Nevada
|
98-0579157
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
|
|
10100 Santa Monica Blvd., Suite 300, Century City, Los Angeles, CA
|
90067
|
(Address of principal executive offices)
|
(Zip Code)
|
Title of each class
|
|
Trading Symbol(s)
|
|
Name of exchange on which registered
|
Common Stock
|
CCOB
|
OTCQB
|
||
Preferred Stock
|
N/A
|
N/A
|
Large accelerated filer ☐
|
|
Accelerated filer ☐
|
Non-Accelerated filer ☒
|
Smaller reporting company ☒
|
Emerging growth company ☐
|
Explanatory Not
The purpose of this Amendment No. 1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2019, filed with the Securities and Exchange Commission on October 15, 2019 (the "Form 10-Q"), is solely to furnish Exhibit 101 to the Form 10-Q. Exhibit 101 provides the financial statements and related notes from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language)
No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q continues to speak as of the original filing date of the Form 10-Q, 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 original Form 10-Q.
Pursuant to rule 406T of Regulation S-T, the interactive data files on 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 Act of 1934, as amended, and otherwise are not subject to liability under those sections.
PART I - FINANCIAL INFORMATION
|
|
|
|
|
|
Item 1.
|
Financial Statements
|
3
|
|
|
|
Item 2.
|
Management's Discussion and Analysis of Financial Condition and Results of Operations
|
16
|
|
|
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk
|
20
|
|
|
|
Item 4.
|
Controls and Procedures
|
20
|
|
|
|
PART II - OTHER INFORMATION
|
|
|
|
|
|
Item 1.
|
Legal Proceedings
|
21
|
|
|
|
Item 1A.
|
Risk Factors
|
21
|
|
|
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
21
|
|
|
|
Item 3.
|
Defaults Upon Senior Securities
|
22
|
|
|
|
Item 4.
|
Mine Safety Disclosures
|
22
|
|
|
|
Item 5.
|
Other Information
|
22
|
|
|
|
Item 6.
|
Exhibits
|
22
|
|
|
|
SIGNATURES
|
|
23
|
August 31, 2019
|
November 30, 2018
|
|||||||
(Unaudited)
|
||||||||
Assets
|
||||||||
Current assets:
|
||||||||
Cash
|
$
|
48,020
|
$
|
1,172
|
||||
Prepaid expenses
|
17,890
|
10,787
|
||||||
Total current assets
|
65,910
|
11,959
|
||||||
Other assets
|
||||||||
Resource property
|
380,910
|
248,000
|
||||||
Total other assets
|
380,910
|
248,000
|
||||||
Total Assets
|
$
|
446,820
|
$
|
259,959
|
||||
Liabilities and Stockholders' Equity (Deficit)
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$
|
163,202
|
$
|
81,280
|
||||
Accounts payable - related parties
|
62,689
|
27,870
|
||||||
Accrued interest
|
28,138
|
3,415
|
||||||
Accrued interest - related parties
|
31,184
|
71,231
|
||||||
Due to related parties
|
68,923
|
95,640
|
||||||
Notes payable - current portion
|
41,700
|
10,000
|
||||||
Notes payable to related parties - current portion
|
195,000
|
467,866
|
||||||
Total current liabilities
|
590,836
|
757,302
|
||||||
Long term liabilities:
|
||||||||
Notes payable
|
132,875
|
114,575
|
||||||
Notes payable to related parties
|
72,500
|
20,500
|
||||||
Convertible note, net of discount of $11,200 and $-0- at August 30, 2019
|
||||||||
and November 30, 2018, respectively
|
178,825
|
-
|
||||||
Total long term liabilities
|
384,200
|
135,075
|
||||||
Total liabilities
