0001294606-11-000094.txt : 20110815 0001294606-11-000094.hdr.sgml : 20110815 20110815154949 ACCESSION NUMBER: 0001294606-11-000094 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Riverdale Mining Inc. CENTRAL INDEX KEY: 0001402357 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 980534641 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53309 FILM NUMBER: 111036034 BUSINESS ADDRESS: STREET 1: 20 CARL CRESCENT CITY: TORONTO STATE: A6 ZIP: M1W 3R2 BUSINESS PHONE: 509-536-1632 MAIL ADDRESS: STREET 1: 20 CARL CRESCENT CITY: TORONTO STATE: A6 ZIP: M1W 3R2 10-Q 1 riverdale10-qfor06302011.htm RIVERDALE MINING - FORM 10-Q FOR JUNE 30, 2011 riverdale10-qfor06302011.htm - Generated by SEC Publisher for SEC Filing

 

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 10-Q

 

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE QUARTERLY PERIOD ENDED June 30, 2011

 

 

 

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 000-53309

 

RIVERDALE MINING INC.
(Exact name of registrant as specified in its charter)

 

NEVADA

 

68-0672900

(State or other jurisdiction of incorporation or organization)

 

(IRS Employer Identification No.)

 

20 Carl Crescent
Toronto, Ontario
Canada M1W 3R2

 (Address of principal executive offices, including zip code.)

 

1-877-536-0333
(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 [   ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 
Yes [   ]  No [   ]

 

 

 

 

 

 


 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer, “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated filer   

 

[   ]   

 

Accelerated filer   

 

[   ]   

Non-accelerated filer   

 

[   ]   

 

Smaller reporting company   

 

[X]   

(Do not check if a smaller reporting company) 

 

 

 

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  YES [X]   NO [   ]

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 7,000,000 as of August 12, 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2


 

 

RIVERDALE MINING INC.

 

FORM 10-Q

June 30, 2011

INDEX

 

PART I-- FINANCIAL INFORMATION

 

 

PART II-- OTHER INFORMATION

 

 

                             SIGNATURE

 

                            EXHIBIT INDEX

 

 

 

 

 

 

 

 

 

3


 

 

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This Quarterly Report on Form 10-Q (this “Report”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “predict,” “project,” “forecast,” “potential,” “continue” negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking statements.

We cannot predict all of the risks and uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Report and include information concerning possible or assumed future results of our operations, including statements about potential acquisition or merger targets; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future financial results, and any other statements that are not historical facts.

These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Report. All subsequent written and oral forward-looking statements concerning other matters addressed in this Report and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Report.

Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

 

CERTAIN TERMS USED IN THIS REPORT

When this report uses the words “we,” “us,” “our,” and the “Company,” they refer to Riverdale Mining Inc.  “SEC” refers to the Securities and Exchange Commission.

 

 

4


 

 

PART I – FINANCIAL INFORMATION

ITEM 1.         FINANCIAL STATEMENTS

Riverdale Mining Inc.
(An Exploration Stage Company)

June 30, 2011

Basis of Presentation

The accompanying statements are presented in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  In the opinion of management, all adjustments (consisting only of normal occurring adjustments) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended June 30, 2011 are not necessarily indicative of results that may be expected for the year ending March 31, 2012.

 

 

 

 

 

 

 

 

 

 

 

5

 


 

 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

BALANCE SHEETS

Unaudited

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

2011

 

2010

ASSETS

 

 

 

 

 

CURRENT ASSETS

 

 

      Cash

$

2,057

$

2,677

 

 

 

 

Total Current Assets

 

2,057

 

2,677

 

 

 

 

 

 

TOTAL ASSETS

$

2,057

$

2,677

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Accounts payable and accrued expenses

$

63,128

$

12,863

 

Demand note payable

 

50,000

 

40,000

 

Accounts payable – related party

 

12,497

 

11,405

 

TOTAL LIABILITIES

125,625

 

64,268

 

 

 

 

 

 

COMMITMENTS AND CONTINGENCIES

 

-

 

-

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

Preferred Stock, 100,000,000 shares authorized, $0.00001 par value

 

 

 

 

 

 

No shares are issued and outstanding

 

-

 

-

 

 

Common stock, 100,000,000 shares authorized, $0.00001 par value;

 

 

 

 

7,000,000 shares issued and outstanding

 

70

 

70

 

 

Additional paid-in capital

 

199,980

 

199,980

 

 

Deficit accumulated during exploration stage

 

(323,618)

 

(261,641)

