U.S. SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549

                                  Form 10-QSB
(Mark One)

[x]  Quarterly Report under Section 13 or 15(d) of the Securities
     Exchange Act of 1934

     For the quarterly period ended September 30, 2003
--------------------------------------------------------------------------

[ ]  Transition Report under Section 13 or 15(d)of the Exchange Act For the
     Transition Period from ________  to  ___________
--------------------------------------------------------------------------
                     Commission File Number: 0-25891
--------------------------------------------------------------------------

                     TREZAC INTERNATIONAL CORPORATION
              ----------------------------------------------
              (Name of small business issuer in its charter)

             TEXAS                                 76-0270330
  -------------------------------   ---------------------------------------
  (State or other jurisdiction of   (I.R.S. Employer Identification Number)
  incorporation or organization)

               1240 South Parker Road, Suite 203, Denver, CO  80231
               ----------------------------------------------------
               (Address of principal executive offices) (Zip Code)

   Registrant's telephone number, including area code:  303-283-6368
                                                        ------------

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the past 12
months (or 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.

                                          Yes [X]     No [ ]

               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                    PROCEEDING DURING THE PRECEDING FIVE YEARS

Check whether the Registrant filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act
after the distribution of securities under a plan confirmed by a court.

                                         Yes [ ]     No [ ]

                APPLICABLE ONLY TO CORPORATE ISSUERS

Common Stock, $0.0001 par value per share, 247,202,031 issued and outstanding
as of December 1, 2003.


Traditional Small Business Disclosure Format (check one)

                                           Yes [ ] No [X]


                                    1

<PAGE>




PART I.  FINANCIAL INFORMATION

Item 1.   Condensed Consolidated Financial Statements

          Condensed Consolidated Balance Sheet (unaudited)..............  3
          Condensed Consolidated Statements of Operations (unaudited)...  4
          Condensed Consolidated Statement of Changes in
              Stockholders' Equity (Deficiency) (unaudited).............  5
          Condensed Consolidated Statements of Cash Flows (unaudited)...  6
          Notes to Condensed Consolidated Statements.................... 8-22

Item 2.   Management's Discussion and Analysis of Plan
          of Operation..................................................  23

Item 3.   Controls and Procedures.......................................  31

PART II.  OTHER INFORMATION

Item 1.   Legal Proceedings.............................................  32

Item 2.   Changes in Securities and Use of Proceeds.....................  32

Item 3.   Defaults upon Senior Securities...............................  33

Item 4.   Submission of Matters to a Vote
          of Security Holders...........................................  33

Item 5.   Other Information.............................................  33


Item 6.   Exhibits and Reports on Form 8-K..............................  33

Signatures..............................................................  34


                                      2



<PAGE>


               TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                          (F/K/A TREZAC CORPORATION)
                     CONDENSED CONSOLIDATED BALANCE SHEET
                           AS OF SEPTEMBER 30, 2003
                           ------------------------



<TABLE>
<CAPTION>


                                     ASSETS
                                     ------

<S>                                                             <C>
CURRENT ASSETS
 Cash                                                           $   34,977.13
 Accounts receivable                                             1,291,289.95
 Other receivables                                                 466,933.01
 Prepaid expenses                                                  640,198.00
 Inventories                                                       162,945.74
                                                                --------------
     Total Current Assets                                        2,596,343.83

Property, plant and equipment, net                               2,168,802.64
Notes and interest receivable - related party                       57,980.01
Equity investment                                                  160,082.51
                                                                --------------

TOTAL ASSETS                                                    $4,983,208.99
------------                                                    ==============

                     LIABILITIES AND STOCKHOLDERS' EQUITY
                     ------------------------------------

CURRENT LIABILITIES
 Accounts payable and accrued expenses                          $2,180,835.05
 Convertible debentures                                            517,093.84
 Notes payable - current                                         1,266,728.32
 Notes payable - related party                                         98,750
 Deferred tax liabilities                                           26,797.35
 Capital lease obligation - current                                 99,820.00
                                                                --------------
     Total Current Liabilities                                   4,190,024.56

 Capital lease obligation - non-current                            120,049.71
 Notes payable - non-current                                       165,475.90
                                                                --------------
     Total Liabilities                                           4,475,550.17
                                                                --------------

STOCKHOLDERS' EQUITY
 Common stock, $0.0001 par value, 500,000,000 shares
   authorized, 197,836,045 shares issued and outstanding               19,784
 Additional paid-in capital                                         1,682,283
 Subscription receivable                                             (540,000)
 Accumulated other comprehensive loss                                 (46,975)
 Accumulated deficit                                                 (624,399)
                                                                --------------
  Total Stockholders' Equity (Deficiency)                             507,659
                                                                --------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                      $   4,983,209
------------------------------------------                      ==============
</TABLE>


    See accompanying notes to condensed consolidated financial statements.

