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EX-31.1 - EXHIBIT 31.1 - Creative Waste Solutions, Inc.ex31-1.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

(Mark One)

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2014

 

or

 

[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from_____________ to _______________

 

Commission File Number 333-140299

 

SILVERSTAR MINING CORP.
(Exact name of registrant as specified in its charter)

 

Nevada   98-0425627
(State or other jurisdiction of
incorporation or organization)
  (IRS Employer
Identification No.)

 

1489 West Warm Springs Road, Ste. 110,
Henderson, Nevada
  89014
(Address of principal executive offices)   (Zip Code)

 

(775) 473–9400
(Registrant’s telephone number, including area code)

 

N/A
(Former name, former address and former fiscal year, if changed since last report)

 

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.

 

[X] YES  [  ] 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).

 

  [  ] YES  [X] NO

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small 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 [  ]   Accelerated filer [  ] 
Non-accelerated filer [  ] (Do not check if a smaller reporting company) Smaller reporting company [X]

 

Indicate by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes [  ]  No [X]

As of May 14, 2014, there were 15,929,200 shares of Common Stock of the issuer outstanding.

 

 

 

 
 

   

    TABLE OF CONTENTS    
         
        Page
PART I: FINANCIAL INFORMATION    
         
Item 1.   Financial Statements (Unaudited)    
         
    Consolidated Balance Sheets as of March 31, 2014 and September 30, 2013 (Unaudited)   4
         
    Consolidated Statements of Operations for the Three and Six Months Ended March 31, 2014 and 2013 (Unaudited)   5
         
    Consolidated Statements of Cash Flows for the Three and Six Months Ended March 31, 2014 and 2013 (Unaudited)   6
         
    Notes to Consolidated Financial Statements (Unaudited)   7
         
Item 2.   Management’s Discussion and Analysis and Plan of Operation   10
         
Item 3.   Quantitative and Qualitative Disclosures About Market Risk   11
         
Item 4.   Controls and Procedures   11
         
PART II: OTHER INFORMATION    
       
Item 1.   Legal Proceedings   11
         
Item 1A.   Risk Factors   11
         
Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds   11
         
Item 3.   Defaults upon Senior Securities   11
         
Item 4.   Mine Safety Information   12
         
Item 5.   Other Information   12
         
Item 6.   Exhibits   12
         
Signatures   13

 

2
 

  

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are forward-looking statements. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. Among the factors that could cause actual results to differ materially from the forward-looking statements are the following: the Company’s ability to obtain necessary capital, the Company’s ability to meet anticipated development timelines, the Company’s ability to protect its proprietary technology and know how; the Company’s ability to identify and develop a network of physicians, the Company’s ability to establish a global market, clinical trial results, the Company’s ability to successfully consummate future acquisitions and such other risk factors identified from time to time in the Company’s reports filed with the Securities and Exchange Commission, including those filed with this Form 10-Q quarterly report. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

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PART I: FINANCIAL INFORMATION

 

ITEM 1: FINANCIAL STATEMENTS

 

SILVERSTAR MINING, INC.

(A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

(Unaudited)

 

   March 31, 2014   September 30, 2013 
ASSETS          
Current Assets:          
 Cash and cash equivalents  $81   $5,869 
 Prepaid expense   9,000    249 
 Total current assets   9,081    6,118 
           
Investment in mineral property   29,893    29,893 
 Total Assets  $38,974   $36,011 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
Current Liabilities:          
 Accounts payable and accrued expenses  $106,089   $42,866 
 Convertible debentures   104,666    201,807 
 Advances – related parties   11,344    6,655 
 Advances   96,151    -- 
 Share issuance liability   --    88,125 
 Total current liabilities   318,250    339,453 
           
 Total liabilities   318,250    339,453 
           
Stockholders’ Equity(Deficit):          
Common stock; $0.001 par value, 225,000,000 shares authorized, 12,959,200 and 299,429 shares issued and outstanding, respectively   12,959    299 
Additional paid-in capital   1,784,791    1,615,425 
Accumulated deficit   (2,077,026)   (1,919,166)
 Total stockholders’ deficit   (279,276)   (303,442 
Total Liabilities and Stockholders’ Equity (Deficit)  $38,974   $36,011 

 

The accompanying notes are an integral part of the unaudited consolidated financial statements.

 

4
 

  

SILVERSTAR MINING, INC.

