-----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, Kcno4pE/pPtn4TCc6gUP2phZ7DuMfCgMq+S7Rqs5Ezpq7KCbLsmsCe7TachsOJaU bVdJEimqU4cWeqCwdwz4yA== 0001002014-07-000983.txt : 20071113 0001002014-07-000983.hdr.sgml : 20071112 20071113134112 ACCESSION NUMBER: 0001002014-07-000983 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071113 DATE AS OF CHANGE: 20071113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Firstar Exploration CORP CENTRAL INDEX KEY: 0001372263 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 203927653 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-52519 FILM NUMBER: 071236717 BUSINESS ADDRESS: STREET 1: 810 JEWEL CITY: BLACKFOOT STATE: ID ZIP: 83221 BUSINESS PHONE: 208-785-2729 MAIL ADDRESS: STREET 1: 810 JEWEL CITY: BLACKFOOT STATE: ID ZIP: 83221 10QSB 1 firstar10-qsbfor09302007.htm QUARTERLY REPORT FOR FIRSTAR EXPLORATION CORP. FOR SEPTEMBER 30, 2007 Quarterly Report for Firstar Exploration Corp. for September 30, 2007

===========================================================================================================================

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-QSB

[X]      Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
  FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2007 
 
  OR 
 
[   ]  Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
  For the transition period from to 

Commission File Number 333-137358

FIRSTAR EXPLORATION CORPORATION
(Exact name of registrant as specified in its charter)

NEVADA
(State of other jurisdiction of incorporation or organization)

 810 Jewel Street
Blackfoot, Idaho 83221
(Address of principal executive offices)

(208) 785-2729
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ x ] No [   ]

The Registrant is a shell company: Yes [ x ] No [   ]

As of September 30, 2007, we had 7,000,000 shares of common stock issued and outstanding.

 

===========================================================================================================================

 

 


PART I
 
ITEM 1.  INTERIM FINANCIAL STATEMENTS           
 
FIRSTAR EXPLORATION CORPORATION           
(An Exploration Stage Company)           
BALANCE SHEETS           
 
      September 30,   December 31,  
      2007   2006  
      (unaudited)      
ASSETS             
 
CURRENT ASSETS           
       Cash    $  139,937 $  930  
 
TOTAL ASSETS  $  139,937 $  930  
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)           
 
CURRENT LIABILITIES           
       Accounts payable  $  6,535 $  9,322  
       Advances payable - related party    21,000   1,000  
             TOTAL LIABILITIES    27,535   10,322  
 
COMMITMENTS AND CONTINGENCIES    -   -  
 
STOCKHOLDERS' EQUITY (DEFICIT)           
       Preferred stock, 100,000,000 shares authorized,           
             $0.00001 par value; no shares issued and outstanding    -   -  
       Common stock, 100,000,000 shares authorized,           
             $0.00001 par value; 7,000,000 and 5,000,000 shares at June 30 2007    70   50  
             and December 31, 2006, respectively issued and outstanding           
       Additional paid-in capital    249,930   49,950  
       Accumulated deficit during exploration stage    (137,598 )  (59,392 ) 
 
             TOTAL STOCKHOLDERS' EQUITY (DEFICIT)    112,402   (9,392 ) 
 
TOTAL LIABILITIES AND           
       STOCKHOLDERS' EQUITY (DEFICIT)  $  139,937 $  930  

 

 

The accompanying condensed notes are an integral part of these interim financial statements.
F-1

-2-


FIRSTAR EXPLORATION CORPORATION                       
(An Exploration Stage Company)                         
STATEMENTS OF OPERATIONS                         
 
                      From  
                      December 9,  
    Three Months   Three Months     Nine Months   Nine Months   2005  
    Ended   Ended     Ended   Ended   (Inception) to  
       September 30,   September 30,     September 30,   September 30,   September 30,  
    2007   2006     2007   2006   2007  
    (unaudited)   (unaudited)     (unaudited)   (unaudited)   (unaudited)  
 
