-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T+Yx5qMPWH5SzfHKc20ECdqncqZK0W06c3MFs6VTn4ai1/dFlXJUIZVuTBxMU+D/ UKTUzsGk6UV2bI/SblUqIg== 0001137171-05-002201.txt : 20051123 0001137171-05-002201.hdr.sgml : 20051123 20051123135424 ACCESSION NUMBER: 0001137171-05-002201 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050831 FILED AS OF DATE: 20051123 DATE AS OF CHANGE: 20051123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEE TEN VENTURES INC CENTRAL INDEX KEY: 0001076234 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29964 FILM NUMBER: 051224222 BUSINESS ADDRESS: STREET 1: 212 525 SEYMOUR STREET CITY: VANCOUVER BC STATE: A1 ZIP: V6B3M7 BUSINESS PHONE: 6046870122X226 6-K 1 geeten6k112305.htm 6-K FILING FOR GEE-TEN VENTURES Filed by Filing Services Canada Inc. 403-717-3898

 

______________________________________________________________________________


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C.  20549

_________________________________


FORM 6-K


Report of Foreign Issuer


Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934




For the month of August, 2005


Gee-Ten Ventures Inc.

Commission File No. 0-29964



620-475 Howe Street

Vancouver, British Columbia

Canada V6C 2B3

(Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.


Form 20-F      X      Form 40-F             


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes            No    X     



If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  82-  N/A   










SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Gee-Ten Ventures Inc.



Date: November 23, 2005

By:"Paul Shatzko"

Name: Paul Shatzko

Title:

President


 


Exhibit List

 

99.1            Consolidated Financial Statements - August 31, 2005

EX-99 2 financials.htm EXHIBIT 99.1 CONSOLIDATED FINANCIAL STATEMENTS RICAFUERTE MINING CORP.

GEE-TEN VENTURES INC.

CONSOLIDATED BALANCE SHEET

AUGUST 31, 2005

(With comparative audited figures for May 31, 2005)

(Unaudited)

(PREPARED BY MANAGEMENT)


   
Aug 31, 2005
 
May 31, 2005
 
ASSETS
Current Assets
         
Cash and cash equivalents
 
$
8,186
 
$
29,705
 
Goods and Services Tax recoverable
   
26,341
   
22,145
 
Prepaid expenses and deposits
   
-
   
7,600
 
     
34,527
   
59,450
 
               
Due from related parties
   
10,000
   
10,000
 
Property, plant and equipment (net)
   
9,442
   
7,260
 
Mineral Properties
   
195,214
   
195,214
 
Deferred Exploration
   
210,259
   
203,824
 
   
$
459,442
 
$
475,748
 
               
LIABILITIES
Current Liabilities
             
Accrued liabilities and accounts payable
 
$
163,169
 
$
237,201
 
Due to related parties
   
18,524
   
32,233
 
     
181,693
   
269,434
 
               
SHAREHOLDERS' EQUITY
               
Share Capital
   
4,519,075
   
4,089,216
 
Share subscriptions
   
50,000
   
60,790
 
Contributed surplus
   
412,824
   
412,824
 
Retained earnings (deficit)
   
(4,704,150
)
 
(4,356,516
)
     
277,749
   
206,314
 
   
$
459,442
 
$
475,748
 
 
 

See accompanying notes to unaudited financial statements.

 

1




GEE-TEN VENTURES INC.

CONSOLIDATED STATEMENT OF LOSS AND DEFICIT

FOR THE THREE MONTHS ENDED AUGUST 31, 2005

(With comparative unaudited figures for the three months ended August 31, 2004)

(Unaudited)

(PREPARED BY MANAGEMENT)


 
   
2005
 
2004
 
EXPENSES:
         
Amortization
 
$
519
 
$
1,893
 
Bank charges and interest
   
1,701
   
216
 
Consulting
   
48,602
   
-
 
Director's fees
   
4,661
   
-
 
Management fees
   
7,500
   
7,500
 
New business search/evaluation
   
87,242
   
48,735
 
Office & telephone
   
14,118
   
9,384
 
Professional fees
   
45,131
   
22,537
 
Promotion, travel and investor relations
   
130,871
   
3,057
 
Regulatory fees
   
2,890
   
3,908
 
Rent
   
3,915
   
6,545
 
Transfer agent
   
484
   
1,450
 
     
347,634
   
105,225
 
Net loss for the period
   
347,634
   
105,225
 
DEFICIT, BEGINNING OF PERIOD
   
4,356,516
   
3,187,931
 
DEFICIT AT END OF PERIOD
 
$
4,704,150
 
$
3,293,156
 
BASIC & DILUTED LOSS PER SHARE
 
$
0.02
 
$
0.01
 
 
 

See accompanying notes to unaudited financial statements.



