%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 223.25 698.50 Td (BLUEST) Tj ET Q q 0 0 0 rg BT 267.05 698.50 Td (ONE RESOURCES INC.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 64.70 673.30 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 110.94 673.30 Td ( MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 278.60 673.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 305.08 673.30 Td (ANAL) Tj ET Q q 0 0 0 rg BT 334.62 673.30 Td (YSIS OF THE FINANCIAL) Tj ET Q q 0 0 0 rg BT 465.20 673.30 Td ( POSITION ) Tj ET Q q 0 0 0 rg BT 523.47 673.30 Td (AND ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 77.30 660.10 Td (RESUL) Tj ET Q q 0 0 0 rg BT 113.76 660.10 Td (TS OF OPERA) Tj ET Q q 0 0 0 rg BT 187.51 660.10 Td (TIONS FOR THE THIRTEEN MONTHS ENDED DECEMBER 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 636.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.33 636.10 Td (following ) Tj ET Q q 0 0 0 rg BT 110.84 636.10 Td (Management) Tj ET Q q 0 0 0 rg BT 171.25 636.10 Td (s ) Tj ET Q q 0 0 0 rg BT 178.85 636.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 229.80 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.57 636.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 288.41 636.10 Td (\(MD&A\) ) Tj ET Q q 0 0 0 rg BT 333.22 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.16 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.67 636.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.96 636.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 442.58 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.87 636.10 Td (results ) Tj ET Q q 0 0 0 rg BT 493.92 636.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.86 636.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.16 636.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 624.10 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 95.99 624.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 145.79 624.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 163.92 624.10 Td (\(Bluestone ) Tj ET Q q 0 0 0 rg BT 220.40 624.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.30 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.54 624.10 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 302.01 624.10 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 351.82 624.10 Td (management) Tj ET Q q 0 0 0 rg BT 412.23 624.10 Td (s ) Tj ET Q q 0 0 0 rg BT 419.24 624.10 Td (review ) Tj ET Q q 0 0 0 rg BT 450.14 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.49 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.40 624.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 508.42 624.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.11 624.10 Td (af) Tj ET Q q 0 0 0 rg BT 535.27 624.10 Td (fected ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.61 612.10 Td (Company) Tj ET Q q 0 0 0 rg BT 111.45 612.10 Td (s ) Tj ET Q q 0 0 0 rg BT 119.65 612.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.55 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.44 612.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.35 612.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 283.69 612.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.57 612.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.68 612.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 352.24 612.10 Td (months ) Tj ET Q q 0 0 0 rg BT 388.24 612.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 419.25 612.10 Td (December ) Tj ET Q q 0 0 0 rg BT 468.59 612.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 485.70 612.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.94 612.10 Td (. ) Tj ET Q q 0 0 0 rg BT 513.72 612.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.16 612.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 562.50 612.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (was ) Tj ET Q q 0 0 0 rg BT 70.06 600.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 112.86 600.10 Td (as ) Tj ET Q q 0 0 0 rg BT 126.19 600.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.31 600.10 Td (March13, ) Tj ET Q q 0 0 0 rg BT 184.54 600.10 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.79 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.56 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.02 600.10 Td (should ) Tj ET Q q 0 0 0 rg BT 261.26 600.10 Td (be ) Tj ET Q q 0 0 0 rg BT 275.15 600.10 Td (read ) Tj ET Q q 0 0 0 rg BT 297.94 600.10 Td (with ) Tj ET Q q 0 0 0 rg BT 318.50 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.17 600.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 394.10 600.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.56 600.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 485.24 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.70 600.10 Td (related ) Tj ET Q q 0 0 0 rg BT 538.05 600.10 Td (notes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.01 588.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.74 588.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 116.93 588.10 Td (months ) Tj ET Q q 0 0 0 rg BT 152.56 588.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 183.20 588.10 Td (December ) Tj ET Q q 0 0 0 rg BT 232.17 588.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 248.90 588.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.15 588.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.76 588.10 Td (which ) Tj ET Q q 0 0 0 rg BT 305.17 588.10 Td (can ) Tj ET Q q 0 0 0 rg BT 324.12 588.10 Td (be ) Tj ET Q q 0 0 0 rg BT 338.08 588.10 Td (found ) Tj ET Q q 0 0 0 rg BT 365.94 588.10 Td (along ) Tj ET Q q 0 0 0 rg BT 393.25 588.10 Td (with ) Tj ET Q q 0 0 0 rg BT 413.86 588.10 Td (other ) Tj ET Q q 0 0 0 rg BT 439.49 588.10 Td (information ) Tj ET Q q 0 0 0 rg BT 491.80 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.97 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.71 588.10 Td (Company ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 576.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.27 576.10 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 100.37 576.10 Td (at ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 111.3525390625 574.67421875 m 181.376953125 574.67421875 l s q 0 0 1 rg BT 111.35 576.10 Td (www) Tj ET Q q 0 0 1 rg BT 132.47 576.10 Td (.sedar) Tj ET Q q 0 0 1 rg BT 159.71 576.10 Td (.com) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 181.38 576.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.28 576.10 Td (All ) Tj ET Q q 0 0 0 rg BT 200.03 576.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 232.69 576.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.79 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.22 576.10 Td (United ) Tj ET Q q 0 0 0 rg BT 291.77 576.10 Td (States ) Tj ET Q q 0 0 0 rg BT 322.77 576.10 Td (\("U.S."\) ) Tj ET Q q 0 0 0 rg BT 358.62 576.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 390.73 576.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 422.28 576.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 467.72 576.10 Td (stated. ) Tj ET Q q 0 0 0 rg BT 500.39 576.10 Td (References ) Tj ET Q q 0 0 0 rg BT 554.17 576.10 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 564.10 Td (C$ ) Tj ET Q q 0 0 0 rg BT 65.18 564.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.53 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.77 564.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 139.47 564.10 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 174.42 564.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.55 564.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.13 564.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.94 564.10 Td (have ) Tj ET Q q 0 0 0 rg BT 310.52 564.10 Td (been ) Tj ET Q q 0 0 0 rg BT 335.66 564.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 378.59 564.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.27 564.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 443.87 564.10 Td (with ) Tj ET Q q 0 0 0 rg BT 464.54 564.10 Td (International ) Tj ET Q q 0 0 0 rg BT 522.48 564.10 Td (Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 552.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 95.64 552.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 144.00 552.10 Td (\(IFRS\), ) Tj ET Q q 0 0 0 rg BT 185.66 552.10 Td (as ) Tj ET Q q 0 0 0 rg BT 199.00 552.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 230.68 552.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.02 552.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.70 552.10 Td (International ) Tj ET Q q 0 0 0 rg BT 317.97 552.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 370.22 552.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 418.59 552.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 448.05 552.10 Td (\(IASB\).) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I1 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 514.90 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 142.38 514.90 Td (Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 490.90 Td (This ) Tj ET Q q 0 0 0 rg BT 70.83 490.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 99.17 490.90 Td ( ) Tj ET Q q 0 0 0 rg BT 101.60 490.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 141.28 490.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 215.41 490.90 Td (information ) Tj ET Q q 0 0 0 rg BT 270.65 490.90 Td (within ) Tj ET Q q 0 0 0 rg BT 298.65 490.90 Td (the ) Tj ET Q q 0 0 0 rg BT 314.98 490.90 Td (meaning ) Tj ET Q q 0 0 0 rg BT 355.78 490.90 Td (of ) Tj ET Q q 0 0 0 rg BT 366.55 490.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 411.80 490.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 456.47 490.90 Td (legislation ) Tj ET Q q 0 0 0 rg BT 503.38 490.90 Td (and ) Tj ET Q q 0 0 0 rg BT 522.50 490.90 Td (forward-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 478.90 Td (looking ) Tj ET Q q 0 0 0 rg BT 82.78 478.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 136.62 478.90 Td (within ) Tj ET Q q 0 0 0 rg BT 163.78 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 179.27 478.90 Td (meaning ) Tj ET Q q 0 0 0 rg BT 219.22 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.15 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.65 478.90 Td (United ) Tj ET Q q 0 0 0 rg BT 275.15 478.90 Td (States ) Tj ET Q q 0 0 0 rg BT 305.09 478.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 337.81 478.90 Td (Securities ) Tj ET Q q 0 0 0 rg BT 383.30 478.90 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 424.93 478.90 Td (Reform ) Tj ET Q q 0 0 0 rg BT 458.99 478.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 475.03 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 484.96 478.90 Td (1995 ) Tj ET Q q 0 0 0 rg BT 508.80 478.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 559.74 478.90 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 466.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 123.58 466.90 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 183.85 466.90 Td (All ) Tj ET Q q 0 0 0 rg BT 197.35 466.90 Td (statements, ) Tj ET Q q 0 0 0 rg BT 251.42 466.90 Td (other ) Tj ET Q q 0 0 0 rg BT 276.60 466.90 Td (than ) Tj ET Q q 0 0 0 rg BT 298.45 466.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 349.75 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 360.48 466.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 402.33 466.90 Td (fact, ) Tj ET Q q 0 0 0 rg BT 423.61 466.90 Td (which ) Tj ET Q q 0 0 0 rg BT 451.56 466.90 Td (address ) Tj ET Q q 0 0 0 rg BT 489.53 466.90 Td (activities, ) Tj ET Q q 0 0 0 rg BT 533.04 466.90 Td (events ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 454.90 Td (or ) Tj ET Q q 0 0 0 rg BT 61.76 454.90 Td (developments ) Tj ET Q q 0 0 0 rg BT 127.39 454.90 Td (that ) Tj ET Q q 0 0 0 rg BT 147.43 454.90 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 195.28 454.90 Td (believes, ) Tj ET Q q 0 0 0 rg BT 238.11 454.90 Td (expects ) Tj ET Q q 0 0 0 rg BT 275.94 454.90 Td (or ) Tj ET Q q 0 0 0 rg BT 288.20 454.90 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 339.38 454.90 Td (will ) Tj ET Q q 0 0 0 rg BT 356.63 454.90 Td (or ) Tj ET Q q 0 0 0 rg BT 368.89 454.90 Td (may ) Tj ET Q q 0 0 0 rg BT 391.15 454.90 Td (occur ) Tj ET Q q 0 0 0 rg BT 418.97 454.90 Td (in ) Tj ET Q q 0 0 0 rg BT 430.12 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 447.39 454.90 Td (future ) Tj ET Q q 0 0 0 rg BT 476.33 454.90 Td (are ) Tj ET Q q 0 0 0 rg BT 494.15 454.90 Td (forward-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 442.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 101.63 442.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.53 442.90 Td (often ) Tj ET Q q 0 0 0 rg BT 146.99 442.90 Td (use ) Tj ET Q q 0 0 0 rg BT 166.33 442.90 Td (words ) Tj ET Q q 0 0 0 rg BT 196.22 442.90 Td (such ) Tj ET Q q 0 0 0 rg BT 220.56 442.90 Td (as ) Tj ET Q q 0 0 0 rg BT 234.33 442.90 Td (expects, ) Tj ET Q q 0 0 0 rg BT 281.45 442.90 Td (plans, ) Tj ET Q q 0 0 0 rg BT 318.01 442.90 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 378.47 442.90 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 433.92 442.90 Td (intends, ) Tj ET Q q 0 0 0 rg BT 478.82 442.90 Td (may ) Tj ET Q q 0 0 0 rg BT 507.59 442.90 Td (or ) Tj ET Q q 0 0 0 rg BT 519.70 442.90 Td (variations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 430.90 Td (thereof ) Tj ET Q q 0 0 0 rg BT 83.07 430.90 Td (or ) Tj ET Q q 0 0 0 rg BT 94.40 430.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.74 430.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 150.98 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 430.90 Td (any ) Tj ET Q q 0 0 0 rg BT 180.32 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.09 430.90 Td (these ) Tj ET Q q 0 0 0 rg BT 217.99 430.90 Td (terms. ) Tj ET Q q 0 0 0 rg BT 248.21 430.90 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 322.34 430.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 373.68 430.90 Td (contained ) Tj ET Q q 0 0 0 rg BT 419.49 430.90 Td (in ) Tj ET Q q 0 0 0 rg BT 429.71 430.90 Td (this ) Tj ET Q q 0 0 0 rg BT 447.71 430.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 476.05 430.90 Td ( ) Tj ET Q q 0 0 0 rg BT 478.48 430.90 Td (include, ) Tj ET Q q 0 0 0 rg BT 515.39 430.90 Td (but ) Tj ET Q q 0 0 0 rg BT 531.73 430.90 Td (are ) Tj ET Q q 0 0 0 rg BT 548.62 430.90 Td (not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 418.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.90 418.90 Td (to ) Tj ET Q q 0 0 0 rg BT 91.74 418.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 143.16 418.90 Td (with ) Tj ET Q q 0 0 0 rg BT 163.44 418.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 198.74 418.90 Td (to ) Tj ET Q q 0 0 0 rg BT 209.58 418.90 Td (the ) Tj ET Q q 0 0 0 rg BT 225.99 418.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 255.16 418.90 Td (of ) Tj ET Q q 0 0 0 rg BT 266.01 418.90 Td (commercial ) Tj ET Q q 0 0 0 rg BT 319.63 418.90 Td (production ) Tj ET Q q 0 0 0 rg BT 368.83 418.90 Td (at ) Tj ET Q q 0 0 0 rg BT 379.67 418.90 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 418.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 448.29 418.90 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 475.79 418.90 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 508.87 418.90 Td (Gold ) Tj ET Q q 0 0 0 rg BT 532.50 418.90 Td (project ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 406.90 Td (\("Cerro ) Tj ET Q q 0 0 0 rg BT 83.05 406.90 Td (Blanco"\) ) Tj ET Q q 0 0 0 rg BT 122.18 406.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.54 406.90 Td (the ) Tj ET Q q 0 0 0 rg BT 156.11 406.90 Td (generation ) Tj ET Q q 0 0 0 rg BT 205.04 406.90 Td (of ) Tj ET Q q 0 0 0 rg BT 215.05 406.90 Td (material ) Tj ET Q q 0 0 0 rg BT 252.28 406.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 290.09 406.90 Td (by ) Tj ET Q q 0 0 0 rg BT 302.32 406.90 Td (the ) Tj ET Q q 0 0 0 rg BT 317.89 406.90 Td (Company; ) Tj ET Q q 0 0 0 rg BT 365.14 406.90 Td (the ) Tj ET Q q 0 0 0 rg BT 380.71 406.90 Td (proposed ) Tj ET Q q 0 0 0 rg BT 424.08 406.90 Td (timeline, ) Tj ET Q q 0 0 0 rg BT 462.99 406.90 Td (objectives ) Tj ET Q q 0 0 0 rg BT 509.12 406.90 Td (and ) Tj ET Q q 0 0 0 rg BT 527.48 406.90 Td (benefits ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 394.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.92 394.90 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 120.64 394.90 Td (study ) Tj ET Q q 0 0 0 rg BT 147.14 394.90 Td (on ) Tj ET Q q 0 0 0 rg BT 160.85 394.90 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 188.45 394.90 Td (Blanco; ) Tj ET Q q 0 0 0 rg BT 224.39 394.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 275.89 394.90 Td (about ) Tj ET Q q 0 0 0 rg BT 303.51 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 320.00 394.90 Td (Company) Tj ET Q q 0 0 0 rg BT 364.84 394.90 Td (s ) Tj ET Q q 0 0 0 rg BT 372.43 394.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 398.93 394.90 Td (for ) Tj ET Q q 0 0 0 rg BT 413.19 394.90 Td (its ) Tj ET Q q 0 0 0 rg BT 425.78 394.90 Td (mineral ) Tj ET Q q 0 0 0 rg BT 461.16 394.90 Td (properties; ) Tj ET Q q 0 0 0 rg BT 511.00 394.90 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 557.52 394.90 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 382.90 Td (business ) Tj ET Q q 0 0 0 rg BT 91.32 382.90 Td (strategy) Tj ET Q q 0 0 0 rg BT 126.15 382.90 Td (, ) Tj ET Q q 0 0 0 rg BT 131.27 382.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 157.53 382.90 Td (and ) Tj ET Q q 0 0 0 rg BT 176.56 382.90 Td (outlook; ) Tj ET Q q 0 0 0 rg BT 213.93 382.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.18 382.90 Td (future ) Tj ET Q q 0 0 0 rg BT 258.10 382.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.14 382.90 Td (or ) Tj ET Q q 0 0 0 rg BT 308.38 382.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 352.42 382.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 410.91 382.90 Td (of ) Tj ET Q q 0 0 0 rg BT 421.60 382.90 Td (Bluestone; ) Tj ET Q q 0 0 0 rg BT 471.20 382.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.46 382.90 Td (expenditures, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 370.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 94.93 370.90 Td (general ) Tj ET Q q 0 0 0 rg BT 131.48 370.90 Td (and ) Tj ET Q q 0 0 0 rg BT 151.35 370.90 Td (administration ) Tj ET Q q 0 0 0 rg BT 216.79 370.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 262.78 370.90 Td (and ) Tj ET Q q 0 0 0 rg BT 282.65 370.90 Td (exploration ) Tj ET Q q 0 0 0 rg BT 334.76 370.90 Td (and ) Tj ET Q q 0 0 0 rg BT 354.63 370.90 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 403.41 370.90 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 452.18 370.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 495.95 370.90 Td (working ) Tj ET Q q 0 0 0 rg BT 533.60 370.90 Td (capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 358.90 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 112.51 358.90 Td (proposed ) Tj ET Q q 0 0 0 rg BT 156.08 358.90 Td (production ) Tj ET Q q 0 0 0 rg BT 204.66 358.90 Td (timelines ) Tj ET Q q 0 0 0 rg BT 245.99 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 264.55 358.90 Td (rates; ) Tj ET Q q 0 0 0 rg BT 291.43 358.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 326.11 358.90 Td (availability; ) Tj ET Q q 0 0 0 rg BT 376.90 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 395.45 358.90 Td (future ) Tj ET Q q 0 0 0 rg BT 422.90 358.90 Td (exploration ) Tj ET Q q 0 0 0 rg BT 473.69 358.90 Td (and ) Tj ET Q q 0 0 0 rg BT 492.25 358.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.82 358.90 Td (plans. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 334.90 Td (All ) Tj ET Q q 0 0 0 rg BT 62.57 334.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 132.89 334.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 183.75 334.90 Td (are ) Tj ET Q q 0 0 0 rg BT 200.16 334.90 Td (made ) Tj ET Q q 0 0 0 rg BT 227.13 334.90 Td (based ) Tj ET Q q 0 0 0 rg BT 256.33 334.90 Td (on ) Tj ET Q q 0 0 0 rg BT 269.41 334.90 Td (the ) Tj ET Q q 0 0 0 rg BT 285.27 334.90 Td (Company) Tj ET Q q 0 0 0 rg BT 330.11 334.90 Td (s ) Tj ET Q q 0 0 0 rg BT 337.06 334.90 Td (current ) Tj ET Q q 0 0 0 rg BT 370.14 334.90 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 401.00 334.90 Td (as ) Tj ET Q q 0 0 0 rg BT 413.52 334.90 Td (well ) Tj ET Q q 0 0 0 rg BT 432.70 334.90 Td (as ) Tj ET Q q 0 0 0 rg BT 445.22 334.90 Td (various ) Tj ET Q q 0 0 0 rg BT 479.41 334.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 537.50 334.90 Td (made ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 322.90 Td (by ) Tj ET Q q 0 0 0 rg BT 62.89 322.90 Td (them ) Tj ET Q q 0 0 0 rg BT 87.94 322.90 Td (and ) Tj ET Q q 0 0 0 rg BT 107.45 322.90 Td (information ) Tj ET Q q 0 0 0 rg BT 159.74 322.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 200.91 322.90 Td (available ) Tj ET Q q 0 0 0 rg BT 243.21 322.90 Td (to ) Tj ET Q q 0 0 0 rg BT 254.37 322.90 Td (them. ) Tj ET Q q 0 0 0 rg BT 282.21 322.90 Td (Generally) Tj ET Q q 0 0 0 rg BT 324.26 322.90 Td (, ) Tj ET Q q 0 0 0 rg BT 329.86 322.90 Td (these ) Tj ET Q q 0 0 0 rg BT 357.15 322.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 416.11 322.90 Td (include, ) Tj ET Q q 0 0 0 rg BT 453.41 322.90 Td (among ) Tj ET Q q 0 0 0 rg BT 486.81 322.90 Td (others: ) Tj ET Q q 0 0 0 rg BT 520.20 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 536.93 322.90 Td (ability ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 310.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 310.90 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 107.50 310.90 Td (to ) Tj ET Q q 0 0 0 rg BT 118.43 310.90 Td (carry ) Tj ET Q q 0 0 0 rg BT 143.24 310.90 Td (on ) Tj ET Q q 0 0 0 rg BT 156.95 310.90 Td (exploration ) Tj ET Q q 0 0 0 rg BT 208.46 310.90 Td (and ) Tj ET Q q 0 0 0 rg BT 227.74 310.90 Td (development ) Tj ET Q q 0 0 0 rg BT 287.59 310.90 Td (activities; ) Tj ET Q q 0 0 0 rg BT 331.30 310.90 Td (the ) Tj ET Q q 0 0 0 rg BT 347.79 310.90 Td (price ) Tj ET Q q 0 0 0 rg BT 372.06 310.90 Td (of ) Tj ET Q q 0 0 0 rg BT 382.99 310.90 Td (gold, ) Tj ET Q q 0 0 0 rg BT 407.26 310.90 Td (silver ) Tj ET Q q 0 0 0 rg BT 433.18 310.90 Td (and ) Tj ET Q q 0 0 0 rg BT 452.46 310.90 Td (other ) Tj ET Q q 0 0 0 rg BT 477.84 310.90 Td (metals; ) Tj ET Q q 0 0 0 rg BT 512.66 310.90 Td (there ) Tj ET Q q 0 0 0 rg BT 538.05 310.90 Td (being ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 298.90 Td (no ) Tj ET Q q 0 0 0 rg BT 63.43 298.90 Td (material ) Tj ET Q q 0 0 0 rg BT 101.81 298.90 Td (variations ) Tj ET Q q 0 0 0 rg BT 147.41 298.90 Td (in ) Tj ET Q q 0 0 0 rg BT 158.00 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 174.71 298.90 Td (current ) Tj ET Q q 0 0 0 rg BT 208.64 298.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.79 298.90 Td (and ) Tj ET Q q 0 0 0 rg BT 244.28 298.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 291.56 298.90 Td (environment; ) Tj ET Q q 0 0 0 rg BT 352.18 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.89 298.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 415.06 298.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 440.10 298.90 Td (among ) Tj ET Q q 0 0 0 rg BT 473.49 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 490.20 298.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 535.82 298.90 Td (dollar) Tj ET Q q 0 0 0 rg BT 559.72 298.90 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 286.90 Td (Guatemalan ) Tj ET Q q 0 0 0 rg BT 107.41 286.90 Td (quetzal ) Tj ET Q q 0 0 0 rg BT 143.09 286.90 Td (and ) Tj ET Q q 0 0 0 rg BT 163.21 286.90 Td (the ) Tj ET Q q 0 0 0 rg BT 180.55 286.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 203.43 286.90 Td (dollar ) Tj ET Q q 0 0 0 rg BT 231.33 286.90 Td (remaining ) Tj ET Q q 0 0 0 rg BT 278.67 286.90 Td (consistent ) Tj ET Q q 0 0 0 rg BT 327.13 286.90 Td (with ) Tj ET Q q 0 0 0 rg BT 348.35 286.90 Td (current ) Tj ET Q q 0 0 0 rg BT 382.91 286.90 Td (levels; ) Tj ET Q q 0 0 0 rg BT 414.69 286.90 Td (the ) Tj ET Q q 0 0 0 rg BT 432.02 286.90 Td (presence ) Tj ET Q q 0 0 0 rg BT 476.60 286.90 Td (of ) Tj ET Q q 0 0 0 rg BT 488.37 286.90 Td (and ) Tj ET Q q 0 0 0 rg BT 508.49 286.90 Td (continuity ) Tj ET Q q 0 0 0 rg BT 554.17 286.90 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 274.90 Td (metals ) Tj ET Q q 0 0 0 rg BT 80.93 274.90 Td (at ) Tj ET Q q 0 0 0 rg BT 91.25 274.90 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 118.23 274.90 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 150.78 274.90 Td (at ) Tj ET Q q 0 0 0 rg BT 161.10 274.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 206.43 274.90 Td (grades; ) Tj ET Q q 0 0 0 rg BT 241.76 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.64 274.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 305.75 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 316.06 274.90 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 364.74 274.90 Td (machinery ) Tj ET Q q 0 0 0 rg BT 412.84 274.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.50 274.90 Td (equipment ) Tj ET Q q 0 0 0 rg BT 480.18 274.90 Td (at ) Tj ET Q q 0 0 0 rg BT 490.50 274.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 535.83 274.90 Td (prices ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 262.90 Td (and ) Tj ET Q q 0 0 0 rg BT 69.83 262.90 Td (within ) Tj ET Q q 0 0 0 rg BT 99.05 262.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 146.05 262.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 184.16 262.90 Td (times; ) Tj ET Q q 0 0 0 rg BT 214.48 262.90 Td (metals ) Tj ET Q q 0 0 0 rg BT 247.58 262.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 274.58 262.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 304.90 262.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.24 262.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 372.25 262.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 398.13 262.90 Td (assumed; ) Tj ET Q q 0 0 0 rg BT 445.14 262.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 499.38 262.90 Td (discount ) Tj ET Q q 0 0 0 rg BT 540.27 262.90 Td (rates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 250.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 83.88 250.90 Td (to ) Tj ET Q q 0 0 0 rg BT 94.34 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.37 250.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 133.62 250.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 158.53 250.90 Td (in ) Tj ET Q q 0 0 0 rg BT 168.44 250.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 213.36 250.90 Td (analysis; ) Tj ET Q q 0 0 0 rg BT 254.39 250.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.86 250.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 294.22 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 313.03 250.90 Td (royalty ) Tj ET Q q 0 0 0 rg BT 344.61 250.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 368.96 250.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 416.12 250.90 Td (to ) Tj ET Q q 0 0 0 rg BT 426.59 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.62 250.90 Td (proposed ) Tj ET Q q 0 0 0 rg BT 486.44 250.90 Td (mining ) Tj ET Q q 0 0 0 rg BT 518.03 250.90 Td (operation; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 238.90 Td (and ) Tj ET Q q 0 0 0 rg BT 68.96 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 85.64 238.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 134.55 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 145.67 238.90 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 196.82 238.90 Td (financing.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 214.90 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 123.51 214.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.73 214.90 Td (are ) Tj ET Q q 0 0 0 rg BT 191.50 214.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 225.50 214.90 Td (to ) Tj ET Q q 0 0 0 rg BT 236.15 214.90 Td (a ) Tj ET Q q 0 0 0 rg BT 244.02 214.90 Td (number ) Tj ET Q q 0 0 0 rg BT 280.24 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 290.89 214.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 313.76 214.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.76 214.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 391.77 214.90 Td (that ) Tj ET Q q 0 0 0 rg BT 410.76 214.90 Td (may ) Tj ET Q q 0 0 0 rg BT 431.97 214.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 460.96 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.18 214.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 506.18 214.90 Td (results ) Tj ET Q q 0 0 0 rg BT 537.94 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 548.59 214.90 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 202.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.16 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 106.35 202.90 Td (dif) Tj ET Q q 0 0 0 rg BT 116.74 202.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 131.26 202.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 176.91 202.90 Td (from ) Tj ET Q q 0 0 0 rg BT 199.77 202.90 Td (those ) Tj ET Q q 0 0 0 rg BT 227.09 202.90 Td (discussed ) Tj ET Q q 0 0 0 rg BT 274.42 202.90 Td (in ) Tj ET Q q 0 0 0 rg BT 285.06 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.82 202.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 373.04 202.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 424.81 202.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 447.13 202.90 Td (even ) Tj ET Q q 0 0 0 rg BT 471.67 202.90 Td (if ) Tj ET Q q 0 0 0 rg BT 479.53 202.90 Td (such ) Tj ET Q q 0 0 0 rg BT 503.51 202.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 533.06 202.90 Td (results ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 190.90 Td (are ) Tj ET Q q 0 0 0 rg BT 66.42 190.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 103.90 190.90 Td (or ) Tj ET Q q 0 0 0 rg BT 115.26 190.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 172.75 190.90 Td (realized, ) Tj ET Q q 0 0 0 rg BT 213.02 190.90 Td (there ) Tj ET Q q 0 0 0 rg BT 238.27 190.90 Td (can ) Tj ET Q q 0 0 0 rg BT 256.86 190.90 Td (be ) Tj ET Q q 0 0 0 rg BT 270.45 190.90 Td (no ) Tj ET Q q 0 0 0 rg BT 284.04 190.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 332.64 190.90 Td (that ) Tj ET Q q 0 0 0 rg BT 351.78 190.90 Td (they ) Tj ET Q q 0 0 0 rg BT 373.15 190.90 Td (will ) Tj ET Q q 0 0 0 rg BT 389.50 190.90 Td (have ) Tj ET Q q 0 0 0 rg BT 413.65 190.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 190.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 473.07 190.90 Td (consequences ) Tj ET Q q 0 0 0 rg BT 540.03 190.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 553.61 190.90 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 178.90 Td (ef) Tj ET Q q 0 0 0 rg BT 57.66 178.90 Td (fects ) Tj ET Q q 0 0 0 rg BT 81.72 178.90 Td (on, ) Tj ET Q q 0 0 0 rg BT 98.56 178.90 Td (Bluestone. ) Tj ET Q q 0 0 0 rg BT 148.75 178.90 Td (Factors ) Tj ET Q q 0 0 0 rg BT 185.03 178.90 Td (that ) Tj ET Q q 0 0 0 rg BT 204.65 178.90 Td (could ) Tj ET Q q 0 0 0 rg BT 231.49 178.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 261.11 178.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 290.74 178.90 Td (results ) Tj ET Q q 0 0 0 rg BT 323.13 178.90 Td (or ) Tj ET Q q 0 0 0 rg BT 334.96 178.90 Td (events ) Tj ET Q q 0 0 0 rg BT 367.36 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 378.64 178.90 Td (dif) Tj ET Q q 0 0 0 rg BT 389.02 178.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 403.63 178.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 449.35 178.90 Td (from ) Tj ET Q q 0 0 0 rg BT 472.29 178.90 Td (current ) Tj ET Q q 0 0 0 rg BT 506.35 178.90 Td (expectations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 166.90 Td (are ) Tj ET Q q 0 0 0 rg BT 66.42 166.90 Td (included ) Tj ET Q q 0 0 0 rg BT 106.14 166.90 Td (under ) Tj ET Q q 0 0 0 rg BT 134.18 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.55 166.90 Td (heading ) Tj ET Q q 0 0 0 rg BT 188.60 166.90 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 191.93 166.90 Td (Risks ) Tj ET Q q 0 0 0 rg BT 218.84 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 237.99 166.90 Td (Uncertainties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 296.35 166.90 Td ( ) Tj ET Q q 0 0 0 rg BT 302.15 166.90 Td (in ) Tj ET Q q 0 0 0 rg BT 312.40 166.90 Td (this ) Tj ET Q q 0 0 0 rg BT 330.43 166.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 358.77 166.90 Td ( ) Tj ET Q q 0 0 0 rg BT 361.23 166.90 Td (in ) Tj ET Q q 0 0 0 rg BT 371.48 166.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 408.98 166.90 Td (to ) Tj ET Q q 0 0 0 rg BT 419.79 166.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 442.80 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 461.95 166.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 521.12 166.90 Td (related ) Tj ET Q q 0 0 0 rg BT 554.16 166.90 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 154.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 91.75 154.90 Td (production ) Tj ET Q q 0 0 0 rg BT 140.11 154.90 Td (rates, ) Tj ET Q q 0 0 0 rg BT 166.78 154.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 195.12 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 213.47 154.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 248.49 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 258.49 154.90 Td (production ) Tj ET Q q 0 0 0 rg BT 306.85 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.20 154.90 Td (total ) Tj ET Q q 0 0 0 rg BT 345.76 154.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 370.77 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 380.77 154.90 Td (production; ) Tj ET Q q 0 0 0 rg BT 431.91 154.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 454.13 154.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 503.60 154.90 Td (with ) Tj ET Q q 0 0 0 rg BT 523.04 154.90 Td (technical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 142.90 Td (dif) Tj ET Q q 0 0 0 rg BT 59.88 142.90 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 95.20 142.90 Td (in ) Tj ET Q q 0 0 0 rg BT 104.96 142.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 155.30 142.90 Td (with ) Tj ET Q q 0 0 0 rg BT 175.06 142.90 Td (mining ) Tj ET Q q 0 0 0 rg BT 206.49 142.90 Td (development ) Tj ET Q q 0 0 0 rg BT 265.72 142.90 Td (activities; ) Tj ET Q q 0 0 0 rg BT 308.82 142.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 331.34 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 350.00 142.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 408.67 142.90 Td (related ) Tj ET Q q 0 0 0 rg BT 441.22 142.90 Td (to ) Tj ET Q q 0 0 0 rg BT 451.54 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 467.41 142.90 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 509.40 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 519.71 142.90 Td (estimates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 130.90 Td (of ) Tj ET Q q 0 0 0 rg BT 59.54 130.90 Td (future ) Tj ET Q q 0 0 0 rg BT 86.80 130.90 Td (production, ) Tj ET Q q 0 0 0 rg BT 137.98 130.90 Td (future ) Tj ET Q q 0 0 0 rg BT 165.24 130.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.06 130.90 Td (flow) Tj ET Q q 0 0 0 rg BT 205.29 130.90 Td (, ) Tj ET Q q 0 0 0 rg BT 209.77 130.90 Td (total ) Tj ET Q q 0 0 0 rg BT 230.36 130.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.40 130.90 Td (of ) Tj ET Q q 0 0 0 rg BT 265.44 130.90 Td (production ) Tj ET Q q 0 0 0 rg BT 313.83 130.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.21 130.90 Td (diminishing ) Tj ET Q q 0 0 0 rg BT 383.93 130.90 Td (quantities ) Tj ET Q q 0 0 0 rg BT 428.44 130.90 Td (or ) Tj ET Q q 0 0 0 rg BT 439.02 130.90 Td (grades ) Tj ET Q q 0 0 0 rg BT 471.29 130.90 Td (of ) Tj ET Q q 0 0 0 rg BT 481.33 130.90 Td (mineral ) Tj ET Q q 0 0 0 rg BT 515.81 130.90 Td (resources; ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 68.96 118.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 92.29 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 111.76 118.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 171.23 118.90 Td (related ) Tj ET Q q 0 0 0 rg BT 204.59 118.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.71 118.90 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 273.51 118.90 Td (in ) Tj ET Q q 0 0 0 rg BT 284.08 118.90 Td (production.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (2) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 142.38 698.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 204.74 698.50 Td (\(cont'd\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.59 674.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 140.82 674.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 187.59 674.50 Td (speaks ) Tj ET Q q 0 0 0 rg BT 222.13 674.50 Td (only ) Tj ET Q q 0 0 0 rg BT 243.34 674.50 Td (as ) Tj ET Q q 0 0 0 rg BT 256.76 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 267.96 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.72 674.50 Td (date ) Tj ET Q q 0 0 0 rg BT 307.04 674.50 Td (on ) Tj ET Q q 0 0 0 rg BT 321.02 674.50 Td (which ) Tj ET Q q 0 0 0 rg BT 349.45 674.50 Td (it ) Tj ET Q q 0 0 0 rg BT 357.31 674.50 Td (was ) Tj ET Q q 0 0 0 rg BT 377.95 674.50 Td (made, ) Tj ET Q q 0 0 0 rg BT 408.61 674.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 430.93 674.50 Td (except ) Tj ET Q q 0 0 0 rg BT 463.25 674.50 Td (as ) Tj ET Q q 0 0 0 rg BT 476.67 674.50 Td (may ) Tj ET Q q 0 0 0 rg BT 498.42 674.50 Td (be ) Tj ET Q q 0 0 0 rg BT 512.41 674.50 Td (required ) Tj ET Q q 0 0 0 rg BT 551.96 674.50 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 98.76 662.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 145.23 662.50 Td (laws, ) Tj ET Q q 0 0 0 rg BT 172.24 662.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 220.94 662.50 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 266.29 662.50 Td (any ) Tj ET Q q 0 0 0 rg BT 286.64 662.50 Td (intent ) Tj ET Q q 0 0 0 rg BT 315.33 662.50 Td (or ) Tj ET Q q 0 0 0 rg BT 328.45 662.50 Td (obligation ) Tj ET Q q 0 0 0 rg BT 375.49 662.50 Td (to ) Tj ET Q q 0 0 0 rg BT 388.05 662.50 Td (update ) Tj ET Q q 0 0 0 rg BT 422.87 662.50 Td (any ) Tj ET Q q 0 0 0 rg BT 443.22 662.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 515.81 662.50 Td (statement, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 87.51 650.50 Td (as ) Tj ET Q q 0 0 0 rg BT 100.50 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 108.50 650.50 Td (result ) Tj ET Q q 0 0 0 rg BT 135.39 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 146.16 650.50 Td (new ) Tj ET Q q 0 0 0 rg BT 166.94 650.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 221.62 650.50 Td (future ) Tj ET Q q 0 0 0 rg BT 249.62 650.50 Td (events ) Tj ET Q q 0 0 0 rg BT 281.52 650.50 Td (or ) Tj ET Q q 0 0 0 rg BT 292.84 650.50 Td (results ) Tj ET Q q 0 0 0 rg BT 324.73 650.50 Td (or ) Tj ET Q q 0 0 0 rg BT 336.06 650.50 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 383.91 650.50 Td (There ) Tj ET Q q 0 0 0 rg BT 412.46 650.50 Td (can ) Tj ET Q q 0 0 0 rg BT 431.02 650.50 Td (be ) Tj ET Q q 0 0 0 rg BT 444.58 650.50 Td (no ) Tj ET Q q 0 0 0 rg BT 458.13 650.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 506.71 650.50 Td (that ) Tj ET Q q 0 0 0 rg BT 525.82 650.50 Td (forward-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (looking ) Tj ET Q q 0 0 0 rg BT 84.43 638.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 136.59 638.50 Td (will ) Tj ET Q q 0 0 0 rg BT 153.72 638.50 Td (prove ) Tj ET Q q 0 0 0 rg BT 181.98 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 193.57 638.50 Td (be ) Tj ET Q q 0 0 0 rg BT 207.94 638.50 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 252.31 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 272.24 638.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 302.17 638.50 Td (results ) Tj ET Q q 0 0 0 rg BT 334.87 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 354.80 638.50 Td (future ) Tj ET Q q 0 0 0 rg BT 383.62 638.50 Td (events ) Tj ET Q q 0 0 0 rg BT 416.33 638.50 Td (could ) Tj ET Q q 0 0 0 rg BT 443.48 638.50 Td (dif) Tj ET Q q 0 0 0 rg BT 453.86 638.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 468.77 638.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 514.81 638.50 Td (from ) Tj ET Q q 0 0 0 rg BT 538.05 638.50 Td (those ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 100.65 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 111.21 626.50 Td (such ) Tj ET Q q 0 0 0 rg BT 135.11 626.50 Td (statements.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I2 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 589.30 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 99.62 589.30 Td (Person) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 565.30 Td (The ) Tj ET Q q 0 0 0 rg BT 70.38 565.30 Td (scientific ) Tj ET Q q 0 0 0 rg BT 112.36 565.30 Td (and ) Tj ET Q q 0 0 0 rg BT 132.69 565.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 175.80 565.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 224.47 565.30 Td (in ) Tj ET Q q 0 0 0 rg BT 235.90 565.30 Td (this ) Tj ET Q q 0 0 0 rg BT 255.10 565.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 283.44 565.30 Td ( ) Tj ET Q q 0 0 0 rg BT 287.08 565.30 Td (has ) Tj ET Q q 0 0 0 rg BT 306.85 565.30 Td (been ) Tj ET Q q 0 0 0 rg BT 332.74 565.30 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 376.41 565.30 Td (and ) Tj ET Q q 0 0 0 rg BT 396.73 565.30 Td (approved ) Tj ET Q q 0 0 0 rg BT 442.08 565.30 Td (by ) Tj ET Q q 0 0 0 rg BT 456.28 565.30 Td (John ) Tj ET Q q 0 0 0 rg BT 481.61 565.30 Td (Robins, ) Tj ET Q q 0 0 0 rg BT 519.16 565.30 Td (Executive ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 553.30 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 94.37 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 104.23 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 119.65 553.30 Td (Company) Tj ET Q q 0 0 0 rg BT 161.71 553.30 Td (, ) Tj ET Q q 0 0 0 rg BT 166.01 553.30 Td (who ) Tj ET Q q 0 0 0 rg BT 185.87 553.30 Td (is ) Tj ET Q q 0 0 0 rg BT 194.61 553.30 Td (a ) Tj ET Q q 0 0 0 rg BT 201.70 553.30 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 242.68 553.30 Td (Person ) Tj ET Q q 0 0 0 rg BT 275.89 553.30 Td (as ) Tj ET Q q 0 0 0 rg BT 287.97 553.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 322.30 553.30 Td (by ) Tj ET Q q 0 0 0 rg BT 334.38 553.30 Td (National ) Tj ET Q q 0 0 0 rg BT 372.59 553.30 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 421.35 553.30 Td (43-101 ) Tj ET Q q 0 0 0 rg BT 454.01 553.30 Td (- ) Tj ET Q q 0 0 0 rg BT 458.86 553.30 Td (Standards ) Tj ET Q q 0 0 0 rg BT 505.97 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 515.83 553.30 Td (Disclosure ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 541.30 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 541.30 Td (Mineral ) Tj ET Q q 0 0 0 rg BT 99.51 541.30 Td (Projects.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (3) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Overview) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 96.30 674.50 Td (is ) Tj ET Q q 0 0 0 rg BT 105.84 674.50 Td (a ) Tj ET Q q 0 0 0 rg BT 113.72 674.50 Td (development ) Tj ET Q q 0 0 0 rg BT 173.31 674.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 200.09 674.50 Td (natural ) Tj ET Q q 0 0 0 rg BT 232.99 674.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 274.22 674.50 Td (company ) Tj ET Q q 0 0 0 rg BT 317.11 674.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 354.46 674.50 Td (on ) Tj ET Q q 0 0 0 rg BT 367.90 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 384.13 674.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 435.37 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.37 674.50 Td (development ) Tj ET Q q 0 0 0 rg BT 513.96 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 524.62 674.50 Td (its ) Tj ET Q q 0 0 0 rg BT 536.94 674.50 Td (100% ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 81.31 662.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 108.66 662.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 141.57 662.50 Td (Gold ) Tj ET Q q 0 0 0 rg BT 165.04 662.50 Td (project ) Tj ET Q q 0 0 0 rg BT 197.39 662.50 Td (and ) Tj ET Q q 0 0 0 rg BT 216.42 662.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 237.65 662.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 292.24 662.50 Td (project ) Tj ET Q q 0 0 0 rg BT 324.60 662.50 Td (\("Mita ) Tj ET Q q 0 0 0 rg BT 352.71 662.50 Td (Geothermal"\), ) Tj ET Q q 0 0 0 rg BT 416.95 662.50 Td (both ) Tj ET Q q 0 0 0 rg BT 438.76 662.50 Td (located ) Tj ET Q q 0 0 0 rg BT 473.35 662.50 Td (in ) Tj ET Q q 0 0 0 rg BT 483.47 662.50 Td (Guatemala. ) Tj ET Q q 0 0 0 rg BT 537.51 662.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 81.82 650.50 Td (is ) Tj ET Q q 0 0 0 rg BT 90.78 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 98.08 650.50 Td (proposed ) Tj ET Q q 0 0 0 rg BT 141.52 650.50 Td (underground ) Tj ET Q q 0 0 0 rg BT 199.97 650.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 220.61 650.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 251.81 650.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 295.25 650.50 Td (located ) Tj ET Q q 0 0 0 rg BT 329.24 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 338.76 650.50 Td (southeast ) Tj ET Q q 0 0 0 rg BT 383.86 650.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 434.52 650.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 498.51 650.50 Td (160 ) Tj ET Q q 0 0 0 rg BT 516.93 650.50 Td (kilometers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (by ) Tj ET Q q 0 0 0 rg BT 62.52 638.50 Td (road ) Tj ET Q q 0 0 0 rg BT 85.00 638.50 Td (from ) Tj ET Q q 0 0 0 rg BT 107.46 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.82 638.50 Td (capital, ) Tj ET Q q 0 0 0 rg BT 157.97 638.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 209.34 638.50 Td (City) Tj ET Q q 0 0 0 rg BT 225.82 638.50 Td (. ) Tj ET Q q 0 0 0 rg BT 231.06 638.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 252.42 638.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 307.12 638.50 Td (is ) Tj ET Q q 0 0 0 rg BT 316.80 638.50 Td (a ) Tj ET Q q 0 0 0 rg BT 324.83 638.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 377.32 638.50 Td (energy ) Tj ET Q q 0 0 0 rg BT 410.35 638.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 451.72 638.50 Td (located ) Tj ET Q q 0 0 0 rg BT 486.43 638.50 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 526.70 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 537.50 638.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (Blanco. ) Tj ET Q q 0 0 0 rg BT 85.24 626.50 Td (The ) Tj ET Q q 0 0 0 rg BT 105.01 626.50 Td (Company) Tj ET Q q 0 0 0 rg BT 149.85 626.50 Td (s ) Tj ET Q q 0 0 0 rg BT 157.40 626.50 Td (head ) Tj ET Q q 0 0 0 rg BT 182.19 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 201.42 626.50 Td (registered ) Tj ET Q q 0 0 0 rg BT 248.44 626.50 Td (of) Tj ET Q q 0 0 0 rg BT 256.60 626.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 274.70 626.50 Td (is ) Tj ET Q q 0 0 0 rg BT 284.47 626.50 Td (located ) Tj ET Q q 0 0 0 rg BT 319.26 626.50 Td (at ) Tj ET Q q 0 0 0 rg BT 330.15 626.50 Td (1020 ) Tj ET Q q 0 0 0 rg BT 354.94 626.50 Td (- ) Tj ET Q q 0 0 0 rg BT 360.82 626.50 Td (800 ) Tj ET Q q 0 0 0 rg BT 380.05 626.50 Td (W) Tj ET Q q 0 0 0 rg BT 389.31 626.50 Td (est ) Tj ET Q q 0 0 0 rg BT 405.19 626.50 Td (Pender ) Tj ET Q q 0 0 0 rg BT 439.99 626.50 Td (Street, ) Tj ET Q q 0 0 0 rg BT 471.99 626.50 Td (V) Tj ET Q q 0 0 0 rg BT 477.92 626.50 Td (ancouver) Tj ET Q q 0 0 0 rg BT 518.50 626.50 Td (, ) Tj ET Q q 0 0 0 rg BT 523.83 626.50 Td (BC, ) Tj ET Q q 0 0 0 rg BT 543.05 626.50 Td (V6C ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (2V6. ) Tj ET Q q 0 0 0 rg BT 72.61 614.50 Td (The ) Tj ET Q q 0 0 0 rg BT 92.55 614.50 Td (Company) Tj ET Q q 0 0 0 rg BT 137.39 614.50 Td (s ) Tj ET Q q 0 0 0 rg BT 145.10 614.50 Td (common ) Tj ET Q q 0 0 0 rg BT 186.15 614.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.88 614.50 Td (are ) Tj ET Q q 0 0 0 rg BT 236.04 614.50 Td (listed ) Tj ET Q q 0 0 0 rg BT 262.10 614.50 Td (on ) Tj ET Q q 0 0 0 rg BT 275.93 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 292.36 614.50 Td (TSX ) Tj ET Q q 0 0 0 rg BT 314.52 614.50 Td (V) Tj ET Q q 0 0 0 rg BT 320.64 614.50 Td (enture ) Tj ET Q q 0 0 0 rg BT 351.71 614.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 398.89 614.50 Td (\(TSXV\) ) Tj ET Q q 0 0 0 rg BT 441.04 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 460.44 614.50 Td (trade ) Tj ET Q q 0 0 0 rg BT 485.94 614.50 Td (under ) Tj ET Q q 0 0 0 rg BT 514.23 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 530.84 614.50 Td (symbol ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td ('BSR'. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.56 578.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.18 578.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.16 578.50 Td (its ) Tj ET Q q 0 0 0 rg BT 190.98 578.50 Td (share ) Tj ET Q q 0 0 0 rg BT 219.82 578.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 252.56 578.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.51 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 285.23 578.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 312.40 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 324.57 578.50 Td (five ) Tj ET Q q 0 0 0 rg BT 343.96 578.50 Td (old ) Tj ET Q q 0 0 0 rg BT 361.13 578.50 Td (common ) Tj ET Q q 0 0 0 rg BT 403.30 578.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 437.14 578.50 Td (for ) Tj ET Q q 0 0 0 rg BT 452.63 578.50 Td (one ) Tj ET Q q 0 0 0 rg BT 473.14 578.50 Td (new ) Tj ET Q q 0 0 0 rg BT 495.31 578.50 Td (common ) Tj ET Q q 0 0 0 rg BT 537.48 578.50 Td (share ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (ef) Tj ET Q q 0 0 0 rg BT 57.66 566.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 89.06 566.50 Td (May ) Tj ET Q q 0 0 0 rg BT 110.46 566.50 Td (24, ) Tj ET Q q 0 0 0 rg BT 126.87 566.50 Td (2017. ) Tj ET Q q 0 0 0 rg BT 154.40 566.50 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 210.83 566.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.67 566.50 Td (options ) Tj ET Q q 0 0 0 rg BT 271.42 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 290.61 566.50 Td (warrants ) Tj ET Q q 0 0 0 rg BT 331.46 566.50 Td (were ) Tj ET Q q 0 0 0 rg BT 355.64 566.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 395.95 566.50 Td (by ) Tj ET Q q 0 0 0 rg BT 409.02 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 425.42 566.50 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 486.30 566.50 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 510.54 566.50 Td (All ) Tj ET Q q 0 0 0 rg BT 524.16 566.50 Td (common ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 82.29 554.50 Td (and ) Tj ET Q q 0 0 0 rg BT 101.76 554.50 Td (per ) Tj ET Q q 0 0 0 rg BT 118.99 554.50 Td (share ) Tj ET Q q 0 0 0 rg BT 146.78 554.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 187.91 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 198.47 554.50 Td (this ) Tj ET Q q 0 0 0 rg BT 216.81 554.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 245.15 554.50 Td ( ) Tj ET Q q 0 0 0 rg BT 247.93 554.50 Td (have ) Tj ET Q q 0 0 0 rg BT 272.40 554.50 Td (been ) Tj ET Q q 0 0 0 rg BT 297.42 554.50 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 354.10 554.50 Td (restated ) Tj ET Q q 0 0 0 rg BT 393.02 554.50 Td (to ) Tj ET Q q 0 0 0 rg BT 404.13 554.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 434.14 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 450.82 554.50 Td (share ) Tj ET Q q 0 0 0 rg BT 478.62 554.50 Td (consolidation.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I3 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (Highlights ) Tj ET Q q 0 0 0 rg BT 106.33 516.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.05 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.60 516.10 Td (Four ) Tj ET Q q 0 0 0 rg BT 171.10 516.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.71 516.10 Td (Thirteen ) Tj ET Q q 0 0 0 rg BT 240.16 516.10 Td (Months ) Tj ET Q q 0 0 0 rg BT 282.32 516.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 318.98 516.10 Td (December ) Tj ET Q q 0 0 0 rg BT 375.24 516.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.58 516.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 492.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 492.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.51 492.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.09 492.10 Td (had ) Tj ET Q q 0 0 0 rg BT 170.55 492.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.45 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.91 492.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.81 492.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 291.18 492.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 302.30 492.10 Td ($30.2 ) Tj ET Q q 0 0 0 rg BT 330.10 492.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.44 492.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.22 492.10 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.34 492.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.93 492.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.17 492.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 468.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 468.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 130.39 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.38 468.10 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 169.03 468.10 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 202.25 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.58 468.10 Td (Mita ) Tj ET Q q 0 0 0 rg BT 243.12 468.10 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 298.01 468.10 Td (from ) Tj ET Q q 0 0 0 rg BT 320.65 468.10 Td (Goldcorp ) Tj ET Q q 0 0 0 rg BT 363.88 468.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 382.64 468.10 Td (\("Goldcorp"\) ) Tj ET Q q 0 0 0 rg BT 439.62 468.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 488.40 468.10 Td (on ) Tj ET Q q 0 0 0 rg BT 502.17 468.10 Td (May ) Tj ET Q q 0 0 0 rg BT 523.71 468.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.26 468.10 Td (2017 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.95 456.10 Td (total ) Tj ET Q q 0 0 0 rg BT 121.63 456.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 183.89 456.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.01 456.10 Td ($23,184,307) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.62 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.40 456.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 304.33 456.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.89 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.57 456.10 Td ("Acquisition"\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 432.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 432.10 Td (Issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.08 432.10 Td (55,886,032) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.13 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.25 432.10 Td (common ) Tj ET Q q 0 0 0 rg BT 209.72 432.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 241.86 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.32 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.34 432.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.26 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.17 432.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 358.09 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.55 432.10 Td (private ) Tj ET Q q 0 0 0 rg BT 400.68 432.10 Td (placements ) Tj ET Q q 0 0 0 rg BT 453.94 432.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.73 432.10 Td (net ) Tj ET Q q 0 0 0 rg BT 483.76 432.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 527.02 432.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 537.48 432.10 Td ($57.3 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 420.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.84 420.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.62 420.10 Td (during ) Tj ET Q q 0 0 0 rg BT 147.19 420.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.87 420.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 200.01 420.10 Td (months ) Tj ET Q q 0 0 0 rg BT 235.58 420.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 266.16 420.10 Td (December ) Tj ET Q q 0 0 0 rg BT 315.07 420.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 331.75 420.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.00 420.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 396.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 396.10 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 126.63 396.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 157.74 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.08 396.10 Td (auxiliary ) Tj ET Q q 0 0 0 rg BT 214.42 396.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 262.78 396.10 Td (from ) Tj ET Q q 0 0 0 rg BT 284.44 396.10 Td (Goldcorp's ) Tj ET Q q 0 0 0 rg BT 333.58 396.10 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 362.46 396.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 385.80 396.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.24 396.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 456.38 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.37 396.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 487.49 396.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.49 396.10 Td (previously ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 384.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 131.65 384.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.21 384.10 Td (Goldcorp ) Tj ET Q q 0 0 0 rg BT 195.56 384.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.01 384.10 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 240.02 384.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 264.47 384.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 316.73 384.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.07 384.10 Td (was ) Tj ET Q q 0 0 0 rg BT 365.63 384.10 Td (included ) Tj ET Q q 0 0 0 rg BT 405.66 384.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.00 384.10 Td (part ) Tj ET Q q 0 0 0 rg BT 439.01 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.13 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.26 384.10 Td (Acquisition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 360.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 360.10 Td (Commenced ) Tj ET Q q 0 0 0 rg BT 144.19 360.10 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 171.20 360.10 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 203.78 360.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 246.91 360.10 Td (study ) Tj ET Q q 0 0 0 rg BT 272.81 360.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 292.05 360.10 Td ("Feasibility ) Tj ET Q q 0 0 0 rg BT 342.06 360.10 Td (Study"\) ) Tj ET Q q 0 0 0 rg BT 376.51 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.20 360.10 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 422.22 360.10 Td (m ) Tj ET Q q 0 0 0 rg BT 432.56 360.10 Td (surface ) Tj ET Q q 0 0 0 rg BT 467.35 360.10 Td (diamond ) Tj ET Q q 0 0 0 rg BT 507.71 360.10 Td (drill ) Tj ET Q q 0 0 0 rg BT 525.27 360.10 Td (program ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 348.10 Td (during ) Tj ET Q q 0 0 0 rg BT 116.08 348.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.76 348.10 Td (four ) Tj ET Q q 0 0 0 rg BT 152.77 348.10 Td (months ) Tj ET Q q 0 0 0 rg BT 188.34 348.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.92 348.10 Td (December ) Tj ET Q q 0 0 0 rg BT 267.83 348.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.51 348.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.75 348.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 324.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 324.10 Td (Incurred ) Tj ET Q q 0 0 0 rg BT 125.97 324.10 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 149.21 324.10 Td (million ) Tj ET Q q 0 0 0 rg BT 181.33 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.79 324.10 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 225.04 324.10 Td (million ) Tj ET Q q 0 0 0 rg BT 257.16 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.28 324.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 321.98 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.45 324.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 391.82 324.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 438.41 324.10 Td (during ) Tj ET Q q 0 0 0 rg BT 469.99 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.67 324.10 Td (four ) Tj ET Q q 0 0 0 rg BT 508.68 324.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.15 324.10 Td (thirteen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 312.10 Td (months ) Tj ET Q q 0 0 0 rg BT 121.07 312.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.66 312.10 Td (December ) Tj ET Q q 0 0 0 rg BT 200.56 312.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 217.24 312.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.49 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.05 312.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 297.10 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.66 312.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 329.89 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.01 312.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 381.59 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.16 312.10 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 451.64 312.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 494.44 312.10 Td (estimates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 288.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 288.10 Td (For ) Tj ET Q q 0 0 0 rg BT 103.00 288.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 119.41 288.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 155.27 288.10 Td (months ) Tj ET Q q 0 0 0 rg BT 190.57 288.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 220.88 288.10 Td (December ) Tj ET Q q 0 0 0 rg BT 269.51 288.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 285.92 288.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.16 288.10 Td (, ) Tj ET Q q 0 0 0 rg BT 313.45 288.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.85 288.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.15 288.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 414.90 288.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.97 288.10 Td (net ) Tj ET Q q 0 0 0 rg BT 439.38 288.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 459.66 288.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.51 288.10 Td ($8.4 ) Tj ET Q q 0 0 0 rg BT 492.47 288.10 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.81 288.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.10 288.10 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 537.49 288.10 Td ($0.25) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 276.10 Td (per ) Tj ET Q q 0 0 0 rg BT 102.73 276.10 Td (share.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 252.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 252.10 Td (Appointed ) Tj ET Q q 0 0 0 rg BT 132.65 252.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 143.76 252.10 Td (. ) Tj ET Q q 0 0 0 rg BT 148.66 252.10 Td (Darren ) Tj ET Q q 0 0 0 rg BT 181.34 252.10 Td (Klinck ) Tj ET Q q 0 0 0 rg BT 210.13 252.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.80 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.82 252.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 290.64 252.10 Td (President ) Tj ET Q q 0 0 0 rg BT 335.00 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.80 252.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 379.26 252.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 424.73 252.10 Td (Of) Tj ET Q q 0 0 0 rg BT 435.10 252.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 456.11 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.91 252.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 486.02 252.10 Td (. ) Tj ET Q q 0 0 0 rg BT 490.91 252.10 Td (Peter ) Tj ET Q q 0 0 0 rg BT 516.93 252.10 Td (Hemstead ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 240.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.51 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.85 240.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 167.00 240.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 192.79 240.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 235.26 240.10 Td (Of) Tj ET Q q 0 0 0 rg BT 245.63 240.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 266.97 240.10 Td (during ) Tj ET Q q 0 0 0 rg BT 297.21 240.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.56 240.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 349.36 240.10 Td (months ) Tj ET Q q 0 0 0 rg BT 384.60 240.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.85 240.10 Td (December ) Tj ET Q q 0 0 0 rg BT 463.42 240.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 479.77 240.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 502.01 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.46 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.24 240.10 Td (strengthen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 228.10 Td (leadership ) Tj ET Q q 0 0 0 rg BT 134.42 228.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 186.67 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.79 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 228.10 Td (Company) Tj ET Q q 0 0 0 rg BT 256.53 228.10 Td (.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (4) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Project ) Tj ET Q q 0 0 0 rg BT 89.85 698.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 161.98 698.50 Td (Updates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (On ) Tj ET Q q 0 0 0 rg BT 64.60 674.50 Td (May ) Tj ET Q q 0 0 0 rg BT 85.25 674.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 100.90 674.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 127.68 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 143.34 674.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.90 674.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 235.79 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 251.45 674.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 300.46 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 310.55 674.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 337.89 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 347.98 674.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 374.75 674.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 407.08 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 425.52 674.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 446.17 674.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 500.17 674.50 Td (from ) Tj ET Q q 0 0 0 rg BT 521.93 674.50 Td (Goldcorp ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.00 662.50 Td (its ) Tj ET Q q 0 0 0 rg BT 81.82 662.50 Td (af) Tj ET Q q 0 0 0 rg BT 89.98 662.50 Td (filiates ) Tj ET Q q 0 0 0 rg BT 121.15 662.50 Td (for ) Tj ET Q q 0 0 0 rg BT 135.63 662.50 Td (total ) Tj ET Q q 0 0 0 rg BT 157.35 662.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 219.66 662.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.81 662.50 Td ($23,184,307) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.42 662.50 Td (. ) Tj ET Q q 0 0 0 rg BT 292.02 662.50 Td (In ) Tj ET Q q 0 0 0 rg BT 303.18 662.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 343.81 662.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.53 662.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 406.14 662.50 Td (made ) Tj ET Q q 0 0 0 rg BT 433.98 662.50 Td (a ) Tj ET Q q 0 0 0 rg BT 442.36 662.50 Td ($2,000,000 ) Tj ET Q q 0 0 0 rg BT 495.23 662.50 Td (non-refundable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 85.37 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 105.67 650.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 147.65 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 156.83 650.50 Td (right ) Tj ET Q q 0 0 0 rg BT 179.90 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.86 650.50 Td (first ) Tj ET Q q 0 0 0 rg BT 211.59 650.50 Td (refusal ) Tj ET Q q 0 0 0 rg BT 245.22 650.50 Td (on ) Tj ET Q q 0 0 0 rg BT 259.97 650.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.60 650.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 326.12 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 346.43 650.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 396.75 650.50 Td (at ) Tj ET Q q 0 0 0 rg BT 408.71 650.50 Td (Goldcorp) Tj ET Q q 0 0 0 rg BT 451.32 650.50 Td (s ) Tj ET Q q 0 0 0 rg BT 459.94 650.50 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 490.79 650.50 Td (mine, ) Tj ET Q q 0 0 0 rg BT 518.86 650.50 Td (located ) Tj ET Q q 0 0 0 rg BT 554.73 650.50 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 100.54 638.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 119.89 638.50 Td ("Marlin ) Tj ET Q q 0 0 0 rg BT 152.79 638.50 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 202.71 638.50 Td (ROFR"\). ) Tj ET Q q 0 0 0 rg BT 242.40 638.50 Td (As ) Tj ET Q q 0 0 0 rg BT 256.19 638.50 Td (a ) Tj ET Q q 0 0 0 rg BT 263.87 638.50 Td (part ) Tj ET Q q 0 0 0 rg BT 283.23 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 293.69 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.29 638.50 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 362.55 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 378.57 638.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 423.49 638.50 Td (is ) Tj ET Q q 0 0 0 rg BT 432.83 638.50 Td (required ) Tj ET Q q 0 0 0 rg BT 471.64 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 482.10 638.50 Td (make ) Tj ET Q q 0 0 0 rg BT 508.67 638.50 Td (a ) Tj ET Q q 0 0 0 rg BT 516.35 638.50 Td (contingent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 90.63 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 101.75 626.50 Td ($15,000,000 ) Tj ET Q q 0 0 0 rg BT 160.14 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 171.25 626.50 Td (Goldcorp ) Tj ET Q q 0 0 0 rg BT 214.60 626.50 Td (within ) Tj ET Q q 0 0 0 rg BT 242.95 626.50 Td (six ) Tj ET Q q 0 0 0 rg BT 257.95 626.50 Td (months ) Tj ET Q q 0 0 0 rg BT 293.52 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.63 626.50 Td (commencement ) Tj ET Q q 0 0 0 rg BT 378.55 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 389.66 626.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 443.56 626.50 Td (production ) Tj ET Q q 0 0 0 rg BT 493.04 626.50 Td (at ) Tj ET Q q 0 0 0 rg BT 504.15 626.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 531.93 626.50 Td (Blanco ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.89 614.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 87.71 614.50 Td (Goldcorp ) Tj ET Q q 0 0 0 rg BT 130.99 614.50 Td (a ) Tj ET Q q 0 0 0 rg BT 139.25 614.50 Td (1% ) Tj ET Q q 0 0 0 rg BT 156.41 614.50 Td (net ) Tj ET Q q 0 0 0 rg BT 173.01 614.50 Td (smelter ) Tj ET Q q 0 0 0 rg BT 208.50 614.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 242.32 614.50 Td (royalty ) Tj ET Q q 0 0 0 rg BT 274.48 614.50 Td (on ) Tj ET Q q 0 0 0 rg BT 288.30 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.91 614.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 325.95 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 337.00 614.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 358.60 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.99 614.50 Td (silver ) Tj ET Q q 0 0 0 rg BT 404.03 614.50 Td (produced ) Tj ET Q q 0 0 0 rg BT 448.43 614.50 Td (from ) Tj ET Q q 0 0 0 rg BT 471.13 614.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 498.84 614.50 Td (Blanco. ) Tj ET Q q 0 0 0 rg BT 534.72 614.50 Td (These ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 98.06 602.50 Td (considerations ) Tj ET Q q 0 0 0 rg BT 164.96 602.50 Td (were ) Tj ET Q q 0 0 0 rg BT 189.05 602.50 Td (not ) Tj ET Q q 0 0 0 rg BT 205.36 602.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.69 602.50 Td (at ) Tj ET Q q 0 0 0 rg BT 267.45 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.76 602.50 Td (date ) Tj ET Q q 0 0 0 rg BT 305.64 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 316.39 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 332.23 602.50 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 385.62 602.50 Td (The ) Tj ET Q q 0 0 0 rg BT 404.79 602.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 455.56 602.50 Td (was ) Tj ET Q q 0 0 0 rg BT 475.76 602.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 524.32 602.50 Td (for ) Tj ET Q q 0 0 0 rg BT 538.40 602.50 Td (as ) Tj ET Q q 0 0 0 rg BT 551.38 602.50 Td (an ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 99.53 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 110.65 590.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 142.33 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.79 590.50 Td (assumption ) Tj ET Q q 0 0 0 rg BT 215.71 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 226.82 590.50 Td (liabilities.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 78.95 566.50 Td (Blanco) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.28 542.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 114.63 542.50 Td (has ) Tj ET Q q 0 0 0 rg BT 133.31 542.50 Td (one ) Tj ET Q q 0 0 0 rg BT 152.54 542.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 192.34 542.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 224.35 542.50 Td (property ) Tj ET Q q 0 0 0 rg BT 263.58 542.50 Td (interest, ) Tj ET Q q 0 0 0 rg BT 301.71 542.50 Td (namely ) Tj ET Q q 0 0 0 rg BT 336.49 542.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 364.05 542.50 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 399.96 542.50 Td (a ) Tj ET Q q 0 0 0 rg BT 408.07 542.50 Td (proposed ) Tj ET Q q 0 0 0 rg BT 452.32 542.50 Td (underground ) Tj ET Q q 0 0 0 rg BT 511.59 542.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 533.04 542.50 Td (mining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 94.36 530.50 Td (located ) Tj ET Q q 0 0 0 rg BT 129.78 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 140.72 530.50 Td (southern ) Tj ET Q q 0 0 0 rg BT 182.80 530.50 Td (Guatemala. ) Tj ET Q q 0 0 0 rg BT 237.66 530.50 Td (Entre ) Tj ET Q q 0 0 0 rg BT 264.73 530.50 Td (Mares ) Tj ET Q q 0 0 0 rg BT 295.68 530.50 Td (de ) Tj ET Q q 0 0 0 rg BT 309.97 530.50 Td (Guatemala, ) Tj ET Q q 0 0 0 rg BT 364.83 530.50 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 386.89 530.50 Td (\("Entre ) Tj ET Q q 0 0 0 rg BT 420.83 530.50 Td (Mares"\), ) Tj ET Q q 0 0 0 rg BT 461.44 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 478.51 530.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 531.38 530.50 Td (wholly-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 81.75 518.50 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 126.02 518.50 Td (, ) Tj ET Q q 0 0 0 rg BT 131.58 518.50 Td (is ) Tj ET Q q 0 0 0 rg BT 141.58 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.26 518.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 186.61 518.50 Td (owner ) Tj ET Q q 0 0 0 rg BT 216.63 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 227.75 518.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 255.53 518.50 Td (Blanco.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (On ) Tj ET Q q 0 0 0 rg BT 65.42 494.50 Td (February ) Tj ET Q q 0 0 0 rg BT 108.01 494.50 Td (7, ) Tj ET Q q 0 0 0 rg BT 118.93 494.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 146.54 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.02 494.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.40 494.50 Td (announced ) Tj ET Q q 0 0 0 rg BT 260.47 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 276.95 494.50 Td (results ) Tj ET Q q 0 0 0 rg BT 308.99 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 319.91 494.50 Td (a ) Tj ET Q q 0 0 0 rg BT 328.05 494.50 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 379.53 494.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 424.91 494.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 480.84 494.50 Td (in ) Tj ET Q q 0 0 0 rg BT 491.20 494.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 526.58 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 537.50 494.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (Blanco. ) Tj ET Q q 0 0 0 rg BT 86.21 482.50 Td (The ) Tj ET Q q 0 0 0 rg BT 107.03 482.50 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 159.51 482.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 205.90 482.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 262.84 482.50 Td (is ) Tj ET Q q 0 0 0 rg BT 273.65 482.50 Td (titled ) Tj ET Q q 0 0 0 rg BT 298.36 482.50 Td ("Preliminary ) Tj ET Q q 0 0 0 rg BT 355.51 482.50 Td (Economic ) Tj ET Q q 0 0 0 rg BT 402.29 482.50 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 460.34 482.50 Td (in ) Tj ET Q q 0 0 0 rg BT 471.71 482.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 508.09 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 520.01 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 537.50 482.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 82.35 470.50 Td (Gold ) Tj ET Q q 0 0 0 rg BT 105.75 470.50 Td (project, ) Tj ET Q q 0 0 0 rg BT 140.82 470.50 Td (Guatemala" ) Tj ET Q q 0 0 0 rg BT 195.56 470.50 Td (ef) Tj ET Q q 0 0 0 rg BT 203.72 470.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 234.90 470.50 Td (February ) Tj ET Q q 0 0 0 rg BT 277.19 470.50 Td (7, ) Tj ET Q q 0 0 0 rg BT 287.81 470.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 315.11 470.50 Td (with ) Tj ET Q q 0 0 0 rg BT 335.17 470.50 Td (a ) Tj ET Q q 0 0 0 rg BT 343.01 470.50 Td (report ) Tj ET Q q 0 0 0 rg BT 371.41 470.50 Td (date ) Tj ET Q q 0 0 0 rg BT 393.14 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.76 470.50 Td (March ) Tj ET Q q 0 0 0 rg BT 433.82 470.50 Td (20, ) Tj ET Q q 0 0 0 rg BT 450.00 470.