10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q/A

(Amendment No. 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, 2013

[  ]

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

For the transition period from __________ to ___________

Commission File Number: 000-54306

RANGEFORD RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Nevada	77-1176182
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

556 Silicon Drive, Suite 103, Southlake, TX 76092

(Address of principal executive offices)

817-648-8062

(Registrant's Telephone number)

____________________________________________________

(Former Address and phone of principal executive offices)

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 the filing requirements for the past 90 days.

[  ] Yes [X] No

1

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 for Regulation S-T (§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 [X] 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:

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[  ] Yes [X] No

As of May 27, 2014, there were 19,843,385 shares of the registrant’s common stock issued and outstanding.

2

Explanatory Note

Rangeford Resources, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q (the “Amendment”) to the Company’s quarterly report on Form 10-Q for the period ended June 30, 2013 (the “Form 10-Q”), filed with the Securities and Exchange Commission on June 3, 2014 (the “Original Filing Date”), solely 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 the Company’s 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

No other changes have been made to the Form 10-Q. 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.

Pursuant to Rule 406T of Regulation S-T, the interactive data files attached as Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

3

Item 6.      Exhibits

Exhibit Number	Description
31.1*	Certification of Chief Executive Officer required by Rule 13a-14/15d-14(a) under the Exchange Act
31.2*	Certification of Chief Financial Officer required by Rule 13a-14/15d-14(a) under the Exchange Act
32.1*+	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*+	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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

* Previously filed or furnished, as applicable, with the Company’s quarterly report on Form 10-Q.

** Furnished herewith. XBRL (eXtensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

+ In accordance with SEC Release 33-8238, Exhibit 32.1 and Exhibit 32.2 are furnished and not filed.

4

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.

	RANGEFORD RESOURCES, INC.
Dated: June 4, 2014	By:	/s/ Colin Richardson
		Colin Richardson
		Chief Executive Officer, President, Principal Executive Officer and Principal Financial and Accounting Officer

5

XML

Note 4 - Related Party Transactions

3 Months Ended

Jun. 30, 2013

Notes

Note 4 - Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

Harry McMillan is trustee of the C.E. McMillan Family Trust, which Trust serves as the managing member of Fidare Consulting Group, LLC (“Fidare”) and Cicerone Corporate Development, LLC (“Cicerone”). Mr. McMillan is the Trustee for the benefit of his wife, Christy McMillan and their children, and is also a member of each of Fidare and Cicerone.  Each of these entities, as well as certain beneficiaries of the Trust, own shares of our common stock and therefore, Mr. McMillan and the Trust may be deemed to beneficially own such shares. Each disclaims beneficial ownership of such shares.

Professional Services

The company recorded professional fees to related parties of $162,090 which are as follows:

Directors Fees		$           42,500
Kevin A. Carreno	Legal	59,590
Colin Richardson	President	30,000
Steven R. Henson	Former President	30,000
		$         162,090

In September 2012, the Company entered into a professional services contract with Fidare to provide consulting services relating to corporate governance, accounting procedures and controls and strategic planning.  In accordance with the terms of the original contract, Fidare received monthly compensation of 20,000 common shares per month and warrants to purchase 20,000 common shares with an exercise price equal to the closing sale price of the Company’s common stock on the date of issuance, plus reasonable and necessary expenses.  The warrants are exercisable at any time for two years from the date of issuance and may be settled on a net basis.  In December 2012, the contract was amended to provide for monthly compensation of $20,000 per month plus warrants to purchase 20,000 common shares on the same terms described above.

The Consulting Agreement with Fidare was terminated on February 28, 2013 with an effective date of April 4, 2013.