 

 

TOTAL STOCKHOLDERS' DEFICIT

 

(123,568)

 

(61,591)

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

2,057

$

2,677

 

 

 

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.
F-1

 

6


 

 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE ENTERPRISE)

CONDENSED STATEMENTS OF EXPENSES

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

For the period from March 30,

 

 

Three Month Ended

 

Three Month Ended

 

2007 (Inception) Through

 

 

June 30, 2011

 

June 30, 2010

 

June 30, 2011

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

Consulting fees

$

54,765

$

4,500

$

166,752

 

Legal and accounting

 

280

 

2,500

 

75,959

 

Exploration

 

-

 

-

 

16,500

 

Loan Interest

 

1,247

 

-

 

2,680

 

Other general and administrative

 

5,685

 

2,974

 

61,727

NET LOSS

$

(61,977)

$

(9,974)

 

(323,618)

 

 

 

 

 

 

 

 

NET LOSS PER COMMON SHARE- BASIC AND DILUTED


$


(0.01)

 

$


(0.00)

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED

 

 


7,000,000

 

 

 


7,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.
F-2

 

7


 

 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

 

 

 

 


For the Three


For the Three

For the period from
March 30, 2007

 

 

Months Ended

Months Ended

(Inception) through

 

 

June 30, 2011

June 30, 2011

June 30, 2011

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

Net loss

$

(61,977)

$

(9,974)

$

(323,618)

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

Increase in accounts payable and accrued expenses

 

50,265

 

(705)

 

63,128

Net cash used in operating activities

 

(11,712)

 

(10,679)

 

(260,490)

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

-

 

-

 

-

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

Net advances from (repayments to) related party

 

1,092

 

16,789

 

12,497

 

Proceeds from sale of common stock

 

-

 

-

 

200,050

 

Proceeds from note payable

 

10,000

 

-

 

50,000

Net cash provided by financing activities

 

31,092

 

16,789

 

262,547

 

 

 

 

 

 

 

Change in cash

 

(620)

 

6,110

 

2,057

 

 

 

 

 

 

 

Cash, beginning of period

$

2,677

$

128

$

-

 

 

 

 

 

 

 

Cash, end of period

$

2,057

$

6,238

$

2,057

 

 

 

 

 

 

 

SUPPLEMENTAL CASHFLOW DISCLOSURES

 

 

 

 

 

 

 

Interest paid

$

-

$

-

$

-

 

Income taxes paid

$

-

$

-

$

-

                 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.

F-3

 

8


 

 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS

(Unaudited)

 

NOTE 1. - BASIS OF PRESENTATION

 

The accompanying unaudited interim financial statements of Riverdale Mining Inc. (“Riverdale Mining or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Riverdale’s Annual Report filed with the SEC on Form 10-K.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2010 as reported in the Form 10-K have been omitted.


NOTE 2. - GOING CONCERN

 

From March 30, 2007 (date of inception) to June 30, 2011, Riverdale Mining has not generated revenues and has accumulated losses since inception. The continuation of Riverdale Mining as a going concern is dependent upon the continued financial support from its shareholders, the ability of Riverdale Mining to obtain necessary equity financing to continue operations, and the attainment of profitable operations. There is no guarantee that Riverdale Mining will be able to complete any of the above objectives. These factors raise substantial doubt regarding the Riverdale Mining’s ability to continue as a going concern.

 

NOTE 3. – RELATED PARTY TRANSACTIONS

 

The Company occupies office space provided by the president of the Company at no cost. The value of the space is not considered materially significant for financial reporting purposes. Advances on behalf of the Company are non-interest bearing.

 

NOTE 4 – MINING CLAIMS

 

On January 31, 2011, the Company was unaware of its mineral title renew and inadvertently did not renew the Sheelagh Creek Gold mining claim in time. The claim was automatically forfeited and was re-staked by Speebo Inc. On February 15, 2011, Speebo Inc. agreed to resell the claim to the Company for $2,500,  which was paid on February 15, 2011.  The Sheelagh Creek Gold mining claim is held in the name of the Company’s president, Vladimir Vaskevich.

 

 

 

 

 

 

F-4

 
9

 


 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS

(Unaudited)

 

NOTE 5 - DEMAND NOTE PAYABLE

As of June 30, 2011, Riverdale borrowed $50,000 from CRG Finance. The note bears 10% interest and is due on demand.