|
975,036
|
892,377
|
||||||
Commitments and contingencies
|
||||||||
Stockholders' equity (deficit):
|
||||||||
Preferred stock, $0.001 par value; 20,000,000 shares authorized,
|
||||||||
-0- preferred stock shares issued and outstanding as of August 31, 2019 and November 30, 2018
|
-
|
-
|
||||||
Common stock, $0.001 par value, 3,500,000,000 shares authorized,
|
||||||||
77,248,120 and 74,142,211 issued and outstanding as of August 31, 2019 and November 30, 2018, respectively
|
77,248
|
74,142
|
||||||
Additional paid-in capital
|
2,181,754
|
1,815,625
|
||||||
Common stock payable
|
157,128
|
55,120
|
||||||
Accumulated deficit
|
(2,944,346
|
)
|
(2,577,305
|
)
|
||||
Total stockholders' equity (deficit)
|
(528,216
|
)
|
(632,418
|
)
|
||||
Total Liabilities and Stockholders' equity (deficit)
|
$
|
446,820
|
$
|
259,959
|
For the Three Months Ended
|
For the Nine Months Ended
|
|||||||||||||||
August 31, 2019
|
August 31, 2018
|
August 31, 2019
|
August 31, 2018
|
|||||||||||||
(Restated) |
(Restated) | |||||||||||||||
Operating expenses:
|
||||||||||||||||
Accounting and legal
|
$
|
4,255
|
$
|
21,222
|
$
|
32,941
|
$
|
40,133
|
||||||||
Transfer agent and filing fees
|
6,866
|
5,196
|
17,147
|
10,730
|
||||||||||||
Consulting
|
115,025
|
309,488
|
186,513
|
343,943
|
||||||||||||
Exploration
|
-
|
9,842
|
32,923
|
9,842
|
||||||||||||
General and administrative
|
19,758
|
35,886
|
62,604
|
51,297
|
||||||||||||
Total operating expenses
|
145,904
|
381,634
|
332,128
|
455,945
|
||||||||||||
Net operating income (loss)
|
(145,904
|
)
|
(381,634
|
)
|
(332,128
|
)
|
(455,945
|
)
|
||||||||
Other income (expense):
|
||||||||||||||||
Interest expense
|
(24,759
|
)
|
(11,954
|
)
|
(49,164
|
)
|
(25,144
|
)
|
||||||||
Debt forgiveness
|
-
|
-
|
14,251
|
100,000
|
||||||||||||
Total Other income (expense)
|
(24,759
|
)
|
(11,954
|
)
|
(34,913
|
)
|
74,856
|
|||||||||
Net income (loss)
|
$
|
(170,663
|
)
|
$
|
(393,588
|
)
|
$
|
(367,041
|
)
|
$
|
(381,089
|
)
|
||||
Basic and diluted income (loss) per share
|
$
|
(0.00
|
)
|
$
|
(0.01
|
)
|
$
|
(0.00
|
)
|
$
|
(0.01
|
)
|
||||
Weighted average number of common
|
||||||||||||||||
shares outstanding - basic and diluted
|
77,248,120
|
63,490,037
|
76,806,038
|
63,092,941
|
Common Stock
|
Preferred Stock
|
Additional
|
Common |
During
|
Total
|
|||||||||||||||||||||||||||||||
Paid-In
|
Stock
|
Accumulated
|
Development
|
Stockholders'
|
||||||||||||||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Payable
|
Deficit
|
Stage
|
Deficiency
|
||||||||||||||||||||||||||||
For the nine months ended August 31, 2018
|
||||||||||||||||||||||||||||||||||||
Balance at November 28, 2017
|
62,892,211
|
$
|
62,892
|
-
|
$
|
-
|
$
|
1,206,875
|
$
|
15,120
|
(1,800,868
|
)
|
$
|
-
|
$
|
(515,981
|
)
|
|||||||||||||||||||
Shares issued for mineral properties
|
2,500,000
|
2,500
|
97,500
|
-
|
100,000
|
|||||||||||||||||||||||||||||||
Common Stock to be issued
|
290,000
|
-
|
290,000
|
|||||||||||||||||||||||||||||||||
Net loss
|
(381,089
|
)
|
-
|
(381,089
|
)
|
|||||||||||||||||||||||||||||||
Balance at August 31, 2018 (unaudited)
|
65,392,211
|
$
|
65,392
|
-
|
$
|
-
|
$
|
1,304,375
|
$
|
305,120
|
(2,181,957
|
)
|
$
|
-
|
$
|
(507,070
|
)
|
|||||||||||||||||||