On June 26, 2013, the Company entered into a new Consulting Agreement with Fidare to provide consulting services relating to corporate governance, accounting procedures and control and strategic planning  In accordance with the terms of the Consulting Agreement, Fidare receives monthly compensation of shares of common stock valued at $20,000 based on the price at the close on the last trading day of each month and 20,000 warrants to purchase common stock, with each warrant having an exercise price equal to the closing sale price of the Common Stock on the date of issue and providing for a cashless or net issue exercise.  No shares or warrants were issued to Fidare during the quarter ended June 30, 3013 as a result of the termination which was effective April 4, 2013.  As of June 30, 2013, 100,000 shares of common stock and 140,000 warrants had been issued to Fidare. As of May 27, 2014, 148,959 shares of common stock and 340,000 warrants have been issued to Fidare, pursuant to the terms of the contract.  The managing member of Fidare is the C.E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

The fair value of each warrant granted was estimated on the date of grant using the Black-Scholes option valuation.  Expected volatilities are based on volatilities from the historical trading ranges of the Company’s stock.  The expected term of options granted is estimated at the contractual term as noted in the individual option agreements and represents the period of time that options granted are expected to be outstanding. The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bill rate in effect at the time of grant for bonds with maturity dates at the estimated term of the options.  The key assumptions used in evaluating the warrants and the estimated fair value are as follows:

Grant Date	Warrants issued	Fair Value	Expected volatility	Expected Dividends	Expected term (in years)	Risk-free rate	Estimated Fair Value Using Black-Scholes Model
September 30, 2012	20,000	$ 29,714	249.8%	-	2	0.23%	$ 1.49
October 31, 2012	20,000	$ 18,667	250.8%	-	2	0.30%	$ 0.93
November 30, 2012	20,000	$ 92,494	251.6%	-	2	0.25%	$ 4.62
December 31, 2012	20,000	$ 129,565	252.0%	-	2	0.25%	$ 6.48
January 31, 2013	20,000	$ 120,711	254.7%	-	2	0.27%	$6.04
February 28, 2013	20,000	$ 130,322	256.9%	-	2	0.25%	$ 6.52
March 31, 2013	20,000	$ 22,711	256.8%	-	2	0.25%	$ 1.14
Total	140,000	$ 544,184

In December 2012, the Company entered into a Master Services Agreement with IntreOrg Systems, Inc. (“IntreOrg”) to provide third party data aggregation and surveillance of share ownership, purchases, sales and custody by individuals, institutions, broker-dealers, clearing agents, and custodians for a period of one year commencing on December 31, 2012.  The annual subscription service is $30,000 plus a one-time set-up fee of $2,500.  The agreement renews automatically and remains “evergreen” for succeeding one year terms, unless terminated according to the termination provisions contained in the agreement. The former principle owner and CEO/President/Director of IntreOrg was the President and a major stockholder of the Company as of June 30, 2013.

XML

Note 3 - Agreements To Purchase Oil and Gas Properties

3 Months Ended

Jun. 30, 2013

Notes

Note 3 - Agreements To Purchase Oil and Gas Properties

NOTE 3 – AGREEMENTS TO PURCHASE OIL AND GAS PROPERTIES

Great Northern Energy, Inc.

On November 15, 2012, the Company entered into a Purchase and Sale Agreement (the “Agreement”) with Great Northern Energy, Inc. (“GNE”), which was later modified through an addendum dated January 25, 2013,  to acquire a substantial non-operating working interest in oil assets in East Texas in consideration for a purchase price that includes (a) a cash payment of $3,900,000 in the form of (i) a deposit of $100,000; (ii) a promissory note in the amount of $1,100,000; and (iii) a promissory note in the amount of $2,700,000 and (b) 7,400,000 shares of its restricted common stock.

As of June 30, 2013, the Company had transferred a total of $700,000 and issued 7,400,000 shares of common stock to GNE towards the purchase of the oil and gas properties, but the agreement has not been consummated. The $700,000 payment was initially recorded as a long-term deposit on the balance sheet and, subsequently, has been charged to impairment of deposit on the income statement for the year ended March 31, 2013.

GNE has returned the stock certificate for 7,400,000 shares, however, GNE did not submit an executed stock power which is required to cancel the GNE shares.  The 7,400,000 shares are considered issued and outstanding at June 30, 2013.  The deposit of $36,557 recorded on the balance sheet as of June 30, 2013, which is related to the issuance of the 7,400,000 shares of common stock, will be reversed in the period the shares are properly cancelled.