REVENUES  $   $ -   $  - $  - $  -  
 
EXPENSES                         
           General and administrative expenses    325   -     1,523   36   1,931  
           Professional fees    13,455   4,192     33,301   11,934   79,259  
           Lease payments    -   -     10,000   7,500   17,500  
           Mineral and exploration expense    10,551   -     31,446   5,526   36,972  
           Regulatory fees    95   -     1,945   -   1,945  
                                    Total Expenses    24,426   4,192     78,215   24,996   137,607  
 
OTHER INCOME                         
           Interest income    4   -     9   -   9  
                           Total other income    4   -     9   -   9  
 
LOSS FROM OPERATIONS    (24,422 )  (4,192 )    (78,206 )  (24,996 )  (137,598 ) 
 
 
LOSS BEFORE TAXES    (24,422 )  (4,192 )    (78,206 )  (24,996 )  (137,598 ) 
 
INCOME TAX EXPENSE    -   -     -   -   -  
 
NET LOSS  $  (24,422 )$  (4,192 )  $  (78,206 )$  (24,996 )$  (137,598 ) 
 
NET INCOME (LOSS) PER SHARE,                         
           BASIC AND DILUTED  $  nil $ nil   $ (0.01 )$  nil      
 
WEIGHTED AVERAGE NUMBER OF                         
           COMMON SHARES OUTSTANDING,                         
           BASIC AND DILUTED    7,000,000   5,000,000     5,888,889   5,000,000      

 

 

 

 

 

The accompanying condensed notes are an integral part of these interim financial statements.
F-2

-3-


FIRSTAR EXPLORATION CORPORATION                       
(An Exploration Stage Company)                       
STATEMENTS OF CASH FLOWS                       
 
                    From  
                    December 9,  
    Nine Months       Nine Months       2005  
    Ended       Ended       (Inception) to  
    September 30,       September 30,       September 30,  
    2007       2006       2007  
    (unaudited)       (unaudited)       (unaudited)  
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:                       
       Net loss $ (78,206 ) $ (24,996 ) $ (137,598 )
       Adjustments to reconcile net loss to net cash used by operating activities:                  
          (Decrease) Increase in accounts payable    (2,787 )      1,692       6,535  
             Net cash used in operating activities    (80,993 )      (23,304 )      (131,063 ) 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:    -       -       -  
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:                       
          Proceeds from issuance of common stock    200,000       29,000       250,000  
          Proceeds from related party advance payable    20,000       1,000       21,000  
             Net cash provided by financing activities    220,000       30,000       271,000  
 
             NET INCREASE IN CASH    139,007       6,696       139,937  
 
CASH, BEGINNING OF PERIOD    930       803       -  
 
CASH, END OF PERIOD  $ 139,937 $ 7,499 $ 139,937
 
SUPPLEMENTAL CASH FLOW INFORMATION:                       
       Interest paid  $  -   $   -   $   -  
       Income taxes paid  $  -   $   -   $   -  

 

 

 

 

 

The accompanying condensed notes are an integral part of these interim financial statements.
F-3

-4-


FIRSTAR EXPLORATION CORPORATION
AN EXPLORATION STAGE COMPANY
CONDENSED NOTES TO THE INTERIM FINANCIAL STATEMENTS
SEPTEMBER 30, 2007

NOTE 1 – BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS

Firstar Exploration Corporation (hereinafter “the Company”) was incorporated on December 9, 2005 in the State of Nevada. The principal business of the Company is the acquisition, exploration and development of natural resource properties. Upon establishing the existence of proven reserves in one of its properties, the Company plans to actively prepare the site for extraction and enter a development stage.

The Company has been in an exploration stage since its inception on December 9, 2005, and has not realized any revenues from its planned operation. The Company’s year-end is December 31.

The foregoing unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Regulation S-B as promulgated by the Securities and Exchange Commission. Accordingly, these financial statements do not include all of the disclosures required by generally accepted accounting principles in the United States of America for complete financial statements. These unaudited interim financial statements should be read in conjunction with the audited financial statements for the period ended December 31, 2006. In the opinion of management, the unaudited interim financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim period presented. Operating results for the nine-month period ending September 30, 2007 are not necessar ily indicative of the results that may be expected for the year ending December 31, 2007.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of Firstar Exploration Corporation is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.