For the three months ended August 31, 2018
|
||||||||||||||||||||||||||||||||||||
Balance at May 31, 2018
|
62,892,211
|
$
|
62,892
|
-
|
$
|
-
|
$
|
1,206,875
|
$
|
15,120
|
(1,788,369
|
)
|
$
|
-
|
$
|
(503,482
|
)
|
|||||||||||||||||||
Shares issued for mineral properties
|
2,500,000
|
2,500
|
97,500
|
-
|
100,000
|
|||||||||||||||||||||||||||||||
Common Stock to be issued
|
290,000
|
-
|
290,000
|
|||||||||||||||||||||||||||||||||
Net loss
|
(393,588
|
)
|
-
|
(393,588
|
)
|
|||||||||||||||||||||||||||||||
Balance at August 31, 2018 (unaudited)
|
65,392,211
|
$
|
65,392
|
-
|
$
|
-
|
$
|
1,304,375
|
$
|
305,120
|
(2,181,957
|
)
|
$
|
-
|
$
|
(507,070
|
)
|
|||||||||||||||||||
For the nine months ended August 31, 2019
|
||||||||||||||||||||||||||||||||||||
Balance at November 30, 2018
|
74,142,211
|
$
|
74,142
|
-
|
$
|
-
|
$
|
1,815,625
|
$
|
55,120
|
(2,577,305
|
)
|
$
|
-
|
$
|
(632,418
|
)
|
|||||||||||||||||||
Shares issued for services
|
3,105,909
|
3,106
|
353,475
|
-
|
-
|
356,581
|
||||||||||||||||||||||||||||||
Shares payable for services
|
102,008
|
102,008
|
||||||||||||||||||||||||||||||||||
Discount on shares issued for notes payable
|
12,654
|
-
|
-
|
12,654
|
||||||||||||||||||||||||||||||||
Net loss
|
(367,041
|
)
|
-
|
(367,041
|
)
|
|||||||||||||||||||||||||||||||
Balance at August 31, 2019 (unaudited)
|
77,248,120
|
$
|
77,248
|
-
|
$
|
-
|
$
|
2,181,754
|
$
|
157,128
|
(2,944,346
|
)
|
$
|
-
|
$
|
(528,216
|
)
|
|||||||||||||||||||
For the three months ended August 31, 2019
|
||||||||||||||||||||||||||||||||||||
Balance at May 31, 2019
|
77,248,120
|
$
|
77,248
|
-
|
$
|
-
|
$
|
2,163,128
|
$
|
85,120
|
(2,773,682
|
)
|
$
|
-
|
$
|
(448,186
|
)
|
|||||||||||||||||||
Shares issued for services
|
-
|
-
|
5,972
|
-
|
5,972
|
|||||||||||||||||||||||||||||||
Shares payable for services
|
72,008
|
-
|
72,008
|
|||||||||||||||||||||||||||||||||
Discount on shares issued for notes payable
|
12,654
|
-
|
12,654
|
|||||||||||||||||||||||||||||||||
Net loss
|
(170,664
|
)
|
-
|
(170,664
|
)
|
|||||||||||||||||||||||||||||||
Balance at August 31, 2019 (unaudited)
|
77,248,120
|
$
|
77,248
|
-
|
$
|
-
|
$
|
2,181,754
|
$
|
157,128
|
(2,944,346
|
)
|
$
|
-
|
$
|
(528,216
|
)
|
For the Nine Months Ended | ||||||||
August 31, 2019
|
August 31, 2018
|
|||||||
(Restated) | ||||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
$
|
(367,041
|
)
|
$
|
(381,089
|
)
|
||
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||
Write off reclamation bond
|
-
|
591
|
||||||
Stock based compensation
|
113,086
|
250,000
|
||||||
Debt discount interest
|
1,454
|
-
|
||||||
Forgiveness of debt
|
(14,250
|
)
|
(100,000
|
)
|
||||
Changes in operating assets and liabilities:
|
||||||||
Prepaid expenses
|
(3,251
|
)
|
(15,071
|
)
|
||||
Accounts payable
|
55,206
|
63,270
|
||||||
Accounts payable expenses - related parties
|
34,819
|
33,290
|
||||||
Accrued expenses
|
24,723
|
24,258
|
||||||
Accrued expenses - related parties
|
22,987
|
886
|
||||||
Due to related parties
|
-
|
51,789
|
||||||
Net cash used in operating activities
|
(132,267
|
)
|
(72,076
|
)
|
||||
Cash flows from investing activities:
|
||||||||
Acquisition of resource properties
|
(132,910
|
)
|
(108,000
|
)
|
||||
Net cash used in investing activities
|
(132,910
|
)
