Company: BRGC
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001683168-25-001623
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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 are included in this quarterly report. This discussion contains forward-looking
statements that involve risks, uncertainties and assumptions. Our actual results may differ substantially from those anticipated in any
forward-looking statements included in this discussion as a result of various factors.

Overview

To the best of our knowledge, the Company ceased filing their reporting
obligations in September 2000 and ceased operations in December of 2000.

On May 31, 2004, new management filed a Certificate of Revival with
the State of Delaware to bring the Company into Good Standing and subsequently redomiciled the Company in the State of Nevada on September
5, 2006.

On November 7, 2006, a certificate of notice of termination of registration
under section 12(g) of the Securities Exchange Act of 1934, Form 15-12G was filed on behalf of the Company.

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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