Attached files
| file | filename |
|---|---|
| 10-Q/A - WESTMONT RESOURCES INC. | westm_10qa.htm |
| EX-31.2 - WESTMONT RESOURCES INC. | westm_ex31-2.htm |
| EX-31.1 - WESTMONT RESOURCES INC. | westm_ex31-1.htm |
| EX-21.1 - WESTMONT RESOURCES INC. | westm_ex21-1.htm |
| EX-32.2 - WESTMONT RESOURCES INC. | westm_ex32-2.htm |
| EX-32.1 - WESTMONT RESOURCES INC. | westm_ex32-1.htm |
WESTMONT RESOURCES INC
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT
FOR THE PERIOD FROM INCEPTION ON NOVEMBER 16, 2004 TO AUGUST 31, 2010
(AN EXPLORATION STAGE COMPANY)
|
Date
|
Number of Preferred Shares
|
Par Value of Preferred Shares
|
Number of Common Shares
|
Par Value of Common Shares
|
Additional Paid -in Capital
|
Share Subscription Receivables
|
Surplus/(Deficit) Accumulated During the Exploration Phase
|
Total Stockholders Equity / (Deficit)
|
|||||||||||||||||||||||||
| 0.001 | 0.001 | ||||||||||||||||||||||||||||||||
|
Balance – November 16, 2004 (Date of Inception)
|
17-Nov-04
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||
|
Common stock issued for cash at $0.001 per share
|
18-Nov-04
|
- | - | 110,000 | 110 | 5,390 | - | - | 5,500 | ||||||||||||||||||||||||
|
Share subscriptions received
|
16-Mar-04
|
- | - | - | - | - | 10,700 | - | 10,700 | ||||||||||||||||||||||||
|
Net loss for the period
|
1-Jun-04
|
- | - | - | - | - | - | (4,515 | ) | (4,515 | ) | ||||||||||||||||||||||
|
Balance – May 31, 2005
|
1-Jun-05
|
- | - | 110,000 | 110 | 5,390 | 10,700 | (4,515 | ) | 11,685 | |||||||||||||||||||||||
|
Common stock issued for cash at $0.02 per share
|
16-Aug-05
|
- | - | 76,660 | 77 | 76,583 | - | - | 76,660 | ||||||||||||||||||||||||
|
Subscriptions receivable
|
16-Sep-05
|
- | - | - | - | - | (10,700 | ) | - | (10,700 | ) | ||||||||||||||||||||||
|
Net loss for the year
|
1-Jun-05
|
- | - | - | - | - | - | (16,226 | ) | (16,226 | ) | ||||||||||||||||||||||
|
Balance – May 31, 2006
|
1-Jun-06
|
- | - | 186,660 | 187 | 81,973 | - | (20,741 | ) | 61,419 | |||||||||||||||||||||||
|
Net loss for the year
|
1-Jun-06
|
- | - | - | - | - | - | (40,353 | ) | (40,353 | ) | ||||||||||||||||||||||
|
Balance – May 31, 2007
|
1-Jun-07
|
- | - | 186,660 | 187 | 81,973 | - | (61,094 | ) | 21,066 | |||||||||||||||||||||||
|
Net loss for the year
|
1-Jun-07
|
- | - | - | - | - | - | (60,832 | ) | (60,832 | ) | ||||||||||||||||||||||
|
Balance – May 31, 2008
|
1-Jun-08
|
- | - | 186,660 | 187 | 81,973 | - | (121,926 | ) | (39,766 | ) | ||||||||||||||||||||||
|
Common stock issued for services at $0.001 per share
|
22-Nov-08
|
- | - | 340,000 | 340 | 16,660 | - | - | 17,000 | ||||||||||||||||||||||||
|
Common stock issued for Avalon International services at $0.001 per share
|
22-Nov-08
|
- | - | 450,000 | 450 | 22,050 | - | - | 22,500 | ||||||||||||||||||||||||