|
(108,000
|
)
|
||||
Cash flows from financing activities
|
||||||||
Proceeds from notes payable - current portion
|
-
|
41,700
|
||||||
Proceeds from notes payable to related parties - current portion
|
20,000
|
138,000
|
||||||
Proceeds from notes payable - long term portion
|
50,000
|
-
|
||||||
Proceeds from notes payable to related parties - long term portion
|
52,000
|
-
|
||||||
Proceeds from convertible notes payable - long term portion
|
190,025
|
-
|
||||||
Net cash provided by financing activities
|
312,025
|
179,700
|
||||||
Net increase (decrease) in cash
|
46,848
|
(376
|
)
|
|||||
Cash - beginning of the year
|
1,172
|
541
|
||||||
Cash - end of the year
|
$
|
48,020
|
$
|
165
|
||||
Supplemental disclosures:
|
||||||||
Interest paid
|
$
|
-
|
$
|
-
|
||||
Income taxes
|
$
|
-
|
$
|
-
|
||||
Non-cash transactions:
|
||||||||
Stock Compensation
|
$
|
113,086
|
$
|
250,000
|
August 31, 2019 | November 30, 2018 | |||||||
Consulting
|
$
|
12,473
|
$
|
8,620
|
||||
Listing Fees
|
5,417
|
2,167
|
||||||
Total
|
$
|
17,890
|
$
|
10,787
|
Date of Note
|
Note
Amount
|
Interest
Rate
|
Maturity Date
|
Collateral
|
Interest
Accrued
|
|||||||||||
|
|
|
||||||||||||||
May 1, 2016 (1)
|
$
|
-
|
8
|
%
|
May 1, 2017 (2)
|
None
|
$
|
-
|
||||||||
October 20, 2016
|
$
|
5,000
|
8
|
%
|
October 20, 2017 (2)
|
None
|
$
|
1,145
|
||||||||
January 9, 2017
|
$
|
9,000
|
8
|
%
|
January 9, 2018 (2)
|
None
|
$
|
1,902
|
||||||||
April 24, 2017
|
$
|
10,000
|
8
|
%
|
April 24, 2018 (2)
|
None
|
$
|
1,883
|
||||||||
June 19, 2017
|
$
|
7,000
|
8
|
%
|
June 19, 2018 (2)
|
None
|
$
|
1,232
|
||||||||
September 18, 2017
|
$
|
6,000
|
8
|
%
|
September 18, 2018 (2)
|
None
|
$
|
936
|
||||||||
January 5, 2018
|
$
|
10,000
|
8
|
%
|
January 5, 2019 (2)
|
None
|
$
|
1,322
|
||||||||
April 17, 2018
|
$
|
30,000
|
8
|
%
|
April 17, 2019 (2)
|
None
|
$
|
3,294
|
||||||||
July 27, 2018
|
$
|
31,700
|
12
|
%
|
July 27, 2019 (2))
|
None
|
$
|
4,169
|
||||||||
August 15, 2018
|
$
|
108,000
|
12
|
%
|
August 15, 2019 (2)
|
None
|
$
|
13,528
|
||||||||
September 7, 2018
|
$
|
15,000
|
12
|
%
|
July 31, 2020
|
None
|
$
|
1,765
|
||||||||
September 12, 2018
|
$
|
20,500
|
12
|
%
|
August 15, 2020
|
None
|
$
|
2,379
|
||||||||
September 27, 2018
|
$
|
10,000
|
12
|
%
|
July 31, 2020
|
None
|
$
|
1,111
|
||||||||
October 10, 2018
|
$
|
42,000
|
12
|
%
|
July 31, 2020
|
None
|
$
|
4,488
|
||||||||
November 20, 2018
|
$
|
7,905
|
12
|
%
|
July 31, 2020
|
None
|
$
|
738
|
||||||||
November 20, 2018
|
$
|
7,970
|
12
|
%
|
July 31, 2020
|
None
|
$
|
744
|
||||||||
December 18, 2018
|
$
|
25,000
|
12
|
%
|
February 18, 2020
|
None
|
$
|
2,104
|
||||||||
January 24, 2019
|
$
|
42,000
|
12
|
%
|
August 15, 2020
|
None
|
$
|
3,024
|
||||||||
February 18, 2019
|
$
|
20,000
|
12
|
%
|
February 18, 2020
|
None
|
$
|
1,275
|
||||||||
March 6, 2019
|
$
|
10,000
|
12
|
%
|
August 15, 2020
|
None
|
$
|
585
|
||||||||
May 3, 2019
|
$
|
25,000
|
12
|
%
|
July 31, 2020
|
None
|
$
|
987
|
||||||||
Total
|
$
|
442,075
|
|
|
$
|
48,611
|
(1) |
On January 8, 2019, the Company agreed to convert principle and interest of $341,650 into 3,105,909 unregistered shares of the Company’s common stock to fully satisfy the obligation. The common stock was valued at $0.11 per share.
