Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 for the period ended November 30, 2012
Commission File Number 000-30368
American International Ventures, Inc.
(Name of Small Business Issuer in its charter)
Delaware |
| 22-3489463 |
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
|
|
|
6004 Tealside Court Lithia, Florida |
| 33547 |
(Address of principal executive offices) |
| (Zip Code) |
(813) 260-2866 |
(Registrant’s telephone number, including area code) |
Securities registered under Section 12 (b) of the Act:
Title of each class to be registered: |
| Name of exchange on which each class is to be registered: |
None |
| None |
Securities registered under Section 12(g) of the Act:
Common Stock |
(Title of Class) |
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 proceeding 12 months and (2) has been subject to such filing requirements for the past 90 days. (1) o Yes x No (2) x Yes o 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 (§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). o Yes x 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” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller Reporting Company x
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) o Yes x No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of January 15, 2013, is 200,720,044 shares of Common Stock, $.00001 par value.
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TABLE OF CONTENTS
PART I – FINANCIAL INFORMATION
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Item 1. Financial Statements
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
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Item 3. Quantitative and Qualitative Disclosures about Market Risk.
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Item 4. Controls and Procedures.
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PART II –OTHER INFORMATION
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Item 1. Legal Proceedings.
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Item 1A. Risk Factors.
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Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.
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Item 3. Defaults Upon Senior Securities.
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Item 4. Mine Safety Disclosures.
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Item 5. Other Information.
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Item 6. Exhibits
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PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
AMERICAN INTERNATIONAL VENTURES, INC. (An Exploration Stage Company) CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) | ||
| November 30, 2012 | MMay 31, 2012 |
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ASSETS |
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Current Assets |
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Cash | $ 5,917 | $ 71,413 |
Total current assets | 5,917 | 71,413 |
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Fixed Assets |
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Fixed assets – cost | 580,780 | 568,397 |
Depreciation | (47,883) | (4,241) |
Net fixed assets | 532,897 | 564,156 |
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Other Assets |
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Advances on escrow | 118,000 | 719,000 |
Mining claims | 1,341,500 | 718,000 |
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Total other assets | 1,459,500 | 1,437,000 |
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TOTAL ASSETS | $ 1,998,314 | $ 2,072,569 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current Liabilities |
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Accounts payable and accrued expenses | $ 42,146 | $ 110,023 |
Current portion of note payable | 10,603 | 10,603 |
Current portion of equipment lease | 13,195 | - |
Total current liabilities | 65,944 | 120,626 |
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Long Term Portion of Notes Payable | 336,989 | 341,397 |
Long term portion of equipment lease | 39,980 | - |
Long - term liabilities | 376,969 | 341,397 |
Total Liabilities | 442,913 | 462,023 |
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Stockholders' Equity |
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Common stock: authorized 400,000,000 shares of $.00001 par value: 198,470,044 and 188,465,044 issued and outstanding, respectively | 1,985 | 1,885 |
Additional paid in capital | 6,064,485 | 1,839,535 |
Loss accumulated during exploration stage | (4,511,069) | (230,874) |
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Total stockholders’ equity | 1,555,401 | 1,610,546 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 1,998,314 | $ 2,072,569 |
The accompanying notes are an integral part of these financial statements.
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AMERICAN INTERNATIONAL VENTURES, INC. (An Exploration Stage Company) CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) | |||
| Six Months Ended November 30, 2012 | Three Months Ended November 30, 2012 | Cumulative from January 25, 2012 (date of formation) to November 30, 2012 |
Sales | $ - | $ - | $ - |
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Expenses | 4,273,853 | 1,440,596 | 4,549,843 |
Operating loss | (4,273,853) | (1,440,596) | (4,549,843) |
Other Income and Expense: |
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Option payment income | - | - | 45,000 |
Other income | 54 | - | 170 |
Interest expense | (6,396) | (3,150) | (6,396) |
Total other income (expense) | (6,242) | (3,150) | 38,774 |
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Net Loss | $ (4,280,195) | $ (1,443,746) | $ (4,511,069) |
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Net Loss Per Share – Basic and Diluted | $ (.02) | $ (.01) |
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Weighted Average Number of Shares Outstanding | 194,067,558 | 196,594,110 |
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The accompanying notes are an integral part of these financial statements.