On May 20, 2014, we sent a letter to GNE informing them of this determination and seeking to mutually terminate the Agreement.  Given the amount of time that has passed since we first entered into negotiations with GNE and the lack of any tangible results as contemplated in the Agreement, in addition to GNE'S failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement  In that letter, we requested that GNE comply with the termination provisions of the Agreement and provide the stock power necessary to cancel the shares and return the $700,000 advanced to them under the terms of the Agreement.  Accordingly, once GNE returns the $700,000 and submits the outstanding stock power, we shall immediately consent to and permit the mutual termination of the Agreement.

XML

Rangeford Resources, Inc. - Balance Sheets (USD $)	Jun. 30, 2013		Mar. 31, 2013
Current Assets:
Cash	$ 2,155
Prepaid expenses, related party	16,250		24,375
TOTAL CURRENT ASSETS	18,405		24,375
Deposit	36,557		36,557
Total Assets	54,962		60,932
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable and accrued liabilities, current	345,683		288,468
Other payables	6,679		3,504
Related party advances and notes payable	222,132		137,015
TOTAL CURRENT LIABILITIES	574,494		428,987
Stockholders' Deficit
Series A Convertible Preferred Stock	162	[1]	162	[1]
Common Stock	18,186	[2]	18,128	[2]
Additional paid-in capital	2,214,742		2,094,910
Deficit accumulated during the development stage	(2,752,622)		(2,481,255)
Total Stockholders' Deficit	(519,532)		(368,055)
TOTAL LIABILITIES AND EQUITY	$ 54,962		$ 60,932

[1] $0.001 par value; stated value $5.00 per share; 3,000,000 shares authorized; 162,000 issued and outstanding at June 30, 3013 and March 31, 2013, respectively

[2] $0.001 par value; 75,000,000 shares authorized; 18,185,851 and 18,127,912 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively

XML

Note 1 - Condensed Financial Statements

3 Months Ended

Jun. 30, 2013

Notes

Note 1 - Condensed Financial Statements

NOTE 1 – CONDENSED FINANCIAL STATEMENTS

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information, with the instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying financial statements at June 30, 2013 and March 31, 2013 and for the three months ended June 30, 2013 and 2012 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, cash flows and shareholders’ equity for such periods. Operating results for the three months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ending March 31, 2014.

XML

Note 2 - Going Concern

3 Months Ended

Jun. 30, 2013

Notes

Note 2 - Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML

Statement of Financial Position - Parenthetical (USD $)	Jun. 30, 2013	Mar. 31, 2013
Statement of Financial Position
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	18,185,851	18,127,912
Common Stock, Shares Outstanding	18,185,851	18,127,912
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	3,000,000	3,000,000
Preferred Stock, Shares Issued	162,000	303,013
Preferred Stock, Shares Outstanding	162,000	303,013

XML

Note 4 - Related Party Transactions (Details) (USD $)	May 27, 2014	Mar. 31, 2013	Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012	Jun. 30, 2013 FidareConsultingGroupLlcMember	Jun. 26, 2013 FidareConsultingGroupLlcMember	Dec. 31, 2012 FidareConsultingGroupLlcMember	Sep. 30, 2012 FidareConsultingGroupLlcMember	Dec. 31, 2012 IntreOrg Systems, Inc.
Share Based Compensation												20,000
Warrants Issued as Compensation										20,000	20,000	20,000
Shares, Issued	148,959								100,000
Warrants Issued	340,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	140,000
Subscription Agreement													$ 30,000
Set Up Fees													$ 2,500

XML

Document and Entity Information	3 Months Ended
	Jun. 30, 2013
Document and Entity Information:
Entity Registrant Name	Rangeford Resources, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Entity Central Index Key	0001438035
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	18,185,851
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	Yes
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