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 474.52 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 493.48 470.50 Td (as ) Tj ET Q q 0 0 0 rg BT 506.32 470.50 Td (revised ) Tj ET Q q 0 0 0 rg BT 540.83 470.50 Td (June ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (2, ) Tj ET Q q 0 0 0 rg BT 60.23 458.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 84.86 458.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 104.48 458.50 Td ("PEA"\). ) Tj ET Q q 0 0 0 rg BT 139.92 458.50 Td (The ) Tj ET Q q 0 0 0 rg BT 159.54 458.50 Td (PEA) Tj ET Q q 0 0 0 rg BT 179.00 458.50 Td ( ) Tj ET Q q 0 0 0 rg BT 181.39 458.50 Td (is ) Tj ET Q q 0 0 0 rg BT 190.99 458.50 Td (available ) Tj ET Q q 0 0 0 rg BT 232.85 458.50 Td (under ) Tj ET Q q 0 0 0 rg BT 260.82 458.50 Td (Bluestone's ) Tj ET Q q 0 0 0 rg BT 314.59 458.50 Td (issuer ) Tj ET Q q 0 0 0 rg BT 343.65 458.50 Td (profile ) Tj ET Q q 0 0 0 rg BT 373.27 458.50 Td (on ) Tj ET Q q 0 0 0 rg BT 386.78 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.07 458.50 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 439.91 458.50 Td (website ) Tj ET Q q 0 0 0 rg BT 476.20 458.50 Td (at: ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 489.70556640625 457.07421875 m 559.72998046875 457.07421875 l s q 0 0 1 rg BT 489.71 458.50 Td (www) Tj ET Q q 0 0 1 rg BT 510.82 458.50 Td (.sedar) Tj ET Q q 0 0 1 rg BT 538.06 458.50 Td (.com) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 559.73 458.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (During ) Tj ET Q q 0 0 0 rg BT 81.11 434.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.17 434.50 Td (four ) Tj ET Q q 0 0 0 rg BT 116.55 434.50 Td (months ) Tj ET Q q 0 0 0 rg BT 151.50 434.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 181.46 434.50 Td (December ) Tj ET Q q 0 0 0 rg BT 229.75 434.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 245.80 434.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.05 434.50 Td (, ) Tj ET Q q 0 0 0 rg BT 272.98 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.04 434.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.99 434.50 Td (initiated ) Tj ET Q q 0 0 0 rg BT 370.61 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.67 434.50 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 433.28 434.50 Td (Study ) Tj ET Q q 0 0 0 rg BT 461.00 434.50 Td (on ) Tj ET Q q 0 0 0 rg BT 474.28 434.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 501.44 434.50 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 536.95 434.50 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (is ) Tj ET Q q 0 0 0 rg BT 58.79 422.50 Td (being ) Tj ET Q q 0 0 0 rg BT 85.32 422.50 Td (led ) Tj ET Q q 0 0 0 rg BT 100.73 422.50 Td (by ) Tj ET Q q 0 0 0 rg BT 113.36 422.50 Td (JDS ) Tj ET Q q 0 0 0 rg BT 134.32 422.50 Td (Energy ) Tj ET Q q 0 0 0 rg BT 168.07 422.50 Td (& ) Tj ET Q q 0 0 0 rg BT 176.80 422.50 Td (Mining ) Tj ET Q q 0 0 0 rg BT 208.33 422.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 226.38 422.50 Td (The ) Tj ET Q q 0 0 0 rg BT 245.67 422.50 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 292.20 422.50 Td (Study ) Tj ET Q q 0 0 0 rg BT 319.84 422.50 Td (continues ) Tj ET Q q 0 0 0 rg BT 364.71 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 375.11 422.50 Td (advance ) Tj ET Q q 0 0 0 rg BT 414.99 422.50 Td (with ) Tj ET Q q 0 0 0 rg BT 434.84 422.50 Td (a ) Tj ET Q q 0 0 0 rg BT 442.46 422.50 Td (key ) Tj ET Q q 0 0 0 rg BT 460.09 422.50 Td (input ) Tj ET Q q 0 0 0 rg BT 483.84 422.50 Td (being ) Tj ET Q q 0 0 0 rg BT 510.38 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.34 422.50 Td (updated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 89.89 410.50 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 131.95 410.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 174.02 410.50 Td (mid-year ) Tj ET Q q 0 0 0 rg BT 214.40 410.50 Td (2018. ) Tj ET Q q 0 0 0 rg BT 240.81 410.50 Td (The ) Tj ET Q q 0 0 0 rg BT 259.52 410.50 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 305.46 410.50 Td (Study ) Tj ET Q q 0 0 0 rg BT 332.52 410.50 Td (will ) Tj ET Q q 0 0 0 rg BT 347.89 410.50 Td (further ) Tj ET Q q 0 0 0 rg BT 378.28 410.50 Td (detail ) Tj ET Q q 0 0 0 rg BT 403.67 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 419.05 410.50 Td (project ) Tj ET Q q 0 0 0 rg BT 450.55 410.50 Td (schedule ) Tj ET Q q 0 0 0 rg BT 492.06 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 510.23 410.50 Td (engineering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (design ) Tj ET Q q 0 0 0 rg BT 81.12 398.50 Td (as ) Tj ET Q q 0 0 0 rg BT 93.83 398.50 Td (well ) Tj ET Q q 0 0 0 rg BT 113.20 398.50 Td (as ) Tj ET Q q 0 0 0 rg BT 125.91 398.50 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 169.76 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 180.25 398.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 220.20 398.50 Td (geological ) Tj ET Q q 0 0 0 rg BT 267.38 398.50 Td (confidence ) Tj ET Q q 0 0 0 rg BT 317.90 398.50 Td (for ) Tj ET Q q 0 0 0 rg BT 331.72 398.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 366.65 398.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 407.71 398.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 449.89 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 468.72 398.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 506.44 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 522.49 398.50 Td (accuracy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 78.25 386.50 Td (economics ) Tj ET Q q 0 0 0 rg BT 129.31 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 140.90 386.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 169.16 386.50 Td (Blanco. ) Tj ET Q q 0 0 0 rg BT 205.13 386.50 Td (A) Tj ET Q q 0 0 0 rg BT 211.25 386.50 Td ( ) Tj ET Q q 0 0 0 rg BT 214.50 386.50 Td (key ) Tj ET Q q 0 0 0 rg BT 233.32 386.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 264.91 386.50 Td (path ) Tj ET Q q 0 0 0 rg BT 287.63 386.50 Td (item ) Tj ET Q q 0 0 0 rg BT 309.78 386.50 Td (for ) Tj ET Q q 0 0 0 rg BT 324.70 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.86 386.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 379.57 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 391.17 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 408.33 386.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 450.49 386.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 491.54 386.50 Td (is ) Tj ET Q q 0 0 0 rg BT 502.01 386.50 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 536.95 386.50 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (also ) Tj ET Q q 0 0 0 rg BT 70.62 374.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 127.87 374.50 Td (during ) Tj ET Q q 0 0 0 rg BT 158.45 374.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.13 374.50 Td (four ) Tj ET Q q 0 0 0 rg BT 195.13 374.50 Td (months ) Tj ET Q q 0 0 0 rg BT 230.71 374.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 261.29 374.50 Td (December ) Tj ET Q q 0 0 0 rg BT 310.20 374.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 326.88 374.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.12 374.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 97.35 350.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 146.85 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 155.79 350.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 226.97 350.50 Td (underground ) Tj ET Q q 0 0 0 rg BT 287.05 350.50 Td (sampling ) Tj ET Q q 0 0 0 rg BT 330.44 350.50 Td (program ) Tj ET Q q 0 0 0 rg BT 371.05 350.50 Td (that ) Tj ET Q q 0 0 0 rg BT 391.10 350.50 Td (was ) Tj ET Q q 0 0 0 rg BT 412.25 350.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 456.21 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 467.92 350.50 Td (confirm ) Tj ET Q q 0 0 0 rg BT 504.07 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 524.13 350.50 Td (enhance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 66.62 338.50 Td (understanding ) Tj ET Q q 0 0 0 rg BT 133.22 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 144.78 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.90 338.50 Td (deposit. ) Tj ET Q q 0 0 0 rg BT 200.14 338.50 Td (Sampling ) Tj ET Q q 0 0 0 rg BT 245.05 338.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 302.73 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 313.73 338.50 Td (July ) Tj ET Q q 0 0 0 rg BT 334.73 338.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 360.20 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 380.10 338.50 Td (successfully ) Tj ET Q q 0 0 0 rg BT 437.22 338.50 Td (confirmed ) Tj ET Q q 0 0 0 rg BT 484.35 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.25 338.50 Td (improved ) Tj ET Q q 0 0 0 rg BT 548.60 338.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (understanding ) Tj ET Q q 0 0 0 rg BT 115.69 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 126.84 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 143.55 326.50 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 181.39 326.50 Td (as ) Tj ET Q q 0 0 0 rg BT 194.76 326.50 Td (well ) Tj ET Q q 0 0 0 rg BT 214.79 326.50 Td (as ) Tj ET Q q 0 0 0 rg BT 228.17 326.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 271.00 326.50 Td (several ) Tj ET Q q 0 0 0 rg BT 306.05 326.50 Td (new ) Tj ET Q q 0 0 0 rg BT 327.21 326.50 Td (high-grade ) Tj ET Q q 0 0 0 rg BT 377.83 326.50 Td (mineralized ) Tj ET Q q 0 0 0 rg BT 431.77 326.50 Td (veins. ) Tj ET Q q 0 0 0 rg BT 460.14 326.50 Td (As ) Tj ET Q q 0 0 0 rg BT 474.62 326.50 Td (more ) Tj ET Q q 0 0 0 rg BT 500.22 326.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 520.81 326.50 Td (disclosed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.06 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 74.73 314.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 126.21 314.50 Td (press ) Tj ET Q q 0 0 0 rg BT 152.44 314.50 Td (release ) Tj ET Q q 0 0 0 rg BT 187.01 314.50 Td (dated ) Tj ET Q q 0 0 0 rg BT 213.80 314.50 Td (November ) Tj ET Q q 0 0 0 rg BT 261.71 314.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 277.38 314.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 301.40 314.50 Td (titled ) Tj ET Q q 0 0 0 rg BT 324.29 314.50 Td ("Bluestone ) Tj ET Q q 0 0 0 rg BT 373.74 314.50 Td (Announces ) Tj ET Q q 0 0 0 rg BT 425.56 314.50 Td (Underground ) Tj ET Q q 0 0 0 rg BT 485.70 314.50 Td (Sampling ) Tj ET Q q 0 0 0 rg BT 529.16 314.50 Td (Results ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.85 302.50 Td (Identifies ) Tj ET Q q 0 0 0 rg BT 111.54 302.50 Td (New ) Tj ET Q q 0 0 0 rg BT 134.21 302.50 Td (High ) Tj ET Q q 0 0 0 rg BT 157.44 302.50 Td (Grade ) Tj ET Q q 0 0 0 rg BT 187.90 302.50 Td (Mineralized ) Tj ET Q q 0 0 0 rg BT 241.70 302.50 Td (Gold ) Tj ET Q q 0 0 0 rg BT 265.49 302.50 Td (V) Tj ET Q q 0 0 0 rg BT 271.61 302.50 Td (eins ) Tj ET Q q 0 0 0 rg BT 292.62 302.50 Td (at ) Tj ET Q q 0 0 0 rg BT 303.62 302.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 331.29 302.50 Td (Blanco", ) Tj ET Q q 0 0 0 rg BT 370.86 302.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 418.00 302.50 Td (results ) Tj ET Q q 0 0 0 rg BT 450.11 302.50 Td (include ) Tj ET Q q 0 0 0 rg BT 484.47 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 501.04 302.50 Td (discovery ) Tj ET Q q 0 0 0 rg BT 545.94 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 556.94 302.50 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (new ) Tj ET Q q 0 0 0 rg BT 70.04 290.50 Td (shear ) Tj ET Q q 0 0 0 rg BT 97.24 290.50 Td (zone ) Tj ET Q q 0 0 0 rg BT 121.12 290.50 Td (oblique ) Tj ET Q q 0 0 0 rg BT 155.56 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 166.09 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 182.18 290.50 Td (main ) Tj ET Q q 0 0 0 rg BT 206.05 290.50 Td (mineralized ) Tj ET Q q 0 0 0 rg BT 259.37 290.50 Td (zones, ) Tj ET Q q 0 0 0 rg BT 291.02 290.50 Td (where ) Tj ET Q q 0 0 0 rg BT 320.45 290.50 Td (chip ) Tj ET Q q 0 0 0 rg BT 340.99 290.50 Td (samples ) Tj ET Q q 0 0 0 rg BT 380.42 290.50 Td (returned ) Tj ET Q q 0 0 0 rg BT 419.85 290.50 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 435.94 290.50 Td (m ) Tj ET Q q 0 0 0 rg BT 446.47 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 457.00 290.50 Td (231.6 ) Tj ET Q q 0 0 0 rg BT 484.21 290.50 Td (g/t ) Tj ET Q q 0 0 0 rg BT 497.52 290.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 518.62 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 537.49 290.50 Td (323.3 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (g/t ) Tj ET Q q 0 0 0 rg BT 63.40 278.50 Td (silver) Tj ET Q q 0 0 0 rg BT 86.18 278.50 Td (. ) Tj ET Q q 0 0 0 rg BT 91.74 278.50 Td (Including ) Tj ET Q q 0 0 0 rg BT 134.54 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.22 278.50 Td (shear ) Tj ET Q q 0 0 0 rg BT 179.02 278.50 Td (zone, ) Tj ET Q q 0 0 0 rg BT 206.26 278.50 Td (a ) Tj ET Q q 0 0 0 rg BT 214.60 278.50 Td (total ) Tj ET Q q 0 0 0 rg BT 236.28 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.40 278.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 261.30 278.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 306.89 278.50 Td (veins ) Tj ET Q q 0 0 0 rg BT 333.01 278.50 Td (have ) Tj ET Q q 0 0 0 rg BT 357.47 278.50 Td (been ) Tj ET Q q 0 0 0 rg BT 382.50 278.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 425.31 278.50 Td (that ) Tj ET Q q 0 0 0 rg BT 444.76 278.50 Td (were ) Tj ET Q q 0 0 0 rg BT 469.22 278.50 Td (over ) Tj ET Q q 0 0 0 rg BT 491.45 278.50 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 508.13 278.50 Td (g/t ) Tj ET Q q 0 0 0 rg BT 522.02 278.50 Td (gold.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 254.50 Td ( ) Tj ET Q q 0 0 0 rg BT 57.41 254.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 127.01 254.50 Td (structural ) Tj ET Q q 0 0 0 rg BT 169.92 254.50 Td (study ) Tj ET Q q 0 0 0 rg BT 195.61 254.50 Td (was ) Tj ET Q q 0 0 0 rg BT 215.18 254.50 Td (also ) Tj ET Q q 0 0 0 rg BT 235.31 254.50 Td (initiated ) Tj ET Q q 0 0 0 rg BT 271.57 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 290.04 254.50 Td (is ) Tj ET Q q 0 0 0 rg BT 299.05 254.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 341.42 254.50 Td (to ) Tj ET Q q 0 0 0 rg BT 351.55 254.50 Td (be ) Tj ET Q q 0 0 0 rg BT 364.46 254.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 412.39 254.50 Td (early ) Tj ET Q q 0 0 0 rg BT 435.85 254.50 Td (in ) Tj ET Q q 0 0 0 rg BT 445.42 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 461.11 254.50 Td (new ) Tj ET Q q 0 0 0 rg BT 481.25 254.50 Td (year) Tj ET Q q 0 0 0 rg BT 500.15 254.50 Td (. ) Tj ET Q q 0 0 0 rg BT 504.60 254.50 Td (This ) Tj ET Q q 0 0 0 rg BT 525.28 254.50 Td (program ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (entails ) Tj ET Q q 0 0 0 rg BT 80.67 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 96.83 242.50 Td (re-logging ) Tj ET Q q 0 0 0 rg BT 143.56 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.16 242.50 Td (drill ) Tj ET Q q 0 0 0 rg BT 171.98 242.50 Td (core ) Tj ET Q q 0 0 0 rg BT 193.69 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 212.64 242.50 Td (detailed ) Tj ET Q q 0 0 0 rg BT 249.93 242.50 Td (structural ) Tj ET Q q 0 0 0 rg BT 293.31 242.50 Td (mapping ) Tj ET Q q 0 0 0 rg BT 333.93 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 344.53 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.69 242.50 Td (underground ) Tj ET Q q 0 0 0 rg BT 419.66 242.50 Td (workings. ) Tj ET Q q 0 0 0 rg BT 464.01 242.50 Td (This ) Tj ET Q q 0 0 0 rg BT 485.17 242.50 Td (work ) Tj ET Q q 0 0 0 rg BT 508.54 242.50 Td (has ) Tj ET Q q 0 0 0 rg BT 526.92 242.50 Td (resulted ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.77 230.50 Td (a ) Tj ET Q q 0 0 0 rg BT 69.81 230.50 Td (better ) Tj ET Q q 0 0 0 rg BT 98.86 230.50 Td (understanding ) Tj ET Q q 0 0 0 rg BT 165.73 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 177.55 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.94 230.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 230.66 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 250.83 230.50 Td (will ) Tj ET Q q 0 0 0 rg BT 268.20 230.50 Td (aid ) Tj ET Q q 0 0 0 rg BT 285.03 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 296.29 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 313.68 230.50 Td (prediction ) Tj ET Q q 0 0 0 rg BT 360.52 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 380.69 230.50 Td (estimation ) Tj ET Q q 0 0 0 rg BT 429.74 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 441.57 230.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 487.86 230.50 Td (high-grade ) Tj ET Q q 0 0 0 rg BT 539.16 230.50 Td (veins ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (together ) Tj ET Q q 0 0 0 rg BT 88.97 218.50 Td (with ) Tj ET Q q 0 0 0 rg BT 109.53 218.50 Td (helping ) Tj ET Q q 0 0 0 rg BT 144.56 218.50 Td (guide ) Tj ET Q q 0 0 0 rg BT 171.81 218.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 196.26 218.50 Td (design ) Tj ET Q q 0 0 0 rg BT 228.51 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.97 218.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 272.42 218.50 Td (planning ) Tj ET Q q 0 0 0 rg BT 313.02 218.50 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (During ) Tj ET Q q 0 0 0 rg BT 81.87 194.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.68 194.50 Td (four ) Tj ET Q q 0 0 0 rg BT 118.82 194.50 Td (months ) Tj ET Q q 0 0 0 rg BT 154.52 194.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.23 194.50 Td (December ) Tj ET Q q 0 0 0 rg BT 234.27 194.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 251.08 194.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.33 194.50 Td (, ) Tj ET Q q 0 0 0 rg BT 279.01 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 295.82 194.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 341.53 194.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 398.91 194.50 Td (surface ) Tj ET Q q 0 0 0 rg BT 434.61 194.50 Td (drilling ) Tj ET Q q 0 0 0 rg BT 466.42 194.50 Td (with ) Tj ET Q q 0 0 0 rg BT 487.11 194.50 Td (two ) Tj ET Q q 0 0 0 rg BT 505.58 194.50 Td (drills ) Tj ET Q q 0 0 0 rg BT 529.05 194.50 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 194.50 Td (carry ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (out ) Tj ET Q q 0 0 0 rg BT 66.21 182.50 Td (an ) Tj ET Q q 0 0 0 rg BT 80.15 182.50 Td (initial ) Tj ET Q q 0 0 0 rg BT 105.75 182.50 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 133.59 182.50 Td (m ) Tj ET Q q 0 0 0 rg BT 144.73 182.50 Td (drill ) Tj ET Q q 0 0 0 rg BT 163.10 182.50 Td (program. ) Tj ET Q q 0 0 0 rg BT 205.75 182.50 Td (The ) Tj ET Q q 0 0 0 rg BT 225.79 182.50 Td (program ) Tj ET Q q 0 0 0 rg BT 265.84 182.50 Td (will ) Tj ET Q q 0 0 0 rg BT 282.54 182.50 Td (focus ) Tj ET Q q 0 0 0 rg BT 309.26 182.50 Td (on ) Tj ET Q q 0 0 0 rg BT 323.20 182.50 Td (areas ) Tj ET Q q 0 0 0 rg BT 351.02 182.50 Td (that ) Tj ET Q q 0 0 0 rg BT 370.52 182.50 Td (are ) Tj ET Q q 0 0 0 rg BT 387.78 182.50 Td (under-drilled ) Tj ET Q q 0 0 0 rg BT 446.18 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 465.68 182.50 Td (are ) Tj ET Q q 0 0 0 rg BT 482.95 182.50 Td (either ) Tj ET Q q 0 0 0 rg BT 510.78 182.50 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 551.40 182.50 Td (to, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (or ) Tj ET Q q 0 0 0 rg BT 60.65 170.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 83.47 170.50 Td (as ) Tj ET Q q 0 0 0 rg BT 96.29 170.50 Td (targets, ) Tj ET Q q 0 0 0 rg BT 131.89 170.50 Td (within ) Tj ET Q q 0 0 0 rg BT 159.72 170.50 Td (the ) Tj ET Q q 0 0 0 rg BT 175.88 170.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 217.04 170.50 Td (envelope. ) Tj ET Q q 0 0 0 rg BT 262.52 170.50 Td (The ) Tj ET Q q 0 0 0 rg BT 282.01 170.50 Td (program ) Tj ET Q q 0 0 0 rg BT 321.50 170.50 Td (is ) Tj ET Q q 0 0 0 rg BT 330.98 170.50 Td (also ) Tj ET Q q 0 0 0 rg BT 351.58 170.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 394.43 170.50 Td (to ) Tj ET Q q 0 0 0 rg BT 405.03 170.50 Td (assist ) Tj ET Q q 0 0 0 rg BT 432.85 170.50 Td (in ) Tj ET Q q 0 0 0 rg BT 442.89 170.50 Td (refining ) Tj ET Q q 0 0 0 rg BT 477.94 170.50 Td (the ) Tj ET Q q 0 0 0 rg BT 494.10 170.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 535.27 170.50 Td (model ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (that ) Tj ET Q q 0 0 0 rg BT 68.78 158.50 Td (is ) Tj ET Q q 0 0 0 rg BT 78.60 158.50 Td (being ) Tj ET Q q 0 0 0 rg BT 105.67 158.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 154.42 158.50 Td (in ) Tj ET Q q 0 0 0 rg BT 164.80 158.50 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 217.99 158.50 Td (with ) Tj ET Q q 0 0 0 rg BT 238.37 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 254.87 158.50 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 301.93 158.50 Td (Study) Tj ET Q q 0 0 0 rg BT 326.76 158.50 Td (. ) Tj ET Q q 0 0 0 rg BT 332.14 158.50 Td (Progress ) Tj ET Q q 0 0 0 rg BT 374.75 158.50 Td (was ) Tj ET Q q 0 0 0 rg BT 395.13 158.50 Td (made ) Tj ET Q q 0 0 0 rg BT 422.75 158.50 Td (during ) Tj ET Q q 0 0 0 rg BT 453.14 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 469.64 158.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 503.93 158.50 Td (and ) Tj ET Q q 0 0 0 rg BT 523.21 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.71 158.50 Td (initial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 77.30 146.50 Td (m ) Tj ET Q q 0 0 0 rg BT 88.41 146.50 Td (drill ) Tj ET Q q 0 0 0 rg BT 106.75 146.50 Td (program ) Tj ET Q q 0 0 0 rg BT 146.76 146.50 Td (is ) Tj ET Q q 0 0 0 rg BT 156.76 146.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 200.13 146.50 Td (to ) Tj ET Q q 0 0 0 rg BT 211.24 146.50 Td (finish ) Tj ET Q q 0 0 0 rg BT 237.37 146.50 Td (in ) Tj ET Q q 0 0 0 rg BT 247.93 146.50 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 264.05 146.50 Td (2018. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (During ) Tj ET Q q 0 0 0 rg BT 81.00 122.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.95 122.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 132.35 122.50 Td (months ) Tj ET Q q 0 0 0 rg BT 167.18 122.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.04 122.50 Td (December ) Tj ET Q q 0 0 0 rg BT 245.21 122.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 261.15 122.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 283.40 122.50 Td (, ) Tj ET Q q 0 0 0 rg BT 288.22 122.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.17 122.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.01 122.50 Td (received ) Tj ET Q q 0 0 0 rg BT 388.85 122.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.80 122.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 436.30 122.50 Td (and ) Tj ET Q q 0 0 0 rg BT 455.03 122.50 Td (auxiliary ) Tj ET Q q 0 0 0 rg BT 493.76 122.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 542.50 122.50 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 110.50 Td (Goldcorp's ) Tj ET Q q 0 0 0 rg BT 99.76 110.50 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 129.77 110.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 154.22 110.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 195.92 110.50 Td (to ) Tj ET Q q 0 0 0 rg BT 207.03 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 223.71 110.50 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 253.72 110.50 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 304.30 110.50 Td (ROFR ) Tj ET Q q 0 0 0 rg BT 335.41 110.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 379.33 110.50 Td (agreement.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (5) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Project ) Tj ET Q q 0 0 0 rg BT 89.85 698.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 161.98 698.50 Td (Updates ) Tj ET Q q 0 0 0 rg BT 208.43 698.50 Td (\(cont'd\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Key ) Tj ET Q q 0 0 0 rg BT 69.51 674.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 110.63 674.50 Td (for ) Tj ET Q q 0 0 0 rg BT 125.08 674.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 150.11 674.50 Td (are ) Tj ET Q q 0 0 0 rg BT 167.34 674.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 210.70 674.50 Td (to ) Tj ET Q q 0 0 0 rg BT 221.82 674.50 Td (include ) Tj ET Q q 0 0 0 rg BT 256.29 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 272.97 674.50 Td (following:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 662.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 662.50 Td (Feasibility Study related activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 650.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 650.50 Td (Completion of the 5,000 m surface diamond drill program that commenced in 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 638.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 638.50 Td (5,000 m underground drill program) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 626.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 626.50 Td (Resource estimate update) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 614.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 614.50 Td (Drill test high priority brownfield exploration targets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 602.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 602.50 Td (Feasibility Study completion) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 72.28 578.50 Td (Geothermal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.56 554.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.18 554.50 Td (owns ) Tj ET Q q 0 0 0 rg BT 141.36 554.50 Td (a ) Tj ET Q q 0 0 0 rg BT 149.74 554.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 178.15 554.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.77 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 224.38 554.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 246.10 554.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 301.17 554.50 Td (through ) Tj ET Q q 0 0 0 rg BT 337.91 554.50 Td (its ) Tj ET Q q 0 0 0 rg BT 350.74 554.50 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 414.15 554.50 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 458.43 554.50 Td (, ) Tj ET Q q 0 0 0 rg BT 464.04 554.50 Td (Geotermia ) Tj ET Q q 0 0 0 rg BT 513.55 554.50 Td (Oriental ) Tj ET Q q 0 0 0 rg BT 551.39 554.50 Td (de ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (Guatemala, ) Tj ET Q q 0 0 0 rg BT 104.58 542.50 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 126.85 542.50 Td (\("Geotermia"\). ) Tj ET Q q 0 0 0 rg BT 193.46 542.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 215.73 542.50 Td (Geotermal ) Tj ET Q q 0 0 0 rg BT 265.80 542.50 Td (is ) Tj ET Q q 0 0 0 rg BT 276.40 542.50 Td (a ) Tj ET Q q 0 0 0 rg BT 285.35 542.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 338.76 542.50 Td (energy ) Tj ET Q q 0 0 0 rg BT 372.71 542.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 415.00 542.50 Td (located ) Tj ET Q q 0 0 0 rg BT 450.63 542.50 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 491.82 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 503.54 542.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 531.93 542.50 Td (Blanco ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.20 530.50 Td (is ) Tj ET Q q 0 0 0 rg BT 79.44 530.50 Td (7 ) Tj ET Q q 0 0 0 rg BT 88.02 530.50 Td (km ) Tj ET Q q 0 0 0 rg BT 104.37 530.50 Td (from ) Tj ET Q q 0 0 0 rg BT 127.39 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.31 530.50 Td (Pan ) Tj ET Q q 0 0 0 rg BT 164.52 530.50 Td (American ) Tj ET Q q 0 0 0 rg BT 209.78 530.50 Td (Highway ) Tj ET Q q 0 0 0 rg BT 251.15 530.50 Td (near ) Tj ET Q q 0 0 0 rg BT 274.18 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.10 530.50 Td (town ) Tj ET Q q 0 0 0 rg BT 315.24 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 326.00 530.50 Td (Asuncion ) Tj ET Q q 0 0 0 rg BT 370.16 530.50 Td (Mita, ) Tj ET Q q 0 0 0 rg BT 394.84 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 405.65 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 422.57 530.50 Td (region ) Tj ET Q q 0 0 0 rg BT 453.38 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 464.74 530.50 Td (Jutiapa ) Tj ET Q q 0 0 0 rg BT 500.00 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 510.81 530.50 Td (Guatemala. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.70 518.50 Td (November ) Tj ET Q q 0 0 0 rg BT 109.69 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 120.89 518.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 148.78 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 165.54 518.50 Td (Government ) Tj ET Q q 0 0 0 rg BT 223.43 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.63 518.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 286.41 518.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 323.19 518.50 Td (Geotermia ) Tj ET Q q 0 0 0 rg BT 372.74 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 381.16 518.50 Td (50 ) Tj ET Q q 0 0 0 rg BT 395.15 518.50 Td (year ) Tj ET Q q 0 0 0 rg BT 417.46 518.50 Td (license ) Tj ET Q q 0 0 0 rg BT 451.45 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 462.65 518.50 Td (build ) Tj ET Q q 0 0 0 rg BT 486.64 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 506.19 518.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 542.97 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 551.39 518.50 Td (50 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (megawatt ) Tj ET Q q 0 0 0 rg BT 95.63 506.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 148.44 506.50 Td (plant. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (During ) Tj ET Q q 0 0 0 rg BT 81.31 482.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.57 482.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 133.28 482.50 Td (months ) Tj ET Q q 0 0 0 rg BT 168.43 482.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.60 482.50 Td (December ) Tj ET Q q 0 0 0 rg BT 247.08 482.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 263.34 482.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.58 482.50 Td (, ) Tj ET Q q 0 0 0 rg BT 290.72 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.98 482.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.13 482.50 Td (began ) Tj ET Q q 0 0 0 rg BT 382.30 482.50 Td (preparing ) Tj ET Q q 0 0 0 rg BT 426.90 482.50 Td (for ) Tj ET Q q 0 0 0 rg BT 440.93 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.19 482.50 Td (testing ) Tj ET Q q 0 0 0 rg BT 489.01 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 508.05 482.50 Td (commenced ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.75 470.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 122.01 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 132.69 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.94 470.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 196.86 470.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 257.55 470.50 Td (for ) Tj ET Q q 0 0 0 rg BT 271.57 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 287.81 470.50 Td (flow-testing ) Tj ET Q q 0 0 0 rg BT 340.73 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.42 470.50 Td (select ) Tj ET Q q 0 0 0 rg BT 379.89 470.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 432.26 470.50 Td (wells ) Tj ET Q q 0 0 0 rg BT 456.83 470.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.96 470.50 Td (Q1 ) Tj ET Q q 0 0 0 rg BT 482.64 470.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 507.23 470.50 Td (with ) Tj ET Q q 0 0 0 rg BT 527.36 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 543.61 470.50 Td (goal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 458.50 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 108.62 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.67 458.50 Td (confidence ) Tj ET Q q 0 0 0 rg BT 177.19 458.50 Td (level ) Tj ET Q q 0 0 0 rg BT 200.91 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 212.40 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.45 458.50 Td (known ) Tj ET Q q 0 0 0 rg BT 261.51 458.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 314.69 458.50 Td (reservoir) Tj ET Q q 0 0 0 rg BT 353.03 458.50 Td (. ) Tj ET Q q 0 0 0 rg BT 358.33 458.50 Td (A) Tj ET Q q 0 0 0 rg BT 364.45 458.50 Td ( ) Tj ET Q q 0 0 0 rg BT 367.60 458.50 Td (key ) Tj ET Q q 0 0 0 rg BT 386.31 458.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 420.02 458.50 Td (for ) Tj ET Q q 0 0 0 rg BT 434.84 458.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 456.88 458.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 512.28 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 523.21 458.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 548.61 458.50 Td (will ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (include ) Tj ET Q q 0 0 0 rg BT 83.62 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 99.94 446.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 150.73 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 161.49 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 177.82 446.50 Td (flow-test ) Tj ET Q q 0 0 0 rg BT 217.48 446.50 Td (program. ) Tj ET Q q 0 0 0 rg BT 259.76 446.50 Td (The ) Tj ET Q q 0 0 0 rg BT 279.42 446.50 Td (data ) Tj ET Q q 0 0 0 rg BT 301.31 446.50 Td (collected ) Tj ET Q q 0 0 0 rg BT 343.20 446.50 Td (will ) Tj ET Q q 0 0 0 rg BT 359.51 446.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 394.74 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 411.06 446.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 436.83 446.50 Td (for ) Tj ET Q q 0 0 0 rg BT 450.93 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 467.26 446.50 Td (development ) Tj ET Q q 0 0 0 rg BT 526.94 446.50 Td (strategy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (going ) Tj ET Q q 0 0 0 rg BT 76.75 434.50 Td (forward.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 89.51 410.50 Td (Copper ) Tj ET Q q 0 0 0 rg BT 127.29 410.50 Td (Porphyry ) Tj ET Q q 0 0 0 rg BT 173.97 410.50 Td (project) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (On ) Tj ET Q q 0 0 0 rg BT 66.30 386.50 Td (November ) Tj ET Q q 0 0 0 rg BT 115.90 386.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 127.70 386.50 Td (2010, ) Tj ET Q q 0 0 0 rg BT 156.19 386.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 204.13 386.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 253.74 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.10 386.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 321.82 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 333.62 386.50 Td (private ) Tj ET Q q 0 0 0 rg BT 367.10 386.50 Td (company) Tj ET Q q 0 0 0 rg BT 406.94 386.50 Td (, ) Tj ET Q q 0 0 0 rg BT 413.18 386.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 452.22 386.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 503.48 386.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 523.07 386.50 Td (\(formerly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 96.37 374.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 146.56 374.50 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 167.85 374.50 Td (a ) Tj ET Q q 0 0 0 rg BT 175.81 374.50 Td (private ) Tj ET Q q 0 0 0 rg BT 208.21 374.50 Td (company\), ) Tj ET Q q 0 0 0 rg BT 257.29 374.50 Td (which ) Tj ET Q q 0 0 0 rg BT 285.25 374.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 324.33 374.50 Td (its ) Tj ET Q q 0 0 0 rg BT 336.73 374.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 364.70 374.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 396.56 374.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 434.53 374.50 Td (Copper-Moly-Silver ) Tj ET Q q 0 0 0 rg BT 522.49 374.50 Td (Porphyry ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (project ) Tj ET Q q 0 0 0 rg BT 82.66 362.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 103.04 362.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 145.09 362.50 Td (project\) ) Tj ET Q q 0 0 0 rg BT 184.91 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 195.22 362.50 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 234.84 362.50 Td (The ) Tj ET Q q 0 0 0 rg BT 255.22 362.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 293.94 362.50 Td (project ) Tj ET Q q 0 0 0 rg BT 327.10 362.50 Td (is ) Tj ET Q q 0 0 0 rg BT 337.47 362.50 Td (located ) Tj ET Q q 0 0 0 rg BT 372.86 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 383.79 362.50 Td (north-western ) Tj ET Q q 0 0 0 rg BT 447.45 362.50 Td (Arizona ) Tj ET Q q 0 0 0 rg BT 484.50 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.33 362.50 Td (is ) Tj ET Q q 0 0 0 rg BT 514.70 362.50 Td (interpreted ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (as ) Tj ET Q q 0 0 0 rg BT 62.78 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 71.06 350.50 Td (large-scale, ) Tj ET Q q 0 0 0 rg BT 125.47 350.50 Td (copper ) Tj ET Q q 0 0 0 rg BT 158.76 350.50 Td (porphyry ) Tj ET Q q 0 0 0 rg BT 200.39 350.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 235.35 350.50 Td (with ) Tj ET Q q 0 0 0 rg BT 255.86 350.50 Td (silver ) Tj ET Q q 0 0 0 rg BT 281.91 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 301.31 350.50 Td (molybdenum ) Tj ET Q q 0 0 0 rg BT 361.28 350.50 Td (by-products. ) Tj ET Q q 0 0 0 rg BT 418.85 350.50 Td (The ) Tj ET Q q 0 0 0 rg BT 438.80 350.50 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 477.09 350.50 Td (project ) Tj ET Q q 0 0 0 rg BT 509.83 350.50 Td (is ) Tj ET Q q 0 0 0 rg BT 519.77 350.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.17 350.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (a ) Tj ET Q q 0 0 0 rg BT 57.84 338.50 Td (3% ) Tj ET Q q 0 0 0 rg BT 75.07 338.50 Td (net ) Tj ET Q q 0 0 0 rg BT 91.75 338.50 Td (smelter ) Tj ET Q q 0 0 0 rg BT 127.31 338.50 Td (return ) Tj ET Q q 0 0 0 rg BT 156.21 338.50 Td (royalty ) Tj ET Q q 0 0 0 rg BT 188.45 338.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 226.25 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.81 338.50 Td (cash. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (As ) Tj ET Q q 0 0 0 rg BT 63.95 314.50 Td (at ) Tj ET Q q 0 0 0 rg BT 75.07 314.50 Td (November ) Tj ET Q q 0 0 0 rg BT 123.97 314.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 140.65 314.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 168.46 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 185.13 314.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.71 314.50 Td (impaired ) Tj ET Q q 0 0 0 rg BT 271.84 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 288.52 314.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 326.86 314.50 Td (value ) Tj ET Q q 0 0 0 rg BT 353.55 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 364.67 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.35 314.50 Td (property ) Tj ET Q q 0 0 0 rg BT 420.81 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 431.93 314.50 Td ($nil.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I5 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (6) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Summary of Quarterly Results) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (The ) Tj ET Q q 0 0 0 rg BT 72.06 674.50 Td (following ) Tj ET Q q 0 0 0 rg BT 116.30 674.50 Td (table ) Tj ET Q q 0 0 0 rg BT 143.32 674.50 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 202.55 674.50 Td (selected ) Tj ET Q q 0 0 0 rg BT 245.13 674.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.15 674.50 Td (data ) Tj ET Q q 0 0 0 rg BT 311.94 674.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 354.52 674.50 Td (by ) Tj ET Q q 0 0 0 rg BT 370.41 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 389.64 674.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.77 674.50 Td (for ) Tj ET Q q 0 0 0 rg BT 454.77 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 474.00 674.50 Td (four ) Tj ET Q q 0 0 0 rg BT 496.57 674.50 Td (months ) Tj ET Q q 0 0 0 rg BT 534.69 674.50 Td (ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.09 662.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.33 662.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.11 662.50 Td (and ) Tj ET Q q 0 0 0 rg BT 159.57 662.50 Td (the ) Tj ET Q q 0 0 0 rg BT 176.25 662.50 Td (previous ) Tj ET Q q 0 0 0 rg BT 216.83 662.50 Td (seven ) Tj ET Q q 0 0 0 rg BT 246.29 662.50 Td (quarters.) Tj ET Q 1 1 1 rg /GS0 gs 49.00 652.00 74.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 123.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 178.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 233.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 288.00 652.00 54.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 397.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 452.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 507.00 652.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 617.00 74.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 123.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 178.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 233.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 288.00 617.00 54.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 397.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 452.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 507.00 617.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 573.00 74.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 123.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 178.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 233.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 288.00 573.00 54.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 397.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 452.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 507.00 573.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 547.00 74.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 123.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 178.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 233.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 288.00 547.00 54.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 397.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 452.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 507.00 547.00 55.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 521.00 74.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 123.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 178.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 233.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 288.00 521.00 54.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 342.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 397.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 452.00 521.00 55.00 -22.00 re f /GS0 gs 1 1 1 rg /GS0 gs 507.00 521.00 55.00 -22.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 630 m 123 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 630 m 178 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178 630 m 233 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 630 m 288 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 630 m 342 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 630 m 397 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 630 m 452 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 630 m 507 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 630 m 562 630 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 477 m 123 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 123 477 m 178 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 178 477 m 233 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 233 477 m 288 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 288 477 m 342 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 342 477 m 397 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 397 477 m 452 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452 477 m 507 477 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507 477 m 562 477 l s BT /F2 8.50 Tf ET q 0 0 0 rg BT 133.35 642.81 Td (December) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 141.40 634.31 Td (31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 188.85 642.81 Td (August 31,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 201.45 634.31 Td (2017 ) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 222.72 638.37 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 254.25 642.81 Td (May 31, ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 256.45 634.31 Td (2017 ) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 277.72 638.37 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 304.45 642.81 Td (February ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 297.10 634.31 Td (28, 2017) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 330.19 638.37 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 354.25 642.81 Td (November ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 352.10 634.31 Td (30, 2016) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 385.19 638.37 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 407.85 642.81 Td (August 31, ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 421.30 634.31 Td (2016) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 440.21 638.37 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 473.25 642.81 Td (May 31, ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 476.30 634.31 Td (2016) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 495.21 638.37 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 510.30 642.81 Td (February 29,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 531.30 634.31 Td (2016) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 550.21 638.37 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 621.31 Td (Current assets) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 127.35 621.31 Td ($30,829,406) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 182.35 621.31 Td ($35,816,517) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 237.35 621.31 Td ($41,367,847) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 296.10 621.31 Td ($1,554,893) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 362.90 621.31 Td ($22,617) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 417.90 621.31 Td ($33,984) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 472.90 621.31 Td ($50,582) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.90 621.31 Td ($82,895) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 607.81 Td (Property) Tj ET Q q 0 0 0 rg BT 83.31 607.81 Td (, plant) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 599.31 Td (and equipment) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 136.80 599.31 Td (3,664,525) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 191.80 599.31 Td (1,706,290) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 246.80 599.31 Td (1,1) Tj ET Q q 0 0 0 rg BT 258.62 599.31 Td (14,552) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 330.15 599.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 385.15 599.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 440.15 599.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 495.15 599.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 550.15 599.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 585.81 Td (Exploration and) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 577.31 Td (evaluation assets) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 132.10 577.31 Td (30,126,433) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 187.10 577.31 Td (30,126,433) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 242.10 577.31 Td (30,126,433) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 330.15 577.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 385.15 577.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 417.90 577.31 Td (709,615) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 472.90 577.31 Td (686,991) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.90 577.31 Td (686,991) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 564.31 Td (T) Tj ET Q q 0 0 0 rg BT 56.22 564.31 Td (otal assets) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 132.10 564.31 Td (66,364,124) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 187.10 564.31 Td (70,308,596) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 242.10 564.31 Td (74,608,832) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.80 564.36 Td (1,554,893) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 367.65 564.31 Td (22,617) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 417.90 564.31 Td (743,599) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 472.90 564.31 Td (752,347) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 527.90 564.31 Td (797,422) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 551.31 Td (Current liabilities) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 136.80 551.31 Td (1,910,930) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 198.90 551.31 Td (568,872) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 253.90 551.31 Td (878,599) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 307.90 551.31 Td (717,303) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 367.65 551.31 Td (60,054) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 422.65 551.31 Td (55,068) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 477.65 551.31 Td (54,193) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 532.65 551.31 Td (72,184) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 538.31 Td (W) Tj ET Q q 0 0 0 rg BT 59.37 538.31 Td (orking capital) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 132.10 538.31 Td (28,918,476) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 187.10 538.31 Td (35,247,645) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 242.10 538.31 Td (40,489,248) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 307.90 538.31 Td (837,590) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 364.80 538.36 Td (\(37,437) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 393.65 538.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 419.80 538.36 Td (\(21,084) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.65 538.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 479.50 538.31 Td (\(3,61) Tj ET Q q 0 0 0 rg BT 498.88 538.31 Td (1) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 503.65 538.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 532.65 538.31 Td (10,71) Tj ET Q q 0 0 0 rg BT 553.92 538.31 Td (1) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 525.31 Td (Net loss) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 134.00 525.31 Td (\(5,756,945) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 174.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 189.00 525.31 Td (\(2,254,475) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 251.05 525.31 Td (\(152,641) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 284.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 305.05 525.36 Td (\(210,498) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 338.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 360.05 525.36 Td (\(718,104) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 393.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 419.80 525.36 Td (\(32,940) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 474.80 525.36 Td (\(28,201) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 503.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 529.80 525.36 Td (\(14,965) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 558.65 525.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 511.81 Td (Basic and diluted) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 503.31 Td (loss per share) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 155.25 503.31 Td (\(0.09) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 174.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 210.25 503.31 Td (\(0.04) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 229.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 265.25 503.31 Td (\(0.04) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 284.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 319.25 503.31 Td (\(0.05) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 338.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 374.25 503.31 Td (\(0.17) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 393.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 429.25 503.31 Td (\(0.01) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 448.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 495.15 503.31 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 539.25 503.31 Td (\(0.01) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 558.65 503.31 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 489.81 Td (W) Tj ET Q q 0 0 0 rg BT 59.37 489.81 Td (eighted avg.) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 481.31 Td (shares) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 132.10 481.31 Td (63,815,560) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 187.10 481.31 Td (50,852,838) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 246.80 481.31 Td (4,262,954) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 300.80 481.36 Td (4,262,954) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 355.80 481.36 Td (4,262,954) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 410.80 481.36 Td (4,262,954) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 465.80 481.36 Td (4,262,954) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 520.80 481.36 Td (4,262,954) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 458.27 Td (\(1\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 453.50 Td (The ) Tj ET Q q 0 0 0 rg BT 105.93 453.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 147.48 453.50 Td (for ) Tj ET Q q 0 0 0 rg BT 162.35 453.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 214.47 453.50 Td (and ) Tj ET Q q 0 0 0 rg BT 234.35 453.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 283.14 453.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 318.02 453.50 Td (total ) Tj ET Q q 0 0 0 rg BT 340.12 453.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 375.00 453.50 Td (and ) Tj ET Q q 0 0 0 rg BT 394.88 453.50 Td (net ) Tj ET Q q 0 0 0 rg BT 411.98 453.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 432.97 453.50 Td (for ) Tj ET Q q 0 0 0 rg BT 447.84 453.50 Td (these ) Tj ET Q q 0 0 0 rg BT 475.50 453.50 Td (quarters ) Tj ET Q q 0 0 0 rg BT 515.38 453.50 Td (have ) Tj ET Q q 0 0 0 rg BT 540.26 453.50 Td (been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 441.50 Td (restated ) Tj ET Q q 0 0 0 rg BT 123.98 441.50 Td (for ) Tj ET Q q 0 0 0 rg BT 137.99 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.24 441.50 Td (change ) Tj ET Q q 0 0 0 rg BT 189.39 441.50 Td (in ) Tj ET Q q 0 0 0 rg BT 199.52 441.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 250.24 441.50 Td (policy ) Tj ET Q q 0 0 0 rg BT 278.15 441.50 Td (for ) Tj ET Q q 0 0 0 rg BT 292.17 441.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 340.66 441.50 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 405.11 441.50 Td (The ) Tj ET Q q 0 0 0 rg BT 424.69 441.50 Td (change ) Tj ET Q q 0 0 0 rg BT 459.84 441.50 Td (in ) Tj ET Q q 0 0 0 rg BT 469.97 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 486.22 441.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 536.93 441.50 Td (policy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 429.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 123.54 429.50 Td (in ) Tj ET Q q 0 0 0 rg BT 133.79 429.50 Td (decreases ) Tj ET Q q 0 0 0 rg BT 182.40 429.50 Td (of ) Tj ET Q q 0 0 0 rg BT 193.20 429.50 Td ($12,724,849 ) Tj ET Q q 0 0 0 rg BT 251.28 429.50 Td (to ) Tj ET Q q 0 0 0 rg BT 262.08 429.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 313.47 429.50 Td (and ) Tj ET Q q 0 0 0 rg BT 332.62 429.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 380.68 429.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.05 429.50 Td (and ) Tj ET Q q 0 0 0 rg BT 431.20 429.50 Td (total ) Tj ET Q q 0 0 0 rg BT 452.57 429.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.93 429.50 Td (and ) Tj ET Q q 0 0 0 rg BT 503.08 429.50 Td (a ) Tj ET Q q 0 0 0 rg BT 511.11 429.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.72 429.50 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 417.50 Td (the ) Tj ET Q q 0 0 0 rg BT 102.71 417.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 137.70 417.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 168.16 417.50 Td (August ) Tj ET Q q 0 0 0 rg BT 202.60 417.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 219.81 417.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 245.37 417.50 Td (of ) Tj ET Q q 0 0 0 rg BT 257.02 417.50 Td ($32,477 ) Tj ET Q q 0 0 0 rg BT 296.47 417.50 Td (to ) Tj ET Q q 0 0 0 rg BT 308.12 417.50 Td (net ) Tj ET Q q 0 0 0 rg BT 325.33 417.50 Td (loss. ) Tj ET Q q 0 0 0 rg BT 349.20 417.50 Td (Further ) Tj ET Q q 0 0 0 rg BT 384.74 417.50 Td (description ) Tj ET Q q 0 0 0 rg BT 436.41 417.50 Td (of ) Tj ET Q q 0 0 0 rg BT 448.06 417.50 Td (this ) Tj ET Q q 0 0 0 rg BT 466.93 417.50 Td (change ) Tj ET Q q 0 0 0 rg BT 503.04 417.50 Td (in ) Tj ET Q q 0 0 0 rg BT 514.14 417.50 Td (accounting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 405.50 Td (policy ) Tj ET Q q 0 0 0 rg BT 114.15 405.50 Td (can ) Tj ET Q q 0 0 0 rg BT 133.35 405.50 Td (be ) Tj ET Q q 0 0 0 rg BT 147.55 405.50 Td (found ) Tj ET Q q 0 0 0 rg BT 175.66 405.50 Td (in ) Tj ET Q q 0 0 0 rg BT 186.52 405.50 Td (note ) Tj ET Q q 0 0 0 rg BT 209.06 405.50 Td (3\(c\) ) Tj ET Q q 0 0 0 rg BT 229.36 405.50 Td (of ) Tj ET Q q 0 0 0 rg BT 240.78 405.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.76 405.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 310.55 405.50 Td (audited ) Tj ET Q q 0 0 0 rg BT 346.44 405.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 405.67 405.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.44 405.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 497.43 405.50 Td (for ) Tj ET Q q 0 0 0 rg BT 512.18 405.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.16 405.50 Td (thirteen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 393.50 Td (months ) Tj ET Q q 0 0 0 rg BT 121.07 393.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.66 393.50 Td (December ) Tj ET Q q 0 0 0 rg BT 200.56 393.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 217.24 393.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.49 393.50 Td ( ) Tj ET Q q 0 0 0 rg BT 242.27 393.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 261.73 393.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 292.85 393.50 Td (months ) Tj ET Q q 0 0 0 rg BT 328.42 393.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 359.01 393.50 Td (November ) Tj ET Q q 0 0 0 rg BT 407.92 393.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 424.60 393.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.84 393.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 374.27 Td (\(2\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 369.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 127.19 369.50 Td (shown ) Tj ET Q q 0 0 0 rg BT 158.32 369.50 Td (for ) Tj ET Q q 0 0 0 rg BT 172.22 369.50 Td (these ) Tj ET Q q 0 0 0 rg BT 198.91 369.50 Td (quarters ) Tj ET Q q 0 0 0 rg BT 237.82 369.50 Td (have ) Tj ET Q q 0 0 0 rg BT 261.73 369.50 Td (been ) Tj ET Q q 0 0 0 rg BT 286.20 369.50 Td (restated ) Tj ET Q q 0 0 0 rg BT 324.56 369.50 Td (for ) Tj ET Q q 0 0 0 rg BT 338.45 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 354.58 369.50 Td (change ) Tj ET Q q 0 0 0 rg BT 389.62 369.50 Td (in ) Tj ET Q q 0 0 0 rg BT 399.63 369.50 Td (presentation ) Tj ET Q q 0 0 0 rg BT 456.89 369.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 497.46 369.50 Td (from ) Tj ET Q q 0 0 0 rg BT 519.69 369.50 Td (Canadian ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 357.50 Td (dollars ) Tj ET Q q 0 0 0 rg BT 117.28 357.50 Td (to ) Tj ET Q q 0 0 0 rg BT 127.93 357.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 149.70 357.50 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 184.26 357.50 Td (Further ) Tj ET Q q 0 0 0 rg BT 218.81 357.50 Td (description ) Tj ET Q q 0 0 0 rg BT 269.48 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.14 357.50 Td (this ) Tj ET Q q 0 0 0 rg BT 298.02 357.50 Td (change ) Tj ET Q q 0 0 0 rg BT 333.15 357.50 Td (in ) Tj ET Q q 0 0 0 rg BT 343.25 357.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 393.94 357.50 Td (policies ) Tj ET Q q 0 0 0 rg BT 429.60 357.50 Td (can ) Tj ET Q q 0 0 0 rg BT 448.05 357.50 Td (be ) Tj ET Q q 0 0 0 rg BT 461.49 357.50 Td (found ) Tj ET Q q 0 0 0 rg BT 488.83 357.50 Td (in ) Tj ET Q q 0 0 0 rg BT 498.93 357.50 Td (notes ) Tj ET Q q 0 0 0 rg BT 525.71 357.50 Td (3\(b\) ) Tj ET Q q 0 0 0 rg BT 545.81 357.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 345.50 Td (16 ) Tj ET Q q 0 0 0 rg BT 99.47 345.50 Td (of ) Tj ET Q q 0 0 0 rg BT 110.65 345.50 Td (the ) Tj ET Q q 0 0 0 rg BT 127.39 345.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 179.94 345.50 Td (audited ) Tj ET Q q 0 0 0 rg BT 215.60 345.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 274.59 345.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.12 345.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 365.88 345.50 Td (for ) Tj ET Q q 0 0 0 rg BT 380.39 345.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.14 345.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 433.33 345.50 Td (months ) Tj ET Q q 0 0 0 rg BT 468.97 345.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 499.62 345.50 Td (December ) Tj ET Q q 0 0 0 rg BT 548.59 345.50 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 333.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.75 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 110.52 333.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 129.99 333.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 161.11 333.50 Td (months ) Tj ET Q q 0 0 0 rg BT 196.68 333.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 227.27 333.50 Td (November ) Tj ET Q q 0 0 0 rg BT 276.17 333.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 292.85 333.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.10 333.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 309.50 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 92.99 309.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 145.94 309.50 Td (depended ) Tj ET Q q 0 0 0 rg BT 192.80 309.50 Td (on ) Tj ET Q q 0 0 0 rg BT 206.29 309.50 Td (the ) Tj ET Q q 0 0 0 rg BT 222.09 309.50 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 275.60 309.50 Td (private ) Tj ET Q q 0 0 0 rg BT 307.98 309.50 Td (placements, ) Tj ET Q q 0 0 0 rg BT 364.26 309.50 Td (level ) Tj ET Q q 0 0 0 rg BT 387.19 309.50 Td (of ) Tj ET Q q 0 0 0 rg BT 397.90 309.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 449.19 309.50 Td (and ) Tj ET Q q 0 0 0 rg BT 468.24 309.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 516.20 309.50 Td (spend ) Tj ET Q q 0 0 0 rg BT 545.81 309.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 297.50 Td (write-down ) Tj ET Q q 0 0 0 rg BT 100.98 297.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.46 297.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 164.51 297.50 Td (and ) Tj ET Q q 0 0 0 rg BT 184.33 297.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 233.05 297.50 Td (assets. ) Tj ET Q q 0 0 0 rg BT 267.66 297.50 Td (There ) Tj ET Q q 0 0 0 rg BT 296.92 297.50 Td (are ) Tj ET Q q 0 0 0 rg BT 314.51 297.50 Td (no ) Tj ET Q q 0 0 0 rg BT 328.77 297.50 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 371.93 297.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 425.65 297.50 Td (in ) Tj ET Q q 0 0 0 rg BT 436.56 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 453.60 297.50 Td (results ) Tj ET Q q 0 0 0 rg BT 486.19 297.50 Td (for ) Tj ET Q q 0 0 0 rg BT 500.99 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.03 297.50 Td (presented ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 285.50 Td (periods. ) Tj ET Q q 0 0 0 rg BT 87.47 285.50 Td (The ) Tj ET Q q 0 0 0 rg BT 107.27 285.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 147.63 285.50 Td (in ) Tj ET Q q 0 0 0 rg BT 157.98 285.50 Td (property) Tj ET Q q 0 0 0 rg BT 193.93 285.50 Td (, ) Tj ET Q q 0 0 0 rg BT 199.27 285.50 Td (plant ) Tj ET Q q 0 0 0 rg BT 223.52 285.50 Td (and ) Tj ET Q q 0 0 0 rg BT 242.77 285.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 292.03 285.50 Td (during ) Tj ET Q q 0 0 0 rg BT 322.40 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 338.86 285.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 373.11 285.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 403.49 285.50 Td (December ) Tj ET Q q 0 0 0 rg BT 452.18 285.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 468.65 285.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 493.46 285.50 Td (was ) Tj ET Q q 0 0 0 rg BT 513.81 285.50 Td (largely ) Tj ET Q q 0 0 0 rg BT 545.83 285.50 Td (due ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 273.50 Td (to ) Tj ET Q q 0 0 0 rg BT 60.75 273.50 Td (the ) Tj ET Q q 0 0 0 rg BT 77.56 273.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 114.36 273.50 Td (of ) Tj ET Q q 0 0 0 rg BT 125.61 273.50 Td ($2,000,000 ) Tj ET Q q 0 0 0 rg BT 178.57 273.50 Td (from ) Tj ET Q q 0 0 0 rg BT 201.47 273.50 Td (non-current ) Tj ET Q q 0 0 0 rg BT 255.52 273.50 Td (deposits ) Tj ET Q q 0 0 0 rg BT 295.67 273.50 Td (for ) Tj ET Q q 0 0 0 rg BT 310.25 273.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 342.62 273.50 Td (and ) Tj ET Q q 0 0 0 rg BT 362.21 273.50 Td (auxiliary ) Tj ET Q q 0 0 0 rg BT 401.79 273.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 451.40 273.50 Td (received ) Tj ET Q q 0 0 0 rg BT 492.11 273.50 Td (from ) Tj ET Q q 0 0 0 rg BT 515.01 273.50 Td (Goldcorp's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 261.50 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 79.50 261.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 103.96 261.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 145.65 261.50 Td (to ) Tj ET Q q 0 0 0 rg BT 156.77 261.50 Td (the ) Tj ET Q q 0 0 0 rg BT 173.45 261.50 Td (Marlin ) Tj ET Q q 0 0 0 rg BT 203.46 261.50 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 254.04 261.50 Td (ROFR ) Tj ET Q q 0 0 0 rg BT 285.15 261.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 329.07 261.50 Td (agreement.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I6 Do Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (7) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 91.45 698.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.05 698.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 164.33 698.50 Td (for ) Tj ET Q q 0 0 0 rg BT 181.21 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 199.92 698.50 Td (Four ) Tj ET Q q 0 0 0 rg BT 226.57 698.50 Td (Months ) Tj ET Q q 0 0 0 rg BT 267.89 698.50 Td (Ended ) Tj ET Q q 0 0 0 rg BT 303.71 698.50 Td (December ) Tj ET Q q 0 0 0 rg BT 359.12 698.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 376.63 698.50 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 401.10 698.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.32 698.50 Td (Compared ) Tj ET Q q 0 0 0 rg BT 459.93 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 472.52 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 491.24 698.50 Td (Three ) Tj ET Q q 0 0 0 rg BT 523.41 698.50 Td (Months ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (Ended ) Tj ET Q q 0 0 0 rg BT 86.17 685.30 Td (November ) Tj ET Q q 0 0 0 rg BT 143.02 685.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 161.37 685.30 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 185.84 685.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 661.30 Td (The ) Tj ET Q q 0 0 0 rg BT 70.32 661.30 Td (Company) Tj ET Q q 0 0 0 rg BT 115.16 661.30 Td (s ) Tj ET Q q 0 0 0 rg BT 123.74 661.30 Td (net ) Tj ET Q q 0 0 0 rg BT 141.23 661.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 162.60 661.30 Td (for ) Tj ET Q q 0 0 0 rg BT 177.86 661.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.35 661.30 Td (four ) Tj ET Q q 0 0 0 rg BT 216.17 661.30 Td (months ) Tj ET Q q 0 0 0 rg BT 252.55 661.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 283.94 661.30 Td (December ) Tj ET Q q 0 0 0 rg BT 333.66 661.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 351.14 661.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.39 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 376.98 661.30 Td (totaled ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.59 661.30 Td ($5,756,945) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.64 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 464.22 661.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.70 661.30 Td ($0.09) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.73 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 505.31 661.30 Td (per ) Tj ET Q q 0 0 0 rg BT 523.35 661.30 Td (share ) Tj ET Q q 0 0 0 rg BT 551.96 661.30 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 649.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 97.09 649.30 Td (to ) Tj ET Q q 0 0 0 rg BT 108.56 649.30 Td (a ) Tj ET Q q 0 0 0 rg BT 117.24 649.30 Td (net ) Tj ET Q q 0 0 0 rg BT 134.27 649.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.17 649.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 166.64 649.30 Td ($718,104) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.35 649.30 Td ( ) Tj ET Q q 0 0 0 rg BT 211.47 649.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.49 649.30 Td ($0.17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.51 649.30 Td ( ) Tj ET Q q 0 0 0 rg BT 251.63 649.30 Td (per ) Tj ET Q q 0 0 0 rg BT 269.21 649.30 Td (share ) Tj ET Q q 0 0 0 rg BT 297.35 649.30 Td (for ) Tj ET Q q 0 0 0 rg BT 312.14 649.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.17 649.30 Td (three ) Tj ET Q q 0 0 0 rg BT 355.09 649.30 Td (months ) Tj ET Q q 0 0 0 rg BT 391.00 649.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 421.94 649.30 Td (November ) Tj ET Q q 0 0 0 rg BT 471.19 649.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 488.21 649.30 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.46 649.30 Td (. ) Tj ET Q q 0 0 0 rg BT 516.36 649.30 Td (Significant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 637.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 109.54 637.30 Td (and ) Tj ET Q q 0 0 0 rg BT 129.00 637.30 Td (variances ) Tj ET Q q 0 0 0 rg BT 174.58 637.30 Td (are ) Tj ET Q q 0 0 0 rg BT 191.81 637.30 Td (as ) Tj ET Q q 0 0 0 rg BT 205.15 637.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 601.8 m 358 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 601.8 m 462 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 601.8 m 251 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 601.8 m 358 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 601.8 m 462 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 601.8 m 563 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 461.8 m 251 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 461.8 m 358 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 461.8 m 462 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 461.8 m 563 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 461.8 m 251 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 461.8 m 358 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 461.8 m 462 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 461.8 m 563 461.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 405.8 m 251 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 405.8 m 358 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 405.8 m 462 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 405.8 m 563 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 405.8 m 251 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 405.8 m 358 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 405.8 m 462 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 405.8 m 563 405.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 377.8 m 358 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 377.8 m 462 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 377.8 m 563 377.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 377.8 m 251 377.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 363.8 m 251 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 377.8 m 358 377.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 251 363.8 m 358 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 377.8 m 462 377.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358 363.8 m 462 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 377.8 m 563 377.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462 363.8 m 563 363.8 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.60 616.42 Td (Four Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.40 606.42 Td (December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.10 616.42 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 606.42 Td (November 30, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.90 606.42 Td (Increase \(Decrease\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 592.02 Td (Accounting and legal) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 145.35 596.79 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.40 592.02 Td ($194,419) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.55 592.02 Td ($4,622) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.40 592.02 Td ($189,797) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 578.02 Td (Accretion) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 94.18 582.79 Td ( \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.55 578.07 Td (75,913) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 578.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 578.02 Td (75,913) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 564.02 Td (Advertising and promotion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.55 564.07 Td (47,298) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 564.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 564.02 Td (47,298) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 550.02 Td (Corporate listing and filing fees) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 189.80 554.79 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.55 550.07 Td (12,285) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.10 550.02 Td (1,285) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 550.02 Td (1) Tj ET Q q 0 0 0 rg BT 534.11 550.02 Td (1,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 536.02 Td (Exploration and evaluation expenses) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 215.95 540.79 Td ( \(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 536.02 Td (2,979,522) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 536.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.65 536.02 Td (2,979,522) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 522.02 Td (Of) Tj ET Q q 0 0 0 rg BT 62.88 522.02 Td (fice and administration) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 162.93 526.79 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.00 522.02 Td (346,386) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.45 522.02 Td (153) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 522.02 Td (346,233) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 508.02 Td (Rent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.55 508.07 Td (23,445) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.45 508.02 Td (335) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 508.02 Td (23,1) Tj ET Q q 0 0 0 rg BT 548.01 508.02 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 494.02 Td (Share-based compensation) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 174.80 498.79 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.00 494.02 Td (847,918) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 494.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 494.02 Td (847,918) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 480.02 Td (T) Tj ET Q q 0 0 0 rg BT 58.42 480.02 Td (ransfer agent fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.45 480.02 Td (289) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.10 480.02 Td (2,744) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.75 480.02 Td (\(2,455) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 480.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 466.02 Td (W) Tj ET Q q 0 0 0 rg BT 61.57 466.02 Td (ages and consulting fees) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 172.20 470.79 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.00 466.02 Td (884,944) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.10 466.02 Td (7,915) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 466.02 Td (877,029) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 452.02 Td (T) Tj ET Q q 0 0 0 rg BT 58.05 452.02 Td (otal expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.30 452.07 Td (\(5,412,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 452.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 424.20 452.02 Td (\(17,054) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 452.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.30 452.02 Td (\(5,395,365) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 452.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 438.02 Td (Interest income) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 120.86 442.79 Td ( \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.00 438.02 Td (187,018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 438.