|
Common stock issued for partial conversion of debt
|
7-Feb-09
|
- | - | 40,000 | 40 | 30,041 | - | - | 30,081 | ||||||||||||||||||||||||
|
Convertible preferred stock issued for services at $0.001 per share
|
17-Feb-09
|
60,000 | 60 | - | - | 2,940 | - | - | 3,000 | ||||||||||||||||||||||||
|
Beneficial conversion feature for convertible preferred stock
|
17-Feb-09
|
- | - | - | - | 3,000 | - | - | 3,000 | ||||||||||||||||||||||||
|
Deemed dividend for preferred shares
|
17-Feb-09
|
- | - | - | - | (3,000 | ) | - | - | (3,000 | ) | ||||||||||||||||||||||
|
Common stock issued for acquisition of Get2Networks, Inc. at $0.001 per share
|
2-Mar-09
|
- | - | 866,000 | 866 | 42,434 | - | - | 43,300 | ||||||||||||||||||||||||
|
Common stock issued for partial conversion of debt
|
21-May-09
|
- | - | 50,000 | 50 | 35,500 | - | - | 35,550 | ||||||||||||||||||||||||
|
Net loss for the year
|
1-Jun-09
|
- | - | - | - | - | - | (546,925 | ) | (546,925 | ) | ||||||||||||||||||||||
|
Balance – May 31, 2009
|
1-Jun-09
|
60,000 | 60 | 1,932,660 | 1,933 | 231,598 | - | (668,851 | ) | (435,260 | ) | ||||||||||||||||||||||
|
Convertible preferred stock issued for services at $0.001 per share
|
26-Oct-09
|
30,000 | 30 | - | 1,470 | - | - | 1,500 | |||||||||||||||||||||||||
|
Common stock issued for service at $0.001 per share
|
1-Dec-09
|
2,000,000 | 2,000 | - | - | - | 2,000 | ||||||||||||||||||||||||||
|
preferred stock issued for services at $0.001 per share
|
11-May-10
|
40,000 | 40 | - | - | - | 40 | ||||||||||||||||||||||||||
|
Common stock issued for service at $0.001 per share
|
11-May-10
|
30,000,000 | 30,000 | - | - | - | 30,000 | ||||||||||||||||||||||||||
|
Common stock cancelled for sale of G2N
|
11-May-10
|
(433,000 | ) | (433 | ) | 433 | - | ||||||||||||||||||||||||||
|
Preferred stock cancelled for sale of G2N
|
11-May-10
|
(30,000 | ) | (30 | ) | 30 | - | ||||||||||||||||||||||||||
|
Shares issued for conversion of debt
|
15-May-10
|
20,000,000 | 20,000 | - | - | - | 20,000 | ||||||||||||||||||||||||||
|
Net loss for the year
|
1-Jun-10
|
- | - | - | - | - | - | (447,113 | ) | (447,113 | ) | ||||||||||||||||||||||
|
Balance – August 31, 2010
|
1-Jun-10
|
100,000 | 100 | 53,499,660 | 53,500 | 233,531 | - | (1,115,964 | ) | (828,833 | ) | ||||||||||||||||||||||
|
Net loss for the year
|
1-Sep-10
|
- | - | - | - | - | - | (39,129 | ) | ||||||||||||||||||||||||
|
Balance – August 31, 2010
|
1-Sep-10
|
100,000 | 100 | 53,499,660 | 53,500 | 233,531 | - | (1,115,964 | ) | (867,962 | ) | ||||||||||||||||||||||
WESTMONT RESOURCES INC
SECURITY OWNERSHIP
INSIDERS AND AFFILIATES AS OF AUGUST 31, 2010
(AN EXPLORATION STAGE COMPANY)
|
Title of Class
|
Name and Address of Beneficial Owner
|
Amount of Beneficial Ownership
|
Nature of Beneficial Ownership