                                       3

<PAGE>



               TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                          (F/K/A TREZAC CORPORATION)
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                -----------------------------------------------
                                  (UNAUDITED)


<TABLE>
<CAPTION>

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                    For the Three  For the Three  For the Nine   For the Nine
                    Months Ended   Months Ended   Months Ended   Months Ended
                    Sep 30, 2003   Sep 30, 2002   Sep 30, 2003   Sep 30, 2002
                    -------------  -------------  -------------  -------------
<S>                 <C>            <C>            <C>            <C>
REVENUE             $     896,481  $     664,067  $   1,312,567  $  1,226,588

COST OF SALES             858,965        618,425      1,187,922     1,154,134
                    -------------  -------------  -------------  ------------

GROSS PROFIT               37,517         45,643        124,645        72,454
                    -------------  -------------  -------------  ------------

OPERATING
EXPENSES
 General and
  administrative
  expenses                 36,823         96,757        528,544       168,113
 Depreciation              11,364          7,067         16,680        12,795
                    -------------  -------------  -------------  ------------
   Total Operating
    Expenses               48,187        103,824        545,224       180,908
                    -------------  -------------  -------------  ------------

LOSS FROM OPERATIONS      (10,670)       (58,182)      (420,579)     (108,454)
                    -------------- -------------- -------------- -------------

OTHER INCOME (EXPENSE)
 Gain on sale of
  fixed assets                554         14,895            672        13,423
Other income                                                902
 Interest income              901                         5,100         6,975
 Interest expense         (70,460)                     (209,513)
                    -------------- -------------  -------------- ------------
   Total Other Income
    (Expense)             (69,005)        14,895       (202,839)       20,397
                    -------------- -------------  -------------- ------------


NET LOSS            $     (79,676) $     (43,287) $    (623,419) $    (88,057)
                    ============== ============== ============== =============

NET LOSS PER SHARE  $      (.002)  $      (.001)  $      (.003)  $      (.005)
                    =============  =============  =============  =============

WEIGHTED AVERAGE
 SHARES
 OUTSTANDING          155,339,038    123,750,000    136,544,519    123,750,000
                    =============  =============  =============  =============
</TABLE>


    See accompanying notes to condensed consolidated financial statements.

                                       4

<PAGE>



               TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                          (F/K/A TREZAC CORPORATION)
      CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                  FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2003
                  -------------------------------------------
                                  (UNAUDITED)


<TABLE>
<CAPTION>

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY


                                                  Accumulated
                             Additional           Other Comp-
            Common Stock      Paid-In Subscription rehensive Retained
           Shares    Amount   Capital   Receivable   Loss    Earnings    Total
         ----------- ------- ---------- ---------  --------  --------  --------
<S>      <C>         <C>     <C>        <C>        <C>       <C>       <C>
Balance,
Jan 1,
2003     123,750,000 $12,375 $  391,554 $       0  $(45,995) $ 17,560  $375,494

Recapital-
ization as
a result
of merger in
May 2003  70,306,045   7,031    505,430  (540,000)                      (27,539)

Stock issued
for
services   3,780,000     378    783,725                                 784,103

Comprehensive loss:
Foreign
currency
translation                                            (980)

Net loss                                                     (623,419) (624,399)

Total
comprehensive
loss
         ----------- ------- ---------- ---------  --------  ---------  --------

BALANCE,
SEP 30,
2003     197,836,045 $19,784 $1,682,283 $(540,000) $(46,975) $(607,433) $507,659
         =========== ======= ========== ========== ========= ========== ========
</TABLE>

    See accompanying notes to condensed consolidated financial statements.

                                       5

<PAGE>


               TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                          (F/K/A TREZAC CORPORATION)
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                -----------------------------------------------
                                  (UNAUDITED)



<TABLE>
<CAPTION>

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                   For the Nine  For the Nine
                                                   Months Ended  Months Ended
                                                   Sep 30, 2003  Sep 30, 2002
                                                   ------------  ------------
<S>                                                <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net loss                                          $   (623,419) $    (88,057)
 Adjustments to reconcile net loss to net cash from
 operating activities:
 Depreciation                                            16,680        12,795
 Stock and options issued for services                  785,677
 Gain on sale of equipment                                  672        13,423
 Changes in assets and liabilities:
 Accounts receivable                                    567,456     1,635,134
 Other receivables
 Prepaid expenses and other current assets             (349,855)
 Inventories                                             31,787       (74,241)
 Accounts payable and accrued expenses                 (581,343)   (1,536,746)
 Deferred tax liability                                  26,797
                                                   ------------  ------------
Net Cash Provided By (Used In) Operating Activities    (125,548)      (37,692)
                                                   ------------- ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
 Payments made on investments                              (599)
 Proceeds from sale of property, plant and equipment    (21,853)     (269,869)
                                                   ------------- ------------
   Net Cash Used In Investing Activities                (22,452)     (269,869)
                                                   ------------- ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
 Proceeds from notes payable and line of credit
 Payment on capital lease obligation                    (50,890)      190,259
 Payments on note payable - related party                 2,301      (150,138)
                                                   ------------- ------------
    Net Cash Provided By Financing Activities           (48,589)       40,121
                                                   ------------- ------------

EFFECT OF RATE CHANGES ON CASH                          216,345       180,330

NET DECREASE IN CASH                                     19,756        12,890


CASH - BEGINNING OF PERIOD                               15,221           287
                                                   ------------  ------------

CASH - END OF PERIOD                               $     34,977  $     13,177
                                                   ============  ============
</TABLE>


    See accompanying notes to condensed consolidated financial statements.


