-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B0su6wOptjupCum7mf47WcHZItUQZkBiW8fTOXZSTvuLhsJDQ/XRoUPP/g1IA7CN c+leSHCeHFA3oVmjjwQCHg== 0001062993-02-000638.txt : 20021129 0001062993-02-000638.hdr.sgml : 20021128 20021129100101 ACCESSION NUMBER: 0001062993-02-000638 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021129 FILED AS OF DATE: 20021129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL GEMINI TECHNOLOGY INC CENTRAL INDEX KEY: 0000795800 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14740 FILM NUMBER: 02844515 BUSINESS ADDRESS: STREET 1: #106 - 1008 BEACH AVE CITY: VANCOUVER BC CANADA STATE: A1 ZIP: V6E 1T7 6-K 1 form6k.htm form6k

FORM 6-K
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

     Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of ____November_______________ , 20_02    

Commission File Number _____0-14740 _____________________________________

INTERNATIONAL GEMINI TECHNOLOGY INC.
(Translation of registrant's name into English)

#208 – 828 Harbourside Drive, N. Vancouver, BC Canada V7P 3R9
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    X      Form 40-F ______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes    X      No _____

 


 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______

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.

     ___INTERNATIONAL GEMINI TECHNOLOGY INC.___                                                            
(Registrant)                                                                                                          

 
By:
         /s/____Douglas E. Ford                  _
   
                     (Signature)*
Date__    November 28, 2002                  
 
         Douglas E. Ford, Director
* Print the name and title of the signing officer under his signature.    

 


Form 6-K

Summary

International Gemini Technology Inc has filed the exhibits with the applicable Canadian securities regulators and the Company’s shareholders that appear on its Supplemental List of Shareholders. The exhibits make-up the Company’s quarterly report to shareholders for the nine-month period ended September 30, 2002.

Exhibits

        1.         Cover letter dated November 28, 2002;
 
        2.         BC Form 51-901F;
 
        3.         Schedule A to BC Form 51-901F;
 
        4.         Schedule B to BC Form 51-901F; and
 
        5.         Schedule C to BC Form 51-901F.

 


INTERNATIONAL GEMINI TECHNOLOGY INC.
#208 – 828 Harbourside Drive
North Vancouver, British Columbia V7P 3R9
Telephone: (604) 904-8481 Facsimile: (604) 904-9431

November 28, 2002

British Columbia Securities Commission Ontario Securities Commission
PO Box 10142, Pacific Centre Suite 1903, Box 55
701 West Georgia Street 20 Queen Street West
Vancouver, BC V7Y 1L2 Toronto, ON M5H 3S8
   
   
Office of International Corporate Finance  
Securities and Exchange Commission  
450 Fifth Street NW, Mail Stop 3-7  
Washington, DC 20549  

RE: Interim Financial Statements – September 30, 2002

Dear Sirs/Madams:

Enclosed is one copy of the Company’s quarterly financial statements and supplementary information, for the nine-month period ended September 30, 2002, as mailed today to those individuals that appear on the Company’s Supplemental Mailing List.

Yours truly,

INTERNATIONAL GEMINI TECHNOLOGY INC.

“Signed”

Martin Schultz
Secretary

MS:kls
Enclosures

 


 

British Columbia Securities Commission
Quarterly and Year End Report
BC Form 51-901F

(previously Form 61)


ISSUER DETAILS
NAME OF ISSUER



International Gemini Technology Inc.


FOR QUARTER ENDED



September 30, 2002
DATE OF REPORT
YY/MM/DD



02/11/28
ISSUER’S ADDRESS              


#208 – 828 Harbourside Drive


CITY                                                    PROVINCE




North Vancouver                               BC

POSTAL CODE




V7P 3R9
ISSUER FAX NO.




604-904-9431
ISSUER TELEPHONE NO.




604-904-8481
CONTACT NAME     





Martin Schultz


CONTACT POSITION  





Director
 
CONTACT TELEPHONE NO.




