Yes it was part of the debenture financing (closed) to purchase the the 100 percent ownership of San Francisco Project, where insiders participated and closed.The CEO Luna also participated with over $1/2 million 

BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 15, 2013
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 23, 2012:

Convertible Debenture $950,000

Conversion Price: Convertible into shares at $0.10 of principal outstanding

Maturity date: December 31, 2014

Detachable Warrants 4,750,000 warrants to purchase 4,750,000 shares for a two year period at a price of $0.10.

Interest rate: An interest charge of $12.67 per tonne of mineralized material from the San Francisco project, subject to a minimum monthly payment of $5,067 per month and a maximum monthly payment of $15,833 per month.

Number of Placees: 5 placees

Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Debenture
Eduardo Luna Y $577,712
Mike Magrum Y $50,000
Joseph Keane Y $49,652