Slopes within the Claim are moderate to steep throughout the property. The highest elevation of the Claim is 4,400 feet and is located at the northeast corner of the Claim on the St. The lower elevation of the Claim is 3,500 feet and is located in the southwest within the eastern side of the St. The Claim is located within the Monashee Mountains of the Southern Interior Physiographic Region and straddles the St. A network of secondary gravel roads and trails branch off from the logging road and provide good access to most other parts of the property. The Claim is best accessed via Beaverdell, heading six miles northeast to a secondary logging road which runs through the western sections of the Claim. It is comprised of a 6-cell mineral claim with the total surface area of approximately 314.6 acres. The Claim is located approximately 180 miles east of Vancouver (See Figures 1 and 2). An agreed purchase price of $8,000 was paid at closing on September 8, 2006, at which time Madman Mining transferred the Claim to the Corporation in the form of a quit-claim deed. Pursuant to the Agreement, the Corporation agreed to purchase a 100% interest in the Claim from Madman Mining. Brewer, its president (together Madman Mining). On August 10, 2006, the Corporation entered into a Property Purchase Agreement (the ∺greement) with Madman Mining Co. The Corporation was incorporated in the State of Delaware on November 16, 2000. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS The business, operations, and other material information concerning the Claim is set forth below in Item 2.01. Johns Ridge Mineral Claim, tenure number 536564. Johns Ridge Mineral Claim on a consolidated basis except as otherwise indicated. As used in this current report on Form 8-K, the terms ∼orporation, we, our, and us refer to Ouvo, Inc.
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