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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Patagonia Gold Corporation (PK) | USOTC:HGLD | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0111 | 0.011 | 0.024 | 0.00 | 21:00:01 |
British Columbia
|
1041
|
|
(State or other jurisdiction of incorporation or organization)
|
(Primary Standard Industrial Classification Code Number)
|
Title of each class
|
Name on each exchange on which registered
|
None
|
None
|
Title of each class
|
Name on each exchange on which registered
|
None
|
None
|
Large Accelerated Filer
|
☐
|
Accelerated Filer
|
☐
|
Non-accelerated Filer
|
☐
|
Smaller Reporting Company
|
☒
|
Corporation
|
Incorporation
|
Percentage
ownership
|
Business Purpose
|
Cerro Cazador S.A. (“CCSA”)
|
Argentina
|
100%
|
Holder of Assets and Exploration Company
|
Ganadera Patagonia
(1)
|
Argentina
|
40%
|
Land Holding Company
|
1494716 Alberta Ltd.
|
Alberta
|
100%
|
Nominee Shareholder
|
Hunt Gold USA LLC
|
Washington, USA
|
100%
|
Management Company
|
·
|
Approximately 52,776-hectare parcel on which the Company’s La Josefina project is located
|
|
·
|
Approximately 29,600-hectare parcel on which the Company’s La Valenciana project is located
|
|
·
|
Approximately 35,700-hectare parcel on which the Company’s Martha project is located
|
1.
|
CCSA posted a US$600,000 performance bond (equal to 10% of the total proposed exploration investment).
|
|
2.
|
CCSA must maintain the La Josefina mining rights by paying the annual canons due the province on the project's 399 pertenencias.
|
|
3.
|
CCSA must complete surface agreements (lease or buy) with the surface landowners, as required by the Federal mining law, to gain legal access to the ranches (estancias) that cover the project. Most of the project and all the current target areas lie within two large ranches that have been unoccupied for many years - Estancia La Josefina and Estancia Piedra Labrada. The major part of mineralization occurs on Estancia La Josefina, which CCSA purchased in 2007. CCSA rents Estancia Piedra Labrada, which it uses as an exploration field camp.
|
·
|
To purchase an additional 10% in the JV corporation, Fomicruz must reimburse the Company for 10% of the exploration expenses made by the Company during the exploration period;
|
|
·
|
To purchase the next 10% interest in the JV corporation, Fomicruz must reimburse the Company for 20% of the exploration expenses made by the Company during the exploration period;
|
|
·
|
To purchase a final additional 20% interest in the JV Corporation, Fomicruz must reimburse the Company for 25% of the exploration expenses made by the Company during the exploration period; bringing Fomicruz's total ownership interest in the JV Corporation to 49%.
|
Month
|
High
|
Low
|
Dec 2018
|
1.3642
|
1.3191
|
Nov 2018
|
1.3302
|
1.3088
|
Oct 2018
|
1.3142
|
1.2803
|
Sep 2018
|
1.3188
|
1.2803
|
Aug 2018
|
1.3152
|
1.3917
|
Jul 2018
|
1.3255
|
1.3017
|
Year Ended December 31
(Canadian $ per U.S. $)
|
||
2018
|
2019
|
|
Rate at end of Period
|
1.3642
|
1.2545
|
Low
|
1.2803
|
1.2128
|
High
|
1.3642
|
1.2982
|
(1)
|
On June 24, 2015, the Company's common shares were consolidated on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares. All common share, share option, share purchase warrant and per share figures have been adjusted to reflect the 10:1 share consolidation.