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 438.02 Td (187,018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 424.02 Td (W) Tj ET Q q 0 0 0 rg BT 61.85 424.02 Td (rite-of) Tj ET Q q 0 0 0 rg BT 87.23 424.02 Td (f of exploration and evaluation asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 424.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.65 424.02 Td (\(701,050) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 424.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 424.02 Td (701,050) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 410.02 Td (Foreign exchange loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.65 410.02 Td (\(501,1) Tj ET Q q 0 0 0 rg BT 343.00 410.02 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 410.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 410.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.65 410.02 Td (\(501,1) Tj ET Q q 0 0 0 rg BT 548.00 410.02 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 410.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 396.02 Td (Loss before income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.30 396.07 Td (\(5,726,520) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 396.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.65 396.02 Td (\(718,104) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 396.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.30 396.02 Td (\(5,008,416) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 396.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 382.02 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.20 382.02 Td (\(30,425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 382.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 382.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.20 382.02 Td (\(30,425) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 382.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 368.02 Td (Net loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.75 368.02 Td (\($5,756,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 368.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.10 368.02 Td (\($718,104) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.15 368.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.75 368.02 Td (\($5,038,841) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 368.02 Td (\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 345.07 Td (\(1\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 340.30 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 133.88 340.30 Td (listing, ) Tj ET Q q 0 0 0 rg BT 166.13 340.30 Td (of) Tj ET Q q 0 0 0 rg BT 174.29 340.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 193.77 340.30 Td (and ) Tj ET Q q 0 0 0 rg BT 214.36 340.30 Td (administration, ) Tj ET Q q 0 0 0 rg BT 283.30 340.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 341.13 340.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 366.73 340.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 426.23 340.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 492.40 340.30 Td (and ) Tj ET Q q 0 0 0 rg BT 513.00 340.30 Td (wages ) Tj ET Q q 0 0 0 rg BT 545.81 340.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 328.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 133.02 328.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 154.42 328.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.27 328.30 Td (due ) Tj ET Q q 0 0 0 rg BT 219.45 328.30 Td (to ) Tj ET Q q 0 0 0 rg BT 230.29 328.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 276.14 328.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 316.98 328.30 Td (related ) Tj ET Q q 0 0 0 rg BT 350.05 328.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.89 328.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.79 328.30 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 429.92 328.30 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 481.90 328.30 Td (and ) Tj ET Q q 0 0 0 rg BT 501.08 328.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 524.70 328.30 Td (expense ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 316.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 125.45 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.62 316.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.22 316.30 Td (of ) Tj ET Q q 0 0 0 rg BT 175.82 316.30 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 217.99 316.30 Td (reviews ) Tj ET Q q 0 0 0 rg BT 255.15 316.30 Td (by ) Tj ET Q q 0 0 0 rg BT 268.97 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.14 316.30 Td (auditor) Tj ET Q q 0 0 0 rg BT 316.16 316.30 Td (, ) Tj ET Q q 0 0 0 rg BT 322.20 316.30 Td (year-end ) Tj ET Q q 0 0 0 rg BT 364.93 316.30 Td (audit ) Tj ET Q q 0 0 0 rg BT 389.88 316.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 435.95 316.30 Td (and ) Tj ET Q q 0 0 0 rg BT 455.90 316.30 Td (general ) Tj ET Q q 0 0 0 rg BT 492.52 316.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 516.91 316.30 Td (expenses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 304.30 Td (Of) Tj ET Q q 0 0 0 rg BT 95.88 304.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 114.64 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.53 304.30 Td (administration ) Tj ET Q q 0 0 0 rg BT 199.99 304.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 239.88 304.30 Td (travel ) Tj ET Q q 0 0 0 rg BT 267.54 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 287.42 304.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 333.99 304.30 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 382.78 304.30 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 443.24 304.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 508.71 304.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 548.60 304.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 292.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 131.97 292.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 148.98 292.30 Td (value ) Tj ET Q q 0 0 0 rg BT 176.00 292.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.45 292.30 Td (4,935,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.94 292.30 Td ( ) Tj ET Q q 0 0 0 rg BT 235.05 292.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.51 292.30 Td (options ) Tj ET Q q 0 0 0 rg BT 296.87 292.30 Td (and ) Tj ET Q q 0 0 0 rg BT 316.67 292.30 Td (500,000 ) Tj ET Q q 0 0 0 rg BT 355.93 292.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 387.94 292.30 Td (recourse ) Tj ET Q q 0 0 0 rg BT 429.96 292.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 451.98 292.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 485.11 292.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 517.69 292.30 Td (during ) Tj ET Q q 0 0 0 rg BT 548.60 292.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 280.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 116.63 280.30 Td (. ) Tj ET Q q 0 0 0 rg BT 122.92 280.30 Td (W) Tj ET Q q 0 0 0 rg BT 131.99 280.30 Td (ages ) Tj ET Q q 0 0 0 rg BT 157.18 280.30 Td (and ) Tj ET Q q 0 0 0 rg BT 177.38 280.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 225.92 280.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 248.33 280.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 288.53 280.30 Td (directors, ) Tj ET Q q 0 0 0 rg BT 333.16 280.30 Td (executives ) Tj ET Q q 0 0 0 rg BT 383.92 280.30 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 280.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 455.98 280.30 Td (based ) Tj ET Q q 0 0 0 rg BT 486.73 280.30 Td (in ) Tj ET Q q 0 0 0 rg BT 498.03 280.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.44 280.30 Td (V) Tj ET Q q 0 0 0 rg BT 521.37 280.30 Td (ancouver ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 268.30 Td (of) Tj ET Q q 0 0 0 rg BT 93.66 268.30 Td (fice.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 249.07 Td (\(2\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 244.30 Td (Accretion ) Tj ET Q q 0 0 0 rg BT 129.96 244.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.55 244.30 Td (is ) Tj ET Q q 0 0 0 rg BT 180.55 244.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 232.25 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 243.37 244.30 Td (update ) Tj ET Q q 0 0 0 rg BT 276.73 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 293.41 244.30 Td (present ) Tj ET Q q 0 0 0 rg BT 329.54 244.30 Td (value ) Tj ET Q q 0 0 0 rg BT 356.23 244.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.35 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 244.30 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 443.51 244.30 Td (provision.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 225.07 Td (\(3\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 220.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 120.90 220.30 Td (income ) Tj ET Q q 0 0 0 rg BT 155.20 220.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.61 220.30 Td (as ) Tj ET Q q 0 0 0 rg BT 213.23 220.30 Td (the ) Tj ET Q q 0 0 0 rg BT 229.18 220.30 Td (result ) Tj ET Q q 0 0 0 rg BT 255.69 220.30 Td (of ) Tj ET Q q 0 0 0 rg BT 266.09 220.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.94 220.30 Td (in ) Tj ET Q q 0 0 0 rg BT 315.78 220.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.96 220.30 Td (from ) Tj ET Q q 0 0 0 rg BT 361.01 220.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.97 220.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 420.16 220.30 Td (received ) Tj ET Q q 0 0 0 rg BT 460.01 220.30 Td (from ) Tj ET Q q 0 0 0 rg BT 482.07 220.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 524.15 220.30 Td (activities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 208.30 Td (in ) Tj ET Q q 0 0 0 rg BT 96.06 208.30 Td (the ) Tj ET Q q 0 0 0 rg BT 112.74 208.30 Td (second ) Tj ET Q q 0 0 0 rg BT 147.77 208.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 182.23 208.30 Td (of ) Tj ET Q q 0 0 0 rg BT 193.35 208.30 Td (2017.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I7 Do Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (8) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 91.45 698.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.05 698.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 164.33 698.50 Td (for ) Tj ET Q q 0 0 0 rg BT 181.21 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 199.92 698.50 Td (Four ) Tj ET Q q 0 0 0 rg BT 226.57 698.50 Td (Months ) Tj ET Q q 0 0 0 rg BT 267.89 698.50 Td (Ended ) Tj ET Q q 0 0 0 rg BT 303.71 698.50 Td (December ) Tj ET Q q 0 0 0 rg BT 359.12 698.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 376.63 698.50 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 401.10 698.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.32 698.50 Td (Compared ) Tj ET Q q 0 0 0 rg BT 459.93 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 472.52 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 491.24 698.50 Td (Three ) Tj ET Q q 0 0 0 rg BT 523.41 698.50 Td (Months ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (Ended ) Tj ET Q q 0 0 0 rg BT 86.17 685.30 Td (November ) Tj ET Q q 0 0 0 rg BT 143.02 685.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 161.37 685.30 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 185.84 685.30 Td ( ) Tj ET Q q 0 0 0 rg BT 188.90 685.30 Td (\(cont'd\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 666.07 Td (\(4\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 661.30 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 138.35 661.30 Td (and ) Tj ET Q q 0 0 0 rg BT 157.85 661.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 206.26 661.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 251.88 661.30 Td (for ) Tj ET Q q 0 0 0 rg BT 266.37 661.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 283.09 661.30 Td (four ) Tj ET Q q 0 0 0 rg BT 303.14 661.30 Td (months ) Tj ET Q q 0 0 0 rg BT 338.75 661.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.38 661.30 Td (December ) Tj ET Q q 0 0 0 rg BT 418.32 661.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 435.04 661.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.29 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 460.11 661.30 Td (related ) Tj ET Q q 0 0 0 rg BT 493.50 661.30 Td (to ) Tj ET Q q 0 0 0 rg BT 504.66 661.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.17 661.30 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 649.30 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 113.28 649.30 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 146.64 649.30 Td (and ) Tj ET Q q 0 0 0 rg BT 166.10 649.30 Td (Mita ) Tj ET Q q 0 0 0 rg BT 187.77 649.30 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 242.79 649.30 Td (and ) Tj ET Q q 0 0 0 rg BT 262.26 649.30 Td (were ) Tj ET Q q 0 0 0 rg BT 286.71 649.30 Td (for ) Tj ET Q q 0 0 0 rg BT 301.16 649.30 Td (the ) Tj ET Q q 0 0 0 rg BT 317.84 649.30 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 613.8 m 317.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 613.8 m 430.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 613.8 m 543.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 613.8 m 317.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 613.8 m 430.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 613.8 m 543.5 613.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 498.8 m 317.5 498.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 483.8 m 317.5 483.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 498.8 m 430.5 498.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 483.8 m 430.5 483.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 498.8 m 543.5 498.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 483.8 m 543.5 483.8 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.10 628.42 Td (Four Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.90 618.42 Td (December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.60 628.42 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 452.15 618.42 Td (November 30, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 603.42 Td (Cerro Blanco operating expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.60 603.47 Td ($3,313,083) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.05 603.42 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 588.42 Td (Feasibility Study) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.50 588.42 Td (440,452) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 588.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 573.42 Td (Corporate social responsibility and community ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 563.42 Td (relations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.50 563.42 Td (273,216) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 563.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 548.42 Td (Geothermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.50 548.42 Td (104,464) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 548.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 533.42 Td (Depreciation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.50 533.42 Td (1) Tj ET Q q 0 0 0 rg BT 396.06 533.42 Td (14,372) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 533.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 518.42 Td (Mohave expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 518.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 518.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 503.42 Td (Change in rehabilitation provision estimates) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 281.44 508.19 Td ( \(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.80 503.47 Td (\(1,266,065) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 503.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.65 503.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.60 488.47 Td ($2,979,522) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.05 488.42 Td ($) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 465.07 Td (\(5\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 460.30 Td (The ) Tj ET Q q 0 0 0 rg BT 105.33 460.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 149.06 460.30 Td (in ) Tj ET Q q 0 0 0 rg BT 159.43 460.30 Td (exploration ) Tj ET Q q 0 0 0 rg BT 210.95 460.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.23 460.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 278.41 460.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 323.81 460.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 334.75 460.30 Td ($1,266,065) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.79 460.30 Td ( ) Tj ET Q q 0 0 0 rg BT 387.39 460.30 Td (in ) Tj ET Q q 0 0 0 rg BT 397.77 460.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.26 460.30 Td (four ) Tj ET Q q 0 0 0 rg BT 434.09 460.30 Td (months ) Tj ET Q q 0 0 0 rg BT 469.47 460.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 499.87 460.30 Td (December ) Tj ET Q q 0 0 0 rg BT 548.60 460.30 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 448.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 107.75 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 110.52 448.30 Td (relates ) Tj ET Q q 0 0 0 rg BT 143.32 448.30 Td (to ) Tj ET Q q 0 0 0 rg BT 154.44 448.30 Td (a ) Tj ET Q q 0 0 0 rg BT 162.78 448.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 206.69 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 217.25 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.93 448.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 280.07 448.30 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 339.55 448.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 382.35 448.30 Td (for ) Tj ET Q q 0 0 0 rg BT 396.79 448.30 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 424.58 448.30 Td (Blanco.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I8 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (Summary of ) Tj ET Q q 0 0 0 rg BT 115.72 411.10 Td (Annual Results) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.99 387.10 Td (following ) Tj ET Q q 0 0 0 rg BT 114.16 387.10 Td (table ) Tj ET Q q 0 0 0 rg BT 140.10 387.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 198.25 387.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 239.75 387.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.70 387.10 Td (data ) Tj ET Q q 0 0 0 rg BT 304.42 387.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 345.92 387.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.74 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.89 387.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.95 387.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.88 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.03 387.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 497.64 387.10 Td (months ) Tj ET Q q 0 0 0 rg BT 534.69 387.10 Td (ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 114.62 375.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.87 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.19 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.19 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.40 375.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 214.52 375.10 Td (two ) Tj ET Q q 0 0 0 rg BT 232.39 375.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 257.49 375.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 287.04 375.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 310.47 375.10 Td (period ) Tj ET Q q 0 0 0 rg BT 340.58 375.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 381.25 375.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 412.48 375.10 Td (have ) Tj ET Q q 0 0 0 rg BT 436.48 375.10 Td (been ) Tj ET Q q 0 0 0 rg BT 461.04 375.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 499.49 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.47 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.69 375.10 Td (change ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.06 363.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 117.88 363.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 159.00 363.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.78 363.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 227.37 363.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 259.61 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.73 363.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 292.95 363.10 Td (dollars.) Tj ET Q 1 1 1 rg /GS0 gs 49.00 352.60 288.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 337.00 352.60 75.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 412.00 352.60 75.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 487.00 352.60 75.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 312.60 288.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 337.00 312.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 412.00 312.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 487.00 312.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.00 282.60 288.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 337.00 282.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 412.00 282.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 487.00 282.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 327.6 m 337 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 327.6 m 412 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 327.6 m 487 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 327.6 m 562 327.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 252.60000000000002 m 337 252.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337 252.60000000000002 m 412 252.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412 252.60000000000002 m 487 252.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 252.60000000000002 m 562 252.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.45 342.22 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.25 332.22 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.65 342.22 Td (November 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.25 332.22 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.65 342.22 Td (November 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 536.25 332.22 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 317.22 Td (T) Tj ET Q q 0 0 0 rg BT 57.05 317.22 Td (otal assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.50 317.22 Td ($66,364,124) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.00 317.22 Td ($22,617) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.40 317.22 Td ($828,968) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 302.22 Td (Non-current financial liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 302.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.15 302.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 302.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 287.22 Td (Rehabilitation provisions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.65 287.22 Td (6,528,462) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.15 287.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 287.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 272.22 Td (Net loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.30 272.22 Td (\(8,374,559) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 272.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.65 272.22 Td (\(794,210) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.15 272.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.30 272.22 Td (\(1,746,715) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 558.15 272.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 257.22 Td (Basic and diluted loss per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.35 257.22 Td (\(0.25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.15 257.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.35 257.22 Td (\(0.19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.15 257.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 535.35 257.22 Td (\(0.80) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 558.15 257.22 Td (\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 84.15 229.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 138.24 229.10 Td (depended ) Tj ET Q q 0 0 0 rg BT 186.24 229.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.87 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.58 229.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 272.23 229.10 Td (private ) Tj ET Q q 0 0 0 rg BT 305.75 229.10 Td (placements ) Tj ET Q q 0 0 0 rg BT 360.40 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.59 229.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 432.45 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.30 229.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 496.73 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.92 229.10 Td (evaluation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (assets.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.20 21.25 Td (9) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.62 698.50 Td (of ) Tj ET Q q 0 0 0 rg BT 106.40 698.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 167.85 698.50 Td (for ) Tj ET Q q 0 0 0 rg BT 185.90 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 205.79 698.50 Td (Thirteen ) Tj ET Q q 0 0 0 rg BT 252.58 698.50 Td (Months ) Tj ET Q q 0 0 0 rg BT 295.07 698.50 Td (Ended ) Tj ET Q q 0 0 0 rg BT 332.07 698.50 Td (December ) Tj ET Q q 0 0 0 rg BT 388.65 698.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.33 698.50 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 431.80 698.50 Td ( ) Tj ET Q q 0 0 0 rg BT 435.19 698.50 Td (Compared ) Tj ET Q q 0 0 0 rg BT 492.98 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 506.75 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 526.64 698.50 Td (T) Tj ET Q q 0 0 0 rg BT 532.54 698.50 Td (welve ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (Months ) Tj ET Q q 0 0 0 rg BT 91.66 685.30 Td (Ended ) Tj ET Q q 0 0 0 rg BT 128.33 685.30 Td (November ) Tj ET Q q 0 0 0 rg BT 185.18 685.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.53 685.30 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 228.00 685.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 661.30 Td (The ) Tj ET Q q 0 0 0 rg BT 69.42 661.30 Td (Company) Tj ET Q q 0 0 0 rg BT 114.26 661.30 Td (s ) Tj ET Q q 0 0 0 rg BT 121.95 661.30 Td (net ) Tj ET Q q 0 0 0 rg BT 138.54 661.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 159.01 661.30 Td (for ) Tj ET Q q 0 0 0 rg BT 173.37 661.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.97 661.30 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 226.01 661.30 Td (months ) Tj ET Q q 0 0 0 rg BT 261.49 661.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.99 661.30 Td (December ) Tj ET Q q 0 0 0 rg BT 340.81 661.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 357.40 661.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 382.34 661.30 Td (totaled ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.05 661.30 Td ($8,374,559) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.10 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 467.79 661.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.37 661.30 Td ($0.25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.40 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 507.08 661.30 Td (per ) Tj ET Q q 0 0 0 rg BT 524.23 661.30 Td (share ) Tj ET Q q 0 0 0 rg BT 551.93 661.30 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 649.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 96.80 649.30 Td (to ) Tj ET Q q 0 0 0 rg BT 107.97 649.30 Td (a ) Tj ET Q q 0 0 0 rg BT 116.37 649.30 Td (net ) Tj ET Q q 0 0 0 rg BT 133.10 649.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 153.72 649.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 164.89 649.30 Td ($794,210) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.60 649.30 Td ( ) Tj ET Q q 0 0 0 rg BT 209.43 649.30 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 221.15 649.30 Td ($0.19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.18 649.30 Td ( ) Tj ET Q q 0 0 0 rg BT 249.01 649.30 Td (per ) Tj ET Q q 0 0 0 rg BT 266.30 649.30 Td (share ) Tj ET Q q 0 0 0 rg BT 294.14 649.30 Td (for ) Tj ET Q q 0 0 0 rg BT 308.65 649.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 325.38 649.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 356.56 649.30 Td (months ) Tj ET Q q 0 0 0 rg BT 392.18 649.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 422.82 649.30 Td (November ) Tj ET Q q 0 0 0 rg BT 471.78 649.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 488.52 649.30 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.76 649.30 Td (. ) Tj ET Q q 0 0 0 rg BT 516.37 649.30 Td (Significant ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 637.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 109.54 637.30 Td (and ) Tj ET Q q 0 0 0 rg BT 129.00 637.30 Td (variances ) Tj ET Q q 0 0 0 rg BT 174.58 637.30 Td (are ) Tj ET Q q 0 0 0 rg BT 191.81 637.30 Td (as ) Tj ET Q q 0 0 0 rg BT 205.15 637.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 601.8 m 351 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 601.8 m 471 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 601.8 m 231 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 601.8 m 351 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 601.8 m 471 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 601.8 m 563 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 436.8 m 231 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 436.8 m 351 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 436.8 m 471 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 436.8 m 563 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 436.8 m 231 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 436.8 m 351 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 436.8 m 471 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 436.8 m 563 436.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 351.8 m 231 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 351.8 m 351 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 351.8 m 471 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 351.8 m 563 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 351.8 m 231 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 351.8 m 351 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 351.8 m 471 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 351.8 m 563 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 321.8 m 351 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 321.8 m 471 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 321.8 m 563 321.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 321.8 m 231 321.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 306.8 m 231 306.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 321.8 m 351 321.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231 306.8 m 351 306.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 321.8 m 471 321.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351 306.8 m 471 306.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 321.8 m 563 321.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471 306.8 m 563 306.8 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 616.42 Td (Thirteen Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.40 606.42 Td (December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.10 616.42 Td (T) Tj ET Q q 0 0 0 rg BT 374.93 616.42 Td (welve Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.65 606.42 Td (November 30, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 521.10 616.42 Td (Increase) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.00 606.42 Td (\(Decrease\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 591.42 Td (Accounting and legal) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 145.35 596.19 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.40 591.42 Td ($327,062) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.55 591.42 Td ($6,385) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.40 591.42 Td ($320,677) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 576.42 Td (Accretion) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 94.18 581.19 Td ( \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 576.42 Td (138,684) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 576.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 576.42 Td (138,684) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 561.42 Td (Advertising and promotion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.55 561.47 Td (73,440) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.45 561.42 Td (612) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 561.42 Td (72,828) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 546.42 Td (Corporate listing and filing fees) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 189.80 551.19 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.55 546.47 Td (43,219) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.10 546.42 Td (7,946) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 546.42 Td (35,273) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 531.42 Td (Exploration and evaluation expenses) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 215.95 536.19 Td ( \(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 531.42 Td (4,129,553) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.10 531.42 Td (8,020) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.65 531.42 Td (4,121,533) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 516.42 Td (Of) Tj ET Q q 0 0 0 rg BT 62.88 516.42 Td (fice and administration) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 162.93 521.19 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 516.42 Td (528,432) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.10 516.42 Td (1,977) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 516.42 Td (526,455) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 501.42 Td (Property investigation) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 148.66 506.19 Td ( \(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.55 501.47 Td (27,644) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 501.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.55 501.42 Td (27,644) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 486.42 Td (Rent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.55 486.47 Td (39,660) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.55 486.42 Td (30,003) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.10 486.42 Td (9,657) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 471.42 Td (Share-based compensation) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 174.80 476.19 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 471.42 Td (1,522,198) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 471.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.65 471.42 Td (1,522,198) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 456.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.42 456.42 Td (ransfer agent fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.55 456.47 Td (10,489) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.10 456.42 Td (9,312) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.10 456.42 Td (1,177) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 441.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.57 441.42 Td (ages and consulting fees) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 172.20 446.19 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 441.42 Td (1,544,235) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.55 441.42 Td (31,726) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.65 441.42 Td (1,512,509) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 426.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.05 426.42 Td (otal expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.30 426.47 Td (\(8,384,616) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 426.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.20 426.42 Td (\(95,981) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.15 426.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.30 426.42 Td (\(8,288,635) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 426.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 411.42 Td (Interest income) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 120.86 416.19 Td ( \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.00 411.42 Td (302,875) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 411.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 411.42 Td (302,875) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 396.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.85 396.42 Td (rite-of) Tj ET Q q 0 0 0 rg BT 87.23 396.42 Td (f of exploration and evaluation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 386.42 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.15 386.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.65 386.42 Td (\(701,050) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.15 386.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.00 386.42 Td (701,050) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 371.42 Td (Other income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.15 371.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.10 371.42 Td (2,821) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.75 371.42 Td (\(2,821) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 371.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 356.42 Td (Foreign exchange loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 356.42 Td (\(262,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 356.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 356.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.65 356.42 Td (\(262,393) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 356.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 341.42 Td (Loss before income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.30 341.47 Td (\(8,344,134) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 341.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.65 341.42 Td (\(794,210) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.15 341.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.30 341.42 Td (\(7,549,924) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 341.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 326.42 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.20 326.42 Td (\(30,425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 326.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 457.15 326.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.20 326.42 Td (\(30,425) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 326.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 311.42 Td (Net loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.75 311.42 Td (\($8,374,559) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 311.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.10 311.42 Td (\($794,210) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.15 311.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.75 311.42 Td (\($7,580,349) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 559.15 311.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 288.07 Td (\(1\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 283.30 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 133.88 283.30 Td (listing, ) Tj ET Q q 0 0 0 rg BT 166.13 283.30 Td (of) Tj ET Q q 0 0 0 rg BT 174.29 283.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 193.77 283.30 Td (and ) Tj ET Q q 0 0 0 rg BT 214.36 283.30 Td (administration, ) Tj ET Q q 0 0 0 rg BT 283.30 283.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 341.13 283.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 366.73 283.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 426.23 283.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 492.40 283.30 Td (and ) Tj ET Q q 0 0 0 rg BT 513.00 283.30 Td (wages ) Tj ET Q q 0 0 0 rg BT 545.81 283.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 271.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 133.02 271.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 154.42 271.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.27 271.30 Td (due ) Tj ET Q q 0 0 0 rg BT 219.45 271.30 Td (to ) Tj ET Q q 0 0 0 rg BT 230.29 271.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 276.14 271.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 316.98 271.30 Td (related ) Tj ET Q q 0 0 0 rg BT 350.05 271.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.89 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.79 271.30 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 429.92 271.30 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 481.90 271.30 Td (and ) Tj ET Q q 0 0 0 rg BT 501.08 271.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 524.70 271.30 Td (expense ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 259.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 125.45 259.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.62 259.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.22 259.30 Td (of ) Tj ET Q q 0 0 0 rg BT 175.82 259.30 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 217.99 259.30 Td (reviews ) Tj ET Q q 0 0 0 rg BT 255.15 259.30 Td (by ) Tj ET Q q 0 0 0 rg BT 268.97 259.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.14 259.30 Td (auditor) Tj ET Q q 0 0 0 rg BT 316.16 259.30 Td (, ) Tj ET Q q 0 0 0 rg BT 322.20 259.30 Td (year-end ) Tj ET Q q 0 0 0 rg BT 364.93 259.30 Td (audit ) Tj ET Q q 0 0 0 rg BT 389.88 259.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 435.95 259.30 Td (and ) Tj ET Q q 0 0 0 rg BT 455.90 259.30 Td (general ) Tj ET Q q 0 0 0 rg BT 492.52 259.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 516.91 259.30 Td (expenses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 247.30 Td (Of) Tj ET Q q 0 0 0 rg BT 95.88 247.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 114.64 247.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.53 247.30 Td (administration ) Tj ET Q q 0 0 0 rg BT 199.99 247.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 239.88 247.30 Td (travel ) Tj ET Q q 0 0 0 rg BT 267.54 247.30 Td (and ) Tj ET Q q 0 0 0 rg BT 287.42 247.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 333.99 247.30 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 382.78 247.30 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 443.24 247.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 508.71 247.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 548.60 247.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 235.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 131.97 235.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 148.98 235.30 Td (value ) Tj ET Q q 0 0 0 rg BT 176.00 235.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.45 235.30 Td (4,935,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.94 235.30 Td ( ) Tj ET Q q 0 0 0 rg BT 235.05 235.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.51 235.30 Td (options ) Tj ET Q q 0 0 0 rg BT 296.87 235.30 Td (and ) Tj ET Q q 0 0 0 rg BT 316.67 235.30 Td (500,000 ) Tj ET Q q 0 0 0 rg BT 355.93 235.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 387.94 235.30 Td (recourse ) Tj ET Q q 0 0 0 rg BT 429.96 235.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 451.98 235.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 485.11 235.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 517.69 235.30 Td (during ) Tj ET Q q 0 0 0 rg BT 548.60 235.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 223.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 119.84 223.30 Td (W) Tj ET Q q 0 0 0 rg BT 128.91 223.30 Td (ages ) Tj ET Q q 0 0 0 rg BT 154.36 223.30 Td (and ) Tj ET Q q 0 0 0 rg BT 174.81 223.30 Td (consulting ) Tj ET Q q 0 0 0 rg BT 223.61 223.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 246.27 223.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 286.73 223.30 Td (directors, ) Tj ET Q q 0 0 0 rg BT 331.62 223.30 Td (executives ) Tj ET Q q 0 0 0 rg BT 382.63 223.30 Td (and ) Tj ET Q q 0 0 0 rg BT 403.08 223.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 455.21 223.30 Td (based ) Tj ET Q q 0 0 0 rg BT 486.22 223.30 Td (in ) Tj ET Q q 0 0 0 rg BT 497.77 223.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.44 223.30 Td (V) Tj ET Q q 0 0 0 rg BT 521.36 223.30 Td (ancouver ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 211.30 Td (of) Tj ET Q q 0 0 0 rg BT 93.66 211.30 Td (fice.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 192.07 Td (\(2\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 187.30 Td (Accretion ) Tj ET Q q 0 0 0 rg BT 129.96 187.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.55 187.30 Td (is ) Tj ET Q q 0 0 0 rg BT 180.55 187.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 232.25 187.30 Td (to ) Tj ET Q q 0 0 0 rg BT 243.37 187.30 Td (update ) Tj ET Q q 0 0 0 rg BT 276.73 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 293.41 187.30 Td (present ) Tj ET Q q 0 0 0 rg BT 329.54 187.30 Td (value ) Tj ET Q q 0 0 0 rg BT 356.23 187.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.35 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 187.30 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 443.51 187.30 Td (provision.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 168.07 Td (\(3\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 163.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 120.90 163.30 Td (income ) Tj ET Q q 0 0 0 rg BT 155.20 163.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.61 163.30 Td (as ) Tj ET Q q 0 0 0 rg BT 213.23 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 229.18 163.30 Td (result ) Tj ET Q q 0 0 0 rg BT 255.69 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 266.09 163.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.94 163.30 Td (in ) Tj ET Q q 0 0 0 rg BT 315.78 163.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 338.96 163.30 Td (from ) Tj ET Q q 0 0 0 rg BT 361.01 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.97 163.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 420.16 163.30 Td (received ) Tj ET Q q 0 0 0 rg BT 460.01 163.30 Td (from ) Tj ET Q q 0 0 0 rg BT 482.07 163.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 524.15 163.30 Td (activities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 151.30 Td (in ) Tj ET Q q 0 0 0 rg BT 96.06 151.30 Td (the ) Tj ET Q q 0 0 0 rg BT 112.74 151.30 Td (second ) Tj ET Q q 0 0 0 rg BT 147.77 151.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 182.23 151.30 Td (of ) Tj ET Q q 0 0 0 rg BT 193.35 151.30 Td (2017.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I9 Do Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (10) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.62 698.50 Td (of ) Tj ET Q q 0 0 0 rg BT 106.40 698.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 167.85 698.50 Td (for ) Tj ET Q q 0 0 0 rg BT 185.90 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 205.79 698.50 Td (Thirteen ) Tj ET Q q 0 0 0 rg BT 252.58 698.50 Td (Months ) Tj ET Q q 0 0 0 rg BT 295.07 698.50 Td (Ended ) Tj ET Q q 0 0 0 rg BT 332.07 698.50 Td (December ) Tj ET Q q 0 0 0 rg BT 388.65 698.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.33 698.50 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 431.80 698.50 Td ( ) Tj ET Q q 0 0 0 rg BT 435.19 698.50 Td (Compared ) Tj ET Q q 0 0 0 rg BT 492.98 698.50 Td (to ) Tj ET Q q 0 0 0 rg BT 506.75 698.50 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 526.64 698.50 Td (T) Tj ET Q q 0 0 0 rg BT 532.54 698.50 Td (welve ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 685.30 Td (Months ) Tj ET Q q 0 0 0 rg BT 91.66 685.30 Td (Ended ) Tj ET Q q 0 0 0 rg BT 128.33 685.30 Td (November ) Tj ET Q q 0 0 0 rg BT 185.18 685.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.53 685.30 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 228.00 685.30 Td ( ) Tj ET Q q 0 0 0 rg BT 231.05 685.30 Td (\(cont'd\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 666.07 Td (\(4\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 661.30 Td (Property ) Tj ET Q q 0 0 0 rg BT 124.71 661.30 Td (investigation ) Tj ET Q q 0 0 0 rg BT 181.72 661.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 225.94 661.30 Td (consists ) Tj ET Q q 0 0 0 rg BT 263.48 661.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 302.68 661.30 Td (of ) Tj ET Q q 0 0 0 rg BT 312.44 661.30 Td (travel ) Tj ET Q q 0 0 0 rg BT 338.31 661.30 Td (and ) Tj ET Q q 0 0 0 rg BT 356.41 661.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 395.64 661.30 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 468.74 661.30 Td (for ) Tj ET Q q 0 0 0 rg BT 481.83 661.30 Td (early ) Tj ET Q q 0 0 0 rg BT 504.92 661.30 Td (due ) Tj ET Q q 0 0 0 rg BT 523.02 661.30 Td (diligence ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 649.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 121.08 649.30 Td (to ) Tj ET Q q 0 0 0 rg BT 132.19 649.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.32 649.30 Td (Acquisition.) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 630.07 Td (\(5\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 625.30 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 137.83 625.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.82 625.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 204.72 625.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.83 625.30 Td (for ) Tj ET Q q 0 0 0 rg BT 263.80 625.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.01 625.30 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 315.66 625.30 Td (months ) Tj ET Q q 0 0 0 rg BT 350.76 625.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 380.87 625.30 Td (December ) Tj ET Q q 0 0 0 rg BT 429.30 625.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.51 625.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.75 625.30 Td ( ) Tj ET Q q 0 0 0 rg BT 470.06 625.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 505.16 625.30 Td (to ) Tj ET Q q 0 0 0 rg BT 515.80 625.30 Td (operations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 613.30 Td (at ) Tj ET Q q 0 0 0 rg BT 97.32 613.30 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 125.80 613.30 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 159.86 613.30 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 613.30 Td (Mita ) Tj ET Q q 0 0 0 rg BT 202.39 613.30 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 258.12 613.30 Td (were ) Tj ET Q q 0 0 0 rg BT 283.27 613.30 Td (for ) Tj ET Q q 0 0 0 rg BT 298.42 613.30 Td (the ) Tj ET Q q 0 0 0 rg BT 315.80 613.30 Td (following ) Tj ET Q q 0 0 0 rg BT 358.20 613.30 Td (\(permits ) Tj ET Q q 0 0 0 rg BT 397.79 613.30 Td (and ) Tj ET Q q 0 0 0 rg BT 417.95 613.30 Td (licensing ) Tj ET Q q 0 0 0 rg BT 460.34 613.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.63 613.30 Td (for ) Tj ET Q q 0 0 0 rg BT 516.78 613.30 Td (the ) Tj ET Q q 0 0 0 rg BT 534.16 613.30 Td (twelve ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 601.30 Td (months ) Tj ET Q q 0 0 0 rg BT 121.07 601.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.66 601.30 Td (November ) Tj ET Q q 0 0 0 rg BT 200.56 601.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 217.24 601.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 242.27 601.30 Td (related ) Tj ET Q q 0 0 0 rg BT 275.62 601.30 Td (to ) Tj ET Q q 0 0 0 rg BT 286.74 601.30 Td (the ) Tj ET Q q 0 0 0 rg BT 303.42 601.30 Td (Mohave ) Tj ET Q q 0 0 0 rg BT 341.77 601.30 Td (project\):) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85 565.8 m 322 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 565.8 m 442 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 565.8 m 562 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85 565.8 m 322 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 565.8 m 442 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 565.8 m 562 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85 450.8 m 322 450.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 450.8 m 442 450.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 450.8 m 562 450.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 85 435.8 m 322 435.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 322 435.8 m 442 435.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442 435.8 m 562 435.8 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.35 580.42 Td (Thirteen Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.40 570.42 Td (December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.10 580.42 Td (T) Tj ET Q q 0 0 0 rg BT 465.66 580.42 Td (welve Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.65 570.42 Td (November 30, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 555.42 Td (Cerro Blanco operating expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.10 555.47 Td ($5,125,342) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.55 555.42 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 540.42 Td (Feasibility Study) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 540.42 Td (471,933) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 540.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 525.42 Td (Corporate social responsibility and community ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 515.42 Td (relations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 515.42 Td (302,949) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 515.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 500.42 Td (Geothermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 500.42 Td (127,973) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 500.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 485.42 Td (Depreciation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 485.42 Td (231,001) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 485.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 470.42 Td (Mohave expenditures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.15 470.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.10 470.42 Td (8,020) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.50 455.42 Td (Change in rehabilitation provision estimates) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 280.94 460.19 Td ( \(6\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.30 455.47 Td (\(2,129,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.15 455.42 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 455.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.10 440.47 Td ($4,129,553) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.55 440.42 Td ($8,020) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 417.07 Td (\(6\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 412.30 Td (The ) Tj ET Q q 0 0 0 rg BT 105.35 412.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 149.11 412.30 Td (in ) Tj ET Q q 0 0 0 rg BT 159.52 412.30 Td (exploration ) Tj ET Q q 0 0 0 rg BT 211.06 412.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.36 412.30 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 278.58 412.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 324.00 412.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 334.96 412.30 Td ($2,129,645) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.01 412.30 Td ( ) Tj ET Q q 0 0 0 rg BT 387.63 412.30 Td (in ) Tj ET Q q 0 0 0 rg BT 398.04 412.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.56 412.30 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 450.54 412.30 Td (months ) Tj ET Q q 0 0 0 rg BT 485.95 412.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 516.38 412.30 Td (December ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 400.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 101.66 400.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 123.91 400.30 Td ( ) Tj ET Q q 0 0 0 rg BT 126.17 400.30 Td (relates ) Tj ET Q q 0 0 0 rg BT 158.45 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 169.05 400.30 Td (a ) Tj ET Q q 0 0 0 rg BT 176.87 400.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 220.27 400.30 Td (in ) Tj ET Q q 0 0 0 rg BT 230.31 400.30 Td (the ) Tj ET Q q 0 0 0 rg BT 246.48 400.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 292.09 400.30 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 351.06 400.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 393.34 400.30 Td (for ) Tj ET Q q 0 0 0 rg BT 407.27 400.30 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 434.53 400.30 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 467.37 400.30 Td (and ) Tj ET Q q 0 0 0 rg BT 486.32 400.30 Td (Mita ) Tj ET Q q 0 0 0 rg BT 507.47 400.30 Td (Geothermal.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I10 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.80 21.25 Td (1) Tj ET Q q 0 0 0 rg BT 305.62 21.25 Td (1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 98.38 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.99 698.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 160.72 698.50 Td (Resources) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 77.07 674.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 124.66 674.50 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 139.45 674.50 Td ($30,199,979) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 195.06 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 199.29 674.50 Td (during ) Tj ET Q q 0 0 0 rg BT 231.32 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 249.45 674.50 Td (period ) Tj ET Q q 0 0 0 rg BT 281.48 674.50 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.71 674.50 Td ($21,123) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.86 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 346.09 674.50 Td (as ) Tj ET Q q 0 0 0 rg BT 360.88 674.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.45 674.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 440.48 674.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 462.73 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 466.96 674.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.53 674.50 Td ($30,221,102) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 535.14 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 539.37 674.50 Td (as ) Tj ET Q q 0 0 0 rg BT 554.16 674.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.45 662.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.70 662.50 Td (. ) Tj ET Q q 0 0 0 rg BT 143.62 662.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 170.11 662.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 204.38 662.50 Td (in ) Tj ET Q q 0 0 0 rg BT 215.31 662.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.15 662.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 301.64 662.50 Td (during ) Tj ET Q q 0 0 0 rg BT 332.59 662.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.63 662.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 386.13 662.50 Td (months ) Tj ET Q q 0 0 0 rg BT 422.07 662.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 453.02 662.50 Td (December ) Tj ET Q q 0 0 0 rg BT 502.29 662.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 519.34 662.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 541.58 662.50 Td ( ) Tj ET Q q 0 0 0 rg BT 544.73 662.50 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td ($7,756,329) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.55 650.50 Td ( ) Tj ET Q q 0 0 0 rg BT 101.28 650.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 104.61 650.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 134.69 650.50 Td (months ) Tj ET Q q 0 0 0 rg BT 169.21 650.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 198.75 650.50 Td (November ) Tj ET Q q 0 0 0 rg BT 246.61 650.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.24 650.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.49 650.50 Td ( ) Tj ET Q q 0 0 0 rg BT 286.22 650.50 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.28 650.50 Td ($81,373) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.42 650.50 Td (\). ) Tj ET Q q 0 0 0 rg BT 335.26 650.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 360.34 650.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 393.20 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 402.71 650.50 Td (investing ) Tj ET Q q 0 0 0 rg BT 443.91 650.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 483.99 650.50 Td (during ) Tj ET Q q 0 0 0 rg BT 513.52 650.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.15 650.50 Td (thirteen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (months ) Tj ET Q q 0 0 0 rg BT 85.78 638.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 117.07 638.50 Td (December ) Tj ET Q q 0 0 0 rg BT 166.68 638.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 184.06 638.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.31 638.50 Td ( ) Tj ET Q q 0 0 0 rg BT 209.79 638.50 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.05 638.50 Td ($23,310,483) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.66 638.50 Td ( ) Tj ET Q q 0 0 0 rg BT 290.15 638.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.48 638.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 325.30 638.50 Td (months ) Tj ET Q q 0 0 0 rg BT 361.58 638.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 392.87 638.50 Td (November ) Tj ET Q q 0 0 0 rg BT 442.48 638.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 459.86 638.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.11 638.50 Td ( ) Tj ET Q q 0 0 0 rg BT 485.59 638.50 Td (- ) Tj ET Q q 0 0 0 rg BT 492.40 638.50 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.97 638.50 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.97 638.50 Td (\). ) Tj ET Q q 0 0 0 rg BT 517.33 638.50 Td (The ) Tj ET Q q 0 0 0 rg BT 538.05 638.50 Td (funds ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (used ) Tj ET Q q 0 0 0 rg BT 73.92 626.50 Td (were ) Tj ET Q q 0 0 0 rg BT 98.34 626.50 Td (partial ) Tj ET Q q 0 0 0 rg BT 128.31 626.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 174.41 626.50 Td (for ) Tj ET Q q 0 0 0 rg BT 188.81 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.91 626.50 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 258.79 626.50 Td (During ) Tj ET Q q 0 0 0 rg BT 290.98 626.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 307.62 626.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 343.72 626.50 Td (months ) Tj ET Q q 0 0 0 rg BT 379.25 626.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 409.79 626.50 Td (December ) Tj ET Q q 0 0 0 rg BT 458.66 626.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 475.30 626.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.55 626.50 Td (, ) Tj ET Q q 0 0 0 rg BT 503.06 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 519.71 626.50 Td (Company ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 96.92 614.50 Td (net ) Tj ET Q q 0 0 0 rg BT 113.20 614.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.71 614.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 180.22 614.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 190.95 614.50 Td ($57,839,720) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.56 614.50 Td ( ) Tj ET Q q 0 0 0 rg BT 248.94 614.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.27 614.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 282.99 614.50 Td (months ) Tj ET Q q 0 0 0 rg BT 318.17 614.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.35 614.50 Td (November ) Tj ET Q q 0 0 0 rg BT 396.86 614.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.15 614.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.39 614.50 Td ( ) Tj ET Q q 0 0 0 rg BT 437.77 614.50 Td (- ) Tj ET Q q 0 0 0 rg BT 443.48 614.50 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.04 614.50 Td (nil) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.05 614.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 464.76 614.50 Td (from ) Tj ET Q q 0 0 0 rg BT 487.14 614.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 513.43 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 532.49 614.50 Td (private ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (placement ) Tj ET Q q 0 0 0 rg BT 98.42 602.50 Td (activities. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (During ) Tj ET Q q 0 0 0 rg BT 81.44 578.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.82 578.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 133.66 578.50 Td (months ) Tj ET Q q 0 0 0 rg BT 168.93 578.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.22 578.50 Td (December ) Tj ET Q q 0 0 0 rg BT 247.83 578.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 264.21 578.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 286.46 578.50 Td (, ) Tj ET Q q 0 0 0 rg BT 291.72 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 308.10 578.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.38 578.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 402.00 578.50 Td (a ) Tj ET Q q 0 0 0 rg BT 410.04 578.50 Td (5 ) Tj ET Q q 0 0 0 rg BT 418.09 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 428.91 578.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 436.95 578.50 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 497.81 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 508.63 578.50 Td (all ) Tj ET Q q 0 0 0 rg BT 521.11 578.50 Td (its ) Tj ET Q q 0 0 0 rg BT 533.60 578.50 Td (issued ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.45 566.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 124.42 566.50 Td (common ) Tj ET Q q 0 0 0 rg BT 166.03 566.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 201.44 566.50 Td (As ) Tj ET Q q 0 0 0 rg BT 216.38 566.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.98 566.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 294.06 566.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.30 566.50 Td (, ) Tj ET Q q 0 0 0 rg BT 322.35 566.50 Td (share ) Tj ET Q q 0 0 0 rg BT 350.63 566.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 382.80 566.50 Td (was ) Tj ET Q q 0 0 0 rg BT 403.85 566.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.45 566.50 Td ($81,193,312) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.06 566.50 Td ( ) Tj ET Q q 0 0 0 rg BT 474.33 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 494.28 566.50 Td (is ) Tj ET Q q 0 0 0 rg BT 504.76 566.50 Td (comprised ) Tj ET Q q 0 0 0 rg BT 554.16 566.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (63,815,560) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.55 554.50 Td ( ) Tj ET Q q 0 0 0 rg BT 101.16 554.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 131.69 554.50 Td (and ) Tj ET Q q 0 0 0 rg BT 149.99 554.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 203.31 554.50 Td (common ) Tj ET Q q 0 0 0 rg BT 243.27 554.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 274.90 554.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.23 554.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 342.66 554.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.90 554.50 Td ( ) Tj ET Q q 0 0 0 rg BT 366.52 554.50 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.46 554.50 Td ($20,324,454) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.07 554.50 Td ( ) Tj ET Q q 0 0 0 rg BT 428.69 554.50 Td (comprised ) Tj ET Q q 0 0 0 rg BT 476.43 554.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.39 554.50 Td (4,262,954) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 530.88 554.50 Td ( ) Tj ET Q q 0 0 0 rg BT 532.49 554.50 Td (shares ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (outstanding\). ) Tj ET Q q 0 0 0 rg BT 110.27 542.50 Td (The ) Tj ET Q q 0 0 0 rg BT 130.66 542.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 171.61 542.50 Td (in ) Tj ET Q q 0 0 0 rg BT 182.55 542.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 237.42 542.50 Td (common ) Tj ET Q q 0 0 0 rg BT 278.92 542.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 312.09 542.50 Td (during ) Tj ET Q q 0 0 0 rg BT 343.04 542.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.10 542.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 396.61 542.50 Td (months ) Tj ET Q q 0 0 0 rg BT 432.56 542.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 463.53 542.50 Td (December ) Tj ET Q q 0 0 0 rg BT 512.81 542.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 529.87 542.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.12 542.50 Td ( ) Tj ET Q q 0 0 0 rg BT 555.27 542.50 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.41 530.50 Td (result ) Tj ET Q q 0 0 0 rg BT 91.88 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 102.23 530.50 Td (private ) Tj ET Q q 0 0 0 rg BT 134.26 530.50 Td (placements, ) Tj ET Q q 0 0 0 rg BT 190.19 530.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 222.22 530.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 253.14 530.50 Td (for ) Tj ET Q q 0 0 0 rg BT 266.82 530.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 297.73 530.50 Td (recourse ) Tj ET Q q 0 0 0 rg BT 338.65 530.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 364.57 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.27 530.50 Td (warrant ) Tj ET Q q 0 0 0 rg BT 418.63 530.50 Td (exercises. ) Tj ET Q q 0 0 0 rg BT 465.65 530.50 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 509.90 530.50 Td (which ) Tj ET Q q 0 0 0 rg BT 537.48 530.50 Td (arose ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (from ) Tj ET Q q 0 0 0 rg BT 71.42 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.24 518.50 Td (recognition ) Tj ET Q q 0 0 0 rg BT 138.08 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 148.35 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.17 518.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 179.98 518.50 Td (value ) Tj ET Q q 0 0 0 rg BT 205.81 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 216.07 518.50 Td (share-based ) Tj ET Q q 0 0 0 rg BT 273.58 518.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 337.76 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 356.37 518.50 Td (warrants ) Tj ET Q q 0 0 0 rg BT 396.63 518.50 Td (were ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.23 518.50 Td ($9,154,063) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 470.28 518.50 Td ( ) Tj ET Q q 0 0 0 rg BT 472.20 518.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.53 518.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 540.26 518.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (- ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.96 506.50 Td ($7,091,544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.01 506.50 Td (\). ) Tj ET Q q 0 0 0 rg BT 112.82 506.50 Td (As ) Tj ET Q q 0 0 0 rg BT 126.62 506.50 Td (a ) Tj ET Q q 0 0 0 rg BT 134.31 506.50 Td (result ) Tj ET Q q 0 0 0 rg BT 160.89 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 171.36 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 187.39 506.50 Td (net ) Tj ET Q q 0 0 0 rg BT 203.42 506.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 223.33 506.50 Td (for ) Tj ET Q q 0 0 0 rg BT 237.13 506.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.16 506.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 288.64 506.50 Td (months ) Tj ET Q q 0 0 0 rg BT 323.56 506.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.50 506.50 Td (December ) Tj ET Q q 0 0 0 rg BT 401.76 506.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 417.79 506.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.03 506.50 Td (, ) Tj ET Q q 0 0 0 rg BT 444.94 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 460.97 506.50 Td (deficit ) Tj ET Q q 0 0 0 rg BT 489.22 506.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 499.69 506.50 Td (December31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 71.75 494.50 Td ( ) Tj ET Q q 0 0 0 rg BT 76.87 494.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 125.35 494.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 138.82 494.50 Td ($37,955,735) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.43 494.50 Td ( ) Tj ET Q q 0 0 0 rg BT 199.55 494.50 Td (from ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 224.67 494.50 Td ($29,581,176) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 280.28 494.50 Td ( ) Tj ET Q q 0 0 0 rg BT 285.41 494.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 298.87 494.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 366.80 494.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.05 494.50 Td (. ) Tj ET Q q 0 0 0 rg BT 395.93 494.50 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 446.88 494.50 Td (, ) Tj ET Q q 0 0 0 rg BT 454.78 494.50 Td (shareholders) Tj ET Q q 0 0 0 rg BT 514.44 494.50 Td ( ) Tj ET Q q 0 0 0 rg BT 519.57 494.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 551.38 494.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.09 482.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.33 482.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.11 482.50 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.67 482.50 Td ($57,924,732) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.28 482.50 Td ( ) Tj ET Q q 0 0 0 rg BT 219.06 482.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 266.31 482.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.42 482.50 Td ($37,437) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.57 482.50 Td ( ) Tj ET Q q 0 0 0 rg BT 316.35 482.50 Td (shareholders) Tj ET Q q 0 0 0 rg BT 376.01 482.50 Td ( ) Tj ET Q q 0 0 0 rg BT 378.79 482.50 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 426.04 482.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.16 482.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 502.74 482.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.99 482.50 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (At ) Tj ET Q q 0 0 0 rg BT 63.68 458.50 Td (present, ) Tj ET Q q 0 0 0 rg BT 104.54 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.17 458.50 Td (Company) Tj ET Q q 0 0 0 rg BT 168.01 458.50 Td (s ) Tj ET Q q 0 0 0 rg BT 177.74 458.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.17 458.50 Td (do ) Tj ET Q q 0 0 0 rg BT 245.02 458.50 Td (not ) Tj ET Q q 0 0 0 rg BT 263.65 458.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 307.86 458.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.72 458.50 Td (inflows ) Tj ET Q q 0 0 0 rg BT 369.01 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 390.43 458.50 Td (its ) Tj ET Q q 0 0 0 rg BT 405.16 458.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.58 458.50 Td (success ) Tj ET Q q 0 0 0 rg BT 487.43 458.50 Td (is ) Tj ET Q q 0 0 0 rg BT 499.38 458.50 Td (dependent ) Tj ET Q q 0 0 0 rg BT 551.38 458.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (management) Tj ET Q q 0 0 0 rg BT 109.91 446.50 Td (s ) Tj ET Q q 0 0 0 rg BT 118.63 446.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.91 446.50 Td (to ) Tj ET Q q 0 0 0 rg BT 159.97 446.50 Td (advance ) Tj ET Q q 0 0 0 rg BT 201.49 446.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 230.22 446.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 264.51 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 284.91 446.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 307.52 446.50 Td (Geothermal. ) Tj ET Q q 0 0 0 rg BT 366.02 446.50 Td (This ) Tj ET Q q 0 0 0 rg BT 388.63 446.50 Td (can ) Tj ET Q q 0 0 0 rg BT 408.47 446.50 Td (take ) Tj ET Q q 0 0 0 rg BT 431.09 446.50 Td (many ) Tj ET Q q 0 0 0 rg BT 459.26 446.50 Td (years ) Tj ET Q q 0 0 0 rg BT 487.43 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 507.83 446.50 Td (is ) Tj ET Q q 0 0 0 rg BT 518.77 446.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.17 446.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 82.29 434.50 Td (that ) Tj ET Q q 0 0 0 rg BT 101.75 434.50 Td (are ) Tj ET Q q 0 0 0 rg BT 118.98 434.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 154.56 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 171.24 434.50 Td (Company) Tj ET Q q 0 0 0 rg BT 216.08 434.50 Td (s ) Tj ET Q q 0 0 0 rg BT 223.86 434.50 Td (control ) Tj ET Q q 0 0 0 rg BT 256.65 434.50 Td (\(see ) Tj ET Q q 0 0 0 rg BT 278.88 434.50 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 282.21 434.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 309.44 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 328.90 434.50 Td (Uncertainties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.26 434.50 Td (\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.30 410.50 Td (order ) Tj ET Q q 0 0 0 rg BT 86.10 410.50 Td (to ) Tj ET Q q 0 0 0 rg BT 96.90 410.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 131.60 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.96 410.50 Td (Company) Tj ET Q q 0 0 0 rg BT 192.80 410.50 Td (s ) Tj ET Q q 0 0 0 rg BT 200.26 410.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 252.19 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.55 410.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.81 410.50 Td (has ) Tj ET Q q 0 0 0 rg BT 332.39 410.50 Td (raised ) Tj ET Q q 0 0 0 rg BT 362.08 410.50 Td (money ) Tj ET Q q 0 0 0 rg BT 394.56 410.50 Td (through ) Tj ET Q q 0 0 0 rg BT 430.93 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 447.29 410.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 468.09 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.89 410.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 508.03 410.50 Td (instruments, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (from ) Tj ET Q q 0 0 0 rg BT 73.39 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.18 398.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 132.30 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 144.53 398.50 Td (convertible ) Tj ET Q q 0 0 0 rg BT 196.78 398.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 242.90 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.48 398.50 Td (from ) Tj ET Q q 0 0 0 rg BT 287.36 398.50 Td (optioning ) Tj ET Q q 0 0 0 rg BT 331.84 398.50 Td (its ) Tj ET Q q 0 0 0 rg BT 345.73 398.