2






GEE-TEN VENTURES INC.

CONSOLIDATED STATEMENT OF DEFERRED EXPLORATION

FOR THE THREE MONTHS ENDED AUGUST 31, 2005

(With comparative unaudited figures for the three months ended AUGUST 31, 2004)

(Unaudited)

(PREPARED BY MANAGEMENT)


   
2005
 
2004
 
           
Exploration
         
Claim Maintenance Fee
 
$
6,435
 
$
6,935
 
Deferred exploration for the period
   
6,435
   
6,935
 
Deferred exploration, beginning of period
   
203,824
   
131,399
 
Deferred exploration, end of period
 
$
210,259
 
$
138,334
 
 
 

See accompanying notes to unaudited financial statements.




3






GEE-TEN VENTURES INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE THREE MONTHS ENDED AUGUST 31, 2005

(With comparative unaudited figures for the three months ended AUGUST 31, 2004)

(Unaudited and prepared by management)



   
2005
 
2004
 
Cash provided by (used in):
         
           
OPERATING ACTIVITIES:
         
Loss for the period
 
$
(347,634
)
$
(105,225
)
Changes in non-cash operating working capital:
             
Goods and services tax receivable
   
(4,196
)
 
(2,085
)
Prepaid expenses and deposits
   
7,600
   
(36,140
)
Accounts payable and due to related parties
   
(87,741
)
 
1,316
 
     
(431,971
)
 
(142,134
)
Add non-cash items
             
Amortization
   
519
   
1,893
 
     
(431,452
)
 
(140,241
)
               
INVESTING ACTIVITIES:
             
Deferred exploration costs
   
(6,435
)
 
(6,935
)
Property. Plant & equipment
   
(2,701
)
 
-
 
     
(9,136
)
 
(6,935
)
FINANCING ACTIVITIES
             
Shares issued pursuant to:
             
Exercise of warrants
   
-
   
9,500
 
Exercise of options
   
45,000
   
-
 
Private placement
   
384,859
   
-
 
Share subscriptions
   
(10,790
)
 
100,000
 
     
419,069
   
109,500
 
INCREASE (DECREASE) IN CASH
   
(21,519
)
 
(37,676
)
CASH, BEGINNING OF PERIOD
   
29,705
   
69,278
 
CASH AT END OF PERIOD
 
$
8,186
 
$
31,602
 
 
 


See accompanying notes to unaudited financial statements.



4






GEE-TEN VENTURES INC.

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED AUGUST 31, 2005 AND 2004

 (Unaudited)

(PREPARED BY MANAGEMENT)


1. Significant Accounting Policies:


These interim consolidated financial statements of Gee-Ten Ventures Inc. (the “Company”) have been prepared by management, and have not been audited or reviewed by an independent public accountant. These interim consolidated financial statements do not include all disclosures required by Canadian generally accepted accounting principles for annual financial statements, and accordingly, these interim consolidated financial statements should be read in conjunction with the Company’s most recent annual consolidated financial statements. These interim consolidated financial statements follow the same accounting policies and methods of application as the Company’s audited annual consolidated financial statements as at and for the year ended May 31, 2005.



2. Share Capital:


(a)

   
Number of shares
 
Amount
 
           
Balance May 31, 2005
   
16,899,475
 
$
4,089,216
 
Issued for private placement
   
2,109,000
   
384,859
 
Issued on exercise of options
   
225,000
   
45,000
 
Balance, August 31, 2005
   
19,233,475
 
$
4,519,075
 
 
 


(b) The following table summarizes the stock options outstanding and exercisable at August 31, 2005:


EXERCISE
NUMBER
EXPIRY
NUMBER
PRICE
OUTSTANDING
DATE
EXERCISABLE
         
$
0.40
250,000
December 8, 2005
250,000
$
0.25
150,000
October 7, 2006
150,000
$
0.40
150,000
November 2, 2006
150,000
$
0.20
1,325,000
March 14, 2007
1,325,000
       
 
   
1,875,000
 
1,875,000
 
 

(c) The following warrants were outstanding at August 31, 2005.  Each warrant entitles the holder to purchase one common share of the Company.


 
EXERCISE
EXPIRY
NUMBER
PRICE
DATE
       
500,000
$
0.50
May 7, 2006
450,000
$
0.45
October 13, 2006
720,000
$
0.45
December 30, 2006
2,109,000
$
0.30
June 8, 2007

 



5



-----END PRIVACY-ENHANCED MESSAGE-----