10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended November 30, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission File No. 000-52892

Sara Creek Gold Corp.

(Exact name of registrant as specified in its charter)

Nevada	98-0511130
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

7582 Las Vegas Boulevard South #247 Las Vegas, Nevada	89123
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (702) 664-1246

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 past 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.

ý Yes           o 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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

ý Yes          o No (Not required)

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,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	Smaller reporting company ý

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ý Yes   o No

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date:  10,281,985 shares of common stock as of January 9, 2013

1

SARA CREEK GOLD CORP.

FOR THE FISCAL QUARTER ENDED

NOVEMBER 30, 2012

INDEX TO FORM 10-Q

PART I		Page
Item 1	Financial Statements (Unaudited)	3
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4	Controls and Procedures	16
PART II
Item 1	Legal Proceedings	17
Item 1A	Risk Factors	17
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3	Defaults Upon Senior Securities	18
Item 4	Mine Safety Disclosures	18
Item 5	Other Information	18
Item 6	Exhibits	18
	Signatures	19

2

PART I

Item 1 Financial Statements

SARA CREEK GOLD CORP.
(AN EXPLORATION STAGE COMPANY)
BALANCE SHEETS
	November 30, 2012			August 31, 2012
ASSETS	(Unaudited)
Current assets
Cash	$	35,119		$	15,942
Total current assets		35,119			15,942
Total assets	$	35,119		$	15,942
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	53,803		$	57,407
Notes payable		13,966			13,966
Total current liabilities		67,769			71,373
Total liabilities		67,769			71,373
Commitments and contingencies
Stockholders' deficit
Common stock; $0.001 par value; 750,000,000
shares authorized, 10,281,985 and 9,281,985
shares issued and outstanding, respectively		10,282			9,282
Common stock payable		-			300
Additional paid in capital		716,620			682,320
Accumulated deficit		(759,552	)		(747,333	)
Total stockholders' deficit		(32,650	)		(55,431	)
Total liabilities and stockholders' deficit	$	35,119		$	15,942

The accompanying notes are an integral part of these financial statements.

3

SARA CREEK GOLD CORP.
(AN EXPLORATION STAGE COMPANY)
STATEMENTS OF OPERATIONS
UNAUDITED
							From June 12, 2006
	For the Three Months Ended						(Inception) to
	November 30, 2012			November 30, 2011			November 30, 2012
Operating expenses
General and administrative	$	12,219		$	7,898		$	750,493
Total operating expenses		12,219			7,898			750,493
Loss from operations		(12,219	)		(7,898	)		(750,493	)
Other expense
Interest expense		-			(1,771	)		(9,059	)
Total other expense		-			(1,771	)		(9,059	)
Loss from operations before income taxes		(12,219	)		(9,669	)		(759,552	)
Provision for income taxes		-			-			-
Net loss	$	(12,219	)	$	(9,669	)	$	(759,552	)
Net loss per common share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.32	)
Weighted average common shares outstanding -
basic and diluted		9,763,304			3,166,977			2,399,109

The accompanying notes are an integral part of these financial statements.

4

SARA CREEK GOLD CORP.
(AN EXPLORATION STAGE COMPANY)
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
											Stock								Total
	Common Stock				Common Stock Payable						Subscription			Additional		Accumulated			Stockholders'
	Shares		Amount		Shares			Amount			Receivable			Paid-in Capital		Deficit			Equity (Deficit)
Balance, June 12, 2006 (Inception)		-	$	-		-		$	-		$	-		$	-	$	-		$	-
Issuance of stock at $0.001 per share		1,000,000		1,000		-			-			(10,000	)		9,000		-			-
Net loss		-		-		-			-			-			-		(1,230	)		(1,230	)
Balance, August 31, 2006		1,000,000		1,000		-			-			(10,000	)		9,000		(1,230	)		(1,230	)
Receipt of stock subscription receivable		-		-		-			-			10,000			-		-			10,000
Net loss		-		-		-			-			-			-		(5,855	)		(5,855	)
Balance, August 31, 2007		1,000,000		1,000		-			-			-			9,000		(7,085	)		2,915
Issuance of stock pursuant to a private
placement at $0.10 per share		490,000		490		-			-			-			48,510		-			49,000
Net loss		-		-		-			-			-			-		(58,567	)		(58,567	)
Balance, August 31, 2008		1,490,000		1,490		-			-			-			57,510		(65,652	)		(6,652	)
Net loss		-		-		-			-			-			-		(30,806	)		(30,806	)
Balance, August 31, 2009		1,490,000		1,490		-			-			-			57,510		(96,458	)		(37,458	)
Net loss		-		-		-			-			-			-		(513,721	)		(513,721	)
Balance, August 31, 2010		1,490,000		1,490		-			-			-			57,510		(610,179	)		(551,179	)
Issuance of common stock in exchange
for debt at $0.30 per share		1,676,977		1,677		-			-			-			501,416		-			503,093
Net loss		-		-		-			-			-			-		(72,794	)		(72,794	)
Balance, August 31, 2011		3,166,977		3,167		-			-			-			558,926		(682,973	)		(120,880	)
Adjustment for rounding differences		8		-		-			-			-			-		-			-
Issuance of common stock in exchange
for debt at $0.01 per share		5,000,000		5,000		-			-			-			45,000		-			50,000
Issuance of common stock in exchange
for debt at $0.05 per share		600,000		600		-			-			-			29,400		-			30,000
Accrued interest waived by stockholders		-		-		-			-			-			9,059		-			9,059
Issuance of common stock in exchange
for services rendered at $0.05 per share		515,000		515		-			-			-			25,235		-			25,750
Issuance of common stock in exchange
for cash at $0.05 per share		-		-		300,000			300			-			14,700		-			15,000
Net loss		-		-		-			-			-			-		(64,360	)		(64,360	)
Balance, August 31, 2012		9,281,985		9,282		300,000			300			-			682,320		(747,333	)		(55,431	)
Issuance of common stock in exchange
for cash at $0.05 per share		1,000,000		1,000		(300,000	)		(300	)		-			34,300		-			35,000
Net loss		-		-		-			-			-			-		(12,219	)		(12,219	)
Balance, November 30, 2012 (Unaudited)		10,281,985	$	10,282		-		$	-		$	-		$	716,620	$	(759,552	)	$	(32,650	)

The accompanying notes are an integral part of these financial statements.

