Nevada
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45-0725238
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(State or Other Jurisdiction of Incorporation or Organization)
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(I.R.S. Employer Identification No.)
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Large accelerated filer [ ]
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Accelerated filer [ ]
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Non-accelerated filer [ ]
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Smaller reporting company [X]
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(Do not check if a smaller reporting company)
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Page
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PART I - Financial Information
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3 | |
Item 1. Financial Statements
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3 | |
Balance Sheets July 31, 2011 (unaudited), and April 30, 2011
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3 | |
Statements of Operations (unaudited) for the three-month periods ended
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||
July 31, 2011 and 2010 and for the period from April 21, 2010 (inception) to July 31, 2011
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4 | |
Statements of Cash Flows (unaudited) for the three-month periods ended
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July 31, 2011 and 2010 and for the period from April 21, 2010 (inception) to July 31, 2011
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5 | |
Notes to the Financial Statements
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7 | |
Item 2. Management’s Discussion and Analysis or Plan of Operation
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13 | |
Item 3 Quantitative and Qualitative Disclosures About Market Risk
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16 | |
Item 4. Controls and Procedures
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16 | |
PART II – Other Information
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16 | |
Item 1. Legal Proceedings
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16 | |
Item 1A. Risk Factors
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16 | |
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
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17 | |
Item 3. Defaults Upon Senior Securities
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17 | |
Item 4. (Removed and Reserved)
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17 | |
Item 5. Other Information
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17 | |
Item 6. Exhibits
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17 |
(Unaudited)
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||||||||
July 31,
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April 30,
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|||||||
2011
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2011
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|||||||
ASSETS
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||||||||
Current Assets
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||||||||
Cash
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$ | 283,397 | $ | 624 | ||||
Prepaid Expenses
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2,120 | - | ||||||
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||||||||
Total Current Assets
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285,517 | 624 | ||||||
Total Assets
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$ | 285,517 | $ | 624 | ||||
LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)
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||||||||
Current Liabilities
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||||||||
Accounts Payable and Accrued Liabilities
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$ | 6,961 | $ | 5,876 | ||||
Total Current Liabilities
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6,961 | 5,876 | ||||||
Stockholders' Equity (Deficit)
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||||||||
Common Stock, Par Value $.0001
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||||||||
Authorized 300,000,000 shares,
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||||||||
47,900,000 shares issued and outstanding at July 31, 2011
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||||||||
(April 30, 2011 – 44,400,000)
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4,790 | 4,440 | ||||||
Additional Paid-In Capital
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366,210 | 16,560 | ||||||
Deficit Accumulated During the Development Stage
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(92,444 | ) | (26,252 | ) | ||||
Total Stockholders' Equity (Deficit)
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278,556 | (5,252 | ) | |||||
Total Liabilities and Stockholders' Equity
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$ | 285,517 | $ | 624 |
Cumulative
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||||||||||||
Since
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April 21, 2010
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For the Three Months Ended
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(Inception) to
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July 31,
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July 31,
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2011
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2010
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2011
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Revenues
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$
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—
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$
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—
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$
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—
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||||||
Cost of Revenues
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—
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—
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—
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|||||||||
Gross Margin
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—
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—
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—
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|||||||||
Expenses
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||||||||||||
Mineral Property Exploration Expenditures
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21,396
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—
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24,620
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General and Administrative
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24,796
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1,162
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47,824
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|||||||||
Net Loss from Operations
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(46,192
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)
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(1,162
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)
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(72,444
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)
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||||||
Other Income (Expense)
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||||||||||||
Interest
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—
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—
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—
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Net Other Income (Expense)
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—
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—
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—
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Write-down of Mineral Property Acquisition Payments
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(20,000)
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—
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(20,000
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)
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Net Loss
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$
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(66,192
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)
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$
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(1,162
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)
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$
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(92,444
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)
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Basic and Diluted loss per
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Share
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$
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(0.00
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)
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$
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(0.00)
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Weighted Average Shares
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||||||||||||
Outstanding (1)
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47,900,000
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204,000,000
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(1)
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Reflects the 17:1 forward stock split completed on March 25, 2011.
