-----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, ObX2IYr/8dSGUN6KAfb+cOCDRNHegAc99uKoSsH8QLniMYLc7q4O5cZTbhxBKL40 ZlnGb+CTWtp/OM0Kb8D4iQ== 0001205059-03-000025.txt : 20031128 0001205059-03-000025.hdr.sgml : 20031127 20031128104316 ACCESSION NUMBER: 0001205059-03-000025 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRI LATERAL VENTURE CORP CENTRAL INDEX KEY: 0001205059 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50112 FILM NUMBER: 031028067 BUSINESS ADDRESS: STREET 1: 604-750 WEST PENDER STREET CITY: VAN COUVER BC STATE: A1 ZIP: V6C 2T7 BUSINESS PHONE: 604689018 6-K 1 form6ksepfin.htm FORM 6K INTERIM FINANCIALS UNITED STATES SECURITIES AND EXCHANGE COMMISSION

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 AND 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of November 2003

TRI-LATERAL VENTURE CORPORATION
(Name of Registrant)


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


99.a


Interim Financial Statements, Nine Months Ended 9/30/2003

 

 

 

 

 

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.

EX-1 2 sep03fin.htm SEPTEMBER 30, 2003 INTERIM FINANCIALS Tri-Lateral Venture Corporation

 

 

 

 

 

 

TRI-LATERAL VENTURE CORPORATION

INTERIM FINANCIAL STATEMENTS

September 30, 2003
(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRI-LATERAL VENTURE CORPORATION
INTERIM BALANCE SHEET
September 30, 2003 and December 31, 2002
(Unaudited)




ASSETS

(Unaudited)
September 30,
2003

(Audited)
December 31,
2002

Current
    Cash
    GST receivable


Resource properties


$               266 
           2,157 

2,423 
         20,275 

         22,698 


$           13,384 
               907 

14,291 
         12,656 

         26,947 

LIABILITIES

Current
    Accounts payable- Note 3
    Loan payable


$          44,007 
         43,500 

         87,507 


$        272,627 
        725,424 

        998,051 

SHAREHOLDERS' DEFICIENCY

Share capital - Note 2
Contributed surplus
Deficit

6,769,726 
2,000 
( 6,836,535)

(     64,809)

$         22,698 

5,783,259 
2,000 
( 6,756,363)

(    971,104)

$           26,947 

 

SEE ACCOMPANYING NOTES


 

 

 

 


TRI-LATERAL VENTURE CORPORATION
INTERIM STATEMENTS OF LOSS AND DEFICIT
for the three and nine months ended September 30, 2003 and 2002
(Unaudited)

Three Months ended
September 30,
2003                    2002

Nine Months ended
September 30,
2003                      2002

Administrative Expenses
   Accounting - Note 3
   Bank charges and interest - Note 3
   Consulting fees - Note 3
   Filing fees
   Legal
   Rent and office - Note 3
   Resource property costs
   Transfer agent
   Travel

Loss before other items
Other items
   Interest earned
   Gain on settlement of debt

Net loss for the period

Deficit, beginning of the period

Deficit, end of the period

Basic and diluted loss per share


$         1,400 
179 
10,000 
4,143 
- - 
1,500 
- - 
1,427 
                  - 

(    18,649)

14 
               - 

$     (18,635)






$         (0.00)


$         2,100 
12,344 
7,500 
9,979 
2,661 
2,936 
3,494 
4,925 
                 - 

(    45,939)

86 
               - 

$      (45,853)






$         (0.01)


$7,775 
8,673 
22,173 
16,737 
10,986 
8,632 
- - 
5,221 
               - 

(    80,197)

25 
               - 

$
     (80,172)

$(6,756,363)

$(6,836,535)

$         (0.02)


$         9,735 
37,682 
22,500 
11,237 
23,635 
5,937 
5,156 
10,450 
            5,950 

(    132,282)

348 
         51,072 

$
     (80,862)

$(6,154,389)

$(6,235,251)

$         (0.02)

 

SEE ACCOMPANYING NOTES

 

 

 

 

 

 

 

 

TRI-LATERAL VENTURE CORPORATION
INTERIM STATEMENTS OF CASH FLOWS
for the three and nine months ended September 30, 2003 and 2002
(Unaudited)