5

SARA CREEK GOLD CORP.
(AN EXPLORATION STAGE COMPANY)
STATEMENTS OF CASH FLOWS
UNAUDITED
							From June 12, 2006
	For the Three Months Ended						(Inception) to
	November 30, 2012			November 30, 2011			November 30, 2012
Cash flows from operating activities:
Net loss	$	(12,219	)	$	(9,669	)	$	(759,552	)
Adjustments to reconcile net loss to net
cash used by operating activities:
Loss on settlement of debt		-			-			432,894
Accrued interest on notes payable		-			1,771			9,059
Issuance of common stock for services		-			-			25,750
Changes in operating assets and liabilities:
Accounts payable		(3,604	)		(142	)		53,803
Net cash used by operating activities		(15,823	)		(8,040	)		(238,046	)
Cash flows from investing activities:
Notes receivable, net		-			-			(432,894	)
Net cash used by investing activities		-			-			(432,894	)
Cash flows from financing activities:
Proceeds from notes payable		-			25,000			618,414
Repayment of notes payable		-			-			(21,355	)
Issuance of common stock for cash		35,000			-			109,000
Net cash provided by financing activities		35,000			25,000			706,059
Net change in cash		19,177			16,960			35,119
Cash, beginning of period		15,942			1,458			-
Cash, end of period	$	35,119		$	18,418		$	35,119
Supplemental disclosure of cash flow information:
Interest paid	$	-		$	-		$	-
Taxes paid	$	-		$	-		$	-
Supplemental disclosure of non-cash financing activity
Stock issued in exchange for debt	$	-		$	-		$	583,093
Accrued interest waived by stockholders	$	-		$	-		$	9,059

The accompanying notes are an integral part of these financial statements.

6

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

1.           DESCRIPTION OF BUSINESS

Sara Creek Gold Corp. (“the Company”) was incorporated under the laws of the State of Nevada on June 12, 2006, under the name of Uventus Technologies Corp.  On September 23, 2009, the Company merged with its wholly owned subsidiary and changed its name to Sara Creek Gold Corp. to better reflect its business plan which is the acquisition, exploration, and development of gold and other mineral resource properties.

2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended August 31, 2012.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.  Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.  It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.  The interim results for the three months ended November 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End - The Company has selected August 31 as its year end.

Exploration Stage Company - The Company’s financial statements are presented as a company in the exploration stage of business.  Activities during the exploration stage primarily include implementation of the business plan and obtaining debt and/or equity related financing.

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

7

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation.  As of November 30, 2012 and 2011 no amounts were in excess of the federally insured program, respectively.

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the product or service has been rendered; the fee is fixed and determinable based on the completion of stated terms and conditions; and collection of the amount due is reasonably assured.  The Company did not realize any revenues from June 12, 2006 (inception) through November 30, 2012.

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes.  The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets.  The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period.  Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry forward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset.  Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments.  As of November 30, 2012 and August 31, 2012 the carrying amounts and estimated fair values of the Company’s financial instruments approximate their fair value due to the short-term nature of such financial instruments, respectively.

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on our earnings, capital requirements and financial condition, as well as other relevant factors.  

8

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of November 30, 2012 and 2011, respectively.

Risks and Uncertainties - The Company’s operations and future are dependent in a large part on its ability to locate economically developable deposits of precious metals.  The Company’s inability to locate and extract precious metals may have a material adverse effect on its financial condition, results of operations and cash flows.

New Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company’s financial statements.

3.           GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of November 30, 2012, the Company had total current assets of $35,119 and a working capital deficit in the amount of $32,650. The Company incurred a net loss of $12,219 during the three months ended November 30, 2012 and an accumulated net loss of $759,552 since inception.  The Company has not earned any revenues since inception and its cash resources are insufficient to meet its planned business objectives.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock as may be required and ultimately to attain profitability.

Management’s plan in this regard, is to raise capital through a combination of equity and debt financing sufficient to finance the continuing operations for the next twelve months.  However, there can be no assurance that the Company will be successful in raising such financing.  As an alternative, the Company may be amenable to a sale, merger, or other acquisition in the event such transaction is deemed by management to be in the best interests of the shareholders.

9

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

4.           NOTES RECEIVABLE AND BAD DEBT EXPENSE

On January 20, 2010, the Company entered into a loan agreement with Kapelka Exploration, Inc. (“Kapelka”).  Under the terms of the loan agreement the Company agreed to provide Kapelka with cash advances of up to $500,000 for general operating purposes. Any funds advanced under the loan were non-interest bearing and were to be repaid to the Company no later than December 31, 2015.  On January 20, 2011 the Company’s Board of Directors resolved to forgive accumulated advances of $401,452 indebted to the Company and recorded the loss to bad debt expense.

On February 3, 2010 the Company entered into a memorandum of understanding with Ophir Exploration Inc. (“Ophir”) and advanced $30,000 at an interest rate of 5% per annum.  On January 28, 2011 the Company’s Board of Directors resolved to forgive the $30,000 indebted to the Company, together with accrued interest in the amount of $1,442, and recorded the loss to bad debt expense.

Bad debt expense for the three months ended November 30, 2012 and 2011 totaled $0 and $0, respectively.

5.           NOTES PAYABLE

As of November 30, 2012 and 2011 there was a balance due to a stockholder in the amount of $13,966.  This balance is unsecured, non-interest bearing and has no specific terms of repayment.

As of August 31, 2010, the Company received advances from an unrelated party totaling $488,093.   During the six months ended February 28, 2011, the Company received an additional $15,000 for an accumulative balance of $503,093.  These advances were non-interest bearing, unsecured, and due on demand.  On February 8, 2011, the outstanding debt of $503,093 was exchanged for 1,676,977 shares of common stock at $0.30 per share.  Therefore, as of November 30, and August 31, 2012, the balance together with accrued interest totaled $0.  There was no gain or loss recorded on the conversion of the debt.

On November 18, 2010 the Company entered into an unsecured promissory note in the amount of $50,000. The note bears interest of 10% per annum and was due on December 31, 2011.  On April 19, 2012, the outstanding principle of $50,000 was exchanged for 5,000,000 shares of common stock at $0.01 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $7,096 which is presented as a contribution on the statement of stockholders’ deficit.  As of November 30, and August 31, 2012, the balance together with accrued interest totaled $0 and $53,918, respectively.

10

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

On August 25, 2011 the Company entered into an unsecured promissory note in the amount of $5,000. The note bears interest of 10% per annum and is due on August 24, 2012.  On May 22, 2012, the outstanding principle of $5,000 was exchanged for 100,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $371 which is presented as a contribution on the statement of stockholders’ deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0 and $5,008, respectively.

On September 20, 2011 the Company entered into two unsecured promissory notes for a total amount of $10,000. The notes bear interest of 10% per annum and are due on September 19, 2012.  On May 22, 2012, the outstanding principle of $10,000 was exchanged for 200,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $671 which is presented as a contribution on the statement of stockholders’ deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0.

