Exhibit 10.16
Bill of Sale
The purchaser, Calumet Mining Company, ("Grantee") an Idaho Corporation with an
address at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇, hereby purchases
from Trend Mining Company, a Delaware Corporation ("Grantor") with an address at
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇'▇▇▇▇▇, ▇▇▇▇▇, the mining property commonly
called the "Pyramid Mine" consisting of five unpatented mining claims, and
located in Sections 10 and 11, T. ▇▇ ▇. ▇. ▇▇ ▇., ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇.
Interest Conveyed: Grantor conveys the interest and obligations of the property
created, obtained, and sustained by virtue of location of the said unpatented
mining claims.
Purchase Price: The purchase price for said unpatented mining claims shall be
50,000 (Fifty Thousand) shares of the $.01 par value common stock of the
Grantee. Such shares shall bear a restricted legend.
Royalty: Grantor will retain an 1 1/2 (one and one half percent) Net Smelter
Return production royalty interest in the above defined mining property.
▇▇▇▇▇▇ and accepted this 12th day of November, 2001.
Grantor: Grantee:
/s/ ▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇▇ ▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇, President ▇▇▇▇ ▇▇▇▇, President
Trend Mining Company Calumet Mining Company