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 398.54 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 419.11 398.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 468.59 398.50 Td (assets. ) Tj ET Q q 0 0 0 rg BT 504.16 398.50 Td (Many ) Tj ET Q q 0 0 0 rg BT 532.50 398.50 Td (factors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (influence ) Tj ET Q q 0 0 0 rg BT 93.13 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 110.64 386.50 Td (Company) Tj ET Q q 0 0 0 rg BT 155.48 386.50 Td (s ) Tj ET Q q 0 0 0 rg BT 164.08 386.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 193.25 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 205.20 386.50 Td (raise ) Tj ET Q q 0 0 0 rg BT 230.48 386.50 Td (funds, ) Tj ET Q q 0 0 0 rg BT 261.32 386.50 Td (including ) Tj ET Q q 0 0 0 rg BT 304.40 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 321.91 386.50 Td (health ) Tj ET Q q 0 0 0 rg BT 352.76 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 364.70 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.21 386.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 424.72 386.50 Td (market, ) Tj ET Q q 0 0 0 rg BT 461.66 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 479.17 386.50 Td (climate ) Tj ET Q q 0 0 0 rg BT 514.45 386.50 Td (for ) Tj ET Q q 0 0 0 rg BT 529.72 386.50 Td (mineral ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 100.68 374.50 Td (investment, ) Tj ET Q q 0 0 0 rg BT 154.07 374.50 Td (the ) Tj ET Q q 0 0 0 rg BT 170.24 374.50 Td (Company) Tj ET Q q 0 0 0 rg BT 215.07 374.50 Td (s ) Tj ET Q q 0 0 0 rg BT 222.33 374.50 Td (track ) Tj ET Q q 0 0 0 rg BT 246.27 374.50 Td (record ) Tj ET Q q 0 0 0 rg BT 276.87 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 295.81 374.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.98 374.50 Td (experience ) Tj ET Q q 0 0 0 rg BT 363.16 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 382.10 374.50 Td (caliber ) Tj ET Q q 0 0 0 rg BT 413.82 374.50 Td (of ) Tj ET Q q 0 0 0 rg BT 424.42 374.50 Td (its ) Tj ET Q q 0 0 0 rg BT 436.68 374.50 Td (management. ) Tj ET Q q 0 0 0 rg BT 499.64 374.50 Td (Actual ) Tj ET Q q 0 0 0 rg BT 529.69 374.50 Td (funding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 110.94 362.50 Td (may ) Tj ET Q q 0 0 0 rg BT 132.92 362.50 Td (vary ) Tj ET Q q 0 0 0 rg BT 154.90 362.50 Td (from ) Tj ET Q q 0 0 0 rg BT 177.98 362.50 Td (those ) Tj ET Q q 0 0 0 rg BT 205.53 362.50 Td (planned ) Tj ET Q q 0 0 0 rg BT 244.21 362.50 Td (due ) Tj ET Q q 0 0 0 rg BT 263.98 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 275.40 362.50 Td (a ) Tj ET Q q 0 0 0 rg BT 284.05 362.50 Td (number ) Tj ET Q q 0 0 0 rg BT 321.04 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 332.46 362.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 368.34 362.50 Td (including ) Tj ET Q q 0 0 0 rg BT 410.89 362.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.88 362.50 Td (progress ) Tj ET Q q 0 0 0 rg BT 469.87 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 489.64 362.50 Td (results ) Tj ET Q q 0 0 0 rg BT 522.18 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 533.60 362.50 Td (drilling ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 91.03 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 110.90 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 122.42 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 139.51 350.50 Td (Feasibility ) Tj ET Q q 0 0 0 rg BT 187.15 350.50 Td (Study) Tj ET Q q 0 0 0 rg BT 211.98 350.50 Td (. ) Tj ET Q q 0 0 0 rg BT 217.74 350.50 Td (The ) Tj ET Q q 0 0 0 rg BT 238.16 350.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.14 350.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 324.01 350.50 Td (it ) Tj ET Q q 0 0 0 rg BT 332.20 350.50 Td (will ) Tj ET Q q 0 0 0 rg BT 349.27 350.50 Td (be ) Tj ET Q q 0 0 0 rg BT 363.58 350.50 Td (able ) Tj ET Q q 0 0 0 rg BT 385.67 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 397.19 350.50 Td (raise ) Tj ET Q q 0 0 0 rg BT 422.05 350.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 451.92 350.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 484.02 350.50 Td (as ) Tj ET Q q 0 0 0 rg BT 497.76 350.50 Td (required ) Tj ET Q q 0 0 0 rg BT 537.64 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 548.60 350.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (long ) Tj ET Q q 0 0 0 rg BT 71.18 338.50 Td (term, ) Tj ET Q q 0 0 0 rg BT 96.74 338.50 Td (but ) Tj ET Q q 0 0 0 rg BT 113.42 338.50 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 164.56 338.50 Td (there ) Tj ET Q q 0 0 0 rg BT 190.13 338.50 Td (will ) Tj ET Q q 0 0 0 rg BT 206.79 338.50 Td (be ) Tj ET Q q 0 0 0 rg BT 220.70 338.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 244.03 338.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 283.49 338.50 Td (that ) Tj ET Q q 0 0 0 rg BT 302.95 338.50 Td (may ) Tj ET Q q 0 0 0 rg BT 324.62 338.50 Td (be ) Tj ET Q q 0 0 0 rg BT 338.52 338.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 374.11 338.50 Td (their ) Tj ET Q q 0 0 0 rg BT 396.34 338.50 Td (control.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I11 Do Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.51 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.09 699.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 129.47 699.25 Td (short ) Tj ET Q q 0 0 0 rg BT 154.38 699.25 Td (form ) Tj ET Q q 0 0 0 rg BT 177.05 699.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 228.64 699.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 256.34 699.25 Td (June ) Tj ET Q q 0 0 0 rg BT 280.70 699.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 297.27 699.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 324.97 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.54 699.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.02 699.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 428.05 699.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.28 699.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 464.52 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.54 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.11 699.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 535.37 699.25 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 699.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 94.13 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.41 687.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 157.27 687.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.55 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.95 687.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 248.36 687.25 Td (of) Tj ET Q q 0 0 0 rg BT 256.52 687.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 292.58 687.25 Td (The ) Tj ET Q q 0 0 0 rg BT 313.30 687.25 Td (following ) Tj ET Q q 0 0 0 rg BT 355.71 687.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 397.00 687.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.06 687.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 461.24 687.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.08 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.47 687.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 534.55 687.25 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 687.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 93.42 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.53 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.21 675.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 150.68 675.25 Td (use ) Tj ET Q q 0 0 0 rg BT 169.58 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.70 675.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 224.61 675.25 Td (as ) Tj ET Q q 0 0 0 rg BT 237.95 675.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.07 675.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.66 675.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 336.90 675.25 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 639.75 m 267 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 639.75 m 378 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 639.75 m 477 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 639.75 m 562 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 389.75 m 267 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 389.75 m 378 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 389.75 m 477 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 389.75 m 562 389.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 374.75 m 267 374.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 374.75 m 378 374.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 374.75 m 477 374.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477 374.75 m 562 374.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 644.37 Td (Use of Proceeds to December 31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.00 654.37 Td (Proposed Use of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 644.37 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 320.43 644.37 Td (Amounts ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 366.54 649.14 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.55 654.37 Td (Actual Use of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.70 644.37 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 430.13 644.37 Td (Amounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.80 644.37 Td (Difference) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 548.71 649.14 Td ( \(2\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 629.97 Td (Payment of $17.9 million cash portion to) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 619.97 Td (Goldcorp on closing of the ) Tj ET Q q 0 0 0 rg BT 170.18 619.97 Td (Acquisition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.50 619.37 Td ($17,900,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.50 619.37 Td ($17,900,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.55 619.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 604.97 Td (Payment of $2.0 million non-refundable deposit) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 594.97 Td (to Goldcorp for Marlin Equipment ROFR over) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 584.97 Td (certain mining equipment on closing of the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 574.97 Td (Acquisition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 574.37 Td (2,000,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.65 574.37 Td (2,000,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 574.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 559.97 Td (Advisory fee to the lead agent in connection) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 549.97 Td (with the ) Tj ET Q q 0 0 0 rg BT 88.47 549.97 Td (Acquisition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.00 549.37 Td (633,978) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.00 549.37 Td (633,978) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 548.15 549.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 534.97 Td (Field and test work in preparation for a) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 524.97 Td (feasibility study on Cerro Blanco) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 524.37 Td (7,475,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.00 524.37 Td (593,1) Tj ET Q q 0 0 0 rg BT 462.02 524.37 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.65 524.37 Td (6,881,881) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 509.97 Td (Site costs, including dewatering of Cerro) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 499.97 Td (Blanco and water treatment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 499.37 Td (4,974,386) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.65 499.37 Td (3,402,852) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.65 499.37 Td (1,571,534) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 484.97 Td (Underground development of Cerro Blanco) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 484.37 Td (1,484,891) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.15 484.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.65 484.37 Td (1,484,891) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 469.97 Td (Further exploration of the hydrothermal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 459.97 Td (alteration zone surrounding the current Cerro) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 449.97 Td (Blanco mineral resource) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 449.37 Td (1,484,891) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.15 449.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.65 449.37 Td (1,484,891) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 434.97 Td (Economic evaluation of the Mita Geothermal) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.00 434.37 Td (185,61) Tj ET Q q 0 0 0 rg BT 368.59 434.37 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.00 434.37 Td (127,973) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.55 434.37 Td (57,638) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 419.97 Td (Reserve for further development of Cerro) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 409.97 Td (Blanco) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.10 409.42 Td (17,076,249) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.65 409.37 Td (2,771,076) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 508.10 409.37 Td (14,305,173) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 394.97 Td (General and administrative expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.65 394.37 Td (2,227,337) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.65 394.37 Td (2,095,815) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 522.00 394.37 Td (131,522) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 318.50 379.37 Td ($55,442,343) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.50 379.37 Td ($29,524,813) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 502.50 379.37 Td ($25,917,530) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 356.02 Td (\(1\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 351.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 129.05 351.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 162.05 351.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.59 351.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 228.60 351.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.03 351.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 264.57 351.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 298.12 351.25 Td (from ) Tj ET Q q 0 0 0 rg BT 322.21 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.20 351.25 Td (C$ ) Tj ET Q q 0 0 0 rg BT 357.07 351.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 399.52 351.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 432.51 351.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.39 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.38 351.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 516.18 351.25 Td (short ) Tj ET Q q 0 0 0 rg BT 542.50 351.25 Td (form ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 339.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 137.19 339.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 165.00 339.25 Td (June ) Tj ET Q q 0 0 0 rg BT 189.46 339.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 206.14 339.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 231.16 339.25 Td (using ) Tj ET Q q 0 0 0 rg BT 257.85 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.53 339.25 Td (May ) Tj ET Q q 0 0 0 rg BT 296.20 339.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 312.88 339.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 337.90 339.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 384.05 339.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 404.06 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.18 339.25 Td (US$1.00 ) Tj ET Q q 0 0 0 rg BT 456.87 339.25 Td (= ) Tj ET Q q 0 0 0 rg BT 465.49 339.25 Td (C$1.3469. ) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 320.02 Td (\(2\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 315.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 109.92 315.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.36 315.25 Td (test ) Tj ET Q q 0 0 0 rg BT 148.22 315.25 Td (work ) Tj ET Q q 0 0 0 rg BT 172.08 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.62 315.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 235.96 315.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.37 315.25 Td (a ) Tj ET Q q 0 0 0 rg BT 258.68 315.25 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 302.56 315.25 Td (study ) Tj ET Q q 0 0 0 rg BT 329.21 315.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.08 315.25 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 370.84 315.25 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 406.94 315.25 Td (underground ) Tj ET Q q 0 0 0 rg BT 466.40 315.25 Td (development ) Tj ET Q q 0 0 0 rg BT 526.41 315.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.50 315.25 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 303.25 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 118.94 303.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.50 303.25 Td (further ) Tj ET Q q 0 0 0 rg BT 170.27 303.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 222.05 303.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.26 303.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.03 303.25 Td (hydrothermal ) Tj ET Q q 0 0 0 rg BT 311.26 303.25 Td (alteration ) Tj ET Q q 0 0 0 rg BT 355.26 303.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 379.81 303.25 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 435.50 303.25 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 463.37 303.25 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 496.81 303.25 Td (are ) Tj ET Q q 0 0 0 rg BT 514.13 303.25 Td (anticipated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 291.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.45 291.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 123.50 291.25 Td (mostly ) Tj ET Q q 0 0 0 rg BT 155.00 291.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.39 291.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 193.02 291.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 212.86 291.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.81 291.25 Td (at ) Tj ET Q q 0 0 0 rg BT 249.75 291.25 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 277.36 291.25 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 310.54 291.25 Td (are ) Tj ET Q q 0 0 0 rg BT 327.60 291.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 378.58 291.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.52 291.25 Td (be ) Tj ET Q q 0 0 0 rg BT 403.25 291.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 433.66 291.25 Td (than ) Tj ET Q q 0 0 0 rg BT 455.73 291.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 488.34 291.25 Td (proposed, ) Tj ET Q q 0 0 0 rg BT 535.42 291.25 Td (as ) Tj ET Q q 0 0 0 rg BT 548.59 291.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 279.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.61 279.25 Td (has ) Tj ET Q q 0 0 0 rg BT 151.05 279.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 192.73 279.25 Td (more ) Tj ET Q q 0 0 0 rg BT 218.83 279.25 Td (accurate ) Tj ET Q q 0 0 0 rg BT 260.49 279.25 Td (information ) Tj ET Q q 0 0 0 rg BT 313.27 279.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.93 279.25 Td (these ) Tj ET Q q 0 0 0 rg BT 352.70 279.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 382.13 279.25 Td (Dif) Tj ET Q q 0 0 0 rg BT 394.17 279.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 435.84 279.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 464.18 279.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.28 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.49 279.25 Td (table ) Tj ET Q q 0 0 0 rg BT 517.49 279.25 Td (above ) Tj ET Q q 0 0 0 rg BT 548.05 279.25 Td (are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 267.25 Td (not ) Tj ET Q q 0 0 0 rg BT 103.66 267.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 148.51 267.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.11 267.25 Td (have ) Tj ET Q q 0 0 0 rg BT 187.06 267.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.88 267.25 Td (material ) Tj ET Q q 0 0 0 rg BT 236.71 267.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.42 267.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.81 267.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.97 267.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 357.94 267.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 387.76 267.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.37 267.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 439.09 267.25 Td (its ) Tj ET Q q 0 0 0 rg BT 453.36 267.25 Td (business ) Tj ET Q q 0 0 0 rg BT 497.08 267.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 545.81 267.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 255.25 Td (milestones ) Tj ET Q q 0 0 0 rg BT 136.08 255.25 Td (as ) Tj ET Q q 0 0 0 rg BT 149.42 255.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 193.88 255.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.45 255.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.13 255.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 273.61 255.25 Td (short ) Tj ET Q q 0 0 0 rg BT 298.62 255.25 Td (form ) Tj ET Q q 0 0 0 rg BT 321.40 255.25 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 373.09 255.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 400.90 255.25 Td (June ) Tj ET Q q 0 0 0 rg BT 425.36 255.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 442.04 255.25 Td (2017.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 231.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.42 231.25 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 74.01 231.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.07 231.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.32 231.25 Td (, ) Tj ET Q q 0 0 0 rg BT 166.35 231.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.50 231.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.55 231.25 Td (has ) Tj ET Q q 0 0 0 rg BT 245.93 231.25 Td (working ) Tj ET Q q 0 0 0 rg BT 282.64 231.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.80 231.25 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.39 231.25 Td ($28,918,476) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.00 231.25 Td (. ) Tj ET Q q 0 0 0 rg BT 385.03 231.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 403.95 231.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.33 231.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 464.61 231.25 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.20 231.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.26 231.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 219.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.50 219.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 102.86 219.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.98 219.25 Td (be ) Tj ET Q q 0 0 0 rg BT 127.88 219.25 Td (suf) Tj ET Q q 0 0 0 rg BT 141.04 219.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 169.94 219.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.06 219.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 203.30 219.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 241.67 219.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 282.80 219.25 Td (over ) Tj ET Q q 0 0 0 rg BT 305.03 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.71 219.25 Td (next ) Tj ET Q q 0 0 0 rg BT 343.39 219.25 Td (twelve ) Tj ET Q q 0 0 0 rg BT 374.51 219.25 Td (months ) Tj ET Q q 0 0 0 rg BT 410.08 219.25 Td (from ) Tj ET Q q 0 0 0 rg BT 432.86 219.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.54 219.25 Td (date ) Tj ET Q q 0 0 0 rg BT 471.78 219.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.90 219.25 Td (this ) Tj ET Q q 0 0 0 rg BT 501.24 219.25 Td (MD&A.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I12 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (13) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 105.07 674.50 Td (in ) Tj ET Q q 0 0 0 rg BT 116.73 674.50 Td (Guatemala ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 77.14 650.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 110.36 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 129.68 650.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 151.21 650.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 206.09 650.50 Td (are ) Tj ET Q q 0 0 0 rg BT 223.18 650.50 Td (located ) Tj ET Q q 0 0 0 rg BT 258.06 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 268.48 650.50 Td (Guatemala. ) Tj ET Q q 0 0 0 rg BT 322.81 650.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 374.37 650.50 Td (has ) Tj ET Q q 0 0 0 rg BT 393.13 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 401.33 650.50 Td (history ) Tj ET Q q 0 0 0 rg BT 433.42 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 444.39 650.50 Td (political ) Tj ET Q q 0 0 0 rg BT 480.38 650.50 Td (unrest. ) Tj ET Q q 0 0 0 rg BT 513.59 650.50 Td (Guatemala ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (suf) Tj ET Q q 0 0 0 rg BT 62.66 638.50 Td (fered ) Tj ET Q q 0 0 0 rg BT 89.41 638.50 Td (an ) Tj ET Q q 0 0 0 rg BT 104.50 638.50 Td (armed ) Tj ET Q q 0 0 0 rg BT 136.81 638.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 171.89 638.50 Td (for ) Tj ET Q q 0 0 0 rg BT 187.52 638.50 Td (36 ) Tj ET Q q 0 0 0 rg BT 202.61 638.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 233.80 638.50 Td (which ) Tj ET Q q 0 0 0 rg BT 263.33 638.50 Td (was ) Tj ET Q q 0 0 0 rg BT 285.08 638.50 Td (finally ) Tj ET Q q 0 0 0 rg BT 314.61 638.50 Td (resolved ) Tj ET Q q 0 0 0 rg BT 356.37 638.50 Td (through ) Tj ET Q q 0 0 0 rg BT 394.25 638.50 Td (a ) Tj ET Q q 0 0 0 rg BT 403.77 638.50 Td (peace ) Tj ET Q q 0 0 0 rg BT 434.98 638.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 486.75 638.50 Td (reached ) Tj ET Q q 0 0 0 rg BT 526.85 638.50 Td (with ) Tj ET Q q 0 0 0 rg BT 548.59 638.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (country) Tj ET Q q 0 0 0 rg BT 84.33 626.50 Td (s ) Tj ET Q q 0 0 0 rg BT 93.53 626.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 130.52 626.50 Td (revolutionary ) Tj ET Q q 0 0 0 rg BT 191.96 626.50 Td (movement ) Tj ET Q q 0 0 0 rg BT 242.84 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 254.82 626.50 Td (1996. ) Tj ET Q q 0 0 0 rg BT 283.77 626.50 Td (The ) Tj ET Q q 0 0 0 rg BT 305.19 626.50 Td (last ) Tj ET Q q 0 0 0 rg BT 324.95 626.50 Td (political ) Tj ET Q q 0 0 0 rg BT 362.49 626.50 Td (crisis ) Tj ET Q q 0 0 0 rg BT 389.46 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 401.43 626.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 454.54 626.50 Td (occurred ) Tj ET Q q 0 0 0 rg BT 497.64 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 509.62 626.50 Td (1983 ) Tj ET Q q 0 0 0 rg BT 536.06 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 556.94 626.50 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (constitutional ) Tj ET Q q 0 0 0 rg BT 112.57 614.50 Td (government ) Tj ET Q q 0 0 0 rg BT 170.08 614.50 Td (was ) Tj ET Q q 0 0 0 rg BT 192.57 614.50 Td (not ) Tj ET Q q 0 0 0 rg BT 211.17 614.50 Td (restored ) Tj ET Q q 0 0 0 rg BT 252.56 614.50 Td (until ) Tj ET Q q 0 0 0 rg BT 275.61 614.50 Td (1985. ) Tj ET Q q 0 0 0 rg BT 305.33 614.50 Td (However) Tj ET Q q 0 0 0 rg BT 344.24 614.50 Td (, ) Tj ET Q q 0 0 0 rg BT 351.72 614.50 Td (renewed ) Tj ET Q q 0 0 0 rg BT 394.78 614.50 Td (political ) Tj ET Q q 0 0 0 rg BT 432.83 614.50 Td (unrest ) Tj ET Q q 0 0 0 rg BT 465.33 614.50 Td (or ) Tj ET Q q 0 0 0 rg BT 478.92 614.50 Td (a ) Tj ET Q q 0 0 0 rg BT 489.19 614.50 Td (political ) Tj ET Q q 0 0 0 rg BT 527.24 614.50 Td (crisis ) Tj ET Q q 0 0 0 rg BT 554.72 614.50 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 102.56 602.50 Td (could ) Tj ET Q q 0 0 0 rg BT 130.61 602.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 177.55 602.50 Td (af) Tj ET Q q 0 0 0 rg BT 185.71 602.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 205.97 602.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 252.49 602.50 Td (s ) Tj ET Q q 0 0 0 rg BT 261.63 602.50 Td (business ) Tj ET Q q 0 0 0 rg BT 305.24 602.50 Td (and ) Tj ET Q q 0 0 0 rg BT 326.07 602.50 Td (results ) Tj ET Q q 0 0 0 rg BT 359.67 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 372.15 602.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 425.77 602.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 478.83 602.50 Td (suf) Tj ET Q q 0 0 0 rg BT 491.99 602.50 Td (fers ) Tj ET Q q 0 0 0 rg BT 512.80 602.50 Td (from ) Tj ET Q q 0 0 0 rg BT 536.94 602.50 Td (social ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (problems ) Tj ET Q q 0 0 0 rg BT 94.12 590.50 Td (such ) Tj ET Q q 0 0 0 rg BT 118.74 590.50 Td (as ) Tj ET Q q 0 0 0 rg BT 132.79 590.50 Td (a ) Tj ET Q q 0 0 0 rg BT 141.85 590.50 Td (high ) Tj ET Q q 0 0 0 rg BT 164.25 590.50 Td (crime ) Tj ET Q q 0 0 0 rg BT 192.18 590.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 212.91 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 233.08 590.50 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 277.72 590.50 Td (land ) Tj ET Q q 0 0 0 rg BT 300.12 590.50 Td (tenure ) Tj ET Q q 0 0 0 rg BT 331.96 590.50 Td (for ) Tj ET Q q 0 0 0 rg BT 347.13 590.50 Td (many ) Tj ET Q q 0 0 0 rg BT 375.07 590.50 Td (indigenous ) Tj ET Q q 0 0 0 rg BT 426.94 590.50 Td (people, ) Tj ET Q q 0 0 0 rg BT 463.24 590.50 Td (which ) Tj ET Q q 0 0 0 rg BT 492.30 590.50 Td (could ) Tj ET Q q 0 0 0 rg BT 519.70 590.50 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (af) Tj ET Q q 0 0 0 rg BT 57.66 578.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.44 578.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 102.11 578.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 134.35 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 152.70 578.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 173.26 578.50 Td (Geothermal. ) Tj ET Q q 0 0 0 rg BT 229.95 578.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 254.40 578.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 291.64 578.50 Td (ef) Tj ET Q q 0 0 0 rg BT 299.80 578.50 Td (fects ) Tj ET Q q 0 0 0 rg BT 322.59 578.50 Td (could ) Tj ET Q q 0 0 0 rg BT 348.16 578.50 Td (result ) Tj ET Q q 0 0 0 rg BT 374.27 578.50 Td (from ) Tj ET Q q 0 0 0 rg BT 395.94 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 411.51 578.50 Td (ef) Tj ET Q q 0 0 0 rg BT 419.66 578.50 Td (forts ) Tj ET Q q 0 0 0 rg BT 440.78 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 450.78 578.50 Td (third ) Tj ET Q q 0 0 0 rg BT 471.90 578.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 503.58 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 513.58 578.50 Td (manipulate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (local ) Tj ET Q q 0 0 0 rg BT 72.04 566.50 Td (populations ) Tj ET Q q 0 0 0 rg BT 125.16 566.50 Td (into ) Tj ET Q q 0 0 0 rg BT 143.26 566.50 Td (encroaching ) Tj ET Q q 0 0 0 rg BT 199.71 566.50 Td (on ) Tj ET Q q 0 0 0 rg BT 212.81 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 228.68 566.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 252.33 566.50 Td (lands, ) Tj ET Q q 0 0 0 rg BT 280.99 566.50 Td (challenging ) Tj ET Q q 0 0 0 rg BT 333.56 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 349.43 566.50 Td (boundaries ) Tj ET Q q 0 0 0 rg BT 400.89 566.50 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 566.50 Td (such ) Tj ET Q q 0 0 0 rg BT 434.29 566.50 Td (land, ) Tj ET Q q 0 0 0 rg BT 457.95 566.50 Td (impeding ) Tj ET Q q 0 0 0 rg BT 500.51 566.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 524.15 566.50 Td (activities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (through ) Tj ET Q q 0 0 0 rg BT 85.75 554.50 Td (roadblocks ) Tj ET Q q 0 0 0 rg BT 136.44 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 147.67 554.50 Td (other ) Tj ET Q q 0 0 0 rg BT 172.80 554.50 Td (public ) Tj ET Q q 0 0 0 rg BT 201.26 554.50 Td (protests ) Tj ET Q q 0 0 0 rg BT 239.17 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 250.39 554.50 Td (attacks ) Tj ET Q q 0 0 0 rg BT 284.41 554.50 Td (against ) Tj ET Q q 0 0 0 rg BT 318.99 554.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 343.00 554.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.23 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 385.46 554.50 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 434.49 554.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 481.01 554.50 Td (s ) Tj ET Q q 0 0 0 rg BT 488.34 554.50 Td (business ) Tj ET Q q 0 0 0 rg BT 530.15 554.50 Td (may ) Tj ET Q q 0 0 0 rg BT 551.37 554.50 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (exposed ) Tj ET Q q 0 0 0 rg BT 89.94 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 100.90 542.50 Td (a ) Tj ET Q q 0 0 0 rg BT 109.09 542.50 Td (number ) Tj ET Q q 0 0 0 rg BT 145.63 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 156.59 542.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 179.77 542.50 Td (and ) Tj ET Q q 0 0 0 rg BT 199.09 542.50 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 261.19 542.50 Td (including ) Tj ET Q q 0 0 0 rg BT 303.29 542.50 Td (terrorism ) Tj ET Q q 0 0 0 rg BT 345.36 542.50 Td (and ) Tj ET Q q 0 0 0 rg BT 364.68 542.50 Td (hostage ) Tj ET Q q 0 0 0 rg BT 402.89 542.50 Td (taking, ) Tj ET Q q 0 0 0 rg BT 434.98 542.50 Td (military ) Tj ET Q q 0 0 0 rg BT 469.27 542.50 Td (repression, ) Tj ET Q q 0 0 0 rg BT 521.37 542.50 Td (extortion, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 109.19 530.50 Td (or ) Tj ET Q q 0 0 0 rg BT 119.95 530.50 Td (nationalization ) Tj ET Q q 0 0 0 rg BT 185.76 530.50 Td (without ) Tj ET Q q 0 0 0 rg BT 219.32 530.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 262.90 530.50 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 329.81 530.50 Td (labour ) Tj ET Q q 0 0 0 rg BT 359.48 530.50 Td (unrest, ) Tj ET Q q 0 0 0 rg BT 391.93 530.50 Td (high ) Tj ET Q q 0 0 0 rg BT 412.71 530.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 436.81 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 447.03 530.50 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 486.15 530.50 Td (arbitrary ) Tj ET Q q 0 0 0 rg BT 524.70 530.50 Td (changes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 518.50 Td (royalty ) Tj ET Q q 0 0 0 rg BT 95.07 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.64 518.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.87 518.50 Td (regimes, ) Tj ET Q q 0 0 0 rg BT 175.10 518.50 Td (extreme ) Tj ET Q q 0 0 0 rg BT 215.11 518.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 269.59 518.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.26 518.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 323.49 518.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 370.75 518.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 399.65 518.50 Td (volatile ) Tj ET Q q 0 0 0 rg BT 434.66 518.50 Td (local, ) Tj ET Q q 0 0 0 rg BT 461.90 518.50 Td (political ) Tj ET Q q 0 0 0 rg BT 499.13 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 519.71 518.50 Td (economic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (developments, ) Tj ET Q q 0 0 0 rg BT 118.27 506.50 Td (dif) Tj ET Q q 0 0 0 rg BT 128.65 506.50 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 157.94 506.50 Td (with ) Tj ET Q q 0 0 0 rg BT 179.45 506.50 Td (understanding ) Tj ET Q q 0 0 0 rg BT 246.57 506.50 Td (and ) Tj ET Q q 0 0 0 rg BT 266.98 506.50 Td (complying ) Tj ET Q q 0 0 0 rg BT 315.73 506.50 Td (with ) Tj ET Q q 0 0 0 rg BT 337.24 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 506.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 403.07 506.50 Td (and ) Tj ET Q q 0 0 0 rg BT 423.48 506.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 448.34 506.50 Td (framework ) Tj ET Q q 0 0 0 rg BT 498.75 506.50 Td (respecting ) Tj ET Q q 0 0 0 rg BT 548.61 506.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 97.39 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.39 494.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 175.96 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 186.61 494.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 221.70 494.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 271.26 494.50 Td (surface ) Tj ET Q q 0 0 0 rg BT 306.36 494.50 Td (rights, ) Tj ET Q q 0 0 0 rg BT 335.91 494.50 Td (mines ) Tj ET Q q 0 0 0 rg BT 364.89 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.88 494.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 415.65 494.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 464.66 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 483.66 494.50 Td (dif) Tj ET Q q 0 0 0 rg BT 494.04 494.50 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 521.91 494.50 Td (obtaining ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (key ) Tj ET Q q 0 0 0 rg BT 67.84 482.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 117.32 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 136.78 482.50 Td (components ) Tj ET Q q 0 0 0 rg BT 194.04 482.50 Td (for ) Tj ET Q q 0 0 0 rg BT 208.48 482.50 Td (equipment.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (Licenses ) Tj ET Q q 0 0 0 rg BT 95.08 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.64 458.50 Td (T) Tj ET Q q 0 0 0 rg BT 121.57 458.50 Td (itle ) Tj ET Q q 0 0 0 rg BT 138.79 458.50 Td (to ) Tj ET Q q 0 0 0 rg BT 150.64 458.50 Td (Assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.25 434.50 Td (validity ) Tj ET Q q 0 0 0 rg BT 104.33 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 116.19 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 434.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 173.25 434.50 Td (related ) Tj ET Q q 0 0 0 rg BT 207.34 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 219.20 434.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 247.72 434.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 281.81 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 302.01 434.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 324.42 434.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 380.18 434.50 Td (can ) Tj ET Q q 0 0 0 rg BT 399.82 434.50 Td (be ) Tj ET Q q 0 0 0 rg BT 414.46 434.50 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 459.11 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 479.31 434.50 Td (may ) Tj ET Q q 0 0 0 rg BT 501.72 434.50 Td (be ) Tj ET Q q 0 0 0 rg BT 516.36 434.50 Td (contested. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (There ) Tj ET Q q 0 0 0 rg BT 79.72 422.50 Td (is ) Tj ET Q q 0 0 0 rg BT 91.04 422.50 Td (no ) Tj ET Q q 0 0 0 rg BT 106.25 422.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 156.49 422.50 Td (that ) Tj ET Q q 0 0 0 rg BT 177.26 422.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 226.39 422.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 291.08 422.50 Td (bodies ) Tj ET Q q 0 0 0 rg BT 324.64 422.50 Td (will ) Tj ET Q q 0 0 0 rg BT 342.63 422.50 Td (not ) Tj ET Q q 0 0 0 rg BT 360.62 422.50 Td (revoke ) Tj ET Q q 0 0 0 rg BT 394.73 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 407.72 422.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 463.51 422.50 Td (alter ) Tj ET Q q 0 0 0 rg BT 487.05 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 505.05 422.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 554.18 422.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 97.35 410.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 136.29 410.50 Td (that ) Tj ET Q q 0 0 0 rg BT 155.78 410.50 Td (are ) Tj ET Q q 0 0 0 rg BT 173.04 410.50 Td (required ) Tj ET Q q 0 0 0 rg BT 212.54 410.50 Td (by ) Tj ET Q q 0 0 0 rg BT 225.92 410.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 253.73 410.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 287.12 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 306.62 410.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 328.32 410.50 Td (Geothermal. ) Tj ET Q q 0 0 0 rg BT 386.16 410.50 Td (Changes ) Tj ET Q q 0 0 0 rg BT 429.00 410.50 Td (to ) Tj ET Q q 0 0 0 rg BT 440.15 410.50 Td (Guatemalan ) Tj ET Q q 0 0 0 rg BT 497.44 410.50 Td (laws, ) Tj ET Q q 0 0 0 rg BT 523.04 410.50 Td (including ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (new ) Tj ET Q q 0 0 0 rg BT 70.04 398.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 101.69 398.50 Td (legislation ) Tj ET Q q 0 0 0 rg BT 148.36 398.50 Td (or ) Tj ET Q q 0 0 0 rg BT 159.45 398.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 197.22 398.50 Td (court ) Tj ET Q q 0 0 0 rg BT 221.64 398.50 Td (rulings, ) Tj ET Q q 0 0 0 rg BT 256.07 398.50 Td (could ) Tj ET Q q 0 0 0 rg BT 282.18 398.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 327.16 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 346.04 398.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 391.03 398.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 422.68 398.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 469.20 398.50 Td (s ) Tj ET Q q 0 0 0 rg BT 476.39 398.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 503.04 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 513.57 398.50 Td (exploration ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.20 386.50 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 122.81 386.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 161.95 386.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 210.54 386.50 Td (for ) Tj ET Q q 0 0 0 rg BT 225.23 386.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 253.25 386.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 286.84 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 306.54 386.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 328.45 386.50 Td (Geothermal. ) Tj ET Q q 0 0 0 rg BT 386.29 386.50 Td (There ) Tj ET Q q 0 0 0 rg BT 415.43 386.50 Td (is ) Tj ET Q q 0 0 0 rg BT 425.67 386.50 Td (no ) Tj ET Q q 0 0 0 rg BT 439.81 386.50 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 487.86 386.50 Td (that ) Tj ET Q q 0 0 0 rg BT 507.56 386.50 Td (title ) Tj ET Q q 0 0 0 rg BT 526.13 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 537.49 386.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 83.80 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.21 374.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 126.82 374.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 182.79 374.50 Td (or ) Tj ET Q q 0 0 0 rg BT 195.41 374.50 Td (surface ) Tj ET Q q 0 0 0 rg BT 231.92 374.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 260.10 374.50 Td (will ) Tj ET Q q 0 0 0 rg BT 277.71 374.50 Td (not ) Tj ET Q q 0 0 0 rg BT 295.34 374.50 Td (be ) Tj ET Q q 0 0 0 rg BT 310.18 374.50 Td (challenged ) Tj ET Q q 0 0 0 rg BT 362.28 374.50 Td (or ) Tj ET Q q 0 0 0 rg BT 374.90 374.50 Td (impugned. ) Tj ET Q q 0 0 0 rg BT 425.32 374.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 471.84 374.50 Td (s ) Tj ET Q q 0 0 0 rg BT 480.56 374.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 528.75 374.50 Td (may ) Tj ET Q q 0 0 0 rg BT 551.37 374.50 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 83.96 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 95.08 362.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 117.86 362.50 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 176.23 362.50 Td (liens, ) Tj ET Q q 0 0 0 rg BT 202.36 362.50 Td (agreements ) Tj ET Q q 0 0 0 rg BT 257.94 362.50 Td (or ) Tj ET Q q 0 0 0 rg BT 269.61 362.50 Td (transfers, ) Tj ET Q q 0 0 0 rg BT 314.07 362.50 Td (indigenous ) Tj ET Q q 0 0 0 rg BT 365.22 362.50 Td (land ) Tj ET Q q 0 0 0 rg BT 386.91 362.50 Td (claims ) Tj ET Q q 0 0 0 rg BT 418.02 362.50 Td (or ) Tj ET Q q 0 0 0 rg BT 429.69 362.50 Td (undetected ) Tj ET Q q 0 0 0 rg BT 481.96 362.50 Td (title ) Tj ET Q q 0 0 0 rg BT 500.30 362.50 Td (defects. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.59 338.50 Td (order ) Tj ET Q q 0 0 0 rg BT 86.68 338.50 Td (to ) Tj ET Q q 0 0 0 rg BT 97.76 338.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 138.30 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.95 338.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 193.83 338.50 Td (for ) Tj ET Q q 0 0 0 rg BT 208.24 338.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 235.99 338.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 269.31 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 288.74 338.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 310.38 338.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 365.37 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 375.90 338.50 Td (good ) Tj ET Q q 0 0 0 rg BT 400.89 338.50 Td (standing, ) Tj ET Q q 0 0 0 rg BT 444.22 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 460.87 338.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 506.41 338.50 Td (must ) Tj ET Q q 0 0 0 rg BT 530.83 338.50 Td (comply ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (with ) Tj ET Q q 0 0 0 rg BT 70.42 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.46 326.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 115.59 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 127.07 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.11 326.50 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 186.15 326.50 Td (which ) Tj ET Q q 0 0 0 rg BT 214.85 326.50 Td (include ) Tj ET Q q 0 0 0 rg BT 249.68 326.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 295.06 326.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.22 326.50 Td (development ) Tj ET Q q 0 0 0 rg BT 388.61 326.50 Td (milestones ) Tj ET Q q 0 0 0 rg BT 439.55 326.50 Td (for ) Tj ET Q q 0 0 0 rg BT 454.35 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 471.39 326.50 Td (projects. ) Tj ET Q q 0 0 0 rg BT 512.32 326.50 Td (In ) Tj ET Q q 0 0 0 rg BT 523.80 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 540.83 326.50 Td (past, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (during ) Tj ET Q q 0 0 0 rg BT 78.91 314.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 126.10 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 136.05 314.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 162.66 314.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 194.84 314.50 Td (by ) Tj ET Q q 0 0 0 rg BT 207.01 314.50 Td (Goldcorp, ) Tj ET Q q 0 0 0 rg BT 251.98 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.49 314.50 Td (General ) Tj ET Q q 0 0 0 rg BT 304.67 314.50 Td (Directorate ) Tj ET Q q 0 0 0 rg BT 355.19 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 365.14 314.50 Td (Mining ) Tj ET Q q 0 0 0 rg BT 396.20 314.50 Td (\("GDM"\) ) Tj ET Q q 0 0 0 rg BT 434.90 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 460.36 314.50 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 496.41 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 506.36 314.50 Td (Environment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.28 302.50 Td (Natural ) Tj ET Q q 0 0 0 rg BT 104.61 302.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 155.50 302.50 Td (in ) Tj ET Q q 0 0 0 rg BT 166.38 302.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 218.38 302.50 Td (has ) Tj ET Q q 0 0 0 rg BT 237.60 302.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 295.16 302.50 Td (expiry ) Tj ET Q q 0 0 0 rg BT 324.93 302.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 382.51 302.50 Td (against ) Tj ET Q q 0 0 0 rg BT 417.84 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.84 302.50 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 488.52 302.50 Td (license ) Tj ET Q q 0 0 0 rg BT 522.74 302.50 Td (for ) Tj ET Q q 0 0 0 rg BT 537.51 302.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 83.17 290.50 Td (on ) Tj ET Q q 0 0 0 rg BT 97.39 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.38 290.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 140.82 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 152.26 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 169.25 290.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 199.58 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 211.02 290.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 245.79 290.50 Td (with ) Tj ET Q q 0 0 0 rg BT 266.66 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.66 290.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 311.75 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 323.19 290.50 Td (such ) Tj ET Q q 0 0 0 rg BT 347.40 290.50 Td (license. ) Tj ET Q q 0 0 0 rg BT 384.40 290.50 Td (In ) Tj ET Q q 0 0 0 rg BT 395.84 290.50 Td (each ) Tj ET Q q 0 0 0 rg BT 420.62 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 432.05 290.50 Td (these ) Tj ET Q q 0 0 0 rg BT 459.61 290.50 Td (instances, ) Tj ET Q q 0 0 0 rg BT 507.73 290.50 Td (Entre ) Tj ET Q q 0 0 0 rg BT 534.72 290.50 Td (Mares ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (was ) Tj ET Q q 0 0 0 rg BT 70.12 278.50 Td (able ) Tj ET Q q 0 0 0 rg BT 91.87 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.04 278.50 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 134.22 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.96 278.50 Td (GDM ) Tj ET Q q 0 0 0 rg BT 177.13 278.50 Td (that ) Tj ET Q q 0 0 0 rg BT 196.65 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 213.38 278.50 Td (license ) Tj ET Q q 0 0 0 rg BT 247.35 278.50 Td (provisions ) Tj ET Q q 0 0 0 rg BT 295.21 278.50 Td (have ) Tj ET Q q 0 0 0 rg BT 319.73 278.50 Td (been ) Tj ET Q q 0 0 0 rg BT 344.81 278.50 Td (complied ) Tj ET Q q 0 0 0 rg BT 387.67 278.50 Td (with ) Tj ET Q q 0 0 0 rg BT 408.29 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 427.82 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 278.50 Td (license ) Tj ET Q q 0 0 0 rg BT 478.52 278.50 Td (expiry ) Tj ET Q q 0 0 0 rg BT 508.03 278.50 Td (proceedings ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (were ) Tj ET Q q 0 0 0 rg BT 73.18 266.50 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 125.08 266.50 Td (The ) Tj ET Q q 0 0 0 rg BT 144.31 266.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.12 266.50 Td (understands ) Tj ET Q q 0 0 0 rg BT 246.16 266.50 Td (that ) Tj ET Q q 0 0 0 rg BT 264.85 266.50 Td (there ) Tj ET Q q 0 0 0 rg BT 289.64 266.50 Td (are ) Tj ET Q q 0 0 0 rg BT 306.10 266.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 346.45 266.50 Td (no ) Tj ET Q q 0 0 0 rg BT 359.58 266.50 Td (expiry ) Tj ET Q q 0 0 0 rg BT 388.26 266.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 444.75 266.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 489.00 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 504.91 266.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 531.92 266.50 Td (Blanco ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (license; ) Tj ET Q q 0 0 0 rg BT 86.58 254.50 Td (however) Tj ET Q q 0 0 0 rg BT 123.83 254.50 Td (, ) Tj ET Q q 0 0 0 rg BT 129.79 254.50 Td (there ) Tj ET Q q 0 0 0 rg BT 155.76 254.50 Td (can ) Tj ET Q q 0 0 0 rg BT 175.06 254.50 Td (be ) Tj ET Q q 0 0 0 rg BT 189.36 254.50 Td (no ) Tj ET Q q 0 0 0 rg BT 203.66 254.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 252.97 254.50 Td (that ) Tj ET Q q 0 0 0 rg BT 272.83 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.91 254.50 Td (GDM ) Tj ET Q q 0 0 0 rg BT 316.41 254.50 Td (will ) Tj ET Q q 0 0 0 rg BT 333.48 254.50 Td (not ) Tj ET Q q 0 0 0 rg BT 350.56 254.50 Td (commence ) Tj ET Q q 0 0 0 rg BT 402.64 254.50 Td (expiry ) Tj ET Q q 0 0 0 rg BT 432.49 254.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 490.15 254.50 Td (in ) Tj ET Q q 0 0 0 rg BT 501.11 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.19 254.50 Td (future. ) Tj ET Q q 0 0 0 rg BT 549.72 254.50 Td (No ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (expiry ) Tj ET Q q 0 0 0 rg BT 78.29 242.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 134.88 242.50 Td (af) Tj ET Q q 0 0 0 rg BT 143.04 242.50 Td (fecting ) Tj ET Q q 0 0 0 rg BT 174.62 242.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 195.62 242.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 249.98 242.50 Td (have ) Tj ET Q q 0 0 0 rg BT 273.78 242.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 320.91 242.50 Td (been ) Tj ET Q q 0 0 0 rg BT 345.27 242.50 Td (commenced; ) Tj ET Q q 0 0 0 rg BT 404.62 242.50 Td (however) Tj ET Q q 0 0 0 rg BT 441.87 242.50 Td (, ) Tj ET Q q 0 0 0 rg BT 446.76 242.50 Td (there ) Tj ET Q q 0 0 0 rg BT 471.67 242.50 Td (can ) Tj ET Q q 0 0 0 rg BT 489.90 242.50 Td (be ) Tj ET Q q 0 0 0 rg BT 503.14 242.50 Td (no ) Tj ET Q q 0 0 0 rg BT 516.37 242.50 Td (assurance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (that ) Tj ET Q q 0 0 0 rg BT 69.14 230.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 126.58 230.50 Td (will ) Tj ET Q q 0 0 0 rg BT 143.43 230.50 Td (not ) Tj ET Q q 0 0 0 rg BT 160.29 230.50 Td (be ) Tj ET Q q 0 0 0 rg BT 174.37 230.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 231.80 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 242.54 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.41 230.50 Td (future ) Tj ET Q q 0 0 0 rg BT 287.94 230.50 Td (for ) Tj ET Q q 0 0 0 rg BT 302.57 230.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 332.76 230.50 Td (to ) Tj ET Q q 0 0 0 rg BT 344.06 230.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 369.25 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.12 230.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 447.43 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 458.18 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 475.04 230.50 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 528.59 230.50 Td (license. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.75 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 77.57 218.50 Td (event ) Tj ET Q q 0 0 0 rg BT 104.94 218.50 Td (that ) Tj ET Q q 0 0 0 rg BT 124.53 218.50 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 180.26 218.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 237.65 218.50 Td (are ) Tj ET Q q 0 0 0 rg BT 255.02 218.50 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 315.18 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.99 218.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.70 218.50 Td (understands ) Tj ET Q q 0 0 0 rg BT 435.65 218.50 Td (that ) Tj ET Q q 0 0 0 rg BT 455.25 218.50 Td (it ) Tj ET Q q 0 0 0 rg BT 463.16 218.50 Td (will ) Tj ET Q q 0 0 0 rg BT 479.96 218.50 Td (have ) Tj ET Q q 0 0 0 rg BT 504.56 218.50 Td (a ) Tj ET Q q 0 0 0 rg BT 513.03 218.50 Td (reasonable ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 101.76 206.50 Td (to ) Tj ET Q q 0 0 0 rg BT 112.87 206.50 Td (cure ) Tj ET Q q 0 0 0 rg BT 135.11 206.50 Td (any ) Tj ET Q q 0 0 0 rg BT 154.01 206.50 Td (default ) Tj ET Q q 0 0 0 rg BT 186.81 206.50 Td (or ) Tj ET Q q 0 0 0 rg BT 198.48 206.50 Td (deficiency) Tj ET Q q 0 0 0 rg BT 242.21 206.50 Td (.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I13 Do Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (14) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Maintaining ) Tj ET Q q 0 0 0 rg BT 107.83 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 128.39 674.50 Td (Obtaining ) Tj ET Q q 0 0 0 rg BT 177.83 674.50 Td (Licenses ) Tj ET Q q 0 0 0 rg BT 223.41 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.96 674.50 Td (Permits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.37 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 78.80 650.50 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 118.45 650.50 Td (course ) Tj ET Q q 0 0 0 rg BT 151.99 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 163.86 650.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 209.63 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 227.06 650.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.39 650.50 Td (will ) Tj ET Q q 0 0 0 rg BT 290.80 650.50 Td (be ) Tj ET Q q 0 0 0 rg BT 305.45 650.50 Td (required ) Tj ET Q q 0 0 0 rg BT 345.67 650.50 Td (to ) Tj ET Q q 0 0 0 rg BT 357.54 650.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 398.86 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 419.07 650.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 449.85 650.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 513.96 650.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 553.62 650.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (permits ) Tj ET Q q 0 0 0 rg BT 85.66 638.50 Td (for ) Tj ET Q q 0 0 0 rg BT 100.70 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.97 638.50 Td (development, ) Tj ET Q q 0 0 0 rg BT 181.38 638.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 238.67 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 258.73 638.50 Td (commencement ) Tj ET Q q 0 0 0 rg BT 333.24 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 344.95 638.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 399.44 638.50 Td (production ) Tj ET Q q 0 0 0 rg BT 449.51 638.50 Td (at ) Tj ET Q q 0 0 0 rg BT 461.23 638.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 489.60 638.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 523.55 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 543.61 638.50 Td (Mita ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 104.78 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 124.49 626.50 Td (other ) Tj ET Q q 0 0 0 rg BT 150.32 626.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 191.15 626.50 Td (projects. ) Tj ET Q q 0 0 0 rg BT 231.98 626.50 Td (Maintaining ) Tj ET Q q 0 0 0 rg BT 286.15 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 305.87 626.50 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 349.49 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 366.42 626.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 415.03 626.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 478.65 626.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 517.81 626.50 Td (or ) Tj ET Q q 0 0 0 rg BT 529.73 626.50 Td (permits ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (is ) Tj ET Q q 0 0 0 rg BT 58.66 614.50 Td (a ) Tj ET Q q 0 0 0 rg BT 66.17 614.50 Td (complex ) Tj ET Q q 0 0 0 rg BT 105.35 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 123.98 614.50 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 196.50 614.50 Td (process ) Tj ET Q q 0 0 0 rg BT 233.46 614.50 Td (involving ) Tj ET Q q 0 0 0 rg BT 274.31 614.50 Td (numerous ) Tj ET Q q 0 0 0 rg BT 320.72 614.50 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 374.91 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 393.53 614.50 Td (often ) Tj ET Q q 0 0 0 rg BT 417.72 614.50 Td (involving ) Tj ET Q q 0 0 0 rg BT 458.57 614.50 Td (public ) Tj ET Q q 0 0 0 rg BT 486.64 614.50 Td (comment ) Tj ET Q q 0 0 0 rg BT 529.71 614.50 Td (periods ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.09 602.50 Td (costly ) Tj ET Q q 0 0 0 rg BT 97.56 602.50 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 157.73 602.50 Td (on ) Tj ET Q q 0 0 0 rg BT 171.76 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.57 602.50 Td (part ) Tj ET Q q 0 0 0 rg BT 208.71 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.96 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.77 602.50 Td (Company) Tj ET Q q 0 0 0 rg BT 278.83 602.50 Td (. ) Tj ET Q q 0 0 0 rg BT 284.33 602.50 Td (The ) Tj ET Q q 0 0 0 rg BT 304.47 602.50 Td (duration ) Tj ET Q q 0 0 0 rg BT 343.51 602.50 Td (and ) Tj ET Q q 0 0 0 rg BT 363.11 602.50 Td (success ) Tj ET Q q 0 0 0 rg BT 402.14 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.39 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 430.20 602.50 Td (Company) Tj ET Q q 0 0 0 rg BT 475.04 602.50 Td (s ) Tj ET Q q 0 0 0 rg BT 482.94 602.50 Td (ef) Tj ET Q q 0 0 0 rg BT 491.10 602.50 Td (forts ) Tj ET Q q 0 0 0 rg BT 513.46 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 524.71 602.50 Td (maintain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.18 590.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 99.42 590.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 138.54 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 150.43 590.50 Td (permits ) Tj ET Q q 0 0 0 rg BT 186.20 590.50 Td (are ) Tj ET Q q 0 0 0 rg BT 203.65 590.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 252.79 590.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 278.03 590.50 Td (many ) Tj ET Q q 0 0 0 rg BT 305.48 590.50 Td (variables ) Tj ET Q q 0 0 0 rg BT 348.49 590.50 Td (not ) Tj ET Q q 0 0 0 rg BT 365.39 590.50 Td (within ) Tj ET Q q 0 0 0 rg BT 393.95 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 410.85 590.50 Td (Company) Tj ET Q q 0 0 0 rg BT 455.68 590.50 Td (s ) Tj ET Q q 0 0 0 rg BT 463.68 590.50 Td (control, ) Tj ET Q q 0 0 0 rg BT 499.47 590.50 Td (including ) Tj ET Q q 0 0 0 rg BT 541.93 590.50 Td (local ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (politics, ) Tj ET Q q 0 0 0 rg BT 85.46 578.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 109.20 578.50 Td (challenges ) Tj ET Q q 0 0 0 rg BT 159.63 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 178.93 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 195.45 578.50 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 256.43 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 267.39 578.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 315.04 578.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 376.02 578.50 Td (implemented ) Tj ET Q q 0 0 0 rg BT 435.88 578.50 Td (by ) Tj ET Q q 0 0 0 rg BT 449.06 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 465.58 578.50 Td (licensing ) Tj ET Q q 0 0 0 rg BT 507.10 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 518.61 578.50 Td (permitting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (process ) Tj ET Q q 0 0 0 rg BT 86.40 566.50 Td (which ) Tj ET Q q 0 0 0 rg BT 113.84 566.50 Td (could ) Tj ET Q q 0 0 0 rg BT 139.63 566.50 Td (prevent ) Tj ET Q q 0 0 0 rg BT 174.86 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 185.64 566.50 Td (delay ) Tj ET Q q 0 0 0 rg BT 211.42 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 227.20 566.50 Td (development ) Tj ET Q q 0 0 0 rg BT 286.34 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 297.12 566.50 Td (impede ) Tj ET Q q 0 0 0 rg BT 331.79 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.58 566.50 Td (operation ) Tj ET Q q 0 0 0 rg BT 391.16 566.50 Td (of ) Tj ET Q q 0 0 0 rg BT 401.38 566.50 Td (a ) Tj ET Q q 0 0 0 rg BT 408.82 566.50 Td (mine, ) Tj ET Q q 0 0 0 rg BT 435.15 566.50 Td (which ) Tj ET Q q 0 0 0 rg BT 462.60 566.50 Td (could ) Tj ET Q q 0 0 0 rg BT 488.39 566.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 533.06 566.50 Td (impact ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 66.18 554.50 Td (Company) Tj ET Q q 0 0 0 rg BT 111.02 554.50 Td (s ) Tj ET Q q 0 0 0 rg BT 118.80 554.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.27 554.50 Td (and ) Tj ET Q q 0 0 0 rg BT 187.74 554.50 Td (profitability) Tj ET Q q 0 0 0 rg BT 234.79 554.50 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 121.74 530.50 Td (Hazards) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (All ) Tj ET Q q 0 0 0 rg BT 64.74 506.50 Td (phases ) Tj ET Q q 0 0 0 rg BT 101.11 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.58 506.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 160.10 506.50 Td (s ) Tj ET Q q 0 0 0 rg BT 169.23 506.50 Td (future ) Tj ET Q q 0 0 0 rg BT 198.92 506.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.75 506.50 Td (with ) Tj ET Q q 0 0 0 rg BT 271.66 506.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 308.58 506.50 Td (to ) Tj ET Q q 0 0 0 rg BT 321.05 506.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 350.18 506.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 384.88 506.50 Td (and ) Tj ET Q q 0 0 0 rg BT 405.69 506.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 428.71 506.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 485.08 506.50 Td (will ) Tj ET Q q 0 0 0 rg BT 503.10 506.50 Td (be ) Tj ET Q q 0 0 0 rg BT 518.35 506.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.16 506.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 116.06 494.50 Td (regulation ) Tj ET Q q 0 0 0 rg BT 163.73 494.50 Td (in ) Tj ET Q q 0 0 0 rg BT 175.26 494.50 Td (Guatemala. ) Tj ET Q q 0 0 0 rg BT 230.70 494.50 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 298.37 494.50 Td (legislation ) Tj ET Q q 0 0 0 rg BT 346.59 494.50 Td (in ) Tj ET Q q 0 0 0 rg BT 358.12 494.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 410.79 494.50 Td (involves ) Tj ET Q q 0 0 0 rg BT 450.66 494.50 Td (strict ) Tj ET Q q 0 0 0 rg BT 475.52 494.50 Td (standards ) Tj ET Q q 0 0 0 rg BT 523.18 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 543.62 494.50 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (entail ) Tj ET Q q 0 0 0 rg BT 76.47 482.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 122.90 482.50 Td (scrutiny) Tj ET Q q 0 0 0 rg BT 156.61 482.50 Td (, ) Tj ET Q q 0 0 0 rg BT 162.46 482.50 Td (fines ) Tj ET Q q 0 0 0 rg BT 186.65 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 206.40 482.50 Td (penalties ) Tj ET Q q 0 0 0 rg BT 249.50 482.50 Td (for ) Tj ET Q q 0 0 0 rg BT 264.23 482.50 Td (non-compliance, ) Tj ET Q q 0 0 0 rg BT 340.67 482.50 Td (stringent ) Tj ET Q q 0 0 0 rg BT 382.10 482.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 447.98 482.50 Td (assessments ) Tj ET Q q 0 0 0 rg BT 509.40 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 520.81 482.50 Td (proposed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 87.93 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 108.02 470.50 Td (a ) Tj ET Q q 0 0 0 rg BT 117.00 470.50 Td (high ) Tj ET Q q 0 0 0 rg BT 139.31 470.50 Td (degree ) Tj ET Q q 0 0 0 rg BT 173.86 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 185.61 470.50 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 246.83 470.50 Td (for ) Tj ET Q q 0 0 0 rg BT 261.91 470.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 313.68 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 333.78 470.50 Td (their ) Tj ET Q q 0 0 0 rg BT 356.64 470.50 Td (of) Tj ET Q q 0 0 0 rg BT 364.80 470.50 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 394.88 470.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 436.64 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.74 470.50 Td (employees. ) Tj ET Q q 0 0 0 rg BT 511.28 470.50 Td (Changes ) Tj ET Q q 0 0 0 rg BT 554.73 470.50 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 116.37 458.50 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 167.12 458.50 Td (if ) Tj ET Q q 0 0 0 rg BT 176.18 458.50 Td (any) Tj ET Q q 0 0 0 rg BT 191.56 458.50 Td (, ) Tj ET Q q 0 0 0 rg BT 198.40 458.50 Td (may ) Tj ET Q q 0 0 0 rg BT 221.34 458.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 268.20 458.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 301.71 458.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 348.23 458.50 Td (s ) Tj ET Q q 0 0 0 rg BT 357.28 458.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.04 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 428.78 458.50 Td (future ) Tj ET Q q 0 0 0 rg BT 458.40 458.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 500.27 458.50 Td (profitability) Tj ET Q q 0 0 0 rg BT 547.32 458.50 Td (. ) Tj ET Q q 0 0 0 rg BT 554.16 458.50 Td (In ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 91.71 446.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 158.93 446.50 Td (hazards ) Tj ET Q q 0 0 0 rg BT 198.91 446.50 Td (which ) Tj ET Q q 0 0 0 rg BT 228.88 446.50 Td (are ) Tj ET Q q 0 0 0 rg BT 247.73 446.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.48 446.50 Td (unknown ) Tj ET Q q 0 0 0 rg BT 334.92 446.50 Td (may ) Tj ET Q q 0 0 0 rg BT 358.21 446.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 383.18 446.50 Td (on ) Tj ET Q q 0 0 0 rg BT 398.70 446.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 428.11 446.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 463.09 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 484.18 446.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 507.48 446.50 Td (Geothermal. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 96.92 434.50 Td (may ) Tj ET Q q 0 0 0 rg BT 118.75 434.50 Td (be ) Tj ET Q q 0 0 0 rg BT 132.81 434.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 159.10 434.50 Td (for ) Tj ET Q q 0 0 0 rg BT 173.71 434.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 205.00 434.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 255.74 434.50 Td (with ) Tj ET Q q 0 0 0 rg BT 276.47 434.50 Td (such ) Tj ET Q q 0 0 0 rg BT 300.53 434.50 Td (hazards, ) Tj ET Q q 0 0 0 rg BT 341.82 434.50 Td (or ) Tj ET Q q 0 0 0 rg BT 353.66 434.50 Td (may ) Tj ET Q q 0 0 0 rg BT 375.49 434.50 Td (be ) Tj ET Q q 0 0 0 rg BT 389.55 434.50 Td (forced ) Tj ET Q q 0 0 0 rg BT 420.28 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 431.56 434.50 Td (undertake ) Tj ET Q q 0 0 0 rg BT 478.98 434.50 Td (extensive ) Tj ET Q q 0 0 0 rg BT 524.17 434.50 Td (remedial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 90.67 422.50 Td (action ) Tj ET Q q 0 0 0 rg BT 120.16 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 131.86 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 143.00 422.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 161.93 422.50 Td (for ) Tj ET Q q 0 0 0 rg BT 176.41 422.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 239.81 422.50 Td (remedial ) Tj ET Q q 0 0 0 rg BT 280.96 422.50 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 322.13 422.50 Td (actions, ) Tj ET Q q 0 0 0 rg BT 359.40 422.50 Td (even ) Tj ET Q q 0 0 0 rg BT 383.89 422.50 Td (in ) Tj ET Q q 0 0 0 rg BT 394.48 422.50 Td (cases ) Tj ET Q q 0 0 0 rg BT 423.41 422.50 Td (where ) Tj ET Q q 0 0 0 rg BT 453.45 422.50 Td (such ) Tj ET Q q 0 0 0 rg BT 477.38 422.50 Td (hazards ) Tj ET Q q 0 0 0 rg BT 515.76 422.50 Td (have ) Tj ET Q q 0 0 0 rg BT 540.25 422.50 Td (been ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (caused ) Tj ET Q q 0 0 0 rg BT 85.56 410.50 Td (by ) Tj ET Q q 0 0 0 rg BT 99.93 410.50 Td (previous ) Tj ET Q q 0 0 0 rg BT 141.53 410.50 Td (or ) Tj ET Q q 0 0 0 rg BT 154.24 410.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 191.95 410.50 Td (owners ) Tj ET Q q 0 0 0 rg BT 228.00 410.50 Td (or ) Tj ET Q q 0 0 0 rg BT 240.70 410.50 Td (operators ) Tj ET Q q 0 0 0 rg BT 286.75 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 298.90 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 316.61 410.50 Td (property) Tj ET Q q 0 0 0 rg BT 352.56 410.50 Td (, ) Tj ET Q q 0 0 0 rg BT 359.14 410.50 Td (or ) Tj ET Q q 0 0 0 rg BT 371.85 410.50 Td (by ) Tj ET Q q 0 0 0 rg BT 386.22 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.93 410.50 Td (past ) Tj ET Q q 0 0 0 rg BT 426.64 410.50 Td (or ) Tj ET Q q 0 0 0 rg BT 439.34 410.50 Td (present ) Tj ET Q q 0 0 0 rg BT 476.50 410.50 Td (owners ) Tj ET Q q 0 0 0 rg BT 512.55 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 524.70 410.50 Td (adjacent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 98.26 398.50 Td (or ) Tj ET Q q 0 0 0 rg BT 111.45 398.50 Td (by ) Tj ET Q q 0 0 0 rg BT 126.31 398.50 Td (natural ) Tj ET Q q 0 0 0 rg BT 161.18 398.50 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 213.01 398.50 Td (The ) Tj ET Q q 0 0 0 rg BT 234.54 398.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.17 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 274.81 398.50 Td (such ) Tj ET Q q 0 0 0 rg BT 300.23 398.50 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 342.88 398.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 378.86 398.50 Td (may ) Tj ET Q q 0 0 0 rg BT 402.05 398.50 Td (have ) Tj ET Q q 0 0 0 rg BT 428.03 398.50 Td (a ) Tj ET Q q 0 0 0 rg BT 437.89 398.50 Td (material ) Tj ET Q q 0 0 0 rg BT 477.75 398.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 517.63 398.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 551.38 398.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 96.02 386.50 Td (s ) Tj ET Q q 0 0 0 rg BT 104.46 386.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 154.60 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.73 386.50 Td (future ) Tj ET Q q 0 0 0 rg BT 203.75 386.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 245.00 386.50 Td (profitability) Tj ET Q q 0 0 0 rg BT 292.05 386.50 Td (. ) Tj ET Q q 0 0 0 rg BT 298.27 386.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 328.95 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 345.61 386.50 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 400.19 386.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 448.11 386.50 Td (has ) Tj ET Q q 0 0 0 rg BT 467.68 386.50 Td (agreed ) Tj ET Q q 0 0 0 rg BT 502.26 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 514.04 386.50 Td (assume ) Tj ET Q q 0 0 0 rg BT 552.50 386.50 Td (all ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 115.09 374.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 155.66 374.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 187.90 374.50 Td (from ) Tj ET Q q 0 0 0 rg BT 210.68 374.50 Td (past, ) Tj ET Q q 0 0 0 rg BT 235.13 374.50 Td (present ) Tj ET Q q 0 0 0 rg BT 271.27 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 290.73 374.50 Td (future ) Tj ET Q q 0 0 0 rg BT 319.08 374.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 360.20 374.50 Td (on ) Tj ET Q q 0 0 0 rg BT 374.10 374.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 401.89 374.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 435.24 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.71 374.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 476.38 374.50 Td (Geothermal.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 119.52 350.50 Td (Laws ) Tj ET Q q 0 0 0 rg BT 147.31 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 167.86 350.50 Td (Regulations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 96.02 326.50 Td (s ) Tj ET Q q 0 0 0 rg BT 103.49 326.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 155.44 326.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 206.83 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 225.98 326.50 Td (development ) Tj ET Q q 0 0 0 rg BT 285.71 326.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 326.53 326.50 Td (with ) Tj ET Q q 0 0 0 rg BT 346.78 326.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 382.04 326.50 Td (to ) Tj ET Q q 0 0 0 rg BT 392.85 326.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 420.33 326.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 453.38 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 472.53 326.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 493.89 326.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 548.61 326.50 Td (will ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (be ) Tj ET Q q 0 0 0 rg BT 63.32 314.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.71 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 108.75 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.35 314.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 148.05 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 167.44 314.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 219.06 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 230.10 314.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 281.71 314.50 Td (that ) Tj ET Q q 0 0 0 rg BT 301.09 314.50 Td (govern ) Tj ET Q q 0 0 0 rg BT 334.37 314.50 Td (various ) Tj ET Q q 0 0 0 rg BT 369.30 314.50 Td (matters, ) Tj ET Q q 0 0 0 rg BT 408.12 314.50 Td (including ) Tj ET Q q 0 0 0 rg BT 450.29 314.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 515.81 314.50 Td (protection, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (management ) Tj ET Q q 0 0 0 rg BT 109.44 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 127.70 302.50 Td (use ) Tj ET Q q 0 0 0 rg BT 145.40 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 155.32 302.50 Td (toxic ) Tj ET Q q 0 0 0 rg BT 177.45 302.50 Td (substances ) Tj ET Q q 0 0 0 rg BT 229.62 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.88 302.50 Td (explosives, ) Tj ET Q q 0 0 0 rg BT 298.92 302.50 Td (management ) Tj ET Q q 0 0 0 rg BT 358.86 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 368.78 302.50 Td (natural ) Tj ET Q q 0 0 0 rg BT 400.93 302.50 Td (resources, ) Tj ET Q q 0 0 0 rg BT 449.19 302.50 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 502.46 302.50 Td (development, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (production, ) Tj ET Q q 0 0 0 rg BT 102.05 290.50 Td (post-closure ) Tj ET Q q 0 0 0 rg BT 159.60 290.50 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 214.36 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 225.78 290.50 Td (mines, ) Tj ET Q q 0 0 0 rg BT 258.31 290.50 Td (imports ) Tj ET Q q 0 0 0 rg BT 294.17 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 313.93 290.50 Td (exports, ) Tj ET Q q 0 0 0 rg BT 352.58 290.50 Td (price ) Tj ET Q q 0 0 0 rg BT 377.33 290.50 Td (controls, ) Tj ET Q q 0 0 0 rg BT 418.20 290.50 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 459.08 290.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 491.62 290.50 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 534.71 290.50 Td (labour ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (standards ) Tj ET Q q 0 0 0 rg BT 96.10 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.47 278.50 Td (occupational ) Tj ET Q q 0 0 0 rg BT 174.31 278.50 Td (health ) Tj ET Q q 0 0 0 rg BT 204.24 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 223.61 278.50 Td (safety) Tj ET Q q 0 0 0 rg BT 249.55 278.50 Td (, ) Tj ET Q q 0 0 0 rg BT 255.02 278.50 Td (including ) Tj ET Q q 0 0 0 rg BT 297.17 278.