In-addition, the Company recognized $14,250 income from debt forgiveness for the portion of the Promissory note accrued interest not converted to the Company’s common stock. The Company calculated the fair value of the beneficial
conversion feature on the debt modification as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of modification. The fair value of the conversion provision in
connection with the note on the date of modification was $-0-.
|
(2) |
The Company is not compliant with the repayment terms of the notes payable.
|
Balance, November 30, 2018
|
$
|
612,941
|
||
Borrowings
|
312,025
|
|||
Less repayments
|
292,866
|
|||
Balance, August 31, 2019
|
$
|
632,100
|
Year Due
|
Principal
|
Interest
|
Total
|
|||||||||
|
||||||||||||
2019
|
$
|
216,700
|
$
|
29,410
|
$
|
246,110
|
||||||
2020
|
415,400
|
29,912
|
445,312
|
|||||||||
Total
|
$
|
632,100
|
$
|
59,322
|
$
|
691,422
|
Risk-free interest rate
|
2.54
|
%
|
||
Expected life (in years)
|
3
|
|||
Expected volatility
|
310.6
|
%
|
||
Grant date fair value
|
$
|
.097
|
|
August 31, 2018
|
|||||||||||
|
As Reported
|
Adjustment
|
As Restated
|
|||||||||
Balance Sheet:
|
||||||||||||
Current Assets
|
$
|
236,693
|
$
|
(221,457
|
)
|
$
|
15,236
|
|||||
Resource Property
|
378,000
|
(130,000
|
)
|
248,000
|
||||||||
Total assets
|
$
|
614,693
|
$
|
(351,457
|
)
|
$
|
263,236
|
|||||
|
||||||||||||
Accounts payable
|
$
|
53,688
|
$
|
10,910
|
$
|
64,598
|
||||||
Accounts payable – related parties
|
32,635
|
12,740
|
45,375
|
|||||||||
Due to related party
|
97,513
|
(10,907
|
)
|
86,606
|
||||||||
Accrued interest
|
-
|
886
|
886
|
|||||||||
Accrued interest – related party
|
60,282
|
2,993
|
63,275
|
|||||||||
Notes payable
|
-
|
41,700
|
41,700
|
|||||||||
Notes payable – related party
|
479,566
|
(11,700
|
)
|
467,866
|
||||||||
Total liabilities
|
723,684
|
46,622
|
770,306
|
|||||||||
|
||||||||||||
Common stock
|
65,392
|
-
|
65,392
|
|||||||||
Additional paid-in capital
|
1,429,375
|
(125,000
|
)
|
1,304,375
|
||||||||
Common stock payable
|
310,120
|
(5,000
|
)
|
305,120
|
||||||||
Accumulated deficit
|
(1,913,878
|
)
|
(268,079
|
)
|
(2,181,957
|
)
|
||||||
Total Stockholders’ Equity
|
(108,991
|
)
|
(398,079
|
)
|
(507,070
|
)
|
||||||
Total liabilities and stockholders’ equity
|
$
|
614,693
|
$
|
(351,457
|
)
|
$
|
263,236
|
For the nine months ended August 31, 2018 | ||||||||||||
|
As Reported
|
|
Adjustment
|
As Restated
|
|
|||||||
|
|
|
|
|
||||||||
Operating expenses
|
|
$
|
191,745
|
|
$264,200
|
$455,945
|
|
|||||
Interest expense
|
|
|
21,265
|
|
3,879
|
25,144
|
|
|||||
Forgiveness of debt
|
|
|
(100,000
|
)
|
-
|
(100,000
|
)
|
|||||
Net Loss
|
|
$
|
(113,010
|
)
|
$268,079
|
$381,089
|
|
|
May 31, 2018
|
|||||||||||
|
As Reported
|
Adjustment
|
As Restated
|
|||||||||
Balance Sheet:
|
||||||||||||
Current Assets
|
$
|
5,924
|
$
|
(938
|
)
|
$
|
4,986
|
|||||
Deposit
|
591
|
-
|
591
|
|||||||||
Total assets