On October 11, 2011 the Company entered into an unsecured promissory note in the amount of $15,000. The note bears interest of 10% per annum and is due on October 10, 2012.  On May 22, 2012, the outstanding principle of $15,000 was exchanged for 300,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $921 which is presented as a contribution on the statement of stockholders’ deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0.

6.           STOCKHOLDERS’ EQUITY (DEFICIT)

On September 23, 2009, the Company affected a 15 for 1 forward stock split of its authorized, issued, and outstanding common stock.

On February 8, 2011, the Company affected a 30 for 1 reverse stock split of its authorized, issued, and outstanding common stock.

The accompanying financial statements have been adjusted to reflect the forward and reverse stock splits, retroactively.

Year Ended August 31, 2006

On June 12, 2006, the Company issued 1,000,000 shares of its par value common stock to various directors at $0.001 per share for a subscription receivable of $10,000, which was received in 2007.

Year Ended August 31, 2008

On February 14, 2008, the Company issued 490,000 shares of its par value common stock pursuant to a private placement at $0.10 per share for gross proceeds in the amount of $49,000.

11

SARA CREEK GOLD CORP.

(A EXPLORATION STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

NOVEMBER 30, 2012

UNAUDITED

Year Ended August 31, 2011

On February 8, 2011, the Company issued 1,676,977 shares of its par value common stock in exchange for outstanding debt in the amount of $503,093 at $0.30 per share.

Year Ended August 31, 2012

On April 19, 2012, the Company issued 5,000,000 shares of its par value common stock in exchange for outstanding debt in the amount of $50,000 at $0.01 per share.

On May 22, 2012, the Company issued 600,000 shares of its par value common stock in exchange for outstanding debt in the amount of $30,000 at $0.05 per share.

Upon conversion of $80,000 in debt, the note holders elected to waive accrued interest totaling $9,059 which is presented as a contribution on the statement of stockholders’ deficit.  See also Note 5 regarding notes payable.

On August 14, 2012, the Company issued 515,000 shares of its par value common stock in exchange for services rendered in the amount of $25,750 at $0.05 per share.

On August 31, 2012, the Company received gross proceeds in the amount of $15,000 for 300,000 shares of its par value common stock at $0.05 per share.  As of August 31, 2012, the shares had not been issued and are recorded as common stock payable.

Three Months Ended November 30, 2012

On September 10, 2012 the Company issued 700,000 shares of its par value common stock in exchange for cash at $0.05 per share for gross proceeds in the amount of $35,000.  In addition, the Company issued 300,000 shares which had been recorded to common stock payable as of August 31, 2012.

7.           LEGAL PROCEEDINGS

On November 10, 2011, a claim in the amount of $14,452 was filed against the Company for past due legal services rendered. Management of the Company believes that the claim is without merit and intends to contest the claim vigorously.

8.           SUBSEQUENT EVENTS

The Company has evaluated subsequent events between the balance sheet date of November 30, 2012 and the date the financial statements were issued, and concluded that events or transactions occurring during that period requiring recognition or disclosure have been made.

12

Item 2     Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of our financial condition and plan of operations should be read in conjunction with our unaudited interim financial statements and related notes appearing elsewhere in this Quarterly Report.  Various statements have been made in this Quarterly Report on Form 10-Q that may constitute “forward-looking statements”.  Forward-looking statements may also be made in the Company’s other reports filed with or furnished to the United States Securities and Exchange Commission (the “SEC”) and in other documents.  In addition, the Company through its management may make oral forward-looking statements.

Forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from such statements.  The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely” and similar expressions are intended to identify forward-looking statements.  These statements are not guarantees of future performance, and therefore, you should not put undue reliance upon them.  Some of the statements that are forward-looking include: our ability to successfully implement our business plan; our estimates of revenues and of other expenses associated with our operations; our ability to identify, explore and extract mineralized material; and our ability to generate sufficient cash flows and maintain adequate sources of liquidity to finance our ongoing operations and capital expenditures.  The Company undertakes no obligation to update or revise any forward-looking statements.

History and Overview

Sara Creek Gold Corp. was incorporated under the laws of the State of Nevada on June 12, 2006, under the name of Uventus Technologies Corp.  On September 23, 2009, we merged with our wholly owned subsidiary and changed our name to Sara Creek Gold Corp. to better reflect our business plan which is the acquisition, exploration, and development of gold and other mineral resource properties.

Plan of Operations

Our overall strategy is to target the exploration and acquisition of mining concessions that allow for economically viable development and production with minimal net environmental impact.  Our exploration target is mineral bodies containing gold.

Results of Operations

The following discussion of the financial condition and results of operations should be read in conjunction with the unaudited financial statements included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future.

Three months ended November 30, 2012 and 2011

During the three months ended November 30, 2012 we had a net loss of $12,219 consisting of general and administrative expenses.  Similarly, during the three months ended November 30, 2011, we incurred net loss of $9,669 consisting of general and administrative expense in the amounts of $7,898 and interest expense of $1,771.

For the period from June 12, 2006 (inception) to November 30, 2012

We did not earn any revenues from June 12, 2006 (inception) through November 30, 2012 but incurred a net loss in the amount of $759,552. This loss consisted of general and administrative expense in the amount of $750,493 and interest expense of $9,059.  General and administrative expense during this period included notes receivable of $432,894 which was written off as bad debt expense.

Operating Activities

During the three months ended November 30, 2012 we used cash in the amount of $15,823 for operating activities which included a net loss of $12,219 and a decrease in accounts payable in the amount of $3,604.

During the three months ended November 30, 2011 we used cash in the amount of $8,040 for operating activities. Cash used in operating activities included a net loss of $9,669, accrued interest on notes payable of $1,771 and a decrease in accounts payable of $142.

During the period from June 12, 2006 (inception) to November 30, 2012, we used $238,046 of cash for operating activities.  This includes an accumulative net loss of $759,552, a net loss on settlement of debt of $432,894, accrued interest on notes payable of $9,059, issuance of common stock of $25,750, and an increase in accounts payable of $53,803.

13

Investing Activities

There were no investing activities for the three months ended November 30, 2012 and 2011.  For the period from June 12, 2006 (inception) to November 30, 2012, cash used in investing activities totaled $432,894 and included cash advances to third parties in the form of notes receivable which were written off as bad debt expense during the years ended August 31, 2010 and 2011.

Financing Activities

During the three months ended November 30, 2012, we received proceeds from notes the issuance of common stock in the amount of $35,000 for total cash provided by financing activities of $35,000.

