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K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. It also explores for silver metal. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California. The company was formerly known as West Melville Metals Inc. and changed its name to K2 Gold Corporation in November 2016. K2 Gold Corporation was incorporated in 2011 and is headquartered in Vancouver, Canada.

Porto Energy Corp. (Porto) is a development-stage international natural resources company. Porto is engaged in the exploration, development and production of crude oil and natural gas. The Company, through its wholly owned subsidiary, Mohave Oil and Gas Corporation (MOGC), holds working interests in five concessions located in the Lusitanian Basin of Portugal, which include the Aljubarrota-3, Torres Vedras-3, Sao Pedro de Muel-2, Cabo Mondego-2 and Rio Maior-2 covering a total of 1,444,152 net acres. Porto's Lusitanian Basin is located on and offshore west-central Portugal and covers an area of approximately 30,000 square kilometers. As of February 1, 2011, the Company held 97.5% working interest in Torres Vedras-3 Concession for reservoirs below a depth of 400 metres and 87.5% for reservoirs above 400 metres. On January 30, 2010, it was formed through the amalgamation (the Amalgamation) of Porto and Mohave Exploration & Production Inc. (MEPI).