Company: BRGC
Filing Date: 2025-03-11
Form Type: 10-Q
Source: 0001683168-25-001525
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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, Form 15-12G 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 June 30, 2003 compared to the three
months ended June 30, 2002

Revenue

For the three months ended June 30, 2003 and 2002,
we had revenue of $0 and $0, respectively.

Cost of Revenue

For the three months ended June 30, 2003 and 2002,
cost of revenue was $0 and $0.

Officer Compensation

We incurred $0 and $0 of officer compensation for the three months
ended June 30, 2003 and 2002, respectively.

General and administrative expenses

We had $0 of general and administrative expenses
(“ G& A”) for the three months ended June 30, 2003, compared to $0 for the three months