(A Development Stage Company)

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

   Three Months Ended
March 31,
   Six Months Ended
March 31,
   For the Period from
December 5, 2003 (Inception) to
March 31,
 
   2014   2013   2014   2013   2014 
Operating Expenses:                         
Legal & accounting  $16,071    18,304    65,031    44,667    429,413 
General and administrative  $17,511   $12,682    80,241    27,243   $697,604 
Amortization   --    78,917    --    78,917    -- 
Impairment loss   --    --    --    --    818,296
Loss from operations   (33,582)   (109,903)   (145,272)   (150,827)   (1,945,313)
                          
Other Income (Expenses):                         
 Interest income   --    218    --    --    361 
 Interest expense   (5,394)   (4,286)   (12,588)   (69,722)   (133,057)
 Exchange gain   --    --    --    218    983 
 Total other income (expenses)   (5,394)   (4,068)   (12,588)   (69,504)   (131,713)
Less non-controlling interest   --    (23,675)   --    (23,675)   -- 
                          
Net loss  $(38,976)  $(90,296)  $(157,860)  $(196,656)  $(2, 077,026)
                          
Net income(loss) per common share attributable to common stockholders (basic and diluted)  $(0.00)  $(0.47)  $(0.03)  $(1.09)     
                          
Weighted average common shares outstanding (basic and diluted):   12,745,315    191,721    6,999,542    180,322      

 

The accompanying notes are an integral part of the unaudited financial statements.

 

5
 

 

SILVERSTAR MINING, INC.

(A Development Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited)

 

   Six Months Ended   For the Period from December 5, 2003 (Inception) to 
   March 31,   March 31, 
   2014   2013   2014 
CASH FLOWS FROM OPERATING ACTIVITIES               
Net loss  $(157,860)  $(220,331)  $(2,077,026)
Adjustments to reconcile net loss to net cash provided by operating activities:               
Amortization expense   --    78,917    -- 
Write down of mineral properties   --    --    811,696 
Contribution to capital by related parties   --    12,000    215,500 
Write down of web site   --    --    6,600 
Changes in operating assets and liabilities:               
Accounts payable and accrued expense   49,177    (6,606)   92,043 
Accrued interest   11,431    7,222    69,053 
Prepaid   (8,751)   3,000    (9,000)
Shares to be issued   (88,125)   150,815    -- 
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   (194,128)   25,017    (891,134)
                
CASH FLOWS FROM INVESTING ACTIVITIES               
Acquisition of mineral properties   --    (17,142)   (191,489)
Web site development   --    --    (6,600)
NET CASH USED IN INVESTING ACTIVITIES   --    (17,142)   (198,089)
                
CASH FLOWS FROM FINANCING ACTIVITIES               
 Proceeds from the sale of common stock   --    --    736,380 
 Proceeds from conversion of warrants to stock   87,501    --    87,501 
 Costs for share issuance   --    --    (1,255)
 Proceeds from convertible notes   --    --    159,184 
 Proceeds from advances- related parity   11,344    -    17,999 
 Proceeds from advances   89,496    17,500    89,496 
NET CASH PROVIDED BY FINANCING ACTIVITIES   188,341    17,500    1,089,305 
                
Net increase (decrease) in cash   (5,787)   25,375      
Cash, beginning of period   5,868    558      
Cash, end of period  $81   $25,933   $81 
                
SUPPLEMENTAL CASH FLOWS INFORMATION               
Interest paid  $--   $--      
Income taxes paid  $--   $--      
                
NONCASH INVESTING AND FINANCING ACTIVITIES:               
Common stock issued for debt  $94,525   $--   $94,525 

 

The accompanying notes are an integral part of the unaudited financial statements.

 

6
 

 

SILVERSTAR MINING, INC.

(A Development Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

 

Silverstar Mining Corp. (the “Company”) was incorporated under the laws of the State of Nevada on December 5, 2003. On March 4, 2008, the Company completed a merger with its wholly-owned subsidiary, Silverstar Mining Corp., which was incorporated by the Company solely to effect the name change of the Company to Silverstar Mining Corp. The Company was incorporated for the purpose to promote and carry on any lawful business for which a corporation may be incorporated under the laws of the State of Nevada.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

The accompanying unaudited interim financial statements of 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 (SEC), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s September 30, 2013 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 would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year end September 30, as reported on Form 10-K, have been omitted.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.

 

Development Stage Company

 

The Company has not earned any revenue from operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Company” as set forth in Financial Accounting Standards Board Statement Accounting Standards Codification (“ASC”) Topic 915. Among the disclosures required by ASC Topic 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statement of operations, stockholders’ deficit and cash flows disclose activity since the date of the Company’s inception.

 

Principles of Consolidation

 

The consolidated financial statements of the Company include the Company and its wholly-owned and majority-owned subsidiaries. All material intercompany balances and transactions have been eliminated.

 

The Company consolidates foreign subsidiary accounts by using the average of the exchange rate on the first day of the period being reported and the exchange rate on the last day of the same period for the translation of the income statement and the exchange rate on the closing date of the period for the translation of currency for the balance sheet.