During the three months ended November 30, 2011, we received proceeds from notes payable in the amount of $25,000 for total cash provided by financing activities of $25,000.

From June 12, 2006 (inception) to November 30, 2012, the Company received proceeds from notes payable in the amount of $618,414, repaid $21,355 to the note holders, and received proceeds from issuance of common stock of $109,000 for total cash provided by financing activities of $706,059.  $583,093 of the proceeds from notes payable was converted to common stock and stockholders waived $9,059 in accrued interest as of November 30, 2012.

Liquidity and Financial Condition

As of November 30, 2012 we had cash of $35,119, current liabilities of $67,769 and a working capital deficit of $32,650.  During the three months ended November 30, 2012, the Company had a loss of $12,219 and used net cash of $15,823 for operating activities.

To date, we have relied on investor capital to fund our operations having raised $109,000 from the issuance of common stock since inception and $618,414 from investors through debt, $21,355 of which was repaid and $583,093 of which was converted to common stock leaving a balance due of $13,966 as of November 30, 2012.

We are in the exploration stage of our business and have not generated any revenues from operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the implementation of our plan of operations, and possible cost overruns due to price and cost increases.

We presently do not have any available credit, financing or other external sources of liquidity.  In order to obtain future capital, we may need to sell additional shares of common stock or borrow funds from private lenders.  We have no assurance that future financings 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.  Equity financing could result in additional dilution to existing shareholders and any downturn in the U.S. stock and debt markets is likely to make it more difficult to obtain financing through the issuance of equity or debt securities.  As a result, there can be no assurance that we will be successful in obtaining additional funding.

Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing.  For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of November 30, 2012, we had total current assets of $35,119 and a working capital deficit in the amount of $32,650. We incurred a net loss of $12,219 during the three months ended November 30, 2012 and an accumulated net loss of $759,552 since inception.  We have not earned any revenues since inception and its cash resources are insufficient to meet its planned business objectives.

These conditions raise substantial doubt about our ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should we be unable to continue as a going concern. Our continuation as a going concern is dependent upon our ability to obtain additional financing or sale our common stock as may be required and ultimately to attain profitability.

Management’s plan in this regard, is to raise capital through a combination of equity and debt financing sufficient to finance the continuing operations for the next twelve months.  However, there can be no assurance that we will be successful in raising such financing.  As an alternative, we may be amenable to a sale, merger, or other acquisition in the event such transaction is deemed by management to be in the best interests of the shareholders.

14

Summary of Significant Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.  

Our significant accounting policies are summarized in Note 2 of our unaudited interim financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our results of operations, financial position or liquidity for the periods presented in this report.

We believe the following critical accounting policies and procedures, among others, affect our more significant judgments and estimates used in the preparation of our unaudited interim financial statements:

Exploration Stage Company

Our financial statements are presented as a company in the exploration stage of business.  Activities during the exploration stage primarily include implementation of the business plan and obtaining debt and/or equity related financing.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Cash

Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

Net Loss per Common Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

Recently Issued Accounting Pronouncements

There are no recent accounting pronouncements that are expected to have an effect on our financial statements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (SPEs).

Item 3     Quantitative and Qualitative Disclosures about Market Risk

Not required for a smaller reporting company.

15

Item 4     Controls and Procedures

Disclosure Controls and Procedures

Our management has evaluated, under the supervision and with the participation of our President, Chief Executive and Interim Chief Financial Officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(b) and 15d-15 (b) under the Securities Exchange Act of 1934 (the “Exchange Act”).  Based on that evaluation, our Chief Executive and Interim Chief Financial Officer has concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed, summarized and reported in a timely manner, and (2) accumulated and communicated to our management, including our President, Chief Executive and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

16

PART II

Item 1     Legal Proceedings

On November 10, 2011, a claim in the amount of $14,452 was filed against the Company for past due legal services rendered. Management of the Company believes that the claim is without merit and intends to contest the claim vigorously.

Item 1A  Risk Factors

Not required for a smaller reporting company.

Item 2     Unregistered Sales of Equity Securities and Use of Proceeds

Year Ended August 31, 2006

On June 12, 2006, the Company issued 1,000,000 shares of its $0.001 par value common stock to various directors at $0.001 per share for a subscription receivable of $10,000, which was received in 2007.

Year Ended August 31, 2008

On February 14, 2008, the Company issued 490,000 shares of its $0.001 par value common stock pursuant to a private placement at $0.10 per share for gross proceeds in the amount of $49,000.

Year Ended August 31, 2011

On February 8, 2011, the Company issued 1,676,977 shares of its $0.001 par value common stock in exchange for outstanding debt in the amount of $503,093 at $0.30 per share.

Year Ended August 31, 2012

On April 19, 2012, the Company issued 5,000,000 shares of its par value common stock in exchange for outstanding debt in the amount of $50,000 at $0.01 per share.

On May 22, 2012, the Company issued 600,000 shares of its par value common stock in exchange for outstanding debt in the amount of $30,000 at $0.05 per share.

On August 14, 2012, the Company issued 515,000 shares of its par value common stock in exchange for services rendered in the amount of $25,750 at $0.05 per share.

On August 31, 2012, the Company received gross proceeds in the amount of $15,000 for 300,000 shares of its par value common stock at $0.05 per share.  As of August 31, 2012, the shares had not been issued and are recorded as common stock payable.  The shares were issued on September 4, 2012.

On September 10, 2012 the Company issued 200,000 shares of its par value common stock in exchange for cash at $0.05 per share for gross proceeds in the amount of $10,000.

Three Months Ended November 30, 2012

On September 10, 2012 the Company issued 700,000 shares of its par value common stock in exchange for cash at $0.05 per share for gross proceeds in the amount of $35,000.  In addition, the Company issued 300,000 shares which had been recorded to common stock payable as of August 31, 2012.

All of the above offerings and sales were deemed to be exempt under either Rule 506 of Regulation D or Section 4(2) of the Securities Act of 1933, as amended. No advertising or general solicitation was employed in offering the securities. The offerings and sales were made to a limited number of persons, all of whom were accredited investors, friends or business associates of executive officers of the Company, and transfer was restricted by the Company in accordance with the requirements of the Securities Act of 1933. In addition to representations by the above-referenced persons, we have made independent determinations that all of the above-referenced persons were accredited or sophisticated investors, and that they were capable of analyzing the merits and risks of their investment, and that they understood the speculative nature of their investment. The individuals and entities to whom we issued securities as indicated in this section are unaffiliated with us.

17

Item 3     Defaults upon Senior Securities

None. 

Item 4     Mine Safety Disclosures

N/A.