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AMERICAN INTERNATIONAL VENTURES, INC. (An Exploration Stage Company) CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) | ||
| Six months ended November 30, 2012 | Cumulative since formation (from January 25, 2012 to November 30, 2012) |
Cash Flows From Operating Activities: |
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Net loss | $ (4,280,195) | $ (4,511,069) |
Adjustments to reconcile net loss to net cash consumed by operating activities: |
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Charges not requiring an outlay of cash: |
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Depreciation | 43,642 | 47,883 |
Equity items issued for services | 3,762,050 | 3,762,050 |
Changes in assets (liabilities): |
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(Decrease) increase in accounts payable and accrued expenses | (7,167) | 21,156 |
Net cash consumed by operating activities: | (481,670) | (679,980) |
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Cash Flows From Investing Activities: |
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Purchases of fixed assets | (12,343) | (520,740) |
Acquisitions of mining claims | - | (133,000) |
Advances for escrow | - | (29,000) |
Release from escrow | 1,000 | 1,000 |
Cash received as part of reverse recapitalization | - | 38,120 |
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Net cash consumed in investing activities | (11,343) | (643,620) |
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Cash Flows From Financing Activities: |
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Proceeds from sales of common stock | 438,750 | 1,340,750 |
Payments on notes payable | (4,408) | (4,408) |
Payments on financing lease | (6,825) | (6,825) |
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Net Cash provided by financing activities: | 427,517 | 1,329,517 |
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Net change in cash | (65,496) | 5,917 |
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Cash balance, beginning of period | 71,413 | - |
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Cash balance, end of period | $ 5,917 | $ 5,917 |
The accompanying notes are an integral part of these financial statements.
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AMERICAN INTERNATIONAL VENTURES, INC.
(An Exploration Stage Company)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
November 30, 2012
1. BASIS OF PRESENTATION
The unaudited interim consolidated financial statements of American International Ventures, Inc. ("the Company") as of November 30, 2012 and for the three and six month periods ended November 30, 2012 have been prepared in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations for the six month period ended November 30, 2012 are not necessarily indicative of the results to be expected for the full fiscal year ending May 31, 2013.
Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements of the Company for the year ended May 31, 2012.
2. BACKGROUND
On March 23, 2012, the Company entered into a share exchange agreement with Placer Gold Prospecting, Inc. (“PGPI”), a Company that was formed on January 25, 2012. This share exchange agreement has been treated as a reverse recapitalization, under which the legal acquiree (Placer) is treated as the accounting acquirer and the equity accounts of the Company are adjusted to reflect a reorganization. Inasmuch as Placer is treated as the accounting acquiror, whenever historical financial information is presented, it will be Placer information.
3. GOING CONCERN AND LIQUIDITY
As shown in the accompanying financial statements, the Company has experienced a loss during the exploration stage of $4,511,069, has a working capital deficiency at November 30, 2012, and presently does not have sufficient resources to meet its outstanding liabilities or accomplish its objectives during the next twelve months. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.
4. CAPITAL STOCK
The following is a summary of stock activity during the quarter:
| # OF SHARES |
| TOTAL STOCK AND PAID IN CAPITAL |
Balances, 8/31/12 | 194,760,044 |
| 4,675,220 |
Shares sold for cash | 1,210,000 |
| 151,250 |
Shares for mining claim not acquired | 1,000,000 |
| 300,000 |
Other shares for services | 1,500,000 |
| 445,000 |
Options issued to directors | - |
| 495,000 |
Balance, 11/30/12 | 198,470,044 |
| 6,066,470 |
5. SUPPLEMENTARY CASH FLOW INFORMATION
There was $6,300 and $3,150 in cash paid for interest in the six and three month period ended November 30, 2012. There was no cash paid for income taxes during either period.
There were no non-cash investing or financing activities during the quarter.
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AMERICAN INTERNATIONAL VENTURES, INC.
(An Exploration Stage Company)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
November 30, 2012
6. ESCROW ADVANCES
On June 3, 2012, the Company closed escrow on a 702.3 acre purchase, transferring the consideration of $601,000 from the escrow account to mining claims. The remaining balance of $118,000, which includes 250,000 shares of common stock, relates to a proposed purchase form DAAL, LLC. The transaction hasn’t closed due to problems with delivery of proper title to the claim and, as of the date of this report, no timetable has yet been established for the return of funds.
7. INCOME TAX
The Company has experienced $4,511,069 in losses since its formation and has therefore incurred no income taxes. The Internal Revenue Code allows net operating losses (NOL's) to be carried forward for a period of twenty years. The potential benefit of the NOL has been recognized on the Company's records, but it is fully offset by a valuation allowance.