XML

Note 4 - Related Party Transactions: Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $)	May 27, 2014	Mar. 31, 2013	Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012
Details
Warrants Issued	340,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Equity, Fair Value Disclosure		$ 22,711	$ 130,322	$ 120,711	$ 129,565	$ 92,494	$ 18,667	$ 29,714
Long-Duration Contracts, Assumptions by Product and Guarantee, Volatility Rate		256.80%	256.90%	254.70%	252.00%	251.60%	250.80%	249.80%
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term		2	2	2	2	2	2	2
Debt Instrument, Interest Rate, Stated Percentage		0.25%	0.25%	0.27%	0.25%	0.25%	0.30%	0.23%
Estimated Fair Value		$ 1.14	$ 6.52	$ 6.04	$ 6.48	$ 4.62	$ 0.93	$ 1.49

XML

Rangeford Resources, Inc. - Statements of Operations (USD $)	3 Months Ended		67 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Income Statement
Revenue
OPERATIONAL EXPENSES
Investor relations	15,131		45,625
Professional fees	56,183		153,573
Professional fees, related party	162,090		1,638,011
General and administrative	34,788	1,715	129,480
Impairment of deposit			700,000
TOTAL EXPENSES	268,193	1,715	2,666,689
Loss from operations	(268,193)	(1,715)	(2,666,689)
Interest expense	3,175		85,933
Total other expense	3,175		85,933
Loss before income taxes	(271,367)	(1,715)	(2,752,622)
Provisions for incomes taxes
Net Loss	(271,367)	(1,715)	(2,752,622)
Preferred stock dividends			(695,769)
Net loss attributable to common shareholders	$ (271,367)	$ (1,715)	$ (3,448,391)
Net loss per share-basic and diluted	$ (0.01)	$ 0.00
Weighted number of shares outstanding- basic and diluted	18,139,778	10,081,700

XML

Note 7 - Subsequent Events

3 Months Ended

Jun. 30, 2013

Notes

Note 7 - Subsequent Events

NOTE 7 – SUBSEQUENT EVENTS

On July 2, 2013, the Company issued 15,584 shares of common stock to Delaney Equity Group as payment of an outstanding invoice owed to them for fees related to the issuance of the Series A Convertible Preferred stock.

On September 4, 2013, we received a $ 750,000 Revolving Credit Note (the "Cicerone Revolving Note") from Cicerone Corporate Development, LLC ("Cicerone") (a related party).  The Cicerone Revolving Note matures on February 1, 2015 and bears interest at the rate of LIBOR plus 2.75% per annum, which is payable semi-annually on June 30 and December 31 of each year. We may request advances on the Cicerone Revolving Note in increments of $10,000 at any time prior to the maturity date.  If we do not pay the outstanding amount on the maturity date, then the interest rate shall increase to the lesser of 12% or the maximum rate of interest permitted by law. As an inducement to entering into the Cicerone Revolving Note, we issued Cicerone 1,500,000 shares of our common stock (the "Inducement Shares").  The Cicerone Revolving Note contains standard events of default, including nonpayment of the Note or any other liability exceeding $50,000, as well as a change in control or entry into bankruptcy, upon which Cicerone may enforce its rights under the Revolving Note.  At the time of entering into the Cicerone Revolving Note, Cicerone had already loaned us approximately $65,100, which amount is included as amount advanced under the Cicerone Revolving Note that must be paid back.  As of May 27, 2014, we received a total of approximately $368,114, including the $65,100, in advances under the Cicerone Revolving Note.  The managing member of Cicerone is the C.E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

On September 23, 2013 the Company issued 20,000 shares of its Series A convertible preferred stock to settle the past due outstanding promissory note payable to Gregory W. Hadley, dated November 1, 2012, in the amount of $100,000.  No gain or loss will be recognized on settlement of the debt because the fair value of the preferred stock issued is equal to the carrying value of the debt.

On September 24, 2013, the Company issued 1,500,000 shares to Cicerone Corporate Development, LLC related to providing at $750,000 line of credit.

On September 30, 2013, we issued Mr. Kevin Carreno, a former Board Member, 21,364 shares of our common stock as payment of outstanding invoices owed to him for his legal services, which is valued at $79,173.

As of March 31, 2014, we have issued Mr. Richardson 26,313 shares of common stock and 120,000 warrants, valued at $120,000, pursuant to his Officer Agreement.

On January 27, 2014, the Company issued 33,140 shares valued at $16,570 in partial payment of the company’s cumulative Series A Convertible Preferred stock dividend.