Recent Accounting Pronouncements
In February, 2007, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities – Including an amendment of FASB Statement No. 115” (hereinafter “SFAS No. 159”). This statement permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This Statement is expected to expand the use of fair value measurement, which is consistent with the Board’s long-term measurement objectives for accounting for financial instruments. This statement is effective as of the beginning of an entity’s first fiscal year tha t begins after

F-4

-5-


FIRSTAR EXPLORATION CORPORATION
AN EXPLORATION STAGE COMPANY
CONDENSED NOTES TO THE INTERIM FINANCIAL STATEMENTS
SEPTEMBER 30, 2007

November 15, 2007, although earlier adoption is permitted. Management has not determined the effect that adopting this statement would have on the Company’s financial condition or results of operation.

In September, 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans – an amendment of FASB Statements No. 87,88,106, and 132(R)” (hereinafter “SFAS No. 158”). This statement requires an employer to recognize the overfunded or underfunded statues of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income of a business entity or changes in unrestricted net assets of a not for profit organization. This statement also requires an employer to measure the funded status of a plan as of the date of its year end statement of financial position, with limited exceptions. The Company does not expect the adoption of this statement to have a significant immediate effect on its financial position or results of operations.

Exploration Stage
The Company has been in the exploration stage since inception on December 9, 2005. The Company has no revenues from its planned operations. It is primarily engaged in the acquisition, exploration and development of natural resource properties. Upon establishing the existence of proven reserves in one of its properties, the Company plans to actively prepare the site for extraction and enter a development stage.

Going Concern
At September 30, 2007, the Company had an accumulated deficit during the exploration stage of $137,598. Since its inception, the Company has not generated any revenues nor implemented their business plan. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans are to acquire, explore, and develop natural resource properties. Upon establishing the existence of proven reserves in one of its properties, the Company plans to actively prepare the site for extraction and enter a development stage. The ability of the Company to continue in existence is dependent upon management’s successful development and implementation of its business plan resulting in profitable operations. These plans, if successful, will mitigate the factors which raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any ad justments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Use of Estimates
The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.

F-5

-6-


FIRSTAR EXPLORATION CORPORATION
AN EXPLORATION STAGE COMPANY
CONDENSED NOTES TO THE INTERIM FINANCIAL STATEMENTS
SEPTEMBER 30, 2007

Concentration of Credit Risk
The Company maintains its cash in one commercial account at a major financial institution. Although the financial institution is considered creditworthy and has not experienced any losses on its deposits, at September 30, 2007 the Company’s cash balance exceeded Federal Deposit Insurance corporation (FDIC) limits by $31,166.

NOTE 3 – PREFERRED AND COMMON STOCK

Preferred Stock
The Company is authorized to issue 100,000,000 shares of preferred stock with a par value of $0.00001. As of September 30, 2007, the Company has not issued any preferred stock.

Common Stock
The Company is authorized to issue 100,000,000 shares of common stock. All shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.

In its initial capitalization in the year ended December 31, 2005, the Company issued 5,000,000 shares of common stock for $50,000, of which $29,000 was recorded as a subscription receivable. This subscription was collected in January 2006.

The Company closed its public offering on June 14, 2007. In the public offering, the Company issued 2,000,000 shares of common stock for $200,000.

NOTE 4 – LEASE AGREEMENT

On February 1, 2006, the Company acquired a twenty-year lease with the option to purchase the related, unpatented mineral claims (known as the Gold Dust Property) situated in White Pine County, Nevada. The lease payment upon execution was $7,500. The Company is committed to spend a minimum of $5,000 in the first year for work on the claim or, alternatively, to pay $5,000 to the lessor. SEE NOTE 6.

Annual lease payments are as follows:

2/1/2007                               $  10,000 
2/1/2008  $  15,000 
2/1/2009-2025  $  25,000 

F-6

-7-


FIRSTAR EXPLORATION CORPORATION
AN EXPLORATION STAGE COMPANY
CONDENSED NOTES TO THE INTERIM FINANCIAL STATEMENTS
SEPTEMBER 30, 2007

NOTE 5 – RELATED PARTY TRANSACTIONS

The Company’s majority stockholder advanced the Company $21,000. These advances are non-interest bearing, not collateralized, and considered to be due on demand.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

As a condition of its mining lease, the Company is required to spend the sum $25,000 in 2008 for work commitments on its Gold Dust claims. If these amounts are not expended on the claims, the same amounts are to be paid in cash to the lessor.