Item 5     Other Information

None.

Item 6     Exhibits

Number	Exhibit
31.1	Certification of Principal Executive and Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Principal Executive and Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*	XBRL Taxonomy Extension Label Linkbase Document
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document

*  Pursuant to applicable securities laws and regulations, we are deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and are not subject to liability under any anti-fraud provisions of the federal securities laws as long as we have made a good faith attempt to comply with the submission requirements and promptly amend the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. Users of this data are advised that, pursuant to Rule 406T, these interactive data files are deemed not filed and otherwise are not subject to liability.

18

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Sara Creek Gold Corp.
Date: January 14, 2013	/s/ Kristian Andresen
	Kristian Andresen President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Accounting and Financial Officer)

 19

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Kristian Andresen, certify that:

1.           I have reviewed this quarterly report on Form 10-Q of Sara Creek Gold Corp.;

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. As the registrant’s sole certifying officer, 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my 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 principles;

(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my 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. As the registrant’s sole certifying officer, 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 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:  January 14, 2013	/s/ Kristian Andresen
	Kristian Andresen President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Financial Officer)

EX-32.1

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 Sara Creek Gold Corp. (the “Company”) on Form 10-Q for the quarter ended November 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kristian Andresen, President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal 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 the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 14, 2013	/s/ Kristian Andresen
	Kristian Andresen President, Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Interim Principal Financial Officer)

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Nov. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended August 31, 2012.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.  Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.  It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.  The interim results for the three months ended November 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End - The Company has selected August 31 as its year end.

Exploration Stage Company - The Company's financial statements are presented as a company in the exploration stage of business.  Activities during the exploration stage primarily include implementation of the business plan and obtaining debt and/or equity related financing.

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation.  As of November 30, 2012 and 2011 no amounts were in excess of the federally insured program, respectively.

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the product or service has been rendered; the fee is fixed and determinable based on the completion of stated terms and conditions; and collection of the amount due is reasonably assured.   The Company did not realize any revenues from June 12, 2006 (inception) through November 30, 2012.

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes.  The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets.  The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company's financial position and results of operations for the current period.  Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry forward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset.  Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments.  As of November 30, 2012 and August 31, 2012 the carrying amounts and estimated fair values of the Company's financial instruments approximate their fair value due to the short-term nature of such financial instruments, respectively.

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on our earnings, capital requirements and financial condition, as well as other relevant factors.  

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of November 30, 2012 and 2011, respectively.

Risks and Uncertainties - The Company's operations and future are dependent in a large part on its ability to locate economically developable deposits of precious metals.  The Company's inability to locate and extract precious metals may have a material adverse effect on its financial condition, results of operations and cash flows.

New Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company's financial statements.

XML

DESCRIPTION OF BUSINESS

3 Months Ended

Nov. 30, 2012

DESCRIPTION OF BUSINESS [Abstract]

DESCRIPTION OF BUSINESS

1.           DESCRIPTION OF BUSINESS

Sara Creek Gold Corp. ("the Company") was incorporated under the laws of the State of Nevada on June 12, 2006, under the name of Uventus Technologies Corp.  On September 23, 2009, the Company merged with its wholly owned subsidiary and changed its name to Sara Creek Gold Corp. to better reflect its business plan which is the acquisition, exploration, and development of gold and other mineral resource properties.

XML

BALANCE SHEETS (USD $)	Nov. 30, 2012	Aug. 31, 2012
Current assets
Cash	$ 35,119	$ 15,942
Total current assets	35,119	15,942
Total assets	35,119	15,942
Current liabilities
Accounts payable	53,803	57,407
Notes payable	13,966	13,966
Total current liabilities	67,769	71,373
Total liabilities	67,769	71,373
Commitments and contingencies
Stockholders' deficit
Common stock; $0.001 par value; 750,000,000 shares authorized, 10,281,985 and 9,281,985 shares issued and outstanding, respectively	10,282	9,282
Common stock payable		300
Additional paid in capital	716,620	682,320
Accumulated deficit	(759,552)	(747,333)
Total stockholders' deficit	(32,650)	(55,431)
Total liabilities and stockholders' deficit	$ 35,119	$ 15,942

XML

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) (USD $)	12 Months Ended
	Aug. 31, 2012
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
Issuance of stock in period, per share value	$ 0.01
Additional issuance of stock in period, per share value	$ 0.05

XML

STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended		78 Months Ended
	Nov. 30, 2012	Nov. 30, 2011	Nov. 30, 2012
Cash flows from operating activities:
Net loss	$ (12,219)	$ (9,669)	$ (759,552)
Adjustments to reconcile net loss to net cash used by operating activities:
Loss on settlement of debt			432,894
Accrued interest on notes payable		1,771	9,059
Issuance of common stock for services			25,750
Changes in operating assets and liabilities:
Accounts payable	(3,604)	(142)	53,803
Net cash used by operating activities	(15,823)	(8,040)	(238,046)
Cash flows from investing activities:
Notes receivable, net			(432,894)
Net cash used by investing activities			(432,894)
Cash flows from financing activities:
Proceeds from notes payable		25,000	618,414
Repayment of notes payable			(21,355)
Issuance of common stock for cash	35,000		109,000
Net cash provided by financing activities	35,000	25,000	706,059
Net change in cash	19,177	16,960	35,119
Cash, beginning of period	15,942	1,458
Cash, end of period	35,119	18,418	35,119
Supplemental disclosure of cash flow information:
Interest paid
Taxes paid
Supplemental disclosure of non-cash financing activity
Stock issued in exchange for debt			583,093
Accrued interest waived by stockholders			$ 9,059

XML

BALANCE SHEETS (Parenthetical) (USD $)	Nov. 30, 2012	Aug. 31, 2012
BALANCE SHEETS [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	10,281,985	9,281,985
Common stock, shares outstanding	10,291,985	9,281,985

XML

GOING CONCERN (Details) (USD $)	3 Months Ended			12 Months Ended						78 Months Ended
	Nov. 30, 2012	Nov. 30, 2011	Aug. 31, 2006	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2010	Aug. 31, 2009	Aug. 31, 2008	Aug. 31, 2007	Nov. 30, 2012
GOING CONCERN [Abstract]
Current assets	$ 35,119			$ 15,942						$ 35,119
Working capital deficit	32,650									32,650
Net loss	$ 12,219	$ 9,669	$ 1,230	$ 64,360	$ 72,794	$ 513,721	$ 30,806	$ 58,567	$ 5,855	$ 759,552

XML

Document and Entity Information	3 Months Ended
	Nov. 30, 2012	Jan. 09, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2012
Entity Registrant Name	SARA CREEK GOLD CORP.
Entity Central Index Key	0001415286
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		10,281,985