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Cumulative
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||||||||||||
Since
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April 21, 2010
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For the Three Months Ended
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(Inception) to
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July 31,
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July 31,
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July 31,
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2011
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2010
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2011
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CASH FLOWS FROM OPERATING ACTIVITIES
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Net Loss
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$
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(66,192
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)
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$
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(1,162
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)
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$
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(92,444
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)
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Adjustments to Reconcile Net Loss to Net
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Cash Used in Operating Activities
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Write-down of Mineral Property Acquisition Costs
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20,000
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—
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20,000
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Change in Operating Assets and Liabilities
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(Increase) Decrease in Prepaid Expenses
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(2,120)
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—
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(2,120
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)
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Increase (Decrease) in Accounts Payable and Accrued Liabilities
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1,085
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(2,950
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)
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6,961
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Net Cash Used in Operating Activities
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(47,227
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)
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(4,112
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)
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(67,603
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)
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CASH FLOWS FROM INVESTING ACTIVITIES
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Mineral Property Acquisition Costs
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(20,000
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)
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—
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(20,000
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)
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Net Cash Used in Investing Activities
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(20,000
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)
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—
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(20,000
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)
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CASH FLOWS FROM FINANCING ACTIVITIES
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Proceeds from Sale of Common Stock
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350,000
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—
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371,000
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Net Cash Provided by Financing Activities
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350,000
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—
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371,000
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Net (Decrease) Increase in
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Cash and Cash Equivalents
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282,773
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(4,112
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)
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283,397
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Cash and Cash Equivalents
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at Beginning of Period
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624
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8,992
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—
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Cash and Cash Equivalents
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at End of Period
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$
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283,397
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$
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4,880
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$
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283,397
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Cumulative
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Since
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For the Three Months Ended
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April 21, 2010
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July 31,
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July 31,
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(Inception) to
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2011
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2010
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July 31, 2011
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SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
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Cash paid during the year for:
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Interest
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$ | — | $ | — | $ | — | ||||||
Income taxes
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$ | — | $ | — | $ | — |
•
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Level one — inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities;
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•
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Level two — inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals; and
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•
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Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
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Property
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Work
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Payments
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Expenditures
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Upon Execution of the Agreement
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$
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20,000
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$
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-
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By May 1, 2012
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20,000
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200,000
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By May 1, 2013
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60,000
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200,000
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By May 1, 2014
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45,000
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200,000
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By May 1, 2015
