Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
9 Months Ended
Aug. 31, 2012
Subsequent Events [Abstract]  
13. Subsequent Events


On August 7, 2012, the Company declared a dividend of $0.11 per share for a total distribution of $1,010,291. The distribution was paid on September 4, 2012 to stockholders of record on August 24, 2012. The dividend reinvestment amounted to approximately $27,000.

Formerly Owned International Resource Partners, LP

Upon the satisfaction of certain post-closing obligations, $628,863 of the escrow receivable due the Company, which relates to the sale of International Resource Partners, LP, was released and paid to the Company on September 20, 2012. No clear agreement has been reached as to the remaining escrow balance and Management anticipates that it may take more than a year to satisfy other post-closing obligations prior to receiving the approximately $713,000 escrow receivable balance remaining.