|
Percent of Class
|
Ownership based on Shareholder
|
Percent of Voting Rights
|
|||||||||
|
COMMON STOCK
|
|||||||||||||||
|
Common
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
22,312,652 |
Indirect
|
41.37 | % |
F&M Inc
|
29.86 | % | |||||||
|
Common
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
1,174,350 |
Indirect
|
2.18 | % |
F&M Inc
|
1.57 | % | |||||||
|
Common
|
Amandip Japal
900 - 555 Burrard Street, Vancouver BC V7X 1M9 Canada
|
2,609,666 |
Indirect
|
4.84 | % |
0692545 BC LTD
|
3.49 | % | |||||||
|
Common
|
Jeffery T. Wing, Trustee
#503, 1155 Robson St, Vancouver, BC V6E 1B5 Canada
|
2,609,666 |
Indirect
|
4.84 | % |
Bogat Family Trust
|
3.49 | % | |||||||
|
Common
|
Harpreet Hayer
7641 - 145 street, Surrey BC V3S 9C4 Canada
|
2,609,666 |
Direct
|
4.84 | % |
Harpreet Hayer
|
3.49 | % | |||||||
|
Common
|
Andrew Jarvis
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
150,000 |
Direct
|
0.28 | % |
Andrew Jarvis
|
0.20 | % | |||||||
|
Common
|
Peter Lindhout
110 Wall Street, 11th Floor, New York, NY 10005
|
150,000 |
Direct
|
0.28 | % |
Peter Lindhout
|
0.20 | % | |||||||
|
Common
|
Javan King
110 Wall Street, 11th Floor, New York, NY 10005
|
150,000 |
Direct
|
0.28 | % |
Javan King
|
0.20 | % | |||||||
|
TOTAL PERCENTAGE OF VOTING RIGHTS OF COMMON INSIDERS AND AFFILIATES
|
42.51 | % | |||||||||||||
|
Title of Class
|
Name and Address of Beneficial Owner
|
Amount of Beneficial Ownership
|
Nature of Beneficial Ownership
|
Percent of Class
|
Ownership based on Shareholder
|
Percent of Voting Rights
|
|||||||||
|
Class A Preferred Stock
|
|||||||||||||||
|
Class A Preferred
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
95,000 |
Indirect
|
73.08 | % |
F&M Inc
|
20.34 | % | |||||||
|
Class A Preferred
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
5,000 |
Indirect
|
3.85 | % |
F&M Inc
|
1.07 | % | |||||||
|
Class A Preferred
|
Andrew Jarvis
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
10,000 |
Direct
|
7.69 | % |
Andrew Jarvis
|
2.14 | % | |||||||
|
Class A Preferred
|
Peter Lindhout
110 Wall Street, 11th Floor, New York, NY 10005
|
10,000 |
Direct
|
7.69 | % |
Peter Lindhout
|
2.14 | % | |||||||
|
Class A Preferred
|
Javan King
110 Wall Street, 11th Floor, New York, NY 10005
|
10,000 |
Direct
|
7.69 | % |
Javan King
|
2.14 | % | |||||||
|
TOTAL PERCENTAGE OF VOTING RIGHTS OF PREFERRED INSIDERS AND AFFILIATES
|
27.83 | % | |||||||||||||
WESTMONT RESOURCES INC
SECURITY OWNERSHIP
OFFICERS AND DIRECTORS AS OF AUGUST 31, 2010
(AN EXPLORATION STAGE COMPANY)
|
Title of Class
|
Name and Address of Beneficial Owner
|
Amount of Beneficial Ownership
|
Nature of Beneficial Ownership
|
Percent of Class
|
Ownership based on Shareholder
|
Percent of Voting Rights
|
|||||||||
|
Officers & Directors
|
#REF!