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 321.54 278.50 Td (safety ) Tj ET Q q 0 0 0 rg BT 350.90 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 370.27 278.50 Td (historic ) Tj ET Q q 0 0 0 rg BT 404.63 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 424.00 278.50 Td (cultural ) Tj ET Q q 0 0 0 rg BT 458.93 278.50 Td (preservation. ) Tj ET Q q 0 0 0 rg BT 519.24 278.50 Td (The ) Tj ET Q q 0 0 0 rg BT 539.16 278.50 Td (costs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 99.56 266.50 Td (with ) Tj ET Q q 0 0 0 rg BT 119.60 266.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 142.98 266.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 195.82 266.50 Td (are ) Tj ET Q q 0 0 0 rg BT 212.53 266.50 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 265.37 266.50 Td (In ) Tj ET Q q 0 0 0 rg BT 275.96 266.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 316.03 266.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 354.97 266.50 Td (future ) Tj ET Q q 0 0 0 rg BT 382.80 266.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 405.06 266.50 Td (and ) Tj ET Q q 0 0 0 rg BT 424.00 266.50 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 477.95 266.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 518.01 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 528.61 266.50 Td (existing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 73.52 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 94.22 254.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 147.16 254.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 193.98 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.90 254.50 Td (imposition ) Tj ET Q q 0 0 0 rg BT 260.94 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.29 254.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 305.11 254.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 333.03 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 353.73 254.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 387.20 254.50 Td (royalties ) Tj ET Q q 0 0 0 rg BT 428.46 254.50 Td (which ) Tj ET Q q 0 0 0 rg BT 458.04 254.50 Td (have ) Tj ET Q q 0 0 0 rg BT 483.74 254.50 Td (been, ) Tj ET Q q 0 0 0 rg BT 512.78 254.50 Td (or ) Tj ET Q q 0 0 0 rg BT 525.69 254.50 Td (may ) Tj ET Q q 0 0 0 rg BT 548.60 254.50 Td (be, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (implemented ) Tj ET Q q 0 0 0 rg BT 109.93 242.50 Td (or ) Tj ET Q q 0 0 0 rg BT 122.00 242.50 Td (threatened ) Tj ET Q q 0 0 0 rg BT 173.00 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.87 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 209.95 242.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 251.50 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 263.02 242.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 286.21 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 306.07 242.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 358.18 242.50 Td (by ) Tj ET Q q 0 0 0 rg BT 371.92 242.50 Td (neighboring ) Tj ET Q q 0 0 0 rg BT 427.37 242.50 Td (jurisdictions\) ) Tj ET Q q 0 0 0 rg BT 486.12 242.50 Td (or ) Tj ET Q q 0 0 0 rg BT 498.19 242.50 Td (more ) Tj ET Q q 0 0 0 rg BT 524.16 242.50 Td (stringent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 108.88 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 121.02 230.50 Td (current ) Tj ET Q q 0 0 0 rg BT 155.94 230.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 179.75 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 200.23 230.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 252.95 230.50 Td (by ) Tj ET Q q 0 0 0 rg BT 267.31 230.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 331.70 230.50 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 384.41 230.50 Td (could ) Tj ET Q q 0 0 0 rg BT 412.12 230.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 442.60 230.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 489.21 230.50 Td (expense, ) Tj ET Q q 0 0 0 rg BT 533.60 230.50 Td (capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 111.24 218.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 161.28 218.50 Td (on ) Tj ET Q q 0 0 0 rg BT 174.10 218.50 Td (or ) Tj ET Q q 0 0 0 rg BT 184.69 218.50 Td (suspension ) Tj ET Q q 0 0 0 rg BT 236.98 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.02 218.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 295.42 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 313.80 218.50 Td (planned ) Tj ET Q q 0 0 0 rg BT 351.09 218.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 399.49 218.50 Td (at ) Tj ET Q q 0 0 0 rg BT 409.52 218.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 436.23 218.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 468.50 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 486.88 218.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 507.47 218.50 Td (Geothermal. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (Moreover) Tj ET Q q 0 0 0 rg BT 91.18 206.50 Td (, ) Tj ET Q q 0 0 0 rg BT 96.63 206.50 Td (these ) Tj ET Q q 0 0 0 rg BT 123.75 206.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 146.42 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.77 206.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 217.36 206.50 Td (may ) Tj ET Q q 0 0 0 rg BT 238.92 206.50 Td (allow ) Tj ET Q q 0 0 0 rg BT 264.37 206.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 327.62 206.50 Td (authorities ) Tj ET Q q 0 0 0 rg BT 376.43 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 395.77 206.50 Td (private ) Tj ET Q q 0 0 0 rg BT 428.45 206.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 461.13 206.50 Td (to ) Tj ET Q q 0 0 0 rg BT 472.14 206.50 Td (bring ) Tj ET Q q 0 0 0 rg BT 497.04 206.50 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 535.27 206.50 Td (based ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 76.08 194.50 Td (damages ) Tj ET Q q 0 0 0 rg BT 121.56 194.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.24 194.50 Td (property ) Tj ET Q q 0 0 0 rg BT 175.26 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 196.28 194.50 Td (injury ) Tj ET Q q 0 0 0 rg BT 224.51 194.50 Td (to ) Tj ET Q q 0 0 0 rg BT 237.19 194.50 Td (persons ) Tj ET Q q 0 0 0 rg BT 277.10 194.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 319.24 194.50 Td (from ) Tj ET Q q 0 0 0 rg BT 343.58 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 361.82 194.50 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 431.74 194.50 Td (health ) Tj ET Q q 0 0 0 rg BT 463.33 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 484.35 194.50 Td (safety ) Tj ET Q q 0 0 0 rg BT 515.37 194.50 Td (impacts ) Tj ET Q q 0 0 0 rg BT 554.16 194.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 96.02 182.50 Td (s ) Tj ET Q q 0 0 0 rg BT 104.07 182.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 156.59 182.50 Td (which ) Tj ET Q q 0 0 0 rg BT 185.20 182.50 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 223.82 182.50 Td (can ) Tj ET Q q 0 0 0 rg BT 242.99 182.50 Td (potentially ) Tj ET Q q 0 0 0 rg BT 291.06 182.50 Td (be ) Tj ET Q q 0 0 0 rg BT 305.23 182.50 Td (heard ) Tj ET Q q 0 0 0 rg BT 333.86 182.50 Td (in ) Tj ET Q q 0 0 0 rg BT 344.69 182.50 Td (British ) Tj ET Q q 0 0 0 rg BT 375.52 182.50 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 420.80 182.50 Td (courts. ) Tj ET Q q 0 0 0 rg BT 453.86 182.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 479.70 182.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 503.88 182.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 538.61 182.50 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (lead ) Tj ET Q q 0 0 0 rg BT 71.93 170.50 Td (to ) Tj ET Q q 0 0 0 rg BT 83.78 170.50 Td (the ) Tj ET Q q 0 0 0 rg BT 101.20 170.50 Td (imposition ) Tj ET Q q 0 0 0 rg BT 149.74 170.50 Td (of ) Tj ET Q q 0 0 0 rg BT 161.60 170.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 212.93 170.50 Td (fines, ) Tj ET Q q 0 0 0 rg BT 240.35 170.50 Td (penalties ) Tj ET Q q 0 0 0 rg BT 283.90 170.50 Td (or ) Tj ET Q q 0 0 0 rg BT 296.31 170.50 Td (other ) Tj ET Q q 0 0 0 rg BT 322.62 170.50 Td (civil ) Tj ET Q q 0 0 0 rg BT 342.80 170.50 Td (or ) Tj ET Q q 0 0 0 rg BT 355.21 170.50 Td (criminal ) Tj ET Q q 0 0 0 rg BT 393.18 170.50 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 441.73 170.50 Td (It ) Tj ET Q q 0 0 0 rg BT 450.80 170.50 Td (may ) Tj ET Q q 0 0 0 rg BT 473.21 170.50 Td (be ) Tj ET Q q 0 0 0 rg BT 487.85 170.50 Td (dif) Tj ET Q q 0 0 0 rg BT 498.23 170.50 Td (ficult ) Tj ET Q q 0 0 0 rg BT 522.32 170.50 Td (to ) Tj ET Q q 0 0 0 rg BT 534.17 170.50 Td (strictly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 84.02 158.50 Td (with ) Tj ET Q q 0 0 0 rg BT 104.64 158.50 Td (all ) Tj ET Q q 0 0 0 rg BT 117.49 158.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 169.25 158.50 Td (that ) Tj ET Q q 0 0 0 rg BT 188.77 158.50 Td (may ) Tj ET Q q 0 0 0 rg BT 210.50 158.50 Td (be ) Tj ET Q q 0 0 0 rg BT 224.46 158.50 Td (imposed ) Tj ET Q q 0 0 0 rg BT 265.10 158.50 Td (on ) Tj ET Q q 0 0 0 rg BT 279.07 158.50 Td (Bluestone. ) Tj ET Q q 0 0 0 rg BT 329.16 158.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 376.48 158.50 Td (has ) Tj ET Q q 0 0 0 rg BT 395.45 158.50 Td (individuals ) Tj ET Q q 0 0 0 rg BT 444.98 158.50 Td (and ) Tj ET Q q 0 0 0 rg BT 464.51 158.50 Td (consultants ) Tj ET Q q 0 0 0 rg BT 517.93 158.50 Td (to ) Tj ET Q q 0 0 0 rg BT 529.11 158.50 Td (assist ) Tj ET Q q 0 0 0 rg BT 557.52 158.50 Td (it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (with ) Tj ET Q q 0 0 0 rg BT 70.61 146.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 124.53 146.50 Td (with ) Tj ET Q q 0 0 0 rg BT 145.64 146.50 Td (such ) Tj ET Q q 0 0 0 rg BT 170.09 146.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 193.43 146.50 Td (and ) Tj ET Q q 0 0 0 rg BT 213.44 146.50 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 268.47 146.50 Td (however) Tj ET Q q 0 0 0 rg BT 305.72 146.50 Td (, ) Tj ET Q q 0 0 0 rg BT 311.83 146.50 Td (even ) Tj ET Q q 0 0 0 rg BT 336.84 146.50 Td (with ) Tj ET Q q 0 0 0 rg BT 357.96 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.19 146.50 Td (application ) Tj ET Q q 0 0 0 rg BT 426.33 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 438.00 146.50 Td (considerable ) Tj ET Q q 0 0 0 rg BT 498.04 146.50 Td (skill ) Tj ET Q q 0 0 0 rg BT 518.03 146.50 Td (Bluestone ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 134.50 Td (may ) Tj ET Q q 0 0 0 rg BT 71.29 134.50 Td (inadvertently ) Tj ET Q q 0 0 0 rg BT 130.89 134.50 Td (fail ) Tj ET Q q 0 0 0 rg BT 146.58 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 157.82 134.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 192.40 134.50 Td (with ) Tj ET Q q 0 0 0 rg BT 213.08 134.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.00 134.50 Td (laws. ) Tj ET Q q 0 0 0 rg BT 271.68 134.50 Td (Failure ) Tj ET Q q 0 0 0 rg BT 305.15 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 316.39 134.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 350.97 134.50 Td (with ) Tj ET Q q 0 0 0 rg BT 371.66 134.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 394.56 134.50 Td (and ) Tj ET Q q 0 0 0 rg BT 414.15 134.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 465.97 134.50 Td (could ) Tj ET Q q 0 0 0 rg BT 492.78 134.50 Td (lead ) Tj ET Q q 0 0 0 rg BT 514.59 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 525.83 134.50 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (restatements, ) Tj ET Q q 0 0 0 rg BT 112.10 122.50 Td (fines, ) Tj ET Q q 0 0 0 rg BT 138.02 122.50 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 182.85 122.50 Td (loss, ) Tj ET Q q 0 0 0 rg BT 205.43 122.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 248.59 122.50 Td (or ) Tj ET Q q 0 0 0 rg BT 259.50 122.50 Td (expropriation ) Tj ET Q q 0 0 0 rg BT 319.33 122.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.69 122.50 Td (entitlements, ) Tj ET Q q 0 0 0 rg BT 388.41 122.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.33 122.50 Td (imposition ) Tj ET Q q 0 0 0 rg BT 451.37 122.50 Td (of ) Tj ET Q q 0 0 0 rg BT 461.73 122.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 506.56 122.50 Td (local, ) Tj ET Q q 0 0 0 rg BT 531.93 122.50 Td (foreign ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 110.50 Td (or ) Tj ET Q q 0 0 0 rg BT 61.48 110.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 125.16 110.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 158.26 110.50 Td (as ) Tj ET Q q 0 0 0 rg BT 171.91 110.50 Td (joint ) Tj ET Q q 0 0 0 rg BT 193.35 110.50 Td (venture ) Tj ET Q q 0 0 0 rg BT 229.79 110.50 Td (partners ) Tj ET Q q 0 0 0 rg BT 269.56 110.50 Td (with ) Tj ET Q q 0 0 0 rg BT 290.44 110.50 Td (carried ) Tj ET Q q 0 0 0 rg BT 324.09 110.50 Td (or ) Tj ET Q q 0 0 0 rg BT 336.07 110.50 Td (other ) Tj ET Q q 0 0 0 rg BT 361.95 110.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 402.84 110.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.61 110.50 Td (other ) Tj ET Q q 0 0 0 rg BT 448.49 110.50 Td (material ) Tj ET Q q 0 0 0 rg BT 487.15 110.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 528.04 110.50 Td (impacts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 98.50 Td (on ) Tj ET Q q 0 0 0 rg BT 63.40 98.50 Td (Bluestone.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I14 Do Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Community ) Tj ET Q q 0 0 0 rg BT 106.91 674.50 Td (Action) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (In ) Tj ET Q q 0 0 0 rg BT 59.95 650.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 89.85 650.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 119.19 650.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 151.31 650.50 Td (communities ) Tj ET Q q 0 0 0 rg BT 209.54 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.99 650.50 Td (both ) Tj ET Q q 0 0 0 rg BT 241.56 650.50 Td (indigenous ) Tj ET Q q 0 0 0 rg BT 292.04 650.50 Td (people ) Tj ET Q q 0 0 0 rg BT 324.18 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 342.97 650.50 Td (others, ) Tj ET Q q 0 0 0 rg BT 375.65 650.50 Td (as ) Tj ET Q q 0 0 0 rg BT 388.31 650.50 Td (well ) Tj ET Q q 0 0 0 rg BT 407.65 650.50 Td (as ) Tj ET Q q 0 0 0 rg BT 420.32 650.50 Td (non-governmental ) Tj ET Q q 0 0 0 rg BT 503.03 650.50 Td (organizations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (\("NGOs"\), ) Tj ET Q q 0 0 0 rg BT 95.85 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 105.66 638.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 156.61 638.50 Td (have ) Tj ET Q q 0 0 0 rg BT 180.33 638.50 Td (been ) Tj ET Q q 0 0 0 rg BT 204.61 638.50 Td (vocal ) Tj ET Q q 0 0 0 rg BT 229.98 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.70 638.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 288.54 638.50 Td (with ) Tj ET Q q 0 0 0 rg BT 308.36 638.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 343.18 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 353.55 638.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 385.04 638.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 425.42 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 435.24 638.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 486.18 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.90 638.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 531.94 638.50 Td (Blanco ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 626.50 Td (particular) Tj ET Q q 0 0 0 rg BT 100.47 626.50 Td (. ) Tj ET Q q 0 0 0 rg BT 105.69 626.50 Td (These ) Tj ET Q q 0 0 0 rg BT 136.10 626.50 Td (communities ) Tj ET Q q 0 0 0 rg BT 194.84 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 214.14 626.50 Td (NGOs ) Tj ET Q q 0 0 0 rg BT 244.53 626.50 Td (have ) Tj ET Q q 0 0 0 rg BT 268.83 626.50 Td (taken ) Tj ET Q q 0 0 0 rg BT 295.90 626.50 Td (such ) Tj ET Q q 0 0 0 rg BT 319.64 626.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 353.93 626.50 Td (as ) Tj ET Q q 0 0 0 rg BT 367.11 626.50 Td (protests, ) Tj ET Q q 0 0 0 rg BT 408.07 626.50 Td (road ) Tj ET Q q 0 0 0 rg BT 430.70 626.50 Td (closures, ) Tj ET Q q 0 0 0 rg BT 473.33 626.50 Td (work ) Tj ET Q q 0 0 0 rg BT 497.05 626.50 Td (stoppages ) Tj ET Q q 0 0 0 rg BT 545.81 626.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (initiating ) Tj ET Q q 0 0 0 rg BT 89.91 614.50 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 129.20 614.50 Td (for ) Tj ET Q q 0 0 0 rg BT 144.60 614.50 Td (damages. ) Tj ET Q q 0 0 0 rg BT 192.24 614.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 220.96 614.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 255.26 614.50 Td (has ) Tj ET Q q 0 0 0 rg BT 275.11 614.50 Td (also ) Tj ET Q q 0 0 0 rg BT 297.18 614.50 Td (triggered ) Tj ET Q q 0 0 0 rg BT 340.37 614.50 Td (opposition ) Tj ET Q q 0 0 0 rg BT 389.69 614.50 Td (in ) Tj ET Q q 0 0 0 rg BT 401.19 614.50 Td (El ) Tj ET Q q 0 0 0 rg BT 413.81 614.50 Td (Salvador ) Tj ET Q q 0 0 0 rg BT 457.00 614.50 Td (on ) Tj ET Q q 0 0 0 rg BT 471.85 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 489.47 614.50 Td (belief ) Tj ET Q q 0 0 0 rg BT 517.10 614.50 Td (that ) Tj ET Q q 0 0 0 rg BT 537.50 614.50 Td (Cerro ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 82.16 602.50 Td (poses ) Tj ET Q q 0 0 0 rg BT 110.92 602.50 Td (threats ) Tj ET Q q 0 0 0 rg BT 143.57 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 153.99 602.50 Td (Lake ) Tj ET Q q 0 0 0 rg BT 177.75 602.50 Td (Guija ) Tj ET Q q 0 0 0 rg BT 203.18 602.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.94 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 237.92 602.50 Td (rivers ) Tj ET Q q 0 0 0 rg BT 264.45 602.50 Td (which ) Tj ET Q q 0 0 0 rg BT 292.09 602.50 Td (are ) Tj ET Q q 0 0 0 rg BT 308.63 602.50 Td (located ) Tj ET Q q 0 0 0 rg BT 342.95 602.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.81 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 368.79 602.50 Td (border ) Tj ET Q q 0 0 0 rg BT 399.78 602.50 Td (region ) Tj ET Q q 0 0 0 rg BT 429.66 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 440.08 602.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 491.07 602.50 Td (and ) Tj ET Q q 0 0 0 rg BT 509.84 602.50 Td (El ) Tj ET Q q 0 0 0 rg BT 520.81 602.50 Td (Salvador) Tj ET Q q 0 0 0 rg BT 559.72 602.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (These ) Tj ET Q q 0 0 0 rg BT 79.98 590.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 114.35 590.50 Td (relate ) Tj ET Q q 0 0 0 rg BT 142.05 590.50 Td (not ) Tj ET Q q 0 0 0 rg BT 158.63 590.50 Td (only ) Tj ET Q q 0 0 0 rg BT 179.66 590.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.69 590.50 Td (current ) Tj ET Q q 0 0 0 rg BT 224.49 590.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 265.52 590.50 Td (but ) Tj ET Q q 0 0 0 rg BT 282.11 590.50 Td (often ) Tj ET Q q 0 0 0 rg BT 307.03 590.50 Td (in ) Tj ET Q q 0 0 0 rg BT 317.50 590.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 352.98 590.50 Td (to ) Tj ET Q q 0 0 0 rg BT 364.00 590.50 Td (decades-old ) Tj ET Q q 0 0 0 rg BT 421.17 590.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 453.31 590.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 494.34 590.50 Td (by ) Tj ET Q q 0 0 0 rg BT 507.59 590.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 530.28 590.50 Td (owners ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.47 578.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 94.56 578.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 145.44 578.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 171.87 578.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 207.19 578.50 Td (by ) Tj ET Q q 0 0 0 rg BT 221.38 578.50 Td (communities ) Tj ET Q q 0 0 0 rg BT 281.14 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 301.46 578.50 Td (NGOs ) Tj ET Q q 0 0 0 rg BT 332.87 578.50 Td (may ) Tj ET Q q 0 0 0 rg BT 355.39 578.50 Td (have ) Tj ET Q q 0 0 0 rg BT 380.71 578.50 Td (a ) Tj ET Q q 0 0 0 rg BT 389.91 578.50 Td (material ) Tj ET Q q 0 0 0 rg BT 429.10 578.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 468.31 578.50 Td (ef) Tj ET Q q 0 0 0 rg BT 476.47 578.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 496.22 578.50 Td (on ) Tj ET Q q 0 0 0 rg BT 510.98 578.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 557.50 578.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 100.44 566.50 Td (at ) Tj ET Q q 0 0 0 rg BT 113.03 566.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 142.28 566.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 177.10 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 198.03 566.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 221.16 566.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 277.65 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 298.58 566.50 Td (on ) Tj ET Q q 0 0 0 rg BT 313.95 566.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 360.47 566.50 Td (s ) Tj ET Q q 0 0 0 rg BT 369.71 566.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.65 566.50 Td (position, ) Tj ET Q q 0 0 0 rg BT 452.14 566.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 477.51 566.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 499.54 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 520.46 566.50 Td (results ) Tj ET Q q 0 0 0 rg BT 554.16 566.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (operations. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 107.29 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 119.51 530.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 185.08 530.50 Td (Projects) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (Mine ) Tj ET Q q 0 0 0 rg BT 74.46 506.50 Td (development ) Tj ET Q q 0 0 0 rg BT 135.00 506.50 Td (projects, ) Tj ET Q q 0 0 0 rg BT 176.07 506.50 Td (including ) Tj ET Q q 0 0 0 rg BT 218.83 506.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 247.11 506.50 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 283.75 506.50 Td (require ) Tj ET Q q 0 0 0 rg BT 318.16 506.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 365.91 506.50 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 426.45 506.50 Td (during ) Tj ET Q q 0 0 0 rg BT 457.53 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 474.72 506.50 Td (development ) Tj ET Q q 0 0 0 rg BT 535.26 506.50 Td (phase ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (before ) Tj ET Q q 0 0 0 rg BT 80.26 494.50 Td (production ) Tj ET Q q 0 0 0 rg BT 129.36 494.50 Td (is ) Tj ET Q q 0 0 0 rg BT 138.99 494.50 Td (possible. ) Tj ET Q q 0 0 0 rg BT 180.86 494.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 242.18 494.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 279.60 494.50 Td (are ) Tj ET Q q 0 0 0 rg BT 296.46 494.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 330.55 494.50 Td (to ) Tj ET Q q 0 0 0 rg BT 341.29 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 357.60 494.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 408.36 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.10 494.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 468.19 494.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 511.72 494.50 Td (studies ) Tj ET Q q 0 0 0 rg BT 545.81 494.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 114.78 482.50 Td (assessments, ) Tj ET Q q 0 0 0 rg BT 178.37 482.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 220.30 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 482.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 279.15 482.50 Td (governmental ) Tj ET Q q 0 0 0 rg BT 342.20 482.50 Td (permits ) Tj ET Q q 0 0 0 rg BT 377.45 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 396.59 482.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 445.19 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 455.99 482.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 500.17 482.50 Td (financing. ) Tj ET Q q 0 0 0 rg BT 545.28 482.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 96.71 470.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 142.24 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.99 470.50 Td (development ) Tj ET Q q 0 0 0 rg BT 216.66 470.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 256.08 470.50 Td (is ) Tj ET Q q 0 0 0 rg BT 267.71 470.50 Td (based ) Tj ET Q q 0 0 0 rg BT 299.36 470.50 Td (on ) Tj ET Q q 0 0 0 rg BT 314.89 470.50 Td (many ) Tj ET Q q 0 0 0 rg BT 343.75 470.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 378.17 470.50 Td (such ) Tj ET Q q 0 0 0 rg BT 403.70 470.50 Td (as: ) Tj ET Q q 0 0 0 rg BT 421.45 470.50 Td (estimation ) Tj ET Q q 0 0 0 rg BT 471.43 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 484.18 470.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 521.38 470.50 Td (reserves, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 99.38 458.50 Td (metallurgical ) Tj ET Q q 0 0 0 rg BT 157.02 458.50 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 207.43 458.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 271.75 458.50 Td (considerations ) Tj ET Q q 0 0 0 rg BT 337.74 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 355.94 458.50 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 404.13 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.32 458.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 472.20 458.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.62 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 520.81 458.50 Td (operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 75.78 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 87.06 446.50 Td (these ) Tj ET Q q 0 0 0 rg BT 114.46 446.50 Td (projects. ) Tj ET Q q 0 0 0 rg BT 155.19 446.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 217.05 446.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 255.00 446.50 Td (are ) Tj ET Q q 0 0 0 rg BT 272.39 446.50 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 316.47 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 336.09 446.50 Td (it ) Tj ET Q q 0 0 0 rg BT 344.03 446.50 Td (is ) Tj ET Q q 0 0 0 rg BT 354.19 446.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 393.82 446.50 Td (that ) Tj ET Q q 0 0 0 rg BT 413.44 446.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 443.06 446.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 474.91 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 494.53 446.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 539.17 446.50 Td (costs ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.98 434.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 116.58 434.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 151.50 434.50 Td (will ) Tj ET Q q 0 0 0 rg BT 169.18 434.50 Td (dif) Tj ET Q q 0 0 0 rg BT 179.56 434.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 195.03 434.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 250.52 434.50 Td (from ) Tj ET Q q 0 0 0 rg BT 274.31 434.50 Td (those ) Tj ET Q q 0 0 0 rg BT 302.57 434.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 349.73 434.50 Td (for ) Tj ET Q q 0 0 0 rg BT 365.19 434.50 Td (a ) Tj ET Q q 0 0 0 rg BT 374.55 434.50 Td (project ) Tj ET Q q 0 0 0 rg BT 408.36 434.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 432.17 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 444.30 434.50 Td (production. ) Tj ET Q q 0 0 0 rg BT 497.58 434.50 Td (Particularly ) Tj ET Q q 0 0 0 rg BT 550.83 434.50 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (development ) Tj ET Q q 0 0 0 rg BT 110.09 422.50 Td (projects, ) Tj ET Q q 0 0 0 rg BT 151.21 422.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 197.34 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 209.01 422.50 Td (proven ) Tj ET Q q 0 0 0 rg BT 242.92 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 262.93 422.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 305.18 422.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 341.30 422.50 Td (reserves ) Tj ET Q q 0 0 0 rg BT 382.98 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.99 422.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.44 422.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.47 422.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 499.15 422.50 Td (are, ) Tj ET Q q 0 0 0 rg BT 519.71 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 531.38 422.50 Td (a ) Tj ET Q q 0 0 0 rg BT 540.27 422.50 Td (large ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (extent, ) Tj ET Q q 0 0 0 rg BT 82.71 410.50 Td (based ) Tj ET Q q 0 0 0 rg BT 113.14 410.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 138.58 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 155.67 410.50 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 217.22 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.75 410.50 Td (geologic ) Tj ET Q q 0 0 0 rg BT 269.19 410.50 Td (data ) Tj ET Q q 0 0 0 rg BT 291.84 410.50 Td (obtained ) Tj ET Q q 0 0 0 rg BT 333.40 410.50 Td (from ) Tj ET Q q 0 0 0 rg BT 356.58 410.50 Td (drill ) Tj ET Q q 0 0 0 rg BT 375.33 410.50 Td (holes ) Tj ET Q q 0 0 0 rg BT 402.42 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.30 410.50 Td (other ) Tj ET Q q 0 0 0 rg BT 448.28 410.50 Td (sampling ) Tj ET Q q 0 0 0 rg BT 491.48 410.50 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 545.82 410.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 93.37 398.50 Td (studies ) Tj ET Q q 0 0 0 rg BT 127.79 398.50 Td (that ) Tj ET Q q 0 0 0 rg BT 147.21 398.50 Td (derive ) Tj ET Q q 0 0 0 rg BT 177.19 398.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 222.72 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 233.80 398.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.67 398.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.11 398.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 328.19 398.50 Td (based ) Tj ET Q q 0 0 0 rg BT 358.17 398.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 383.16 398.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 434.27 398.50 Td (tonnage ) Tj ET Q q 0 0 0 rg BT 473.16 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 492.58 398.50 Td (grades ) Tj ET Q q 0 0 0 rg BT 525.90 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 536.98 398.50 Td (ore ) Tj ET Q q 0 0 0 rg BT 554.17 398.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (be ) Tj ET Q q 0 0 0 rg BT 63.07 386.50 Td (mined ) Tj ET Q q 0 0 0 rg BT 92.75 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 111.88 386.50 Td (processed, ) Tj ET Q q 0 0 0 rg BT 163.24 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.59 386.50 Td (configuration ) Tj ET Q q 0 0 0 rg BT 239.30 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 250.08 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 266.43 386.50 Td (ore ) Tj ET Q q 0 0 0 rg BT 283.33 386.50 Td (body) Tj ET Q q 0 0 0 rg BT 304.27 386.50 Td (, ) Tj ET Q q 0 0 0 rg BT 309.50 386.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 352.53 386.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 393.32 386.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 417.99 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 428.78 386.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 460.68 386.50 Td (from ) Tj ET Q q 0 0 0 rg BT 483.13 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 499.47 386.50 Td (ore, ) Tj ET Q q 0 0 0 rg BT 519.15 386.50 Td (estimated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 95.00 374.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 124.92 374.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 177.09 374.50 Td (climatic ) Tj ET Q q 0 0 0 rg BT 214.23 374.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 263.06 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 283.54 374.50 Td (other ) Tj ET Q q 0 0 0 rg BT 310.14 374.50 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.97 374.50 Td (As ) Tj ET Q q 0 0 0 rg BT 361.44 374.50 Td (a ) Tj ET Q q 0 0 0 rg BT 370.81 374.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 401.84 374.50 Td (it ) Tj ET Q q 0 0 0 rg BT 410.64 374.50 Td (is ) Tj ET Q q 0 0 0 rg BT 421.66 374.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 462.15 374.50 Td (that ) Tj ET Q q 0 0 0 rg BT 482.63 374.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 513.12 374.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 545.83 374.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 95.45 362.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 123.04 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 143.97 362.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 191.02 362.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 226.39 362.50 Td (will ) Tj ET Q q 0 0 0 rg BT 244.52 362.50 Td (dif) Tj ET Q q 0 0 0 rg BT 254.90 362.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 270.82 362.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 326.76 362.50 Td (from ) Tj ET Q q 0 0 0 rg BT 351.01 362.50 Td (those ) Tj ET Q q 0 0 0 rg BT 379.72 362.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 422.31 362.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 469.92 362.50 Td (for ) Tj ET Q q 0 0 0 rg BT 485.83 362.50 Td (a ) Tj ET Q q 0 0 0 rg BT 495.64 362.50 Td (project ) Tj ET Q q 0 0 0 rg BT 529.91 362.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.16 362.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (production. ) Tj ET Q q 0 0 0 rg BT 101.00 350.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 120.75 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.61 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.04 350.50 Td (following ) Tj ET Q q 0 0 0 rg BT 189.47 350.50 Td (events, ) Tj ET Q q 0 0 0 rg BT 224.23 350.50 Td (among ) Tj ET Q q 0 0 0 rg BT 257.33 350.50 Td (others, ) Tj ET Q q 0 0 0 rg BT 290.42 350.50 Td (could ) Tj ET Q q 0 0 0 rg BT 316.85 350.50 Td (af) Tj ET Q q 0 0 0 rg BT 325.01 350.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 343.65 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.08 350.50 Td (profitability ) Tj ET Q q 0 0 0 rg BT 410.40 350.50 Td (or ) Tj ET Q q 0 0 0 rg BT 421.81 350.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 467.13 350.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 510.78 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 521.64 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 529.72 350.50 Td (project: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 110.48 338.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 149.77 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 159.04 338.50 Td (grade ) Tj ET Q q 0 0 0 rg BT 186.10 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 204.27 338.50 Td (tons ) Tj ET Q q 0 0 0 rg BT 224.66 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.48 338.50 Td (ore ) Tj ET Q q 0 0 0 rg BT 250.42 338.50 Td (to ) Tj ET Q q 0 0 0 rg BT 260.25 338.50 Td (be ) Tj ET Q q 0 0 0 rg BT 272.85 338.50 Td (mined ) Tj ET Q q 0 0 0 rg BT 301.58 338.50 Td (and ) Tj ET Q q 0 0 0 rg BT 319.75 338.50 Td (processed, ) Tj ET Q q 0 0 0 rg BT 370.15 338.50 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 431.13 338.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 468.19 338.50 Td (geological ) Tj ET Q q 0 0 0 rg BT 514.71 338.50 Td (conditions, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 110.98 326.50 Td (metallurgical ) Tj ET Q q 0 0 0 rg BT 169.10 326.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 209.43 326.50 Td (problems, ) Tj ET Q q 0 0 0 rg BT 255.33 326.50 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 295.66 326.50 Td (data ) Tj ET Q q 0 0 0 rg BT 317.11 326.50 Td (on ) Tj ET Q q 0 0 0 rg BT 330.22 326.50 Td (which ) Tj ET Q q 0 0 0 rg BT 357.77 326.50 Td (engineering ) Tj ET Q q 0 0 0 rg BT 412.02 326.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 470.15 326.50 Td (are ) Tj ET Q q 0 0 0 rg BT 486.59 326.50 Td (made, ) Tj ET Q q 0 0 0 rg BT 516.37 326.50 Td (availability ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.83 314.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 94.81 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.80 314.50 Td (labour) Tj ET Q q 0 0 0 rg BT 133.04 314.50 Td (, ) Tj ET Q q 0 0 0 rg BT 138.46 314.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.45 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.43 314.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 226.44 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 245.76 314.50 Td (refining ) Tj ET Q q 0 0 0 rg BT 281.21 314.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 322.20 314.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 370.97 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 381.96 314.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 427.40 314.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 465.06 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 476.04 314.50 Td (power) Tj ET Q q 0 0 0 rg BT 502.73 314.50 Td (, ) Tj ET Q q 0 0 0 rg BT 508.15 314.50 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 554.16 314.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (water ) Tj ET Q q 0 0 0 rg BT 76.84 302.50 Td (supply) Tj ET Q q 0 0 0 rg BT 105.00 302.50 Td (, ) Tj ET Q q 0 0 0 rg BT 110.66 302.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 159.68 302.50 Td (of ) Tj ET Q q 0 0 0 rg BT 170.91 302.50 Td (surface ) Tj ET Q q 0 0 0 rg BT 206.58 302.50 Td (on ) Tj ET Q q 0 0 0 rg BT 220.59 302.50 Td (which ) Tj ET Q q 0 0 0 rg BT 249.04 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 260.26 302.50 Td (locate ) Tj ET Q q 0 0 0 rg BT 289.83 302.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 341.08 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.65 302.50 Td (refining ) Tj ET Q q 0 0 0 rg BT 396.33 302.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 437.56 302.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 482.15 302.50 Td (access ) Tj ET Q q 0 0 0 rg BT 516.16 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.38 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 302.50 Td (site, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 113.03 290.50 Td (transportation ) Tj ET Q q 0 0 0 rg BT 178.21 290.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 208.37 290.50 Td (government ) Tj ET Q q 0 0 0 rg BT 265.21 290.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 318.17 290.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 365.01 290.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 417.97 290.50 Td (with ) Tj ET Q q 0 0 0 rg BT 439.79 290.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.62 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 489.00 290.50 Td (prices, ) Tj ET Q q 0 0 0 rg BT 522.49 290.50 Td (royalties, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (duties, ) Tj ET Q q 0 0 0 rg BT 81.74 278.50 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 111.19 278.50 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 160.65 278.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 211.77 278.50 Td (on ) Tj ET Q q 0 0 0 rg BT 225.67 278.50 Td (production, ) Tj ET Q q 0 0 0 rg BT 277.92 278.50 Td (quotas ) Tj ET Q q 0 0 0 rg BT 310.72 278.50 Td (on ) Tj ET Q q 0 0 0 rg BT 324.62 278.50 Td (exportation ) Tj ET Q q 0 0 0 rg BT 376.87 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 387.98 278.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 428.54 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 448.00 278.50 Td (environment\), ) Tj ET Q q 0 0 0 rg BT 511.92 278.50 Td (fluctuations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.35 266.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 90.86 266.50 Td (prices, ) Tj ET Q q 0 0 0 rg BT 122.38 266.50 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 169.47 266.50 Td (labour ) Tj ET Q q 0 0 0 rg BT 199.33 266.50 Td (actions, ) Tj ET Q q 0 0 0 rg BT 235.86 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 251.82 266.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 300.02 266.50 Td (and ) Tj ET Q q 0 0 0 rg BT 318.76 266.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 355.29 266.50 Td (of ) Tj ET Q q 0 0 0 rg BT 365.69 266.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 396.09 266.50 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 447.63 266.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 496.38 266.50 Td (commissioning ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.37 254.50 Td (start-up ) Tj ET Q q 0 0 0 rg BT 106.46 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.99 254.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 170.66 254.50 Td (including ) Tj ET Q q 0 0 0 rg BT 213.32 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 230.41 254.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 290.29 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 301.82 254.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 345.60 254.50 Td (mill ) Tj ET Q q 0 0 0 rg BT 363.78 254.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 405.31 254.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 430.73 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 450.61 254.50 Td (force-majeure ) Tj ET Q q 0 0 0 rg BT 515.48 254.50 Td (events. ) Tj ET Q q 0 0 0 rg BT 550.28 254.50 Td (An ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 94.66 242.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 112.56 242.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 162.72 242.50 Td (with ) Tj ET Q q 0 0 0 rg BT 182.85 242.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 210.21 242.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 243.13 242.50 Td (is ) Tj ET Q q 0 0 0 rg BT 252.71 242.50 Td (hot ) Tj ET Q q 0 0 0 rg BT 268.96 242.50 Td (water ) Tj ET Q q 0 0 0 rg BT 295.76 242.50 Td (management ) Tj ET Q q 0 0 0 rg BT 356.48 242.50 Td (that ) Tj ET Q q 0 0 0 rg BT 375.51 242.50 Td (will ) Tj ET Q q 0 0 0 rg BT 391.74 242.50 Td (be ) Tj ET Q q 0 0 0 rg BT 405.22 242.50 Td (encountered ) Tj ET Q q 0 0 0 rg BT 463.17 242.50 Td (in ) Tj ET Q q 0 0 0 rg BT 473.30 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 489.55 242.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 513.57 242.50 Td (dewatering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (ef) Tj ET Q q 0 0 0 rg BT 57.66 230.50 Td (fort.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (It ) Tj ET Q q 0 0 0 rg BT 58.03 206.50 Td (is ) Tj ET Q q 0 0 0 rg BT 68.22 206.50 Td (not ) Tj ET Q q 0 0 0 rg BT 85.09 206.50 Td (unusual ) Tj ET Q q 0 0 0 rg BT 123.09 206.50 Td (in ) Tj ET Q q 0 0 0 rg BT 133.84 206.50 Td (new ) Tj ET Q q 0 0 0 rg BT 155.16 206.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 187.58 206.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 237.25 206.50 Td (to ) Tj ET Q q 0 0 0 rg BT 248.56 206.50 Td (experience ) Tj ET Q q 0 0 0 rg BT 300.45 206.50 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 355.13 206.50 Td (problems ) Tj ET Q q 0 0 0 rg BT 399.23 206.50 Td (during ) Tj ET Q q 0 0 0 rg BT 430.00 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 446.87 206.50 Td (start-up ) Tj ET Q q 0 0 0 rg BT 483.74 206.50 Td (phase ) Tj ET Q q 0 0 0 rg BT 513.95 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 533.61 206.50 Td (delays ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (can ) Tj ET Q q 0 0 0 rg BT 67.80 194.50 Td (often ) Tj ET Q q 0 0 0 rg BT 92.22 194.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 118.85 194.50 Td (at ) Tj ET Q q 0 0 0 rg BT 129.37 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 145.45 194.50 Td (start ) Tj ET Q q 0 0 0 rg BT 167.08 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 177.60 194.50 Td (production. ) Tj ET Q q 0 0 0 rg BT 229.25 194.50 Td (It ) Tj ET Q q 0 0 0 rg BT 236.99 194.50 Td (is ) Tj ET Q q 0 0 0 rg BT 246.39 194.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 270.79 194.50 Td (that ) Tj ET Q q 0 0 0 rg BT 289.65 194.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 318.52 194.50 Td (results ) Tj ET Q q 0 0 0 rg BT 350.15 194.50 Td (for ) Tj ET Q q 0 0 0 rg BT 364.00 194.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 391.18 194.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 423.94 194.50 Td (will ) Tj ET Q q 0 0 0 rg BT 440.00 194.50 Td (dif) Tj ET Q q 0 0 0 rg BT 450.38 194.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 464.23 194.50 Td (from ) Tj ET Q q 0 0 0 rg BT 486.41 194.50 Td (current ) Tj ET Q q 0 0 0 rg BT 519.71 194.50 Td (estimates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.46 182.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 128.88 182.50 Td (described ) Tj ET Q q 0 0 0 rg BT 175.52 182.50 Td (in ) Tj ET Q q 0 0 0 rg BT 186.59 182.50 Td (the ) Tj ET Q q 0 0 0 rg BT 203.77 182.50 Td (Company) Tj ET Q q 0 0 0 rg BT 248.61 182.50 Td (s ) Tj ET Q q 0 0 0 rg BT 256.89 182.50 Td (PEA, ) Tj ET Q q 0 0 0 rg BT 282.96 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 302.92 182.50 Td (these ) Tj ET Q q 0 0 0 rg BT 330.66 182.50 Td (dif) Tj ET Q q 0 0 0 rg BT 341.04 182.50 Td (ferences ) Tj ET Q q 0 0 0 rg BT 382.68 182.50 Td (may ) Tj ET Q q 0 0 0 rg BT 404.85 182.50 Td (be ) Tj ET Q q 0 0 0 rg BT 419.25 182.50 Td (material. ) Tj ET Q q 0 0 0 rg BT 460.88 182.50 Td (In ) Tj ET Q q 0 0 0 rg BT 472.50 182.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 513.59 182.50 Td (experience ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (from ) Tj ET Q q 0 0 0 rg BT 72.20 170.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 101.58 170.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 133.74 170.50 Td (or ) Tj ET Q q 0 0 0 rg BT 145.33 170.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 196.39 170.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 245.79 170.50 Td (may ) Tj ET Q q 0 0 0 rg BT 267.38 170.50 Td (identify ) Tj ET Q q 0 0 0 rg BT 301.77 170.50 Td (new ) Tj ET Q q 0 0 0 rg BT 322.81 170.50 Td (or ) Tj ET Q q 0 0 0 rg BT 334.40 170.50 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 388.81 170.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 436.54 170.50 Td (that ) Tj ET Q q 0 0 0 rg BT 455.92 170.50 Td (could ) Tj ET Q q 0 0 0 rg BT 482.53 170.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 515.80 170.50 Td (production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (below) Tj ET Q q 0 0 0 rg BT 75.08 158.50 Td (, ) Tj ET Q q 0 0 0 rg BT 79.62 158.50 Td (or ) Tj ET Q q 0 0 0 rg BT 90.27 158.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.83 158.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 160.50 158.50 Td (or ) Tj ET Q q 0 0 0 rg BT 171.15 158.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.61 158.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.72 158.50 Td (above, ) Tj ET Q q 0 0 0 rg BT 271.50 158.50 Td (current ) Tj ET Q q 0 0 0 rg BT 304.39 158.50 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 351.72 158.50 Td (If ) Tj ET Q q 0 0 0 rg BT 359.04 158.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 387.49 158.50 Td (results ) Tj ET Q q 0 0 0 rg BT 418.70 158.50 Td (are ) Tj ET Q q 0 0 0 rg BT 434.92 158.50 Td (less ) Tj ET Q q 0 0 0 rg BT 454.46 158.50 Td (favourable ) Tj ET Q q 0 0 0 rg BT 502.92 158.50 Td (than ) Tj ET Q q 0 0 0 rg BT 524.15 158.50 Td (currently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (estimated, ) Tj ET Q q 0 0 0 rg BT 98.59 146.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 145.11 146.50 Td (s ) Tj ET Q q 0 0 0 rg BT 153.07 146.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 198.27 146.50 Td (results ) Tj ET Q q 0 0 0 rg BT 230.69 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 146.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 294.42 146.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.07 146.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 377.06 146.50 Td (and ) Tj ET Q q 0 0 0 rg BT 396.70 146.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 433.01 146.50 Td (could ) Tj ET Q q 0 0 0 rg BT 459.88 146.50 Td (be ) Tj ET Q q 0 0 0 rg BT 473.96 146.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 519.71 146.50 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 134.50 Td (af) Tj ET Q q 0 0 0 rg BT 57.66 134.50 Td (fected.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I15 Do Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (16) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 107.04 674.50 Td (in ) Tj ET Q q 0 0 0 rg BT 118.44 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.96 674.50 Td (market ) Tj ET Q q 0 0 0 rg BT 170.14 674.50 Td (price ) Tj ET Q q 0 0 0 rg BT 195.44 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 207.40 674.50 Td (gold, ) Tj ET Q q 0 0 0 rg BT 232.71 674.50 Td (silver ) Tj ET Q q 0 0 0 rg BT 259.66 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 279.97 674.50 Td (other ) Tj ET Q q 0 0 0 rg BT 306.38 674.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 339.45 674.50 Td (may ) Tj ET Q q 0 0 0 rg BT 361.97 674.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 417.28 674.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 463.69 674.50 Td (af) Tj ET Q q 0 0 0 rg BT 471.85 674.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 491.59 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 509.11 674.50 Td (value ) Tj ET Q q 0 0 0 rg BT 536.64 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.60 674.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 662.50 Td (s ) Tj ET Q q 0 0 0 rg BT 102.12 662.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 147.13 662.50 Td (and ) Tj ET Q q 0 0 0 rg BT 166.59 662.50 Td (the ) Tj ET Q q 0 0 0 rg BT 183.27 662.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 211.62 662.50 Td (of ) Tj ET Q q 0 0 0 rg BT 222.74 662.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.42 662.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.99 662.50 Td (to ) Tj ET Q q 0 0 0 rg BT 296.11 662.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 333.92 662.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 361.70 662.50 Td (Blanco. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.77 638.50 Td (value ) Tj ET Q q 0 0 0 rg BT 94.71 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.09 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 121.02 638.50 Td (Company) Tj ET Q q 0 0 0 rg BT 165.86 638.50 Td (s ) Tj ET Q q 0 0 0 rg BT 172.90 638.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 217.17 638.50 Td (may ) Tj ET Q q 0 0 0 rg BT 238.10 638.50 Td (be ) Tj ET Q q 0 0 0 rg BT 251.26 638.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 304.98 638.50 Td (af) Tj ET Q q 0 0 0 rg BT 313.14 638.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 342.42 638.50 Td (by ) Tj ET Q q 0 0 0 rg BT 355.02 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.96 638.50 Td (market ) Tj ET Q q 0 0 0 rg BT 403.55 638.50 Td (price ) Tj ET Q q 0 0 0 rg BT 427.26 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.64 638.50 Td (gold, ) Tj ET Q q 0 0 0 rg BT 461.36 638.50 Td (silver ) Tj ET Q q 0 0 0 rg BT 486.73 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 505.45 638.50 Td (other ) Tj ET Q q 0 0 0 rg BT 530.28 638.50 Td (metals, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (which ) Tj ET Q q 0 0 0 rg BT 78.58 626.50 Td (are ) Tj ET Q q 0 0 0 rg BT 96.55 626.50 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 132.30 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 152.50 626.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 187.70 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 199.56 626.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 250.89 626.50 Td (price ) Tj ET Q q 0 0 0 rg BT 276.08 626.50 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 332.96 626.50 Td (Market ) Tj ET Q q 0 0 0 rg BT 367.04 626.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 397.23 626.50 Td (can ) Tj ET Q q 0 0 0 rg BT 416.87 626.50 Td (be ) Tj ET Q q 0 0 0 rg BT 431.51 626.50 Td (af) Tj ET Q q 0 0 0 rg BT 439.67 626.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 470.43 626.50 Td (by ) Tj ET Q q 0 0 0 rg BT 484.51 626.50 Td (numerous ) Tj ET Q q 0 0 0 rg BT 532.50 626.50 Td (factors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 83.95 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 99.49 614.50 Td (Company) Tj ET Q q 0 0 0 rg BT 144.33 614.50 Td (s ) Tj ET Q q 0 0 0 rg BT 150.97 614.50 Td (control, ) Tj ET Q q 0 0 0 rg BT 185.40 614.50 Td (including ) Tj ET Q q 0 0 0 rg BT 226.51 614.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 253.72 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 263.70 614.50 Td (supply ) Tj ET Q q 0 0 0 rg BT 294.25 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.57 614.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 350.35 614.50 Td (for ) Tj ET Q q 0 0 0 rg BT 363.66 614.50 Td (a ) Tj ET Q q 0 0 0 rg BT 370.86 614.50 Td (broad ) Tj ET Q q 0 0 0 rg BT 398.08 614.50 Td (range ) Tj ET Q q 0 0 0 rg BT 425.29 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.27 614.50 Td (industrial ) Tj ET Q q 0 0 0 rg BT 476.93 614.50 Td (products, ) Tj ET Q q 0 0 0 rg BT 519.71 614.50 Td (economic ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 82.05 602.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 106.81 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.68 602.50 Td (various ) Tj ET Q q 0 0 0 rg BT 152.45 602.50 Td (international ) Tj ET Q q 0 0 0 rg BT 209.46 602.50 Td (economies, ) Tj ET Q q 0 0 0 rg BT 263.13 602.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 321.81 602.50 Td (with ) Tj ET Q q 0 0 0 rg BT 342.12 602.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 377.45 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 388.32 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.75 602.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 424.51 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.38 602.50 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 475.16 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 491.59 602.50 Td (relative ) Tj ET Q q 0 0 0 rg BT 526.36 602.50 Td (strength ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 590.50 Td (various ) Tj ET Q q 0 0 0 rg BT 95.47 590.50 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 147.08 590.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.57 590.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 210.28 590.50 Td (speculative ) Tj ET Q q 0 0 0 rg BT 263.00 590.50 Td (activities, ) Tj ET Q q 0 0 0 rg BT 306.83 590.50 Td (global ) Tj ET Q q 0 0 0 rg BT 336.21 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 347.80 590.50 Td (regional ) Tj ET Q q 0 0 0 rg BT 386.08 590.50 Td (political ) Tj ET Q q 0 0 0 rg BT 422.13 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 433.72 590.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 479.22 590.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 545.82 590.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 75.62 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 87.29 578.50 Td (purchases ) Tj ET Q q 0 0 0 rg BT 136.21 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 147.33 578.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 169.01 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 188.47 578.50 Td (silver ) Tj ET Q q 0 0 0 rg BT 214.59 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 226.26 578.50 Td (other ) Tj ET Q q 0 0 0 rg BT 251.83 578.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 284.06 578.50 Td (by ) Tj ET Q q 0 0 0 rg BT 297.40 578.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 332.98 578.50 Td (in ) Tj ET Q q 0 0 0 rg BT 343.54 578.50 Td (response ) Tj ET Q q 0 0 0 rg BT 387.45 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 398.57 578.50 Td (such ) Tj ET Q q 0 0 0 rg BT 422.47 578.50 Td (factors. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 99.52 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 111.74 554.50 Td (Mineral ) Tj ET Q q 0 0 0 rg BT 149.53 554.50 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 196.79 554.50 Td (and ) Tj ET Q q 0 0 0 rg BT 217.35 554.50 Td (Resources) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.16 530.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 104.37 530.50 Td (resources ) Tj ET Q q 0 0 0 rg BT 150.71 530.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 195.93 530.50 Td (described ) Tj ET Q q 0 0 0 rg BT 241.71 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 251.92 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.25 530.50 Td (Company) Tj ET Q q 0 0 0 rg BT 313.09 530.50 Td (s ) Tj ET Q q 0 0 0 rg BT 320.52 530.50 Td (PEA) Tj ET Q q 0 0 0 rg BT 339.97 530.50 Td ( ) Tj ET Q q 0 0 0 rg BT 342.40 530.50 Td (are ) Tj ET Q q 0 0 0 rg BT 359.28 530.50 Td (only ) Tj ET Q q 0 0 0 rg BT 380.05 530.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 425.27 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 444.38 530.50 Td (no ) Tj ET Q q 0 0 0 rg BT 457.93 530.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 506.50 530.50 Td (can ) Tj ET Q q 0 0 0 rg BT 525.05 530.50 Td (be ) Tj ET Q q 0 0 0 rg BT 538.60 530.50 Td (given ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (that ) Tj ET Q q 0 0 0 rg BT 69.07 518.50 Td (any ) Tj ET Q q 0 0 0 rg BT 88.09 518.50 Td (particular ) Tj ET Q q 0 0 0 rg BT 132.12 518.50 Td (level ) Tj ET Q q 0 0 0 rg BT 155.58 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 166.81 518.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 208.05 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.29 518.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 259.97 518.50 Td (will ) Tj ET Q q 0 0 0 rg BT 276.75 518.50 Td (be ) Tj ET Q q 0 0 0 rg BT 290.77 518.50 Td (realized ) Tj ET Q q 0 0 0 rg BT 328.68 518.50 Td (or ) Tj ET Q q 0 0 0 rg BT 340.47 518.50 Td (that ) Tj ET Q q 0 0 0 rg BT 360.05 518.50 Td (an ) Tj ET Q q 0 0 0 rg BT 374.06 518.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 416.99 518.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 452.67 518.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 494.47 518.50 Td (will ) Tj ET Q q 0 0 0 rg BT 511.25 518.50 Td (ever ) Tj ET Q q 0 0 0 rg BT 533.60 518.50 Td (qualify ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (as ) Tj ET Q q 0 0 0 rg BT 62.73 506.50 Td (a ) Tj ET Q q 0 0 0 rg BT 70.97 506.50 Td (commercially ) Tj ET Q q 0 0 0 rg BT 131.98 506.50 Td (mine-able ) Tj ET Q q 0 0 0 rg BT 178.56 506.50 Td (\(or ) Tj ET Q q 0 0 0 rg BT 193.46 506.50 Td (viable\) ) Tj ET Q q 0 0 0 rg BT 225.59 506.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 260.51 506.50 Td (which ) Tj ET Q q 0 0 0 rg BT 288.75 506.50 Td (can ) Tj ET Q q 0 0 0 rg BT 307.54 506.50 Td (be ) Tj ET Q q 0 0 0 rg BT 321.34 506.50 Td (legally ) Tj ET Q q 0 0 0 rg BT 352.36 506.50 Td (and ) Tj ET Q q 0 0 0 rg BT 371.71 506.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 432.19 506.50 Td (exploited. ) Tj ET Q q 0 0 0 rg BT 477.67 506.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 524.82 506.50 Td (relies ) Tj ET Q q 0 0 0 rg BT 551.39 506.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (laboratory-based ) Tj ET Q q 0 0 0 rg BT 128.19 494.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 170.18 494.50 Td (models ) Tj ET Q q 0 0 0 rg BT 206.06 494.50 Td (to ) Tj ET Q q 0 0 0 rg BT 218.05 494.50 Td (project ) Tj ET Q q 0 0 0 rg BT 251.71 494.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 298.71 494.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 337.37 494.50 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 387.15 494.50 Td (by ) Tj ET Q q 0 0 0 rg BT 401.36 494.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 437.79 494.50 Td (type. ) Tj ET Q q 0 0 0 rg BT 462.39 494.50 Td (Actual ) Tj ET Q q 0 0 0 rg BT 493.83 494.50 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 543.61 494.50 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (exceed ) Tj ET Q q 0 0 0 rg BT 84.72 482.50 Td (or ) Tj ET Q q 0 0 0 rg BT 96.58 482.50 Td (fall ) Tj ET Q q 0 0 0 rg BT 112.34 482.50 Td (short ) Tj ET Q q 0 0 0 rg BT 137.54 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 148.85 482.50 Td (projected ) Tj ET Q q 0 0 0 rg BT 192.96 482.50 Td (laboratory ) Tj ET Q q 0 0 0 rg BT 240.40 482.50 Td (test ) Tj ET Q q 0 0 0 rg BT 259.49 482.50 Td (results. ) Tj ET Q q 0 0 0 rg BT 294.70 482.50 Td (In ) Tj ET Q q 0 0 0 rg BT 306.01 482.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 346.79 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.66 482.50 Td (grade ) Tj ET Q q 0 0 0 rg BT 392.21 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.52 482.50 Td (mineralization ) Tj ET Q q 0 0 0 rg BT 468.19 482.50 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 513.40 482.50 Td (mined ) Tj ET Q q 0 0 0 rg BT 543.61 482.50 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (dif) Tj ET Q q 0 0 0 rg BT 59.88 470.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 74.38 470.50 Td (from ) Tj ET Q q 0 0 0 rg BT 97.22 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.95 470.50 Td (one ) Tj ET Q q 0 0 0 rg BT 133.47 470.50 Td (indicated ) Tj ET Q q 0 0 0 rg BT 176.33 470.50 Td (by ) Tj ET Q q 0 0 0 rg BT 189.72 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 206.46 470.50 Td (drilling ) Tj ET Q q 0 0 0 rg BT 238.19 470.50 Td (results ) Tj ET Q q 0 0 0 rg BT 270.48 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 289.99 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.73 470.50 Td (dif) Tj ET Q q 0 0 0 rg BT 317.11 470.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 353.29 470.50 Td (may ) Tj ET Q q 0 0 0 rg BT 375.02 470.50 Td (be ) Tj ET Q q 0 0 0 rg BT 388.97 470.50 Td (material. ) Tj ET Q q 0 0 0 rg BT 430.15 470.50 Td (Production ) Tj ET Q q 0 0 0 rg BT 480.79 470.50 Td (can ) Tj ET Q q 0 0 0 rg BT 499.75 470.50 Td (be ) Tj ET Q q 0 0 0 rg BT 513.70 470.50 Td (af) Tj ET Q q 0 0 0 rg BT 521.86 470.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 551.94 470.50 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (such ) Tj ET Q q 0 0 0 rg BT 75.87 458.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 111.13 458.50 Td (as ) Tj ET Q q 0 0 0 rg BT 126.94 458.50 Td (permitting ) Tj ET Q q 0 0 0 rg BT 176.10 458.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 230.27 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 458.50 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 318.59 458.50 Td (weather) Tj ET Q q 0 0 0 rg BT 353.61 458.50 Td (, ) Tj ET Q q 0 0 0 rg BT 361.64 458.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 429.70 458.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 467.74 458.50 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 523.03 458.50 Td (technical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (dif) Tj ET Q q 0 0 0 rg BT 59.88 446.50 Td (ficulties, ) Tj ET Q q 0 0 0 rg BT 98.14 446.50 Td (unusual ) Tj ET Q q 0 0 0 rg BT 135.31 446.50 Td (or ) Tj ET Q q 0 0 0 rg BT 146.34 446.50 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 200.19 446.50 Td (geological ) Tj ET Q q 0 0 0 rg BT 247.36 446.50 Td (formations, ) Tj ET Q q 0 0 0 rg BT 298.97 446.50 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 347.24 446.50 Td (or ) Tj ET Q q 0 0 0 rg BT 358.27 446.50 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 398.76 446.50 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 440.93 446.50 Td (metallurgical ) Tj ET Q q 0 0 0 rg BT 499.20 446.50 Td (or ) Tj ET Q q 0 0 0 rg BT 510.23 446.50 Td (engineering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (work ) Tj ET Q q 0 0 0 rg BT 73.39 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 92.85 434.50 Td (work ) Tj ET Q q 0 0 0 rg BT 116.74 434.50 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 177.33 434.50 Td (among ) Tj ET Q q 0 0 0 rg BT 210.68 434.50 Td (other ) Tj ET Q q 0 0 0 rg BT 236.25 434.50 Td (things. ) Tj ET Q q 0 0 0 rg BT 268.49 434.50 Td (Short ) Tj ET Q q 0 0 0 rg BT 295.17 434.50 Td (term ) Tj ET Q q 0 0 0 rg BT 317.94 434.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 353.51 434.50 Td (such ) Tj ET Q q 0 0 0 rg BT 377.41 434.50 Td (as ) Tj ET Q q 0 0 0 rg BT 390.75 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 407.43 434.50 Td (need ) Tj ET Q q 0 0 0 rg BT 432.45 434.50 Td (for ) Tj ET Q q 0 0 0 rg BT 446.90 434.50 Td (an ) Tj ET Q q 0 0 0 rg BT 460.79 434.50 Td (orderly ) Tj ET Q q 0 0 0 rg BT 494.14 434.50 Td (development ) Tj ET Q q 0 0 0 rg BT 554.18 434.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (deposits ) Tj ET Q q 0 0 0 rg BT 89.45 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 101.05 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.66 422.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 168.72 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 179.77 422.50 Td (new ) Tj ET Q q 0 0 0 rg BT 200.82 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 212.42 422.50 Td (dif) Tj ET Q q 0 0 0 rg BT 222.80 422.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 251.08 422.50 Td (grades ) Tj ET Q q 0 0 0 rg BT 284.36 422.50 Td (may ) Tj ET Q q 0 0 0 rg BT 305.96 422.50 Td (have ) Tj ET Q q 0 0 0 rg BT 330.35 422.50 Td (an ) Tj ET Q q 0 0 0 rg BT 344.18 422.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 382.46 422.50 Td (ef) Tj ET Q q 0 0 0 rg BT 390.62 422.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 409.45 422.50 Td (on ) Tj ET Q q 0 0 0 rg BT 423.28 422.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 455.44 422.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 504.85 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 516.45 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 533.05 422.50 Td (results ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 59.54 410.50 Td (those ) Tj ET Q q 0 0 0 rg BT 85.71 410.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 136.77 410.50 Td (There ) Tj ET Q q 0 0 0 rg BT 164.60 410.50 Td (can ) Tj ET Q q 0 0 0 rg BT 182.42 410.50 Td (be ) Tj ET Q q 0 0 0 rg BT 195.25 410.50 Td (no ) Tj ET Q q 0 0 0 rg BT 208.07 410.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 255.91 410.50 Td (that ) Tj ET Q q 0 0 0 rg BT 274.29 410.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 313.78 410.50 Td (recovered ) Tj ET Q q 0 0 0 rg BT 359.95 410.50 Td (in ) Tj ET Q q 0 0 0 rg BT 369.43 410.50 Td (small ) Tj ET Q q 0 0 0 rg BT 394.47 410.50 Td (scale ) Tj ET Q q 0 0 0 rg BT 419.51 410.50 Td (laboratory ) Tj ET Q q 0 0 0 rg BT 465.68 410.50 Td (tests ) Tj ET Q q 0 0 0 rg BT 488.50 410.50 Td (will ) Tj ET Q q 0 0 0 rg BT 504.09 410.50 Td (be ) Tj ET Q q 0 0 0 rg BT 516.91 410.50 Td (duplicated ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (in ) Tj ET Q q 0 0 0 rg BT 61.60 398.50 Td (large ) Tj ET Q q 0 0 0 rg BT 88.15 398.50 Td (scale ) Tj ET Q q 0 0 0 rg BT 115.80 398.50 Td (tests ) Tj ET Q q 0 0 0 rg BT 141.24 398.50 Td (under ) Tj ET Q q 0 0 0 rg BT 171.13 398.50 Td (on-site ) Tj ET Q q 0 0 0 rg BT 205.45 398.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 254.80 398.50 Td (or ) Tj ET Q q 0 0 0 rg BT 268.00 398.50 Td (in ) Tj ET Q q 0 0 0 rg BT 280.10 398.50 Td (production ) Tj ET Q q 0 0 0 rg BT 331.11 398.50 Td (scale ) Tj ET Q q 0 0 0 rg BT 358.77 398.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 412.28 398.50 Td (The ) Tj ET Q q 0 0 0 rg BT 433.82 398.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 481.49 398.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 518.59 398.50 Td (resources ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (described ) Tj ET Q q 0 0 0 rg BT 95.64 386.50 Td (in ) Tj ET Q q 0 0 0 rg BT 106.20 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 386.50 Td (PEA) Tj ET Q q 0 0 0 rg BT 142.34 386.50 Td ( ) Tj ET Q q 0 0 0 rg BT 145.12 386.50 Td (should ) Tj ET Q q 0 0 0 rg BT 177.36 386.50 Td (not ) Tj ET Q q 0 0 0 rg BT 194.04 386.50 Td (be ) Tj ET Q q 0 0 0 rg BT 207.94 386.50 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 258.53 386.50 Td (as ) Tj ET Q q 0 0 0 rg BT 271.87 386.50 Td (assurances ) Tj ET Q q 0 0 0 rg BT 325.78 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.90 386.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 361.36 386.50 Td (life ) Tj ET Q q 0 0 0 rg BT 376.92 386.50 Td (or ) Tj ET Q q 0 0 0 rg BT 388.59 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 399.71 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.38 386.50 Td (profitability ) Tj ET Q q 0 0 0 rg BT 466.96 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.08 386.50 Td (future ) Tj ET Q q 0 0 0 rg BT 506.43 386.50 Td (operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.06 362.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 117.30 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 129.51 362.50 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 187.30 362.50 Td (for ) Tj ET Q q 0 0 0 rg BT 203.41 362.50 Td (Minerals ) Tj ET Q q 0 0 0 rg BT 246.76 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 267.31 362.50 Td (Mining ) Tj ET Q q 0 0 0 rg BT 302.30 362.50 Td (Involves ) Tj ET Q q 0 0 0 rg BT 345.10 362.50 Td (a ) Tj ET Q q 0 0 0 rg BT 353.44 362.50 Td (High ) Tj ET Q q 0 0 0 rg BT 378.44 362.50 Td (Degree ) Tj ET Q q 0 0 0 rg BT 415.12 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 427.34 362.50 Td (Risk) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (Mineral ) Tj ET Q q 0 0 0 rg BT 84.30 338.50 Td (project ) Tj ET Q q 0 0 0 rg BT 116.32 338.50 Td (development ) Tj ET Q q 0 0 0 rg BT 175.59 338.50 Td (is ) Tj ET Q q 0 0 0 rg BT 184.83 338.50 Td (a ) Tj ET Q q 0 0 0 rg BT 192.40 338.50 Td (speculative ) Tj ET Q q 0 0 0 rg BT 244.44 338.50 Td (business. ) Tj ET Q q 0 0 0 rg BT 288.69 338.50 Td (Mining ) Tj ET Q q 0 0 0 rg BT 320.16 338.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 368.87 338.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 411.46 338.50 Td (involve ) Tj ET Q q 0 0 0 rg BT 444.60 338.50 Td (a ) Tj ET Q q 0 0 0 rg BT 452.17 338.50 Td (high ) Tj ET Q q 0 0 0 rg BT 473.09 338.50 Td (degree ) Tj ET Q q 0 0 0 rg BT 506.24 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 516.59 338.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 534.15 338.50 Td (which, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (even ) Tj ET Q q 0 0 0 rg BT 75.02 326.50 Td (with ) Tj ET Q q 0 0 0 rg BT 96.64 326.50 Td (a ) Tj ET Q q 0 0 0 rg BT 106.03 326.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 163.79 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.96 326.50 Td (experience, ) Tj ET Q q 0 0 0 rg BT 231.49 326.50 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 283.14 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 303.66 326.50 Td (careful ) Tj ET Q q 0 0 0 rg BT 337.51 326.50 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 389.71 326.50 Td (may ) Tj ET Q q 0 0 0 rg BT 412.44 326.50 Td (not ) Tj ET Q q 0 0 0 rg BT 430.17 326.50 Td (be ) Tj ET Q q 0 0 0 rg BT 445.13 326.50 Td (able ) Tj ET Q q 0 0 0 rg BT 467.87 326.50 Td (to ) Tj ET Q q 0 0 0 rg BT 480.04 326.50 Td (be ) Tj ET Q q 0 0 0 rg BT 495.00 326.50 Td (overcome. ) Tj ET Q q 0 0 0 rg BT 545.27 326.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (business ) Tj ET Q q 0 0 0 rg BT 91.78 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 102.93 314.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 135.19 314.50 Td (is ) Tj ET Q q 0 0 0 rg BT 145.23 314.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.72 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.87 314.50 Td (a ) Tj ET Q q 0 0 0 rg BT 199.24 314.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 231.50 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 242.65 314.50 Td (risks, ) Tj ET Q q 0 0 0 rg BT 268.79 314.50 Td (such ) Tj ET Q q 0 0 0 rg BT 292.72 314.50 Td (as ) Tj ET Q q 0 0 0 rg BT 306.10 314.50 Td (industrial ) Tj ET Q q 0 0 0 rg BT 348.92 314.50 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 396.76 314.50 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 437.38 314.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 503.00 314.50 Td (hazards ) Tj ET Q q 0 0 0 rg BT 541.38 314.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (as ) Tj ET Q q 0 0 0 rg BT 62.70 302.50 Td (fires, ) Tj ET Q q 0 0 0 rg BT 87.01 302.50 Td (technical ) Tj ET Q q 0 0 0 rg BT 129.11 302.50 Td (failures, ) Tj ET Q q 0 0 0 rg BT 166.76 302.50 Td (labour ) Tj ET Q q 0 0 0 rg BT 197.20 302.50 Td (disputes ) Tj ET Q q 0 0 0 rg BT 237.08 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 256.40 302.50 Td (other ) Tj ET Q q 0 0 0 rg BT 281.83 302.50 Td (accidents ) Tj ET Q q 0 0 0 rg BT 326.72 302.50 Td (at ) Tj ET Q q 0 0 0 rg BT 337.69 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 354.23 302.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 378.54 302.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 419.53 302.50 Td (which ) Tj ET Q q 0 0 0 rg BT 447.73 302.50 Td (could ) Tj ET Q q 0 0 0 rg BT 474.27 302.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 519.70 302.50 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (af) Tj ET Q q 0 0 0 rg BT 57.66 290.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 76.28 290.50 Td (future ) Tj ET Q q 0 0 0 rg BT 104.35 290.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 136.31 290.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.51 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 204.69 290.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 251.21 290.50 Td (s ) Tj ET Q q 0 0 0 rg BT 258.71 290.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.90 290.50 Td (position. ) Tj ET Q q 0 0 0 rg BT 337.64 290.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 362.94 290.50 Td (occurrences, ) Tj ET Q q 0 0 0 rg BT 422.68 290.50 Td (against ) Tj ET Q q 0 0 0 rg BT 457.43 290.50 Td (which ) Tj ET Q q 0 0 0 rg BT 485.50 290.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 532.47 290.50 Td (cannot ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 61.22 278.50 Td (may ) Tj ET Q q 0 0 0 rg BT 82.93 278.50 Td (elect ) Tj ET Q q 0 0 0 rg BT 106.88 278.50 Td (not ) Tj ET Q q 0 0 0 rg BT 123.61 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.78 278.50 Td (insure, ) Tj ET Q q 0 0 0 rg BT 167.62 278.50 Td (may ) Tj ET Q q 0 0 0 rg BT 189.33 278.50 Td (delay ) Tj ET Q q 0 0 0 rg BT 216.07 278.50 Td (production, ) Tj ET Q q 0 0 0 rg BT 268.37 278.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 308.99 278.50 Td (production ) Tj ET Q q 0 0 0 rg BT 358.52 278.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 384.68 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 396.40 278.50 Td (result ) Tj ET Q q 0 0 0 rg BT 423.68 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 434.29 278.50 Td (liability) Tj ET Q q 0 0 0 rg BT 463.56 278.50 Td (. ) Tj ET Q q 0 0 0 rg BT 468.98 278.50 Td (The ) Tj ET Q q 0 0 0 rg BT 489.03 278.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 530.21 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 541.38 278.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 90.25 266.50 Td (may ) Tj ET Q q 0 0 0 rg BT 112.10 266.50 Td (have ) Tj ET Q q 0 0 0 rg BT 136.75 266.50 Td (a ) Tj ET Q q 0 0 0 rg BT 145.27 266.50 Td (material ) Tj ET Q q 0 0 0 rg BT 183.79 266.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 222.33 266.50 Td (ef) Tj ET Q q 0 0 0 rg BT 230.49 266.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 249.56 266.50 Td (on ) Tj ET Q q 0 0 0 rg BT 263.65 266.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 310.16 266.50 Td (s ) Tj ET Q q 0 0 0 rg BT 318.12 266.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 357.77 266.50 Td (position. ) Tj ET Q q 0 0 0 rg BT 397.98 266.50 Td (Underground ) Tj ET Q q 0 0 0 rg BT 459.31 266.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 491.73 266.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 541.38 266.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (as ) Tj ET Q q 0 0 0 rg BT 63.61 254.50 Td (those ) Tj ET Q q 0 0 0 rg BT 91.62 254.50 Td (proposed ) Tj ET Q q 0 0 0 rg BT 136.86 254.50 Td (at ) Tj ET Q q 0 0 0 rg BT 148.75 254.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 177.30 254.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 211.42 254.50 Td (are ) Tj ET Q q 0 0 0 rg BT 229.42 254.50 Td (also ) Tj ET Q q 0 0 0 rg BT 251.31 254.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.54 254.50 Td (to ) Tj ET Q q 0 0 0 rg BT 298.43 254.50 Td (technical ) Tj ET Q q 0 0 0 rg BT 341.44 254.50 Td (challenges ) Tj ET Q q 0 0 0 rg BT 392.80 254.50 Td (including, ) Tj ET Q q 0 0 0 rg BT 438.60 254.50 Td (but ) Tj ET Q q 0 0 0 rg BT 456.05 254.50 Td (not ) Tj ET Q q 0 0 0 rg BT 473.50 254.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 505.94 254.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 520.60 254.50 Td (hot ) Tj ET Q q 0 0 0 rg BT 538.05 254.50 Td (water ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (management ) Tj ET Q q 0 0 0 rg BT 109.51 242.50 Td (that ) Tj ET Q q 0 0 0 rg BT 127.82 242.50 Td (will ) Tj ET Q q 0 0 0 rg BT 143.34 242.50 Td (be ) Tj ET Q q 0 0 0 rg BT 156.10 242.50 Td (encountered ) Tj ET Q q 0 0 0 rg BT 213.34 242.50 Td (during ) Tj ET Q q 0 0 0 rg BT 242.77 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 258.31 242.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 281.62 242.50 Td (dewatering ) Tj ET Q q 0 0 0 rg BT 332.18 242.50 Td (ef) Tj ET Q q 0 0 0 rg BT 340.34 242.50 Td (fort. ) Tj ET Q q 0 0 0 rg BT 359.20 242.50 Td (While ) Tj ET Q q 0 0 0 rg BT 385.84 242.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 431.96 242.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 470.28 242.50 Td (that ) Tj ET Q q 0 0 0 rg BT 488.60 242.50 Td (these ) Tj ET Q q 0 0 0 rg BT 514.70 242.50 Td (challenges ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (can ) Tj ET Q q 0 0 0 rg BT 69.22 230.50 Td (be ) Tj ET Q q 0 0 0 rg BT 83.95 230.50 Td (managed, ) Tj ET Q q 0 0 0 rg BT 132.03 230.50 Td (there ) Tj ET Q q 0 0 0 rg BT 158.42 230.50 Td (can ) Tj ET Q q 0 0 0 rg BT 178.14 230.50 Td (be ) Tj ET Q q 0 0 0 rg BT 192.87 230.50 Td (no ) Tj ET Q q 0 0 0 rg BT 207.59 230.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 257.33 230.50 Td (that ) Tj ET Q q 0 0 0 rg BT 277.61 230.50 Td (they ) Tj ET Q q 0 0 0 rg BT 300.11 230.50 Td (can ) Tj ET Q q 0 0 0 rg BT 319.83 230.50 Td (be ) Tj ET Q q 0 0 0 rg BT 334.56 230.50 Td (managed ) Tj ET Q q 0 0 0 rg BT 379.86 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 391.24 230.50 Td (a ) Tj ET Q q 0 0 0 rg BT 400.40 230.50 Td (safe ) Tj ET Q q 0 0 0 rg BT 422.91 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 443.19 230.