|
December 31, 2017
|
December 31, 2018
|
|||||||||||||||
Number of options
|
Weighted
Average Price (CAD)
|
Number of options
|
Weighted Average Price (CAD)
|
|||||||||||||
Balance, beginning of period
|
4,225,00
|
$
|
0.24
|
4,380,000
|
$
|
0.21
|
||||||||||
Granted to officeres and directors
|
200,000
|
$
|
0.20
|
-
|
$
|
-
|
||||||||||
Expiration of stock options
|
(45,000
|
)
|
$
|
2.00
|
(200,000
|
)
|
$
|
0.23
|
||||||||
Balance, end of period
|
4,380,000
|
$
|
0.21
|
4,160,000
|
$
|
0.21
|
Plan category
|
Number of Securities issued upon exercise of outstanding options, warrants and rights
|
Weighted average exercise price of outstanding options warrants and rights (CAD)
|
Number of Securities remaining available for future issuance under equity compensation plans (excluing securities issued upon exercise of outstandign options, warrants and rights)
|
|
Equity compensation plans approved by security holders
|
4,160,000
|
$
|
0.21
|
2,198,880
|
Equity compensation plans not approved by security holders
|
-
|
$
|
-
|
-
|
December 31, 2018
|
December 31, 2017
|
Change
Favorable (Unfavorable)
|
||||||||||
Net income (loss) for the year
|
$ |
(3,564,180
|
)
|
$ |
1,655,914
|
$ |
(5,220,094
|
)
|
||||
Net income (loss) per share – basic
|
(0.06
|
)
|
0.03
|
(0.09
|
)
|
|||||||
Net income (loss) per share – dilluted
|
(0.06
|
)
|
0.01
|
(0.07
|
)
|
|||||||
Working capital
|
$ |
(7,616,966
|
)
|
$ |
(5,308,822
|
)
|
$ |
(2,308,144
|
)
|
|||
Total assets
|
$ |
7,900,222
|
$ |
8,531,328
|
$ |
(631,106
|
)
|
|||||
Total non-current liabilities
|
2,561,416
|
2,142,030
|
(419.386
|
)
|
||||||||
Total shareholders' equity
|
(4,839,422
|
)
|
(1,544,661
|
)
|
(3,294,761
|
)
|
Payments due by period
|
||||||||||
Total
|
< 1 year
|
1-3 years
|
3-5 y
ears
|
> 5 years
|
||||||
Loan Payable
|
$
|
2,836,141
|
$
|
2,836,141
|
$
|
-
|
$
|
-
|
$
|
-
|
Long-Term Debt
|
1,615,445
|
362,428
|
770,100
|
482,917
|
-
|
|||||
TOTAL
|
$
|
4,451,586
|
$
|
3,198,569
|
$
|
770,100
|
$
|
482,917
|
$
|
-
|
Hunt Mining Corp. |
|
Consolidated Financial Statements
|
|
Year ended December 31, 2018 and 2017 | Page |
Report of Independent Registered Public Accounting Firm
|
29
|
Consolidated Balance Sheets
|
31
|
Consolidated Statements of Operations and Comprehensive Income (Loss)
|
32
|
Consolidated Statement of Changes in Stockholders' Deficiency
|
33
|
Consolidated Statements of Cash Flows
|
34
|
Notes to the Consolidate Financial Statements
|
35 - 50
|
D
AVIDSON & COMPANY
LLP
|
Chartered Professional Accountants
|
|
1200 - 609 Granville Street, P.O. Box 10372, Pacific Center, Vancouver, B.C., Canada V7Y 1G6
Telephone (604) 687-0947 Davidson-co.com
|
|
"DAVIDSON & COMPANY LLP"
|
|
Chartered Professional Accountants |
Corporation
|
Incorporation
|
Percentage
ownership
|
Business Purpose
|
Cerro Cazador S.A. ("CCSA")
|
Argentina
|
100%
|
Holder of Assets and Exploration Company
|
Ganadera Patagonia
(1)