 

Cash and cash equivalents

 

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.

 

7
 

  

Net loss per share of common stock

 

Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. The Company had no common stock equivalents and potentially dilutive securities outstanding during the period from December 5, 2003 (inception) through March 31, 2014.

 

Recently Issued Accounting Pronouncements

 

The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

 

NOTE 3 - GOING CONCERN

 

As shown in the accompanying financial statements, Silverstar Mining has an accumulated deficit of $2,077,026 as of March 31, 2014 and incurred a net loss of $157,860 for the six months period ended March 31, 2014. Unless the Company is able to attain profitability and increases in stockholders’ equity continue, these conditions raise substantial doubt as to Silverstar Mining’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if Silverstar Mining is unable to continue as a going concern.

 

Silverstar Mining continues to review its expense structure reviewing costs and their reduction to move towards profitability. The Company’s expenses are planned to decrease as a percent of revenue resulting in profitability and increased shareholders’ equity.

 

NOTE 4 - CONVERTIBLE DEBENTURES

 

On July 22, 2013 the Company entered into settlement agreements with all Demand Loan note holders converting the Demand Loans to Convertible Debentures with rights to convert any portion of the unpaid principle and/or accrued interest into restricted common shares of the Company at any time within forty-eight months from the settlement date. The Company may repay principal amounts due at any time without premium or penalty.

 

On December 23, 2013 the Company converted $34,523 of convertible debt and interest into 12,416,670 shares of common stock.

 

On March 19, 2014 the Company converted $60,002 of convertible debt and interest into 171,434 shares of common stock.

 

As of March 31, 2014 the amount of convertible debt outstanding was $104,666 plus accrued interest of $14,064 for a total of $118,730.

 

NOTE 5 - RELATED PARTIES

 

On January 9, 2013 the Company issued 24,750 common shares to a note holder that was entitled to this amount of shares based on the terms pursuant to a note payable of $30,000. The Company was obligated to issue an additional 250 common shares to satisfy the terms of the note.

 

On March 28, 2013 warrants to purchase 80,000 common shares were exercised by related parties yielding proceeds of $49,000 in cash received and a subscriptions receivable of $7,000.

 

During the six month period ended March 31, 2013, an officer and director of the Company made contributions to capital for management fees in the amount of $9,000 and rent in the amount of $3,000 for a total of $12,000.

 

During the six months ended March 31, 2014 an officer has advanced the Company $10,616. The advances do not have any repayment terms and are not interest bearing. As of March 31, 2014 the total advances by the officer was $11,344.

 

8
 

  

NOTE 6 - EQUITY

 

On January 9, 2013 the Company issued 24,750 common shares to a note holder that was entitled to this amount of shares based on the terms pursuant to a note payable of $30,000. The Company was obligated to issue an additional 250 common shares to satisfy the terms of the note.

 

On March 28, 2013 warrants to purchase 80,000 common shares were exercised by related parties yielding proceeds of $49,000 in cash received and a subscriptions receivable of $7,000.

 

On December 23, 2013 the Company issued 12,416,670 shares of common stock with a value of $34,523 for debt.

 

On March 19, 2014 the Company issued 171,434 shares of common stock with a value of $60,002 for debt.

 

On March 26, 2014 the Company issued 71,667 shares of common stock with a value of $87,501 which was offset against the liability “shares to be issued “of $88,125. The difference of $624 was offset against interest expense.

 

NOTE 7 - SUBSEQUENT EVENTS

 

On April 20, 2014 the Company issued 3,000,000 shares of common stock for the conversion of convertible debt of $7,500.

 

9
 

  

ITEM 2 MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS

 

RESULTS OF OPERATIONS

 

For the three and six month period ending March 31, 2014 and 2013 the Company did not have any revenue.

 

General and administrative expense was $17,511 for the three months and $80,241 for six months ended March 31, 2014 compared to $12,682 for the three months and $27,243 for the six months ended March 31, 2013. Legal and accounting for the same periods were $16,071 for the three months and $65,031 for the six months ended March 31, 2014 compared to $18,304 and $44,667 for the same periods in 2013.The increase in expenses for the six months period in 2014 over 2013 was due primarily to higher consulting and legal and accounting fees in 2014 over 2013.

 

The operating loss for the three and six month period ending March 31, 2014 consisted of an operating loss of $33,582 and $145,272 compared to operating loss of $109,903 and $150,827 in the same periods in 2013. The larger loss in 2013 was due to amortization of $78,917 incurred in 2013 over the same period in 2014.

 

Other net expenses for the three and six month period ending March 31, 2014 were $5,394 and $12,588 compared to other expenses of $4,068 and $69,504 for the same periods in 2013. Interest expense for the six month period in 2013 was $69,722 compared to $12,588 for the same period in 2014 resulting in the increase in 2013 over 2014.