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 465.13 230.50 Td (ef) Tj ET Q q 0 0 0 rg BT 473.29 230.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 505.79 230.50 Td (manner) Tj ET Q q 0 0 0 rg BT 539.15 230.50 Td (. ) Tj ET Q q 0 0 0 rg BT 545.29 230.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (marketability ) Tj ET Q q 0 0 0 rg BT 107.93 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.57 218.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 158.66 218.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 199.32 218.50 Td (or ) Tj ET Q q 0 0 0 rg BT 210.51 218.50 Td (discovered ) Tj ET Q q 0 0 0 rg BT 261.17 218.50 Td (by ) Tj ET Q q 0 0 0 rg BT 274.03 218.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 320.81 218.50 Td (may ) Tj ET Q q 0 0 0 rg BT 342.00 218.50 Td (be ) Tj ET Q q 0 0 0 rg BT 355.43 218.50 Td (af) Tj ET Q q 0 0 0 rg BT 363.59 218.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 393.13 218.50 Td (by ) Tj ET Q q 0 0 0 rg BT 405.99 218.50 Td (numerous ) Tj ET Q q 0 0 0 rg BT 452.76 218.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 485.07 218.50 Td (which ) Tj ET Q q 0 0 0 rg BT 512.94 218.50 Td (are ) Tj ET Q q 0 0 0 rg BT 529.69 218.50 Td (beyond ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.81 206.50 Td (control ) Tj ET Q q 0 0 0 rg BT 98.22 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.97 206.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 155.85 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.94 206.50 Td (which ) Tj ET Q q 0 0 0 rg BT 202.91 206.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 235.34 206.50 Td (be ) Tj ET Q q 0 0 0 rg BT 248.86 206.50 Td (accurately ) Tj ET Q q 0 0 0 rg BT 296.84 206.50 Td (predicted, ) Tj ET Q q 0 0 0 rg BT 343.16 206.50 Td (such ) Tj ET Q q 0 0 0 rg BT 366.69 206.50 Td (as, ) Tj ET Q q 0 0 0 rg BT 382.43 206.50 Td (but ) Tj ET Q q 0 0 0 rg BT 398.74 206.50 Td (not ) Tj ET Q q 0 0 0 rg BT 415.04 206.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 446.34 206.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 459.87 206.50 Td (market ) Tj ET Q q 0 0 0 rg BT 492.83 206.50 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 548.60 206.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (proximity ) Tj ET Q q 0 0 0 rg BT 93.65 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 114.49 194.50 Td (capacity ) Tj ET Q q 0 0 0 rg BT 155.32 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.81 194.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 201.41 194.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 243.91 194.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 280.84 194.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 320.55 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 341.39 194.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 393.89 194.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 444.74 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 465.58 194.50 Td (such ) Tj ET Q q 0 0 0 rg BT 490.85 194.50 Td (other ) Tj ET Q q 0 0 0 rg BT 517.79 194.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 551.95 194.50 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (government ) Tj ET Q q 0 0 0 rg BT 105.68 182.50 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 160.75 182.50 Td (including ) Tj ET Q q 0 0 0 rg BT 203.60 182.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 255.90 182.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 292.07 182.50 Td (to ) Tj ET Q q 0 0 0 rg BT 303.78 182.50 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 347.17 182.50 Td (allowable ) Tj ET Q q 0 0 0 rg BT 392.24 182.50 Td (production, ) Tj ET Q q 0 0 0 rg BT 445.09 182.50 Td (importing ) Tj ET Q q 0 0 0 rg BT 489.59 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 509.65 182.50 Td (exporting ) Tj ET Q q 0 0 0 rg BT 554.16 182.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 90.69 170.50 Td (and ) Tj ET Q q 0 0 0 rg BT 110.77 170.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 176.98 170.50 Td (protection, ) Tj ET Q q 0 0 0 rg BT 227.07 170.50 Td (any ) Tj ET Q q 0 0 0 rg BT 246.59 170.50 Td (of ) Tj ET Q q 0 0 0 rg BT 258.33 170.50 Td (which ) Tj ET Q q 0 0 0 rg BT 287.30 170.50 Td (could ) Tj ET Q q 0 0 0 rg BT 314.60 170.50 Td (result ) Tj ET Q q 0 0 0 rg BT 342.45 170.50 Td (in ) Tj ET Q q 0 0 0 rg BT 353.64 170.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 401.51 170.50 Td (not ) Tj ET Q q 0 0 0 rg BT 418.81 170.50 Td (receiving ) Tj ET Q q 0 0 0 rg BT 462.23 170.50 Td (an ) Tj ET Q q 0 0 0 rg BT 476.75 170.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 521.86 170.50 Td (return ) Tj ET Q q 0 0 0 rg BT 551.38 170.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (invested ) Tj ET Q q 0 0 0 rg BT 89.52 158.50 Td (capital.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I16 Do Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (17) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.24 674.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 69.14 674.50 Td (Risks) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Changes ) Tj ET Q q 0 0 0 rg BT 92.05 650.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 105.69 650.50 Td (or ) Tj ET Q q 0 0 0 rg BT 117.11 650.50 Td (dif) Tj ET Q q 0 0 0 rg BT 127.49 650.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 155.03 650.50 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 220.92 650.50 Td (of, ) Tj ET Q q 0 0 0 rg BT 234.56 650.50 Td (taxation ) Tj ET Q q 0 0 0 rg BT 272.11 650.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 294.64 650.50 Td (or ) Tj ET Q q 0 0 0 rg BT 306.05 650.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 357.50 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 367.80 650.50 Td (any ) Tj ET Q q 0 0 0 rg BT 386.45 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 397.31 650.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 437.65 650.50 Td (Barbados ) Tj ET Q q 0 0 0 rg BT 482.98 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 502.18 650.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 553.62 650.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (any ) Tj ET Q q 0 0 0 rg BT 68.17 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 79.07 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 95.52 638.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 138.65 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 148.98 638.50 Td (which ) Tj ET Q q 0 0 0 rg BT 177.10 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.55 638.50 Td (Company) Tj ET Q q 0 0 0 rg BT 238.39 638.50 Td (s ) Tj ET Q q 0 0 0 rg BT 245.94 638.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 277.40 638.50 Td (or ) Tj ET Q q 0 0 0 rg BT 288.84 638.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 326.97 638.50 Td (contracting ) Tj ET Q q 0 0 0 rg BT 378.44 638.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 411.00 638.50 Td (are ) Tj ET Q q 0 0 0 rg BT 428.01 638.50 Td (located ) Tj ET Q q 0 0 0 rg BT 462.81 638.50 Td (could ) Tj ET Q q 0 0 0 rg BT 489.26 638.50 Td (result ) Tj ET Q q 0 0 0 rg BT 516.27 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 526.60 638.50 Td (some ) Tj ET Q q 0 0 0 rg BT 553.61 638.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (all ) Tj ET Q q 0 0 0 rg BT 63.99 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.81 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 95.19 626.50 Td (Company) Tj ET Q q 0 0 0 rg BT 140.03 626.50 Td (s ) Tj ET Q q 0 0 0 rg BT 149.52 626.50 Td (profits ) Tj ET Q q 0 0 0 rg BT 181.23 626.50 Td (being ) Tj ET Q q 0 0 0 rg BT 210.18 626.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 246.35 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 259.17 626.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 306.47 626.50 Td (taxation. ) Tj ET Q q 0 0 0 rg BT 348.46 626.50 Td (T) Tj ET Q q 0 0 0 rg BT 353.46 626.50 Td (axation ) Tj ET Q q 0 0 0 rg BT 390.19 626.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 414.68 626.50 Td (are ) Tj ET Q q 0 0 0 rg BT 433.61 626.50 Td (complex, ) Tj ET Q q 0 0 0 rg BT 478.11 626.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 514.28 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.10 626.50 Td (dif) Tj ET Q q 0 0 0 rg BT 537.48 626.50 Td (fering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 117.05 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 137.92 614.50 Td (applications ) Tj ET Q q 0 0 0 rg BT 194.91 614.50 Td (by ) Tj ET Q q 0 0 0 rg BT 209.65 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 227.73 614.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 267.49 614.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.01 614.50 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 337.83 614.50 Td (There ) Tj ET Q q 0 0 0 rg BT 368.14 614.50 Td (is ) Tj ET Q q 0 0 0 rg BT 379.54 614.50 Td (no ) Tj ET Q q 0 0 0 rg BT 394.84 614.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 445.16 614.50 Td (that ) Tj ET Q q 0 0 0 rg BT 466.02 614.50 Td (new ) Tj ET Q q 0 0 0 rg BT 488.55 614.50 Td (taxation ) Tj ET Q q 0 0 0 rg BT 527.75 614.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 553.61 614.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.80 602.50 Td (policies ) Tj ET Q q 0 0 0 rg BT 137.09 602.50 Td (will ) Tj ET Q q 0 0 0 rg BT 153.91 602.50 Td (not ) Tj ET Q q 0 0 0 rg BT 170.75 602.50 Td (be ) Tj ET Q q 0 0 0 rg BT 184.80 602.50 Td (enacted ) Tj ET Q q 0 0 0 rg BT 223.32 602.50 Td (or ) Tj ET Q q 0 0 0 rg BT 235.15 602.50 Td (that ) Tj ET Q q 0 0 0 rg BT 254.76 602.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 291.60 602.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 316.21 602.50 Td (will ) Tj ET Q q 0 0 0 rg BT 333.04 602.50 Td (not ) Tj ET Q q 0 0 0 rg BT 349.87 602.50 Td (be ) Tj ET Q q 0 0 0 rg BT 363.93 602.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 399.11 602.50 Td (in ) Tj ET Q q 0 0 0 rg BT 409.83 602.50 Td (a ) Tj ET Q q 0 0 0 rg BT 418.33 602.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 455.17 602.50 Td (which ) Tj ET Q q 0 0 0 rg BT 483.67 602.50 Td (could ) Tj ET Q q 0 0 0 rg BT 510.51 602.50 Td (result ) Tj ET Q q 0 0 0 rg BT 537.90 602.50 Td (in ) Tj ET Q q 0 0 0 rg BT 548.62 602.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 590.50 Td (s ) Tj ET Q q 0 0 0 rg BT 102.47 590.50 Td (profits ) Tj ET Q q 0 0 0 rg BT 132.83 590.50 Td (being ) Tj ET Q q 0 0 0 rg BT 160.44 590.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 195.25 590.50 Td (to ) Tj ET Q q 0 0 0 rg BT 206.72 590.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 252.67 590.50 Td (taxation ) Tj ET Q q 0 0 0 rg BT 290.83 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 302.85 590.50 Td (which ) Tj ET Q q 0 0 0 rg BT 331.55 590.50 Td (could ) Tj ET Q q 0 0 0 rg BT 358.59 590.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 404.52 590.50 Td (have ) Tj ET Q q 0 0 0 rg BT 429.33 590.50 Td (a ) Tj ET Q q 0 0 0 rg BT 438.03 590.50 Td (material ) Tj ET Q q 0 0 0 rg BT 476.73 590.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 515.44 590.50 Td (change ) Tj ET Q q 0 0 0 rg BT 551.38 590.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (profitability) Tj ET Q q 0 0 0 rg BT 96.56 578.50 Td (, ) Tj ET Q q 0 0 0 rg BT 102.67 578.50 Td (results ) Tj ET Q q 0 0 0 rg BT 135.46 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 147.14 578.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 199.96 578.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.99 578.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 283.35 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 303.38 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 320.62 578.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 354.53 578.50 Td (price ) Tj ET Q q 0 0 0 rg BT 379.54 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 391.22 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 408.46 578.50 Td (Company) Tj ET Q q 0 0 0 rg BT 453.30 578.50 Td (s ) Tj ET Q q 0 0 0 rg BT 461.64 578.50 Td (securities. ) Tj ET Q q 0 0 0 rg BT 509.33 578.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.73 578.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 66.06 566.50 Td (introduction ) Tj ET Q q 0 0 0 rg BT 120.42 566.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.43 566.50 Td (new ) Tj ET Q q 0 0 0 rg BT 152.43 566.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.43 566.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 192.77 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 204.32 566.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 255.35 566.50 Td (policies, ) Tj ET Q q 0 0 0 rg BT 294.14 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 305.70 566.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 346.17 566.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 359.95 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 371.50 566.50 Td (dif) Tj ET Q q 0 0 0 rg BT 381.88 566.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 409.56 566.50 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 475.59 566.50 Td (of, ) Tj ET Q q 0 0 0 rg BT 489.37 566.50 Td (or ) Tj ET Q q 0 0 0 rg BT 500.92 566.50 Td (application ) Tj ET Q q 0 0 0 rg BT 551.39 566.50 Td (of, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 86.85 554.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.63 554.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 128.75 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 141.09 554.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 192.90 554.50 Td (policies ) Tj ET Q q 0 0 0 rg BT 229.70 554.50 Td (could ) Tj ET Q q 0 0 0 rg BT 257.05 554.50 Td (make ) Tj ET Q q 0 0 0 rg BT 284.95 554.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 341.74 554.50 Td (by ) Tj ET Q q 0 0 0 rg BT 355.75 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.10 554.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 419.34 554.50 Td (less ) Tj ET Q q 0 0 0 rg BT 440.57 554.50 Td (attractive ) Tj ET Q q 0 0 0 rg BT 484.58 554.50 Td (to ) Tj ET Q q 0 0 0 rg BT 496.37 554.50 Td (counterparties. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 75.07 542.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.66 542.50 Td (could ) Tj ET Q q 0 0 0 rg BT 142.34 542.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 187.92 542.50 Td (af) Tj ET Q q 0 0 0 rg BT 196.08 542.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 214.97 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 231.65 542.50 Td (Company) Tj ET Q q 0 0 0 rg BT 276.49 542.50 Td (s ) Tj ET Q q 0 0 0 rg BT 284.27 542.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 312.62 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 323.73 542.50 Td (acquire ) Tj ET Q q 0 0 0 rg BT 359.31 542.50 Td (new ) Tj ET Q q 0 0 0 rg BT 380.43 542.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.11 542.50 Td (or ) Tj ET Q q 0 0 0 rg BT 423.78 542.50 Td (make ) Tj ET Q q 0 0 0 rg BT 451.01 542.50 Td (future ) Tj ET Q q 0 0 0 rg BT 479.36 542.50 Td (investments.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (Reliance ) Tj ET Q q 0 0 0 rg BT 93.41 518.50 Td (on ) Tj ET Q q 0 0 0 rg BT 108.41 518.50 Td (Third ) Tj ET Q q 0 0 0 rg BT 136.18 518.50 Td (Parties ) Tj ET Q q 0 0 0 rg BT 172.31 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.87 518.50 Td (Risk ) Tj ET Q q 0 0 0 rg BT 216.40 518.50 Td (Associated ) Tj ET Q q 0 0 0 rg BT 272.53 518.50 Td (with ) Tj ET Q q 0 0 0 rg BT 295.31 518.50 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 334.75 518.50 Td (Subsidiaries) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.87 494.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.80 494.50 Td (relies ) Tj ET Q q 0 0 0 rg BT 142.83 494.50 Td (on ) Tj ET Q q 0 0 0 rg BT 157.09 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 174.13 494.50 Td (services ) Tj ET Q q 0 0 0 rg BT 213.94 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 225.41 494.50 Td (third ) Tj ET Q q 0 0 0 rg BT 248.00 494.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 281.15 494.50 Td (for ) Tj ET Q q 0 0 0 rg BT 295.96 494.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 329.10 494.50 Td (aspects ) Tj ET Q q 0 0 0 rg BT 366.70 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 378.18 494.50 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 433.01 494.50 Td (development ) Tj ET Q q 0 0 0 rg BT 493.41 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 513.23 494.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 545.82 494.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (geothermal ) Tj ET Q q 0 0 0 rg BT 101.89 482.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.96 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 170.01 482.50 Td (there ) Tj ET Q q 0 0 0 rg BT 195.17 482.50 Td (is ) Tj ET Q q 0 0 0 rg BT 204.75 482.50 Td (no ) Tj ET Q q 0 0 0 rg BT 218.24 482.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 266.74 482.50 Td (that ) Tj ET Q q 0 0 0 rg BT 285.79 482.50 Td (these ) Tj ET Q q 0 0 0 rg BT 312.61 482.50 Td (third ) Tj ET Q q 0 0 0 rg BT 334.43 482.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 366.81 482.50 Td (will ) Tj ET Q q 0 0 0 rg BT 383.06 482.50 Td (be ) Tj ET Q q 0 0 0 rg BT 396.55 482.50 Td (available ) Tj ET Q q 0 0 0 rg BT 438.39 482.50 Td (to ) Tj ET Q q 0 0 0 rg BT 449.09 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 465.36 482.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.52 482.50 Td (in ) Tj ET Q q 0 0 0 rg BT 520.67 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 536.94 482.50 Td (future ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (on ) Tj ET Q q 0 0 0 rg BT 63.59 470.50 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 114.92 470.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 169.00 470.50 Td (terms, ) Tj ET Q q 0 0 0 rg BT 199.75 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 211.60 470.50 Td (at ) Tj ET Q q 0 0 0 rg BT 222.91 470.50 Td (all. ) Tj ET Q q 0 0 0 rg BT 238.65 470.50 Td (If ) Tj ET Q q 0 0 0 rg BT 247.17 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.04 470.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.80 470.50 Td (were ) Tj ET Q q 0 0 0 rg BT 334.44 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 345.75 470.50 Td (lose ) Tj ET Q q 0 0 0 rg BT 367.06 470.50 Td (one ) Tj ET Q q 0 0 0 rg BT 386.70 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 398.56 470.50 Td (more ) Tj ET Q q 0 0 0 rg BT 424.31 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.61 470.50 Td (these ) Tj ET Q q 0 0 0 rg BT 463.04 470.50 Td (third ) Tj ET Q q 0 0 0 rg BT 485.46 470.50 Td (party ) Tj ET Q q 0 0 0 rg BT 510.65 470.50 Td (providers, ) Tj ET Q q 0 0 0 rg BT 557.52 470.50 Td (it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (may ) Tj ET Q q 0 0 0 rg BT 71.04 458.50 Td (not ) Tj ET Q q 0 0 0 rg BT 87.59 458.50 Td (be ) Tj ET Q q 0 0 0 rg BT 101.36 458.50 Td (able ) Tj ET Q q 0 0 0 rg BT 122.91 458.50 Td (to ) Tj ET Q q 0 0 0 rg BT 133.90 458.50 Td (replace ) Tj ET Q q 0 0 0 rg BT 169.35 458.50 Td (them ) Tj ET Q q 0 0 0 rg BT 194.23 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 204.66 458.50 Td (a ) Tj ET Q q 0 0 0 rg BT 212.87 458.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 233.86 458.50 Td (ef) Tj ET Q q 0 0 0 rg BT 242.01 458.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 273.56 458.50 Td (manner) Tj ET Q q 0 0 0 rg BT 306.92 458.50 Td (, ) Tj ET Q q 0 0 0 rg BT 312.34 458.50 Td (or ) Tj ET Q q 0 0 0 rg BT 323.88 458.50 Td (at ) Tj ET Q q 0 0 0 rg BT 334.87 458.50 Td (all. ) Tj ET Q q 0 0 0 rg BT 350.13 458.50 Td (This ) Tj ET Q q 0 0 0 rg BT 371.67 458.50 Td (could ) Tj ET Q q 0 0 0 rg BT 398.23 458.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 443.67 458.50 Td (af) Tj ET Q q 0 0 0 rg BT 451.83 458.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 470.60 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 487.15 458.50 Td (business ) Tj ET Q q 0 0 0 rg BT 529.26 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 548.59 458.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (results ) Tj ET Q q 0 0 0 rg BT 81.86 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.10 446.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 142.70 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 153.95 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 170.75 446.50 Td (Company) Tj ET Q q 0 0 0 rg BT 212.81 446.50 Td (. ) Tj ET Q q 0 0 0 rg BT 217.91 446.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 268.31 446.50 Td (, ) Tj ET Q q 0 0 0 rg BT 273.99 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 290.80 446.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.50 446.50 Td (conducts ) Tj ET Q q 0 0 0 rg BT 379.43 446.50 Td (its ) Tj ET Q q 0 0 0 rg BT 392.33 446.50 Td (business ) Tj ET Q q 0 0 0 rg BT 434.70 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 445.39 446.50 Td (Guatemala ) Tj ET Q q 0 0 0 rg BT 497.21 446.50 Td (through ) Tj ET Q q 0 0 0 rg BT 534.03 446.50 Td (one ) Tj ET Q q 0 0 0 rg BT 553.61 446.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (more ) Tj ET Q q 0 0 0 rg BT 74.50 434.50 Td (Guatemalan ) Tj ET Q q 0 0 0 rg BT 131.19 434.50 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 188.54 434.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 207.98 434.50 Td (limitations ) Tj ET Q q 0 0 0 rg BT 254.65 434.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.99 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.10 434.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 320.22 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 330.77 434.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.10 434.50 Td (or ) Tj ET Q q 0 0 0 rg BT 365.21 434.50 Td (other ) Tj ET Q q 0 0 0 rg BT 390.21 434.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 421.33 434.50 Td (between ) Tj ET Q q 0 0 0 rg BT 461.35 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.46 434.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.47 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 541.37 434.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 104.80 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 116.19 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 422.50 Td (perception ) Tj ET Q q 0 0 0 rg BT 181.79 422.50 Td (that ) Tj ET Q q 0 0 0 rg BT 200.96 422.50 Td (such ) Tj ET Q q 0 0 0 rg BT 224.58 422.50 Td (limitation ) Tj ET Q q 0 0 0 rg BT 266.54 422.50 Td (may ) Tj ET Q q 0 0 0 rg BT 287.93 422.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 310.99 422.50 Td (now ) Tj ET Q q 0 0 0 rg BT 331.83 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 343.22 422.50 Td (in ) Tj ET Q q 0 0 0 rg BT 353.50 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 422.50 Td (future, ) Tj ET Q q 0 0 0 rg BT 400.75 422.50 Td (could ) Tj ET Q q 0 0 0 rg BT 427.15 422.50 Td (have ) Tj ET Q q 0 0 0 rg BT 451.33 422.50 Td (an ) Tj ET Q q 0 0 0 rg BT 464.95 422.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 503.03 422.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 534.98 422.50 Td (on ) Tj ET Q q 0 0 0 rg BT 548.60 422.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 410.50 Td (s ) Tj ET Q q 0 0 0 rg BT 102.12 410.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 144.92 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 164.39 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.07 410.50 Td (price ) Tj ET Q q 0 0 0 rg BT 205.52 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 216.64 410.50 Td (its ) Tj ET Q q 0 0 0 rg BT 229.42 410.50 Td (securities.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (Property ) Tj ET Q q 0 0 0 rg BT 93.40 386.50 Td (Commitments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.67 362.50 Td (Company) Tj ET Q q 0 0 0 rg BT 114.51 362.50 Td (s ) Tj ET Q q 0 0 0 rg BT 122.45 362.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 169.86 362.50 Td (may ) Tj ET Q q 0 0 0 rg BT 191.69 362.50 Td (be ) Tj ET Q q 0 0 0 rg BT 205.75 362.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 240.38 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 251.66 362.50 Td (various ) Tj ET Q q 0 0 0 rg BT 286.83 362.50 Td (land ) Tj ET Q q 0 0 0 rg BT 308.68 362.50 Td (payments, ) Tj ET Q q 0 0 0 rg BT 357.75 362.50 Td (royalties ) Tj ET Q q 0 0 0 rg BT 397.93 362.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 429.22 362.50 Td (work ) Tj ET Q q 0 0 0 rg BT 453.28 362.50 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 518.45 362.50 Td (Failure ) Tj ET Q q 0 0 0 rg BT 551.95 362.50 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.73 350.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.85 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 121.52 350.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 146.08 350.50 Td (its ) Tj ET Q q 0 0 0 rg BT 158.40 350.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 199.08 350.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 249.22 350.50 Td (or ) Tj ET Q q 0 0 0 rg BT 260.44 350.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 305.57 350.50 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 327.90 350.50 Td (its ) Tj ET Q q 0 0 0 rg BT 340.23 350.50 Td (commitments ) Tj ET Q q 0 0 0 rg BT 402.00 350.50 Td (under ) Tj ET Q q 0 0 0 rg BT 429.91 350.50 Td (these ) Tj ET Q q 0 0 0 rg BT 456.70 350.50 Td (agreements ) Tj ET Q q 0 0 0 rg BT 511.83 350.50 Td (could ) Tj ET Q q 0 0 0 rg BT 538.06 350.50 Td (result ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.06 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 76.74 338.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 97.30 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.42 338.50 Td (related ) Tj ET Q q 0 0 0 rg BT 141.78 338.50 Td (property ) Tj ET Q q 0 0 0 rg BT 181.24 338.50 Td (interests.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (Limited ) Tj ET Q q 0 0 0 rg BT 87.83 314.50 Td (Operational ) Tj ET Q q 0 0 0 rg BT 146.18 314.50 Td (History) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.81 290.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.70 290.50 Td (has ) Tj ET Q q 0 0 0 rg BT 134.90 290.50 Td (a ) Tj ET Q q 0 0 0 rg BT 143.55 290.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 175.53 290.50 Td (history ) Tj ET Q q 0 0 0 rg BT 208.06 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.49 290.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 269.27 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 289.04 290.50 Td (there ) Tj ET Q q 0 0 0 rg BT 314.92 290.50 Td (is ) Tj ET Q q 0 0 0 rg BT 325.22 290.50 Td (no ) Tj ET Q q 0 0 0 rg BT 339.43 290.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 391.99 290.50 Td (prospect ) Tj ET Q q 0 0 0 rg BT 433.43 290.50 Td (for ) Tj ET Q q 0 0 0 rg BT 448.18 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 465.17 290.50 Td (generation ) Tj ET Q q 0 0 0 rg BT 515.51 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 526.94 290.50 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 87.86 278.50 Td (by ) Tj ET Q q 0 0 0 rg BT 100.64 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 116.77 278.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.79 278.50 Td (at ) Tj ET Q q 0 0 0 rg BT 172.35 278.50 Td (least ) Tj ET Q q 0 0 0 rg BT 195.69 278.50 Td (until ) Tj ET Q q 0 0 0 rg BT 216.26 278.50 Td (such ) Tj ET Q q 0 0 0 rg BT 239.61 278.50 Td (time ) Tj ET Q q 0 0 0 rg BT 260.72 278.50 Td (as ) Tj ET Q q 0 0 0 rg BT 273.50 278.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 326.84 278.50 Td (production ) Tj ET Q q 0 0 0 rg BT 375.77 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.33 278.50 Td (gold ) Tj ET Q q 0 0 0 rg BT 407.46 278.50 Td (commences ) Tj ET Q q 0 0 0 rg BT 463.58 278.50 Td (at ) Tj ET Q q 0 0 0 rg BT 474.15 278.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 501.37 278.50 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 536.95 278.50 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (is ) Tj ET Q q 0 0 0 rg BT 60.51 266.50 Td (not ) Tj ET Q q 0 0 0 rg BT 78.19 266.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 122.56 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.69 266.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 162.93 266.50 Td (before ) Tj ET Q q 0 0 0 rg BT 195.07 266.50 Td (2020. ) Tj ET Q q 0 0 0 rg BT 223.63 266.50 Td (The ) Tj ET Q q 0 0 0 rg BT 244.65 266.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.23 266.50 Td (is ) Tj ET Q q 0 0 0 rg BT 302.24 266.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 337.71 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 349.83 266.50 Td (many ) Tj ET Q q 0 0 0 rg BT 378.07 266.50 Td (risks, ) Tj ET Q q 0 0 0 rg BT 405.19 266.50 Td (including ) Tj ET Q q 0 0 0 rg BT 448.44 266.50 Td (under) Tj ET Q /GS0 gs q 3.00 0 0 10.38 474.02 264.40 cm /I17 Do Q q 0 0 0 rg BT 477.02 266.50 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 541.39 266.50 Td (cash ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (shortages ) Tj ET Q q 0 0 0 rg BT 96.60 254.50 Td (limitations ) Tj ET Q q 0 0 0 rg BT 144.23 254.50 Td (with ) Tj ET Q q 0 0 0 rg BT 165.20 254.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 201.17 254.50 Td (to ) Tj ET Q q 0 0 0 rg BT 212.69 254.50 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 262.57 254.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.44 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 322.30 254.50 Td (other ) Tj ET Q q 0 0 0 rg BT 348.27 254.50 Td (resources ) Tj ET Q q 0 0 0 rg BT 395.36 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 415.22 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 432.30 254.50 Td (lack ) Tj ET Q q 0 0 0 rg BT 453.27 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 464.79 254.50 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 511.68 254.50 Td (There ) Tj ET Q q 0 0 0 rg BT 540.98 254.50 Td (is ) Tj ET Q q 0 0 0 rg BT 551.38 254.50 Td (no ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 98.09 242.50 Td (that ) Tj ET Q q 0 0 0 rg BT 117.22 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 133.57 242.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 178.82 242.50 Td (will ) Tj ET Q q 0 0 0 rg BT 195.16 242.50 Td (be ) Tj ET Q q 0 0 0 rg BT 208.73 242.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 257.87 242.50 Td (in ) Tj ET Q q 0 0 0 rg BT 268.10 242.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 312.81 242.50 Td (a ) Tj ET Q q 0 0 0 rg BT 320.82 242.50 Td (return ) Tj ET Q q 0 0 0 rg BT 349.39 242.50 Td (on ) Tj ET Q q 0 0 0 rg BT 362.97 242.50 Td (securityholders) Tj ET Q q 0 0 0 rg BT 432.07 242.50 Td ( ) Tj ET Q q 0 0 0 rg BT 434.52 242.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 485.33 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.46 242.50 Td (the ) Tj ET Q q 0 0 0 rg BT 520.81 242.50 Td (likelihood ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.77 230.50 Td (success ) Tj ET Q q 0 0 0 rg BT 99.83 230.50 Td (must ) Tj ET Q q 0 0 0 rg BT 124.43 230.50 Td (be ) Tj ET Q q 0 0 0 rg BT 138.49 230.50 Td (considered ) Tj ET Q q 0 0 0 rg BT 190.34 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 201.06 230.50 Td (light ) Tj ET Q q 0 0 0 rg BT 222.34 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 233.61 230.50 Td (its ) Tj ET Q q 0 0 0 rg BT 246.54 230.50 Td (early ) Tj ET Q q 0 0 0 rg BT 271.15 230.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 298.55 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 309.82 230.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 361.65 230.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 412.05 230.50 Td (, ) Tj ET Q q 0 0 0 rg BT 417.76 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.59 230.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.32 230.50 Td (has ) Tj ET Q q 0 0 0 rg BT 499.38 230.50 Td (no ) Tj ET Q q 0 0 0 rg BT 513.44 230.50 Td (intention ) Tj ET Q q 0 0 0 rg BT 554.18 230.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (paying ) Tj ET Q q 0 0 0 rg BT 81.47 218.50 Td (any ) Tj ET Q q 0 0 0 rg BT 100.10 218.50 Td (dividends ) Tj ET Q q 0 0 0 rg BT 144.85 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 155.14 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 218.50 Td (near ) Tj ET Q q 0 0 0 rg BT 194.06 218.50 Td (future. ) Tj ET Q q 0 0 0 rg BT 224.75 218.50 Td (There ) Tj ET Q q 0 0 0 rg BT 253.37 218.50 Td (can ) Tj ET Q q 0 0 0 rg BT 272.00 218.50 Td (be ) Tj ET Q q 0 0 0 rg BT 285.63 218.50 Td (no ) Tj ET Q q 0 0 0 rg BT 299.25 218.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 347.89 218.50 Td (that ) Tj ET Q q 0 0 0 rg BT 367.08 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 383.48 218.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.78 218.50 Td (will ) Tj ET Q q 0 0 0 rg BT 445.17 218.50 Td (be ) Tj ET Q q 0 0 0 rg BT 458.80 218.50 Td (able ) Tj ET Q q 0 0 0 rg BT 480.21 218.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.05 218.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 520.80 218.50 Td (adequate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 92.31 206.50 Td (in ) Tj ET Q q 0 0 0 rg BT 102.87 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.55 206.50 Td (future ) Tj ET Q q 0 0 0 rg BT 147.90 206.50 Td (or ) Tj ET Q q 0 0 0 rg BT 159.57 206.50 Td (that ) Tj ET Q q 0 0 0 rg BT 179.03 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 195.71 206.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 223.48 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.60 206.50 Td (such ) Tj ET Q q 0 0 0 rg BT 258.50 206.50 Td (financing, ) Tj ET Q q 0 0 0 rg BT 304.09 206.50 Td (if ) Tj ET Q q 0 0 0 rg BT 311.87 206.50 Td (able ) Tj ET Q q 0 0 0 rg BT 333.55 206.50 Td (to ) Tj ET Q q 0 0 0 rg BT 344.67 206.50 Td (be ) Tj ET Q q 0 0 0 rg BT 358.57 206.50 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 402.50 206.50 Td (will ) Tj ET Q q 0 0 0 rg BT 419.16 206.50 Td (be ) Tj ET Q q 0 0 0 rg BT 433.06 206.50 Td (favourable.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 106.17 182.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 142.29 182.50 Td (Requirements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.43 158.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 114.93 158.50 Td (made ) Tj ET Q q 0 0 0 rg BT 142.64 158.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 193.15 158.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 224.76 158.50 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 284.72 158.50 Td (to ) Tj ET Q q 0 0 0 rg BT 295.76 158.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 339.03 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 355.10 158.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 406.16 158.50 Td (and ) Tj ET Q q 0 0 0 rg BT 425.54 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 442.14 158.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 487.64 158.50 Td (may ) Tj ET Q q 0 0 0 rg BT 509.23 158.50 Td (have ) Tj ET Q q 0 0 0 rg BT 533.61 158.50 Td (limited ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.70 146.50 Td (to ) Tj ET Q q 0 0 0 rg BT 88.67 146.50 Td (access ) Tj ET Q q 0 0 0 rg BT 122.42 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.95 146.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 170.49 146.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 218.70 146.50 Td (to ) Tj ET Q q 0 0 0 rg BT 229.67 146.50 Td (undertake ) Tj ET Q q 0 0 0 rg BT 276.77 146.50 Td (or ) Tj ET Q q 0 0 0 rg BT 288.30 146.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 331.50 146.50 Td (future ) Tj ET Q q 0 0 0 rg BT 359.70 146.50 Td (projects. ) Tj ET Q q 0 0 0 rg BT 399.96 146.50 Td (There ) Tj ET Q q 0 0 0 rg BT 428.71 146.50 Td (can ) Tj ET Q q 0 0 0 rg BT 447.46 146.50 Td (be ) Tj ET Q q 0 0 0 rg BT 461.22 146.50 Td (no ) Tj ET Q q 0 0 0 rg BT 474.97 146.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 523.74 146.50 Td (that ) Tj ET Q q 0 0 0 rg BT 543.05 146.50 Td (debt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 134.50 Td (or ) Tj ET Q q 0 0 0 rg BT 61.49 134.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 91.26 134.50 Td (financing, ) Tj ET Q q 0 0 0 rg BT 137.17 134.50 Td (or ) Tj ET Q q 0 0 0 rg BT 149.15 134.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.37 134.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 221.50 134.50 Td (by ) Tj ET Q q 0 0 0 rg BT 235.16 134.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 284.95 134.50 Td (will ) Tj ET Q q 0 0 0 rg BT 301.93 134.50 Td (be ) Tj ET Q q 0 0 0 rg BT 316.15 134.50 Td (available ) Tj ET Q q 0 0 0 rg BT 358.72 134.50 Td (or ) Tj ET Q q 0 0 0 rg BT 370.70 134.50 Td (suf) Tj ET Q q 0 0 0 rg BT 383.86 134.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 413.08 134.50 Td (to ) Tj ET Q q 0 0 0 rg BT 424.51 134.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 449.84 134.50 Td (these ) Tj ET Q q 0 0 0 rg BT 477.40 134.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 538.85 134.50 Td (or ) Tj ET Q q 0 0 0 rg BT 550.84 134.50 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (other ) Tj ET Q q 0 0 0 rg BT 74.69 122.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 119.33 122.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 162.86 122.50 Td (or) Tj ET Q q 0 0 0 rg BT 171.20 122.50 Td (, ) Tj ET Q q 0 0 0 rg BT 176.38 122.50 Td (if ) Tj ET Q q 0 0 0 rg BT 183.77 122.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 205.63 122.50 Td (or ) Tj ET Q q 0 0 0 rg BT 216.92 122.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 246.00 122.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 288.43 122.50 Td (is ) Tj ET Q q 0 0 0 rg BT 298.04 122.50 Td (available, ) Tj ET Q q 0 0 0 rg BT 342.69 122.50 Td (that ) Tj ET Q q 0 0 0 rg BT 361.77 122.50 Td (it ) Tj ET Q q 0 0 0 rg BT 369.16 122.50 Td (will ) Tj ET Q q 0 0 0 rg BT 385.45 122.50 Td (be ) Tj ET Q q 0 0 0 rg BT 398.97 122.50 Td (on ) Tj ET Q q 0 0 0 rg BT 412.48 122.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 439.88 122.50 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 490.65 122.50 Td (to ) Tj ET Q q 0 0 0 rg BT 501.38 122.50 Td (the ) Tj ET Q q 0 0 0 rg BT 517.68 122.50 Td (Company) Tj ET Q q 0 0 0 rg BT 559.73 122.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 110.50 Td (Moreover) Tj ET Q q 0 0 0 rg BT 91.18 110.50 Td (, ) Tj ET Q q 0 0 0 rg BT 96.03 110.50 Td (future ) Tj ET Q q 0 0 0 rg BT 123.67 110.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 164.09 110.50 Td (may ) Tj ET Q q 0 0 0 rg BT 185.05 110.50 Td (require ) Tj ET Q q 0 0 0 rg BT 218.24 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.21 110.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.08 110.50 Td (to ) Tj ET Q q 0 0 0 rg BT 289.49 110.50 Td (alter ) Tj ET Q q 0 0 0 rg BT 311.01 110.50 Td (its ) Tj ET Q q 0 0 0 rg BT 323.08 110.50 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 382.96 110.50 Td (significantly) Tj ET Q q 0 0 0 rg BT 433.91 110.50 Td (. ) Tj ET Q q 0 0 0 rg BT 438.62 110.50 Td (The ) Tj ET Q q 0 0 0 rg BT 457.92 110.50 Td (inability ) Tj ET Q q 0 0 0 rg BT 493.34 110.50 Td (of ) Tj ET Q q 0 0 0 rg BT 503.75 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 519.72 110.50 Td (Company ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 98.50 Td (to ) Tj ET Q q 0 0 0 rg BT 59.96 98.50 Td (access ) Tj ET Q q 0 0 0 rg BT 93.20 98.50 Td (suf) Tj ET Q q 0 0 0 rg BT 106.36 98.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 134.61 98.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.63 98.50 Td (for ) Tj ET Q q 0 0 0 rg BT 179.42 98.50 Td (its ) Tj ET Q q 0 0 0 rg BT 191.54 98.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.36 98.50 Td (could ) Tj ET Q q 0 0 0 rg BT 266.39 98.50 Td (have ) Tj ET Q q 0 0 0 rg BT 290.20 98.50 Td (a ) Tj ET Q q 0 0 0 rg BT 297.88 98.50 Td (material ) Tj ET Q q 0 0 0 rg BT 335.57 98.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 373.26 98.50 Td (ef) Tj ET Q q 0 0 0 rg BT 381.42 98.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 399.66 98.50 Td (on ) Tj ET Q q 0 0 0 rg BT 412.90 98.50 Td (the ) Tj ET Q q 0 0 0 rg BT 428.93 98.50 Td (Company) Tj ET Q q 0 0 0 rg BT 473.77 98.50 Td (s ) Tj ET Q q 0 0 0 rg BT 480.89 98.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.70 98.50 Td (condition, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 86.50 Td (results ) Tj ET Q q 0 0 0 rg BT 81.73 86.50 Td (of ) Tj ET Q q 0 0 0 rg BT 92.85 86.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 145.11 86.50 Td (prospects ) Tj ET Q q 0 0 0 rg BT 191.24 86.50 Td (or ) Tj ET Q q 0 0 0 rg BT 202.91 86.50 Td (market ) Tj ET Q q 0 0 0 rg BT 236.25 86.50 Td (value.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I18 Do Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (18) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 106.72 674.50 Td (Risk) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (As ) Tj ET Q q 0 0 0 rg BT 65.77 650.50 Td (part ) Tj ET Q q 0 0 0 rg BT 87.60 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 100.55 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.05 650.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 153.67 650.50 Td (strategy ) Tj ET Q q 0 0 0 rg BT 193.84 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.78 650.50 Td (Bluestone, ) Tj ET Q q 0 0 0 rg BT 258.64 650.50 Td (it ) Tj ET Q q 0 0 0 rg BT 268.24 650.50 Td (may ) Tj ET Q q 0 0 0 rg BT 291.73 650.50 Td (pursue ) Tj ET Q q 0 0 0 rg BT 326.91 650.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 383.76 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 396.70 650.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 434.09 650.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 477.60 650.50 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 534.71 650.50 Td (These ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 103.84 638.50 Td (may ) Tj ET Q q 0 0 0 rg BT 124.82 638.50 Td (involve ) Tj ET Q q 0 0 0 rg BT 158.03 638.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 204.59 638.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.80 638.50 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 289.93 638.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 311.48 638.50 Td (incurrence, ) Tj ET Q q 0 0 0 rg BT 363.03 638.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 407.93 638.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 451.72 638.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 482.15 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 500.93 638.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 545.82 638.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 104.04 626.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 128.56 626.50 Td (that ) Tj ET Q q 0 0 0 rg BT 149.20 626.50 Td (could ) Tj ET Q q 0 0 0 rg BT 177.07 626.50 Td (have ) Tj ET Q q 0 0 0 rg BT 202.72 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 212.24 626.50 Td (material ) Tj ET Q q 0 0 0 rg BT 251.77 626.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 291.31 626.50 Td (ef) Tj ET Q q 0 0 0 rg BT 299.47 626.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 319.55 626.50 Td (on ) Tj ET Q q 0 0 0 rg BT 334.63 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.50 626.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.15 626.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 437.14 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 457.79 626.50 Td (results ) Tj ET Q q 0 0 0 rg BT 491.20 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 503.50 626.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 554.17 626.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (Bluestone. ) Tj ET Q q 0 0 0 rg BT 101.16 614.50 Td (Even ) Tj ET Q q 0 0 0 rg BT 128.36 614.50 Td (if ) Tj ET Q q 0 0 0 rg BT 137.76 614.50 Td (completed, ) Tj ET Q q 0 0 0 rg BT 191.08 614.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 239.96 614.50 Td (may ) Tj ET Q q 0 0 0 rg BT 263.26 614.50 Td (not ) Tj ET Q q 0 0 0 rg BT 281.57 614.50 Td (be ) Tj ET Q q 0 0 0 rg BT 297.09 614.50 Td (able ) Tj ET Q q 0 0 0 rg BT 320.40 614.50 Td (to ) Tj ET Q q 0 0 0 rg BT 333.15 614.50 Td (successfully ) Tj ET Q q 0 0 0 rg BT 391.46 614.50 Td (integrate ) Tj ET Q q 0 0 0 rg BT 434.78 614.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 477.54 614.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 531.98 614.50 Td (into ) Tj ET Q q 0 0 0 rg BT 552.50 614.50 Td (its ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 97.63 602.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 118.52 602.50 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 162.75 602.50 Td (it ) Tj ET Q q 0 0 0 rg BT 169.18 602.50 Td (may ) Tj ET Q q 0 0 0 rg BT 189.50 602.50 Td (not ) Tj ET Q q 0 0 0 rg BT 204.84 602.50 Td (be ) Tj ET Q q 0 0 0 rg BT 217.39 602.50 Td (able ) Tj ET Q q 0 0 0 rg BT 237.72 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 247.49 602.50 Td (realize ) Tj ET Q q 0 0 0 rg BT 278.38 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 293.71 602.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 333.51 602.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 369.97 602.50 Td (from ) Tj ET Q q 0 0 0 rg BT 391.40 602.50 Td (an ) Tj ET Q q 0 0 0 rg BT 403.95 602.50 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 455.41 602.50 Td (including ) Tj ET Q q 0 0 0 rg BT 496.31 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 511.36 602.50 Td (Acquisition. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (If ) Tj ET Q q 0 0 0 rg BT 58.22 590.50 Td (it ) Tj ET Q q 0 0 0 rg BT 66.39 590.50 Td (fails ) Tj ET Q q 0 0 0 rg BT 87.34 590.50 Td (to ) Tj ET Q q 0 0 0 rg BT 98.85 590.50 Td (successfully ) Tj ET Q q 0 0 0 rg BT 155.92 590.50 Td (integrate ) Tj ET Q q 0 0 0 rg BT 198.01 590.50 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 256.20 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 273.27 590.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.13 590.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 356.33 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 376.18 590.50 Td (results ) Tj ET Q q 0 0 0 rg BT 408.80 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 420.31 590.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 470.17 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 481.68 590.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 529.33 590.50 Td (may ) Tj ET Q q 0 0 0 rg BT 551.38 590.50 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 95.07 578.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 140.64 578.50 Td (af) Tj ET Q q 0 0 0 rg BT 148.80 578.50 Td (fected. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (Future ) Tj ET Q q 0 0 0 rg BT 83.39 554.50 Td (Sales ) Tj ET Q q 0 0 0 rg BT 112.30 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 125.08 554.50 Td (Issuances ) Tj ET Q q 0 0 0 rg BT 176.22 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 188.44 554.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 234.54 554.50 Td (Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.31 530.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 114.69 530.50 Td (may ) Tj ET Q q 0 0 0 rg BT 136.16 530.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 162.09 530.50 Td (common ) Tj ET Q q 0 0 0 rg BT 203.01 530.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.61 530.50 Td (or ) Tj ET Q q 0 0 0 rg BT 247.08 530.50 Td (other ) Tj ET Q q 0 0 0 rg BT 272.45 530.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 317.27 530.50 Td (to ) Tj ET Q q 0 0 0 rg BT 328.19 530.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 363.01 530.50 Td (future ) Tj ET Q q 0 0 0 rg BT 391.16 530.50 Td (activities. ) Tj ET Q q 0 0 0 rg BT 434.70 530.50 Td (The ) Tj ET Q q 0 0 0 rg BT 454.51 530.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.89 530.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 532.49 530.50 Td (predict ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 66.04 518.50 Td (size ) Tj ET Q q 0 0 0 rg BT 86.46 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 97.43 518.50 Td (future ) Tj ET Q q 0 0 0 rg BT 125.64 518.50 Td (issuances ) Tj ET Q q 0 0 0 rg BT 172.74 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.72 518.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 228.59 518.50 Td (or ) Tj ET Q q 0 0 0 rg BT 240.12 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 256.65 518.50 Td (ef) Tj ET Q q 0 0 0 rg BT 264.81 518.50 Td (fect, ) Tj ET Q q 0 0 0 rg BT 286.35 518.50 Td (if ) Tj ET Q q 0 0 0 rg BT 293.98 518.50 Td (any) Tj ET Q q 0 0 0 rg BT 309.36 518.50 Td (, ) Tj ET Q q 0 0 0 rg BT 314.78 518.50 Td (that ) Tj ET Q q 0 0 0 rg BT 334.09 518.50 Td (future ) Tj ET Q q 0 0 0 rg BT 362.30 518.50 Td (issuances ) Tj ET Q q 0 0 0 rg BT 409.40 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 428.72 518.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 454.70 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 465.68 518.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 510.55 518.50 Td (will ) Tj ET Q q 0 0 0 rg BT 527.07 518.50 Td (have ) Tj ET Q q 0 0 0 rg BT 551.39 518.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.13 506.50 Td (market ) Tj ET Q q 0 0 0 rg BT 97.42 506.50 Td (price ) Tj ET Q q 0 0 0 rg BT 120.82 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 130.89 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.51 506.50 Td (common ) Tj ET Q q 0 0 0 rg BT 186.59 506.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 221.11 506.50 Td (Sales ) Tj ET Q q 0 0 0 rg BT 247.85 506.50 Td (or ) Tj ET Q q 0 0 0 rg BT 258.47 506.50 Td (issuances ) Tj ET Q q 0 0 0 rg BT 304.66 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 314.73 506.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 364.26 506.50 Td (numbers ) Tj ET Q q 0 0 0 rg BT 404.90 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 414.96 506.50 Td (common ) Tj ET Q q 0 0 0 rg BT 455.03 506.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 489.55 506.50 Td (or ) Tj ET Q q 0 0 0 rg BT 500.17 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.80 506.50 Td (perception ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (that ) Tj ET Q q 0 0 0 rg BT 68.71 494.50 Td (such ) Tj ET Q q 0 0 0 rg BT 92.35 494.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 118.23 494.50 Td (could ) Tj ET Q q 0 0 0 rg BT 144.66 494.50 Td (occur) Tj ET Q q 0 0 0 rg BT 168.56 494.50 Td (, ) Tj ET Q q 0 0 0 rg BT 173.86 494.50 Td (may ) Tj ET Q q 0 0 0 rg BT 195.28 494.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 240.60 494.50 Td (af) Tj ET Q q 0 0 0 rg BT 248.76 494.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 267.41 494.50 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 312.74 494.50 Td (market ) Tj ET Q q 0 0 0 rg BT 345.82 494.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 375.02 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 385.89 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.32 494.50 Td (common ) Tj ET Q q 0 0 0 rg BT 443.19 494.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 478.51 494.50 Td (With ) Tj ET Q q 0 0 0 rg BT 501.03 494.50 Td (any ) Tj ET Q q 0 0 0 rg BT 519.68 494.50 Td (additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 69.71 482.50 Td (or ) Tj ET Q q 0 0 0 rg BT 80.46 482.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 121.79 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.99 482.50 Td (common ) Tj ET Q q 0 0 0 rg BT 172.20 482.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 206.85 482.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 248.73 482.50 Td (will ) Tj ET Q q 0 0 0 rg BT 264.47 482.50 Td (suf) Tj ET Q q 0 0 0 rg BT 277.63 482.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 291.16 482.50 Td (dilution ) Tj ET Q q 0 0 0 rg BT 324.71 482.50 Td (to ) Tj ET Q q 0 0 0 rg BT 334.92 482.50 Td (their ) Tj ET Q q 0 0 0 rg BT 356.23 482.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 384.78 482.50 Td (power ) Tj ET Q q 0 0 0 rg BT 413.87 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 432.42 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 448.18 482.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.84 482.50 Td (may ) Tj ET Q q 0 0 0 rg BT 513.59 482.50 Td (experience ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (dilution ) Tj ET Q q 0 0 0 rg BT 85.23 470.50 Td (in ) Tj ET Q q 0 0 0 rg BT 97.06 470.50 Td (its ) Tj ET Q q 0 0 0 rg BT 111.10 470.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 153.50 470.50 Td (per ) Tj ET Q q 0 0 0 rg BT 171.99 470.50 Td (share. ) Tj ET Q q 0 0 0 rg BT 203.56 470.50 Td (The ) Tj ET Q q 0 0 0 rg BT 224.84 470.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 266.11 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 278.50 470.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 305.88 470.50 Td (options, ) Tj ET Q q 0 0 0 rg BT 344.94 470.50 Td (warrants ) Tj ET Q q 0 0 0 rg BT 387.33 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 408.06 470.50 Td (other ) Tj ET Q q 0 0 0 rg BT 434.89 470.50 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 501.21 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 514.14 470.50 Td (convertible ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 94.14 458.50 Td (already ) Tj ET Q q 0 0 0 rg BT 129.34 458.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 160.65 458.50 Td (by ) Tj ET Q q 0 0 0 rg BT 173.62 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 189.92 458.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.12 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 254.21 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 270.52 458.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 312.39 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 323.13 458.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.35 458.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 412.99 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 423.18 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.48 458.50 Td (future ) Tj ET Q q 0 0 0 rg BT 467.46 458.50 Td (could ) Tj ET Q q 0 0 0 rg BT 493.77 458.50 Td (result ) Tj ET Q q 0 0 0 rg BT 520.62 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 530.81 458.50 Td (dilution ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.68 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 77.98 446.50 Td (value ) Tj ET Q q 0 0 0 rg BT 105.28 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.02 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 134.32 446.50 Td (common ) Tj ET Q q 0 0 0 rg BT 176.06 446.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 209.47 446.50 Td (and ) Tj ET Q q 0 0 0 rg BT 229.55 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 246.85 446.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 276.93 446.50 Td (power ) Tj ET Q q 0 0 0 rg BT 307.56 446.50 Td (represented ) Tj ET Q q 0 0 0 rg BT 364.33 446.50 Td (by ) Tj ET Q q 0 0 0 rg BT 378.29 446.50 Td (such ) Tj ET Q q 0 0 0 rg BT 402.81 446.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 438.78 446.50 Td (T) Tj ET Q q 0 0 0 rg BT 443.78 446.50 Td (o ) Tj ET Q q 0 0 0 rg BT 452.74 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.04 446.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 500.67 446.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 536.87 446.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.61 446.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 434.50 Td (s ) Tj ET Q q 0 0 0 rg BT 102.65 434.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 129.30 434.50 Td (options ) Tj ET Q q 0 0 0 rg BT 164.85 434.50 Td (or ) Tj ET Q q 0 0 0 rg BT 177.06 434.50 Td (other ) Tj ET Q q 0 0 0 rg BT 203.16 434.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 248.71 434.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 289.25 434.50 Td (their ) Tj ET Q q 0 0 0 rg BT 312.02 434.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 357.56 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.56 434.50 Td (sell ) Tj ET Q q 0 0 0 rg BT 395.87 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 413.08 434.50 Td (common ) Tj ET Q q 0 0 0 rg BT 454.74 434.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 488.06 434.50 Td (they ) Tj ET Q q 0 0 0 rg BT 510.27 434.50 Td (receive, ) Tj ET Q q 0 0 0 rg BT 548.60 434.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 83.82 422.50 Td (price ) Tj ET Q q 0 0 0 rg BT 109.25 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 121.33 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.98 422.50 Td (common ) Tj ET Q q 0 0 0 rg BT 181.07 422.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.83 422.50 Td (on ) Tj ET Q q 0 0 0 rg BT 229.70 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 247.11 422.50 Td (TSXV ) Tj ET Q q 0 0 0 rg BT 276.97 422.50 Td (may ) Tj ET Q q 0 0 0 rg BT 299.61 422.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.50 422.50 Td (due ) Tj ET Q q 0 0 0 rg BT 364.93 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 377.02 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.66 422.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 441.22 422.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.33 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 490.41 422.50 Td (common ) Tj ET Q q 0 0 0 rg BT 532.50 422.50 Td (shares ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (available ) Tj ET Q q 0 0 0 rg BT 91.75 410.50 Td (in ) Tj ET Q q 0 0 0 rg BT 102.31 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.99 410.50 Td (market.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (Competition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.47 362.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 101.67 362.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 139.42 362.50 Td (is ) Tj ET Q q 0 0 0 rg BT 149.38 362.50 Td (intensely ) Tj ET Q q 0 0 0 rg BT 191.59 362.50 Td (competitive ) Tj ET Q q 0 0 0 rg BT 244.90 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 264.33 362.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 311.54 362.50 Td (competes ) Tj ET Q q 0 0 0 rg BT 357.64 362.50 Td (with ) Tj ET Q q 0 0 0 rg BT 378.16 362.50 Td (many ) Tj ET Q q 0 0 0 rg BT 405.35 362.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 456.45 362.50 Td (that ) Tj ET Q q 0 0 0 rg BT 475.87 362.50 Td (have ) Tj ET Q q 0 0 0 rg BT 500.29 362.50 Td (more ) Tj ET Q q 0 0 0 rg BT 525.81 362.50 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.26 350.50 Td (technical ) Tj ET Q q 0 0 0 rg BT 111.79 350.50 Td (resources. ) Tj ET Q q 0 0 0 rg BT 161.55 350.50 Td (Since ) Tj ET Q q 0 0 0 rg BT 189.64 350.50 Td (mines ) Tj ET Q q 0 0 0 rg BT 219.38 350.50 Td (have ) Tj ET Q q 0 0 0 rg BT 244.14 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 252.77 350.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 284.74 350.50 Td (life, ) Tj ET Q q 0 0 0 rg BT 303.37 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 320.34 350.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.21 350.50 Td (must ) Tj ET Q q 0 0 0 rg BT 390.96 350.50 Td (compete ) Tj ET Q q 0 0 0 rg BT 432.38 350.50 Td (with ) Tj ET Q q 0 0 0 rg BT 453.24 350.50 Td (others ) Tj ET Q q 0 0 0 rg BT 484.10 350.50 Td (who ) Tj ET Q q 0 0 0 rg BT 505.52 350.50 Td (seek ) Tj ET Q q 0 0 0 rg BT 529.71 350.50 Td (mineral ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (reserves ) Tj ET Q q 0 0 0 rg BT 90.06 338.50 Td (through ) Tj ET Q q 0 0 0 rg BT 126.20 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.32 338.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 191.79 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 202.35 338.50 Td (new ) Tj ET Q q 0 0 0 rg BT 222.91 338.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 272.38 338.50 Td (In ) Tj ET Q q 0 0 0 rg BT 282.94 338.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 322.96 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 339.08 338.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.10 338.50 Td (also ) Tj ET Q q 0 0 0 rg BT 404.67 338.50 Td (competes ) Tj ET Q q 0 0 0 rg BT 450.24 338.50 Td (for ) Tj ET Q q 0 0 0 rg BT 464.13 338.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.25 338.50 Td (technical ) Tj ET Q q 0 0 0 rg BT 521.94 338.50 Td (expertise ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (needed ) Tj ET Q q 0 0 0 rg BT 84.70 326.50 Td (to ) Tj ET Q q 0 0 0 rg BT 94.88 326.50 Td (find, ) Tj ET Q q 0 0 0 rg BT 115.62 326.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 152.48 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 171.00 326.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 206.75 326.50 Td (such ) Tj ET Q q 0 0 0 rg BT 229.71 326.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 278.79 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 294.53 326.50 Td (labour ) Tj ET Q q 0 0 0 rg BT 324.16 326.50 Td (to ) Tj ET Q q 0 0 0 rg BT 334.34 326.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 370.09 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 385.83 326.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 432.13 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 450.65 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 466.39 326.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 497.13 326.50 Td (for ) Tj ET Q q 0 0 0 rg BT 510.63 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.37 326.50 Td (purpose ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.06 314.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 95.09 314.50 Td (such ) Tj ET Q q 0 0 0 rg BT 118.43 314.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 167.89 314.50 Td (Many ) Tj ET Q q 0 0 0 rg BT 194.57 314.50 Td (competitors ) Tj ET Q q 0 0 0 rg BT 248.47 314.50 Td (not ) Tj ET Q q 0 0 0 rg BT 264.59 314.50 Td (only ) Tj ET Q q 0 0 0 rg BT 285.15 314.50 Td (explore ) Tj ET Q q 0 0 0 rg BT 320.17 314.50 Td (for ) Tj ET Q q 0 0 0 rg BT 334.06 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 352.96 314.50 Td (mine ) Tj ET Q q 0 0 0 rg BT 376.86 314.50 Td (metals, ) Tj ET Q q 0 0 0 rg BT 411.31 314.50 Td (but ) Tj ET Q q 0 0 0 rg BT 427.43 314.50 Td (conduct ) Tj ET Q q 0 0 0 rg BT 464.67 314.50 Td (refining ) Tj ET Q q 0 0 0 rg BT 499.69 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.59 314.50 Td (marketing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 98.52 302.50 Td (on ) Tj ET Q q 0 0 0 rg BT 111.95 302.50 Td (a ) Tj ET Q q 0 0 0 rg BT 119.83 302.50 Td (global ) Tj ET Q q 0 0 0 rg BT 148.84 302.50 Td (basis. ) Tj ET Q q 0 0 0 rg BT 177.28 302.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 202.38 302.50 Td (competition ) Tj ET Q q 0 0 0 rg BT 255.84 302.50 Td (may ) Tj ET Q q 0 0 0 rg BT 277.05 302.50 Td (result ) Tj ET Q q 0 0 0 rg BT 303.81 302.50 Td (in ) Tj ET Q q 0 0 0 rg BT 313.91 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 330.13 302.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.25 302.50 Td (being ) Tj ET Q q 0 0 0 rg BT 402.03 302.50 Td (unable ) Tj ET Q q 0 0 0 rg BT 434.37 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 445.03 302.50 Td (acquire ) Tj ET Q q 0 0 0 rg BT 480.14 302.50 Td (desired ) Tj ET Q q 0 0 0 rg BT 515.26 302.50 Td (properties, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 61.61 290.50 Td (recruit ) Tj ET Q q 0 0 0 rg BT 93.16 290.50 Td (or ) Tj ET Q q 0 0 0 rg BT 105.81 290.50 Td (retain ) Tj ET Q q 0 0 0 rg BT 134.59 290.50 Td (qualified ) Tj ET Q q 0 0 0 rg BT 175.61 290.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 227.74 290.50 Td (or ) Tj ET Q q 0 0 0 rg BT 240.39 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.50 290.50 Td (acquire ) Tj ET Q q 0 0 0 rg BT 289.06 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.73 290.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.40 290.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 388.75 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 400.85 290.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 424.08 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 441.75 290.50 Td (Company) Tj ET Q q 0 0 0 rg BT 486.59 290.50 Td (s ) Tj ET Q q 0 0 0 rg BT 495.35 290.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 545.82 290.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 86.44 278.50 Td (its ) Tj ET Q q 0 0 0 rg BT 98.35 278.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 147.51 278.50 Td (Existing ) Tj ET Q q 0 0 0 rg BT 184.44 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 195.24 278.50 Td (future ) Tj ET Q q 0 0 0 rg BT 222.72 278.50 Td (competition ) Tj ET Q q 0 0 0 rg BT 275.77 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 285.47 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 301.28 278.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 332.65 278.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 369.58 278.50 Td (could ) Tj ET Q q 0 0 0 rg BT 395.39 278.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 440.09 278.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 484.80 278.50 Td (af) Tj ET Q q 0 0 0 rg BT 492.96 278.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.99 278.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 557.51 278.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (prospects ) Tj ET Q q 0 0 0 rg BT 96.40 266.50 Td (for ) Tj ET Q q 0 0 0 rg BT 111.63 266.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 147.96 266.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 200.43 266.50 Td (and ) Tj ET Q q 0 0 0 rg BT 220.67 266.50 Td (development ) Tj ET Q q 0 0 0 rg BT 281.48 266.50 Td (and ) Tj ET Q q 0 0 0 rg BT 301.72 266.50 Td (success ) Tj ET Q q 0 0 0 rg BT 341.39 266.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.72 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.17 266.50 Td (future. ) Tj ET Q q 0 0 0 rg BT 402.07 266.50 Td (In ) Tj ET Q q 0 0 0 rg BT 413.96 266.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 455.32 266.50 Td (some ) Tj ET Q q 0 0 0 rg BT 483.33 266.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.22 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 512.67 266.50 Td (Company) Tj ET Q q 0 0 0 rg BT 557.51 266.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (competitors ) Tj ET Q q 0 0 0 rg BT 104.79 254.50 Td (may ) Tj ET Q q 0 0 0 rg BT 127.28 254.50 Td (have ) Tj ET Q q 0 0 0 rg BT 152.57 254.50 Td (an ) Tj ET Q q 0 0 0 rg BT 167.29 254.50 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 233.72 254.50 Td (market ) Tj ET Q q 0 0 0 rg BT 267.89 254.50 Td (position ) Tj ET Q q 0 0 0 rg BT 305.96 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 326.24 254.50 Td (have ) Tj ET Q q 0 0 0 rg BT 351.53 254.50 Td (greater ) Tj ET Q q 0 0 0 rg BT 386.81 254.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 427.11 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 447.39 254.50 Td (other ) Tj ET Q q 0 0 0 rg BT 473.79 254.50 Td (resources ) Tj ET Q q 0 0 0 rg BT 521.29 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 541.58 254.50 Td (may) Tj ET Q q 0 0 0 rg BT 559.73 254.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 94.91 242.50 Td (be ) Tj ET Q q 0 0 0 rg BT 108.65 242.50 Td (able ) Tj ET Q q 0 0 0 rg BT 130.16 242.50 Td (to ) Tj ET Q q 0 0 0 rg BT 141.11 242.50 Td (better ) Tj ET Q q 0 0 0 rg BT 169.29 242.50 Td (withstand ) Tj ET Q q 0 0 0 rg BT 214.15 242.50 Td (poor ) Tj ET Q q 0 0 0 rg BT 236.77 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 256.07 242.50 Td (volatile ) Tj ET Q q 0 0 0 rg BT 289.81 242.50 Td (market ) Tj ET Q q 0 0 0 rg BT 322.98 242.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 373.39 242.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 403.25 242.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 445.89 242.50 Td (on ) Tj ET Q q 0 0 0 rg BT 459.62 242.50 Td (better ) Tj ET Q q 0 0 0 rg BT 487.80 242.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 515.41 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 534.71 242.50 Td (attract ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (better ) Tj ET Q q 0 0 0 rg BT 77.83 230.50 Td (or ) Tj ET Q q 0 0 0 rg BT 89.47 230.50 Td (more ) Tj ET Q q 0 0 0 rg BT 115.01 230.50 Td (qualified ) Tj ET Q q 0 0 0 rg BT 155.01 230.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 208.90 230.50 Td (any ) Tj ET Q q 0 0 0 rg BT 227.78 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 238.88 230.50 Td (which ) Tj ET Q q 0 0 0 rg BT 267.20 230.50 Td (may ) Tj ET Q q 0 0 0 rg BT 288.84 230.50 Td (have ) Tj ET Q q 0 0 0 rg BT 313.28 230.50 Td (an ) Tj ET Q q 0 0 0 rg BT 327.16 230.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 365.49 230.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 397.69 230.50 Td (on ) Tj ET Q q 0 0 0 rg BT 411.57 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 428.23 230.50 Td (Company) Tj ET Q q 0 0 0 rg BT 473.06 230.50 Td (s ) Tj ET Q q 0 0 0 rg BT 480.82 230.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 525.82 230.50 Td (financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 92.13 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 111.41 218.50 Td (results ) Tj ET Q q 0 0 0 rg BT 143.46 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.40 218.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 206.30 218.50 Td (There ) Tj ET Q q 0 0 0 rg BT 235.02 218.50 Td (can ) Tj ET Q q 0 0 0 rg BT 253.75 218.50 Td (be ) Tj ET Q q 0 0 0 rg BT 267.47 218.50 Td (no ) Tj ET Q q 0 0 0 rg BT 281.19 218.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 329.92 218.50 Td (that ) Tj ET Q q 0 0 0 rg BT 349.20 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 365.70 218.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.09 218.50 Td (can ) Tj ET Q q 0 0 0 rg BT 429.81 218.50 Td (compete ) Tj ET Q q 0 0 0 rg BT 470.77 218.50 Td (ef) Tj ET Q q 0 0 0 rg BT 478.93 218.50 Td (fectively ) Tj ET Q q 0 0 0 rg BT 517.65 218.50 Td (with ) Tj ET Q q 0 0 0 rg BT 538.03 218.50 Td (these ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (companies.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (Dependence ) Tj ET Q q 0 0 0 rg BT 111.74 182.50 Td (on ) Tj ET Q q 0 0 0 rg BT 126.74 182.50 Td (Key ) Tj ET Q q 0 0 0 rg BT 147.86 182.50 Td (Personnel) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 97.44 158.50 Td (is ) Tj ET Q q 0 0 0 rg BT 108.13 158.50 Td (reliant ) Tj ET Q q 0 0 0 rg BT 138.83 158.50 Td (on ) Tj ET Q q 0 0 0 rg BT 153.41 158.50 Td (key ) Tj ET Q q 0 0 0 rg BT 172.44 158.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 219.82 158.50 Td (employed ) Tj ET Q q 0 0 0 rg BT 266.64 158.50 Td (or ) Tj ET Q q 0 0 0 rg BT 279.00 158.50 Td (engaged ) Tj ET Q q 0 0 0 rg BT 321.39 158.50 Td (by ) Tj ET Q q 0 0 0 rg BT 335.42 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.78 158.50 Td (Company) Tj ET Q q 0 0 0 rg BT 394.84 158.50 Td (. ) Tj ET Q q 0 0 0 rg BT 401.08 158.50 Td (Loss ) Tj ET Q q 0 0 0 rg BT 425.67 158.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.47 158.50 Td (such ) Tj ET Q q 0 0 0 rg BT 462.06 158.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 509.44 158.50 Td (may ) Tj ET Q q 0 0 0 rg BT 531.80 158.50 Td (have ) Tj ET Q q 0 0 0 rg BT 556.94 158.50 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (material ) Tj ET Q q 0 0 0 rg BT 88.76 146.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 121.90 146.50 Td (on ) Tj ET Q q 0 0 0 rg BT 136.72 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.31 146.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.14 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 226.17 146.50 Td (Bluestone. ) Tj ET Q q 0 0 0 rg BT 277.12 146.50 Td (In ) Tj ET Q q 0 0 0 rg BT 289.15 146.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 330.65 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.24 146.50 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 393.06 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 405.09 146.50 Td (qualified ) Tj ET Q q 0 0 0 rg BT 446.03 146.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 493.65 146.50 Td (is ) Tj ET Q q 0 0 0 rg BT 504.56 146.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 536.58 146.50 Td (to ) Tj ET Q q 0 0 0 rg BT 548.62 146.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 134.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 134.50 Td (s ) Tj ET Q q 0 0 0 rg BT 101.90 134.50 Td (success. ) Tj ET Q q 0 0 0 rg BT 142.86 134.50 Td (As ) Tj ET Q q 0 0 0 rg BT 157.09 134.50 Td (the ) Tj ET Q q 0 0 0 rg BT 173.55 134.50 Td (Company) Tj ET Q q 0 0 0 rg BT 218.39 134.50 Td (s ) Tj ET Q q 0 0 0 rg BT 225.95 134.50 Td (business ) Tj ET Q q 0 0 0 rg BT 267.98 134.50 Td (grows, ) Tj ET Q q 0 0 0 rg BT 300.00 134.50 Td (it ) Tj ET Q q 0 0 0 rg BT 307.56 134.50 Td (will ) Tj ET Q q 0 0 0 rg BT 324.01 134.50 Td (require ) Tj ET Q q 0 0 0 rg BT 357.70 134.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 403.08 134.50 Td (key ) Tj ET Q q 0 0 0 rg BT 421.20 134.50 Td (financial, ) Tj ET Q q 0 0 0 rg BT 463.23 134.50 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 530.26 134.50 Td (mining, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (marketing ) Tj ET Q q 0 0 0 rg BT 95.87 122.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.01 122.50 Td (public ) Tj ET Q q 0 0 0 rg BT 143.60 122.50 Td (relations ) Tj ET Q q 0 0 0 rg BT 183.85 122.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 230.23 122.50 Td (as ) Tj ET Q q 0 0 0 rg BT 243.26 122.50 Td (well ) Tj ET Q q 0 0 0 rg BT 262.94 122.50 Td (as ) Tj ET Q q 0 0 0 rg BT 275.96 122.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 321.23 122.50 Td (staf) Tj ET Q q 0 0 0 rg BT 337.17 122.50 Td (f ) Tj ET Q q 0 0 0 rg BT 342.41 122.50 Td (for ) Tj ET Q q 0 0 0 rg BT 356.54 122.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 408.48 122.50 Td (While ) Tj ET Q q 0 0 0 rg BT 435.94 122.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 482.88 122.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 522.03 122.50 Td (that ) Tj ET Q q 0 0 0 rg BT 541.17 122.50 Td (it ) Tj ET Q q 0 0 0 rg BT 548.63 122.50 Td (will ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 110.50 Td (be ) Tj ET Q q 0 0 0 rg BT 63.40 110.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 112.86 110.50 Td (in ) Tj ET Q q 0 0 0 rg BT 123.43 110.50 Td (attracting ) Tj ET Q q 0 0 0 rg BT 167.34 110.50 Td (and ) Tj ET Q q 0 0 0 rg BT 186.80 110.50 Td (retaining ) Tj ET Q q 0 0 0 rg BT 227.94 110.50 Td (qualified ) Tj ET Q q 0 0 0 rg BT 267.97 110.50 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 317.44 110.50 Td (there ) Tj ET Q q 0 0 0 rg BT 343.02 110.50 Td (can ) Tj ET Q q 0 0 0 rg BT 361.92 110.50 Td (be ) Tj ET Q q 0 0 0 rg BT 375.82 110.50 Td (no ) Tj ET Q q 0 0 0 rg BT 389.72 110.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 438.64 110.50 Td (of ) Tj ET Q q 0 0 0 rg BT 449.75 110.50 Td (such ) Tj ET Q q 0 0 0 rg BT 473.66 110.50 Td (success.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I19 Do Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (19) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Current ) Tj ET Q q 0 0 0 rg BT 88.39 674.50 Td (Global ) Tj ET Q q 0 0 0 rg BT 122.28 674.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 168.41 674.50 Td (Conditions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Current ) Tj ET Q q 0 0 0 rg BT 85.93 650.50 Td (global ) Tj ET Q q 0 0 0 rg BT 115.70 650.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.47 650.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 203.58 650.50 Td (for ) Tj ET Q q 0 0 0 rg BT 218.33 650.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 250.87 650.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 302.31 650.50 Td (have ) Tj ET Q q 0 0 0 rg BT 327.08 650.50 Td (been ) Tj ET Q q 0 0 0 rg BT 352.41 650.50 Td (af) Tj ET Q q 0 0 0 rg BT 360.57 650.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 390.89 650.50 Td (by ) Tj ET Q q 0 0 0 rg BT 404.54 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 413.18 650.50 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 460.74 650.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 495.51 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 506.38 650.50 Td (commodities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (prices. ) Tj ET Q q 0 0 0 rg BT 81.15 638.50 Td (Access ) Tj ET Q q 0 0 0 rg BT 116.12 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 127.20 638.50 Td (public ) Tj ET Q q 0 0 0 rg BT 156.06 638.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 198.83 638.50 Td (has ) Tj ET Q q 0 0 0 rg BT 217.69 638.50 Td (also ) Tj ET Q q 0 0 0 rg BT 238.78 638.50 Td (been ) Tj ET Q q 0 0 0 rg BT 263.76 638.50 Td (negatively ) Tj ET Q q 0 0 0 rg BT 311.53 638.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 354.84 638.50 Td (by ) Tj ET Q q 0 0 0 rg BT 368.15 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 384.79 638.50 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 432.01 638.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 466.43 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 476.96 638.50 Td (commodities ) Tj ET Q q 0 0 0 rg BT 535.82 638.50 Td (prices ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 69.25 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.22 626.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 127.08 626.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 171.29 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 182.13 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 199.10 626.50 Td (values ) Tj ET Q q 0 0 0 rg BT 231.07 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 242.48 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.45 626.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 304.75 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 316.15 626.50 Td (many ) Tj ET Q q 0 0 0 rg BT 343.67 626.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 376.20 626.50 Td (companies. ) Tj ET Q q 0 0 0 rg BT 430.20 626.50 Td (These ) Tj ET Q q 0 0 0 rg BT 461.06 626.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 494.14 626.50 Td (may ) Tj ET Q q 0 0 0 rg BT 516.09 626.