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EXCEL - IDEA: XBRL DOCUMENT - CORECOMM SOLUTIONS INC.Financial_Report.xls
10-K - FORM 10-K - CORECOMM SOLUTIONS INC.venzagold_10k-103112.htm
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EX-32 - EXHIBIT 32 - CORECOMM SOLUTIONS INC.ex32.htm
EX-31.2 - EXHIBIT 31.2 - CORECOMM SOLUTIONS INC.ex31-2.htm
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EX-99.1 - EXHIBIT 99.1 - CORECOMM SOLUTIONS INC.ex99-1.htm
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Note 1 - Organization and Basis of Presentation
12 Months Ended
Oct. 31, 2012
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

Nature of Operations

Venza Gold Corp. (the “Company”) was incorporated on August 4, 2010 under the laws of the State of Nevada as SOS Link Corporation. On March 25, 2012, the Company consolidated their shares on a 2.5:1 basis. All share and per share information in these financial statements have been retroactively re-stated to reflect this share consolidation. On April 15, 2011, the Company continued from the State of Nevada to British Columbia, Canada and changed its name to Venza Gold Corp.  The Company’s principal business is the acquisition and exploration of mineral resources in British Columbia, Canada. The Company has not determined whether its properties contain mineral reserves that are economically recoverable.  

The Company’s financial statements are prepared on a going concern basis in accordance with US generally accepted accounting principles (“GAAP”) which contemplates the realization of assets and discharge liabilities and commitments in the normal course of business.  The Company is in the exploration stage.  It has not generated operating revenues to date, and has accumulated losses of $348,123 since inception.  The Company has funded its operations through the issuance of capital stock and debt.  Management plans to raise additional funds through equity and/or debt financings.  There is no certainty that further funding will be available as needed.  These factors raise substantial doubt about the ability of the Company to continue operating as a going concern.  The Company’s ability to continue its operations as a going concern, realize the carrying value of its assets, and discharge its liabilities in the normal course of business is dependent upon its ability to raise new capital sufficient to fund its commitments and ongoing losses, and ultimately on generating profitable operations.