|
$
|
6,515
|
$
|
-
|
$
|
5,577
|
||||||
|
||||||||||||
Accounts payable
|
$
|
69,894
|
$
|
(46,844
|
)
|
$
|
23,050
|
|||||
Accounts payable – related parties
|
7,085
|
7,425
|
14,510
|
|||||||||
Due to related party
|
38,170
|
11,256
|
49,426
|
|||||||||
Accrued interest
|
-
|
320
|
320
|
|||||||||
Accrued interest – related party
|
52,497
|
(610
|
)
|
51,887
|
||||||||
Notes payable
|
-
|
10,000
|
10,000
|
|||||||||
Notes payable – related party
|
339,866
|
20,000
|
359,866
|
|||||||||
Total liabilities
|
507,512
|
1,547
|
509,059
|
|||||||||
|
||||||||||||
Common stock
|
62,892
|
-
|
62,892
|
|||||||||
Additional paid-in capital
|
1,206,875
|
-
|
1,206,875
|
|||||||||
Common stock payable
|
15,120
|
-
|
15,120
|
|||||||||
Accumulated deficit
|
(1,785,884
|
)
|
(2,485
|
)
|
(1,788,369
|
)
|
||||||
Total Stockholders’ Equity
|
(500,997
|
)
|
(2,485
|
)
|
(503,482
|
)
|
||||||
Total liabilities and stockholders’ equity
|
$
|
6,515
|
$
|
-
|
$
|
5,577
|
|
For the nine months ended May 31, 2018
|
|
||||||||||
|
As Reported
|
|
Adjustment
|
|
As Restated
|
|
||||||
|
|
|
|
|||||||||
Operating expenses
|
|
$
|
71,536
|
|
|
$
|
2,775
|
|
|
$
|
74,311
|
|
Interest expense
|
|
|
13,480
|
|
|
|
(290
|
)
|
|
|
13,190
|
|
Forgiveness of debt
|
|
|
(100,000
|
)
|
|
|
-
|
|
|
|
(100,000
|
)
|
Net Income (Loss)
|
|
$
|
14,984
|
|
|
$
|
2,485
|
|
|
$
|
12,499
|
|
Expense
|
Cost
|
|||
|
||||
General and administrative expenses
|
$
|
25,000
|
||
Management and administrative costs
|
$
|
150,000
|
||
Legal Fees
|
$
|
10,000
|
||
Auditor Fees
|
$
|
12,000
|
||
Exploration
|
$
|
150,000
|
||
Total
|
$
|
347,000
|
Exhibit
Number
|
Description
|
||
|
|||
(3
|
)
|
(i) Articles of Incorporation; (ii) By-laws
|
|
|
|||
3.1
|
Articles of Incorporation (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).
|
||
|
|||
3.2
|
By-laws (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009)
|
||
|
|||
3.3
|
Certificate of Amendment (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).
|
||
|
|||
3.4
|
Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).
|
||
|
|||
3.5
|
Certificate of Change (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).
|
||
|
|||
3.6
|
Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on June 25, 2018).
|
||
|
|||
(10
|
)
|
Material Contracts
|
|
|
|||
10.1
|
2011 Stock Option Plan (incorporated by reference to our Current Report filed on Form 8-K on November 14, 2011).
|
||
|
|||
10.2
|
Foxglove Promissory Note dated June 28, 2015 (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).
|
||
|
|||
10.3
|
$7,000 Convertible Promissory Note dated October 15, 2015 issued to Consorcio Empresarial Vesubio SA (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).
|
||
|
|||
10.4
|
Assignment Agreement dated effective August 7, 2018 between Oriental Rainbow Group Ltd. and Century Cobalt Corp. (incorporated by reference to our Current Report filed on Form 8-K on August 14, 2018).