|
Argentina
|
40%
|
Land Holding Company
|
1494716 Alberta Ltd.
|
Alberta
|
100%
|
Nominee Shareholder
|
Hunt Gold USA LLC
|
Washington, USA
|
100%
|
Management Company
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
December 31, 2018
|
December 31, 2017
|
|||||||
Silver and gold concentrate
|
$
|
794,086
|
$
|
128,894
|
||||
Ore stockpiles
|
-
|
98,210
|
||||||
Materials and supplies
|
119,829
|
106,216
|
||||||
$
|
913,915
|
$
|
333,320
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
December 31,
2018
|
December 31,
2017
|
|||||||
Asset retirement obligation at beginning of year
|
$
|
773,436
|
$
|
721,695
|
||||
Additions
|
486,589
|
-
|
||||||
Foreign exchange
|
(25,996
|
)
|
(16,327
|
)
|
||||
Accretion expense
|
74,370
|
68,068
|
||||||
Asset retirement obligation at end of period
|
1,308,399
|
773,436
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Land
|
Plant
|
Buildings
|
Vehicles and Equipment
|
Total
|
||||||||||||||||
Cost
|
||||||||||||||||||||
Balance at December 31, 2016
|
$
|
1,035,397
|
$
|
2,631,646
|
$
|
117,500
|
$
|
2,352,222
|
$
|
6,136,765
|
||||||||||
Additions
|
-
|
792,055
|
-
|
472,244
|
1,264,299
|
|||||||||||||||
Balance at December 31, 2017
|
1,035,397
|
3,423,701
|
117,500
|
2,824,466
|
7,401,064
|
|||||||||||||||
Additions
|
-
|
486,589
|
-
|
13,559
|
500,148
|
|||||||||||||||
Balance at December 31, 2018
|
$
|
1,035,397
|
$
|
3,910,290
|
$
|
117,500
|
$
|
2,838,025
|
$
|
7,901,212
|
||||||||||
Accumulated depreciation
|
||||||||||||||||||||
Balance at December 31, 2016
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
1,201,982
|
$
|
1,201,982
|
||||||||||
Depreciation for the year
|
-
|
753,391
|
29,375
|
382,826
|
1,165,592
|
|||||||||||||||
Balance at December 31, 2017
|
-
|
753,391
|
29,375
|
1,584,808
|
2,367,574
|
|||||||||||||||
Depreciation for the year
|
-
|
368,319
|
12,155
|
567,644
|
948,118
|
|||||||||||||||
Balance at December 31, 2018
|
$
|
-
|
$
|
1,121,710
|
$
|
41,530
|
$
|
2,152,452
|
$
|
3,315,692
|
||||||||||
Net book value
|
||||||||||||||||||||
At December 31, 2017
|
$
|
1,035,397
|
$
|
2,670,310
|
$
|
88,125
|
$
|
1,239,658
|
$
|
5,033,490
|
||||||||||
At December 31, 2018
|
$
|
1,035,397
|
$
|
2,788,580
|
$
|
75,970
|
$
|
685,573
|
$
|
4,585,520
|
|
December 31,
|
December 31,
|
||
2018
|
2017
|
|||
Receivable from sale of concentrate
|
$ 438,042
|
$ 1,144,710
|
||
Value added tax ("VAT") recoverable
|
986,014
|
1,000,120
|
||
Other receivables
|
50,247
|
-
|
||
Total accounts receivable
|
$ 1,474,303
|
$ 2,144,830
|
||
|
Note
|
December 31,
|
December 31,
|
||||||||||
2018
|
2017
|
|||||||||||
Accounts payables due to related parties
|
16
|
$
|
4,416,555
|
$
|
4,410,894
|
|||||||
Trade accounts payable and accrued liabilities
|
1,912,306
|
2,262,425
|
||||||||||
Total accounts payable and accrued liabilities
|
$
|
6,328,861
|
$
|
6,673,319
|
December 31,
|
December 31,
|
|||||||
2018
|
2017
|
|||||||
Unsecured loan payable to related party at 8% interest per annum, due 2022
1
(Note 16)
|
$
|
1,615,445
|
$
|
1,731,022
|
||||
Unsecured loan payable to related party at 8% interest per annum, due on demand (Note 16)
|
994,861
|
700,000
|
||||||
Unsecured loan payable to related party at 7% interest per annum, due on demand (Note 16)
|
1,250,000
|
-
|
||||||
Loan payable, repayable in monthly installments ranging between $3,000 and $15,000 per dry metric ton of concentrate, with interest at 6% per annum, secured by concentrate, due 2018
2
|
591,280
|
-
|
||||||
$
|
4,451,586
|
$
|
2,431,022
|
|||||
Less current portion
|
(3,198,569
|
)
|
(1,062,428
|
)
|
||||
Long-term debt
|
$
|
1,253,017
|
$
|
1,368,594
|
Year ending December 31,
|
||
2019
|
$ 362,428
|
|
2020
|
$ 375,510
|
|
2021
|
$ 394,590
|
|
2022
|
$ 414,910
|
|
2023
|
$ 68,007
|
1
|
During the year ended December 31, 2017, the maturity date of the loan payable was extended to May 9, 2022. The modification of the loan payable did not result in an extinguishment in accordance with ASC 470-50. During the year ended December 31, 2017 loan payable was re-classified as long-term debt.
|
|
2
|
Subsequent to December 31, 2018, loan was repaid in full (Note 23).