As of November 30, 2012, the Company had recognized $676,660 in deferred asset, offset by an equal amount in valuation reserve.
Unless utilized, the NOL's will expire as follows:
Fiscal year ended May 31, 2032 | $ 230,874 |
Fiscal year ended May 31, 2033 | $ 4,280,195 |
8. EQUIPMENT LEASE
During the first quarter of the year, the Company refinanced a $60,000 account payable for the purchase equipment in fiscal year ended May 31, 2012.
Year Ended May 31, |
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2014 | $13,195 |
2015 | 13,195 |
2016 | 13,195 |
2017 | 13,195 |
2018 | 7,220 |
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Total | $60,000 |
9. LONG TERM DEBT
In April 2012, the Company purchased a mining claim for a $252,000 note paying interest at 5%, with the principal due in three years.
In June 2012, the Company closed escrow on the purchase of another mining claim. The consideration included a $100,000 note payable, with payments of $883 during the first two years and a third year balloon payment of $78,808.
The following is a summary of the Company's obligations over the next three years:
Years Ended May 31, |
|
2014 | $ 10,603 |
2015 | 10,603 |
2016 | 330,794 |
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AMERICAN INTERNATIONAL VENTURES, INC.
(An Exploration Stage Company)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
November 30, 2012
10. RELATED PARTY TRANSACTIONS
During the three month period ended November 30, 2012, the Company awarded 1,500,000 options to purchase an equal amount of common stock at an exercise price of $.36, pursuant to the terms of the 2012 Option Plan as approved in accordance with Delaware General Corporation Law.
11. WARRANTS
There were 7,220,000 warrants outstanding at November 30, 2012, as presented below.
Number of warrants | Exercise price | Remaining Life (yrs.) |
200,000 | $ .01 | 3.00 |
240,000 | $ .01 | 2.09 |
900,000 | $ .05 | 1.93 |
1,160,000 | $ 1.00 | .37 |
1,150,000 | $ 1.00 | .62 |
605,000 | $ 1.00 | .87 |
250,000 | $ .25 | 2.00 |
2,715,000 | $ .40 | 1.62 |
12. OPTIONS
There were 1,500,000 options outstanding at November 30, 2012, as presented below:
Number of options | Exercise price | Expiration date |
1,400,000 | $ .05 | Expire September 29, 2014 |
1,500,000 | $ .36 | Expire September 17, 2017 |
2,900,000 |
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13. EXPENSES
Included within expenses are the following:
Consulting expense | $ 1,807,727 |
Value of warrants issued for services | 1,004,550 |
Value of option awards to directors | 495,000 |
Director awards | 120,000 |
Value of shares issued for mining claim not acquired | 300,000 |
Geology expenses | 78,655 |
Mine option expense | 48,000 |
Executive compensation | 40,000 |
Assessments for unpatented claims | 30,105 |
Depreciation expense | 43,642 |
Equipment relocation | 54,056 |
Subtotal | 4,021,735 |
Other expenses | 252,118 |
Total | $ 4,273,853 |
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AMERICAN INTERNATIONAL VENTURES, INC.
(An Exploration Stage Company)
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
November 30, 2012
14. SUBSEQUENT EVENTS
During the period from December 1, 2012 to the date of this report, the following subsequent events have taken place:
The Company issued 3,200,000 shares of common stock, for cash together with 1,600,000 warrants exercisable at $1.00 for twelve months from time of issuance.
The Company issued 600,000 shares to its directors for services.
The Company leased mining claims covering 22.5 acres and 24 hectares in Baja, California in January and March of 2013. In conjunction therewith, the Company issued 1,000,000 shares of common stock.
The Company issued 500,000 shares to lawyers in conjunction with SEC filings.
The Company issued 1,000,000 warrants as consideration for a Property Purchase Agreement, pursuant to which another company would potentially buy two of the Company’s mining claims.
On March 7, 2013, the Company formed a subsidiary incorporated in Tijuana, Mexico, "AIVN de Mexico," to conduct mining operations.
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Forward Looking Statements and Cautionary Statements .
