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SUBSEQUENT EVENTS (Details Narrative) (USD $)
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0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | ||||||
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Jan. 22, 2014
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Dec. 31, 2013
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Jan. 22, 2014
Chief Executive Officer and Chairman Avery
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Jan. 21, 2014
Chief Executive Officer and Chairman Avery
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Jan. 21, 2014
Kesner
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Jan. 22, 2014
Uribe
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Jan. 21, 2014
Uribe
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Jan. 22, 2014
Bhansali
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Jan. 21, 2014
Bhansali
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Jan. 22, 2014
2014 Plan
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Jan. 21, 2014
2014 Plan
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| Shares authorized by Plan | 750,000,000 | 34,000,000 | |||||||||
| Terms of plan |
The 2014 Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights and other types of stock-based awards to the Company’s employees, officers, directors and consultants. Pursuant to the terms of the 2014 Plan, either the Board or a board committee is authorized to administer the plan, including by determining which eligible participants will receive awards, the number of shares of common stock subject to the awards and the terms and conditions of such awards. Unless earlier terminated by the Board, the Plan shall terminate at the close of business on January 21, 2024. Up to 34,000,000 shares of common stock are issuable pursuant to awards under the 2014 Plan, as adjusted in a single adjustment for an issuance no later than sixty (60) days following the date of shareholder approval of the Plan in connection with (i) a private placement of the Company’s securities in which the Corporation receives gross proceeds of at least $1,000,000 and (ii) an acquisition of at least 50 mining leases and/or claims in the Holbrook Basin. |
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| Monthly base salary | $ 30,000 | $ 7,500 | $ 1,000 | $ 1,000 | |||||||
| Percentage of Plan shares authorized to purchase | 7.50% | ||||||||||
| Vesting terms |
Which shall vest as follows: (i) 10% immediately on January 21, 2014, (ii) 45% on January 21, 2015 and (iii) the remaining 45% on January 21, 2016. “Transaction” is defined as (a) the consummation of a private placement of the Company’s securities in which the Corporation receives gross proceeds of at least $1,000,000 and (b) the acquisition of at least fifty lease holdings in the Holbrook Basin in Arizona. |
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| Options | 4,500,000 | 4,500,000 | |||||||||
| Purchase price for Subsidiaries | $ 1 | ||||||||||