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60,000
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250,000
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By May 1, 2016
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70,000
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250,000
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By May 1, 2017
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80,000
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300,000
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||
By May 1, 2018
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90,000
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300,000
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||
By May 1, 2019
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100,000
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350,000
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By May 1, 2020
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100,000
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400,000
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By May 1, 2021
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250,000
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750,000
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$
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895,000
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$
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3,200,000
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Amount ($)
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||||
Annual claim fees – 2011
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10,000 | |||
Field work and permit preparation
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72,800 | |||
Option payment – May 2012
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20,000 | |||
102,800 |
Date: September 7, 2011
GRIZZLY GOLD CORP.
By: /s/ Paul Strobel
Paul Strobel
President, Chief Executive
Officer, and Treasurer
(Principal Executive, Financial, and Accounting Officer)
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/s/ Paul Strobel
----------------------
Paul Strobel, President,
Chief Executive Officer,
and Treasurer
(Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)
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Date: September 7, 2011
/s/ Paul Strobel
---------------------
Paul Strobel
President, Chief Executive Officer,
and Treasurer
(Principal Executive Officer,
Principal Financial Officer, and Principal Accounting Officer)
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BALANCE SHEETS (Parenthetical) (USD $)
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Jul. 31, 2011
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Apr. 30, 2011
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---|---|---|
Common Stock, Par Value | $ 0.0001 | $ 0.0001 |
Authorized shares | 300,000,000 | 300,000,000 |
Shares issued | 47,900,000 | 44,400,000 |
STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 15 Months Ended | |
---|---|---|---|
Jul. 31, 2011
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Jul. 31, 2010
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Jul. 31, 2011
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|
Revenues | $ 0 | $ 0 | $ 0 |
Cost of Revenues | 0 | 0 | 0 |
Gross Margin | 0 | 0 | 0 |
Expenses | Â | Â | Â |
Mineral Property Exploration Expenditures | 21,396 | 0 | 24,620 |
General and Administrative | 24,796 | 1,162 | 47,824 |
Net Loss from Operations | (46,192) | (1,162) | (72,444) |
Other Income (Expense) | Â | Â | Â |
Interest | 0 | 0 | 0 |
Net Other Income (Expense) | 0 | 0 | 0 |
Write-down of Mineral Property Acquisition Payments | (20,000) | 0 | (20,000) |
Net Loss | $ (66,192) | $ (1,162) | $ (92,444) |
Basic and Diluted loss per Share | $ 0.00 | $ 0.00 | Â |
Weighted Average Shares Outstanding (1) | 47,900,000 | 204,000,000 | Â |
Document and Entity Information
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3 Months Ended | |
---|---|---|
Jul. 31, 2011
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Sep. 07, 2011
|
|
Document and Entity Information [Abstract] | Â | Â |
Document Type | 10-Q | Â |
Amendment Flag | false | Â |
Document Period End Date | Jul. 31, 2011 | |
Document Fiscal Year Focus | 2012 | Â |
Document Fiscal Period Focus | Q1 | Â |
Entity Registrant Name | GRIZZLY GOLD CORP. | Â |
Entity Central Index Key | 0001492541 | Â |
Current Fiscal Year End Date | --04-30 | Â |
Entity Filer Category | Smaller Reporting Company | Â |
Entity Common Stock, Shares Outstanding | Â | 47,900,000 |
Entity Well-known Seasoned Issuer | No | Â |
Entity Voluntary Filers | No | Â |
Entity Current Reporting Status | Yes | Â |
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- COMMON STOCK TRANSACTIONS
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3 Months Ended |
---|---|
Jul. 31, 2011
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- COMMON STOCK TRANSACTIONS | NOTE 3 – COMMON STOCK TRANSACTIONS
On May 1, 2011 the Company closed a private placement of 3,500,000 common shares at $0.10 per share for a total offering price of $350,000. The common shares were offered by the Registrant pursuant to an exemption from registration under Regulation S of the Securities Act of 1933, as amended. The private placement was fully subscribed to by five non-U.S. persons.
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- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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3 Months Ended |
---|---|
Jul. 31, 2011
|
|
- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of accounting policies for Grizzly Gold Corp. (formerly BCS Solutions, Inc.) (a development stage company) is presented to assist in understanding the Company’s financial statements. The accompanying financial statements have been prepared in U.S. dollars and in accordance with accounting principles generally accepted in the United States on a going concern basis.
Organization
Grizzly Gold Corp. (formerly BCS Solutions, Inc.) (a development stage company) (the "Company") was incorporated in the State of Florida on April 21, 2010. The Company was formed to offer small and medium-sized businesses services that reduced invoicing expenses, sped up receipt of monies, and allowed authorization and recovery of paper drafts. The company intended to provide instant cash flow for small and medium-sized businesses and reduced expenses associated with invoicing with services that included pre-authorized checking, electronic payments, electronic check conversion, electronic check recovery, and telephone checks.
On March 14, 2011 the Board of Directors and majority shareholder of the Company approved a 17 for one forward stock split of our issued and outstanding common stock. The forward stock split was distributed to all shareholders of record on March 25, 2011. No cash was paid or distributed as a result of the forward stock split and no fractional shares were issued. All fractional shares which would otherwise be required to be issued as a result of the stock split were rounded up to the nearest whole share. There was no change in the par value of our common stock. All references to share and per share amounts have been restated in these financial statements to reflect the split.
On April 5, 2011, the Company’s majority shareholder returned 180,000,000 common shares to the Company for cancellation. The shares were returned for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation, the Company had 44,400,000 shares issued and outstanding which was a number that the majority shareholder who was also at that time a director of the Company, considered more in line with the Company’s business plans. Following the share cancellation, the majority shareholder owned 24,000,000 common shares, or 54.05%, of the remaining 44,400,000 issued and outstanding common shares of the Company at that time.
Also on April 5, 2011, the principal shareholder of the Company entered into a Stock Purchase Agreement which provided for the sale of his remaining 24,000,000 shares of common stock of the Company to Jeoffrey Avancena. In connection with the share acquisition, Mr. Avancena was appointed Secretary and Director of the Company and the Board of Directors of the Company elected Mr. Paul Strobel as President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Treasurer and a director of the Company.
