Notes to Unaudited Pro Forma Consolidated Financial StatementsStock Purchase Agreement • March 26th, 2014 • Duke Mountain Resources, Inc • Metal mining
On December 31, 2013, Duke Mountain Resources, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Janus Resources, Inc. (“Janus”), a Nevada corporation, pursuant to which the Company purchased from Janus 100% of the issued and outstanding shares of Fostung Resources Ltd. (“Fostung Resources”), a corporation organized under the laws of Ontario, Canada and a wholly owned subsidiary of Janus for a promissory note (the “Promissory Note”) in the amount of $80,000 (the “Fostung Sale”), the fair value of the leases and mining claims controlled by Fostung Resources as concluded by an independent third-party geological consultant.
