North Bay Resources boosts stake in Bishop Gold Mill – ICYMI [Video]

North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson talked with Proactive about the company’s exciting advancements, including a significant increase in its ownership of the Bishop Gold Mill in California. 

Lazerson explained that the company’s stake has grown from 55.5% to 70%, following a fair-value deal structured primarily with shares.

Proactive: Welcome back inside our Proactive newsroom. Joining me now is Jared Lazerson, the CEO of North Bay Resources. Jared, it’s always great to have you back. How are you?

Jared Lazerson: Doing great. Thanks.

Good to have you on. The company is out with news today that you’ve increased your stake in the Bishop Gold Mill. This is significant and important to the company. Can you tell everyone what it’s used for and why you decided to take a bigger stake in it?

Well, we’re already at 55.5% ownership, and we had the opportunity to work with the minority owner to make the last tranche of payments. This will end the security interest of …