Company: BRGC
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001683168-25-001613
Chunk: 5

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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-12G was filed on behalf of the Company.

  10  

As of December 31, 2000, the Company is
a development stage company with no revenues, no assets, and no specific business plan or purpose. The Company’s business plan is
to seek new business opportunities or to engage in a merger or acquisition with an unidentified company. As a result, the Company is considered
a “blank check company” and, as a result, any offerings of the Company’s securities under the Securities Act of 1933,
as amended (the “ Securities Act”) must comply with Rule 419 promulgated by the Securities and Exchange Commission (the “ SEC”)
under the Act. The Company’s Common Stock is a “penny stock,” as defined in Rule 3a51-1 promulgated by the SEC under
the Securities Exchange Act. The Penny Stock rules require a broker-dealer, prior to a transaction in penny stock not otherwise exempt
from the rules, to deliver a standardized risk disclosure document that provides information about Penny Stocks and the nature and level
of risks in the penny stock market.

We are a “ Shell Company,”
as defined in Rule 405 promulgated by the SEC under the Securities Act. A Shell Company is one that has no or nominal operations and either:
(i) no or nominal assets; or (ii) assets consisting primarily of cash or cash equivalents. As a Shell Company, we are restricted in our
use of Registrations on Form S-8 under the Securities Act; the lack of availability of the use of Rule 144 by security holders; and the
lack of liquidity in our stock.

Results of Operations

The three months ended March 31, 200 6 compared to the
three months ended March 31, 2005

Revenue

For the three months ended March 31, 2006 and
2005, we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended March 31, 2006
and 2005, cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended March 31, 2006 and 2005, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended March 31, 2006, compared to $0 for the three months March