                                       6

<PAGE>



               TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                          (F/K/A TREZAC CORPORATION)
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                -----------------------------------------------
                                  (UNAUDITED)


SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
-----------------------------------------------------------------------

In relation to the merger and recapitalization, the Company obtained $42,115
equity investment, $684,317 prepaid and other current assets, $13,118 property,
plant and equipment, $57,079 notes receivable, $50,750 notes payable, $256,324
accounts payable and accrued expenses, $517,094 convertible debentures, $7,031
common stock, $540,000 subscriptions receivable and $505,430 additional paid in
capital.


    See accompanying notes to condensed consolidated financial statements.


                                       7

<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 1  BASIS OF PRESENTATION AND NATURE OF ORGANIZATION
------  ------------------------------------------------

The financial statements included herein have been prepared by Trezac, Inc.
(the "Company"), without audit, our independent accountants have informed us
that their review of our financial statements is incomplete. Accordingly, in
conformity with Regulation S-X, these financial statements do not include all
of the information and notes required by generally accepted accounting
principles for complete financial statements. However, the Company believes
that the disclosures are adequate to make the information presented not
misleading.

In the opinion of management, the unaudited financial statements contain all
adjustments (consisting only of normal recurring adjustments) necessary for a
fair presentation of the Company's financial position and results of
operations.  These unaudited  consolidated financial statements should be read
in conjunction with the audited  consolidated financial statements and
notes thereto included in the Company's Report on Form 8-K/A filed June 13,
2003.

Pursuant to the Stock Purchase Agreement which was originally dated January 22,
2003 and revised and effective on May 29, 2003, the Company agreed to acquire
the shares of Millagro SRL, a Moldovan Corporation, by issuing and delivering
in exchange of the Company's common voting stock of 103,125,000 shares at par
value $0.0001.  The reverse merger has been accounted for as a recapitalization
(See Note 3).  After the reverse merger, the Company primarily produces,
markets, and processes agricultural products in the Soroca district of the
Republic of Moldova.

NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
------  ------------------------------------------

(A) Basis of Consolidation
--------------------------

The condensed consolidated financial statements include the accounts of the
Company and its wholly owned subsidiaries.  All inter-company accounts and
transactions have been eliminated in consolidation.

(B) Economic and Political Risks
--------------------------------

The Company faces a number of risks and challenges since its operations are in
the Republic of Moldova and its primary market is in Moldova.  The financial
statements have been prepared assuming the Company will continue as a going
concern (See Note 15).

                                     8
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------

(C) Cash
--------

Cash includes cash on deposit held by financial institutions.

(D) Inventories
---------------

Inventories are stated at the lower of cost or market on average cost basis,
and includes finished goods, work-in-process, raw materials, packaging material
and product merchandise.  Finished goods include costs of raw materials,
packaging, labor used in production, and warehousing on facilities and
equipment (See Note 6).

(E) Property, Plant and Equipment
---------------------------------

Property, plant and equipment are carried at cost less depreciation.  The cost
of repairs and maintenance is expensed as incurred; major replacements and
improvements are capitalized.  When assets are retired or disposed of, the cost
and accumulated depreciation are removed from the accounts, and any resulting
gains or losses are included in income in the year of disposition.

Depreciation is provided using the straight-line method over the estimated
useful lives of the assets.  The lives applied are as follows:

Vehicles and office equipment                5 Years
Buildings and storage facilities          25 - 50 Years

Manufacturing equipment                      5 Years

In accordance with Statement of Financial Accounting Standards (SFAS) No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets," the Company
periodically reviews such assets for possible impairments and expected losses,
if any, are recorded currently.

                                      9
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


(F) Fair Value of Financial Instruments
---------------------------------------

Financial Accounting Standards Board ("FASB") issued Statement of Financial
Accounting Standards No. 107 ("SFAS 107"), Disclosure About Fair Value of
Financial Instruments.  SFAS No. 107 requires disclosure of fair value
information about financial instruments when it is practicable to estimate that

value.  The carrying amount of the Company's cash, accounts receivable, other
receivables, accounts payable and accrued expenses, convertible debentures, and
notes payable approximate their estimated fair values due to their short-term
maturities.

(G) Foreign Currency Translation
--------------------------------

Conversion of currency from a Republic of Moldova lei ("MDL$") into a United
States dollar ("US$") has been made at the respective applicable rates of
exchange.  Monetary assets and liabilities denominated in foreign currencies
are converted into US$ at the applicable rate of exchange at the balance sheet
date.  Income and expense items were converted at the average rates for the
periods ended.

(H) Use of Estimates
--------------------

The preparation of financial statements in conformity with generally accepted
accounting principles in the United States of America requires management to
make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenue and expenses
during the reporting period.  Actual results when ultimately realized could
differ from those estimates.