The lease also requires a production royalty equal to 2.5% of net smelter returns on all products produced from the claims to be paid to the lessor. As of September 30, 2007, the Company has not paid any fees.

 

 

 

 

 

 

 

 

 

 

 

 

F-7

-8-


ITEM 2.      MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

     This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Plan of Operation

     We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

     Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Since we do not know what we will find under the ground, we cannot tell you if we will be successful. We have started exploration on the property. We raised $200,000 from our direct public offering. The $200,000 in gross proceeds will allow us to conduct our exploration program. If we find mineralized material, we will proceed to create a development program. Development is defined as the preparation of a commercially minable deposit or reserve for extraction which is not already in production. If we do not find mineralized material, we will cease operations.

     We will be conducting research in the form of exploration of the property. Our exploration program is explained in as much detail as possible in the business section of our prospectus. We are not going to buy or sell any plant or significant equipment during the next twelve months. We will not buy any equipment until we have located a body of ore, and we have determined it is economical to extract the ore from the land.

We do not have any reserves. Even if we complete our current exploration program and it is successful in identifying a mineral deposit, of which there is no assurance whatsoever, we will have to spend substantial funds for further drilling and engineering studies before we will know if we have a commercially viable mineral deposit. We will make a decision whether to proceed with each successive phase of the exploration program upon completion of the previous phase and upon analysis of the results of that program.

     We do not intend to interest other companies in the property if we find mineralized materials.

     We intend to try to develop the reserves through the use of mining engineers. If we are unable to complete any phase of exploration because we don't have enough money, we will cease operations until we raise more money. If we can't or don't raise more money, we will cease operations. If we cease operations, we are unsure of what our next plan will be.

-9-


     We do not intend to hire additional employees at this time. All of the work on the property will be conducted by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

     In the event we complete our exploration program prior to the end of one year, and it is anticipated we will do so as reflected in the milestones that follow, if we find mineralized material we will spend the balance of the year creating a program for development of the property. If we do not find mineralized material at the conclusion of our exploration program, we will cease operations.

Milestones

     The following are our milestones:

      1.     

We are in the process of finding a geologists to retain to manage the exploration of the property. - Cost $15,000. Time of retention 0-90 days.

 
2.     

90-180 days from hiring a geologist, if the geologist feels the report indicates feasibility, we will file a “Notice of Intent” with the BLM to receive permission to drill. Upon approval we will obtain a bond for disturbance.

 
3.     

180-210 days, from approval from the BLM we hope to begin core drilling. Core drilling will cost $20 per foot. We will be able to drill 20 holes to the depth of 200 feet. Core drilling will be subcontracted to non-affiliated third parties. An independent third party will analyze the samples from the core drilling and determine if mineralized material is below the ground. If mineralized material is found, we will attempt to define the ore body. We estimate that it will cost up to $5,000 to analyze the core samples and will take about 30 days.

      The cost of the subcontractors is included in the description of services to be rendered. All funds for the foregoing activities have been obtained from our direct public offering.

Limited Operating History; Need for Additional Capital

     There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of the property, and possible cost overruns due to price and cost increases in services.

     To become profitable and competitive, we are conducting research and exploration of the property before we start production of any minerals we may find. We have raised $200,000 to help us to continue our research and exploration phases.

-10-


Results of Operations

From Inception on December 9, 2005

     Since inception, paid in capital has paid all our expenses to incorporate us, and for legal and accounting expenses. In January 2006, Mr. Schaefer advanced $1,000 to pay the costs of incorporation, accounting fees and a portion of legal fees for our public offering. In January, 2007, Mr. Schaefer advanced us an additional $20,000 to pay accounting fees, legal fees, lease expense, and begin exploration.

Accounts payable

     Accounts payable of $6,535 were booked at September 30, 2007 represented by liabilities for the following expenses:

Accounting                                                                                                 $  3,540 
Legal expense    2,995 
Exploration costs    - 
Transfer agent and filing fees    - 
Included in expenses to September 30,2007  $  6,535 

     A majority of these liabilities were paid subsequent to the quarter ended September 30, 2007.

