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EX-32 - SOX SECTION 906 CERTIFICATION OF THE CEO & CFO - Riverdale Mining Inc.exhibit321.htm
EX-31 - SOX SECTION 302(A) CERTIFICATION OF THE CEO & CFO - Riverdale Mining Inc.exhibit311.htm

 

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 10-Q/A-1

 

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE QUARTERLY PERIOD ENDED June 30, 2011

 

 

 

OR

 

 

[   ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE TRANSITION PERIOD FROM _____________ TO _____________

 

Commission file number 000-53309

 

RIVERDALE MINING INC.
(Exact name of registrant as specified in its charter)

 

NEVADA

 

68-0672900

(State or other jurisdiction of incorporation or organization)

 

(IRS Employer Identification No.)

 

20 Carl Crescent
Toronto, Ontario
Canada M1W 3R2

 (Address of principal executive offices, including zip code.)

 

1-877-536-0333
(Registrant's telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [   ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 
Yes [   ]  No [   ]

 

 

 

 

 

 


 
 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer, “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated filer   

 

[   ]   

 

Accelerated filer   

 

[   ]   

Non-accelerated filer   

 

[   ]   

 

Smaller reporting company   

 

[X]   

(Do not check if a smaller reporting company) 

 

 

 

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  YES [X]   NO [   ]

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 7,000,000 as of August 12, 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 


 
 

 

EXPLANATORY NOTE

 

Our company is filing this Amendment No. 1 on Form 10-Q/A (the “Amendment”) to our quarterly report on Form 10-Q for the period ended June 30, 2011 (the “Form 10-Q”), filed with the Securities and Exchange Commission on August 15, 2011 (the “Original Filing Date”), to correct errors made on the statement of cash flows page, whereas the column heading for the three months ended June 30, 2010 has been properly reflected and to correct the total of net cash provided by financing activities for the three months ended June 30, 2011 of $11,092 instead of $31,092. Additionally, we are amending the original filing to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from our Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):

 

101.INS

XBRL Instance Document

101.SCH

XBRL Taxonomy Schema

101.CAL

XBRL Taxonomy Calculation Linkbase

101.DEF

XBRL Taxonomy Definition Linkbase

101.LAB

XBRL Taxonomy Label Linkbase

101.PRE

XBRL Taxonomy Presentation Linkbase

 

This Amendment speaks as of the Original Filing Date, does not reflect events that may have occurred subsequent to the Original Filing Date, and does not modify or update in any way disclosures made in the Form 10-Q.  No other changes have been made to the Form 10-Q.

 

 

 

 

 

 

 

 

 

 

 

3

 


 
 

PART I – FINANCIAL INFORMATION

ITEM 1.         FINANCIAL STATEMENTS

Riverdale Mining Inc.
(An Exploration Stage Company)

June 30, 2011

Basis of Presentation

The accompanying statements are presented in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  In the opinion of management, all adjustments (consisting only of normal occurring adjustments) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended June 30, 2011 are not necessarily indicative of results that may be expected for the year ending March 31, 2012.

 

 

Condensed Balance Sheets (unaudited)

F-1

 

Condensed Statements of Expenses (unaudited)

F-2

 

Condensed Statements of Cash Flows (unaudited)

F-3

 

Notes to (unaudited) Condensed Financial Statements

F-4

 

 

 

 

 
 
 
 
 
 
 
 

4

 


 
 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

BALANCE SHEETS

Unaudited

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

2011

 

2010

ASSETS

 

 

 

 

 

CURRENT ASSETS

 

 

      Cash

$

2,057

$

2,677

 

 

 

 

Total Current Assets

 

2,057

 

2,677

 

 

 

 

 

 

TOTAL ASSETS

$

2,057

$

2,677

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Accounts payable and accrued expenses

$

63,128

$

12,863

 

Demand note payable

 

50,000

 

40,000

 

Accounts payable – related party

 

12,497

 

11,405

 

TOTAL LIABILITIES

125,625

 

64,268

 

 

 

 

 

 

COMMITMENTS AND CONTINGENCIES

 

-

 

-

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

Preferred Stock, 100,000,000 shares authorized, $0.00001 par value

 

 

 

 

 

 

No shares are issued and outstanding

 

-

 

-

 

 

Common stock, 100,000,000 shares authorized, $0.00001 par value;

 

 

 

 

7,000,000 shares issued and outstanding

 

70

 

70

 

 

Additional paid-in capital

 

199,980

 

199,980

 

 

Deficit accumulated during exploration stage

 

(323,618)

 

(261,641)

 

 

TOTAL STOCKHOLDERS' DEFICIT

 

(123,568)

 

(61,591)

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

2,057

$

2,677

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.
F-1

 

 

5

 


 
 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE ENTERPRISE)

CONDENSED STATEMENTS OF EXPENSES

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

For the period from March 30,

 

 

Three Month Ended

 

Three Month Ended

 

2007 (Inception) Through

 

 

June 30, 2011

 

June 30, 2010

 

June 30, 2011

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

Consulting fees

$

54,765

$

4,500

$

166,752

 

Legal and accounting

 

280

 

2,500

 

75,959

 

Exploration

 

-

 

-

 

16,500

 

Loan Interest

 

1,247

 

-

 

2,680

 

Other general and administrative

 

5,685

 

2,974

 

61,727

NET LOSS

$

(61,977)

$

(9,974)

 

(323,618)

 

 

 

 

 

 

 

 

