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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
EXCEL - IDEA: XBRL DOCUMENT - Bullion Monarch Mining, Inc. (NEW)Financial_Report.xls
10-Q - QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED OCTOBER 31, 2011 - Bullion Monarch Mining, Inc. (NEW)f10q2ndqtr2012121511fsv5redl.htm
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EX-32 - 906 CERTIFICATION - Bullion Monarch Mining, Inc. (NEW)ex32.htm
EX-31 - 302 CERTIFICATION OF PHILIP MANNING - Bullion Monarch Mining, Inc. (NEW)ex312.htm
v2.4.0.6
Related Party Disclosures
3 Months Ended
Oct. 31, 2011
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

 

NOTE 9          AMOUNTS DUE TO SHAREHOLDERS

 

On September 13, 2011 the Company agreed to repay amounts owed to Sergio Aquino, a shareholder of the Company, as a result of loans he made as a shareholder to Dourave prior to Bullion’s acquisition of Dourave, by issuing 185,763 shares of Bullion stock as full repayment of principal and interest in the amount of R$357,468 at an exchange rate of R$1.6036. The US dollar amount resulting was settled at price of $1.20 per share of Bullion common stock. The stock was issued subsequent to the quarter-end (see Note 12).