Certain of the statements contained in this Quarterly Report on Form 10-Q include "forward looking statements." All statements other than statements of historical facts included in this Form 10-Q regarding the Company's financial position, business strategy, and plans and objectives of management for future operations and capital expenditures, and other matters, are forward looking statements. These forward-looking statements are based upon management's expectations of future events. Although the Company believes the expectations reflected in such forward looking statements are reasonable, there can be no assurances that such expectations will prove to be correct. Additional statements concerning important factors that could cause actual results to differ materially from our expectations ("Cautionary Statements") are disclosed in the Cautionary Statements section and elsewhere in the Company’s Form 10-K for the period ended May 31, 2012. Readers are urged to refer to the section entitled “Cautionary Statements” and elsewhere in the Company’s Form 10-K for a broader discussion of these statements, risks, and uncertainties. These risks include the Company’s limited operations and lack of revenues. In addition, the Company’s auditor, in his audit report for the fiscal year ended May 31, 2012, has expressed a “going concern” opinion about the future viability of the Company. All written and oral forward looking statements attributable to the Company or persons acting on the Company’s behalf subsequent to the date of this Form 10-Q are expressly qualified in their entirety by the referenced Cautionary Statements.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
During the three month ended November 30, 2012, the Company had no business operations other than to seek other business opportunities, and during such periods had no revenues from operations.
Administrative expenses for the three and six month periods ended November 30, 2012 were $1,440,596 and $4,273,853, respectively. For the period January 25 to November 30, 2012, they were $4,549,843. Administrative expenses consist of professional fees and the cost of services compensated with equity items.
As of November 30, 2012, the Company had a deficit in working capital of $60,028 compared with a working capital deficit of $49,213 as of May 31, 2012.
The Company has projected that its administrative overhead for the next 12 months will be approximately $165,000 which consists of accounting fees (including tax, audit and review) in the approximate amount of $25,000, legal fees in the approximate amount of $40,000, and miscellaneous expenses of $100,000. The projected legal and accounting fees relate to the Company’s reporting requirements under the Securities Exchange Act of 1934. The Company expects to incur addition legal and accounting fees in order to effect acquisition and share exchange or a business combination transaction. The Company has no other capital commitments. To continue its business plan, the Company will be required to raise additional funds through the private placement of its capital stock or through debt financing to meet its ongoing corporate overhead obligations. If the Company is unable to meet its corporate overhead obligations, it will have a material adverse impact on the Company and the Company may be unable to continue.
Background.
In April 2009, we completed a Property Option Agreement with Patriot Gold Corp., an unaffiliated third party, in which we granted an exclusive option to the Bruner Property (the “Bruner Option”), for eight annual payments totaling $315,000.00 and a balloon payment due to us in April 2016, in the amount of $1,185,000. In addition, we retained a 1.5% net smelter reserve (“NSR”) wherein Patriot Gold has the option to purchase 1% of the NSR for an additional $500,000. Patriot Gold has $50,000 due under this agreement on April 1, 2013, $55,000 due April 1, 2014, $60,000 due April 1, 2015 and $1,185,000 due April 1, 2016. Patriot Gold Corp. can terminate this option at any time according to the Option Agreement. (See Exhibit 10.2 to Current Report 8-K, as amended, originally filed on June 1, 2012).
After the decision to abandon development of the Bruner property, the Company determined to expand our business purpose to seek other business opportunities to review and analyze for purposes of effecting a merger, acquisition or other business combination with an operating company business. This led to the Share Exchange Agreement with Placer Gold Prospecting, Inc., (PGP1) as discussed below.
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Share Exchange with Placer Gold Prospecting, Inc.
On March 23, 2012, we closed on the Share Exchange with the shareholders of PGPI. See the subsequent section of Placer Business for more information.
Other Business Activity.
As reported in our Current Form 8-K filed April 25, 2012, on April 20, 2012, we entered into a Purchase and Installment Payment Agreement with DAAL, LLC (DAAL), a Nevada limited liability company wherein we agreed to acquire: (1) 2 patented lode mining claims in Humbolt County, Nevada, and (2) 15 unpatented lode mining claims. The purchase itself was scheduled to close on August 25, 2012. We paid DAAL $27,500, 250,000 shares of our common stock that is subject to Rule 144, and 250,000 warrants to purchase our common shares at $0.25 per share. The warrants will expire two years from date of issuance. The transaction hasn’t closed due to problems with delivery of proper title to the claim and, as of the date of this report, no timetable has been established for a closing.
Description of Placer Gold Prospecting, Inc.’s Business
For purposes of this section entitled “Description of Placer Gold Prospecting, Inc.’s Business” only, all references to “we,” “us,” or “our” or “PGPI” refers to PGPI prior to the effectiveness of the Share Exchange.