On July 8, 2011 our Board of Directors, and on July 5, 2011 our shareholders, approved the change of our name from BCS Solutions, Inc. to Grizzly Gold Corp. Also on July 5, 2011, the shareholders approved a proposal to change the Company’s state of incorporation from Florida to Nevada by the merger of BCS Solutions, Inc. with and into its wholly-owned subsidiary, Grizzly Gold Corp., a Nevada corporation. The change of name and jurisdiction became effective on August 1, 2011.
Nature of Operations
The Company is in the development stage and has no products or services as of July 31, 2011. We are currently a development stage company as defined by the U.S. Securities and Exchange Commission (“SEC”) and we are in the business of exploring and if warranted, advancing certain unpatented Nevada mineral claims to the discovery point where we believe maximum shareholder returns can be realized.
Interim Reporting
The unaudited financial information furnished herein reflects all adjustments, which in the opinion of management are necessary to fairly state the financial position of Grizzly Gold Corp. and the results of its operations for the periods presented. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended April 30, 2011. The Company assumes that the users of the interim financial information herein have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s Form 10-K for the fiscal year ended April 30, 2011 has been omitted. The results of operations for the three-month period ended July 31, 2011 is not necessary indicative of results for the entire year ending April 30, 2012.
Going Concern
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred a net loss of $92,444 for the period from April 21, 2010 (inception) to July 31, 2011, and has no sales. The future of the Company is dependent upon its ability to obtain future financing and upon future profitable operations from the development of its mineral property. The Company expects that it will need approximately $145,400 to fund its operations during the next twelve months which will include property option payments, exploration of its property as well as the costs associated with maintaining an office. The Company completed a financing on May 1, 2011 for total proceeds of $350,000. The cash received from this financing is sufficient to fund its planned operations for the next twelve months. However, in order to develop its property in the future, the Company will need to obtain additional financing. Management plans to seek additional capital through private placements and public offerings of its common stock. Although there are no assurances that management’s plans will be realized, management currently believes that the Company will be able to continue operations in the future.
If the Company were unable to continue as a “going concern”, then substantial adjustments would be necessary to the carrying values of assets, the reported amounts of its liabilities, the reported expenses, and the balance sheet classifications used.
Summary of Significant Accounting Policies
Management’s Estimates and Assumptions
The preparation of financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and notes. Significant areas requiring the use of estimates relate to the write-down of mineral property acquisition costs and accrued liabilities. Management believes the estimates utilized in preparing these financial statements are reasonable and prudent and are based on management’s best knowledge of current events and actions the Company may undertake in the future. Actual results could differ significantly from those estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. Reclassifications Certain reclassifications have been made in the financial statements for the period ended July 31, 2010 to conform to accounting and financial statement presentation for the period ended July 31, 2011. Foreign Currency The Company’s functional currency is the U.S. dollar and to date has undertaken the majority of its transactions in U.S. dollars. Any transaction gains and losses that may take place will be included in the statement of operations as they occur. Concentration of Credit Risk The Company has no off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains all of its cash balances with one financial institution in the form of a demand deposit. Loss per Share Net income (loss) per share is computed by dividing the net income by the weighted average number of shares outstanding during the period. As of July 31, 2011 the company does not have any outstanding common stock options or warrants. Comprehensive Income The Company has adopted SFAS No. 130, “Reporting Comprehensive Income”, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company has disclosed this information on its Statement of Operations. Comprehensive income is comprised of net income (loss) and all changes to capital deficit except those resulting from investments by owners and distribution to owners. Property Holding Costs Holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. These costs include security and maintenance expenses, lease and claim fees payments, and environmental monitoring and reporting costs. Exploration and Development Costs Mineral property interests include optioned and acquired mineral development and exploration stage properties. The amount capitalized related to a mineral property interest represents its fair value at the time it was optioned or acquired, either as an individual asset or as a part of a business combination. The value of such assets is primarily driven by the nature and amount of mineralized material believed to be contained in such properties. Exploration costs are expensed as incurred and development costs are capitalized if proven and probable reserves exist and the property is a commercially minable property. Mine development costs incurred either to develop new ore deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mineral interests costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value. Income Taxes The Company adopted FASB ASC 740, Income Taxes, at its inception deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. No deferred tax assets or liabilities were recognized as of July 31, 2011. Fair Value of Financial Instruments
The book values of cash, prepaid expenses, and accounts payable and accrued liabilities approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:
• Level one — inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities;
• Level two — inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals; and
• Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.