On February 25, 2014, the Company issued 30,800 shares to Fidare Consulting Group related to the exercise of 120,000 warrants.

On April 28, 2014, the Company granted 108,000 options to purchase the Company’s common stock with a three year term and an exercise price of $1 pursuant to the terms of the board of director’s agreement with Michael Farmer. The value of the options at April 28^th was $427,901.

On April 28, 2014, the Company granted 200,000 options to purchase the Company’s common stock with a three year term and an exercise price of $3.00 pursuant to the terms of the board of director’s agreement with Michael Farmer. The value of the options at April 28^th was $751,494.

On April 30, 2014, the Company issued Mr. Richardson 5,000 shares of common stock valued at $20,000 and 20,000 warrants valued at $58,897 pursuant to the terms of his Officer Agreement.

On April 30, 2014, the Company issued Fidare Consulting Group 5,000 shares of common stock valued at $20,000 and 20,000 warrants valued at $58,897 pursuant to the terms of its Consulting Agreement.

On May 20, 2014, we sent a letter to GNE informing them of this determination and seeking to mutually terminate the Agreement.  Given the amount of time that has passed since we first entered into negotiations with GNE and the lack of any tangible results as contemplated in the Agreement, in addition to GNE'S failure to uphold certain of its obligations under the Agreement, we determined it would be in our best interest to terminate the Agreement  In that letter, we requested that GNE comply with the termination provisions of the Agreement and provide the stock power necessary to cancel the shares and return the $700,000 advanced to them under the terms of the Agreement.  Accordingly, once GNE returns the $700,000 and submits the outstanding stock power, we shall immediately consent to and permit the mutual termination of the Agreement.

XML

Note 6 - Commitments and Contingencies

3 Months Ended

Jun. 30, 2013

Notes

Note 6 - Commitments and Contingencies

NOTE 6 – COMMITMENTS AND CONTINGENCIES

On June 7, 2012, several former shareholders (including the Company’s CEO, Dr. Steven Henson, although not in such capacity) of Sun River Energy, Inc. (“Sun River”) filed a derivative action against Sun River and its management in a case now styled Colin Richardson, et al., derivatively on behalf of Sun River Energy, Inc. v. Sun River Energy, Inc. v. Donald R. Schmidt, Jr., et al., Cause No. DC-12-06318, in the District Court of Dallas County, Texas (the “Derivative Suit”).  On January 24, 2013, the Court found the Plaintiffs in the case had shown a probable right to the relief sought at an evidentiary hearing and a likelihood of success on the claims of breach of fiduciary duty, fraudulent transfer and certain defamation claims, and entered a temporary injunction against Sun River and its management (the “Temporary Injunction”).  The terms of the Temporary Injunction prevent Sun River, and all officers, directors, agents, servants, attorneys, employees, and all those in active concert or participation, from any performance, claims of default, payments, transfer or other actions with respect to certain notes and mortgages; any payments on those notes based on alleged past due compensation without Board Approval and without providing notice to the parties; entry into contracts by Donal R. Schmidt, Jr. to lease, purchase, or sell Sun River’s interest in its hard rock minerals, coal, oil, timber, gas and or other minerals in Colfax County, New Mexico, without Board Approval and without providing notice to the parties, and any and all issuances of stock or any other compensation, payments, bonuses, gifts or other transfers  by Sun River to the Defendants without Board Approval and without providing notice to the parties outside of normal payroll payment activity.  On February 7, 2013, Defendants Schmidt et al. filed an Amended Answer, Special Exception, Counterclaim and Original Third Party Petition asserting claims against certain third parties for breach of contract, breach of fiduciary duty, misappropriation of confidential information, and against the Company (as well as others) for conversion, constructive trust and conspiracy and places some of the blame for these alleged actions on Dr. Steven Henson.  On January 27, 2014, upon motion made by the Company and other third party defendants in their joint motions for severance of third party claims relief was granted by the district court of Dallas County, Texas and a new suit, styled Sun River, et al. v. the Company, et al. (including the other initial third party defendants) was created (the “Third Party Suit”); however, as of March 31, 2014, Sun River has yet to pay the requisite filing fees and the case has yet to be assigned a cause number.  As a result of such severance, the Company is no longer a party to the Derivative Suit.  The Derivative Suit case is set for trial on June 9, 2014.  Subject, it is understood to a Motion for Continuance. 

