Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. Idaho North Resources Corp. (1543395) 10-Q published on Nov 16, 2015 at 4:59 pm
Reporting Period: Sep 29, 2015
For the periods ended September 30, 2015 and 2014, the effect of the Company's potential issue of 3,756,667 and 3,756,667 shares, respectively, from the exercise of outstanding warrants (see note 6) would have been anti-dilutive. Accordingly, basic net loss per share is the same as diluted at September 30, 2015 and 2014.
On October 2, 2014, the Company signed the definitive Exploration Program Agreement (the "Agreement") with Coeur. The Agreement calls for Coeur to fund a Central Nevada Exploration Program within a specified Area of Interest for a three-year period. During the Agreement period, Coeur will have the right to select target properties identified and acquired or appropriated by the Company and earn a 60% interest in the target properties by meeting certain minimum investment and
For the following properties, the related party is a shareholder (not an officer or director) who exercises voting rights over 9.1% percent of the Company's common stock. He is also the Company's consulting geologist and a member of the Company's Technical Advisory Committee. The Company has satisfied its work commitments on all properties to date. Work commitments include, but are not limited to, annual claim fees, exploration, mapping, sampling, drilling and administration costs.