(I) Concentration of Credit Risk
--------------------------------

Financial instruments, which potentially expose the Company to concentrations
of credit risk, consist of cash and trade receivables.  The Company performs
ongoing evaluations of its cash position and credit evaluations at the
subsidiary level to ensure collections and minimize losses.

                                   10
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


(J) Revenue Recognition
-----------------------

Revenue is recognized when title passes to the customer upon delivery of the
product to a third party shipper.

(K) Employees' Benefits
-----------------------

Mandatory contributions are made by the Company to the Moldovan Government's
health, retirement benefit and unemployment schemes at the statutory rates in
force during the period, based on gross salary payments.  The cost of these
payments is charged to the statement of income in the same period as the
related salary cost.

(L) Income Taxes
----------------

The provision for income taxes is based on income before taxes in accordance
with taxation principles currently effective in the Republic of Moldova and the
United States of America.  As required by SFAS No. 109, "Accounting for Income
Taxes".  Deferred tax assets and liabilities are recognized for the expected
future tax consequences of events that have been included in the financial
statements or tax returns.  Under this method, deferred tax assets and
liabilities are determined based on the differences between the financial
statement carrying amounts and the tax basis of assets and liabilities using
enacted tax rates in effect for the year in which the differences are expected
to reverse.  Deferred tax assets are reduced by a valuation allowance when, in
the opinion, of management, it is more likely than not that some portion or all
of the deferred tax assets will not be realized.

(N) Earnings Per Share
----------------------

Basic and diluted net loss per common share for all periods presented is
computed based on the weighted average common shares outstanding during the
year as defined by SFAS No. 128, "Earnings Per Share."  The assumed exercise of
common stock equivalents was not utilized since the effect would be anti-
dilutive.

                                    11
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


(O) Stock-Based Compensation
----------------------------

In accordance with SFAS No. 123, the Company has elected to account for stock
options and warrants issued to employees under Accounting Principles Board
Opinion No. 25 ("APB Opinion No. 25") and related interpretations.  The Company
accounts for stock options and warrants issued to non-employees for services
under the fair value method of SFAS No. 123.

(P) Recent Accounting Pronouncements
------------------------------------

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation-Transition and Disclosure - an amendment of SFAS No. 123".  SFAS
No. 148 amends SFAS No. 123, "Accounting for Stock Based Compensation" and
provides alternative methods for accounting for a change by registrants to the
fair value method of accounting for stock-based compensation.  Additionally,
SFAS No. 148 amends the disclosure requirements of SFAS No. 123 to require
disclosure in the significant accounting policy footnote of both annual and
interim financial statements of the method of accounting for stock based-
compensation and the related pro forma disclosures when the intrinsic value
method continues to be used.  The statement is effective for fiscal years
beginning after December 15, 2002, and disclosures are effective for the first
fiscal quarter beginning after December 15, 2002.

In April 2003, the FASB issued SFAS No. 149, "Amendment of Statement 133 on
Derivative Instruments and Hedging Activities".  SFAS No. 149 amends and
clarifies financial accounting and reporting for derivative instruments,
including certain derivative instruments embedded in other contracts
(collectively referred to as derivatives) and for hedging activities under SFAS
No. 133, "Accounting for Derivative Instruments and Hedging Activities".  The
changes in SFAS No. 149 improve financial reporting by requiring that contracts
with comparable characteristics be accounted for similarly.  This statement is

effective for contracts entered into or modified after September 30, 2003 and
all of its provisions should be applied prospectively.


                                    12
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


In May 2003, the FASB issued SFAS No. 150, "Accounting For Certain Financial
Instruments with Characteristics of both Liabilities and Equity".  SFAS No. 150
changes the accounting for certain financial instruments with characteristics
of both liabilities and equity that, under previous pronouncements, issuers
could account for as equity.  The new accounting guidance contained in SFAS No.
150 requires that those instruments be classified as liabilities in the balance
sheet.

SFAS No. 150 affects the issuer's accounting for three types of freestanding
financial instruments.  One type is mandatorily redeemable shares, which the
issuing company is obligated to buy back in exchange for cash or other assets.
A second type includes put options and forward purchase contracts, which
involves instruments that do or may require the issuer to buy back some of its
shares in exchange for cash or other assets.  The third type of instruments
that are liabilities under this Statement is obligations that can be settled
with shares, the monetary value of which is fixed, tied solely or predominantly
to a variable such as a market index, or varies inversely with the value of the
issuers' shares.  SFAS No. 150 does not apply to features embedded in a
financial instrument that is not a derivative in its entirety.

Most of the provisions of SFAS No. 150 are consistent with the existing
definition of liabilities in FASB Concepts Statement No. 6, "Elements of
Financial Statements".  The remaining provisions of this Statement are
consistent with the FASB's proposal to revise that definition to encompass
certain obligations that a reporting entity can or must settle by issuing its
own shares.  This Statement shall be effective for financial instruments
entered into or modified after May 31, 2003 and otherwise shall be effective at
the beginning of the first interim period beginning after June 15, 2003, except
for mandatorily redeemable financial instruments of a non-public entity, as to
which the effective date is for fiscal periods beginning after December 15,
2003.

