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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
Equity
3 Months Ended
Oct. 31, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 8        STOCK RIGHTS EXPIRATION

 

Bullion Monarch Mining, Inc. recorded the expiration of rights held by shareholders of Bullion Monarch Company, which were exchangeable for shares of Bullion Monarch Mining, Inc. prior to September 26, 2011, pursuant to a court-approved reorganization of Bullion Monarch Company. Pursuant to the reorganization, the rights were subject to a five year limitation to convert to shares of Bullion Monarch Mining, Inc. As a result of the expiration of such rights, the outstanding number of shares of Bullion Monarch Mining, Inc. was reduced by 4,429,338 shares.

 

Shareholders' Equity and Share-based Payments [Text Block]

NOTE 7        STOCK OPTION PLAN

 

On February 18, 2011, the Board of Directors of Bullion approved the 2011 Stock Option Plan of Bullion Monarch Mining, Inc. (the “2011 Plan”). The 2011 Plan provides for the granting of options to purchase up to 3,000,000 shares of Bullion’s common stock to directors, employees and consultants of Bullion, including officers and directors who are employees of Bullion.  Under the 2011 Plan, the granting of options, exercise prices and terms are determined by the Company’s Board, or a committee designated by the Board to administer the 2011 Plan.  The term of options granted under the 2011 Plan may not exceed 10 years.  No options have been granted under the 2011 Plan.

Treasury Stock [Text Block]

NOTE 4        TREASURY STOCK

 

During the three months ended October 31, 2011, Bullion did not purchase or retire any stock. As of October 31, 2011, the number of shares in treasury totaled 133,455, with a cost of $104,309.