|
Common Shares
|
Year ended
|
Year ended
|
||||||||||||||
December 31, 2018
|
December 31, 2017
|
|||||||||||||||
Number
|
Amount
|
Number
|
Amount
|
|||||||||||||
Balance, beginning of year
|
63,588,798
|
$
|
24,695,186
|
63,588,798
|
$
|
24,695,186
|
||||||||||
Balance, end of year
|
63,588,798
|
$
|
24,695,186
|
63,588,798
|
$
|
24,695,186
|
Range of Exercise prices (CAD)
|
Number outstanding
|
Weighted average life (years)
|
Weighted average exercise price (CAD)
|
Number exercisable on December 31, 2018
|
||||||||||||||||
Stock options
|
$
|
0.15 - $1.00
|
4,160,000
|
2.29
|
$
|
0.21
|
4,160,000
|
December 31, 2018
|
December 31, 2017
|
|||||||||||||||
Number of options
|
Weighted Average Price (CAD)
|
Number of options
|
Weighted Average Price (CAD)
|
|||||||||||||
Balance, beginning of year
|
4,380,000
|
$
|
0.21
|
4,225,000
|
$
|
0.24
|
||||||||||
Granted
|
-
|
$
|
0.00
|
200,000
|
$
|
0.20
|
||||||||||
Expiration of stock options
|
(220,000
|
)
|
$
|
0.23
|
(45,000
|
)
|
$
|
3.00
|
||||||||
Balance, end of year
|
4,160,000
|
$
|
0.21
|
4,380,000
|
$
|
0.21
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Year ended
|
||
December 31,
|
||
2017
|
||
Expected volatility
|
235.10%
|
|
Expected life (years)
|
5
|
|
Expected dividend yield
|
0%
|
|
Forfeiture rate
|
0%
|
|
Stock price
|
$CAD 0.23
|
Range of Exercise prices (CAD)
|
Number outstanding
|
Weighted average life (years)
|
Weighted average exercise price (CAD)
|
|||||||||||||
Warrants
|
0.05 - 0.075
|
47,500,000
|
1.68
|
$
|
0.06
|
December 31, 2018
|
December 31, 2017
|
|||||||||||||||
Number of warrants
|
Weighted Average Price (CAD)
|
Number of warrants
|
Weighted Average Price (CAD)
|
|||||||||||||
Balance, beginning of year
|
48,862,500
|
$
|
0.07
|
48,862,500
|
$
|
0.07
|
||||||||||
Expiration of Warrants
|
(1,362,500
|
)
|
$
|
0.40
|
-
|
-
|
||||||||||
Balance, end of year
|
47,500,000
|
$
|
0.06
|
48,862,500
|
$
|
0.07
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
1
|
The Company has two unsecured loans payable to related party at 8% interest per annum, with one loan of $994,861 due on demand and the other loan of $1,615,445 due 2022. The Company has another unsecured loan payable of $1,250,000 to a related party at 7% interest per annum (Note 14).
|
2
|
Subsequent to December 31, 2018 the Company was loaned funds from a related party of in the amount of $1,275,080. (Note 23).
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
·
|
Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Active markets are those in which transactions occur in sufficient frequency and volume to provide pricing information on an ongoing basis.
|
·
|
Level 2: inputs, other than quoted prices, that are observable, either directly or indirectly. Level 2 valuations are based on inputs, including quoted forward prices for commodities, market interest rates, and volatility factors, which can be observed or corroborated in the market place.
|
·
|
Level 3: inputs are less observable, unavoidable or where the observable data does not support the majority of the instruments' fair value.
|
December 31, 2018
|
December 31, 2017
|
|||||||||||||||
Carrying amount
|
Fair value
|
Carrying amount
|
Fair value
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Financial Assets
|
||||||||||||||||
FVTPL
|
||||||||||||||||
Cash (Level 1)
|
115,372
|
115,372
|
78,145
|
78,145
|
||||||||||||
Available for sale
|
||||||||||||||||
Performance bond (Level 1)
|
315,378
|
315,378
|
434,639
|
434,639
|
||||||||||||
Loans and receivables
|
||||||||||||||||
Accounts receivable
|
1,474,303
|
1,474,303
|
2,144,830
|
2,144,830
|
||||||||||||
Financial Liabilities
|
||||||||||||||||
Other financial liabilities
|
||||||||||||||||
Bank indebtedness
|
330,000
|
330,000
|
-
|
-
|
||||||||||||
Accounts payable and accrued liabilities
|
6,328,861
|
6,328,861
|
6,673,319
|
6,673,319
|
||||||||||||
Transaction taxes payable
|
129
|
129
|
47,188
|
47,188
|
||||||||||||
Interest payable
|
320,669
|
320,669
|
151,024
|
151,024
|
||||||||||||
Loan payable
|
3,198,569
|
3,198,569
|
1,062,428
|
1,062,428
|
||||||||||||
Long-term debt
|
1,253,017
|
1,253,017
|
1,731,022
|
1,731,022
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
Hunt Mining Corp.