Management does not expect the impact from these statements' pronouncements to
have a material impact on the Company's consolidated financial position or
results of operations.


                                   13
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 3  REVERSE MERGER
------  --------------

On January 22, 2003, Millagro SRL ("Millagro"), and its shareholders entered
into a Stock Purchase Agreement with Trezac International Corporation ("Trezac"
an inactive public shell) and the shareholders of Millagro agreed to sell to
Trezac, and Trezac agreed to purchase all of the outstanding shares of
Millagro, in exchange for 103,125,000 shares of Trezac having a par value of
$0.0001 representing sixty-three percent (63%) of the total outstanding common
shares of Trezac (including presently outstanding warrants and stock options of
Trezac) in a transaction that was treated as a reverse merger.

As a result of the Stock Purchase Agreement and completion of the reverse
merger, which has been accounted for as a recapitalization, Millagro legally
became a wholly owned subsidiary of Trezac, however for financial statement
presentation purposes, Millagro became the accounting acquirer and Trezac
became the accounting acquiree.  As a result, the consolidated financial
statements include; (1) the balance sheet of the accounting acquirer and the
acquiree at historical cost for the period presented and (2) the statements of
operations of the acquirer for all periods presented and the results of
operations of the acquiree from the date of merger to the date of presentation.

NOTE 4  PREPAID EXPENSES
------  ----------------

Prepaid expenses relate to deferred consulting costs of $579,448.  For the
period ended September 30, 2003, a charge to operations for amortization of the
prepaid consulting costs of $41,403 was recorded and is included in general and
administrative expenses.  The prepaid asset represents the deferred portion of
the fair value of stock and options issued to consultants for services that are
being expensed over their respective lives (See Note 2(O)).  A valuation write-
down charge is recorded when the total fair value of the options issued for
services is greater than the fair value of the services to be provided under
the respective agreements.  No valuation write-down was required as of
September 30, 2003.  The Company will continue to evaluate the recoverability
of the unamortized portion of the deferred consulting expense in subsequent
periods.

Additionally, the Company has prepaid professional fees in the amount of
$60,750 to be applied against future invoices.  Amortization, which is included
in general and administrative expenses in the accompanying statements of
operations, related to these professional fees was $7,292 for the period ended
September 30, 2003.


                                   14
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 5  INVENTORIES
------  -----------

Inventories are summarized as follows as of September 30, 2003:

Raw materials                  $
Work-in-process
Finished goods
                               --------------

                               $
                               ==============

Certain inventory is pledged as collateral for notes (See Note 9).

NOTE 6  PROPERTY, PLANT AND EQUIPMENT
------  -----------------------------

Property, plant and equipment consisted of the following as of September 30,
2003:

Land                                       $
Buildings, machinery and equipment
Construction in progress and other
                                           ---------------
     Gross
Less accumulated depreciation
                                           ---------------

     Net                                   $
                                           ===============

Depreciation expense for the nine months ended September 30, 2003 and 2002 was
approximately $_____ and $_____, respectively.  Certain property, plant and
equipment is pledged as collateral for notes (See Note 9).


                                    15
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 7  NOTES AND INTEREST RECEIVABLE - RELATED PARTY
------  ---------------------------------------------

The Company has two note agreements with an officer/stockholder aggregating
approximately $597,079, of which $540,000 represents a subscription receivable
in the accompanying balance sheets, which is recorded as a contra to equity. In
connection with the notes, the Company has recorded approximately $4,000 of
interest income for the three months ended September 30, 2003 in the
accompanying statements of operations.  During the three months ended September
30, 2003, the officer/stockholder made advances to the Company in the amount of
$50,000.  Accordingly, the Company and the officer/stockholder decided to
consolidate prior notes receivable and related accrued interest receivable into
one note receivable in the amount of $57,079. The terms of the note receivable
were substantially unchanged.  The note is unsecured with a maturity date of
February 20, 2007 and bears interest at 8% per annum with principal and accrued
interest due at maturity.  The Company has not loaned the officer/stockholder
any amounts since February 2002 in accordance with the Sarbanes Oxley Act of
2002.

NOTE 8  NOTES PAYABLE - RELATED PARTY
------  -----------------------------

The Company has loans from stockholders aggregating $78,250.  The original
terms of the notes were that they were unsecured, matured in forty-five days
from issuance date, and bore interest at 8% per annum with principal and
accrued interest due at maturity.  The notes were not repaid or extended at
their maturity dates and are in default as of September 30, 2003.  The Company
is currently working out a payment plan with the stockholders to repay the
notes.

Interest expense for the period ended September 30, 2003 of approximately $700
for the related party notes payable has been recorded by the Company and is
included in interest expense in the accompanying statements of operations.