 

Net loss of $38,976 and $157,860 was recorded for the three and six month period ending March 31, 2014 compared to net loss of $90,296 and $196,656 for the same periods in 2013. The 2013 net loss amount for both the three and six months period was net of a non-controlling interest loss of $23,675.

 

LIQUIDITY AND CAPITAL RESOURCES

 

At March 31, 2014, Silverstar Mining had current assets of $9,081 and current liabilities of $318,250 resulting in negative working capital of $309,169. Stockholders' deficit as of March 31, 2014 was $279,276.

 

Net cash used in operations for the six months ending March 31, 2014 was $194,128 compared to net cash provided by operations of $25,017 for the same period in 2013, a negative change of $219,145. The negative change of $219,145 was primarily attributable to a non-cash amortization expense of $78,917 in 2013 that was not present in 2014 and an increase of $150,815 in 2013 in shares issued liability whereas in 2014 the account balance declined by $88,125.

 

Net cash used in investing activates was zero for the six months ended March 31, 2014 compared to $17,142 in the same period in 2013. The decrease was attributable to $17,142 used in 2013 for acquisition of mineral properties whereas in 2014 no expenditures were made for investments in assets.

 

Net cash provided by financing activities during the six months ended March 31, 2014 was $188,341 compared to net cash provided of $17,500 in 2013, a positive change of $170,841. The change was due to advances of $100,840 in 2014 versus $17,500 in 2013 and stock issued for warrants of $87,501 against the shares to be issued.

 

Our existing capital may not be sufficient to meet Silverstar Mining's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended. This condition raises substantial doubt as to Silverstar Mining's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if Silverstar Mining is unable to continue as a going concern.

 

Off-Balance Sheet Arrangements

 

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

 

10
 

  

ITEM 3 Quantitative and Qualitative Disclosure About Market Risk

 

As a smaller reporting company, we are not required to provide the information required by this Item.

 

ITEM 4: CONTROLS AND PROCEDURES

 

This report includes the certifications of our Chief Executive Officer and Chief Financial Officer required by Rule 13a-14 under the Securities Exchange Act of 1934 (the "Exchange Act"). See Exhibits 31.1 and 31.2. This Item 4 includes information concerning the controls and control evaluations referred to in those certifications.

 

Evaluation of Disclosure Controls and Procedures

 

Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to management, including the Principal Executive Officer and the Principal Financial Officer, to allow timely decisions regarding required disclosures.

 

In connection with the preparation of this report, our management, under the supervision and with participation of our Principal Executive Officer and Principal Financial Officer (the “Certifying Officers”) conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2014. Based on that evaluation, our management concluded that there is a material weakness in our disclosure controls and procedures over financial reporting. The material weakness results from a lack of written procedures which effectively documents the proper procedures and descriptions of the duties of all persons involved in the disclosure controls of the Company. The Company hopes to implement plans to document the procedures and internal controls of the Company. A material weakness is a deficiency, or a combination of control deficiencies, in disclosure control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. This does not include an evaluation by the Company’s registered public accounting firm regarding the Company’s internal control over financial reporting.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Our management believes that the Unaudited Financial Statements included herein present, in all material respects, the Company’s financial condition, results of operations and cash flows for the periods presented.

 

PART II - OTHER INFORMATION

 

ITEM 1: LEGAL PROCEEDINGS.

 

None

 

ITEM 1A: RISK FACTORS

 

There have been no material changes to Silverstar Mining’s risk factors as previously disclosed in our most recent 10-K filing for the year ending September 30, 2013.

 

ITEM 2: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

  

ITEM 3: DEFAULTS UPON SENIOR SECURITIES.

 

None

 

11
 

  

ITEM 4: MINE SAFETY INFORMATION

 

Not Applicable

 

ITEM 5: OTHER INFORMATION.

 

None

 

ITEM 6: EXHIBITS

 

The following exhibits are included as part of this report:

 

31.1   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
     
31.2   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
     
32.1   Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
     
32.2   Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
     
101**   Interactive Data Files
     
101.INS   XBRL Instance Document
     
101.SCH   XBRL Taxonomy Extension Schema Document.
     
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document.
     
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document.
     
101.LAB   XBRL Taxonomy Extension Label Linkbase Document.
     
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document.

 

*   Filed herewith
     
**   Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

 

12
 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SILVERSTAR MINING CORP.
   
Date: May 14, 2014 /s/ Jared Robinson
  Jared Robinson
  Chairman, Chief Executive Officer and Director
  (Principal Executive Officer)
   
Date: May 14, 2014 /s/ Lowell Holden
  Lowell Holden
  Chief Financial Officer and Director
  (Principal Financial Officer and Principal Accounting Officer)

 

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