Three Months ended
September 30,
2003                    2002

Nine Months ended
September 30,
2003                      2002

Operating Activities
   Net loss for the period
   Item not affecting cash:
      Gain on settlement of debt
   Changes in non-cash working capital
       items related to operations:
      Accounts receivable
      Accounts payable


Financing Activities
   Increase in loans payable
   Repayment of loans payable



Investing Activities
   Increase in deposit
   Increase in resource property



Decrease in cash during the period

Cash, beginning of period

Cash, end of period

Supplementary disclosure of cash flow
    information:
   Cash paid for:
      Interest

      Income taxes


$       18,635)

- - 


         (832)
      10,744 

       (8,723)

15,000 
               - 

      15,000 


(7,096)
               - 

      (7,096)

(819)

        1,085 

$          266 




$               - 

$               - 


$    (45,853)

- - 


(46)
        11,878 
   
      (34,021)

- - 
             (80)

             (80)


(7,500)
               - 

       (7,500)

(41,601)

        61,849 

$      20,248 




$                - 

$                - 


$    (80,172)

- - 


(1,250)
       32,423 

     (48,999)

43,500 
                - 

      43,500 



       (7,619)

       (7,619)

(13,118)

       13,384 

$           266 




$                - 

$                - 


$   (80,862)

(51,072)


(2,721)
       45,801 

     (88,854)

(558,333)
(120,080)

   (120,080)


(7,500)
                - 

       (7,500)

(216,434)

     236,682 

$      20,248 




$                - 

$                - 

 

SEE ACCOMPANYING NOTES

 

 

 

TRI-LATERAL VENTURE CORPORATION
NOTES TO THE INTERIM FINANCIAL STATEMENTS
September 30, 2003
(Unaudited)

Note 1

Interim Reporting


While the information presented in the accompanying nine months financial statements is unaudited, it included all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and its cash flows for the interim periods presented. These interim financial statements follow the same accounting policies and methods in their application as the Company's annual financial statements. It is suggested that these interim financial statements be read in conjunction with the Company's audited annual December 31, 2002 financial statements.

Note 2

Share Capital


Authorized

Unlimited common shares
Unlimited non-voting convertible redeemable non-cumulative 6% preference shares

Issued Common Shares

Number

$

 

Balance, December 31, 2002
Issued pursuant to share for debts agreements

Balance, September 30, 2003

3,372,872 
    986,467 

 4,359,339 

5,783,259 
    986,467 

 6,769,726 

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
September 30,
2003                    2002

 

Nine Months ended
September 30,
2003                    2002

 

Accounting fees
Consulting fees
Interest expense
Rent

$     1,400 
7,500 
- - 
      1,500 

$   10,400 

$     2,100 
7,500 
6,250 
       1,500 

$   17,350 

 

$     5,325 
20,000 
4,167 
      4,500 

$   33,992 

$     6,400 
22,500 
18,750 
     4,500 

$  52,150 

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.


As at September 30, 2003, accounts payable includes $19,521 owing to a director of the Company and a company with a common director.

 

Note 4

Non-cash Transactions


Investing and financing activities that do not have a direct impact on current cash flows are excluded from the statements of cash flows. During the nine months ended September 30, 2003, the Company settled accounts payable totalling $261,043 and loans payable totalling $725,424 by issuing 986,467 common shares valued at $986,467. This transaction was excluded from the statements of cash flows.

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.


The impact of the above on the financial statements is as follows:

   

September 30,
2003                    2002

 

Net loss for the period per Canadian GAAP
Deferred exploration costs
Net loss for the period per US GAAP

$      (80,172)
         (7,619)
$      (87,791)

$      (80,862)
                 - 
$      (80,862)

   

September 30,
2003

December 31,
2002

 

Total assets per Canadian GAAP
Acquisition and deferred exploration costs

Total assets per US GAAP

Shareholders' Deficiency
   Balance, end of the period as per Canadian GAAP
   Acquisition and deferred exploration costs

Balance, end of period per US GAAP

$       22,698 
      (20,275)

$         2,423 


$     (64,809)
      (20,275)

$     (85,084)

$       26,947 
        (12,656)

$       14,291 


$   (971,104)
      (12,656)

$   (983,760)

 

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