|
||||||||||||||
|
Common
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
22,312,652 |
Indirect
|
41.37 | % |
F&M Inc
|
29.86 | % | |||||||
|
Class A Preferred
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
95,000 |
Indirect
|
73.08 | % |
F&M Inc
|
20.34 | % | |||||||
|
Common
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
1,174,350 |
Indirect
|
2.18 | % |
F&M Inc
|
1.57 | % | |||||||
|
Class A Preferred
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
5,000 |
Indirect
|
3.85 | % |
F&M Inc
|
1.07 | % | |||||||
|
Common
|
Marcie Corbin - Director, Chief Financial Officer
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
- | 0.00 | % | 0.00 | % | |||||||||
|
Class A Preferred
|
Marcie Corbin - Director, Chief Financial Officer
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
- | 0.00 | % | 0.00 | % | |||||||||
|
TOTAL PERCENTAGE OF VOTING RIGHTS OF OFFICERS AND DIRECTORS
|
52.84 | % | |||||||||||||
WESTMONT RESOURCES INC
SECURITY OWNERSHIP
5% OWNERS AS OF AUGUST 31, 2010
(AN EXPLORATION STAGE COMPANY)
|
Title of Class
|
Name and Address of Owner
|
Name and Address of Beneficial Owner
|
Amount of Beneficial Ownership
|
Nature of Beneficial Ownership
|
Percent of Class
|
Ownership based on Shareholder
|
Percent of Voting Rights
|
|||||||||
|
5% Ownership Common Stock
|
|
|||||||||||||||
|
Common
|
F&M Inc
155 - 108th Ave NE, Suite 150
Bellevue WA 98004
|
23,487,002 |
Direct
|
43.55 | % | 31.43 | % | |||||||||
|
Common
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
22,312,652 |
Indirect
|
41.37 | % |
F&M Inc
|
||||||||||
|
Common
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
1,174,350 |
Indirect
|
2.18 | % |
F&M Inc
|
||||||||||
|
Common
|
The Brooklyn Group Inc
106 E Sixth Street, Suite 900
Austin, Texas 78701
|
The Brooklyn Group Inc
106 E Sixth Street, Suite 900
Austin, Texas 78701
|
2,790,000 |
Direct
|
5.17 | % | 3.73 | % | ||||||||
|
TOTAL PERCENTAGE OF VOTING RIGHTS OF COMMON 5% OWNERS
|
35.16 | % | ||||||||||||||
|
Title of Class
|
Name and Address of Beneficial Owner
|
Name and Address of Beneficial Owner
|
Amount of Beneficial Ownership
|
Nature of Beneficial Ownership
|
Percent of Class
|
Ownership based on Shareholder
|
Percent of Voting Rights
|
|||||||||
|
5% Ownership Class A Preferred Stock
|
||||||||||||||||
|
Class A Preferred
|
F&M Inc
155 - 108th Ave NE, Suite 150
Bellevue WA 98004
|
100,000 |
Direct
|
76.92 | % | 21.41 | % | |||||||||
|
Class A Preferred
|
Dr. Bruce Fischer - Managing Director and CEO
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
95,000 |
Indirect
|
73.08 | % |
F&M Inc
|
||||||||||
|
Class A Preferred
|
Glenn McQuiston - Director, President,
155 - 108th Ave NE, Suite 150, Bellevue WA 98004
|
5,000 |
Indirect
|
3.85 | % |
F&M Inc
|
||||||||||
|
Class A Preferred
|
Andrew Jarvis
155 - 108th Ave NE, Suite 150
Bellevue WA 98004
|
Andrew Jarvis
155 - 108th Ave NE, Suite 150
Bellevue WA 98004
|
10,000 |
Direct
|
7.69 | % |
Andrew Jarvis
|
2.14 | % | |||||||
|
Class A Preferred
|
Peter Lindhout
110 Wall Street, 11th Floor
New York, NY 10005
|
Peter Lindhout
110 Wall Street, 11th Floor
New York, NY 10005
|
10,000 |
Direct
|
7.69 | % |
Peter Lindhout
|
2.14 | % | |||||||
|
Class A Preferred
|
Javan King
110 Wall Street, 11th Floor
New York, NY 10005
|
Javan King
110 Wall Street, 11th Floor
New York, NY 10005
|
10,000 |
Direct
|
7.69 | % |
Javan King
|
2.14 | % | |||||||
|
TOTAL PERCENTAGE OF VOTING RIGHTS OF CLASS A PREFERRED INSIDERS AND AFFILIATES
|
27.83 | % | ||||||||||||||