|
Expressed in U.S. Dollars
|
|
Notes to Financial Statements
|
2018
|
2017
|
|||||||
Net income for the year
|
$
|
(3,564,180
|
)
|
$
|
1,655,914
|
|||
Expected income tax (recovery)
|
$
|
(962,000
|
)
|
$
|
431,000
|
|||
Change in statutory, foreign tax, foreign exchange rates and other
|
69,000
|
1,240,000
|
||||||
Permanent differences
|
307,000
|
404,000
|
||||||
Adjustment to prior years provision versus statutory tax returns and expiry of non-capital losses
|
304,000
|
73,000
|
||||||
Change in unrecognized deductible temporary differences
|
282,000
|
(2,148,000
|
)
|
|||||
Total income tax expense (recovery)
|
$
|
-
|
$
|
-
|
||||
Current income tax
|
$
|
-
|
$
|
-
|
||||
Deferred tax recovery
|
$
|
-
|
$
|
-
|
2018
|
2017
|
|||||||
Deferred tax assets (liabilities)
|
||||||||
Property and equipment
|
14,000
|
-
|
||||||
Non-capital losses available for future period
|
2,968,000
|
2,700,000
|
||||||
2,982,000
|
2,700,000
|
|||||||
Valuation allowance
|
(2,982,000
|
)
|
(2,700,000
|
)
|
||||
Net deferred tax assets
|
$
|
-
|
$
|
-
|
Officers Compensation Table
|
|
Salary
|
Bonus
|
Stock Awards
|
Option Awards
|
Non-Equity Incentive Plan Compensation
|
Non-qualified Deferred Compensation Earnings
|
All Other Compensation
|
Total
|
Name and Principal Position
|
Year
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
Robert Little (1)
|
2016
|
106,154
|
-
|
-
|
30,942
|
-
|
-
|
-
|
137,096
|
Chief Administration Officer, Former Chief Financial Officer and Secretary
|
2017
|
124,977
|
-
|
-
|
-
|
-
|
-
|
-
|
124,977
|
James N Meek
|
2016
|
68,287
|
-
|
-
|
20,628
|
-
|
-
|
-
|
88,915
|
Chief Administration Officer, appointed 06-14-2016
|
2017
|
114,222
|
-
|
-
|
-
|
-
|
-
|
-
|
114,222
|
Leon Hardy
|
2016
|
59,721
|
-
|
-
|
51,571
|
-
|
-
|
-
|
111,292
|
Chief Operating Officer, appointed 05-17-2016
|
2017
|
81,020
|
-
|
-
|
-
|
-
|
-
|
-
|
81,020
|
Tim Hunt(2)
|
2016
|
-
|
-
|
-
|
103,141
|
-
|
-
|
-
|
103,141
|
Executive Chairman, President and Chief Executive Officer
|
2017
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(2)
|
Mr. Hunt was appointed Executive Chairman of the Corporation's board of directors on April 26, 2010. Mr. Hunt was formerly Chief Executive Officer of the Corporation until April 26, 2010. Mr. Hunt was appointed to the Corporation's board of directors on December 23, 2009. Mr. Hunt was appointed Chief Executive Officer and has served as the President of the Company since January 1, 2014.
|
Director's Compensation Table
|
|
Fees Earned or Paid in Cash
|
Stock Awards
|
Option Awards
|
Non-Equity Incentive Plan Compensation
|
Non-qualified Deferred Compensation Earnings
|
All Other Compensation
|
Total
|
Name
|
Year
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
(US$)
|
Chan, Alan
|
2018
|
3,121
|
-
|
-
|
-
|
-
|
-
|
3,121
|
Hunt, Darrick
|
2018
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Hunt, Tim
|
2018
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Summers, Al
|
2018
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
|
Optio-based Awards
|
Share-based Awards
|
|||||
Name
|
Number of securities underlying unexercised options (#) exercisable.
