Goldspan Resources, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - December 31, 2012

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PURCHASE AGREEMENT
 12 Months Ended
Jul. 31, 2012
Notes to Financial Statements  
PURCHASE AGREEMENT

 

On August 26, 2008, pursuant to a Purchase Agreement, the Company transferred its Pepper Hope mineral claim located in British Columbia to Mr. Jeff Wiegel, its former officer and director (the “Spin-Off”). In exchange for receiving ownership of the Pepper Hope claim, Mr. Wiegel has delivered all of his 15,888,000 shares of common stock back to the Company for cancellation. As part of the Spin-off, Mr. Wiegel agreed to assume any and all liabilities which may be related to the Pepper Hope mineral claim.

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