XML

NOTES RECEIVABLE AND BAD DEBT EXPENSE (Details) (USD $)	3 Months Ended		12 Months Ended		1 Months Ended
	Nov. 30, 2012	Nov. 30, 2011	Aug. 31, 2011	May 22, 2012	Jan. 20, 2011 Kapelka [Member]	Jan. 20, 2010 Kapelka [Member]	Jan. 28, 2011 Ophir [Member]	Feb. 03, 2010 Ophir [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, maximum borrowing amount						$ 500,000
Annual interest rate								5.00%
Repayment due date						Dec. 31, 2015
Notes receivable								30,000
Accrued interest				9,059			1,442
Debt forgiveness					401,452		30,000
Bad debt expense	$ 0	$ 0

XML

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		78 Months Ended
	Nov. 30, 2012	Nov. 30, 2011	Nov. 30, 2012
Operating expenses
General and administrative	$ 12,219	$ 7,898	$ 750,493
Total operating expenses	12,219	7,898	750,493
Loss from operations	(12,219)	(7,898)	(750,493)
Other expense
Interest expense		(1,771)	(9,059)
Total other expense		(1,771)	(9,059)
Loss from operations before income taxes	(12,219)	(9,669)	(759,552)
Provision for income taxes
Net loss	$ (12,219)	$ (9,669)	$ (759,552)
Net loss per common share - basic and diluted	$ 0.0	$ 0.0	$ (0.32)
Weighted average common shares outstanding - basic and diluted	9,763,304	3,166,977	2,399,109

XML

NOTES PAYABLE

3 Months Ended

Nov. 30, 2012

NOTES PAYABLE [Abstract]

NOTES PAYABLE

5.           NOTES PAYABLE

As of November 30, 2012 and 2011 there was a balance due to a stockholder in the amount of $13,966.  This balance is unsecured, non-interest bearing and has no specific terms of repayment.

As of August 31, 2010, the Company received advances from an unrelated party totaling $488,093.   During the six months ended February 28, 2011, the Company received an additional $15,000 for an accumulative balance of $503,093.  These advances were non-interest bearing, unsecured, and due on demand.  On February 8, 2011, the outstanding debt of $503,093 was exchanged for 1,676,977 shares of common stock at $0.30 per share.  Therefore, as of November 30, and August 31, 2012, the balance together with accrued interest totaled $0.  There was no gain or loss recorded on the conversion of the debt.

On November 18, 2010 the Company entered into an unsecured promissory note in the amount of $50,000. The note bears interest of 10% per annum and was due on December 31, 2011.  On April 19, 2012, the outstanding principle of $50,000 was exchanged for 5,000,000 shares of common stock at $0.01 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $7,096 which is presented as a contribution on the statement of stockholders' deficit.  As of November 30, and August 31, 2012, the balance together with accrued interest totaled $0 and $53,918, respectively.

On August 25, 2011 the Company entered into an unsecured promissory note in the amount of $5,000. The note bears interest of 10% per annum and is due on August 24, 2012.  On May 22, 2012, the outstanding principle of $5,000 was exchanged for 100,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $371 which is presented as a contribution on the statement of stockholders' deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0 and $5,008, respectively.

On September 20, 2011 the Company entered into two unsecured promissory notes for a total amount of $10,000. The notes bear interest of 10% per annum and are due on September 19, 2012.  On May 22, 2012, the outstanding principle of $10,000 was exchanged for 200,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $671 which is presented as a contribution on the statement of stockholders' deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0.

On October 11, 2011 the Company entered into an unsecured promissory note in the amount of $15,000. The note bears interest of 10% per annum and is due on October 10, 2012.  On May 22, 2012, the outstanding principle of $15,000 was exchanged for 300,000 shares of common stock at $0.05 per share.  Upon conversion, the note holder elected to waive accrued interest totaling $921 which is presented as a contribution on the statement of stockholders' deficit.  As of August 31, 2012 and 2011, the balance together with accrued interest totaled $0.

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NOTES RECEIVABLE AND BAD DEBT EXPENSE

3 Months Ended

Nov. 30, 2012

NOTES RECEIVABLE AND BAD DEBT EXPENSE [Abstract]

NOTES RECEIVABLE AND BAD DEBT EXPENSE

4.           NOTES RECEIVABLE AND BAD DEBT EXPENSE

On January 20, 2010, the Company entered into a loan agreement with Kapelka Exploration, Inc. ("Kapelka").  Under the terms of the loan agreement the Company agreed to provide Kapelka with cash advances of up to $500,000 for general operating purposes. Any funds advanced under the loan were non-interest bearing and were to be repaid to the Company no later than December 31, 2015.  On January 20, 2011 the Company's Board of Directors resolved to forgive accumulated advances of $401,452 indebted to the Company and recorded the loss to bad debt expense.

On February 3, 2010 the Company entered into a memorandum of understanding with Ophir Exploration Inc. ("Ophir") and advanced $30,000 at an interest rate of 5% per annum.  On January 28, 2011 the Company's Board of Directors resolved to forgive the $30,000 indebted to the Company, together with accrued interest in the amount of $1,442, and recorded the loss to bad debt expense.

Bad debt expense for the three months ended November 30, 2012 and 2011 totaled $0 and $0, respectively.