|
Number of securities underlying unexercised options (#) exercisable.
|
Equity incentive plan awards: Number of securities underlying unexercised unearned options (#)
|
Option exercise price ($)
|
Option expiration date
|
Number of shares or units that have not vested (#)
|
Market value of sharesof units of stock that have not vested ($)
|
Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)
|
Chan, Alan
|
50,000
|
-
|
-
|
$0.74
|
04/04/2019
|
-
|
-
|
-
|
|
250,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
Hunt, Darrick
|
75,000
|
-
|
-
|
$0.74
|
04/04/2019
|
-
|
-
|
-
|
|
350,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
Hunt, Tim
|
100,000
|
-
|
-
|
$0.74
|
04/04/2019
|
-
|
-
|
-
|
|
1,000,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
Summers, Al
|
25,000
|
-
|
-
|
$0.74
|
04/04/2019
|
-
|
-
|
-
|
|
250,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
Hardy, Leon
|
500,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
Atwood, Ken
|
200,000
|
-
|
-
|
$0.20
|
06/14/2022
|
-
|
-
|
-
|
Little, Bob
|
35,000
|
-
|
-
|
$0.74
|
04/04/2019
|
-
|
-
|
-
|
|
300,000
|
-
|
-
|
$0.11
|
05/20/2021
|
-
|
-
|
-
|
TOTAL
|
3,115,000
|
-
|
-
|
$0.17
|
-
|
-
|
-
|
-
|
Name and Address of
|
Shares
|
Options/
|
Total
|
Percent
|
Beneficial Owner
(1)
|
Warrants
|
|||
Tim Hunt
|
53,224,915
|
48,600,000
|
101,824,915
|
88.35%
|
(1)
|
These shares are owned as to 50,512,031 by Hunt Family Limited Partnership, an entity controlled by Mr. Tim Hunt and 2,712,884 shares by Mr. Hunt directly.
|
Name and Address of
|
Shares
|
Options/
|
Total
|
Percent
|
Beneficial Owner
|
Warrants
|
|||
Tim Hunt
|
53,224,915
|
48,600,000
|
101,824,915
|
88.35%
|
Alan Chan
|
16,500
|
300,000
|
316,500
|
0.27%
|
Darrick Hunt
|
200,743
|
425,000
|
625,743
|
0.54%
|
Alistar Summers
|
1,229
|
275,000
|
276,229
|
0.24%
|
Robert Little
|
1,282,024
|
335,000
|
1,617,024
|
1.40%
|
Leon Hardy
|
135,000
|
500,000
|
635,000
|
0.55%
|
Ken Atwood
|
|
200,000
|
200,000
|
0.17%
|
Total
|
54,860,411
|
50,635,000
|
105,495,411
|
91.54%
|
Name and Principal Position
|
Remuneration, fees or interest expense
|
Loans or Advances
|
Remuneration, fees, or interest payments
|
Loan payments
|
Included in Accounts Payable
|
Included in Loan Payable and Long-term debt
|
|
Year ended December 31
|
As at December 31, 2018 and
December 31, 2017
|
||||||
A company controlled by a director
|
2018
|
165,270
|
-
|
-
|
-
|
3,972,693
|
-
|
- admin, office, and interest expenses
|
2017
|
463,938
|
1,659,963
|
-
|
-
|
3,807,423
|
-
|
Key executive person
|
2018
|
135,000
|
-
|
135,000
|
-
|
-
|
-
|
- salaries and wages
|
2017
|
-
|
-
|
-
|
-
|
-
|
-
|
Former Key Executive person - professional fees
|
2017
|
114,222
|
-
|
66,630
|
-
|
98,549
|
-
|
Key executive person
|
2018
|
135,000
|
-
|
135,000
|
-
|
-
|
-
|
- salaries and wages
|
2017
|
124,977
|
-
|
124,977
|
-
|
-
|
-
|
Director
|
2018
|
254,868
|
2,390,862
|
46,030
|
961,577
|
443,862
|
3,860,306
1,2
|
-loans
|
2017
|
186,676
|
2,900,000
|
35,652
|
2,441,070
|
235,024
|
2,431,022
|
1
|
The Company has two unsecured loans payable to related party at 8% interest per annum, with one loan of $994,861 due on demand and the other loan of $1,615,445 due 2022. The Company has another unsecured loan payable of $1,250,000 to a related party at 7% interest per annum (Note 14).
