Pursuant to the Agreement, Golden Sierra became our wholly owned subsidiary. The Acquisition was approved by the unanimous consent of our Board of Directors on September 9, 2004.
Also on September 9, 2004, pursuant to a Stock Purchase Agreement between us, and all of the shareholders of Western Gold Limited ("Western Gold"), a Gibraltar company, we acquired all of the shares of Western Gold from the Western Gold Shareholders in consideration for the issuance of a total of 2,000,000,000 shares of West Africa Gold, Inc. to the Western Gold Shareholders. Western Gold controls 100 percent of certain mineral rights relating to the Bouse property in Arizona, comprised of 12 placer claims spread over 1,300 acres in La Paz County. Pursuant to the Agreement, Western Gold became our wholly owned subsidiary. The Acquisition was approved by the unanimous consent of our Board of Directors on September 9, 2004. Golden Sierra controls one hundred
(100%) percent of Mockingbird, Great West, Hall (Dandy), and Pocahontas, being the gold mining prospects in Mohave County, Arizona. The Mockingbird Project contains a new and important type of gold deposit, a "detachment fault" deposit (first recognized as a separate form of gold deposit in the 1980s), the best example of which is Copperstone.
Western Gold controls 100 percent of certain mineral rights relating to the Bouse property in Arizona. These mineral rights consist of twelve placer claims spread over 1,300 acres in La Paz County, located just north of the Plomosa Fault and include the Little Butte, Flat Fault, and Arrastre projects.
The Company is now "hiving off" these two Arizona Gold Mining Projects into two new separate companies. These companies will operate independently of each other but remain under the control of Great West Gold, Inc.
teinbeck") (collectively the shareholders of these entities will be referred to as the "Shareholders"), the Company acquired all of the shares of Barnard, Valley Forge and Steinbeck from the Shareholders in consideration for the issuance of a total of 200,000,640 shares of Adven to the Shareholders. Pursuant to the Agreement, Barnard, Valley Forge and Steinbeck became wholly owned subsidiaries of the Company and the Company is in the process of a Certificate of Amendment in the State of Wyoming changing its name to West Africa Gold Inc.Pursuant to the Agreement, the Company acquired one hundred percent (100%) of the issued and outstanding shares of common stock of Barnard. Valley Forge and Steinbeck for 200,000,640 shares of common stock of the Company. Pursuant to the Agreement, Barnard, Valley Forge and Steinbeck became wholly owned subsidiaries of the Company. Barnard, Valley Forge and Steinbeck control, in the aggregate, seventy (70%) percent of Toubikoto, Manianguiti, In Darset, Anefis and Touban, being the gold mining prospects in Mali. Through this Agreement the Company acquired certain rights to prospect for minerals in certain concession areas in the Republic of Mali. Five projects are considered, namely Toubikoto (Gold), Manianguinti (Gold), In Darset (Gold, Base Metals), Anefis (Gold, Base Metals) and Touban (Nickel, Copper, pge's). The five projects are in three areas, viz., south-west, north and south-east of Mali. The Company has with immediate effect terminated its involvement in the five Malian Mining Projects in order to focus on its Gold Projects in Arizona, USA, acquired in September 2004.
On September 9, 2004, pursuant to a Stock Purchase Agreement between us, and all of the shareholders of Golden Sierra Limited ("Golden Sierra"), a Gibraltar company, we acquired all of the shares of Golden Sierra from the Golden Sierra Shareholders in consideration for the issuance of a total of 2,000,000,000 shares of West Africa Gold, Inc. to the Golden Sierra Shareholders. Golden Sierra controls one hundred (100%) percent of certain mineral rights relating to the Mockingbird and Great West project areas. These project areas are comprised of four claim groups spread over 2,500 acres in Mohave County consisting of gold mining properties in Arizona. Pursuant to the Agreement, Golden Sierra became our wholly owned subsidiary. The Acquisition was approved by the unanimous consent of our Board of Directors on September 9, 2004.
Also on September 9, 2004, pursuant to a Stock Purchase Agreement between us, and all of the shareholders of Western Gold Limited ("Western Gold"), a Gibraltar company, we acquired all of the shares of Western Gold from the Western Gold Shareholders in consideration for the issuance of a total of 2,000,000,000 shares of West Africa Gold, Inc. to the Western Gold Shareholders. Western Gold controls 100 percent of certain mineral rights relating to the Bouse property in Arizona, comprised of 12 placer claims spread over 1,300 acres in La Paz County. Pursuant to the Agreement, Western Gold became our wholly owned subsidiary. The Acquisition was approved by the unanimous consent of our Board of Directors on September 9, 2004. Golden Sierra controls one hundred
2 (100%) percent of Mockingbird, Great West, Hall (Dandy), and Pocahontas, being the gold mining prospects in Mohave County, Arizona. The Mockingbird Project contains a new and important type of gold deposit, a "detachment fault" deposit (first recognized as a separate form of gold deposit in the 1980s), the best example of which is Copperstone.
Western Gold controls 100 percent of certain mineral rights relating to the Bouse property in Arizona. These mineral rights consist of twelve placer claims spread over 1,300 acres in La Paz County, located just north of the Plomosa Fault and include the Little Butte, Flat Fault, and Arrastre projects.
The Company is now "hiving off" these two Arizona Gold Mining Projects into two new separate companies. These companies will operate independently of each other but remain under the control of Great West Gold, Inc.
