10-Q/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-Q/A-1

[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 CrescentToronto, 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

 

EXPLANATORY NOTE

Our company is filing this Amendment No. 1 on Form 10-Q/A (the “Amendment”) to our quarterly report on Form 10-Q for the period ended June 30, 2011 (the “Form 10-Q”), filed with the Securities and Exchange Commission on August 15, 2011 (the “Original Filing Date”), to correct errors made on the statement of cash flows page, whereas the column heading for the three months ended June 30, 2010 has been properly reflected and to correct the total of net cash provided by financing activities for the three months ended June 30, 2011 of $11,092 instead of $31,092. Additionally, we are amending the original filing to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from our Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):

101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Schema
101.CAL	XBRL Taxonomy Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Label Linkbase
101.PRE	XBRL Taxonomy Presentation Linkbase

This Amendment speaks as of the Original Filing Date, does not reflect events that may have occurred subsequent to the Original Filing Date, and does not modify or update in any way disclosures made in the Form 10-Q.  No other changes have been made to the Form 10-Q.

3

 

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.

Condensed Balance Sheets (unaudited)	F-1
Condensed Statements of Expenses (unaudited)	F-2
Condensed Statements of Cash Flows (unaudited)	F-3
Notes to (unaudited) Condensed Financial Statements	F-4

4

 

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

5

 

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

6

 

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, 2010		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				11,092		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

7

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

8

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

9

 

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).
101	Interactive Data Files (Form 10-Q for the quarterly period ended June 30, 2011 furnished in XBRL).
	101 INS - XBRL Instance Document
	101 SCH - XBRL Taxonomy Schema
	101 CAL - XBRL Taxonomy Calculation Linkbase
	101 DEF - XBRL Taxonomy Definition Linkbase
	101 LAB - XBRL Taxonomy Label Linkbase
	101 PRE - XBRL Taxonomy Presentation Linkbase

10

 

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 14^th day of September, 2011.

RIVERDALE MINING INC.
BY:	VLADIMIR VASKEVICH
	Vladimir Vaskevich, President, Principal
	Executive Officer, Treasurer, Principal
	Financial Officer and Principal Accounting
	Officer

11

 

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).
101	Interactive Data Files (Form 10-Q for the quarterly period ended June 30, 2011 furnished in XBRL).
	101 INS - XBRL Instance Document
	101 SCH - XBRL Taxonomy Schema
	101 CAL - XBRL Taxonomy Calculation Linkbase
	101 DEF - XBRL Taxonomy Definition Linkbase
	101 LAB - XBRL Taxonomy Label Linkbase
	101 PRE - XBRL Taxonomy Presentation Linkbase

12

EX-31

 

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Vladimir Vaskevich, certify that:

1.         I have reviewed this Amended Quarterly Report on Form 10-Q/A-1 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: September 14, 2011	VLADIMIR VASKEVICH
	Vladimir Vaskevich, Principal Executive Officer and Principal Financial Officer

EX-32

 

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 Amended Quarterly Report of Riverdale Mining Inc. (the "Company") on Form 10-Q/A-1 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 14^th day of September, 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.

XML



Riverdale Mining - Balance Sheet (An Exploration Stage Company) (Parentheticals) (USD $)	Jun. 30, 2011	Mar. 31, 2010
Preferred stock par value (in Dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value (in Dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	7,000,000	7,000,000
Common stock, shares outstanding	7,000,000	7,000,000

XML



Riverdale Mining - Stament of Expenses (An Exploration Stage Enterprise) (USD $)	3 Months Ended		51 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 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 (in Dollars per share)	$ (0.01)	$ 0.00
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED (in Shares)	7,000,000	7,000,000	7,000,000

XML



Document And Entity Information	3 Months Ended
	Jun. 30, 2011	Aug. 12, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	Riverdale Mining Inc.
Document Type	10-Q
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		7,000,000
Amendment Flag	false
Entity Central Index Key	0001402357
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2011
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1

XML



NOTE 3. - RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2011

Related Party Transactions Disclosure [Text Block]

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.

XML



NOTE 1. - BASIS OF PRESENTATION

3 Months Ended

Jun. 30, 2011

Basis of Presentation and Significant Accounting Policies [Text Block]

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.

XML



NOTE 4 - MINING CLAIMS

3 Months Ended

Jun. 30, 2011

Commitments and Contingencies Disclosure [Text Block]

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.

XML



NOTE 5 - DEMAND NOTE PAYABLE

3 Months Ended

Jun. 30, 2011

Debt Disclosure [Text Block]

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.

XML



NOTE 6 - SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2011

Subsequent Events [Text Block]

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.

XML



Riverdale Mining - Statement of Cash Flows (An Exploration Stage Company) (USD $)	3 Months Ended		51 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (61,977)	$ (9,974)	$ (323,618)
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 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	11,092	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

XML



NOTE 2. - GOING CONCERN

3 Months Ended

Jun. 30, 2011

Going Concern Note

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.

XML



Riverdale Mining - Balance Sheet (An Exploration Stage Company) (USD $)	Jun. 30, 2011	Mar. 31, 2010
ASSETS
Cash	$ 2,057	$ 2,677
Total Current Assets	2,057	2,677
TOTAL ASSETS	2,057	2,677
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
STOCKHOLDERS' DEFICIT
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