There is no current trial set in the Third Party Suit although the parties to the Third Party Suit have circulated an agreed Scheduling Order setting the Third Party Suit for trial in January 2015; no order setting such trial date has been submitted for the Court’s signature as of this date.  In addition, Sun River appealed the decision of temporary injunction in the Derivative Suit and on January 13, 2014, the Appeals Court reversed the temporary injunction in the Derivative Suit on the grounds that the Plaintiffs did not show imminent harm.  Plaintiffs in the Derivative Suit have filed a new request for temporary injunction to the Appeals Court seeking new relief. Dr. Steven Henson believes the claims in the Third Party Suit are completely without merit and the Company will defend their respective positions vigorously.

On January 15, 2013, Gruber Hurst Johansen Hail Shank LLP ("GHJHS") initiated a lawsuit against Steve Henson, M.D., David K. Henson, Colin Richardson, et al, in the 134th District Court of Dallas County, Cause No. DC-13-00553.  GHJHS brought this suit seeking payment for legal representation previously provided to the defendants regarding the Sun River case disclosed above.  This case was later assigned to mediation.

We have recently become aware of a letter dated December 17, 2012 from Dr. Steven Henson to Michael Farmer, who at time was not a director or officer of Rangeford, with regard to our offering of up to $3,000,000 of our preferred stock in connection with our proposed acquisition of certain properties from Great Northern Energy, Inc.  In the letter, Dr. Henson, who at the time was the President and Chairman of the Board of Rangeford, purports to grant a right of rescission to certain investors in the event that we were unable to raise the full amount of funds necessary to acquire the subject properties from Great Northern Energy.  This right of rescission was never approved by our Board of Directors and it is our position that Dr. Henson acted without proper authority in providing the letter to Mr. Farmer, as the representative of certain investors.  At this point no claim has been made by any of the investors, who invested approximately $300,000 in Rangeford and we have no reason to assume that a claim will ultimately be made.

XML

Note 5 - Related Party Notes Payable and Advances (Details) (USD $)	May 27, 2014	Jan. 27, 2014	Jun. 30, 2013		Mar. 31, 2013		Jun. 30, 2013 Albury Note	Nov. 01, 2012 Albury Note	Nov. 28, 2012 CE Trust	Jun. 30, 2013 CiceroneMember	Jun. 30, 2012 TwoShareholdersMember	Mar. 31, 2012 TwoShareholdersMember
Due to Related Parties, Current	$ 368,114							$ 100,000	$ 100	$ 85,118		$ 21,055
Short-term Debt, Percentage Bearing Fixed Interest Rate								6.00%
Common Stock, Other Shares, Outstanding							250,000	250,000
Common Stock		16,570	18,186	[1]	18,128	[1]		71,631
Deposit Liabilities, Accrued Interest							2,493			682
Investment Owned, Balance, Principal Amount										122,033
Additional paid-in capital			$ 2,214,742		$ 2,094,910						$ 21,055

[1] $0.001 par value; 75,000,000 shares authorized; 18,185,851 and 18,127,912 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively

XML

Note 3 - Agreements To Purchase Oil and Gas Properties (Details) (USD $)	Feb. 25, 2014	Jan. 27, 2014	Jul. 02, 2013	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2013 GreatNorthernEnergyMember	Jan. 25, 2013 GreatNorthernEnergyMember
Cash Paid for Oil and Gas Properties							$ 3,900,000
Deposit to Acquire Oil and Gas Properties							100,000
Other payables				6,679	3,504		1,100,000
Other Notes Payable, Current							2,700,000
Restricted Common Stock							7,400,000
Impairment of Deposit				700,000
Common Stock, Shares Issued	30,800	33,140	15,584	18,185,851	18,127,912	7,400,000
Common Stock, Other Shares, Outstanding						7,400,000
Deposit				$ 36,557	$ 36,557	$ 36,557