604-904-8481
CONTACT EMAIL ADDRESS    



N/A


WEBSITE ADDRESS



N/A
CERTIFICATE  
The three schedules required to complete this Report are attached and the disclosure contained therein has been approved by the Board of Directors. A copy of this Report will be provided to any shareholder who requests it. 
   DIRECTOR’S SIGNATURE



    
›  “Signed”

PRINT FULL NAME 



Douglas E. Ford
 
DATE SIGNED
YY/MM/DD


02/11/28
   DIRECTOR’S SIGNATURE



   
›  “Signed”

PRINT FULL NAME 



Martin Schultz
  
DATE SIGNED 
YY/MM/DD


02/11/28

 


             
             
             
INTERNATIONAL GEMINI TECHNOLOGY INC.        
Schedule A
Consolidated Balance Sheet            
Prepared by management (unaudited)            
             
   
September 30, 2002
Dec 31, 2001
 
ASSETS            
             
Current assets            
             Cash $ 1,131   $ 1,313  
             Accounts receivable   86,466     87,654  
             Investments   46,024     46,024  
   
   
 
             
  $ 133,621   $ 134,991  
         
             
LIABILITIES AND SHAREHOLDERS' EQUITY            
             
Current Liabilities            
             Accounts payable and accrued liabilities $ 80,538   $ 25,149  
   
   
 
             
Shareholders' equity            
             Share capital - common $ 12,660,559   $ 12,660,559  
             Share capital - preferred   604,724     604,724  
             Contributed surplus   53,344     53,344  
             Deficit   (13,265,544 )   (13,208,785 )
   
   
 
             
    53,083     109,842  
             
  $ 133,621   $ 134,991  
         

Approved by the Directors:

 

"Signed"                                        
Martin Schultz

"Signed"                                        
Douglas E. Ford

 


         
         
INTERNATIONAL GEMINI TECHNOLOGY INC.    
Schedule A
 
Consolidated Statement of Income and Deficit                      
Prepared by management (unaudited)                        
                         
   
Three Months Ended
Three Months Ended
Nine Months Ended
Nine Months Ended
 
   
September 30, 2002
September 30, 2001
September 30, 2002
September 30, 2001
 
                         
Revenue $     $ 0   $ -   $ 11,349  
                         
Expenses                        
   General and administrative  
9,806
    4,430     56,758     17,831  
   
   
   
   
 
                         
Income (loss) for the period   (9,806 )   (4,430 )   (56,758 )   (6,482 )
   
   
   
   
 
                         
Deficit, beginning of period   13,255,738     13,187,632     (13,208,785 )   13,185,580  
   
   
   
   
 
                         
Deficit, endof period $ 13,265,544   $ 13,192,062   $ (13,265,543 ) $ 13,192,062  
                 
                         
Earnings per share   0     0     0     0  
                 
                         
Fully diluted earnings per share   0     0     0     0  
                 
                         
                         

                         
                         
INTERNATIONAL GEMINI TECHNOLOGY INC.                
Schedule A
 
Consolidated Statement of Cash Flow                        
Prepared by management (unaudited)                        
                         
   
Three Months Ended
Three Months Ended
Nine Months Ended
Nine Months Ended
 
   
September 30, 2002
September 30, 2001
September 30, 2002
September 30, 2001
 
Operating Activities                        
   Net income for period $ (9,806 ) $ (4,501 ) $ (56,758 ) $ (6,482 )
                         
Deduct items not involving a current cash receipt                        
   Changes in non-cash working capital balances   11,260     (43,500 )   56,577     (116,825 )
   
   
   
   
 
                         
Net cash increase (decrease) in period   1,454     (48,001 )   (182 )   (123,307 )
   
   
   
   
 
                         
Cash position, beginning of period   (323 )   54,816     1,313     130,121  
   
   
   
   
 
                         
Cash position, end of period $ 1,131   $ 6,815   $ 1,131   $ 6,814  
                 
                         
                         

Schedule B
Page 1 of 2

International Gemini Technology Inc.
Notes to the Financial Statements
September 30, 2002



1 .
Continuing Operations
     
    The Company’s ability to continue as a going concern is subject to obtaining financing and achieving profitable operations.
     