                                    16
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 9  NOTES PAYABLE
------  -------------

Notes payable consisted of the following as of September 30, 2003:

Note to bank, due during 2003 and 2004 in various installments,
interest rate at 11%, collateralized by property, plant and
equipment                                                       $

Note to bank, due in 2003 and 2004 in various installments,
interest rate at 15%, collateralized by property, plant and
equipment

Note to bank, due April 1, 2003; interest rate at 25%,
collateralized by inventory and property, plant and equipment,
this note is currently in default, Millagro has extended
the note until April 1, 2004

Note to bank, due in 2003; interest rate at 13%, collateralized
by property, plant and equipment


Note to bank, due April 15, 2003, interest rate 11%,
collateralized by inventory and property, plant and equipment,
this note is currently in default, Millagro has extended
this note until December 31, 2003

Note to third party, due December 31, 2003, interest rate at 5%
                                                                -------------
Total notes payable
Less current portion
                                                                -------------


Notes payable non-current                                       $
                                                                =============


Total accrued interest as of September 30, 2003 was $______, which is included
in current liabilities in the accompanying balance sheet.


                                    17
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


NOTE 10  STOCKHOLDERS' EQUITY
-------  --------------------

On July 14, 2003, the Company declared a 6 for 5 forward stock split of all
common stock authorized, issued and outstanding.  All shares of common stock
and per share amounts have been retroactively adjusted to reflect the forward
split.

The Company uses the Black-Scholes option pricing model to estimate the fair
value of each option grant on the date of grant in accordance with SFAS No. 123
with the following weighted average assumptions: dividend yield of zero;
expected volatility of 323% to 339%; risk-free interest rate of 1.51% to 2.06%;
expected life of 2.45 to 2.65 years.

During June 2003, the Company issued 300,000 options, with an exercise price of
$.06 and a fair value of $29,739, to purchase 300,000 (360,000 post-split)
shares of common stock to a consultant for full payment on a consulting
invoice.  The options were immediately exercised.  As a result of the
transaction, the Company has recorded a current charge to operations of $18,000
during the period ended September 30, 2003.  Additionally, the Company recorded
a current charge to operations of $11,739 for an impairment charge since the
fair value of the options issued for these services was greater than the fair
value of the services to be provided under the agreement.

Also during June 2003, the Company issued 200,000 options, with an exercise
price of $.10 and a fair value of $20,000, to purchase 200,000 (240,000 post-
split) shares of common stock to a consultant for full payment on a consulting
invoice.  The options were immediately exercised.  As a result of the
transaction, the Company has recorded a current charge to operations of $20,000
during the period ended September 30, 2003.

Also during June 2003, the Company issued 100,000 options, with an exercise
price of $.10 and a fair value of $10,000, to purchase 100,000 (120,000 post-
split) shares of common stock to a consultant for full payment on a consulting
invoice.  The options were immediately exercised.  As a result of the
transaction, the Company has recorded a current charge to operations of $10,000
during the period ended September 30, 2003.


                                   18
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


Also during June 2003, the Company issued 1,550,000 options, with an exercise
price of $.10 and a fair value of $155,000, to purchase 1,550,000 (1,860,000
post-split) shares of common stock to a consultant for full payment on a
consulting invoice.  The options were immediately exercised.  As a result of
the transaction, the Company has recorded a current charge to operations of
$155,000 during the period ended September 30, 2003.

Also during June 2003, the Company issued 1,000,000 options, with an exercise
price of $.05 and a fair value of $89,248, to purchase 1,000,000 (1,200,000
post-split) shares of common stock to a consultant for full payment on a
consulting invoice.  The options were immediately exercised.  As a result of
the transaction, the Company has recorded a current charge to operations of
$50,000 during the period ended September 30, 2003.  Additionally, the Company
recorded a current charge to operations of $39,248 for an impairment charge
since the fair value of the options issued for these services was greater than
the fair value of the services to be provided under the agreement.

On July 8, 2003, the Company issued 36,833,340 (44,200,008 post-split) common
shares of the Company's common stock to several consultants for future
consulting services.

On August 1, 2003, the Company issued 166,000 shares valued at $0.03 per share
or $4,980 to a consultant for services rendered.


NOTE 11  COMMITMENTS AND CONTINGENCIES
-------  -----------------------------

(A) Joint Marketing Agreement
-----------------------------

The Company has a joint marketing agreement with AdServers Online LLC to act as
the non-exclusive sales representative for the Company's products and services
for a period of three years ending in July 2004 and may be automatically
renewed for successive one-year periods.  The Company shall pay commissions of
20% or 50% on net revenues generated from the sale of the Company's non-primary
and primary products and services, respectively.  Since no revenues have been
generated through September 30, 2003, no commissions have been paid.


                                    19
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


(B) Litigation
--------------

Trezac's subsidiary, FCOM, Inc. and its Chairman and CEO; Paul Taylor have been
named as Defendants in Case Number 2001 CV 6319, filed on November 4th, 2001 in
the District Court, Denver, Colorado, and Case # 2002 CA 006402AE In the
Circuit Court In and for Palm Beach County, Florida by an FCOM Inc., Unit
holder who purchased 100,000 Units of FCOM Inc., for $50,000 in the 3rd Qtr of
2000.  The Shareholder has been granted a default judgment of $364,000 in
damages plus attorney's fees of $18,196.50, plus post judgment interest of 8%.
It is the opinion of management that the ultimate resolution of this complaint
will not materially affect the Company's consolidated financial position and,
therefore has not recorded a contingent liability in the accompanying financial
statements.