On January 25, 2012, PGPI was incorporated in the State of Florida, for the purpose of mining exploration. It has acquired mining claims for approximately 4,050 acres of land, primarily in Nevada, with the intent of reactivating historical mines that produced gold and silver until shut down in 1942 because of World War II. There is no guarantee that such properties will produce gold or silver in the future or that these properties may have already been depleted, as they were previously mined.
At this time, our primary focus is on gold and silver properties. Gold and silver properties are wasting assets. They eventually become depleted or uneconomical to continue mining. Currently, we have not produced any gold or silver from our properties. We are in the exploration stage and potential investors should be aware of the difficulties normally encountered by enterprises in the exploration stage. Our ability to become and remain profitable over the long term depends on our ability to finalize the design, permit, development and profitable extraction and recovery of mineral resources beyond our current planned mine life. If our ability to expand the operations beyond their current planned mined lives doesn’t occur we may seek to acquire other precious and base metals properties beyond our current properties. The acquisition of precious and base metals properties and their exploration and development are subject to intense competition. Companies with greater financial resources, larger staffs, more experience and more equipment for exploration and development may be in a better position than us to compete for such mineral properties.
We are in the exploration stage and have not yet generated significant revenue from mining operations. None of our properties or claims has any proven or probable reserves and all of our activities undertaken and currently proposed are exploratory in nature.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues and results of operations, liquidity or capital expenditures
Item 3. Quantitative and Qualitative Disclosures about Market Risk.
Not Applicable. Smaller Reporting Companies are not required to provide the information required by this item.
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Item 4. Controls and Procedures.
Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer (one and the same person), we undertook an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934, Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that such disclosure controls and procedures were not effective to ensure (a) that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and (b) that information required to be disclosed is accumulated and communicated to management to allow timely decisions regarding disclosure.
There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934) during the quarter ended November 30, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
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PART II –OTHER INFORMATION
Item 1. Legal Proceedings.
None
Item 1A. Risk Factors.
Not Applicable. Smaller Reporting Companies are not required to provide the information required by this item.
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.
During the quarter ended November 30, 2012, the Company received $151,250 from the sale of 1,210,000 stock units. Each unit is comprised of a share of Company stock and one half warrant to purchase additional stock at an exercise price of $1.00 for a period of one year from time of issuance.
During the quarter, the Company also issued the following securities:
Number of Shares | Value | Purpose |
1,000,000 shares | Valued at $300,000 | Issued for mining claims |
1,500,000 shares | Valued at $495,000 | Issued for services |
1,500,000 options | Valued at $495,000 | Options to purchase an equal amount of common stock, exercisable at $.36 until September 30, 2017 |
These transactions were exempt under Section 4(2) and 3(b) of the Securities Act of 1933, as amended, and the rules and regulations promulgated there under, including Regulations D, due to the facts that the cash investors were accredited investors, they each has acquired the securities for investment purposes and not with a view for re-distribution, they had access to sufficient information concerning the Company, and the certificate(s) representing such shares will bear a restrictive legend.
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
None
Item 5. Other Information.
None
Item 6. Exhibits
(a). Exhibits Furnished.
Exhibit #31 – Certification Pursuant To Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit #32 – Certification Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002.
The following exhibits contain information from our Quarterly Report on Form 10-Q for the quarter ended August 31, 2012 formatted in Extensible Business Reporting Language (XBRL):
Exhibit #101.INS – XBRL Instance Document. *
Exhibit #101.SCH – XBRL Taxonomy Schema Document.*
Exhibit #101.CAL – XBRL Taxonomy Calculation Linkbase Document. *
Exhibit #101.DEF – XBRL Taxonomy Extension Definition Linkbase *
Exhibit #101.LAB – XBRL Taxonomy Label Linkbase Document. *
Exhibit #101.PRE – XBRL Taxonomy Presentation Linkbase Document. *
*In accordance with Rule 406T of Regulation S-T, the XBRL information in Exhibit 101 to this quarterly report on Form 10-Q shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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SIGNATURES
In accordance with 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.
Dated: July 26, 2013
AMERICAN INTERNATIONAL VENTURES, INC.
/s/ Jack Wagenti |
Jack Wagenti |
Chairman, Chief (Principal) Executive Officer and Chief (Principal) Financial Officer |
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