XML

Note 4 - Related Party Transactions: Schedule of Related Party Transactions (Tables)

3 Months Ended

Jun. 30, 2013

Tables/Schedules

Schedule of Related Party Transactions

Directors Fees		$           42,500
Kevin A. Carreno	Legal	59,590
Colin Richardson	President	30,000
Steven R. Henson	Former President	30,000
		$         162,090

XML

Note 4 - Related Party Transactions: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)

3 Months Ended

Jun. 30, 2013

Tables/Schedules

Schedule of Stockholders' Equity Note, Warrants or Rights

Grant Date	Warrants issued	Fair Value	Expected volatility	Expected Dividends	Expected term (in years)	Risk-free rate	Estimated Fair Value Using Black-Scholes Model
September 30, 2012	20,000	$ 29,714	249.8%	-	2	0.23%	$ 1.49
October 31, 2012	20,000	$ 18,667	250.8%	-	2	0.30%	$ 0.93
November 30, 2012	20,000	$ 92,494	251.6%	-	2	0.25%	$ 4.62
December 31, 2012	20,000	$ 129,565	252.0%	-	2	0.25%	$ 6.48
January 31, 2013	20,000	$ 120,711	254.7%	-	2	0.27%	$6.04
February 28, 2013	20,000	$ 130,322	256.9%	-	2	0.25%	$ 6.52
March 31, 2013	20,000	$ 22,711	256.8%	-	2	0.25%	$ 1.14
Total	140,000	$ 544,184

XML

Note 4 - Related Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	3 Months Ended	67 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Professional fees	$ 56,183	$ 153,573
Directors
Professional fees	42,500
Kevin A. Carreno
Professional fees	59,590
Colin Richardson
Professional fees	30,000
Steven R. Henson
Professional fees	$ 30,000

XML

Rangeford Resources, Inc. - Statements of Cash Flows (USD $)	3 Months Ended				67 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013
Cash flows from Operating Activities
Net Loss	$ (271,367)		$ (1,715)		$ (2,752,622)
Adjustments to reconcile net loss to net cash used in operating activities:
Common stock issued for services	119,890				821,316
Amortization debt discount					78,794
Warrant expense					495,695
Impairment of deposit					700,000
Changes in operating assets and liabilities:
Prepaid expenses	8,125				(16,250)
Accounts payable	57,215		1,670		285,383
Accrued interest payable	3,175				6,679
Net cash used in operating activities	(82,962)		(45)		(381,005)
Cash Flows from Investing Activities
Cash paid for long-term deposit					(600,000)
Net cash provided by investing activities					(600,000)
Cash Flows From Financing Activities
Proceeds from related party payable	85,117				178,767
Repayments of related party payables					(35,580)
Issuance of Series A preferred stock					810,000
Contributed capital					4,160
Proceeds from issuance of stock					25,813
Net cash provided by financing activities	85,117				983,160
Net (decrease) increase in cash	2,155		(45)		2,155
Cash, Beginning of Period			200
Cash, End of Period	2,155		155		2,155
Supplemental disclosure of non-cash investing and financing activities:
Issuance of common stock for professional and consulting fees	0	[1]	0	[1]	13,200	[1]
Issuance of common stock with debt	0	[2]	0	[2]	78,794	[2]
Issuance of common stock for deposit	0	[3]	0	[3]	36,557	[3]
Cash paid directly to third party for deposit					100,000
Forgiveness of related party loans			21,055		21,055
Unpaid issuance costs					60,300
Supplemental Cash Flow Information:
Interest paid
Taxes paid

[1] Issuance of 7,630,058 shares of common stock for professional and consulting services