|
2
|
Subsequent to December 31, 2018 the Company was loaned funds from a related party of in the amount of $1,275,080. (Note 23).
|
|
Year ended December 31,
|
|
|
2018
|
2017
|
Audit fees
|
$87,803
|
$156,700
|
Tax fees
(1)
|
26,850
|
18,750
|
All other fees
(2)
|
25,704
|
22,500
|
Total
|
140,356
|
$197,950
|
|
|
Incorporated by reference
|
|
||
Exhibit
Number
|
Document Description
|
Form
|
Date
|
Number
|
Filed
herewith
|
3.1
|
Articles of Incorporation – British Columbia
|
F-1/A-4
|
06/30/14
|
3.4
|
|
|
|
|
|
|
|
10.1
|
Exploration and Option Agreement between Cerro Cazador S.A. and FK Minera S.A. dated March 28, 2007
|
F-1/A-2
|
12/20/12
|
10.1
|
|
|
|
|
|
|
|
10.2
|
Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary, Cerro Cazador, S.A., with respect to the La Josefina property, dated July 24, 2007
|
F-1/A-2
|
12/20/12
|
10.2
|
|
|
|
|
|
|
|
10.3
|
Share Purchase Agreement among Sinomar Capital Corp., Cerro Cazador S.A., HuntMountain Resources Ltd. and HuntMountain Investments, LLC, dated October 13, 2009
|
F-1/A-3
|
03/28/14
|
10.3
|
|
|
|
|
|
|
|
10.4
|
Executive Employment Agreement with Matthew J. Hughes dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.4
|
|
|
|
|
|
|
|
10.5
|
Executive Employment Agreement with Timothy R. Hunt dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.5
|
|
|
|
|
|
|
|
10.6
|
Executive Employment Agreement with Danilo P. Silva dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.6
|
|
|
|
|
|
|
|
10.7
|
Executive Employment Agreement with Matthew A. Fowler dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.7
|
|
|
|
|
|
|
|
10.8
|
Exploration Agreement Among Eldorado Gold Corporation, Hunt Mining Corp. and Cerro Cazador, S.A. dated May 3, 2012
|
F-1/A-3
|
03/28/14
|
10.8
|
|
|
|
|
|
|
|
10.9
|
Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary Cerro Cazador, S.A. with respect to the La Josefina property, dated November 15, 2012
|
F-1/A-4
|
06/30/14
|
10.9
|
|
|
|
|
|
|
|
10.10
|
Amended Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary, Cerro Cazador, S.A., with respect to the La Valenciana property, dated November 15, 2012
|
F-1/A-3
|
03/28/14
|
10.10
|
|
|
|
|
|
|
|
10.11
|
Buyer's Contract with Ocean Partners USA, Inc., Hunt Mining Corp and Huntwood Industries, Inc. dated September 28, 2016
|
10-K
|
05/22/17
|
10.11
|
|
|
|
|
|
|
|
10.12
|
Advance Payment Facility Agreement with Ocean Partners USA, Inc., Hunt Mining Corp and Huntwood Industries, Inc. dated October 28, 2016
