Company: BRGC
Filing Date: 2025-03-11
Form Type: 10-Q
Source: 0001683168-25-001479
Chunk: 5

Company: North America Lithium & Gold Corp
Filing Date: 2025-03-11
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 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 June 30, 2002 compared to the three
months ended June 30, 2001

Revenue

For the three months ended June 30, 2002 and 2001,
we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended June 30, 2002 and 2001,
cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended June 30, 2002 and 2001, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended June 30, 2002, compared to $0 for the three months June 30, 2001.

Professional fees

We incurred $0 of professional fees for the three
months ended June 30, 2002, compared to $0 for the three months ended June 30, 2001. Professional fees generally consist of audit, legal,
accounting and investor relation service fees.

Other income (expense)

For the three months ending June 30, 2002, we
had total other expense of $0, compared to total other expense of $0 for the three months ended June