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NOTES PAYABLE (Details) (USD $)	0 Months Ended			1 Months Ended		0 Months Ended			2 Months Ended	3 Months Ended		12 Months Ended			0 Months Ended	6 Months Ended				1 Months Ended				1 Months Ended				1 Months Ended				1 Months Ended	0 Months Ended
	Sep. 10, 2012	Aug. 31, 2012	Aug. 14, 2012	May 22, 2012	Apr. 19, 2012	Feb. 08, 2011	Feb. 14, 2008	Jun. 11, 2006	May 22, 2012	Nov. 30, 2012	Aug. 31, 2006	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2008	Feb. 08, 2011 Advance from Unrelated Party [Member]	Feb. 28, 2011 Advance from Unrelated Party [Member]	Nov. 30, 2012 Advance from Unrelated Party [Member]	Aug. 31, 2012 Advance from Unrelated Party [Member]	Aug. 31, 2010 Advance from Unrelated Party [Member]	Apr. 19, 2012 Unsecured Promissory Note 1 [Member]	Nov. 18, 2010 Unsecured Promissory Note 1 [Member]	Nov. 30, 2012 Unsecured Promissory Note 1 [Member]	Aug. 31, 2012 Unsecured Promissory Note 1 [Member]	May 22, 2012 Two Unsecured Promissory Notes [Member]	Sep. 20, 2011 Two Unsecured Promissory Notes [Member]	Aug. 31, 2012 Two Unsecured Promissory Notes [Member]	Aug. 31, 2011 Two Unsecured Promissory Notes [Member]	May 22, 2012 Unsecured Promissory Note 2 [Member]	Aug. 25, 2011 Unsecured Promissory Note 2 [Member]	Aug. 31, 2012 Unsecured Promissory Note 2 [Member]	Aug. 31, 2011 Unsecured Promissory Note 2 [Member]	May 22, 2012 Unsecured Promissory Note 3 [Member]	Oct. 11, 2011 Unsecured Promissory Note 3 [Member]	Aug. 31, 2012 Unsecured Promissory Note 3 [Member]	Aug. 31, 2011 Unsecured Promissory Note 3 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount																			$ 488,093		$ 50,000				$ 10,000				$ 5,000				$ 15,000
Debt instrument, carrying amount																503,093	0	0				0	53,918			0	0			0	5,008			0	0
Debt instrument, increase in borrowings																15,000
Annual interest rate																					10.00%				10.00%				10.00%				10.00%
Debt instrument, maturity date																					Dec. 31, 2011				Sep. 19, 2012				Aug. 24, 2012				Oct. 10, 2012
Debt conversion, original debt, amount									80,000						503,093					50,000				10,000				5,000				15,000
Debt conversion, shares issued															1,676,977					5,000,000				200,000				100,000				300,000
Price per share	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.01	$ 0.3	$ 0.1	$ 0.001		$ 0.05	$ 0.001	$ 0.01	$ 0.3	$ 0.1	$ 0.3					$ 0.01				$ 0.05				$ 0.05				$ 0.05
Accrued interest				$ 9,059					$ 9,059											$ 7,096				$ 671				$ 371				$ 921

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SUBSEQUENT EVENTS

3 Months Ended

Nov. 30, 2012

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS

The Company has evaluated subsequent events between the balance sheet date of November 30, 2012 and the date the financial statements were issued, and concluded that events or transactions occurring during that period requiring recognition or disclosure have been made.

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STOCKHOLDERS' EQUITY (DEFICIT)

3 Months Ended

Nov. 30, 2012

STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]

SHAREHOLDERS' EQUITY (DEFICIT)

6.           STOCKHOLDERS' EQUITY (DEFICIT)

On September 23, 2009, the Company affected a 15 for 1 forward stock split of its authorized, issued, and outstanding common stock.

On February 8, 2011, the Company affected a 30 for 1 reverse stock split of its authorized, issued, and outstanding common stock.

The accompanying financial statements have been adjusted to reflect the forward and reverse stock splits, retroactively.

Year Ended August 31, 2006

On June 12, 2006, the Company issued 1,000,000 shares of its par value common stock to various directors at $0.001 per share for a subscription receivable of $10,000, which was received in 2007.

Year Ended August 31, 2008

On February 14, 2008, the Company issued 490,000 shares of its par value common stock pursuant to a private placement at $0.10 per share for gross proceeds in the amount of $49,000.

Year Ended August 31, 2011

On February 8, 2011, the Company issued 1,676,977 shares of its par value common stock in exchange for outstanding debt in the amount of $503,093 at $0.30 per share.

Year Ended August 31, 2012

On April 19, 2012, the Company issued 5,000,000 shares of its par value common stock in exchange for outstanding debt in the amount of $50,000 at $0.01 per share.

On May 22, 2012, the Company issued 600,000 shares of its par value common stock in exchange for outstanding debt in the amount of $30,000 at $0.05 per share.

Upon conversion of $80,000 in debt, the note holders elected to waive accrued interest totaling $9,059 which is presented as a contribution on the statement of stockholders' deficit.  See also Note 5 regarding notes payable.

On August 14, 2012, the Company issued 515,000 shares of its par value common stock in exchange for services rendered in the amount of $25,750 at $0.05 per share.

On August 31, 2012, the Company received gross proceeds in the amount of $15,000 for 300,000 shares of its par value common stock at $0.05 per share.  As of August 31, 2012, the shares had not been issued and are recorded as common stock payable.

Three Months Ended November 30, 2012

On September 10, 2012 the Company issued 700,000 shares of its par value common stock in exchange for cash at $0.05 per share for gross proceeds in the amount of $35,000.  In addition, the Company issued 300,000 shares which had been recorded to common stock payable as of August 31, 2012.

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LEGAL PROCEEDINGS

3 Months Ended

Nov. 30, 2012

LEGAL PROCEEDINGS [Abstract]

LEGAL PROCEEDINGS

7. LEGAL PROCEEDINGS

On November 10, 2011, a claim in the amount of $14,452 was filed against the Company for past due legal services rendered. Management of the Company believes that the claim is without merit and intends to contest the claim vigorously.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Nov. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basis of Accounting

Basis of Accounting - The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information.

The unaudited interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Plan of Operations for the year ended August 31, 2012.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting.  Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows.  It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.  The interim results for the three months ended November 30, 2012 are not necessarily indicative of results for the full fiscal year.

Year-End

Year-End - The Company has selected August 31 as its year end.

Exploration Stage Enterprise

Exploration Stage Company - The Company's financial statements are presented as a company in the exploration stage of business.  Activities during the exploration stage primarily include implementation of the business plan and obtaining debt and/or equity related financing.

Use of Estimates

Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.

Cash

Cash - Cash and cash equivalents consist primarily of cash on deposit, certificates of deposit, money market accounts, and investment grade commercial paper that are readily convertible into cash and purchased with original maturities of three months or less.

The Company maintains cash balances at an institution that is insured by the Federal Deposit Insurance Corporation.  As of November 30, 2012 and 2011 no amounts were in excess of the federally insured program, respectively.

Revenue Recognition Policy

Revenue Recognition Policy - The Company will recognize revenue once all of the following criteria for revenue recognition have been met: pervasive evidence that an agreement exists; the product or service has been rendered; the fee is fixed and determinable based on the completion of stated terms and conditions; and collection of the amount due is reasonably assured.   The Company did not realize any revenues from June 12, 2006 (inception) through November 30, 2012.

Income Taxes

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes.  The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets.  The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company's financial position and results of operations for the current period.  Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry forward period under the Federal tax laws.

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset.  Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fair Value of Financial Instruments

Fair Value of Financial Instruments - The Company discloses, when reasonably attainable, the fair market values of its assets and liabilities which are deemed to be financial instruments.  As of November 30, 2012 and August 31, 2012 the carrying amounts and estimated fair values of the Company's financial instruments approximate their fair value due to the short-term nature of such financial instruments, respectively.