Trezac's subsidiary, FCOM, Inc. and its Chairman and CEO; Paul Taylor have been
named as Defendants in Case Number 02-CA-2461 filed on June 22nd 2002 in the
District Court, Denver, Colorado.  The plaintiff, Ms. Christy O'Conner was a
founder, officer and general legal counsel to FCOM Inc.  In February 2002,
Christy O'Connor settled with Douglas Black in Case Number 2001 CV 6319, filed
on November 4th, 2001 in the District Court, Denver, Colorado for an
undisclosed amount and was dismissed by Douglas Black without prejudice.  In
April, 2002, FCOM Inc., brought Christy O'Connor back into the above action as
a third party defendant alleging breach of fiduciary duties as an officer,
conspiracy, conversion and legal malpractice.  In the same action FCOM Inc.,
also sued Lee Duran, a former employee of FCOM Inc., and Douglas Black a unit
holder of FCOM Inc.  It is the opinion of management that the ultimate
resolution of this complaint will not materially affect the Company's
consolidated financial position and, therefore has not recorded a contingent
liability in the accompanying financial statements.

The Company from time to time may be involved in litigation incidents to the
conduct of its business.  Certain litigation with third parties, present and
former shareholders of the Company are routine and incidental.


                                    20
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


(C) Operating Leases
--------------------

The Company leases certain land, facilities, and equipment under non-cancelable
operating leases that range from two to seven years.  Rental expense for
operating leases was $41,518 and $63,719 for the six months ended September 30,
2003 and 2002.  Future minimum payments under non-cancelable operating leases
with initial or remaining terms of one year or more consist of the following as
of September 30, 2003:

                                            Operating Leases
                                            ----------------

                       2004                 $
                       2005
                       2006
                       2007
                       2008
                                            ----------------

          Total minimum lease payments      $
                                            ================

(D) Capital Lease
-----------------

During 2001, the Company entered into a capital lease obligation for the
purchase of various equipment.  The obligation bears interest at 17% with a due
date of December 2004.  The Company had unpaid interest as of September 30,
2003 of $4,268.  The capital lease obligation is collateralized by the
equipment.  Leased capital assets included in property and equipment as of
September 30, 2003 was $218,090.

NOTE 12  CURRENT VULNERABILITY DUE TO CERTAIN CONCENTRATION
-------  --------------------------------------------------

The Company's operations are conducted in the Republic of Moldova.
Accordingly, the Company's business, financial condition, and results of
operations may be influenced by the political, economic, and legal environments
in the Republic of Moldova, and by the general state of the Moldovian economy.


                                     21
<PAGE>


              TREZAC INTERNATIONAL CORPORATION AND SUBSIDIARIES
                         (F/K/A TREZAC CORPORATION)
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          AS OF SEPTEMBER 30, 2003
                          ------------------------


The Company's operations in the Republic of Moldova are subject to
considerations and significant risks not typically associated with companies in
North America and Western Europe.  These include risks associated with, among
others the political, economic, and legal environments and foreign currency
exchange.  The Company's results may be adversely affected by changes in the
political and social conditions in the Republic of Moldova, and by changes in
governmental policies with respect to laws and regulations, anti-inflationary
measures, currency conversion and remittance abroad, and rates and methods of
taxation among other things.

NOTE 13  GOING CONCERN
-------  -------------

The Company's financial statements for the nine months ended September 30, 2003
have been prepared on a going concern basis, which contemplated the realization
of assets and the settlement of liabilities and commitments in the normal
course of business.  The Company has a net loss from operations of $495,376 and
a negative cash flow from operating activities of $130,917 for the nine months
ended September 30, 2003, and a working capital deficiency of $1,608,489 as of
September  30, 2003.  Due to the net losses and negative cash flows from
operating activities since inception, the Company may not be able to meet such
objectives as presently structured.  The consolidated financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.



                                      22
<PAGE>


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATIONS

The following is a discussion of certain factors affecting Registrant's results
of operations, liquidity and capital resources.  You should read the following
discussion and analysis in conjunction with the Registrant's  consolidated
financial statements and related notes that are included herein under Item 1
above.


CAUTIONARY STATEMENTS FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995.

The statements contained in the section captioned Management's Discussion and
Analysis of Financial Condition and Results of Operations which are historical
are "forward-looking statements" within the meaning of Section 27A of  the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended.  These forward-looking statements represent the
Registrant's present expectations or beliefs concerning future events.  The
Registrant cautions that such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause  the  actual
results, performance or achievements of the Registrant to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements.  Such factors include, among other
things, the uncertainty as to the Registrant's future profitability; the
uncertainty as to the demand for Registrant's services; increasing competition
in  the markets that Registrant conducts business; the Registrant's ability to
hire, train and retain sufficient qualified personnel; the Registrant's ability
to obtain financing on acceptable terms to finance its growth strategy; and the
Registrant's ability to develop and implement operational and financial systems
to manage its growth.