2 .
Significant Accounting Policies
     
    These financial statements have been prepared in accordance with accounting principles generally accepted in Canada, which conform in all material respects with those in the United States.
     
3 .
Financial Instruments
     
    The Company’s financial instruments consist of cash, accounts receivable, accounts payable and accrued liabilities. It is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments .The fair value of these financial instruments approximates their carrying values.
     
4 .
Related Party Transactions
     
    During the period ended September 30, 2002, a company in which a director has an interest charged the Company $50,500 (2001: $ 4,500, 2000 :$ 4,500) for rent and management fees. The unpaid portion of these amounts, plus additional advances and other amounts due to directors, aggregating $80,894 (2001: $41,928, 2000: $57,861) is included in accounts payable and accrued liabilities at September 30, 2002.
     
5 .
Share Capital
     
    a) The authorized capital of the Company comprises 100,000,000 Common shares without par value and 100,000,000 Series 1 Convertible Preferred shares without par value. The rights and restrictions of the Preferred shares are as follows
     
      i) dividends shall be paid at the discretion of the directors;
     
   
ii) the holders of the Preferred shares are not entitled to vote except at meetings of the holders of the Preferred shares, where they are entitled to one vote for each Preferred Share held;
     
      iii) the shares are convertible at any time; and
     
      iv) the number of the Common shares to be received on conversion of the Preferred shares is to be determined by dividing the conversion value of the share, $1 per share, by $0.45.

 


Schedule B
Page 2 of 2

   
b)
The share capital is as follows:
         
     
         
     
i)           Common shares
         
         September 30, 2002    September 30, 2001
         
   
        Shares $   Shares
$
       

 

                 
                   Balance, end of period 8,323,119 12,660,559  
8,323,119
12,660,559
         
                 
      ii)          Preferred shares          
       
September 30, 2002
 
September 30, 2001
         
   
        Shares $   Shares
$
       

 

                 
                   Balance, end of period 604,724 604,724  
604,724
604,724
         
                 
   
c)
During the period nil common shares were issued and nil preferred shares were issued;
    d) Nil stock options are outstanding.
                 
6 .
Directors & Officers
         
                 
    Edward Dolejsi, President & Director          
    Edward D. Ford, Vice-President & Director          
    Martin Schultz, Secretary & Director          
    John D. Stanton, Director          
    Douglas E. Ford, Director          
               
               

SCHEDULE C

International Gemini Technology Inc. is essentially an inactive company in search of a viable and fundable business/project/ opportunity. Its original business disappeared concurrent with its much earlier reorganization pursuant to Proposal under Canada’s Bankruptcy and Insolvency Act. It has no ongoing activity, and it’s board of directors, who all have other responsibilities, conduct the Company’s affairs.

Accordingly management’s attention is focused in two areas. One is searching for credible opportunities, and conducting such due diligence on each opportunity’s viability and ability to attract capital as the individual circumstances warrant. During the 9 months ended September 30, 2002 management reviewed several projects, most of which proved unsuitable and/or unlikely to attract capital. This was due to a combination of continuing unrealistic valuations, and an oversupply of technology projects, and uncertainty in capital markets. One situation continues to be monitored.

The other area of focus is to ensure compliance with all of the relevant regulatory authorities. The 9 months ended September 30, 2002 concentrated on finalizing the audit for the previous fiscal year, and organizing the necessary regulatory filings for the previous fiscal, including filing form 20-F with the SEC in the United States. Related was the preparation and distribution of the necessary shareholder information preparatory to the annual general meeting also conducted in this quarter.

The financial statements speak for themselves. International Gemini Technology Inc. has no significant financial resources. It depends on the time and attention its directors can devote to it, and this time must be taken away from their other activities. When it is successful in securing a viable project, success is far from certain. The project will undoubtedly require financing, and the current state of the capital markets and the general economy is uncertain at best. The duration of this period of uncertainty is also not known.

In the absence of a specific project, no attempts have been made to raise even modest amounts of working capital. If this had been attempted its outcome was uncertain. Also uncertain is whether success would have materially altered International Gemini Technology Inc.’s current situation. Accordingly, activities except as related to project identification and regulatory compliance will be avoided.

 


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