Dividends

Dividends - The payment of dividends by the Company in the future will be at the discretion of the Board of Directors and will depend on our earnings, capital requirements and financial condition, as well as other relevant factors.  

Earnings (Loss) Per Share

Earnings (Loss) per Share - Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period.  Diluted earnings (loss) per share is computed by dividing net income (loss), adjusted for changes in income or loss that resulted from the assumed conversion of convertible shares, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share for the periods presented is equivalent since the Company had continuing losses. The Company had no common stock equivalents as of November 30, 2012 and 2011, respectively.

Risks and Uncertainties

Risks and Uncertainties - The Company's operations and future are dependent in a large part on its ability to locate economically developable deposits of precious metals.  The Company's inability to locate and extract precious metals may have a material adverse effect on its financial condition, results of operations and cash flows.

New Accounting Pronouncements

New Accounting Pronouncements - There are no recent accounting pronouncements that are expected to have a material effect on the Company's financial statements.

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LEGAL PROCEEDINGS (Details) (USD $)	0 Months Ended
	Nov. 10, 2011
LEGAL PROCEEDINGS [Abstract]
Amount of claim filed against the company	$ 14,452

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STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock [Member]	Common Stock Payable [Member]	Stock Subscription Receivable [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Jun. 11, 2006
Balance, shares at Jun. 11, 2006
Issuance of stock		1,000		(10,000)	9,000
Issuance of stock, shares		1,000,000
Net loss	(1,230)					(1,230)
Balance at Aug. 31, 2006	(1,230)	1,000		(10,000)	9,000	(1,230)
Balance, shares at Aug. 31, 2006		1,000,000
Receipt of stock subscription receivable	20,000			10,000
Net loss	(5,855)					(5,855)
Balance at Aug. 31, 2007	2,915	1,000			9,000	(7,085)
Balance, shares at Aug. 31, 2007		1,000,000
Issuance of stock pursuant to a private placement	98,000
Net loss	(58,567)					(58,567)
Balance at Aug. 31, 2008	(6,652)	1,490			57,510	(65,652)
Balance, shares at Aug. 31, 2008		1,490,000
Net loss	(30,806)					(30,806)
Balance at Aug. 31, 2009	(37,458)	1,490			57,510	(96,458)
Balance, shares at Aug. 31, 2009		1,490,000
Net loss	(513,721)					(513,721)
Balance at Aug. 31, 2010	(551,179)	1,490			57,510	(610,179)
Balance, shares at Aug. 31, 2010		1,490,000
Issuance of common stock in exchange for debt	503,093	1,677			501,416
Issuance of common stock in exchange for debt, shares		1,676,977
Net loss	(72,794)					(72,794)
Balance at Aug. 31, 2011	(120,880)	3,167			558,926	(682,973)
Balance, shares at Aug. 31, 2011		3,166,977
Issuance of common stock in exchange for debt	50,000	5,000			45,000
Issuance of common stock in exchange for debt, shares		5,000,000
Issuance of additional common stock in exchange for debt	60,000
Accrued interest waived by stockholders	9,059				9,059
Issuance of common stock in exchange for services rendered	25,750	515			25,235
Issuance of common stock in exchange for services rendered, shares		515,000
Issuance of common stock in exchange for cash	15,000		300		14,700
Issuance of common stock in exchange for cash, shares			300,000
Net loss	(64,360)					(64,360)
Balance at Aug. 31, 2012	(55,431)	9,282	300		682,320	(747,333)
Balance, shares at Aug. 31, 2012	9,281,985	9,281,985	300,000
Issuance of common stock in exchange for cash	35,000	1,000	(300)		34,300
Issuance of common stock in exchange for cash, shares		1,000,000	(300,000)
Net loss	(12,219)					(12,219)
Balance at Nov. 30, 2012	$ (32,650)	$ 10,282			$ 716,620	$ (759,552)
Balance, shares at Nov. 30, 2012	10,291,985	10,281,985

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GOING CONCERN

3 Months Ended

Nov. 30, 2012

GOING CONCERN [Abstract]

GOING CONCERN

3.           GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of November 30, 2012, the Company had total current assets of $35,119 and a working capital deficit in the amount of $32,650. The Company incurred a net loss of $12,219 during the three months ended November 30, 2012 and an accumulated net loss of $759,552 since inception.  The Company has not earned any revenues since inception and its cash resources are insufficient to meet its planned business objectives.

These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent upon its ability to obtain additional financing or sale of its common stock as may be required and ultimately to attain profitability.

Management's plan in this regard, is to raise capital through a combination of equity and debt financing sufficient to finance the continuing operations for the next twelve months.  However, there can be no assurance that the Company will be successful in raising such financing.  As an alternative, the Company may be amenable to a sale, merger, or other acquisition in the event such transaction is deemed by management to be in the best interests of the shareholders.

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STOCKHOLDERS' EQUITY (DEFICIT) (Details) (USD $)	0 Months Ended			1 Months Ended		0 Months Ended	1 Months Ended	0 Months Ended		2 Months Ended	3 Months Ended		12 Months Ended
	Sep. 10, 2012	Aug. 31, 2012	Aug. 14, 2012	May 22, 2012	Apr. 19, 2012	Feb. 08, 2011	Sep. 23, 2009	Feb. 14, 2008	Jun. 11, 2006	May 22, 2012	Nov. 30, 2012	Aug. 31, 2006	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2008
STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
Stock split ratio						0.0333	15
Issuance of stock, shares									1,000,000
Issuance of common stock in exchange for debt, shares					5,000,000	1,676,977
Issuance of additional common stock in exchange for debt, shares				$ 1,200,000
Issuance of common stock in exchange for services rendered, shares			515,000
Issuance of common stock in exchange for cash, shares	700,000	300,000						490,000
Issuance of stock in period, per share value	$ 0.05	$ 0.05	$ 0.05	$ 0.05	$ 0.01	$ 0.3		$ 0.1	$ 0.001		$ 0.05	$ 0.001	$ 0.01	$ 0.3	$ 0.1
Issuance of stock	35,000								10,000
Issuance of stock pursuant to a private placement								49,000							98,000
Issuance of common stock in exchange for debt					50,000	503,093							50,000	503,093
Issuance of additional common stock in exchange for debt				30,000									60,000
Debt conversion, original debt, amount										80,000
Accrued interest				9,059						9,059
Issuance of common stock in exchange for services rendered			25,750										25,750
Issuance of common stock in exchange for cash		$ 15,000									$ 35,000		$ 15,000
Common stock payable, shares		300,000											300,000