Liquidity and Capital Resources

     Whatever money we have raised, will be applied to the items set forth in the Use of Proceeds section of our prospectus. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans.

     At the present time, we have not made any arrangements to raise additional cash, other than through our direct public offering. If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely other than as described in this paragraph, we have no other financing plans.

     As of the date of this report, we have yet to begin operations, and therefore, we have not generated any revenues from our business operations.

     In addition, we sold 100,000 shares of common stock to Mr. Collins in consideration of $1,000 and 4,900,000 shares of common stock to Coalton Schaefer in consideration of $49,000. In December, 2005, we issued 5,000,000 shares of common stock pursuant to the exemption from registration contained in section 4(2) of the Securities Act of 1933. This was accounted for as a purchase of shares of common stock, in consideration of $50,000.

     On June 14, 2007, we completed our public offering and raised $200,000.

 

 

-11-


     As of September 30, 2007, our total assets were $139,937 and our total liabilities were $27,535.


ITEM 3.      CONTROLS AND PROCEDURES.

     Evaluation of Disclosure Controls and Procedures - Our Principal Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report, have concluded that, based on the evaluation of these controls and procedures, that our disclosure controls and procedures were effective.


PART II OTHER INFORMATION


ITEM 2.      CHANGES IN SECURITIES AND USE OF PROCEEDS.

     On October 13, 2006, the Securities and Exchange Commission declared our Form SB-2 Registration Statement effective, file number 333-137358, permitting us to offer up to a maximum of 2,000,000 shares of common stock at $0.10 per share. There was no underwriter involved in our direct public offering.

     On June 14, 2007, we completed our public offering and raised $200,000. Since then we have spent the proceeds as follows:

 Accounting Fees  $  20,556 
 Legal Fees      10,498 
 Mining & Exploration Costs    25,915 
 Regulatory Costs    1,945 
 General & Administrative    1,198 
 
  Total  $  60,112 


ITEM 6.     EXHIBITS.
 

The following Exhibits are attached hereto:

Exhibit No.    Document Description
 
31.1     

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and Rule 15d-15(e), promulgated under the Securities Exchange Act of 1934, as amended.

 
32.1     

Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of 2002.

 

-12-


SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 9th day of November, 2007.

FIRSTAR EXPLORATION CORPORATION

BY:  LINDA SMITH
       
Linda Smith, President, Principal Executive
        Officer, Secretary, Treasurer, Principal Financial 
        Officer, Principal Accounting Officer, and a
        member of the Board of Directors

 

 

 

 

 

 

 

 

 

 

 

-13-


EXHIBIT INDEX

 

Exhibit No.    Document Description
 
31.1     

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and Rule 15d-15(e), promulgated under the Securities Exchange Act of 1934, as amended.

 
32.1     

Certification of Chief Executive Officer and Chief Financial Officer Pursuant To 18 U.S.C. Section 1350, as adopted pursuant to Section 302 Of The Sarbanes-Oxley Act of 2002.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-14-


EX-31.1 2 exhibit311.htm CERTIFICATION OF THE CEO & CFO Certification of the CEO & CFO

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Linda Smith, certify that:

1.       

I have reviewed this 10-QSB for the period ending September 30, 2007, of Firstar Exploration Corporation;

 
2.    
 

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 
3.     

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 
4.     

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

 
  a.     

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 
  b.     

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 
  c.     

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 
5.     

I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 
  a.     

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 
  b.     

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 
Date:  November 9, 2007  LINDA SMITH 
    Linda Smith 
    Principal Executive Officer and Principal Financial Officer 


EX-32.1 3 exhibit321.htm SOX CERTIFICATION OF THE CEO & CFO SOX Certification of the CEO & CFO

Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. Section 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly Report of Firstar Exploration Corporation (the "Company") on Form 10-QSB for the period ended September 30, 2007, as filed with the Securities and Exchange Commission on the date here of (the "report"), I, Linda Smith, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)     

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 
(2)     

The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 
 

Dated this 9th day of November, 2007.

 

LINDA SMITH
Linda Smith
Chief Executive Officer and Chief Financial Officer

 

 

 

 

 

 

 

 

 


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