NOTE 6 - SUBSEQUENT EVENTS

 

On July 27, 2011, the Company arranged to borrow another $25,000 from CRG Finance AG. The loan is due upon demand and compounds interest at 10.0% per annum.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F-5

10


 

 

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

This section of this quarterly report on Form 10-Q 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 quarterly 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

 

Estimates and Assumptions

 

In the preparation of our financial statements, no estimates have been used since there is insufficient historical information in which to base such estimates.

 

Trends Affecting Our Business

 

We do not recognize any trends which will affect our business.  While it appears that we are in a world-wide recession, the demand for mineralized materials remains constant in good or bad economical cycles.

 

Plan of Operation for the Next Twelve Months

 

            Management is evaluating the results of the geology report to determine what additional work should be done on the property, if any. Currently, that is the Company’s only plan and it does not have plans to do any else.

 

Results of Operations

 

Quarter Ended June 30, 2011 Compared to Quarter Ended June 30, 2010

 

1.         Revenue and Operating Expenses

 

We did not generate any revenue for the period ended June 30, 2011, which remained unchanged from the period ended June 30, 2010. The reason we have not generated any revenue is because we are still in the exploration stage.

Consulting fees increased by $50,265 or 1,117% from $4,500 for the period ended June 30, 2010 to $54,765 for the period ended June 30, 2011. The reason for the increase was the result of signing a consulting agreement with CRG Finance whereby we agreed to pay CRG $25,000 per month for its services. Of the $25,000 due per month, $10,000 is payable and $15,000 is accrued.

 

Legal and accounting fees decreased by $2,220 or 89% from $2,500 for the period ended June 30, 2010 to $280 for the period ended June 30, 2011. The reason for the decrease was the result of the timing of filing our periodic reports which went beyond the normal billing date into the next quarter.

 

11

 


 

 

Other administrative and miscellaneous increased by $2,711 or 91% from $2,974 for the period ended June 30, 2010 to $5,685 for the period ended June 30, 2011. The increase was primarily due to increased telephone and office supply expenses.

 

2.         Assets and Liabilities

 

Cash and cash equivalents were $2,057 at June 30, 2011 as compared to $2,677 at March 31, 2011.

 

Work Completed:

 

Exploration crew spent September 13 and 14th, 2008 on-site prospecting and sampling the Project.  Access to the site was good and both the Black Diamond and the Independent showings were located and sampled on the first day. 

 

As the Black Diamond showing is not mentioned in historic government reports it was decided that the entire second field day be spent prospecting the rest of the property with the hope of locating additional undocumented mineralized showings.

 

Observations and Results:

 

Black Diamond showing:  The crew observed a caved adit, 4 trenches and a shallow shaft in this area.  These old workings were developed on a series of narrow (+/- 4.0 inch) parallel quartz veins/veinlettes that were traced (by the workings) for approximately 150 feet.  A total of six rock samples were collected from the better mineralized vein material.  The highest gold value received was 2.3g/t from a sample of the dump material at the mouth of the caved adit.  All of the other five rock samples returned values of less than 0.52g/t Au.  While pyrite, galena, chalcopyrite and sphalerite were observed in most of the rock samples, none of the base metal elements (Pb, Zn, and Cu) returned values close to levels of economic interest.

 

Independent showing  Three shallow pits/trenches were located in this area.  These workings were also developed on a series of narrow quartz carbonate veinlettes/stockwork that carried trace amounts of arsenopyrite and pyrite.  The highest gold value obtained from the four rock samples collected in this area was 885ppb (0.88g/t).  The other three rock samples returned gold values of less than 150ppb.

 

General Geological observation at the known showings and property wide prospecting confirmed the geological setting as previously reported.  No additional “old workings” or mineralized zones were located during the course of the prospecting.

 

Conclusions and Recommendations:  Based on the low gold values, narrow mineralized structures and short strike lengths of mineralization it is apparent that an insufficient volume of economically exploitable material (“ore”) occurs within the Project.  As this is the case, it is recommend that no further work be carried out on the South Rossland Project and that the claims either be abandoned or held under minimum care and maintenance.

 

 

 

 

12


 

 

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 our properties, and possible cost overruns due to price and cost increases in services.

 

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Future equity financing could result in additional dilution to existing shareholders.

 

Liquidity and Capital Resources

 

At the present time, we have not made any arrangements to raise additional cash. If we need additional cash and cannot raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely.

 

We have the right to explore one property which consists of three claims comprising a total of 177.9 acres. The property is registered in our president's name.

As of June 30, 2011, we borrowed $50,000 from CRG Finance. The note bears 10% interest and is due on demand.