|
- RELATED PARTY TRANSACTIONS
|
3 Months Ended |
---|---|
Jul. 31, 2011
|
|
- RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS Commencing April 5, 2011, the Company began paying one of its directors $500 per month to serve on its Board of Directors. The payments are made quarterly in advance. The total amount paid to the Directors for the three-months ended July 31, 2011 was $1,500 (2010 - $0). The Company also has a consulting agreement with its principal executive officer to provide a variety of services including planning and conducting its exploration programs, assisting with the identification and assessment of properties for potential acquisition or option by the Company, and for geological and administrative services provided to the Company. The Company paid $7,324 for fees and reimbursement of expenses under this agreement for the quarter ended July 31, 2011 (2010 - $0).
|
- MINERAL EXPLORATION PROPERTY
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 31, 2011
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- MINERAL EXPLORATION PROPERTY | NOTE 2 – MINERAL EXPLORATION PROPERTY
LB/Vixen Property Acquisition
On May 1, 2011, the Company executed a property option agreement (the “Agreement”) with Nevada Mine Properties II, Inc. (“NMP”) granting the Company the right to acquire 100% of the mining interests of a Nevada mineral exploration property currently controlled by NMP, a natural resource exploration company. The property known as the LB/Vixen Property is located in Humboldt County, Nevada and currently consists of 30 unpatented claims (the ‘Property”). Annual option payments and minimum annual exploration expenditures under Agreement are as noted below:
LB/Vixen Property Acquisition (Continued)
Upon execution of the Agreement, we paid NMP $20,000 and reimbursed them $7,065 in claim fees and property holding costs. As a result of the LB/Vixen property not containing any known resources or reserves, the Company has written down its property option payment of $20,000 in the statements of operations and comprehensive loss at July 31, 2011.
Since our payment obligations are non-refundable, if we do not make any payments under the Agreement we will lose any payments made and all our rights to the Property. If all said payments under the Agreement are made, then we will acquire all mining interests in the Property. If the Company fails to make any payment when due, the Agreement gives the Company a 60-day grace period to pay the amount of the deficiency. NMP retained a 3% royalty of the aggregate proceeds received by the Company from any smelter or other purchaser of any ores, concentrates, metals or other material of commercial value produced from the Property, minus the cost of transportation of the ores, concentrates or metals, including related insurance, and smelting and refining charges, including penalties.
The Company shall have the one time right exercisable for 90 days following completion of a bankable feasibility study to buy up to two thirds (66.7%) of NMP’s royalty (i.e. an amount equal to 2% of the royalty) for $3,000,000.
Both the Company and NMP have the right to assign, sell, mortgage or pledge their rights in each respective Agreement or on each respective Property. In addition, any mineral interests staked, located, granted or acquired by either the Company or NMP which are located within a 1 mile radius of the Property will be included in the option granted to the Company. The Agreement will terminate if the Company fails to comply with any of its obligations in the Agreement and fails to cure such alleged breach. If the Company gives notice that it denies a default has occurred, the matter shall be determined finally through such means of dispute resolution as such matter has been subjected to by either party. The Agreement provides that all disputes shall be resolved by a sole arbitrator under the rules of the Arbitration Act of Nevada. The Company also has the right to terminate the Agreement by giving notice to NMP.
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BALANCE SHEETS (Unaudited) (USD $)
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Jul. 31, 2011
|
Apr. 30, 2011
|
---|---|---|
Current Assets | Â | Â |
Cash | $ 283,397 | $ 624 |
Prepaid Expenses | 2,120 | 0 |
Total Current Assets | 285,517 | 624 |
Total Assets | 285,517 | 624 |
Current Liabilities | Â | Â |
Accounts Payable and Accrued Liabilities | 6,961 | 5,876 |
Total Current Liabilities | 6,961 | 5,876 |
Stockholders’ Equity (Deficit) |  |  |
Common Stock, Par Value $.0001 Authorized 300,000,000 shares, 47,900,000 shares issued and outstanding at July 31, 2011 (April 30, 2011 - 44,400,000) | 4,790 | 4,440 |
Additional Paid-In Capital | 366,210 | 16,560 |
Deficit Accumulated During the Development Stage | (92,444) | (26,252) |
Total Stockholders’ Equity (Deficit) | 278,556 | (5,252) |
Total Liabilities and Stockholders’ Equity | $ 285,517 | $ 624 |