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.61 626.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 76.84 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 86.95 614.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 133.20 614.50 Td (to ) Tj ET Q q 0 0 0 rg BT 143.32 614.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 172.33 614.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 200.79 614.50 Td (or ) Tj ET Q q 0 0 0 rg BT 211.46 614.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 232.69 614.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 274.49 614.50 Td (in ) Tj ET Q q 0 0 0 rg BT 284.05 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 299.73 614.50 Td (future ) Tj ET Q q 0 0 0 rg BT 327.07 614.50 Td (on ) Tj ET Q q 0 0 0 rg BT 339.97 614.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 366.74 614.50 Td (favourable ) Tj ET Q q 0 0 0 rg BT 415.21 614.50 Td (to ) Tj ET Q q 0 0 0 rg BT 425.32 614.50 Td (Bluestone, ) Tj ET Q q 0 0 0 rg BT 474.35 614.50 Td (or ) Tj ET Q q 0 0 0 rg BT 485.02 614.50 Td (at ) Tj ET Q q 0 0 0 rg BT 495.13 614.50 Td (all. ) Tj ET Q q 0 0 0 rg BT 509.33 614.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.73 614.50 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (these ) Tj ET Q q 0 0 0 rg BT 76.46 602.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 111.75 602.50 Td (as ) Tj ET Q q 0 0 0 rg BT 124.81 602.50 Td (well ) Tj ET Q q 0 0 0 rg BT 144.53 602.50 Td (as ) Tj ET Q q 0 0 0 rg BT 157.59 602.50 Td (other ) Tj ET Q q 0 0 0 rg BT 182.88 602.50 Td (related ) Tj ET Q q 0 0 0 rg BT 215.95 602.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 251.24 602.50 Td (may ) Tj ET Q q 0 0 0 rg BT 272.63 602.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 301.81 602.50 Td (decreases ) Tj ET Q q 0 0 0 rg BT 350.44 602.50 Td (in ) Tj ET Q q 0 0 0 rg BT 360.73 602.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 387.12 602.50 Td (values ) Tj ET Q q 0 0 0 rg BT 418.53 602.50 Td (that ) Tj ET Q q 0 0 0 rg BT 437.71 602.50 Td (are ) Tj ET Q q 0 0 0 rg BT 454.66 602.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 493.29 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 504.13 602.50 Td (be ) Tj ET Q q 0 0 0 rg BT 517.75 602.50 Td (other ) Tj ET Q q 0 0 0 rg BT 543.04 602.50 Td (than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (temporary) Tj ET Q q 0 0 0 rg BT 93.77 590.50 Td (, ) Tj ET Q q 0 0 0 rg BT 98.84 590.50 Td (which ) Tj ET Q q 0 0 0 rg BT 126.69 590.50 Td (may ) Tj ET Q q 0 0 0 rg BT 147.86 590.50 Td (result ) Tj ET Q q 0 0 0 rg BT 174.60 590.50 Td (in ) Tj ET Q q 0 0 0 rg BT 184.67 590.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 236.41 590.50 Td (losses. ) Tj ET Q q 0 0 0 rg BT 269.82 590.50 Td (If ) Tj ET Q q 0 0 0 rg BT 277.66 590.50 Td (such ) Tj ET Q q 0 0 0 rg BT 301.07 590.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 350.05 590.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 377.90 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.53 590.50 Td (commodity ) Tj ET Q q 0 0 0 rg BT 439.16 590.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 468.12 590.50 Td (continue, ) Tj ET Q q 0 0 0 rg BT 510.99 590.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 557.51 590.50 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 98.36 578.50 Td (could ) Tj ET Q q 0 0 0 rg BT 124.43 578.50 Td (be ) Tj ET Q q 0 0 0 rg BT 137.72 578.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 182.68 578.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 225.42 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 244.27 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 260.33 578.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 293.07 578.50 Td (price ) Tj ET Q q 0 0 0 rg BT 316.91 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 327.42 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 343.48 578.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 387.88 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 398.38 578.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 445.02 578.50 Td (may ) Tj ET Q q 0 0 0 rg BT 466.08 578.50 Td (be ) Tj ET Q q 0 0 0 rg BT 479.37 578.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 524.33 578.50 Td (af) Tj ET Q q 0 0 0 rg BT 532.49 578.50 Td (fected.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (Control ) Tj ET Q q 0 0 0 rg BT 87.83 554.50 Td (Person ) Tj ET Q q 0 0 0 rg BT 124.50 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 136.72 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.50 554.50 Td (Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 530.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 83.19 530.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 142.46 530.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 181.14 530.50 Td (control ) Tj ET Q q 0 0 0 rg BT 212.61 530.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.96 530.50 Td (direction ) Tj ET Q q 0 0 0 rg BT 262.21 530.50 Td (over ) Tj ET Q q 0 0 0 rg BT 283.11 530.50 Td (an ) Tj ET Q q 0 0 0 rg BT 295.69 530.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 342.18 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.98 530.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 415.68 530.50 Td (36% ) Tj ET Q q 0 0 0 rg BT 437.15 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 446.94 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.29 530.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 492.65 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 510.79 530.50 Td (outstanding ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (common ) Tj ET Q q 0 0 0 rg BT 91.79 518.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 127.75 518.50 Td (As ) Tj ET Q q 0 0 0 rg BT 143.37 518.50 Td (such, ) Tj ET Q q 0 0 0 rg BT 171.22 518.50 Td (these ) Tj ET Q q 0 0 0 rg BT 199.63 518.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 261.40 518.50 Td (may ) Tj ET Q q 0 0 0 rg BT 284.24 518.50 Td (have ) Tj ET Q q 0 0 0 rg BT 309.87 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.72 518.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 357.24 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 369.53 518.50 Td (substantially ) Tj ET Q q 0 0 0 rg BT 428.50 518.50 Td (af) Tj ET Q q 0 0 0 rg BT 436.66 518.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.73 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 474.58 518.50 Td (outcome ) Tj ET Q q 0 0 0 rg BT 516.88 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 518.50 Td (matters ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (submitted ) Tj ET Q q 0 0 0 rg BT 97.78 506.50 Td (to ) Tj ET Q q 0 0 0 rg BT 111.04 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 129.87 506.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 192.61 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.87 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 224.70 506.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.42 506.50 Td (for ) Tj ET Q q 0 0 0 rg BT 289.02 506.50 Td (approval. ) Tj ET Q q 0 0 0 rg BT 334.76 506.50 Td (The ) Tj ET Q q 0 0 0 rg BT 356.92 506.50 Td (Company) Tj ET Q q 0 0 0 rg BT 401.76 506.50 Td (s ) Tj ET Q q 0 0 0 rg BT 411.68 506.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 454.40 506.50 Td (and ) Tj ET Q q 0 0 0 rg BT 476.01 506.50 Td (those ) Tj ET Q q 0 0 0 rg BT 505.40 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 518.67 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 537.49 506.50 Td (major ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 109.28 494.50 Td (may ) Tj ET Q q 0 0 0 rg BT 130.15 494.50 Td (at ) Tj ET Q q 0 0 0 rg BT 140.46 494.50 Td (times ) Tj ET Q q 0 0 0 rg BT 166.32 494.50 Td (conflict, ) Tj ET Q q 0 0 0 rg BT 202.19 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 220.85 494.50 Td (this ) Tj ET Q q 0 0 0 rg BT 238.38 494.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 271.48 494.50 Td (might ) Tj ET Q q 0 0 0 rg BT 297.90 494.50 Td (be ) Tj ET Q q 0 0 0 rg BT 310.99 494.50 Td (resolved ) Tj ET Q q 0 0 0 rg BT 350.76 494.50 Td (against ) Tj ET Q q 0 0 0 rg BT 384.98 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 400.85 494.50 Td (Company) Tj ET Q q 0 0 0 rg BT 445.69 494.50 Td (s ) Tj ET Q q 0 0 0 rg BT 452.66 494.50 Td (interests. ) Tj ET Q q 0 0 0 rg BT 495.21 494.50 Td (Sales ) Tj ET Q q 0 0 0 rg BT 522.19 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 532.50 494.50 Td (shares ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (by ) Tj ET Q q 0 0 0 rg BT 62.84 482.50 Td (major ) Tj ET Q q 0 0 0 rg BT 90.62 482.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 151.21 482.50 Td (can ) Tj ET Q q 0 0 0 rg BT 170.12 482.50 Td (have ) Tj ET Q q 0 0 0 rg BT 194.58 482.50 Td (a ) Tj ET Q q 0 0 0 rg BT 202.92 482.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 243.50 482.50 Td (ef) Tj ET Q q 0 0 0 rg BT 251.66 482.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 270.56 482.50 Td (on ) Tj ET Q q 0 0 0 rg BT 284.46 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 482.50 Td (Company) Tj ET Q q 0 0 0 rg BT 345.98 482.50 Td (s ) Tj ET Q q 0 0 0 rg BT 353.76 482.50 Td (share ) Tj ET Q q 0 0 0 rg BT 381.55 482.50 Td (price.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (Public ) Tj ET Q q 0 0 0 rg BT 82.28 458.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.62 458.50 Td (Requirements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (As ) Tj ET Q q 0 0 0 rg BT 64.62 434.50 Td (a ) Tj ET Q q 0 0 0 rg BT 73.63 434.50 Td (public ) Tj ET Q q 0 0 0 rg BT 103.20 434.50 Td (company) Tj ET Q q 0 0 0 rg BT 143.04 434.50 Td (, ) Tj ET Q q 0 0 0 rg BT 149.26 434.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 197.19 434.50 Td (is ) Tj ET Q q 0 0 0 rg BT 207.85 434.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.99 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 254.77 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 272.12 434.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 315.04 434.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 376.84 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.63 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.98 434.50 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 452.24 434.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 497.92 434.50 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 548.62 434.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (listing ) Tj ET Q q 0 0 0 rg BT 78.23 422.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 139.75 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 151.24 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 168.10 422.50 Td (TSXV ) Tj ET Q q 0 0 0 rg BT 197.38 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 217.22 422.50 Td (other ) Tj ET Q q 0 0 0 rg BT 243.17 422.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 291.37 422.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 336.76 422.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 361.60 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.44 422.50 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 436.30 422.50 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 492.26 422.50 Td (with ) Tj ET Q q 0 0 0 rg BT 513.21 422.50 Td (these ) Tj ET Q q 0 0 0 rg BT 540.83 422.50 Td (rules ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.10 410.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 118.94 410.50 Td (has ) Tj ET Q q 0 0 0 rg BT 136.98 410.50 Td (increased, ) Tj ET Q q 0 0 0 rg BT 185.03 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 203.64 410.50 Td (will ) Tj ET Q q 0 0 0 rg BT 219.44 410.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 243.58 410.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 283.31 410.50 Td (to ) Tj ET Q q 0 0 0 rg BT 293.56 410.50 Td (increase, ) Tj ET Q q 0 0 0 rg BT 336.06 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 351.88 410.50 Td (Company) Tj ET Q q 0 0 0 rg BT 396.71 410.50 Td (s ) Tj ET Q q 0 0 0 rg BT 403.63 410.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 426.68 410.50 Td (and ) Tj ET Q q 0 0 0 rg BT 445.28 410.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.88 410.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 536.38 410.50 Td (costs, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (make ) Tj ET Q q 0 0 0 rg BT 76.16 398.50 Td (some ) Tj ET Q q 0 0 0 rg BT 102.83 398.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 143.38 398.50 Td (more ) Tj ET Q q 0 0 0 rg BT 168.37 398.50 Td (dif) Tj ET Q q 0 0 0 rg BT 178.75 398.50 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 204.30 398.50 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 277.10 398.50 Td (or ) Tj ET Q q 0 0 0 rg BT 288.20 398.50 Td (costly ) Tj ET Q q 0 0 0 rg BT 315.97 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 334.86 398.50 Td (place ) Tj ET Q q 0 0 0 rg BT 360.98 398.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 407.66 398.50 Td (strain ) Tj ET Q q 0 0 0 rg BT 434.32 398.50 Td (on ) Tj ET Q q 0 0 0 rg BT 447.65 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 463.76 398.50 Td (Company) Tj ET Q q 0 0 0 rg BT 508.60 398.50 Td (s ) Tj ET Q q 0 0 0 rg BT 515.81 398.50 Td (personnel, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (systems ) Tj ET Q q 0 0 0 rg BT 89.14 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 108.80 386.50 Td (resources. ) Tj ET Q q 0 0 0 rg BT 158.45 386.50 Td (In ) Tj ET Q q 0 0 0 rg BT 169.76 386.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 210.54 386.50 Td (changing ) Tj ET Q q 0 0 0 rg BT 254.10 386.50 Td (laws, ) Tj ET Q q 0 0 0 rg BT 279.86 386.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 331.75 386.50 Td (and ) Tj ET Q q 0 0 0 rg BT 351.41 386.50 Td (standards ) Tj ET Q q 0 0 0 rg BT 398.29 386.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 434.06 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 445.37 386.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 490.59 386.50 Td (governance ) Tj ET Q q 0 0 0 rg BT 545.82 386.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (public ) Tj ET Q q 0 0 0 rg BT 78.72 374.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 126.83 374.50 Td (are ) Tj ET Q q 0 0 0 rg BT 144.38 374.50 Td (creating ) Tj ET Q q 0 0 0 rg BT 183.04 374.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 235.05 374.50 Td (for ) Tj ET Q q 0 0 0 rg BT 249.81 374.50 Td (public ) Tj ET Q q 0 0 0 rg BT 279.03 374.50 Td (companies, ) Tj ET Q q 0 0 0 rg BT 333.26 374.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 381.94 374.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 406.16 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 425.93 374.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.71 374.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 519.39 374.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 545.82 374.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (making ) Tj ET Q q 0 0 0 rg BT 87.36 362.50 Td (some ) Tj ET Q q 0 0 0 rg BT 117.43 362.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 161.40 362.50 Td (more ) Tj ET Q q 0 0 0 rg BT 189.81 362.50 Td (time ) Tj ET Q q 0 0 0 rg BT 214.32 362.50 Td (consuming. ) Tj ET Q q 0 0 0 rg BT 270.71 362.50 Td (These ) Tj ET Q q 0 0 0 rg BT 304.13 362.50 Td (laws, ) Tj ET Q q 0 0 0 rg BT 332.53 362.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 387.08 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 409.38 362.50 Td (standards ) Tj ET Q q 0 0 0 rg BT 458.92 362.50 Td (are ) Tj ET Q q 0 0 0 rg BT 479.00 362.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 516.30 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 530.27 362.50 Td (varying ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 118.38 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 128.89 350.50 Td (many ) Tj ET Q q 0 0 0 rg BT 156.07 350.50 Td (cases ) Tj ET Q q 0 0 0 rg BT 184.92 350.50 Td (due ) Tj ET Q q 0 0 0 rg BT 204.33 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 215.40 350.50 Td (their ) Tj ET Q q 0 0 0 rg BT 237.58 350.50 Td (lack ) Tj ET Q q 0 0 0 rg BT 258.09 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 269.16 350.50 Td (specificity) Tj ET Q q 0 0 0 rg BT 311.76 350.50 Td (, ) Tj ET Q q 0 0 0 rg BT 317.27 350.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 339.46 350.50 Td (as ) Tj ET Q q 0 0 0 rg BT 352.75 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 361.04 350.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 391.00 350.50 Td (their ) Tj ET Q q 0 0 0 rg BT 413.18 350.50 Td (application ) Tj ET Q q 0 0 0 rg BT 463.72 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 474.23 350.50 Td (practice ) Tj ET Q q 0 0 0 rg BT 511.97 350.50 Td (may ) Tj ET Q q 0 0 0 rg BT 533.59 350.50 Td (evolve ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (over ) Tj ET Q q 0 0 0 rg BT 72.13 338.50 Td (time. ) Tj ET Q q 0 0 0 rg BT 96.77 338.50 Td (This ) Tj ET Q q 0 0 0 rg BT 118.84 338.50 Td (could ) Tj ET Q q 0 0 0 rg BT 145.92 338.50 Td (result ) Tj ET Q q 0 0 0 rg BT 173.55 338.50 Td (in ) Tj ET Q q 0 0 0 rg BT 184.51 338.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 233.28 338.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 285.38 338.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 330.80 338.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 384.56 338.50 Td (matters, ) Tj ET Q q 0 0 0 rg BT 423.86 338.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 454.83 338.50 Td (administrative ) Tj ET Q q 0 0 0 rg BT 519.70 338.50 Td (expenses ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 70.12 326.50 Td (a ) Tj ET Q q 0 0 0 rg BT 79.61 326.50 Td (diversion ) Tj ET Q q 0 0 0 rg BT 123.56 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 135.84 326.50 Td (management) Tj ET Q q 0 0 0 rg BT 196.25 326.50 Td (s ) Tj ET Q q 0 0 0 rg BT 205.18 326.50 Td (time ) Tj ET Q q 0 0 0 rg BT 228.00 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.62 326.50 Td (attention. ) Tj ET Q q 0 0 0 rg BT 293.70 326.50 Td (Further) Tj ET Q q 0 0 0 rg BT 325.38 326.50 Td (, ) Tj ET Q q 0 0 0 rg BT 332.09 326.50 Td (if ) Tj ET Q q 0 0 0 rg BT 341.02 326.50 Td (the ) Tj ET Q q 0 0 0 rg BT 358.85 326.50 Td (Company) Tj ET Q q 0 0 0 rg BT 403.69 326.50 Td (s ) Tj ET Q q 0 0 0 rg BT 412.62 326.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 467.14 326.50 Td (ef) Tj ET Q q 0 0 0 rg BT 475.30 326.50 Td (forts ) Tj ET Q q 0 0 0 rg BT 498.68 326.50 Td (dif) Tj ET Q q 0 0 0 rg BT 509.06 326.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 524.66 326.50 Td (from ) Tj ET Q q 0 0 0 rg BT 548.59 326.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 90.32 314.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 131.17 314.50 Td (by ) Tj ET Q q 0 0 0 rg BT 144.21 314.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 191.16 314.50 Td (or ) Tj ET Q q 0 0 0 rg BT 202.53 314.50 Td (governing ) Tj ET Q q 0 0 0 rg BT 248.93 314.50 Td (bodies ) Tj ET Q q 0 0 0 rg BT 280.87 314.50 Td (due ) Tj ET Q q 0 0 0 rg BT 300.04 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 310.85 314.50 Td (ambiguities ) Tj ET Q q 0 0 0 rg BT 363.91 314.50 Td (related ) Tj ET Q q 0 0 0 rg BT 396.97 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 407.79 314.50 Td (practice, ) Tj ET Q q 0 0 0 rg BT 448.06 314.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 495.00 314.50 Td (authorities ) Tj ET Q q 0 0 0 rg BT 543.62 314.50 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (initiate ) Tj ET Q q 0 0 0 rg BT 80.60 302.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 103.92 302.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 160.60 302.50 Td (against ) Tj ET Q q 0 0 0 rg BT 195.04 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.14 302.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.13 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.01 302.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.11 302.50 Td (Company) Tj ET Q q 0 0 0 rg BT 335.95 302.50 Td (s ) Tj ET Q q 0 0 0 rg BT 343.14 302.50 Td (business ) Tj ET Q q 0 0 0 rg BT 384.80 302.50 Td (may ) Tj ET Q q 0 0 0 rg BT 405.89 302.50 Td (be ) Tj ET Q q 0 0 0 rg BT 419.21 302.50 Td (harmed. ) Tj ET Q q 0 0 0 rg BT 458.09 302.50 Td (Being ) Tj ET Q q 0 0 0 rg BT 485.86 302.50 Td (a ) Tj ET Q q 0 0 0 rg BT 493.61 302.50 Td (public ) Tj ET Q q 0 0 0 rg BT 521.94 302.50 Td (company ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (that ) Tj ET Q q 0 0 0 rg BT 68.81 290.50 Td (is ) Tj ET Q q 0 0 0 rg BT 78.66 290.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.97 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 123.94 290.50 Td (these ) Tj ET Q q 0 0 0 rg BT 151.03 290.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 175.34 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 194.65 290.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 246.20 290.50 Td (also ) Tj ET Q q 0 0 0 rg BT 267.17 290.50 Td (makes ) Tj ET Q q 0 0 0 rg BT 299.26 290.50 Td (it ) Tj ET Q q 0 0 0 rg BT 306.88 290.50 Td (more ) Tj ET Q q 0 0 0 rg BT 332.30 290.50 Td (expensive ) Tj ET Q q 0 0 0 rg BT 379.96 290.50 Td (for ) Tj ET Q q 0 0 0 rg BT 394.25 290.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 441.36 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 452.33 290.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 482.20 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 501.52 290.50 Td (retain ) Tj ET Q q 0 0 0 rg BT 529.16 290.50 Td (director ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 70.44 278.50 Td (of) Tj ET Q q 0 0 0 rg BT 78.60 278.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 101.75 278.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 136.01 278.50 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 186.41 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 207.35 278.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 256.08 278.50 Td (may ) Tj ET Q q 0 0 0 rg BT 279.23 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 291.27 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.42 278.50 Td (future ) Tj ET Q q 0 0 0 rg BT 339.25 278.50 Td (be ) Tj ET Q q 0 0 0 rg BT 354.63 278.50 Td (required ) Tj ET Q q 0 0 0 rg BT 395.58 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 408.17 278.50 Td (accept ) Tj ET Q q 0 0 0 rg BT 441.89 278.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 482.28 278.50 Td (coverage ) Tj ET Q q 0 0 0 rg BT 527.68 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 540.82 278.50 Td (incur ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (substantially ) Tj ET Q q 0 0 0 rg BT 107.31 266.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 137.88 266.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.00 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 175.12 266.50 Td (obtain ) Tj ET Q q 0 0 0 rg BT 205.14 266.50 Td (or ) Tj ET Q q 0 0 0 rg BT 216.81 266.50 Td (retain ) Tj ET Q q 0 0 0 rg BT 244.61 266.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 289.09 266.50 Td (coverage.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (Marketability ) Tj ET Q q 0 0 0 rg BT 113.41 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 125.63 242.50 Td (Natural ) Tj ET Q q 0 0 0 rg BT 162.86 242.50 Td (Resources) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.61 218.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 101.94 218.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 139.83 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 150.49 218.50 Td (general ) Tj ET Q q 0 0 0 rg BT 186.72 218.50 Td (is ) Tj ET Q q 0 0 0 rg BT 196.82 218.50 Td (intensely ) Tj ET Q q 0 0 0 rg BT 239.16 218.50 Td (competitive ) Tj ET Q q 0 0 0 rg BT 292.61 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.17 218.50 Td (there ) Tj ET Q q 0 0 0 rg BT 337.83 218.50 Td (is ) Tj ET Q q 0 0 0 rg BT 347.93 218.50 Td (no ) Tj ET Q q 0 0 0 rg BT 361.93 218.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 410.94 218.50 Td (that, ) Tj ET Q q 0 0 0 rg BT 433.27 218.50 Td (even ) Tj ET Q q 0 0 0 rg BT 457.83 218.50 Td (if ) Tj ET Q q 0 0 0 rg BT 465.71 218.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 519.70 218.50 Td (quantities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 206.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 96.92 206.50 Td (resources ) Tj ET Q q 0 0 0 rg BT 143.98 206.50 Td (are ) Tj ET Q q 0 0 0 rg BT 161.58 206.50 Td (discovered, ) Tj ET Q q 0 0 0 rg BT 215.87 206.50 Td (a ) Tj ET Q q 0 0 0 rg BT 224.58 206.50 Td (profitable ) Tj ET Q q 0 0 0 rg BT 268.86 206.50 Td (market ) Tj ET Q q 0 0 0 rg BT 302.57 206.50 Td (will ) Tj ET Q q 0 0 0 rg BT 319.61 206.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 343.32 206.50 Td (for ) Tj ET Q q 0 0 0 rg BT 358.14 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.19 206.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 396.68 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.17 206.50 Td (such ) Tj ET Q q 0 0 0 rg BT 432.44 206.50 Td (minerals. ) Tj ET Q q 0 0 0 rg BT 476.15 206.50 Td (Factors ) Tj ET Q q 0 0 0 rg BT 512.64 206.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 548.60 206.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (control ) Tj ET Q q 0 0 0 rg BT 83.33 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 95.48 194.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 143.77 194.50 Td (may ) Tj ET Q q 0 0 0 rg BT 166.47 194.50 Td (af) Tj ET Q q 0 0 0 rg BT 174.63 194.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 194.56 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.27 194.50 Td (marketability ) Tj ET Q q 0 0 0 rg BT 272.21 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 284.37 194.50 Td (any ) Tj ET Q q 0 0 0 rg BT 304.30 194.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 340.90 194.50 Td (occurrences ) Tj ET Q q 0 0 0 rg BT 399.18 194.50 Td (discovered. ) Tj ET Q q 0 0 0 rg BT 453.88 194.50 Td (The ) Tj ET Q q 0 0 0 rg BT 474.93 194.50 Td (price ) Tj ET Q q 0 0 0 rg BT 500.41 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 512.56 194.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 545.83 194.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (minerals ) Tj ET Q q 0 0 0 rg BT 91.50 182.50 Td (has ) Tj ET Q q 0 0 0 rg BT 111.83 182.50 Td (experienced ) Tj ET Q q 0 0 0 rg BT 170.53 182.50 Td (volatile ) Tj ET Q q 0 0 0 rg BT 205.87 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 226.76 182.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 275.44 182.50 Td (price ) Tj ET Q q 0 0 0 rg BT 301.33 182.50 Td (movements ) Tj ET Q q 0 0 0 rg BT 357.22 182.50 Td (over ) Tj ET Q q 0 0 0 rg BT 380.89 182.50 Td (short ) Tj ET Q q 0 0 0 rg BT 407.33 182.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 444.34 182.50 Td (of ) Tj ET Q q 0 0 0 rg BT 456.89 182.50 Td (time ) Tj ET Q q 0 0 0 rg BT 480.00 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 500.89 182.50 Td (is ) Tj ET Q q 0 0 0 rg BT 512.32 182.50 Td (af) Tj ET Q q 0 0 0 rg BT 520.48 182.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 551.94 182.50 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (numerous ) Tj ET Q q 0 0 0 rg BT 96.48 170.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 129.01 170.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 164.33 170.50 Td (the ) Tj ET Q q 0 0 0 rg BT 180.75 170.50 Td (control ) Tj ET Q q 0 0 0 rg BT 213.28 170.50 Td (of ) Tj ET Q q 0 0 0 rg BT 224.13 170.50 Td (Bluestone, ) Tj ET Q q 0 0 0 rg BT 273.90 170.50 Td (including ) Tj ET Q q 0 0 0 rg BT 315.89 170.50 Td (international ) Tj ET Q q 0 0 0 rg BT 372.89 170.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 418.20 170.50 Td (and ) Tj ET Q q 0 0 0 rg BT 437.40 170.50 Td (political ) Tj ET Q q 0 0 0 rg BT 473.27 170.50 Td (trends, ) Tj ET Q q 0 0 0 rg BT 506.35 170.50 Td (expectations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.21 158.50 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 101.83 158.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 143.54 158.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 190.28 158.50 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 247.02 158.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.18 158.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 308.79 158.50 Td (and ) Tj ET Q q 0 0 0 rg BT 328.84 158.50 Td (global ) Tj ET Q q 0 0 0 rg BT 358.90 158.50 Td (or ) Tj ET Q q 0 0 0 rg BT 371.17 158.50 Td (regional ) Tj ET Q q 0 0 0 rg BT 410.12 158.50 Td (consumption ) Tj ET Q q 0 0 0 rg BT 470.19 158.50 Td (patterns, ) Tj ET Q q 0 0 0 rg BT 512.47 158.50 Td (speculative ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 90.62 146.50 Td (and ) Tj ET Q q 0 0 0 rg BT 110.09 146.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 156.22 146.50 Td (production ) Tj ET Q q 0 0 0 rg BT 205.70 146.50 Td (due ) Tj ET Q q 0 0 0 rg BT 225.16 146.50 Td (to ) Tj ET Q q 0 0 0 rg BT 236.28 146.50 Td (improved ) Tj ET Q q 0 0 0 rg BT 280.19 146.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 312.42 146.50 Td (and ) Tj ET Q q 0 0 0 rg BT 331.89 146.50 Td (production ) Tj ET Q q 0 0 0 rg BT 381.37 146.50 Td (methods.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I20 Do Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (20) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Conflicts ) Tj ET Q q 0 0 0 rg BT 95.06 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 107.27 674.50 Td (Interest) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 84.71 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.02 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 112.89 650.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 154.21 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 165.52 650.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 212.97 650.50 Td (are ) Tj ET Q q 0 0 0 rg BT 230.40 650.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 271.71 650.50 Td (or ) Tj ET Q q 0 0 0 rg BT 283.58 650.50 Td (of) Tj ET Q q 0 0 0 rg BT 291.74 650.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 318.60 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.91 650.50 Td (other ) Tj ET Q q 0 0 0 rg BT 355.68 650.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 391.44 650.50 Td (resource ) Tj ET Q q 0 0 0 rg BT 433.32 650.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 484.65 650.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 507.08 650.50 Td (to ) Tj ET Q q 0 0 0 rg BT 518.40 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.27 650.50 Td (extent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (that ) Tj ET Q q 0 0 0 rg BT 68.71 638.50 Td (such ) Tj ET Q q 0 0 0 rg BT 92.35 638.50 Td (other ) Tj ET Q q 0 0 0 rg BT 117.67 638.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 168.56 638.50 Td (may ) Tj ET Q q 0 0 0 rg BT 189.98 638.50 Td (be ) Tj ET Q q 0 0 0 rg BT 203.63 638.50 Td (interested ) Tj ET Q q 0 0 0 rg BT 250.07 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 260.38 638.50 Td (a ) Tj ET Q q 0 0 0 rg BT 268.46 638.50 Td (project ) Tj ET Q q 0 0 0 rg BT 301.00 638.50 Td (also ) Tj ET Q q 0 0 0 rg BT 321.87 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 332.74 638.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 368.06 638.50 Td (to ) Tj ET Q q 0 0 0 rg BT 378.92 638.50 Td (Bluestone, ) Tj ET Q q 0 0 0 rg BT 428.71 638.50 Td (or ) Tj ET Q q 0 0 0 rg BT 440.12 638.50 Td (may ) Tj ET Q q 0 0 0 rg BT 461.54 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 471.85 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 488.28 638.50 Td (future ) Tj ET Q q 0 0 0 rg BT 516.38 638.50 Td (participate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.18 626.50 Td (one ) Tj ET Q q 0 0 0 rg BT 79.77 626.50 Td (or ) Tj ET Q q 0 0 0 rg BT 91.56 626.50 Td (more ) Tj ET Q q 0 0 0 rg BT 117.24 626.50 Td (ventures ) Tj ET Q q 0 0 0 rg BT 158.49 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 169.17 626.50 Td (which ) Tj ET Q q 0 0 0 rg BT 197.64 626.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 245.02 626.50 Td (participates, ) Tj ET Q q 0 0 0 rg BT 301.83 626.50 Td (such ) Tj ET Q q 0 0 0 rg BT 325.85 626.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 367.10 626.50 Td (may ) Tj ET Q q 0 0 0 rg BT 388.89 626.50 Td (have ) Tj ET Q q 0 0 0 rg BT 413.47 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 421.93 626.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 455.95 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 467.19 626.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.88 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 513.57 626.50 Td (negotiating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 614.50 Td (concluding ) Tj ET Q q 0 0 0 rg BT 118.32 614.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 145.48 614.50 Td (respecting ) Tj ET Q q 0 0 0 rg BT 193.78 614.50 Td (such ) Tj ET Q q 0 0 0 rg BT 217.06 614.50 Td (other ) Tj ET Q q 0 0 0 rg BT 242.02 614.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 279.19 614.50 Td (or ) Tj ET Q q 0 0 0 rg BT 290.25 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.31 614.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 335.71 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 346.21 614.50 Td (such ) Tj ET Q q 0 0 0 rg BT 369.50 614.50 Td (participation. ) Tj ET Q q 0 0 0 rg BT 428.36 614.50 Td (In ) Tj ET Q q 0 0 0 rg BT 438.86 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.92 614.50 Td (event ) Tj ET Q q 0 0 0 rg BT 481.54 614.50 Td (that ) Tj ET Q q 0 0 0 rg BT 500.38 614.50 Td (such ) Tj ET Q q 0 0 0 rg BT 523.67 614.50 Td (a ) Tj ET Q q 0 0 0 rg BT 531.39 614.50 Td (conflict ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 602.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 95.66 602.50 Td (arises, ) Tj ET Q q 0 0 0 rg BT 127.62 602.50 Td (at ) Tj ET Q q 0 0 0 rg BT 138.47 602.50 Td (a ) Tj ET Q q 0 0 0 rg BT 146.55 602.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 184.64 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.49 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.90 602.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 252.76 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 263.61 602.50 Td (Bluestone, ) Tj ET Q q 0 0 0 rg BT 313.38 602.50 Td (a ) Tj ET Q q 0 0 0 rg BT 321.45 602.50 Td (director ) Tj ET Q q 0 0 0 rg BT 357.31 602.50 Td (who ) Tj ET Q q 0 0 0 rg BT 378.17 602.50 Td (has ) Tj ET Q q 0 0 0 rg BT 396.80 602.50 Td (such ) Tj ET Q q 0 0 0 rg BT 420.44 602.50 Td (a ) Tj ET Q q 0 0 0 rg BT 428.51 602.50 Td (conflict ) Tj ET Q q 0 0 0 rg BT 462.15 602.50 Td (will ) Tj ET Q q 0 0 0 rg BT 478.55 602.50 Td (abstain ) Tj ET Q q 0 0 0 rg BT 513.30 602.50 Td (from ) Tj ET Q q 0 0 0 rg BT 535.82 602.50 Td (voting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (for ) Tj ET Q q 0 0 0 rg BT 64.73 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 77.18 590.50 Td (against ) Tj ET Q q 0 0 0 rg BT 112.99 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 130.45 590.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 172.37 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 184.27 590.50 Td (such ) Tj ET Q q 0 0 0 rg BT 208.95 590.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 259.76 590.50 Td (or ) Tj ET Q q 0 0 0 rg BT 272.21 590.50 Td (participation. ) Tj ET Q q 0 0 0 rg BT 332.47 590.50 Td (In ) Tj ET Q q 0 0 0 rg BT 344.37 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 361.83 590.50 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 415.98 590.50 Td (cases, ) Tj ET Q q 0 0 0 rg BT 448.44 590.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 496.48 590.50 Td (will ) Tj ET Q q 0 0 0 rg BT 513.92 590.50 Td (establish ) Tj ET Q q 0 0 0 rg BT 556.95 590.50 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (special ) Tj ET Q q 0 0 0 rg BT 83.31 578.50 Td (committee ) Tj ET Q q 0 0 0 rg BT 132.11 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.13 578.50 Td (independent ) Tj ET Q q 0 0 0 rg BT 200.86 578.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 241.89 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.90 578.50 Td (review ) Tj ET Q q 0 0 0 rg BT 284.48 578.50 Td (a ) Tj ET Q q 0 0 0 rg BT 292.72 578.50 Td (matter ) Tj ET Q q 0 0 0 rg BT 323.74 578.50 Td (in ) Tj ET Q q 0 0 0 rg BT 334.20 578.50 Td (which ) Tj ET Q q 0 0 0 rg BT 362.45 578.50 Td (several ) Tj ET Q q 0 0 0 rg BT 397.36 578.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 438.39 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 449.96 578.50 Td (management ) Tj ET Q q 0 0 0 rg BT 511.01 578.50 Td (may ) Tj ET Q q 0 0 0 rg BT 532.58 578.50 Td (have ) Tj ET Q q 0 0 0 rg BT 556.94 578.50 Td (a ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (conflict. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (Uninsurable ) Tj ET Q q 0 0 0 rg BT 110.07 542.50 Td (Risks) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 96.02 518.50 Td (s ) Tj ET Q q 0 0 0 rg BT 104.89 518.50 Td (business ) Tj ET Q q 0 0 0 rg BT 148.24 518.50 Td (is ) Tj ET Q q 0 0 0 rg BT 159.34 518.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 194.90 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 207.11 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 216.55 518.50 Td (number ) Tj ET Q q 0 0 0 rg BT 254.33 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 266.55 518.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 290.98 518.50 Td (and ) Tj ET Q q 0 0 0 rg BT 311.54 518.50 Td (hazards ) Tj ET Q q 0 0 0 rg BT 350.99 518.50 Td (generally) Tj ET Q q 0 0 0 rg BT 390.83 518.50 Td (, ) Tj ET Q q 0 0 0 rg BT 397.48 518.50 Td (including, ) Tj ET Q q 0 0 0 rg BT 443.61 518.50 Td (but ) Tj ET Q q 0 0 0 rg BT 461.39 518.50 Td (not ) Tj ET Q q 0 0 0 rg BT 479.16 518.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 511.94 518.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 526.93 518.50 Td (adverse ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 115.03 506.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 165.56 506.50 Td (industrial ) Tj ET Q q 0 0 0 rg BT 208.30 506.50 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 256.04 506.50 Td (labour ) Tj ET Q q 0 0 0 rg BT 286.56 506.50 Td (disputes, ) Tj ET Q q 0 0 0 rg BT 329.30 506.50 Td (unusual ) Tj ET Q q 0 0 0 rg BT 367.05 506.50 Td (or ) Tj ET Q q 0 0 0 rg BT 378.66 506.50 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 433.08 506.50 Td (geological ) Tj ET Q q 0 0 0 rg BT 480.84 506.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 531.36 506.50 Td (ground ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (or ) Tj ET Q q 0 0 0 rg BT 60.79 494.50 Td (slope ) Tj ET Q q 0 0 0 rg BT 87.10 494.50 Td (failures, ) Tj ET Q q 0 0 0 rg BT 124.52 494.50 Td (cave-ins, ) Tj ET Q q 0 0 0 rg BT 166.94 494.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 207.15 494.50 Td (in ) Tj ET Q q 0 0 0 rg BT 217.33 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.64 494.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 280.51 494.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 337.94 494.50 Td (and ) Tj ET Q q 0 0 0 rg BT 357.02 494.50 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.00 494.50 Td (phenomena ) Tj ET Q q 0 0 0 rg BT 445.23 494.50 Td (such ) Tj ET Q q 0 0 0 rg BT 468.75 494.50 Td (as ) Tj ET Q q 0 0 0 rg BT 481.72 494.50 Td (inclement ) Tj ET Q q 0 0 0 rg BT 526.92 494.50 Td (weather ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 101.11 482.50 Td (floods ) Tj ET Q q 0 0 0 rg BT 131.60 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 152.09 482.50 Td (earthquakes. ) Tj ET Q q 0 0 0 rg BT 213.71 482.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 240.31 482.50 Td (occurrences ) Tj ET Q q 0 0 0 rg BT 298.59 482.50 Td (could ) Tj ET Q q 0 0 0 rg BT 326.30 482.50 Td (result ) Tj ET Q q 0 0 0 rg BT 354.56 482.50 Td (in ) Tj ET Q q 0 0 0 rg BT 366.14 482.50 Td (damage ) Tj ET Q q 0 0 0 rg BT 406.09 482.50 Td (to ) Tj ET Q q 0 0 0 rg BT 418.23 482.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 454.83 482.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 503.10 482.50 Td (or ) Tj ET Q q 0 0 0 rg BT 515.79 482.50 Td (production ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 90.34 470.50 Td (personal ) Tj ET Q q 0 0 0 rg BT 131.19 470.50 Td (injury ) Tj ET Q q 0 0 0 rg BT 157.57 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 168.96 470.50 Td (death, ) Tj ET Q q 0 0 0 rg BT 199.25 470.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 264.55 470.50 Td (damage ) Tj ET Q q 0 0 0 rg BT 303.18 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 314.01 470.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 360.53 470.50 Td (s ) Tj ET Q q 0 0 0 rg BT 368.02 470.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 414.98 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 426.36 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 442.75 470.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 489.71 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 500.54 470.50 Td (others, ) Tj ET Q q 0 0 0 rg BT 533.60 470.50 Td (delays ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.78 458.50 Td (mining, ) Tj ET Q q 0 0 0 rg BT 96.52 458.50 Td (monetary ) Tj ET Q q 0 0 0 rg BT 141.70 458.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 173.55 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 193.73 458.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 233.92 458.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 258.55 458.50 Td (liability) Tj ET Q q 0 0 0 rg BT 287.82 458.50 Td (. ) Tj ET Q q 0 0 0 rg BT 293.40 458.50 Td (Although ) Tj ET Q q 0 0 0 rg BT 336.38 458.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 384.36 458.50 Td (intends ) Tj ET Q q 0 0 0 rg BT 420.10 458.50 Td (to ) Tj ET Q q 0 0 0 rg BT 431.94 458.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 473.24 458.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 520.10 458.50 Td (to ) Tj ET Q q 0 0 0 rg BT 531.94 458.50 Td (protect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (against ) Tj ET Q q 0 0 0 rg BT 84.93 446.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 118.13 446.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 141.87 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 152.84 446.50 Td (such ) Tj ET Q q 0 0 0 rg BT 177.14 446.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 218.68 446.50 Td (as ) Tj ET Q q 0 0 0 rg BT 232.43 446.50 Td (it ) Tj ET Q q 0 0 0 rg BT 240.62 446.50 Td (considers ) Tj ET Q q 0 0 0 rg BT 286.60 446.50 Td (to ) Tj ET Q q 0 0 0 rg BT 298.12 446.50 Td (be ) Tj ET Q q 0 0 0 rg BT 312.43 446.50 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 367.88 446.50 Td (its ) Tj ET Q q 0 0 0 rg BT 381.06 446.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 427.61 446.50 Td (may ) Tj ET Q q 0 0 0 rg BT 449.68 446.50 Td (not ) Tj ET Q q 0 0 0 rg BT 466.77 446.50 Td (cover ) Tj ET Q q 0 0 0 rg BT 494.41 446.50 Td (all ) Tj ET Q q 0 0 0 rg BT 507.60 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 524.68 446.50 Td (potential ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 73.15 434.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 124.06 434.50 Td (with ) Tj ET Q q 0 0 0 rg BT 144.94 434.50 Td (a ) Tj ET Q q 0 0 0 rg BT 153.60 434.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 186.16 434.50 Td (company) Tj ET Q q 0 0 0 rg BT 228.78 434.50 Td (s ) Tj ET Q q 0 0 0 rg BT 236.88 434.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 289.45 434.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 337.03 434.50 Td (may ) Tj ET Q q 0 0 0 rg BT 359.02 434.50 Td (also ) Tj ET Q q 0 0 0 rg BT 380.47 434.50 Td (be ) Tj ET Q q 0 0 0 rg BT 394.69 434.50 Td (unable ) Tj ET Q q 0 0 0 rg BT 427.82 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 439.26 434.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 480.16 434.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 526.61 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.05 434.50 Td (cover ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (these ) Tj ET Q q 0 0 0 rg BT 77.10 422.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 100.79 422.50 Td (at ) Tj ET Q q 0 0 0 rg BT 112.26 422.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 173.20 422.50 Td (feasible ) Tj ET Q q 0 0 0 rg BT 210.81 422.50 Td (premiums. ) Tj ET Q q 0 0 0 rg BT 260.62 422.50 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 307.67 422.50 Td (coverage ) Tj ET Q q 0 0 0 rg BT 351.94 422.50 Td (may ) Tj ET Q q 0 0 0 rg BT 373.97 422.50 Td (not ) Tj ET Q q 0 0 0 rg BT 391.01 422.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 431.95 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 443.43 422.50 Td (be ) Tj ET Q q 0 0 0 rg BT 457.69 422.50 Td (available ) Tj ET Q q 0 0 0 rg BT 500.30 422.50 Td (or ) Tj ET Q q 0 0 0 rg BT 512.32 422.50 Td (may ) Tj ET Q q 0 0 0 rg BT 534.35 422.50 Td (not ) Tj ET Q q 0 0 0 rg BT 551.39 422.50 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 94.44 410.50 Td (to ) Tj ET Q q 0 0 0 rg BT 106.01 410.50 Td (cover ) Tj ET Q q 0 0 0 rg BT 133.70 410.50 Td (any ) Tj ET Q q 0 0 0 rg BT 153.06 410.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 194.09 410.50 Td (liability) Tj ET Q q 0 0 0 rg BT 223.35 410.50 Td (. ) Tj ET Q q 0 0 0 rg BT 229.37 410.50 Td (Moreover) Tj ET Q q 0 0 0 rg BT 271.05 410.50 Td (, ) Tj ET Q q 0 0 0 rg BT 277.06 410.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 323.65 410.50 Td (against ) Tj ET Q q 0 0 0 rg BT 359.13 410.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 382.92 410.50 Td (such ) Tj ET Q q 0 0 0 rg BT 407.27 410.50 Td (as ) Tj ET Q q 0 0 0 rg BT 421.07 410.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 487.11 410.50 Td (pollution ) Tj ET Q q 0 0 0 rg BT 527.60 410.50 Td (or ) Tj ET Q q 0 0 0 rg BT 539.72 410.50 Td (other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (hazards ) Tj ET Q q 0 0 0 rg BT 87.82 398.50 Td (as ) Tj ET Q q 0 0 0 rg BT 101.13 398.50 Td (a ) Tj ET Q q 0 0 0 rg BT 109.43 398.50 Td (result ) Tj ET Q q 0 0 0 rg BT 136.63 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 147.72 398.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 199.38 398.50 Td (and ) Tj ET Q q 0 0 0 rg BT 218.81 398.50 Td (production ) Tj ET Q q 0 0 0 rg BT 268.25 398.50 Td (is ) Tj ET Q q 0 0 0 rg BT 278.22 398.50 Td (not ) Tj ET Q q 0 0 0 rg BT 294.87 398.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 338.19 398.50 Td (available ) Tj ET Q q 0 0 0 rg BT 380.41 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 391.49 398.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 438.72 398.50 Td (or ) Tj ET Q q 0 0 0 rg BT 450.35 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 461.44 398.50 Td (other ) Tj ET Q q 0 0 0 rg BT 486.97 398.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 538.08 398.50 Td (in ) Tj ET Q q 0 0 0 rg BT 548.61 398.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (mining ) Tj ET Q q 0 0 0 rg BT 82.22 386.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 120.50 386.50 Td (on ) Tj ET Q q 0 0 0 rg BT 134.88 386.50 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 186.52 386.50 Td (terms. ) Tj ET Q q 0 0 0 rg BT 217.56 386.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 265.30 386.50 Td (might ) Tj ET Q q 0 0 0 rg BT 293.01 386.50 Td (also ) Tj ET Q q 0 0 0 rg BT 314.62 386.50 Td (become ) Tj ET Q q 0 0 0 rg BT 353.46 386.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 388.41 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 400.01 386.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 433.28 386.50 Td (for ) Tj ET Q q 0 0 0 rg BT 448.21 386.50 Td (pollution ) Tj ET Q q 0 0 0 rg BT 488.73 386.50 Td (or ) Tj ET Q q 0 0 0 rg BT 500.88 386.50 Td (other ) Tj ET Q q 0 0 0 rg BT 526.94 386.50 Td (hazards ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (which ) Tj ET Q q 0 0 0 rg BT 78.25 374.50 Td (may ) Tj ET Q q 0 0 0 rg BT 100.33 374.50 Td (not ) Tj ET Q q 0 0 0 rg BT 117.41 374.50 Td (be ) Tj ET Q q 0 0 0 rg BT 131.72 374.50 Td (insured ) Tj ET Q q 0 0 0 rg BT 167.71 374.50 Td (against ) Tj ET Q q 0 0 0 rg BT 203.14 374.50 Td (or ) Tj ET Q q 0 0 0 rg BT 215.21 374.50 Td (which ) Tj ET Q q 0 0 0 rg BT 243.96 374.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 291.63 374.50 Td (may ) Tj ET Q q 0 0 0 rg BT 313.70 374.50 Td (elect ) Tj ET Q q 0 0 0 rg BT 338.01 374.50 Td (not ) Tj ET Q q 0 0 0 rg BT 355.10 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 366.62 374.50 Td (insure ) Tj ET Q q 0 0 0 rg BT 397.04 374.50 Td (against ) Tj ET Q q 0 0 0 rg BT 432.48 374.50 Td (because ) Tj ET Q q 0 0 0 rg BT 473.47 374.50 Td (of ) Tj ET Q q 0 0 0 rg BT 484.99 374.50 Td (premium ) Tj ET Q q 0 0 0 rg BT 527.08 374.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.60 374.50 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (other ) Tj ET Q q 0 0 0 rg BT 75.53 362.50 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 117.12 362.50 Td (Losses ) Tj ET Q q 0 0 0 rg BT 152.04 362.50 Td (from ) Tj ET Q q 0 0 0 rg BT 175.27 362.50 Td (these ) Tj ET Q q 0 0 0 rg BT 202.97 362.50 Td (events ) Tj ET Q q 0 0 0 rg BT 235.66 362.50 Td (may ) Tj ET Q q 0 0 0 rg BT 257.79 362.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 287.71 362.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 335.42 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 347.00 362.50 Td (incur ) Tj ET Q q 0 0 0 rg BT 371.90 362.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 419.61 362.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 446.18 362.50 Td (that ) Tj ET Q q 0 0 0 rg BT 466.09 362.50 Td (could ) Tj ET Q q 0 0 0 rg BT 493.24 362.50 Td (have ) Tj ET Q q 0 0 0 rg BT 518.15 362.50 Td (a ) Tj ET Q q 0 0 0 rg BT 526.95 362.50 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 87.85 350.50 Td (ef) Tj ET Q q 0 0 0 rg BT 96.01 350.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 114.91 350.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 139.93 350.50 Td (its ) Tj ET Q q 0 0 0 rg BT 152.71 350.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.18 350.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 251.10 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 270.56 350.50 Td (results ) Tj ET Q q 0 0 0 rg BT 302.79 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.91 350.50 Td (operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (Infrastructure) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (Mining, ) Tj ET Q q 0 0 0 rg BT 87.75 302.50 Td (processing, ) Tj ET Q q 0 0 0 rg BT 144.91 302.50 Td (development ) Tj ET Q q 0 0 0 rg BT 208.19 302.50 Td (and ) Tj ET Q q 0 0 0 rg BT 230.89 302.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 285.83 302.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 330.20 302.50 Td (depend, ) Tj ET Q q 0 0 0 rg BT 372.36 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 386.72 302.50 Td (one ) Tj ET Q q 0 0 0 rg BT 409.42 302.50 Td (degree ) Tj ET Q q 0 0 0 rg BT 446.58 302.50 Td (or ) Tj ET Q q 0 0 0 rg BT 461.49 302.50 Td (another) Tj ET Q q 0 0 0 rg BT 494.85 302.50 Td (, ) Tj ET Q q 0 0 0 rg BT 503.65 302.50 Td (on ) Tj ET Q q 0 0 0 rg BT 520.79 302.50 Td (adequate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 290.50 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 112.59 290.50 Td (Reliable ) Tj ET Q q 0 0 0 rg BT 150.68 290.50 Td (roads, ) Tj ET Q q 0 0 0 rg BT 180.43 290.50 Td (bridges, ) Tj ET Q q 0 0 0 rg BT 217.96 290.50 Td (power ) Tj ET Q q 0 0 0 rg BT 247.15 290.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 284.12 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 302.76 290.50 Td (water ) Tj ET Q q 0 0 0 rg BT 329.17 290.50 Td (supply ) Tj ET Q q 0 0 0 rg BT 360.03 290.50 Td (are ) Tj ET Q q 0 0 0 rg BT 376.44 290.50 Td (important ) Tj ET Q q 0 0 0 rg BT 420.08 290.50 Td (determinants ) Tj ET Q q 0 0 0 rg BT 479.85 290.50 Td (which ) Tj ET Q q 0 0 0 rg BT 507.37 290.50 Td (af) Tj ET Q q 0 0 0 rg BT 515.53 290.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 533.60 290.50 Td (capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.02 278.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 111.55 278.50 Td (costs. ) Tj ET Q q 0 0 0 rg BT 139.50 278.50 Td (Unusual ) Tj ET Q q 0 0 0 rg BT 178.02 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 188.75 278.50 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 235.06 278.50 Td (weather ) Tj ET Q q 0 0 0 rg BT 272.47 278.50 Td (phenomena, ) Tj ET Q q 0 0 0 rg BT 329.90 278.50 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 373.96 278.50 Td (sabotage, ) Tj ET Q q 0 0 0 rg BT 419.71 278.50 Td (government ) Tj ET Q q 0 0 0 rg BT 474.36 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 485.08 278.50 Td (other ) Tj ET Q q 0 0 0 rg BT 509.71 278.50 Td (interference ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (in ) Tj ET Q q 0 0 0 rg BT 59.33 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 75.28 266.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 134.58 266.50 Td (or ) Tj ET Q q 0 0 0 rg BT 145.52 266.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 187.59 266.50 Td (of ) Tj ET Q q 0 0 0 rg BT 197.97 266.50 Td (such ) Tj ET Q q 0 0 0 rg BT 221.14 266.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 281.54 266.50 Td (could ) Tj ET Q q 0 0 0 rg BT 307.49 266.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 352.34 266.50 Td (af) Tj ET Q q 0 0 0 rg BT 360.50 266.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 378.66 266.50 Td (Bluestone) Tj ET Q q 0 0 0 rg BT 425.18 266.50 Td (s ) Tj ET Q q 0 0 0 rg BT 432.22 266.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 483.75 266.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.48 266.50 Td (condition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.96 254.50 Td (results ) Tj ET Q q 0 0 0 rg BT 101.19 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.31 254.50 Td (operations.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (Price ) Tj ET Q q 0 0 0 rg BT 76.74 230.50 Td (V) Tj ET Q q 0 0 0 rg BT 83.04 230.50 Td (olatility ) Tj ET Q q 0 0 0 rg BT 120.82 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 133.04 230.50 Td (Publicly ) Tj ET Q q 0 0 0 rg BT 174.16 230.50 Td (T) Tj ET Q q 0 0 0 rg BT 180.09 230.50 Td (raded ) Tj ET Q q 0 0 0 rg BT 210.10 230.50 Td (Securities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.97 206.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 91.88 206.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 122.24 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 139.27 206.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 184.63 206.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 223.32 206.50 Td (in ) Tj ET Q q 0 0 0 rg BT 234.23 206.50 Td (Canada ) Tj ET Q q 0 0 0 rg BT 272.38 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 292.19 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.22 206.50 Td (United ) Tj ET Q q 0 0 0 rg BT 341.25 206.50 Td (States ) Tj ET Q q 0 0 0 rg BT 372.72 206.50 Td (have ) Tj ET Q q 0 0 0 rg BT 397.53 206.50 Td (experienced ) Tj ET Q q 0 0 0 rg BT 455.14 206.50 Td (a ) Tj ET Q q 0 0 0 rg BT 463.83 206.50 Td (high ) Tj ET Q q 0 0 0 rg BT 485.86 206.50 Td (level ) Tj ET Q q 0 0 0 rg BT 509.55 206.50 Td (of ) Tj ET Q q 0 0 0 rg BT 521.02 206.50 Td (price ) Tj ET Q q 0 0 0 rg BT 545.82 206.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 194.50 Td (volume ) Tj ET Q q 0 0 0 rg BT 84.66 194.50 Td (volatility) Tj ET Q q 0 0 0 rg BT 119.49 194.50 Td (, ) Tj ET Q q 0 0 0 rg BT 125.19 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 144.81 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.64 194.50 Td (market ) Tj ET Q q 0 0 0 rg BT 195.13 194.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 224.73 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 236.00 194.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 281.16 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.43 194.50 Td (many ) Tj ET Q q 0 0 0 rg BT 319.81 194.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 371.09 194.50 Td (have ) Tj ET Q q 0 0 0 rg BT 395.71 194.50 Td (experienced ) Tj ET Q q 0 0 0 rg BT 453.12 194.50 Td (wide ) Tj ET Q q 0 0 0 rg BT 476.61 194.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 530.13 194.50 Td (in ) Tj ET Q q 0 0 0 rg BT 540.84 194.50 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (which ) Tj ET Q q 0 0 0 rg BT 77.91 182.50 Td (have ) Tj ET Q q 0 0 0 rg BT 102.44 182.50 Td (not ) Tj ET Q q 0 0 0 rg BT 119.18 182.50 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 172.04 182.50 Td (been ) Tj ET Q q 0 0 0 rg BT 197.13 182.50 Td (related ) Tj ET Q q 0 0 0 rg BT 230.55 182.50 Td (to ) Tj ET Q q 0 0 0 rg BT 241.74 182.50 Td (the ) Tj ET Q q 0 0 0 rg BT 258.48 182.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.02 182.50 Td (performance, ) Tj ET Q q 0 0 0 rg BT 364.78 182.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 413.77 182.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 440.51 182.50 Td (values ) Tj ET Q q 0 0 0 rg BT 472.26 182.50 Td (or ) Tj ET Q q 0 0 0 rg BT 484.00 182.50 Td (prospects ) Tj ET Q q 0 0 0 rg BT 530.20 182.50 Td (of ) Tj ET Q q 0 0 0 rg BT 541.38 182.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 170.50 Td (companies. ) Tj ET Q q 0 0 0 rg BT 103.56 170.50 Td (There ) Tj ET Q q 0 0 0 rg BT 132.81 170.50 Td (can ) Tj ET Q q 0 0 0 rg BT 152.06 170.50 Td (be ) Tj ET Q q 0 0 0 rg BT 166.31 170.50 Td (no ) Tj ET Q q 0 0 0 rg BT 180.55 170.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 229.82 170.50 Td (that ) Tj ET Q q 0 0 0 rg BT 249.62 170.50 Td (continued ) Tj ET Q q 0 0 0 rg BT 296.12 170.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 349.83 170.50 Td (in ) Tj ET Q q 0 0 0 rg BT 360.74 170.50 Td (price ) Tj ET Q q 0 0 0 rg BT 385.54 170.50 Td (will ) Tj ET Q q 0 0 0 rg BT 402.55 170.50 Td (not ) Tj ET Q q 0 0 0 rg BT 419.58 170.50 Td (occur) Tj ET Q q 0 0 0 rg BT 443.48 170.50 Td (. ) Tj ET Q q 0 0 0 rg BT 449.38 170.50 Td (It ) Tj ET Q q 0 0 0 rg BT 458.06 170.50 Td (may ) Tj ET Q q 0 0 0 rg BT 480.08 170.50 Td (be ) Tj ET Q q 0 0 0 rg BT 494.33 170.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 545.82 170.50 Td (that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 158.50 Td (any ) Tj ET Q q 0 0 0 rg BT 68.90 158.50 Td (quoted ) Tj ET Q q 0 0 0 rg BT 102.76 158.50 Td (market ) Tj ET Q q 0 0 0 rg BT 136.59 158.50 Td (for ) Tj ET Q q 0 0 0 rg BT 151.53 158.50 Td (the ) Tj ET Q q 0 0 0 rg BT 168.71 158.50 Td (common ) Tj ET Q q 0 0 0 rg BT 210.33 158.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.62 158.50 Td (will ) Tj ET Q q 0 0 0 rg BT 260.78 158.50 Td (be ) Tj ET Q q 0 0 0 rg BT 275.17 158.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 310.13 158.50 Td (to ) Tj ET Q q 0 0 0 rg BT 321.74 158.50 Td (market ) Tj ET Q q 0 0 0 rg BT 355.58 158.50 Td (trends ) Tj ET Q q 0 0 0 rg BT 386.64 158.50 Td (generally) Tj ET Q q 0 0 0 rg BT 426.48 158.50 Td (, ) Tj ET Q q 0 0 0 rg BT 432.54 158.50 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 505.30 158.50 Td (any ) Tj ET Q q 0 0 0 rg BT 524.70 158.50 Td (potential ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (success ) Tj ET Q q 0 0 0 rg BT 88.40 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.52 146.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 146.78 146.50 Td (in ) Tj ET Q q 0 0 0 rg BT 157.34 146.50 Td (creating ) Tj ET Q q 0 0 0 rg BT 195.69 146.50 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 242.39 146.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.29 146.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 291.85 146.50 Td (or ) Tj ET Q q 0 0 0 rg BT 303.52 146.50 Td (earnings.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 122.50 Td (Risk ) Tj ET Q q 0 0 0 rg BT 73.40 122.50 Td (of ) Tj ET Q q 0 0 0 rg BT 85.62 122.50 Td (Fines ) Tj ET Q q 0 0 0 rg BT 114.51 122.50 Td (and ) Tj ET Q q 0 0 0 rg BT 135.07 122.50 Td (Penalties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 98.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.76 98.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.58 98.50 Td (may ) Tj ET Q q 0 0 0 rg BT 134.49 98.50 Td (be ) Tj ET Q q 0 0 0 rg BT 147.64 98.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 181.35 98.50 Td (to ) Tj ET Q q 0 0 0 rg BT 191.71 98.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 231.54 98.50 Td (fines ) Tj ET Q q 0 0 0 rg BT 254.69 98.50 Td (and ) Tj ET Q q 0 0 0 rg BT 273.40 98.50 Td (penalties ) Tj ET Q q 0 0 0 rg BT 315.45 98.50 Td (in ) Tj ET Q q 0 0 0 rg BT 325.26 98.50 Td (local ) Tj ET Q q 0 0 0 rg BT 347.85 98.50 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 402.11 98.50 Td (where ) Tj ET Q q 0 0 0 rg BT 431.38 98.50 Td (it ) Tj ET Q q 0 0 0 rg BT 438.40 98.50 Td (conducts ) Tj ET Q q 0 0 0 rg BT 480.45 98.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 524.72 98.50 Td (resulting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 86.50 Td (from ) Tj ET Q q 0 0 0 rg BT 72.08 86.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 112.47 86.50 Td (in ) Tj ET Q q 0 0 0 rg BT 122.83 86.50 Td (policy ) Tj ET Q q 0 0 0 rg BT 150.98 86.50 Td (or ) Tj ET Q q 0 0 0 rg BT 162.45 86.50 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 210.44 86.50 Td (T) Tj ET Q q 0 0 0 rg BT 215.44 86.50 Td (o ) Tj ET Q q 0 0 0 rg BT 223.58 86.50 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 261.17 86.50 Td (these ) Tj ET Q q 0 0 0 rg BT 288.22 86.50 Td (risks, ) Tj ET Q q 0 0 0 rg BT 314.13 86.50 Td (the ) Tj ET Q q 0 0 0 rg BT 330.61 86.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 375.99 86.50 Td (monitors ) Tj ET Q q 0 0 0 rg BT 416.91 86.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 470.07 86.50 Td (with ) Tj ET Q q 0 0 0 rg BT 490.44 86.50 Td (local ) Tj ET Q q 0 0 0 rg BT 513.58 86.50 Td (regulations ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 74.50 Td (governing ) Tj ET Q q 0 0 0 rg BT 96.20 74.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 147.34 74.50 Td (through ) Tj ET Q q 0 0 0 rg BT 184.03 74.50 Td (its ) Tj ET Q q 0 0 0 rg BT 196.81 74.50 Td (local ) Tj ET Q q 0 0 0 rg BT 220.15 74.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 244.06 74.50 Td (counsel ) Tj ET Q q 0 0 0 rg BT 281.31 74.50 Td (experienced ) Tj ET Q q 0 0 0 rg BT 338.57 74.50 Td (in ) Tj ET Q q 0 0 0 rg BT 349.13 74.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 396.94 74.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 420.85 74.50 Td (matters.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I21 Do Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (21) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 81.91 698.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.52 698.50 Td (Uncertainties ) Tj ET Q q 0 0 0 rg BT 177.27 698.50 Td (\(cont'd\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (There ) Tj ET Q q 0 0 0 rg BT 79.51 674.50 Td (May ) Tj ET Q q 0 0 0 rg BT 101.74 674.50 Td (Be ) Tj ET Q q 0 0 0 rg BT 117.30 674.50 Td (Undisclosed ) Tj ET Q q 0 0 0 rg BT 179.54 674.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 209.00 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 229.56 674.50 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 278.46 674.50 Td (Relating ) Tj ET Q q 0 0 0 rg BT 320.69 674.50 Td (to ) Tj ET Q q 0 0 0 rg BT 332.90 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 350.31 674.50 Td (Acquisition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (While ) Tj ET Q q 0 0 0 rg BT 76.28 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.95 650.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.52 650.50 Td (conducted ) Tj ET Q q 0 0 0 rg BT 184.44 650.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 234.02 650.50 Td (due ) Tj ET Q q 0 0 0 rg BT 252.48 650.50 Td (diligence ) Tj ET Q q 0 0 0 rg BT 293.73 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 303.84 650.50 Td (Entre ) Tj ET Q q 0 0 0 rg BT 329.51 650.50 Td (Mares ) Tj ET Q q 0 0 0 rg BT 359.07 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.53 650.50 Td (Geotermia ) Tj ET Q q 0 0 0 rg BT 425.99 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 444.44 650.50 Td (their ) Tj ET Q q 0 0 0 rg BT 465.67 650.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 513.02 650.50 Td (operations, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 77.82 638.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 111.71 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 131.71 638.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 153.92 638.50 Td (Geothermal, ) Tj ET Q q 0 0 0 rg BT 212.26 638.50 Td (in ) Tj ET Q q 0 0 0 rg BT 223.36 638.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 275.04 638.50 Td (with ) Tj ET Q q 0 0 0 rg BT 296.14 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 313.36 638.50 Td (Company) Tj ET Q q 0 0 0 rg BT 358.20 638.50 Td (s ) Tj ET Q q 0 0 0 rg BT 366.51 638.50 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 415.42 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 427.07 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 443.63 638.50 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 498.08 638.50 Td (there ) Tj ET Q q 0 0 0 rg BT 524.19 638.50 Td (are ) Tj ET Q q 0 0 0 rg BT 541.96 638.50 Td (risks ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 89.33 626.50 Td (in ) Tj ET Q q 0 0 0 rg BT 100.80 626.50 Td (any ) Tj ET Q q 0 0 0 rg BT 120.61 626.50 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 174.33 626.50 Td (Specifically) Tj ET Q q 0 0 0 rg BT 223.61 626.50 Td (, ) Tj ET Q q 0 0 0 rg BT 230.08 626.50 Td (there ) Tj ET Q q 0 0 0 rg BT 256.56 626.50 Td (could ) Tj ET Q q 0 0 0 rg BT 284.16 626.50 Td (be ) Tj ET Q q 0 0 0 rg BT 298.97 626.50 Td (unknown ) Tj ET Q q 0 0 0 rg BT 342.69 626.50 Td (or ) Tj ET Q q 0 0 0 rg BT 355.27 626.50 Td (undisclosed ) Tj ET Q q 0 0 0 rg BT 411.77 626.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 436.02 626.50 Td (or ) Tj ET Q q 0 0 0 rg BT 448.60 626.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 490.08 626.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 526.57 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.60 626.50 Td (Entre ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (Mares ) Tj ET Q q 0 0 0 rg BT 80.84 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 101.07 614.50 Td (Geotermia ) Tj ET Q q 0 0 0 rg BT 151.31 614.50 Td (or ) Tj ET Q q 0 0 0 rg BT 163.75 614.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 192.31 614.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 226.44 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 246.68 614.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 269.12 614.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 324.92 614.50 Td (for ) Tj ET Q q 0 0 0 rg BT 340.14 614.50 Td (which ) Tj ET Q q 0 0 0 rg BT 369.26 614.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.72 614.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 433.07 614.50 Td (is ) Tj ET Q q 0 0 0 rg BT 443.84 614.50 Td (not ) Tj ET Q q 0 0 0 rg BT 461.30 614.50 Td (suf) Tj ET Q q 0 0 0 rg BT 474.46 614.50 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 511.35 614.50 Td (indemnified ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 91.82 602.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.57 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.88 602.50 Td (provisions ) Tj ET Q q 0 0 0 rg BT 169.31 602.50 Td (of ) Tj ET Q q 0 0 0 rg BT 181.06 602.50 Td (the ) Tj ET Q q 0 0 0 rg BT 198.36 602.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 250.69 602.50 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 304.00 602.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 324.64 602.50 Td (such ) Tj ET Q q 0 0 0 rg BT 349.17 602.50 Td (unknown ) Tj ET Q q 0 0 0 rg BT 392.61 602.50 Td (or ) Tj ET Q q 0 0 0 rg BT 404.91 602.50 Td (undisclosed ) Tj ET Q q 0 0 0 rg BT 461.13 602.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 485.09 602.50 Td (or ) Tj ET Q q 0 0 0 rg BT 497.39 602.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 538.59 602.50 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 95.30 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.00 590.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 160.81 590.50 Td (af) Tj ET Q q 0 0 0 rg BT 168.97 590.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 188.10 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 205.02 590.50 Td (Company) Tj ET Q q 0 0 0 rg BT 249.86 590.50 Td (s ) Tj ET Q q 0 0 0 rg BT 257.87 590.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.58 590.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 356.73 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 376.43 590.50 Td (results ) Tj ET Q q 0 0 0 rg BT 408.89 590.50 Td (of ) Tj ET Q q 0 0 0 rg BT 420.25 590.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 472.54 590.50 Td (The ) Tj ET Q q 0 0 0 rg BT 492.79 590.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 538.60 590.50 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (encounter ) Tj ET Q q 0 0 0 rg BT 97.03 578.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 142.89 578.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 194.86 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 214.60 578.50 Td (integration ) Tj ET Q q 0 0 0 rg BT 264.35 578.50 Td (related ) Tj ET Q q 0 0 0 rg BT 297.98 578.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 324.37 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 336.32 578.50 Td (other ) Tj ET Q q 0 0 0 rg BT 362.16 578.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 395.22 578.50 Td (such ) Tj ET Q q 0 0 0 rg BT 419.40 578.50 Td (as ) Tj ET Q q 0 0 0 rg BT 433.01 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 449.97 578.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 480.25 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.65 578.50 Td (realize ) Tj ET Q q 0 0 0 rg BT 524.16 578.50 Td (all ) Tj ET Q q 0 0 0 rg BT 537.21 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.61 578.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 87.58 566.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 139.00 566.50 Td (in ) Tj ET Q q 0 0 0 rg BT 149.83 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.18 566.50 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 219.77 566.50 Td (All ) Tj ET Q q 0 0 0 rg BT 233.93 566.50 Td (of ) Tj ET Q q 0 0 0 rg BT 245.32 566.50 Td (these ) Tj ET Q q 0 0 0 rg BT 272.84 566.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 305.90 566.50 Td (could ) Tj ET Q q 0 0 0 rg BT 332.86 566.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 362.60 566.50 Td (dilution ) Tj ET Q q 0 0 0 rg BT 397.34 566.50 Td (to ) Tj ET Q q 0 0 0 rg BT 408.73 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 425.68 566.50 Td (Company) Tj ET Q q 0 0 0 rg BT 470.52 566.50 Td (s ) Tj ET Q q 0 0 0 rg BT 478.57 566.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 519.99 566.50 Td (per ) Tj ET Q q 0 0 0 rg BT 537.49 566.50 Td (share ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 60.75 554.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.26 554.50 Td (or ) Tj ET Q q 0 0 0 rg BT 115.51 554.50 Td (delay ) Tj ET Q q 0 0 0 rg BT 141.78 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.04 554.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 208.78 554.50 Td (accretive ) Tj ET Q q 0 0 0 rg BT 251.16 554.50 Td (ef) Tj ET Q q 0 0 0 rg BT 259.31 554.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 277.80 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 288.50 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.29 554.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 355.02 554.50 Td (and ) Tj ET Q q 0 0 0 rg BT 374.06 554.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 403.11 554.50 Td (a ) Tj ET Q q 0 0 0 rg BT 411.04 554.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 454.54 554.50 Td (in ) Tj ET Q q 0 0 0 rg BT 464.69 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.95 554.50 Td (market ) Tj ET Q q 0 0 0 rg BT 513.87 554.50 Td (price ) Tj ET Q q 0 0 0 rg BT 537.91 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.62 554.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 542.50 Td (common ) Tj ET Q q 0 0 0 rg BT 90.62 542.50 Td (shares.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.69 518.50 Td (Anticipated ) Tj ET Q q 0 0 0 rg BT 126.91 518.50 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 169.14 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 181.36 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 198.77 518.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 255.99 518.50 Td (May ) Tj ET Q q 0 0 0 rg BT 278.22 518.50 Td (Not ) Tj ET Q q 0 0 0 rg BT 297.66 518.50 Td (Be ) Tj ET Q q 0 0 0 rg BT 313.22 518.50 Td (Realized) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 494.50 Td (There ) Tj ET Q q 0 0 0 rg BT 79.17 494.50 Td (can ) Tj ET Q q 0 0 0 rg BT 98.83 494.50 Td (be ) Tj ET Q q 0 0 0 rg BT 113.50 494.50 Td (no ) Tj ET Q q 0 0 0 rg BT 128.17 494.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 177.85 494.50 Td (that ) Tj ET Q q 0 0 0 rg BT 198.07 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.52 494.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.86 494.50 Td (will ) Tj ET Q q 0 0 0 rg BT 279.29 494.50 Td (be ) Tj ET Q q 0 0 0 rg BT 293.95 494.50 Td (able ) Tj ET Q q 0 0 0 rg BT 316.40 494.50 Td (to ) Tj ET Q q 0 0 0 rg BT 328.29 494.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 349.61 494.50 Td (realize ) Tj ET Q q 0 0 0 rg BT 382.61 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 400.06 494.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 444.19 494.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 482.76 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 494.64 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 511.38 494.50 Td (Acquisition, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (including ) Tj ET Q q 0 0 0 rg BT 91.59 482.50 Td (from ) Tj ET Q q 0 0 0 rg BT 114.21 482.50 Td (a ) Tj ET Q q 0 0 0 rg BT 122.39 482.50 Td (margin, ) Tj ET Q q 0 0 0 rg BT 158.35 482.50 Td (accretion ) Tj ET Q q 0 0 0 rg BT 201.55 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 220.85 482.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.59 482.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 264.99 482.50 Td (perspective. ) Tj ET Q q 0 0 0 rg BT 321.35 482.50 Td (There ) Tj ET Q q 0 0 0 rg BT 350.10 482.50 Td (is ) Tj ET Q q 0 0 0 rg BT 359.94 482.50 Td (a ) Tj ET Q q 0 0 0 rg BT 368.12 482.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 386.29 482.50 Td (that ) Tj ET Q q 0 0 0 rg BT 405.58 482.50 Td (some ) Tj ET Q q 0 0 0 rg BT 432.65 482.50 Td (or ) Tj ET Q q 0 0 0 rg BT 444.16 482.50 Td (all ) Tj ET Q q 0 0 0 rg BT 456.79 482.50 Td (of ) Tj ET Q q 0 0 0 rg BT 467.75 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 484.27 482.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 527.47 482.50 Td (benefits ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (will ) Tj ET Q q 0 0 0 rg BT 66.68 470.50 Td (fail ) Tj ET Q q 0 0 0 rg BT 82.76 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 94.40 470.50 Td (materialize ) Tj ET Q q 0 0 0 rg BT 146.04 470.50 Td (or ) Tj ET Q q 0 0 0 rg BT 158.23 470.50 Td (may ) Tj ET Q q 0 0 0 rg BT 180.42 470.50 Td (not ) Tj ET Q q 0 0 0 rg BT 197.62 470.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 225.37 470.50 Td (within ) Tj ET Q q 0 0 0 rg BT 254.23 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.43 470.50 Td (time ) Tj ET Q q 0 0 0 rg BT 293.62 470.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 329.71 470.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 381.38 470.50 Td (by ) Tj ET Q q 0 0 0 rg BT 395.23 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.43 470.50 Td (Company) Tj ET Q q 0 0 0 rg BT 454.49 470.50 Td (. ) Tj ET Q q 0 0 0 rg BT 460.35 470.50 Td (The ) Tj ET Q q 0 0 0 rg BT 480.88 470.50 Td (realization ) Tj ET Q q 0 0 0 rg BT 529.75 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 470.50 Td (such ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 87.30 458.50 Td (may ) Tj ET Q q 0 0 0 rg BT 108.97 458.50 Td (be ) Tj ET Q q 0 0 0 rg BT 122.87 458.50 Td (af) Tj ET Q q 0 0 0 rg BT 131.03 458.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 161.05 458.50 Td (by ) Tj ET Q q 0 0 0 rg BT 174.39 458.50 Td (a ) Tj ET Q q 0 0 0 rg BT 182.73 458.50 Td (number ) Tj ET Q q 0 0 0 rg BT 219.42 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 230.54 458.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 266.10 458.50 Td (many ) Tj ET Q q 0 0 0 rg BT 293.33 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.45 458.50 Td (which ) Tj ET Q q 0 0 0 rg BT 332.80 458.50 Td (are ) Tj ET Q q 0 0 0 rg BT 350.03 458.50 Td (beyond ) Tj ET Q q 0 0 0 rg BT 385.61 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.29 458.50 Td (control ) Tj ET Q q 0 0 0 rg BT 435.09 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 446.20 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.88 458.50 Td (Company) Tj ET Q q 0 0 0 rg BT 504.94 458.50 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.06 434.50 Td (Successful ) Tj ET Q q 0 0 0 rg BT 125.64 434.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 191.21 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 203.43 434.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 232.88 434.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 269.00 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 289.55 434.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 312.33 434.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 370.68 434.50 Td (Cannot ) Tj ET Q q 0 0 0 rg BT 407.90 434.50 Td (Be ) Tj ET Q q 0 0 0 rg BT 423.46 434.50 Td (Guaranteed) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.93 410.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 122.29 410.50 Td (was ) Tj ET Q q 0 0 0 rg BT 144.07 410.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 194.20 410.50 Td (on ) Tj ET Q q 0 0 0 rg BT 209.32 410.50 Td (May ) Tj ET Q q 0 0 0 rg BT 232.20 410.