[2] Issuance of 275,000 shares of common stock with debt

[3] Issuance of 7,400,000 shares of common stock for deposit

XML

Note 5 - Related Party Notes Payable and Advances

3 Months Ended

Jun. 30, 2013

Notes

Note 5 - Related Party Notes Payable and Advances

NOTE 5 – RELATED PARTY NOTES PAYABLE AND ADVANCES

On November 1, 2012, the Company entered into a note agreement with a shareholder/director of the Company, pursuant to which the Company borrowed $100,000 from the shareholder which was payable in 60 days with interest at 6% per annum (the “Hadley Note”).  Proceeds from the Hadley Note were paid directly to GNE as a deposit to purchase certain oil and gas assets (see Note 3).  The Hadley Note was payable in 60 days with interest at 6% per annum.  In accordance with the terms of the note, the Company agreed to issue 250,000 shares of unregistered common stock to the shareholder.  The shares of unregistered common stock had a relative fair value of approximately $71,631 as of November 1, 2012, which was recorded as additional interest expense over the 60 day term of the note. As of June 30, 2013, all 250,000 shares were issued to Hadley. The note had not been repaid as of June 30, 2013. The accrued interest due on the note as of June 30, 2013 was $2,493. (See Note 7 – Subsequent Events)

On November 28, 2012, the C. E. McMillan Family Trust advanced the Company $100 to facilitate the opening of a new bank account.  The trustee of the C.E. McMillan Family Trust is also the managing member of Fidare Consulting Group, LLC ("Fidare") and Cicerone Corporate Development, LLC ("Cicerone").  The advance had not been repaid as of June 30, 2013.

At various times, Cicerone has advanced funds to the Company for operating expenses.  During the quarter ended June 30, 2013, Cicerone advanced a total of $85,118.  The principal balance owed to Cicerone was $122,033 with accrued interest of $682 as of June 30, 2013. The managing member of Cicerone is the C. E. McMillan Family Trust.  Harry McMillan is trustee of the C.E. McMillan Family Trust.

We received loans from two of our shareholders totaling $21,055 from inception to June 30, 2012 for the purposes of funding startup operations.  These loans were non-interest bearing and due on demand. On June 30, 2012 these loans totaling $21,055 were forgiven by the shareholders and credited to our additional paid in capital account.

XML

Note 7 - Subsequent Events (Details) (USD $)	May 27, 2014	Apr. 28, 2014	Feb. 25, 2014	Jan. 27, 2014	Jul. 02, 2013	Jun. 30, 2013		Mar. 31, 2013		Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2012	Nov. 30, 2012	Oct. 31, 2012	Sep. 30, 2012	Jul. 02, 2013 Delaney Equity Group	Dec. 31, 2013 Cicerone Revolving Note	Sep. 04, 2013 Cicerone Revolving Note	Sep. 23, 2013 Gregory W. Hadley	Nov. 01, 2012 Gregory W. Hadley	Sep. 24, 2013 Cicerone Corporate Development LLC	Sep. 30, 2013 Kevin Carreno	Apr. 30, 2014 Colin Richardson	Mar. 31, 2014 Colin Richardson	Apr. 30, 2014 Fidare Consulting Group	Feb. 25, 2014 Fidare Consulting Group
Common Stock, Shares Issued			30,800	33,140	15,584	18,185,851		18,127,912								15,584	1,500,000				1,500,000	21,364	5,000	26,313	5,000	30,800
Loans and Leases Receivable, Gross, Consumer, Revolving, Other																	$ 10,000	$ 750,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate																	12.00%	2.75%
Other Liabilities																	50,000
Due to Related Parties, Current	368,114																65,100
Redeemable Convertible Preferred Stock, Shares Issued																			20,000
Notes Payable																				100,000
Long-term Line of Credit																					750,000
Legal Fees																						79,173
Warrants Issued	340,000							20,000		20,000	20,000	20,000	20,000	20,000	20,000								20,000	120,000	20,000
Common Stock				16,570		18,186	[1]	18,128	[1]															120,000	20,000
Warrant Exercise																										120,000
Shares held in Employee Stock Option Plan, Suspense Shares		108,000
Fair Value, Option, Disclosures Related to Election, Items Existing at Effective Date, Investment in Federal Home Loan Bank Stock		427,901
Options Granted		200,000
Options Exercise Price		$ 3.00
Warrant Value																							$ 58,897		$ 58,897

[1] $0.001 par value; 75,000,000 shares authorized; 18,185,851 and 18,127,912 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively