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Proc-Type: 2001,MIC-CLEAR
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OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE COMMISSION REPORT OF FOREIGN ISSUER For the Month of November 2003 TRI-LATERAL VENTURE CORPORATION
OMB Number: 3235-0116
Expires: August 31, 2005
Estimated average burden
hours per response 6.2
Washington, D.C. 20549
FORM 6-K
PURSUANT TO RULE 13a-16 AND 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
750 West Pender Street, #604, Vancouver, British Columbia V6C 2T7
Executive Offices
Indicate by check mark whether the Registrant files annual reports under cover of Form 20-F or
Form 40-F. Form 20-F X Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation
S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation
S-T Rule 101(b)(7): ____
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 Securities
Exchange Act of 1934. Yes ___ No X
Documents Included as Part of this Report
Exhibit No. |
Document |
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.
Tri-Lateral Venture Corporation -- SEC File No. 0-50112
(Registrant)
Date: November 24 2003 |
By Gregory C. Burnett Gregory C. Burnett, President/CEO and Director |
SEC 1815 (11-2002) Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
TRI-LATERAL VENTURE CORPORATION |
TRI-LATERAL VENTURE CORPORATION |
||
|
(Unaudited) |
(Audited) |
Current |
|
|
LIABILITIES |
||
Current Loan payable |
|
|
SHAREHOLDERS' DEFICIENCY |
||
Share capital - Note 2 |
6,769,726 |
5,783,259 |
SEE ACCOMPANYING NOTES |
TRI-LATERAL VENTURE CORPORATION |
Three Months ended |
Nine Months ended |
|||
Administrative Expenses |
|
|
$(6,756,363) $(6,836,535) $ (0.02) |
$(6,154,389) $(6,235,251) $ (0.02) |
SEE ACCOMPANYING NOTES |
SEE ACCOMPANYING NOTES |
TRI-LATERAL VENTURE CORPORATION |
|
Note 1 |
Interim Reporting
|
Note 2 |
Share Capital
Unlimited common shares |
Issued Common Shares |
Number |
$ |
|
Balance, December 31, 2002 |
3,372,872 |
5,783,259 |
Note 3 |
Related Party Transactions During the three and nine months ended September 30, 2003 the Company incurred the following expenses with directors and a company with a common director: |
Three Months ended |
Nine Months ended |
|||||
Accounting fees |
$ 1,400 |
$ 2,100 |
$ 5,325 |
$ 6,400 |
The expenses were measured by the exchange amount, which is the amount agreed upon by the transacting parties and are on terms and conditions similar to non-related entities.
|
Note 4 |
Non-cash Transactions
|
Note 5 |
Canadian and United States of America Accounting Principles The financial statements have been prepared in accordance with accounting principles generally accepted in Canada, which differ in certain respects with those principles and practices that the Company would have followed had its financial statements been prepared in accordance with accounting principles generally accepted in the United States of America. The Company's accounting principles generally accepted in Canada ("Canadian GAAP") differ from accounting principles generally accepted in the United States ("US GAAP") as follows: a) Resource Properties Under Canadian GAAP, resource property acquisition costs and exploration costs may be deferred and amortized to the extent they meet certain criteria. Under US GAAP, acquisition costs and exploration costs must be expensed as incurred unless the resource properties have proven reserves. During the nine months ended September 30, 2003, $7,619 was incurred in resource property costs. Therefore, an additional expense is required under US GAAP.
|
September 30, |
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Net loss for the period per Canadian GAAP |
$ (80,172) |
$ (80,862) |
|
September 30, |
December 31, |
||
Total assets per Canadian GAAP |
$ 22,698 |
$ 26,947 |