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.10 410.50 Td (2017. ) Tj ET Q q 0 0 0 rg BT 278.86 410.50 Td (The ) Tj ET Q q 0 0 0 rg BT 300.09 410.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 352.44 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 364.78 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.88 410.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 434.23 410.50 Td (poses ) Tj ET Q q 0 0 0 rg BT 464.91 410.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 511.72 410.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 536.27 410.50 Td (to ) Tj ET Q q 0 0 0 rg BT 548.60 410.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 398.50 Td (Company) Tj ET Q q 0 0 0 rg BT 94.34 398.50 Td (s ) Tj ET Q q 0 0 0 rg BT 102.10 398.50 Td (business. ) Tj ET Q q 0 0 0 rg BT 146.93 398.50 Td (The ) Tj ET Q q 0 0 0 rg BT 166.93 398.50 Td (success ) Tj ET Q q 0 0 0 rg BT 205.82 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 216.92 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.04 398.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 284.16 398.50 Td (will ) Tj ET Q q 0 0 0 rg BT 300.82 398.50 Td (depend, ) Tj ET Q q 0 0 0 rg BT 339.73 398.50 Td (in ) Tj ET Q q 0 0 0 rg BT 350.28 398.50 Td (part, ) Tj ET Q q 0 0 0 rg BT 373.05 398.50 Td (on ) Tj ET Q q 0 0 0 rg BT 386.94 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.60 398.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 431.93 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 443.04 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.71 398.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 505.27 398.50 Td (to ) Tj ET Q q 0 0 0 rg BT 516.37 398.50 Td (realize ) Tj ET Q q 0 0 0 rg BT 548.59 398.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 99.93 386.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 137.01 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 147.41 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.96 386.50 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 216.15 386.50 Td (including ) Tj ET Q q 0 0 0 rg BT 257.69 386.50 Td (developing ) Tj ET Q q 0 0 0 rg BT 308.12 386.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 335.18 386.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 367.81 386.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 408.79 386.50 Td (to ) Tj ET Q q 0 0 0 rg BT 419.19 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 435.15 386.50 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 516.69 386.50 Td (of ) Tj ET Q q 0 0 0 rg BT 527.08 386.50 Td (the ) Tj ET Q q 0 0 0 rg BT 543.04 386.50 Td (PEA) Tj ET Q q 0 0 0 rg BT 562.50 386.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 374.50 Td (and ) Tj ET Q q 0 0 0 rg BT 70.18 374.50 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 123.66 374.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 159.33 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 171.67 374.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 216.79 374.50 Td (stage ) Tj ET Q q 0 0 0 rg BT 245.25 374.50 Td (engineering ) Tj ET Q q 0 0 0 rg BT 301.51 374.50 Td (at ) Tj ET Q q 0 0 0 rg BT 313.85 374.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 342.85 374.50 Td (Blanco. ) Tj ET Q q 0 0 0 rg BT 380.20 374.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 443.12 374.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 482.13 374.50 Td (are ) Tj ET Q q 0 0 0 rg BT 500.58 374.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 536.26 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 548.60 374.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 101.70 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.87 362.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 164.39 362.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 209.36 362.50 Td (studies ) Tj ET Q q 0 0 0 rg BT 244.88 362.50 Td (and ) Tj ET Q q 0 0 0 rg BT 265.40 362.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 332.05 362.50 Td (assessments, ) Tj ET Q q 0 0 0 rg BT 397.02 362.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 440.32 362.50 Td (of ) Tj ET Q q 0 0 0 rg BT 452.50 362.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 501.91 362.50 Td (governmental ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (permits ) Tj ET Q q 0 0 0 rg BT 85.81 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 106.03 350.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 155.69 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.57 350.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 212.81 350.50 Td (financing. ) Tj ET Q q 0 0 0 rg BT 258.92 350.50 Td (The ) Tj ET Q q 0 0 0 rg BT 279.68 350.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 326.01 350.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 370.67 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 382.54 350.50 Td (development ) Tj ET Q q 0 0 0 rg BT 443.33 350.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 481.88 350.50 Td (is ) Tj ET Q q 0 0 0 rg BT 492.63 350.50 Td (based ) Tj ET Q q 0 0 0 rg BT 523.41 350.50 Td (on ) Tj ET Q q 0 0 0 rg BT 538.06 350.50 Td (many ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 338.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 81.45 338.50 Td (such ) Tj ET Q q 0 0 0 rg BT 104.52 338.50 Td (as: ) Tj ET Q q 0 0 0 rg BT 119.80 338.50 Td (estimation ) Tj ET Q q 0 0 0 rg BT 167.32 338.50 Td (of ) Tj ET Q q 0 0 0 rg BT 177.60 338.50 Td (mineral ) Tj ET Q q 0 0 0 rg BT 212.33 338.50 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 255.40 338.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 305.71 338.50 Td (metallurgical ) Tj ET Q q 0 0 0 rg BT 363.79 338.50 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 414.64 338.50 Td (environmental ) Tj ET Q q 0 0 0 rg BT 479.39 338.50 Td (considerations ) Tj ET Q q 0 0 0 rg BT 545.82 338.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 326.50 Td (permitting ) Tj ET Q q 0 0 0 rg BT 96.18 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.64 326.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 166.78 326.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 198.46 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 217.92 326.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.40 326.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 288.51 326.50 Td (of ) Tj ET Q q 0 0 0 rg BT 299.63 326.50 Td (these ) Tj ET Q q 0 0 0 rg BT 326.86 326.50 Td (projects. ) Tj ET Q q 0 0 0 rg BT 367.43 326.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 429.13 326.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 466.91 326.50 Td (are ) Tj ET Q q 0 0 0 rg BT 484.14 326.50 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 528.05 326.50 Td (and ) Tj ET Q q 0 0 0 rg BT 547.51 326.50 Td (it ) Tj ET Q q 0 0 0 rg BT 555.29 326.50 Td (is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 88.98 314.50 Td (that ) Tj ET Q q 0 0 0 rg BT 108.44 314.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 137.92 314.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 169.61 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 189.08 314.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 233.57 314.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 259.70 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 279.17 314.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 324.75 314.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 358.67 314.50 Td (will ) Tj ET Q q 0 0 0 rg BT 375.34 314.50 Td (dif) Tj ET Q q 0 0 0 rg BT 385.72 314.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 400.18 314.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 454.65 314.50 Td (from ) Tj ET Q q 0 0 0 rg BT 477.44 314.50 Td (those ) Tj ET Q q 0 0 0 rg BT 504.69 314.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 550.83 314.50 Td (for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 302.50 Td (a ) Tj ET Q q 0 0 0 rg BT 57.84 302.50 Td (project ) Tj ET Q q 0 0 0 rg BT 90.63 302.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 113.42 302.50 Td (to ) Tj ET Q q 0 0 0 rg BT 124.53 302.50 Td (production.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.63 278.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.34 278.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 145.26 278.50 Td (be ) Tj ET Q q 0 0 0 rg BT 158.29 278.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.21 278.50 Td (that ) Tj ET Q q 0 0 0 rg BT 208.79 278.50 Td (it ) Tj ET Q q 0 0 0 rg BT 215.69 278.50 Td (will ) Tj ET Q q 0 0 0 rg BT 231.48 278.50 Td (successfully ) Tj ET Q q 0 0 0 rg BT 287.29 278.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 324.23 278.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 351.13 278.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 383.61 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 394.41 278.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 415.20 278.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 469.35 278.50 Td (or ) Tj ET Q q 0 0 0 rg BT 480.15 278.50 Td (that ) Tj ET Q q 0 0 0 rg BT 498.73 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 514.16 278.50 Td (Acquisition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.50 Td (will ) Tj ET Q q 0 0 0 rg BT 66.14 266.50 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 111.13 266.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 143.91 266.50 Td (the ) Tj ET Q q 0 0 0 rg BT 160.57 266.50 Td (Company) Tj ET Q q 0 0 0 rg BT 202.63 266.50 Td (. ) Tj ET Q q 0 0 0 rg BT 207.61 266.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 227.60 266.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 257.59 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 268.69 266.50 Td (successfully ) Tj ET Q q 0 0 0 rg BT 325.35 266.50 Td (develop ) Tj ET Q q 0 0 0 rg BT 363.13 266.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 390.89 266.50 Td (Blanco ) Tj ET Q q 0 0 0 rg BT 424.22 266.50 Td (or ) Tj ET Q q 0 0 0 rg BT 435.87 266.50 Td (Mita ) Tj ET Q q 0 0 0 rg BT 457.52 266.50 Td (Geothermal ) Tj ET Q q 0 0 0 rg BT 512.52 266.50 Td (or ) Tj ET Q q 0 0 0 rg BT 524.17 266.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.16 266.50 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 254.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 87.12 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 254.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 155.68 254.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 193.85 254.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.34 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 254.50 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 273.27 254.50 Td (could ) Tj ET Q q 0 0 0 rg BT 300.32 254.50 Td (have ) Tj ET Q q 0 0 0 rg BT 325.16 254.50 Td (a ) Tj ET Q q 0 0 0 rg BT 333.87 254.50 Td (material ) Tj ET Q q 0 0 0 rg BT 372.58 254.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 411.30 254.50 Td (ef) Tj ET Q q 0 0 0 rg BT 419.46 254.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 438.73 254.50 Td (on ) Tj ET Q q 0 0 0 rg BT 453.00 254.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.05 254.50 Td (Company) Tj ET Q q 0 0 0 rg BT 514.89 254.50 Td (s ) Tj ET Q q 0 0 0 rg BT 523.03 254.50 Td (business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 242.50 Td (and ) Tj ET Q q 0 0 0 rg BT 68.96 242.50 Td (results ) Tj ET Q q 0 0 0 rg BT 101.19 242.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.31 242.50 Td (operations.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I22 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (22) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 117.33 698.50 Td (Share ) Tj ET Q q 0 0 0 rg BT 150.95 698.50 Td (Data) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.11 674.50 Td (Company) Tj ET Q q 0 0 0 rg BT 114.95 674.50 Td (s ) Tj ET Q q 0 0 0 rg BT 123.33 674.50 Td (authorized ) Tj ET Q q 0 0 0 rg BT 173.40 674.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 205.69 674.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 245.19 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 256.91 674.50 Td (an ) Tj ET Q q 0 0 0 rg BT 271.41 674.50 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 314.80 674.50 Td (number ) Tj ET Q q 0 0 0 rg BT 352.09 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 363.81 674.50 Td (common ) Tj ET Q q 0 0 0 rg BT 405.53 674.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.92 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 458.98 674.50 Td (an ) Tj ET Q q 0 0 0 rg BT 473.49 674.50 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 516.88 674.50 Td (number ) Tj ET Q q 0 0 0 rg BT 554.17 674.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (preferred ) Tj ET Q q 0 0 0 rg BT 93.56 662.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.06 662.50 Td (without ) Tj ET Q q 0 0 0 rg BT 162.23 662.50 Td (par ) Tj ET Q q 0 0 0 rg BT 180.16 662.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 210.33 662.50 Td (No ) Tj ET Q q 0 0 0 rg BT 226.60 662.50 Td (preferred ) Tj ET Q q 0 0 0 rg BT 270.66 662.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 304.16 662.50 Td (have ) Tj ET Q q 0 0 0 rg BT 329.33 662.50 Td (been ) Tj ET Q q 0 0 0 rg BT 355.06 662.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 387.45 662.50 Td (to ) Tj ET Q q 0 0 0 rg BT 399.27 662.50 Td (date. ) Tj ET Q q 0 0 0 rg BT 424.77 662.50 Td (The ) Tj ET Q q 0 0 0 rg BT 445.48 662.50 Td (following ) Tj ET Q q 0 0 0 rg BT 487.88 662.50 Td (common ) Tj ET Q q 0 0 0 rg BT 529.71 662.50 Td (shares, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (options ) Tj ET Q q 0 0 0 rg BT 84.52 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 103.99 650.50 Td (share ) Tj ET Q q 0 0 0 rg BT 131.78 650.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 175.70 650.50 Td (warrants ) Tj ET Q q 0 0 0 rg BT 216.82 650.50 Td (are ) Tj ET Q q 0 0 0 rg BT 234.05 650.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 288.54 650.50 Td (as ) Tj ET Q q 0 0 0 rg BT 301.88 650.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.00 650.50 Td (March13, ) Tj ET Q q 0 0 0 rg BT 360.24 650.50 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.48 650.50 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 612 m 255.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 612 m 363.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 612 m 453.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 612 m 561.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 612 m 363.5 612 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 567 m 255.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 567 m 363.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 567 m 453.5 567 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 567 m 561.5 567 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 552 m 255.5 552 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 552 m 363.5 552 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 552 m 453.5 552 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 552 m 561.5 552 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 630.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 630.22 Td (Number of Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.60 630.22 Td (Exercise Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 630.22 Td (Remaining life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.20 616.22 Td (C$) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.20 616.22 Td (\(years\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 601.62 Td (Issued and Outstanding Common Shares) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.60 601.67 Td (63,840,560) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 586.62 Td (Stock options) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 112.03 591.39 Td ( \(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.15 586.62 Td (5,930,000) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.15 586.62 Td (1.50) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.15 586.62 Td (2.27 - 2.88) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 571.62 Td (W) Tj ET Q q 0 0 0 rg BT 61.07 571.62 Td (arrants) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 315.15 571.62 Td (5,189,309) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.15 571.62 Td (0.35 - 2.00) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.15 571.62 Td (1.22 - 2.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 556.62 Td (Fully diluted at March 13, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.60 556.67 Td (74,959,869) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 67.50 533.27 Td (\(1\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 528.50 Td (Of these stock options, 995,000 were granted to certain directors, of) Tj ET Q q 0 0 0 rg BT 386.04 528.50 Td (ficers and employees at an exercise ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 516.50 Td (price of C$1.50 per stock option subsequent to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.08 516.50 Td (December31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.91 516.50 Td (.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I23 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (Off ) Tj ET Q q 0 0 0 rg BT 68.44 478.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 113.68 478.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 146.29 478.10 Td (Arrangements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.51 454.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.09 454.10 Td (does ) Tj ET Q q 0 0 0 rg BT 139.55 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 156.23 454.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 184.57 454.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.73 454.10 Td (f ) Tj ET Q q 0 0 0 rg BT 198.29 454.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 236.10 454.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 263.34 454.10 Td (arrangements.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (23) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.61 698.50 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 120.41 698.50 Td (with ) Tj ET Q q 0 0 0 rg BT 145.47 698.50 Td (Related ) Tj ET Q q 0 0 0 rg BT 188.26 698.50 Td (Parties) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (Key ) Tj ET Q q 0 0 0 rg BT 70.62 674.50 Td (management ) Tj ET Q q 0 0 0 rg BT 135.09 674.50 Td (compensation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (Key ) Tj ET Q q 0 0 0 rg BT 70.79 650.50 Td (management ) Tj ET Q q 0 0 0 rg BT 133.21 650.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 181.18 650.50 Td (include ) Tj ET Q q 0 0 0 rg BT 216.93 650.50 Td (those ) Tj ET Q q 0 0 0 rg BT 245.44 650.50 Td (persons ) Tj ET Q q 0 0 0 rg BT 285.07 650.50 Td (having ) Tj ET Q q 0 0 0 rg BT 318.59 650.50 Td (authority ) Tj ET Q q 0 0 0 rg BT 361.00 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.74 650.50 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 443.60 650.50 Td (for ) Tj ET Q q 0 0 0 rg BT 459.32 650.50 Td (planning, ) Tj ET Q q 0 0 0 rg BT 503.96 650.50 Td (directing ) Tj ET Q q 0 0 0 rg BT 545.82 650.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 638.50 Td (controlling ) Tj ET Q q 0 0 0 rg BT 98.29 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 115.40 638.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 156.95 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 168.50 638.50 Td (the ) Tj ET Q q 0 0 0 rg BT 185.61 638.50 Td (Company) Tj ET Q q 0 0 0 rg BT 227.67 638.50 Td (. ) Tj ET Q q 0 0 0 rg BT 233.44 638.50 Td (The ) Tj ET Q q 0 0 0 rg BT 253.88 638.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.89 638.50 Td (has ) Tj ET Q q 0 0 0 rg BT 319.22 638.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 372.46 638.50 Td (that ) Tj ET Q q 0 0 0 rg BT 392.35 638.50 Td (key ) Tj ET Q q 0 0 0 rg BT 411.12 638.50 Td (management ) Tj ET Q q 0 0 0 rg BT 472.70 638.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 519.83 638.50 Td (consist ) Tj ET Q q 0 0 0 rg BT 554.16 638.50 Td (of ) Tj ET Q q 0 0 0 rg BT 565.27 638.50 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 66.13 626.50 Td (following ) Tj ET Q q 0 0 0 rg BT 107.77 626.50 Td (executive ) Tj ET Q q 0 0 0 rg BT 152.74 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 172.15 626.50 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 237.14 626.50 Td (members ) Tj ET Q q 0 0 0 rg BT 281.54 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.60 626.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.23 626.50 Td (Company) Tj ET Q q 0 0 0 rg BT 354.07 626.50 Td (s ) Tj ET Q q 0 0 0 rg BT 361.80 626.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 391.21 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 402.28 626.50 Td (Directors ) Tj ET Q q 0 0 0 rg BT 445.01 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 464.42 626.50 Td (key ) Tj ET Q q 0 0 0 rg BT 482.71 626.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 527.68 626.50 Td (of) Tj ET Q q 0 0 0 rg BT 535.84 626.50 Td (ficers: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 614.50 Td (Darren ) Tj ET Q q 0 0 0 rg BT 81.76 614.50 Td (Klinck, ) Tj ET Q q 0 0 0 rg BT 112.91 614.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 159.62 614.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 184.66 614.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 229.71 614.50 Td (Of) Tj ET Q q 0 0 0 rg BT 240.08 614.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 260.67 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 279.05 614.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 318.52 614.50 Td (Peter ) Tj ET Q q 0 0 0 rg BT 344.12 614.50 Td (Hemstead, ) Tj ET Q q 0 0 0 rg BT 394.16 614.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 419.20 614.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 460.91 614.50 Td (Of) Tj ET Q q 0 0 0 rg BT 471.29 614.50 Td (ficer; ) Tj ET Q q 0 0 0 rg BT 494.65 614.50 Td (David ) Tj ET Q q 0 0 0 rg BT 521.91 614.50 Td (Gunning, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 602.50 Td (V) Tj ET Q q 0 0 0 rg BT 55.99 602.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 71.66 602.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 119.58 602.50 Td (Operations; ) Tj ET Q q 0 0 0 rg BT 174.16 602.50 Td (David ) Tj ET Q q 0 0 0 rg BT 202.62 602.50 Td (Cass, ) Tj ET Q q 0 0 0 rg BT 231.07 602.50 Td (V) Tj ET Q q 0 0 0 rg BT 237.56 602.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 253.24 602.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 301.15 602.50 Td (Exploration; ) Tj ET Q q 0 0 0 rg BT 356.85 602.50 Td (John ) Tj ET Q q 0 0 0 rg BT 381.43 602.50 Td (Robins, ) Tj ET Q q 0 0 0 rg BT 418.23 602.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 464.47 602.50 Td (Chairman; ) Tj ET Q q 0 0 0 rg BT 513.49 602.50 Td (Zara ) Tj ET Q q 0 0 0 rg BT 536.94 602.50 Td (Boldt, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 590.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 90.75 590.50 Td (Leo ) Tj ET Q q 0 0 0 rg BT 110.91 590.50 Td (Hathaway) Tj ET Q q 0 0 0 rg BT 154.63 590.50 Td (, ) Tj ET Q q 0 0 0 rg BT 160.88 590.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 202.14 590.50 Td (William ) Tj ET Q q 0 0 0 rg BT 237.82 590.50 Td (Lamb, ) Tj ET Q q 0 0 0 rg BT 269.09 590.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 310.34 590.50 Td (Paul ) Tj ET Q q 0 0 0 rg BT 333.82 590.50 Td (McRae, ) Tj ET Q q 0 0 0 rg BT 371.75 590.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 413.00 590.50 Td (Jim ) Tj ET Q q 0 0 0 rg BT 432.02 590.50 Td (Paterson, ) Tj ET Q q 0 0 0 rg BT 478.30 590.50 Td (Director; ) Tj ET Q q 0 0 0 rg BT 519.55 590.50 Td (and ) Tj ET Q q 0 0 0 rg BT 539.70 590.50 Td (Keith ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 578.50 Td (Peck, ) Tj ET Q q 0 0 0 rg BT 78.03 578.50 Td (Director) Tj ET Q q 0 0 0 rg BT 112.48 578.50 Td (. ) Tj ET Q q 0 0 0 rg BT 118.55 578.50 Td (The ) Tj ET Q q 0 0 0 rg BT 139.30 578.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 205.08 578.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 227.50 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 239.91 578.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 278.46 578.50 Td (to ) Tj ET Q q 0 0 0 rg BT 290.31 578.50 Td (key ) Tj ET Q q 0 0 0 rg BT 309.39 578.50 Td (management ) Tj ET Q q 0 0 0 rg BT 371.28 578.50 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 421.50 578.50 Td (which ) Tj ET Q q 0 0 0 rg BT 450.58 578.50 Td (is ) Tj ET Q q 0 0 0 rg BT 461.32 578.50 Td (included ) Tj ET Q q 0 0 0 rg BT 502.09 578.50 Td (in ) Tj ET Q q 0 0 0 rg BT 513.39 578.50 Td (wages ) Tj ET Q q 0 0 0 rg BT 545.81 578.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 566.50 Td (consulting ) Tj ET Q q 0 0 0 rg BT 97.31 566.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.77 566.50 Td (share-based ) Tj ET Q q 0 0 0 rg BT 175.14 566.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 240.18 566.50 Td (on ) Tj ET Q q 0 0 0 rg BT 254.08 566.50 Td (the ) Tj ET Q q 0 0 0 rg BT 270.76 566.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 329.69 566.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 381.38 566.50 Td (of ) Tj ET Q q 0 0 0 rg BT 392.50 566.50 Td (loss, ) Tj ET Q q 0 0 0 rg BT 415.84 566.50 Td (is ) Tj ET Q q 0 0 0 rg BT 425.84 566.50 Td (as ) Tj ET Q q 0 0 0 rg BT 439.18 566.50 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 529 m 445 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 529 m 563 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 529 m 327 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 529 m 445 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 529 m 563 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 484 m 327 484 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 484 m 445 484 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 484 m 563 484 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 484 m 327 484 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 469 m 327 469 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 484 m 445 484 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327 469 m 445 469 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 484 m 563 484 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445 469 m 563 469 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.35 545.62 Td (Thirteen Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.40 533.62 Td (December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.10 545.62 Td (T) Tj ET Q q 0 0 0 rg BT 466.66 545.62 Td (welve Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.65 533.62 Td (November 30, 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 519.22 Td (Salaries ) Tj ET Q q 0 0 0 rg BT 91.41 519.22 Td (and ) Tj ET Q q 0 0 0 rg BT 110.87 519.22 Td (other ) Tj ET Q q 0 0 0 rg BT 136.44 519.22 Td (short-term ) Tj ET Q q 0 0 0 rg BT 184.78 519.22 Td (employee ) Tj ET Q q 0 0 0 rg BT 230.92 519.22 Td (benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.10 519.22 Td ($1,173,653) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.55 519.22 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 504.22 Td (Post-employment ) Tj ET Q q 0 0 0 rg BT 133.09 504.22 Td (benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.45 503.62 Td (722) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.15 504.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 489.22 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 112.54 489.22 Td (compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 488.62 Td (1,330,884) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.15 488.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.10 473.62 Td ($2,505,259) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.55 473.62 Td ($) Tj ET Q BT /F3 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 445.50 Td (Related ) Tj ET Q q 0 0 0 rg BT 88.40 445.50 Td (party ) Tj ET Q q 0 0 0 rg BT 115.63 445.50 Td (payables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 421.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.38 421.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 107.05 421.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 144.72 421.50 Td (to ) Tj ET Q q 0 0 0 rg BT 155.71 421.50 Td (related ) Tj ET Q q 0 0 0 rg BT 188.93 421.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 221.58 421.50 Td (as ) Tj ET Q q 0 0 0 rg BT 234.79 421.50 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.77 421.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 311.23 421.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.47 421.50 Td ( ) Tj ET Q q 0 0 0 rg BT 336.12 421.50 Td (was ) Tj ET Q q 0 0 0 rg BT 356.54 421.50 Td ($526,629 ) Tj ET Q q 0 0 0 rg BT 400.90 421.50 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.23 421.50 Td (November30, ) Tj ET Q q 0 0 0 rg BT 469.68 421.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.92 421.50 Td ( ) Tj ET Q q 0 0 0 rg BT 494.57 421.50 Td (- ) Tj ET Q q 0 0 0 rg BT 500.54 421.50 Td ($22,186\). ) Tj ET Q q 0 0 0 rg BT 545.27 421.50 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 409.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 87.93 409.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 126.36 409.50 Td (was ) Tj ET Q q 0 0 0 rg BT 147.54 409.50 Td (to ) Tj ET Q q 0 0 0 rg BT 159.29 409.50 Td (Darren ) Tj ET Q q 0 0 0 rg BT 193.25 409.50 Td (Klinck, ) Tj ET Q q 0 0 0 rg BT 226.11 409.50 Td (Peter ) Tj ET Q q 0 0 0 rg BT 253.41 409.50 Td (Hemstead, ) Tj ET Q q 0 0 0 rg BT 305.16 409.50 Td (David ) Tj ET Q q 0 0 0 rg BT 334.13 409.50 Td (Gunning, ) Tj ET Q q 0 0 0 rg BT 378.12 409.50 Td (David ) Tj ET Q q 0 0 0 rg BT 407.09 409.50 Td (Cass ) Tj ET Q q 0 0 0 rg BT 433.27 409.50 Td (and ) Tj ET Q q 0 0 0 rg BT 453.35 409.50 Td (John ) Tj ET Q q 0 0 0 rg BT 478.44 409.50 Td (Robins. ) Tj ET Q q 0 0 0 rg BT 515.75 409.50 Td (During ) Tj ET Q q 0 0 0 rg BT 548.61 409.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 397.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 85.70 397.50 Td (months ) Tj ET Q q 0 0 0 rg BT 121.34 397.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 152.00 397.50 Td (December ) Tj ET Q q 0 0 0 rg BT 200.98 397.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 217.73 397.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.97 397.50 Td (, ) Tj ET Q q 0 0 0 rg BT 245.60 397.50 Td (the ) Tj ET Q q 0 0 0 rg BT 262.35 397.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.00 397.50 Td (received ) Tj ET Q q 0 0 0 rg BT 348.64 397.50 Td (a ) Tj ET Q q 0 0 0 rg BT 357.05 397.50 Td ($10,513 ) Tj ET Q q 0 0 0 rg BT 396.05 397.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 417.80 397.50 Td (from ) Tj ET Q q 0 0 0 rg BT 440.65 397.50 Td (John ) Tj ET Q q 0 0 0 rg BT 465.19 397.50 Td (Robins, ) Tj ET Q q 0 0 0 rg BT 501.94 397.50 Td (an ) Tj ET Q q 0 0 0 rg BT 515.91 397.50 Td (of) Tj ET Q q 0 0 0 rg BT 524.07 397.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 545.81 397.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 385.50 Td (director ) Tj ET Q q 0 0 0 rg BT 85.62 385.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.74 385.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.42 385.50 Td (Company) Tj ET Q q 0 0 0 rg BT 155.48 385.50 Td (. ) Tj ET Q q 0 0 0 rg BT 160.85 385.50 Td (The ) Tj ET Q q 0 0 0 rg BT 180.86 385.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 217.00 385.50 Td (was ) Tj ET Q q 0 0 0 rg BT 237.56 385.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 258.12 385.50 Td (repaid ) Tj ET Q q 0 0 0 rg BT 288.69 385.50 Td (within ) Tj ET Q q 0 0 0 rg BT 317.04 385.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.72 385.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 369.85 385.50 Td (months ) Tj ET Q q 0 0 0 rg BT 405.42 385.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 436.01 385.50 Td (December ) Tj ET Q q 0 0 0 rg BT 484.92 385.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 501.59 385.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 523.84 385.50 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 361.50 Td (Limited ) Tj ET Q q 0 0 0 rg BT 87.83 361.50 Td (recourse ) Tj ET Q q 0 0 0 rg BT 132.86 361.50 Td (loans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.02 337.50 Td (June ) Tj ET Q q 0 0 0 rg BT 85.88 337.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 114.08 337.50 Td (the ) Tj ET Q q 0 0 0 rg BT 131.15 337.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 177.13 337.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 209.21 337.50 Td (500,000 ) Tj ET Q q 0 0 0 rg BT 248.53 337.50 Td (common ) Tj ET Q q 0 0 0 rg BT 290.05 337.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 323.24 337.50 Td (with ) Tj ET Q q 0 0 0 rg BT 344.20 337.50 Td (a ) Tj ET Q q 0 0 0 rg BT 352.94 337.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.01 337.50 Td (value ) Tj ET Q q 0 0 0 rg BT 397.09 337.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.60 337.50 Td (C$750,000 ) Tj ET Q q 0 0 0 rg BT 460.71 337.50 Td (to ) Tj ET Q q 0 0 0 rg BT 472.23 337.50 Td (Darren ) Tj ET Q q 0 0 0 rg BT 505.97 337.50 Td (Klinck, ) Tj ET Q q 0 0 0 rg BT 538.60 337.50 Td (Peter ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 325.50 Td (Hemstead ) Tj ET Q q 0 0 0 rg BT 97.60 325.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.82 325.50 Td (David ) Tj ET Q q 0 0 0 rg BT 144.91 325.50 Td (Gunning. ) Tj ET Q q 0 0 0 rg BT 188.02 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 190.55 325.50 Td (In ) Tj ET Q q 0 0 0 rg BT 201.42 325.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 252.31 325.50 Td (with ) Tj ET Q q 0 0 0 rg BT 272.62 325.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.05 325.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 331.05 325.50 Td (of ) Tj ET Q q 0 0 0 rg BT 341.92 325.50 Td (these ) Tj ET Q q 0 0 0 rg BT 368.91 325.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 404.23 325.50 Td (the ) Tj ET Q q 0 0 0 rg BT 420.65 325.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.98 325.50 Td (made ) Tj ET Q q 0 0 0 rg BT 493.52 325.50 Td (an ) Tj ET Q q 0 0 0 rg BT 507.17 325.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 542.49 325.50 Td (free, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 313.50 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 110.55 313.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 131.59 313.50 Td (to ) Tj ET Q q 0 0 0 rg BT 142.07 313.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.10 313.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 208.59 313.50 Td (in ) Tj ET Q q 0 0 0 rg BT 218.51 313.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.54 313.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.03 313.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.50 313.50 Td (C$750,000 ) Tj ET Q q 0 0 0 rg BT 331.57 313.50 Td (to ) Tj ET Q q 0 0 0 rg BT 342.04 313.50 Td (enable ) Tj ET Q q 0 0 0 rg BT 374.20 313.50 Td (them ) Tj ET Q q 0 0 0 rg BT 398.56 313.50 Td (to ) Tj ET Q q 0 0 0 rg BT 409.04 313.50 Td (acquire ) Tj ET Q q 0 0 0 rg BT 443.97 313.50 Td (the ) Tj ET Q q 0 0 0 rg BT 460.00 313.50 Td (shares. ) Tj ET Q q 0 0 0 rg BT 494.79 313.50 Td (The ) Tj ET Q q 0 0 0 rg BT 514.15 313.50 Td (employees ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 301.50 Td (pledged ) Tj ET Q q 0 0 0 rg BT 87.60 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 104.01 301.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.54 301.50 Td (to ) Tj ET Q q 0 0 0 rg BT 147.39 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.80 301.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.11 301.50 Td (as ) Tj ET Q q 0 0 0 rg BT 222.19 301.50 Td (security ) Tj ET Q q 0 0 0 rg BT 259.15 301.50 Td (for ) Tj ET Q q 0 0 0 rg BT 273.33 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.74 301.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 311.16 301.50 Td (until ) Tj ET Q q 0 0 0 rg BT 332.02 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.43 301.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.96 301.50 Td (are ) Tj ET Q q 0 0 0 rg BT 397.92 301.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 418.78 301.50 Td (to ) Tj ET Q q 0 0 0 rg BT 429.63 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 446.04 301.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.35 301.50 Td (or ) Tj ET Q q 0 0 0 rg BT 502.75 301.50 Td (are ) Tj ET Q q 0 0 0 rg BT 519.72 301.50 Td (otherwise ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 289.50 Td (released ) Tj ET Q q 0 0 0 rg BT 90.64 289.50 Td (to ) Tj ET Q q 0 0 0 rg BT 101.76 289.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.44 289.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 169.57 289.50 Td (in ) Tj ET Q q 0 0 0 rg BT 180.13 289.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.61 289.50 Td (with ) Tj ET Q q 0 0 0 rg BT 255.17 289.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.85 289.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 299.63 289.50 Td (of ) Tj ET Q q 0 0 0 rg BT 310.75 289.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.43 289.50 Td (Company) Tj ET Q q 0 0 0 rg BT 372.27 289.50 Td (s ) Tj ET Q q 0 0 0 rg BT 380.05 289.50 Td (management ) Tj ET Q q 0 0 0 rg BT 441.19 289.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 506.23 289.50 Td (plan. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 265.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.08 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 78.21 265.50 Td (event ) Tj ET Q q 0 0 0 rg BT 105.91 265.50 Td (that ) Tj ET Q q 0 0 0 rg BT 125.83 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.97 265.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 176.22 265.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 197.80 265.50 Td (to ) Tj ET Q q 0 0 0 rg BT 209.38 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.52 265.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.55 265.50 Td (are ) Tj ET Q q 0 0 0 rg BT 290.24 265.50 Td (insuf) Tj ET Q q 0 0 0 rg BT 311.18 265.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 340.54 265.50 Td (to ) Tj ET Q q 0 0 0 rg BT 352.12 265.50 Td (repay ) Tj ET Q q 0 0 0 rg BT 380.37 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 397.51 265.50 Td (loan, ) Tj ET Q q 0 0 0 rg BT 422.43 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.57 265.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 461.71 265.50 Td (is ) Tj ET Q q 0 0 0 rg BT 472.17 265.50 Td (forgiven. ) Tj ET Q q 0 0 0 rg BT 513.76 265.50 Td (25% ) Tj ET Q q 0 0 0 rg BT 537.01 265.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.59 265.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 253.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 82.14 253.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 103.10 253.50 Td (on ) Tj ET Q q 0 0 0 rg BT 116.84 253.50 Td (grant, ) Tj ET Q q 0 0 0 rg BT 145.03 253.50 Td (with ) Tj ET Q q 0 0 0 rg BT 165.44 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.96 253.50 Td (remainder ) Tj ET Q q 0 0 0 rg BT 229.60 253.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 263.91 253.50 Td (25% ) Tj ET Q q 0 0 0 rg BT 286.54 253.50 Td (annually ) Tj ET Q q 0 0 0 rg BT 326.41 253.50 Td (thereafter) Tj ET Q q 0 0 0 rg BT 368.67 253.50 Td (. ) Tj ET Q q 0 0 0 rg BT 373.89 253.50 Td (The ) Tj ET Q q 0 0 0 rg BT 393.75 253.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 415.27 253.50 Td (is ) Tj ET Q q 0 0 0 rg BT 425.12 253.50 Td (repayable ) Tj ET Q q 0 0 0 rg BT 471.66 253.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 496.53 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 513.05 253.50 Td (termination ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 241.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.78 241.50 Td (an ) Tj ET Q q 0 0 0 rg BT 74.84 241.50 Td (employee's ) Tj ET Q q 0 0 0 rg BT 128.05 241.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 185.46 241.50 Td (with ) Tj ET Q q 0 0 0 rg BT 206.18 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 223.02 241.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.76 241.50 Td (until ) Tj ET Q q 0 0 0 rg BT 290.05 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.89 241.50 Td (earlier ) Tj ET Q q 0 0 0 rg BT 337.62 241.50 Td (of: ) Tj ET Q q 0 0 0 rg BT 351.67 241.50 Td (1\) ) Tj ET Q q 0 0 0 rg BT 363.50 241.50 Td (a ) Tj ET Q q 0 0 0 rg BT 372.01 241.50 Td (change ) Tj ET Q q 0 0 0 rg BT 407.75 241.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.03 241.50 Td (control ) Tj ET Q q 0 0 0 rg BT 451.99 241.50 Td (of ) Tj ET Q q 0 0 0 rg BT 463.27 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.11 241.50 Td (Company) Tj ET Q q 0 0 0 rg BT 522.17 241.50 Td (, ) Tj ET Q q 0 0 0 rg BT 527.88 241.50 Td (2\) ) Tj ET Q q 0 0 0 rg BT 539.71 241.50 Td (three ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 229.50 Td (years ) Tj ET Q q 0 0 0 rg BT 76.17 229.50 Td (from ) Tj ET Q q 0 0 0 rg BT 98.39 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 114.52 229.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 139.53 229.50 Td (date ) Tj ET Q q 0 0 0 rg BT 161.21 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 171.77 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 187.90 229.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 209.02 229.50 Td (and ) Tj ET Q q 0 0 0 rg BT 227.93 229.50 Td (3\) ) Tj ET Q q 0 0 0 rg BT 239.04 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.16 229.50 Td (commencement ) Tj ET Q q 0 0 0 rg BT 328.52 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 339.08 229.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 392.42 229.50 Td (production ) Tj ET Q q 0 0 0 rg BT 441.34 229.50 Td (at ) Tj ET Q q 0 0 0 rg BT 451.90 229.50 Td (Cerro ) Tj ET Q q 0 0 0 rg BT 479.13 229.50 Td (Blanco, ) Tj ET Q q 0 0 0 rg BT 514.70 229.50 Td (after ) Tj ET Q q 0 0 0 rg BT 536.93 229.50 Td (which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 217.50 Td (time ) Tj ET Q q 0 0 0 rg BT 71.17 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.85 217.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 109.53 217.50 Td (may ) Tj ET Q q 0 0 0 rg BT 131.20 217.50 Td (be ) Tj ET Q q 0 0 0 rg BT 145.11 217.50 Td (forgiven ) Tj ET Q q 0 0 0 rg BT 183.46 217.50 Td (at ) Tj ET Q q 0 0 0 rg BT 194.58 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.26 217.50 Td (request ) Tj ET Q q 0 0 0 rg BT 247.39 217.50 Td (of ) Tj ET Q q 0 0 0 rg BT 258.51 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 275.19 217.50 Td (employees.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I24 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 100.24 179.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 166.25 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.86 179.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.59 179.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 265.89 179.10 Td (Management) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.10 155.10 Td (description ) Tj ET Q q 0 0 0 rg BT 108.94 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.76 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.15 155.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 188.34 155.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.51 155.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 281.68 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.84 155.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.02 155.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 358.05 155.10 Td (management ) Tj ET Q q 0 0 0 rg BT 418.90 155.10 Td (can ) Tj ET Q q 0 0 0 rg BT 437.51 155.10 Td (be ) Tj ET Q q 0 0 0 rg BT 451.11 155.10 Td (found ) Tj ET Q q 0 0 0 rg BT 478.62 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.88 155.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 515.83 155.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 529.44 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.60 155.10 Td (15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 101.56 143.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.63 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.26 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.45 143.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 185.45 143.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 220.55 143.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 279.00 143.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.98 143.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 369.18 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.15 143.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.34 143.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 434.99 143.10 Td (months ) Tj ET Q q 0 0 0 rg BT 470.07 143.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 500.17 143.10 Td (December ) Tj ET Q q 0 0 0 rg BT 548.59 143.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 128.70 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 71.75 128.70 Td ( ) Tj ET Q q 0 0 0 rg BT 74.52 128.70 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.99 128.70 Td (twelve ) Tj ET Q q 0 0 0 rg BT 125.11 128.70 Td (months ) Tj ET Q q 0 0 0 rg BT 160.68 128.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 191.27 128.70 Td (November ) Tj ET Q q 0 0 0 rg BT 240.17 128.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 256.85 128.70 Td (2016) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 279.10 128.70 Td (.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (24) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Significant ) Tj ET Q q 0 0 0 rg BT 108.37 698.50 Td (Accounting Policies, Estimates and Judgments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 58.74 674.50 Td (description ) Tj ET Q q 0 0 0 rg BT 110.21 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 121.67 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.69 674.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 191.52 674.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 239.11 674.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 290.59 674.50 Td (policies, ) Tj ET Q q 0 0 0 rg BT 329.84 674.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 375.75 674.50 Td (and ) Tj ET Q q 0 0 0 rg BT 395.55 674.50 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 447.59 674.50 Td (can ) Tj ET Q q 0 0 0 rg BT 466.83 674.50 Td (be ) Tj ET Q q 0 0 0 rg BT 481.07 674.50 Td (found ) Tj ET Q q 0 0 0 rg BT 509.22 674.50 Td (in ) Tj ET Q q 0 0 0 rg BT 520.12 674.50 Td (note ) Tj ET Q q 0 0 0 rg BT 542.70 674.50 Td (2, ) Tj ET Q q 0 0 0 rg BT 554.16 674.50 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.27 662.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 116.84 662.50 Td (audited ) Tj ET Q q 0 0 0 rg BT 151.52 662.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 209.54 662.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.09 662.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 298.87 662.50 Td (for ) Tj ET Q q 0 0 0 rg BT 312.41 662.50 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.17 662.50 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 363.40 662.50 Td (months ) Tj ET Q q 0 0 0 rg BT 398.05 662.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 427.73 662.50 Td (December ) Tj ET Q q 0 0 0 rg BT 475.72 662.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 491.49 662.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.74 662.50 Td ( ) Tj ET Q q 0 0 0 rg BT 515.60 662.50 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 534.16 662.50 Td (twelve ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 648.10 Td (months ) Tj ET Q q 0 0 0 rg BT 85.07 648.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 115.66 648.10 Td (November ) Tj ET Q q 0 0 0 rg BT 164.56 648.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 181.24 648.10 Td (2016) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 203.49 648.10 Td (.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I25 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 610.90 Td (Change in ) Tj ET Q q 0 0 0 rg BT 105.32 610.90 Td (Accounting Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 586.90 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 586.90 Td ( ) Tj ET Q q 0 0 0 rg BT 57.70 586.90 Td (description ) Tj ET Q q 0 0 0 rg BT 108.14 586.90 Td (of ) Tj ET Q q 0 0 0 rg BT 118.56 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 134.54 586.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 186.33 586.90 Td (change ) Tj ET Q q 0 0 0 rg BT 221.22 586.90 Td (in ) Tj ET Q q 0 0 0 rg BT 231.08 586.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 281.53 586.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 316.96 586.90 Td (can ) Tj ET Q q 0 0 0 rg BT 335.17 586.90 Td (be ) Tj ET Q q 0 0 0 rg BT 348.37 586.90 Td (found ) Tj ET Q q 0 0 0 rg BT 375.48 586.90 Td (in ) Tj ET Q q 0 0 0 rg BT 385.34 586.90 Td (notes ) Tj ET Q q 0 0 0 rg BT 411.89 586.90 Td (3 ) Tj ET Q q 0 0 0 rg BT 419.53 586.90 Td (and ) Tj ET Q q 0 0 0 rg BT 438.29 586.90 Td (16 ) Tj ET Q q 0 0 0 rg BT 451.50 586.90 Td (of ) Tj ET Q q 0 0 0 rg BT 461.92 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.90 586.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 529.69 586.90 Td (audited ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 574.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 110.21 574.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.46 574.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 204.93 574.90 Td (for ) Tj ET Q q 0 0 0 rg BT 221.16 574.90 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 239.61 574.90 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 277.53 574.90 Td (months ) Tj ET Q q 0 0 0 rg BT 314.88 574.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 347.24 574.90 Td (December ) Tj ET Q q 0 0 0 rg BT 397.93 574.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 416.39 574.90 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.64 574.90 Td ( ) Tj ET Q q 0 0 0 rg BT 443.19 574.90 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.44 574.90 Td (twelve ) Tj ET Q q 0 0 0 rg BT 497.34 574.90 Td (months ) Tj ET Q q 0 0 0 rg BT 534.69 574.90 Td (ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 560.50 Td (November ) Tj ET Q q 0 0 0 rg BT 98.41 560.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 115.09 560.50 Td (2016) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 137.33 560.50 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (New Standards and Interpretations Not ) Tj ET Q q 0 0 0 rg BT 255.88 522.10 Td (Y) Tj ET Q q 0 0 0 rg BT 262.61 522.10 Td (et ) Tj ET Q q 0 0 0 rg BT 275.04 522.10 Td (Adopted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.62 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.47 498.10 Td (description ) Tj ET Q q 0 0 0 rg BT 109.67 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.86 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.61 498.10 Td (IASB's ) Tj ET Q q 0 0 0 rg BT 170.15 498.10 Td (new ) Tj ET Q q 0 0 0 rg BT 191.35 498.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 238.11 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.64 498.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 323.86 498.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.61 498.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 356.80 498.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 395.79 498.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.20 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.95 498.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.59 498.10 Td (can ) Tj ET Q q 0 0 0 rg BT 490.57 498.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.54 498.10 Td (found ) Tj ET Q q 0 0 0 rg BT 532.41 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.04 498.10 Td (note ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (2\(r\), ) Tj ET Q q 0 0 0 rg BT 70.92 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.35 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.34 486.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 152.14 486.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 188.04 486.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 247.28 486.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.06 486.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 339.06 486.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.82 486.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.81 486.10 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 407.26 486.10 Td (months ) Tj ET Q q 0 0 0 rg BT 443.14 486.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 474.04 486.10 Td (December ) Tj ET Q q 0 0 0 rg BT 523.26 486.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.25 486.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 562.50 486.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 471.70 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.96 471.70 Td (twelve ) Tj ET Q q 0 0 0 rg BT 100.09 471.70 Td (months ) Tj ET Q q 0 0 0 rg BT 135.66 471.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.24 471.70 Td (November ) Tj ET Q q 0 0 0 rg BT 215.15 471.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 231.83 471.70 Td (2016) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 254.08 471.70 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 433.30 Td (Disclosure of Internal Controls) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 409.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 109.86 409.30 Td (has ) Tj ET Q q 0 0 0 rg BT 127.98 409.30 Td (established ) Tj ET Q q 0 0 0 rg BT 180.56 409.30 Td (processes ) Tj ET Q q 0 0 0 rg BT 228.13 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 238.46 409.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 273.25 409.30 Td (them ) Tj ET Q q 0 0 0 rg BT 297.48 409.30 Td (with ) Tj ET Q q 0 0 0 rg BT 317.25 409.30 Td (suf) Tj ET Q q 0 0 0 rg BT 330.41 409.30 Td (ficient ) Tj ET Q q 0 0 0 rg BT 358.53 409.30 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 408.33 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 418.67 409.30 Td (support ) Tj ET Q q 0 0 0 rg BT 454.01 409.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 524.94 409.30 Td (that ) Tj ET Q q 0 0 0 rg BT 543.61 409.30 Td (they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 397.30 Td (have ) Tj ET Q q 0 0 0 rg BT 75.19 397.30 Td (exercised ) Tj ET Q q 0 0 0 rg BT 121.99 397.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 175.48 397.30 Td (diligence ) Tj ET Q q 0 0 0 rg BT 218.95 397.30 Td (that: ) Tj ET Q q 0 0 0 rg BT 242.41 397.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 255.30 397.30 Td (the ) Tj ET Q q 0 0 0 rg BT 273.20 397.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 333.36 397.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.05 397.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 426.97 397.30 Td (for ) Tj ET Q q 0 0 0 rg BT 442.64 397.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.54 397.30 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 497.90 397.30 Td (months ) Tj ET Q q 0 0 0 rg BT 534.70 397.30 Td (ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 385.30 Td (December ) Tj ET Q q 0 0 0 rg BT 98.76 385.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 115.79 385.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 138.04 385.30 Td ( ) Tj ET Q q 0 0 0 rg BT 141.17 385.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.99 385.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 192.47 385.30 Td (months ) Tj ET Q q 0 0 0 rg BT 228.39 385.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.33 385.30 Td (November ) Tj ET Q q 0 0 0 rg BT 308.59 385.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 325.63 385.30 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.87 385.30 Td ( ) Tj ET Q q 0 0 0 rg BT 351.00 385.30 Td (do ) Tj ET Q q 0 0 0 rg BT 365.26 385.30 Td (not ) Tj ET Q q 0 0 0 rg BT 382.29 385.30 Td (contain ) Tj ET Q q 0 0 0 rg BT 417.67 385.30 Td (any ) Tj ET Q q 0 0 0 rg BT 436.93 385.30 Td (untrue ) Tj ET Q q 0 0 0 rg BT 468.41 385.30 Td (statement ) Tj ET Q q 0 0 0 rg BT 515.46 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 526.93 385.30 Td (material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 373.30 Td (fact ) Tj ET Q q 0 0 0 rg BT 68.72 373.30 Td (or ) Tj ET Q q 0 0 0 rg BT 80.72 373.30 Td (omit ) Tj ET Q q 0 0 0 rg BT 102.72 373.30 Td (to ) Tj ET Q q 0 0 0 rg BT 114.16 373.30 Td (state ) Tj ET Q q 0 0 0 rg BT 138.95 373.30 Td (a ) Tj ET Q q 0 0 0 rg BT 147.62 373.30 Td (material ) Tj ET Q q 0 0 0 rg BT 186.29 373.30 Td (fact ) Tj ET Q q 0 0 0 rg BT 205.51 373.30 Td (required ) Tj ET Q q 0 0 0 rg BT 245.31 373.30 Td (to ) Tj ET Q q 0 0 0 rg BT 256.75 373.30 Td (be ) Tj ET Q q 0 0 0 rg BT 270.98 373.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 301.33 373.30 Td (or ) Tj ET Q q 0 0 0 rg BT 313.32 373.30 Td (that ) Tj ET Q q 0 0 0 rg BT 333.11 373.30 Td (is ) Tj ET Q q 0 0 0 rg BT 343.44 373.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 392.12 373.30 Td (to ) Tj ET Q q 0 0 0 rg BT 403.56 373.30 Td (make ) Tj ET Q q 0 0 0 rg BT 431.12 373.30 Td (a ) Tj ET Q q 0 0 0 rg BT 439.79 373.30 Td (statement ) Tj ET Q q 0 0 0 rg BT 486.80 373.30 Td (not ) Tj ET Q q 0 0 0 rg BT 503.81 373.30 Td (misleading ) Tj ET Q q 0 0 0 rg BT 554.72 373.30 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 361.30 Td (light ) Tj ET Q q 0 0 0 rg BT 70.19 361.30 Td (of ) Tj ET Q q 0 0 0 rg BT 80.87 361.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.12 361.30 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 163.37 361.30 Td (under ) Tj ET Q q 0 0 0 rg BT 191.29 361.30 Td (which ) Tj ET Q q 0 0 0 rg BT 219.20 361.30 Td (it ) Tj ET Q q 0 0 0 rg BT 226.54 361.30 Td (is ) Tj ET Q q 0 0 0 rg BT 236.11 361.30 Td (made, ) Tj ET Q q 0 0 0 rg BT 266.25 361.30 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 361.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.72 361.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.97 361.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 373.47 361.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 412.50 361.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 463.76 361.30 Td (for ) Tj ET Q q 0 0 0 rg BT 477.77 361.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.02 361.30 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 529.71 361.30 Td (months ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 349.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 80.57 349.30 Td (December ) Tj ET Q q 0 0 0 rg BT 129.97 349.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 147.13 349.30 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 169.38 349.30 Td ( ) Tj ET Q q 0 0 0 rg BT 172.64 349.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.59 349.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 224.20 349.30 Td (months ) Tj ET Q q 0 0 0 rg BT 260.26 349.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.33 349.30 Td (November ) Tj ET Q q 0 0 0 rg BT 340.73 349.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 357.89 349.30 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.14 349.30 Td ( ) Tj ET Q q 0 0 0 rg BT 383.40 349.30 Td (fairly ) Tj ET Q q 0 0 0 rg BT 407.78 349.30 Td (present ) Tj ET Q q 0 0 0 rg BT 444.40 349.30 Td (in ) Tj ET Q q 0 0 0 rg BT 455.45 349.30 Td (all ) Tj ET Q q 0 0 0 rg BT 468.72 349.30 Td (material ) Tj ET Q q 0 0 0 rg BT 507.55 349.30 Td (respects ) Tj ET Q q 0 0 0 rg BT 548.61 349.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 337.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.97 337.30 Td (condition, ) Tj ET Q q 0 0 0 rg BT 134.55 337.30 Td (results ) Tj ET Q q 0 0 0 rg BT 166.79 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 177.90 337.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 227.38 337.30 Td (and ) Tj ET Q q 0 0 0 rg BT 246.84 337.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.75 337.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 291.31 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 302.42 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 319.10 337.30 Td (Company) Tj ET Q q 0 0 0 rg BT 361.16 337.30 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 313.30 Td (In ) Tj ET Q q 0 0 0 rg BT 62.06 313.30 Td (contrast ) Tj ET Q q 0 0 0 rg BT 101.85 313.30 Td (to ) Tj ET Q q 0 0 0 rg BT 114.41 313.30 Td (the ) Tj ET Q q 0 0 0 rg BT 132.54 313.30 Td (certificate ) Tj ET Q q 0 0 0 rg BT 179.55 313.30 Td (required ) Tj ET Q q 0 0 0 rg BT 220.46 313.30 Td (for ) Tj ET Q q 0 0 0 rg BT 236.35 313.30 Td (non-venture ) Tj ET Q q 0 0 0 rg BT 293.94 313.30 Td (issuers ) Tj ET Q q 0 0 0 rg BT 329.83 313.30 Td (under ) Tj ET Q q 0 0 0 rg BT 359.63 313.30 Td (National ) Tj ET Q q 0 0 0 rg BT 400.54 313.30 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 452.00 313.30 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 487.36 313.30 Td ( ) Tj ET Q q 0 0 0 rg BT 497.14 313.30 Td (Certification ) Tj ET Q q 0 0 0 rg BT 554.16 313.30 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 301.30 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 99.19 301.30 Td (in ) Tj ET Q q 0 0 0 rg BT 109.99 301.30 Td (Issuers) Tj ET Q q 0 0 0 rg BT 144.07 301.30 Td ( ) Tj ET Q q 0 0 0 rg BT 146.48 301.30 Td (Annual ) Tj ET Q q 0 0 0 rg BT 180.63 301.30 Td (and ) Tj ET Q q 0 0 0 rg BT 200.33 301.30 Td (Interim ) Tj ET Q q 0 0 0 rg BT 233.90 301.30 Td (Filings ) Tj ET Q q 0 0 0 rg BT 265.81 301.30 Td (\(NI ) Tj ET Q q 0 0 0 rg BT 285.48 301.30 Td (52-109\), ) Tj ET Q q 0 0 0 rg BT 329.07 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 345.98 301.30 Td (V) Tj ET Q q 0 0 0 rg BT 352.10 301.30 Td (enture ) Tj ET Q q 0 0 0 rg BT 383.47 301.30 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 413.71 301.30 Td (Basic ) Tj ET Q q 0 0 0 rg BT 441.17 301.30 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 489.20 301.30 Td (does ) Tj ET Q q 0 0 0 rg BT 513.90 301.30 Td (not ) Tj ET Q q 0 0 0 rg BT 530.81 301.30 Td (include ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 289.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 121.55 289.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 157.46 289.30 Td (to ) Tj ET Q q 0 0 0 rg BT 168.92 289.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.93 289.30 Td (establishment ) Tj ET Q q 0 0 0 rg BT 250.75 289.30 Td (and ) Tj ET Q q 0 0 0 rg BT 270.55 289.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 330.93 289.30 Td (of ) Tj ET Q q 0 0 0 rg BT 342.38 289.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 390.52 289.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 428.65 289.30 Td (and ) Tj ET Q q 0 0 0 rg BT 448.45 289.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 501.60 289.30 Td (\(DC&P\) ) Tj ET Q q 0 0 0 rg BT 545.82 289.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 277.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 85.12 277.30 Td (control ) Tj ET Q q 0 0 0 rg BT 117.95 277.30 Td (over ) Tj ET Q q 0 0 0 rg BT 140.23 277.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.74 277.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 222.02 277.30 Td (\(ICFR\), ) Tj ET Q q 0 0 0 rg BT 264.27 277.30 Td (as ) Tj ET Q q 0 0 0 rg BT 277.66 277.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 313.28 277.30 Td (in ) Tj ET Q q 0 0 0 rg BT 323.89 277.30 Td (NI ) Tj ET Q q 0 0 0 rg BT 336.71 277.30 Td (52-109. ) Tj ET Q q 0 0 0 rg BT 373.44 277.30 Td (In ) Tj ET Q q 0 0 0 rg BT 384.60 277.30 Td (particular) Tj ET Q q 0 0 0 rg BT 425.18 277.30 Td (, ) Tj ET Q q 0 0 0 rg BT 430.78 277.30 Td (the ) Tj ET Q q 0 0 0 rg BT 447.50 277.30 Td (certifying ) Tj ET Q q 0 0 0 rg BT 490.33 277.30 Td (of) Tj ET Q q 0 0 0 rg BT 498.49 277.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 525.21 277.30 Td (filing ) Tj ET Q q 0 0 0 rg BT 548.59 277.30 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 265.30 Td (certificate ) Tj ET Q q 0 0 0 rg BT 95.07 265.30 Td (are ) Tj ET Q q 0 0 0 rg BT 112.30 265.30 Td (not ) Tj ET Q q 0 0 0 rg BT 128.98 265.30 Td (making ) Tj ET Q q 0 0 0 rg BT 164.00 265.30 Td (any ) Tj ET Q q 0 0 0 rg BT 182.90 265.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 254.61 265.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 290.18 265.30 Td (to ) Tj ET Q q 0 0 0 rg BT 301.30 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 317.98 265.30 Td (establishment ) Tj ET Q q 0 0 0 rg BT 382.46 265.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 265.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 461.96 265.30 Td (of:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 241.30 Td (1. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 241.30 Td (Controls ) Tj ET Q q 0 0 0 rg BT 126.63 241.30 Td (and ) Tj ET Q q 0 0 0 rg BT 147.21 241.30 Td (other ) Tj ET Q q 0 0 0 rg BT 173.89 241.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 227.82 241.30 Td (designed ) Tj ET Q q 0 0 0 rg BT 272.30 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 284.54 241.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 321.23 241.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 374.60 241.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 424.63 241.30 Td (that ) Tj ET Q q 0 0 0 rg BT 445.21 241.30 Td (information ) Tj ET Q q 0 0 0 rg BT 498.57 241.30 Td (required ) Tj ET Q q 0 0 0 rg BT 539.15 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 551.38 241.30 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 229.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 130.20 229.30 Td (by ) Tj ET Q q 0 0 0 rg BT 143.78 229.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.69 229.30 Td (issuer ) Tj ET Q q 0 0 0 rg BT 190.38 229.30 Td (in ) Tj ET Q q 0 0 0 rg BT 201.18 229.30 Td (its ) Tj ET Q q 0 0 0 rg BT 214.20 229.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 247.24 229.30 Td (filings, ) Tj ET Q q 0 0 0 rg BT 278.60 229.30 Td (interim ) Tj ET Q q 0 0 0 rg BT 311.62 229.30 Td (filings ) Tj ET Q q 0 0 0 rg BT 340.20 229.30 Td (or ) Tj ET Q q 0 0 0 rg BT 352.10 229.30 Td (other ) Tj ET Q q 0 0 0 rg BT 377.91 229.30 Td (reports ) Tj ET Q q 0 0 0 rg BT 412.05 229.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 433.41 229.30 Td (or ) Tj ET Q q 0 0 0 rg BT 445.31 229.30 Td (submitted ) Tj ET Q q 0 0 0 rg BT 491.68 229.30 Td (under ) Tj ET Q q 0 0 0 rg BT 520.27 229.30 Td (securities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 217.30 Td (legislation ) Tj ET Q q 0 0 0 rg BT 133.44 217.30 Td (is ) Tj ET Q q 0 0 0 rg BT 144.13 217.30 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 189.85 217.30 Td (processed, ) Tj ET Q q 0 0 0 rg BT 242.24 217.30 Td (summarized ) Tj ET Q q 0 0 0 rg BT 300.17 217.30 Td (and ) Tj ET Q q 0 0 0 rg BT 320.32 217.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 361.04 217.30 Td (within ) Tj ET Q q 0 0 0 rg BT 390.07 217.30 Td (the ) Tj ET Q q 0 0 0 rg BT 407.44 217.30 Td (time ) Tj ET Q q 0 0 0 rg BT 429.81 217.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 466.07 217.30 Td (specified ) Tj ET Q q 0 0 0 rg BT 509.01 217.30 Td (in ) Tj ET Q q 0 0 0 rg BT 520.27 217.30 Td (securities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 205.30 Td (legislation; ) Tj ET Q q 0 0 0 rg BT 135.53 205.30 Td (and) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 181.30 Td (2. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 181.30 Td (A) Tj ET Q q 0 0 0 rg BT 91.62 181.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.36 181.30 Td (process ) Tj ET Q q 0 0 0 rg BT 132.12 181.30 Td (to ) Tj ET Q q 0 0 0 rg BT 143.20 181.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 178.74 181.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 230.96 181.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 279.84 181.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 324.83 181.30 Td (the ) Tj ET Q q 0 0 0 rg BT 341.48 181.30 Td (reliability ) Tj ET Q q 0 0 0 rg BT 383.12 181.30 Td (of ) Tj ET Q q 0 0 0 rg BT 394.20 181.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.63 181.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 475.84 181.30 Td (and ) Tj ET Q q 0 0 0 rg BT 495.27 181.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.91 181.30 Td (preparation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 169.30 Td (of ) Tj ET Q q 0 0 0 rg BT 96.91 169.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.67 169.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 188.65 169.30 Td (for ) Tj ET Q q 0 0 0 rg BT 203.39 169.30 Td (external ) Tj ET Q q 0 0 0 rg BT 242.03 169.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 286.24 169.30 Td (in ) Tj ET Q q 0 0 0 rg BT 297.09 169.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 351.86 169.30 Td (with ) Tj ET Q q 0 0 0 rg BT 372.71 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 389.68 169.30 Td (issuer) Tj ET Q q 0 0 0 rg BT 416.73 169.30 Td () Tj ET Q q 0 0 0 rg BT 418.77 169.30 Td (s ) Tj ET Q q 0 0 0 rg BT 426.84 169.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 470.49 169.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 514.14 169.30 Td (accounting ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.50 157.30 Td (principles.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 133.30 Td (The ) Tj ET Q q 0 0 0 rg BT 69.39 133.30 Td (issuer) Tj ET Q q 0 0 0 rg BT 96.43 133.30 Td () Tj ET Q q 0 0 0 rg BT 98.47 133.30 Td (s ) Tj ET Q q 0 0 0 rg BT 106.13 133.30 Td (certifying ) Tj ET Q q 0 0 0 rg BT 148.80 133.30 Td (of) Tj ET Q q 0 0 0 rg BT 156.96 133.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 183.51 133.30 Td (are ) Tj ET Q q 0 0 0 rg BT 200.62 133.30 Td (responsible ) Tj ET Q q 0 0 0 rg BT 254.42 133.30 Td (for ) Tj ET Q q 0 0 0 rg BT 268.74 133.30 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 309.76 133.30 Td (that ) Tj ET Q q 0 0 0 rg BT 329.09 133.30 Td (processes ) Tj ET Q q 0 0 0 rg BT 377.33 133.30 Td (are ) Tj ET Q q 0 0 0 rg BT 394.44 133.30 Td (in ) Tj ET Q q 0 0 0 rg BT 404.88 133.30 Td (place ) Tj ET Q q 0 0 0 rg BT 431.44 133.30 Td (to ) Tj ET Q q 0 0 0 rg BT 442.43 133.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 477.89 133.30 Td (them ) Tj ET Q q 0 0 0 rg BT 502.78 133.30 Td (with ) Tj ET Q q 0 0 0 rg BT 523.22 133.30 Td (suf) Tj ET Q q 0 0 0 rg BT 536.38 133.30 Td (ficient ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 121.30 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 100.23 121.30 Td (to ) Tj ET Q q 0 0 0 rg BT 111.48 121.30 Td (support ) Tj ET Q q 0 0 0 rg BT 147.74 121.30 Td (the ) Tj ET Q q 0 0 0 rg BT 164.56 121.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 236.40 121.30 Td (they ) Tj ET Q q 0 0 0 rg BT 258.22 121.30 Td (are ) Tj ET Q q 0 0 0 rg BT 275.58 121.30 Td (making ) Tj ET Q q 0 0 0 rg BT 310.73 121.30 Td (in ) Tj ET Q q 0 0 0 rg BT 321.43 121.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 121.30 Td (certificate. ) Tj ET Q q 0 0 0 rg BT 386.72 121.30 Td (Investors ) Tj ET Q q 0 0 0 rg BT 430.21 121.30 Td (should ) Tj ET Q q 0 0 0 rg BT 462.59 121.30 Td (be ) Tj ET Q q 0 0 0 rg BT 476.62 121.30 Td (aware ) Tj ET Q q 0 0 0 rg BT 506.77 121.30 Td (that ) Tj ET Q q 0 0 0 rg BT 526.37 121.30 Td (inherent ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 109.30 Td (limitations ) Tj ET Q q 0 0 0 rg BT 97.53 109.30 Td (on ) Tj ET Q q 0 0 0 rg BT 112.22 109.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.69 109.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 158.83 109.30 Td (of ) Tj ET Q q 0 0 0 rg BT 170.74 109.30 Td (certifying ) Tj ET Q q 0 0 0 rg BT 214.32 109.30 Td (of) Tj ET Q q 0 0 0 rg BT 222.48 109.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 249.94 109.30 Td (of ) Tj ET Q q 0 0 0 rg BT 261.85 109.30 Td (a ) Tj ET Q q 0 0 0 rg BT 270.98 109.30 Td (venture ) Tj ET Q q 0 0 0 rg BT 307.90 109.30 Td (issuer ) Tj ET Q q 0 0 0 rg BT 338.15 109.30 Td (to ) Tj ET Q q 0 0 0 rg BT 350.06 109.30 Td (design ) Tj ET Q q 0 0 0 rg BT 383.09 109.30 Td (and ) Tj ET Q q 0 0 0 rg BT 403.35 109.30 Td (implement ) Tj ET Q q 0 0 0 rg BT 453.04 109.30 Td (on ) Tj ET Q q 0 0 0 rg BT 467.74 109.30 Td (a ) Tj ET Q q 0 0 0 rg BT 476.87 109.30 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 506.70 109.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 539.17 109.30 Td (basis ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 97.30 Td (DC&P) Tj ET Q q 0 0 0 rg BT 77.10 97.30 Td ( ) Tj ET Q q 0 0 0 rg BT 80.99 97.30 Td (and ) Tj ET Q q 0 0 0 rg BT 101.56 97.30 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 128.78 97.30 Td (as ) Tj ET Q q 0 0 0 rg BT 143.23 97.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 179.93 97.30 Td (in ) Tj ET Q q 0 0 0 rg BT 191.60 97.30 Td (NI ) Tj ET Q q 0 0 0 rg BT 205.49 97.30 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 240.51 97.30 Td (may ) Tj ET Q q 0 0 0 rg BT 263.29 97.30 Td (result ) Tj ET Q q 0 0 0 rg BT 291.63 97.30 Td (in ) Tj ET Q q 0 0 0 rg BT 303.31 97.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 350.01 97.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 374.45 97.30 Td (to ) Tj ET Q q 0 0 0 rg BT 386.67 97.30 Td (the ) Tj ET Q q 0 0 0 rg BT 404.46 97.30 Td (quality) Tj ET Q q 0 0 0 rg BT 432.63 97.30 Td (, ) Tj ET Q q 0 0 0 rg BT 439.29 97.30 Td (reliability) Tj ET Q q 0 0 0 rg BT 477.45 97.30 Td (, ) Tj ET Q q 0 0 0 rg BT 484.12 97.30 Td (transparency ) Tj ET Q q 0 0 0 rg BT 545.82 97.30 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 85.30 Td (timeliness ) Tj ET Q q 0 0 0 rg BT 96.74 85.30 Td (of ) Tj ET Q q 0 0 0 rg BT 107.85 85.30 Td (interim ) Tj ET Q q 0 0 0 rg BT 140.64 85.30 Td (and ) Tj ET Q q 0 0 0 rg BT 160.10 85.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 192.91 85.30 Td (filings ) Tj ET Q q 0 0 0 rg BT 221.25 85.30 Td (and ) Tj ET Q q 0 0 0 rg BT 240.72 85.30 Td (other ) Tj ET Q q 0 0 0 rg BT 266.29 85.30 Td (reports ) Tj ET Q q 0 0 0 rg BT 300.19 85.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 341.33 85.30 Td (under ) Tj ET Q q 0 0 0 rg BT 369.68 85.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 414.70 85.30 Td (legislation.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.70 761.97 Td (Bluestone Resources Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.65 747.97 Td (Management's Discussion & ) Tj ET Q q 0 0 0 rg BT 520.01 747.97 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.40 733.97 Td (For the thirteen months ended December 31, 2017) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.40 21.25 Td (25) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 698.50 Td (Approval) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 674.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.44 674.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 98.84 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 109.89 674.50 Td (Directors ) Tj ET Q q 0 0 0 rg BT 152.61 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 163.66 674.50 Td (Bluestone ) Tj ET Q q 0 0 0 rg BT 210.85 674.50 Td (has ) Tj ET Q q 0 0 0 rg BT 229.68 674.50 Td (approved ) Tj ET Q q 0 0 0 rg BT 274.10 674.50 Td (the ) Tj ET Q q 0 0 0 rg BT 290.71 674.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 338.44 674.50 Td (contained ) Tj ET Q q 0 0 0 rg BT 384.52 674.50 Td (in ) Tj ET Q q 0 0 0 rg BT 395.02 674.50 Td (this ) Tj ET Q q 0 0 0 rg BT 413.29 674.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 441.63 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 444.34 674.50 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.18 674.50 Td (March13, ) Tj ET Q q 0 0 0 rg BT 505.35 674.50 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.60 674.50 Td (. ) Tj ET Q q 0 0 0 rg BT 532.55 674.50 Td (A) Tj ET Q q 0 0 0 rg BT 538.67 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 541.38 674.50 Td (copy ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 662.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.62 662.50 Td (this ) Tj ET Q q 0 0 0 rg BT 78.96 662.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 107.30 662.50 Td ( ) Tj ET Q q 0 0 0 rg BT 110.08 662.50 Td (will ) Tj ET Q q 0 0 0 rg BT 126.74 662.50 Td (be ) Tj ET Q q 0 0 0 rg BT 140.64 662.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 181.78 662.50 Td (to ) Tj ET Q q 0 0 0 rg BT 192.90 662.50 Td (anyone ) Tj ET Q q 0 0 0 rg BT 228.48 662.50 Td (who ) Tj ET Q q 0 0 0 rg BT 249.61 662.50 Td (requests ) Tj ET Q q 0 0 0 rg BT 290.74 662.50 Td (it.) Tj ET Q /GS0 gs q 98.00 0 0 33.00 53.00 734.42 cm /I26 Do Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 625.30 Td (Additional Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 601.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 96.22 601.30 Td (information ) Tj ET Q q 0 0 0 rg BT 148.49 601.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 184.08 601.30 Td (to ) Tj ET Q q 0 0 0 rg BT 195.22 601.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.92 601.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 257.52 601.30 Td (is ) Tj ET Q q 0 0 0 rg BT 267.54 601.30 Td (available ) Tj ET Q q 0 0 0 rg BT 309.81 601.30 Td (at ) Tj ET Q q 0 0 0 rg BT 320.95 601.30 Td (the ) Tj ET Q q 0 0 0 rg BT 337.65 601.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 390.16 601.30 Td (website ) Tj ET Q q 0 0 0 rg BT 426.86 601.30 Td (at ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 437.9990234375 599.87421875 m 562.505859375 599.87421875 l s q 0 0 1 rg BT 438.00 601.30 Td (www) Tj ET Q q 0 0 1 rg BT 459.11 601.30 Td (.bluestoneresources.ca) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 589.30 Td (or ) Tj ET Q q 0 0 0 rg BT 61.17 589.30 Td (on ) Tj ET Q q 0 0 0 rg BT 75.07 589.30 Td (the ) Tj ET Q q 0 0 0 rg BT 91.75 589.30 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 128.98 589.30 Td (website ) Tj ET Q q 0 0 0 rg BT 165.67 589.30 Td (at ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 176.78515625 587.87421875 m 246.8095703125 587.87421875 l s q 0 0 1 rg BT 176.79 589.30 Td (www) Tj ET Q q 0 0 1 rg BT 197.90 589.30 Td (.sedar) Tj ET Q q 0 0 1 rg BT 225.14 589.30 Td (.com) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 246.81 589.30 Td (.) Tj ET Q endstream endobj 53 0 obj <> /View <>>>>> endobj 54 0 obj <> /View <>>>>> endobj 55 0 obj <> endobj 56 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;