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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
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v2.4.0.6
Business Combinations
3 Months Ended
Oct. 31, 2011
Business Combinations  
Mergers, Acquisitions and Dispositions Disclosures [Text Block]

NOTE 11      ACQUISITION OF DOURAVE

 

On April 1, 2011, Bullion acquired the outstanding capital shares of Dourave Canada and completed the issuance of 5,000,000 shares of Bullion’s common stock and warrants to purchase up to 2,500,000 shares of its common stock at an exercise price equal to $1.20 per share as total consideration for all of the capital shares of Dourave Canada.

 

For the period after acquisition from May 1, 2011 through October 31, 2011, Dourave had $100,000 in lease revenue and incurred $237,136 in losses. The following supplemental proforma information reflects revenue and earnings of the combined entity for the three months ended October 31, 2010, as though the Dourave acquisition that occurred on May 1, 2010 the beginning of the comparative periods.

 

 

October 31, 2010

Revenues

$

1,411,196

Net Income

$

475,559

Earnings per share

$

0.01