NET LOSS PER COMMON SHARE- BASIC AND DILUTED


$


(0.01)

 

$


(0.00)

 

 

 

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED

 

 


7,000,000

 

 

 


7,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.
F-2

6

 


 
 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

 

 

 

 


For the Three


For the Three

For the period from
March 30, 2007

 

 

Months Ended

Months Ended

(Inception) through

 

 

June 30, 2011

June 30, 2010

June 30, 2011

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

Net loss

$

(61,977)

$

(9,974)

$

(323,618)

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

Increase in accounts payable and accrued expenses

 

50,265

 

(705)

 

63,128

Net cash used in operating activities

 

(11,712)

 

(10,679)

 

(260,490)

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

-

 

-

 

-

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

Net advances from (repayments to) related party

 

1,092

 

16,789

 

12,497

 

Proceeds from sale of common stock

 

-

 

-

 

200,050

 

Proceeds from note payable

 

10,000

 

-

 

50,000

Net cash provided by financing activities

 

11,092

 

16,789

 

262,547

 

 

 

 

 

 

 

Change in cash

 

(620)

 

6,110

 

2,057

 

 

 

 

 

 

 

Cash, beginning of period

$

2,677

$

128

$

-

 

 

 

 

 

 

 

Cash, end of period

$

2,057

$

6,238

$

2,057

 

 

 

 

 

 

 

SUPPLEMENTAL CASHFLOW DISCLOSURES

 

 

 

 

 

 

 

Interest paid

$

-

$

-

$

-

 

Income taxes paid

$

-

$

-

$

-

                 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying condensed notes to interim unaudited condensed financial statements.

F-3

7

 


 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS

(Unaudited)

 

NOTE 1. - BASIS OF PRESENTATION

 

The accompanying unaudited interim financial statements of Riverdale Mining Inc. (“Riverdale Mining or the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Riverdale’s Annual Report filed with the SEC on Form 10-K.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2010 as reported in the Form 10-K have been omitted.


NOTE 2. - GOING CONCERN

 

From March 30, 2007 (date of inception) to June 30, 2011, Riverdale Mining has not generated revenues and has accumulated losses since inception. The continuation of Riverdale Mining as a going concern is dependent upon the continued financial support from its shareholders, the ability of Riverdale Mining to obtain necessary equity financing to continue operations, and the attainment of profitable operations. There is no guarantee that Riverdale Mining will be able to complete any of the above objectives. These factors raise substantial doubt regarding the Riverdale Mining’s ability to continue as a going concern.

 

NOTE 3. – RELATED PARTY TRANSACTIONS

 

The Company occupies office space provided by the president of the Company at no cost. The value of the space is not considered materially significant for financial reporting purposes. Advances on behalf of the Company are non-interest bearing.

 

NOTE 4 – MINING CLAIMS

 

On January 31, 2011, the Company was unaware of its mineral title renew and inadvertently did not renew the Sheelagh Creek Gold mining claim in time. The claim was automatically forfeited and was re-staked by Speebo Inc. On February 15, 2011, Speebo Inc. agreed to resell the claim to the Company for $2,500,  which was paid on February 15, 2011.  The Sheelagh Creek Gold mining claim is held in the name of the Company’s president, Vladimir Vaskevich.

 

 

 

 

 

 

F-4

 

8

 


 

 

RIVERDALE MINING INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO CONDENSEDFINANCIAL STATEMENTS

(Unaudited)

 

NOTE 5 - DEMAND NOTE PAYABLE

As of June 30, 2011, Riverdale borrowed $50,000 from CRG Finance. The note bears 10% interest and is due on demand.


NOTE 6 - SUBSEQUENT EVENTS

 

On July 27, 2011, the Company arranged to borrow another $25,000 from CRG Finance AG. The loan is due upon demand and compounds interest at 10.0% per annum.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F-5

9

 


 
 

ITEM 6.         EXHIBITS.

The following documents are included herein:

Exhibit No. 

Document Description

 

 

31.1             

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended.

 

32.1     

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).

 

 

101

Interactive Data Files (Form 10-Q for the quarterly period ended June 30, 2011 furnished in XBRL).

 

101 INS - XBRL Instance Document

 

101 SCH - XBRL Taxonomy Schema

 

101 CAL - XBRL Taxonomy Calculation Linkbase

 

101 DEF - XBRL Taxonomy Definition Linkbase

 

101 LAB - XBRL Taxonomy Label Linkbase

 

101 PRE - XBRL Taxonomy Presentation Linkbase

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

 


 
 

 

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 14th day of September, 2011.

 

 

RIVERDALE MINING INC.

 

 

 

 

 

 

BY:

VLADIMIR VASKEVICH

 

 

 

Vladimir Vaskevich, President, Principal

 

 

 

Executive Officer, Treasurer, Principal

 

 

 

Financial Officer and Principal Accounting

 

 

 

Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 


 
 

 

EXHIBIT INDEX

 

Exhibit No. 

Document Description

 

 

31.1             

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended.

 

32.1     

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).

 

 

101

Interactive Data Files (Form 10-Q for the quarterly period ended June 30, 2011 furnished in XBRL).

 

101 INS - XBRL Instance Document

 

101 SCH - XBRL Taxonomy Schema

 

101 CAL - XBRL Taxonomy Calculation Linkbase

 

101 DEF - XBRL Taxonomy Definition Linkbase

 

101 LAB - XBRL Taxonomy Label Linkbase

 

101 PRE - XBRL Taxonomy Presentation Linkbase

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12