            On July 27, 2011, we arranged to borrow another $25,000 from CRG Finance AG. The loan is due upon demand and compounds interest at 10.0% per annum.

 

Since inception, we have issued 7,000,000 shares of our common stock and received $200,050.

 

In March 2007, we issued 5,000,000 shares of common stock to our officers and directors pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. The purchase price of the shares was $50. This was accounted for as an acquisition of shares.

 

In December 2007, we completed our public offering by raising $200,000 and issued 2,000,000 shares of common stock.

 

As of June 30, 2011, our total assets were $2,057 consisting entirely of cash and our total liabilities were $125,625.

Off Balance Sheet Arrangements

 

We have no off balance sheet arrangements.

 

13


 

 

Critical Accounting Policies

 

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from those estimates. We believe that there are several accounting policies that are critical to understanding our historical and future performance, as these policies affect the reported amounts of revenue and the more significant areas involving management’s judgments and estimates.  These significant accounting policies relate to revenue recognition, valuation of long-lived assets and income taxes. These policies, and the related procedures, are described in detail below.

 

Revenue recognition

 

The Company’s revenue consists of obtaining the ability to find mineralized material that is economically feasible to extract from our property.

 

Impairment of long lived assets

 

Long-lived assets of the Company are reviewed for impairment whenever events or changes in circumstances indicate that their carrying value has become impaired, in accordance with the guidance established in Statement of Financial Accounting Standards (“SFAS”) No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis.

 

Income taxes

 

The Company accounts for income taxes under the provisions of SFAS No. 109, Accounting for Income Taxes, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The effect on deferred income tax assets and liabilities of a change in income tax rates is included in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred income tax assets to the amount expected to be realized.

 


ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.



14


 

 

ITEM 4.         CONTROLS AND PROCEDURES.


Evaluation of Disclosure Controls and Procedures

 

            We maintain “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. Based on this Evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our Disclosure Controls were effective as of the end of the period covered by this report.

 

Changes in Internal Controls

 

            We have also evaluated our internal control for financial reporting, and there have been no changes in our internal controls or in other factors that could affect those controls subsequent to the date of their last evaluation.


PART II. OTHER INFORMATION

ITEM 1.         LEGAL PROCEEDINGS.

 

Currently we are not aware of any litigation pending or threatened by or against the Company.

ITEM 1A.      RISK FACTORS


            We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

ITEM 2.         UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.         DEFAULTS UPON SENIOR SECUITIES.

 

None.

 

ITEM 4.         (REMOVED AND RESERVED)

 

ITEM 5.         OTHER INFORMATION.

 

            None.

 

15


 

 


ITEM 6.     EXHIBITS.

            The following documents are included herein:

Exhibit No. 

Document Description

 

 

31.1             

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

 

32.1     

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16


 

 

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 15th day of August, 2011.

 

 

RIVERDALE MINING INC.

 

 

 

 

 

 

BY:

VLADIMIR VASKEVICH

 

 

 

Vladimir Vaskevich, President, Principal

 

 

 

Executive Officer, Treasurer, Principal

 

 

 

Financial Officer and Principal Accounting

 

 

 

Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

 


 

 

EXHIBIT INDEX

 

Exhibit No. 

Document Description

 

 

31.1             

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

 

32.1     

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18

 


 
EX-31 2 exhibit311.htm SOX CERTIFICATION FOR CEO & CFO exhibit311.htm - Generated by SEC Publisher for SEC Filing  

 

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

 

I, Vladimir Vaskevich, certify that:

 

1.         I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2011 of Riverdale Mining Inc.;

 

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)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) 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.         Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;

 

            c.         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

 

            d.         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: August 15, 2011

VLADIMIR VASKEVICH

 

Vladimir Vaskevich,

Principal Executive Officer and Principal Financial Officer

 


 
EX-32 3 exhibit321.htm SOX SECTION 302(A) CERTIFICATION FOR CEO & CFO exhibit321.htm - Generated by SEC Publisher for SEC Filing  

 

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 Riverdale Mining Inc. (the "Company") on Form 10-Q for the period ended June 30, 2011 as filed with the Securities and Exchange Commission on the date here of (the "report"), I, Vladimir Vaskevich, 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 15th day of August, 2011.

 

 

VLADIMIR VASKEVICH

 

Vladimir Vaskevich

 

Chief Executive Officer and Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A signed original of these written statements required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Riverdale Mining Inc. and will be retained by Riverdale Mining Inc. and furnished to the Securities and Exchange Commission or its staff upon request.