|
||
|
|||
10.5
|
Consulting Agreement with Alexander Stanbury, dated September 14, 2018. (incorporated by reference to Exhibit 10.10 to our Quarterly Report filed on Form 10-Q on October 22, 2018).
|
||
|
|||
10.6
|
Consulting Agreement with Lester Kemp, dated September 11, 2018. (incorporated by reference to Exhibit 10.11 to our Quarterly Report filed on Form 10-Q on October 22, 2018).
|
||
|
|||
(31
|
)
|
Rule 13a-14(a) / 15d-14(a) Certifications
|
|
|
|||
31.1
|
*
|
Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.
|
|
|
|||
(32
|
)
|
Section 1350 Certifications
|
|
|
|||
32.1
|
*
|
Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.
|
|
|
|||
101
|
*
|
Interactive Data File
|
|
101.INS
101.SCH
101.CAL
101.DEF
101.LAB
101.PRE
|
XBRL Instance Document
XBRL Taxonomy Extension Schema Document
XBRL Taxonomy Extension Calculation Linkbase Document
XBRL Taxonomy Extension Definition Linkbase Document
XBRL Taxonomy Extension Label Linkbase Document
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
CENTURY COBALT CORP.
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
Dated: October 17, 2019
|
|
/s/ Alexander Stanbury
|
|
|
|
Alexander Stanbury
|
|
|
|
President, Chief Executive Officer, Treasurer, Secretary and Director
|
|
`
|
|
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
|
1.
|
I have reviewed this report on Form 10-Q/A
|
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.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
|
a)
|
Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
|
b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
|
c)
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this report based on such evaluation; and
|
|
d)
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth
fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed, based on our 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.
|
Dated: October 17, 2019
|
|
/s/ Alexander Stanbury
|
|
|
|
Alexander Stanbury
|
|
|
|
President, Chief Executive Officer, Treasurer, Secretary and Director
|
|
|
|
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
|
(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.
|
Dated: October 17, 2019
|
|
/s/ Alexander Stanbury
|
|
|
|
Alexander Stanbury
|
|
|
|
President, Chief Executive Officer, Treasurer, Secretary and Director
|
|
|
|
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
|
RESOURCE PROPERTY (Details Narrative) - USD ($) |
9 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Aug. 07, 2018 |
Sep. 04, 2017 |
Aug. 31, 2019 |
Nov. 30, 2018 |
|
Consideration Shares | 2,500,000 | |||
Consideration Shares, value | $ 100,000 | |||
Six-month Option Agreement [Member] | April 1, 2019 [Member] | ||||
Description for the charges payble by the optionor under agreement | The optionor provides the property free and clear of all liens, charges, encumbrances, claims, rights, or interest of any person subject to incurring or funding expenditures up to an aggregate of $10,000 within six months of signing this agreement | |||
Number of unregistered shares granted to optionor | 163,132 | |||
Number of unregistered shares granted to optionor, value | $ 20,000 | |||
Share price of unregistered shares granted to optionor | $ 0.1226 | |||
Unregistered shares issuable to optionor upon extension of agreement | $ 20,000 | |||
Terms for the extension of agreement | At the end of the six-month period, the Company has the right to extend the option period for 3 months by issuing the optionor an additional $20,000 of unregistered shares of the Company’s common based on the 30 days average closing price on the date of the extension | |||
Description for the termination of ageement | The Company may terminate the agreement with 30 days written notice to the optionor | |||
Oriental Rainbow [Member] | Restricted Stock [Member] | ||||
Consideration Shares | 2,500,000 | |||
Consideration Shares, value | $ 100,000 | |||
Investment in mineral claims | $ 380,910 | $ 248,000 | ||
Oriental Rainbow and Plateau Ventures LLC [Member] | ||||
Purchase agreement description | Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions. The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims. by issuing a further 500,000 common shares valued at $20,000 to Plateau Ventures LLC. Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres. | |||
Plateau [Member] | Restricted Stock [Member] | ||||
Common stock issuable | 500,000 | |||
Common stock issuable, value | $ 20,000 | |||
Contigency payables | $ 1,000,000 | |||
Royalty description | The vendor retains a 1% royalty on revenue derived from the sale of cobalt concentrate and other ore extracts from the property. The Company has the option to purchase this 1% royalty at any time for $1,000,000 in cash or common shares. |
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