|
10-K
|
05/22/17
|
10.12
|
|
|
|
|
|
|
|
14.1
|
Code of Ethics
|
10-K
|
05/19/17
|
14.1
|
|
|
|
|
|
|
|
21.1
|
List of Subsidiaries
|
10-K
|
05/22/17
|
21.1
|
|
|
|
|
|
|
|
31.1
|
Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
X
|
|
|
|
|
|
|
31.2
|
Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
X
|
|
|
|
|
|
|
32.1
|
Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer
|
|
|
|
X
|
|
|
|
|
|
|
32.2
|
Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer
|
|
|
|
X
|
|
|
|
|
|
|
99.2
|
2011 Stock Option Plan of Hunt Mining Corp.
|
F-1/A-2
|
12/20/12
|
99.1
|
|
|
|
|
|
|
|
99.2
|
Audit Committee Charter
|
F-1
|
06/12/12
|
99.1
|
|
|
|
|
|
|
|
101.INS
|
XBRL Instance Document
|
|
|
|
X
|
|
|
|
|
|
|
101.SCH
|
XBRL Taxonomy Extension – Schema
|
|
|
|
X
|
|
|
|
|
|
|
101.CAL
|
XBRL Taxonomy Extension – Calculations
|
|
|
|
X
|
|
|
|
|
|
|
101.DEF
|
XBRL Taxonomy Extension – Definitions
|
|
|
|
X
|
|
|
|
|
|
|
101.LAB
|
XBRL Taxonomy Extension – Labels
|
|
|
|
X
|
|
|
|
|
|
|
101.PRE
|
XBRL Taxonomy Extension – Presentation
|
|
|
|
X
|
|
HUNT MINING CORPORATION
|
|
|
|
|
|
BY:
|
TIMOTHY HUNT |
|
|
Timothy Hunt
|
|
|
Principal Executive Officer and President
|
|
|
|
|
BY:
|
KEN ATWOOD |
|
|
Ken Atwood
|
|
|
Principal Financial Officer and Principal Accounting Officer
|
|
|
Incorporated by reference
|
|
||
Exhibit
Number
|
Document Description
|
Form
|
Date
|
Number
|
Filed
herewith
|
3.1
|
Articles of Incorporation – British Columbia
|
F-1/A-4
|
06/30/14
|
3.4
|
|
|
|
|
|
|
|
10.1
|
Exploration and Option Agreement between Cerro Cazador S.A. and FK Minera S.A. dated March 28, 2007
|
F-1/A-2
|
12/20/12
|
10.1
|
|
|
|
|
|
|
|
10.2
|
Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary, Cerro Cazador, S.A., with respect to the La Josefina property, dated July 24, 2007
|
F-1/A-2
|
12/20/12
|
10.2
|
|
|
|
|
|
|
|
10.3
|
Share Purchase Agreement among Sinomar Capital Corp., Cerro Cazador S.A., HuntMountain Resources Ltd. and HuntMountain Investments, LLC, dated October 13, 2009
|
F-1/A-3
|
03/28/14
|
10.3
|
|
|
|
|
|
|
|
10.4
|
Executive Employment Agreement with Matthew J. Hughes dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.4
|
|
|
|
|
|
|
|
10.5
|
Executive Employment Agreement with Timothy R. Hunt dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.5
|
|
|
|
|
|
|
|
10.6
|
Executive Employment Agreement with Danilo P. Silva dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.6
|
|
|
|
|
|
|
|
10.7
|
Executive Employment Agreement with Matthew A. Fowler dated January 1, 2012
|
F-1/A-3
|
03/28/14
|
10.7
|
|
|
|
|
|
|
|
10.8
|
Exploration Agreement Among Eldorado Gold Corporation, Hunt Mining Corp. and Cerro Cazador, S.A. dated May 3, 2012
|
F-1/A-3
|
03/28/14
|
10.8
|
|
|
|
|
|
|
|
10.9
|
Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary Cerro Cazador, S.A. with respect to the La Josefina property, dated November 15, 2012
|
F-1/A-4
|
06/30/14
|
10.9
|
|
|
|
|
|
|
|
10.10
|
Amended Agreement between Fomento Minero de Santa Cruz Sociedad del Estado and Hunt Mining Corp.'s subsidiary, Cerro Cazador, S.A., with respect to the La Valenciana property, dated November 15, 2012
|
F-1/A-3
|
03/28/14
|
10.10
|
|
|
|
|
|
|
|
10.11
|
Buyer's Contract with Ocean Partners USA, Inc., Hunt Mining Corp and Huntwood Industries, Inc. dated September 28, 2016
|
10-K
|
05/22/17
|
10.11
|
|
|
|
|
|
|
|
10.12
|
Advance Payment Facility Agreement with Ocean Partners USA, Inc., Hunt Mining Corp and Huntwood Industries, Inc. dated October 28, 2016
|
10-K
|
05/22/17
|
10.12
|
|
|
|
|
|
|
|
14.1
|
Code of Ethics
|
10-K
|
05/19/17
|
14.1
|
|
|
|
|
|
|
|
21.1
|
List of Subsidiaries
|
10-K
|
05/22/17
|
21.1
|
|
|
|
|
|
|
|
31.1
|
Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
X
|
|
|
|
|
|
|
31.2
|
Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
|
|
X
|
|
|
|
|
|
|
32.1
|
Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer
|
|
|
|
X
|
|
|
|
|
|
|
32.2
|
Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer
|
|
|
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X
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1 Year Patagonia Gold (PK) Chart |
1 Month Patagonia Gold (PK) Chart |
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