Plan of Operation
-----------------

Trezac International Corporation's ("Trezac" or "the Company") primary
business is to achieve a high rate of capital growth for its shareholders by
acquiring significant holdings in companies which it's Board of Directors and
advisors consider fundamentally sound, well run and profitable, but which are
valued at a discount to independent appraisal of their private market value.
We identify and acquire agricultural and food businesses in the $4 billion
Moldovan Agriculture market.  The Company presently owns and manages three
agriculture subsidiaries; Millagro SRL, Magroselect Prim SRL and Nutret SA.

The Company has moved its business focus this past year from the marketing of
Internet Service Providers (ISP's) delivering an advertising and promotion
infrastructure to acquiring Food and Agriculture businesses in Eastern Europe,
particularly in the Republic of Moldova.




                                       23
<PAGE>


On January 22, 2003, the Company entered into a Stock Purchase Agreement
("the Agreement") with Millagro SRL,, an Agriculture Company doing business in
the Republic of Moldova, ("the Acquiree") whereby the Company will acquire 100%
of the ownership interests in the Acquiree for a total consideration of
$8,250,000. The consideration will be paid by the Company's issuance of Rule
144 restricted shares of common stock on the effective date of the agreement.
Generally accepted accounting principles in the United States of America
require that the company whose shareholders retain a majority interest in a
business combination be treated as the acquirer for accounting purposes.  As a
result of the exchange, Millagro SRL will become the majority shareholder and
accordingly the accounting acquirer and the transaction will be treated as a
reverse acquisition and recapitalization of Millagro SRL.  The transaction is
expected to close during May, 2003.

The Company's acquisition strategy in Eastern Europe is designed to take
advantage of standard western computerized business applications, accounting
and inventory controls and a focus on building a group of synergistical
Agriculture and Food Product Companies under the umbrella of a holding company.
Our geographical acquisition focus will be the Republic of Moldova.
Management's business plan is to be involved in the ownership of land in
Moldova, production and distribution and sales of significant portions of
Moldova's line of staple food products.  The Company plans to achieve
economies-of-scale by instituting modern management practices and practical
accounting and inventory consolidation, distribution and sales. The Company has
laid plans to grow through acquisition, combination and/or merger.  The
Company's Moldovan executives and management are extremely experienced managers
of farming and food production businesses.

On November 17, 2003, the Board of Directors and the a majority of shareholders
voted to change the Company's name from Trezac International Corporation to
Millagro International Corporation, which better reflects the Company's
new business focus.


The Republic of Moldova

Overview of Country and Macro Economy

Moldova is probably Europe's poorest nation.  Since 1995 Trade from Moldova has
been liberalized and there are no quotas or other restrictions on exports, with
the exception of the August 2000 European Union ban on the import of Moldovan
wine for hygiene concerns. Privatization was introduced after Moldova declared
independence and the majority of the economy has been turned over to private
hands.

Agriculture is the foundation of the Moldovan economy and accounted for 28% of
Gross Domestic Product (GDP) in 2000. Arable farming is the largest sector due
to the country's unusually rich soil, 75% of the Moldovan land mass is covered
in exceptionally fertile Chernozem soil.  Industry accounts for about 20% of
GDP.  The main industry is food processing, using the agricultural produce of
 the land. Food and agricultural products account for about 50% of all Moldovan
exports. During the Soviet era Moldova was given the primary role of prod
ucing food products for the rest of the Soviet Union. Also, during Soviet rule
military and consumer goods manufacturing plants were set up. The main import
s in Moldova are fuel, electricity and mineral products. Most fuel is imported
from Russia's Gazprom.


                                      24
<PAGE>

Moldova was once the region of Bessarabia, the eastern half of the historic
principality of Moldavia. The country has been occupied and ruled by a number
of different countries over it's history but is now a fully independent
republic.

In August 1939, the USSR acquired the Bessarabian region of Moldavia as a
result of the German-Soviet Nonaggression Pact. The war brought new occupiers,
Germany, but by 1944 the Soviets ruled again and renamed the area the Moldavian
SSR.

On August 1991, high-ranking officials of the CPSU and the Government of the
Soviet Union announced that they had formed the State Committee for the State
of Emergency and had removed Mikhail S. Gorbachev as the head of state. Leaders
of most of the Soviet republics and many foreign leaders denounced the coup.
Some key military commanders refused to deploy their forces in support of the
coup leaders, and by August 22 the coup had collapsed. As a consequence of the
failed coup, the CPSU and the Soviet central government were severely
discredited, Gorbachev resigned, ten of the fifteen Soviet republics declared
or reaffirmed their independence (including Belarus and Moldova), and the
Congress of People's Deputies dissolved the Soviet Union and itself after
transferring state power to a transitional government.

In 1991 the country officially changed its name to the present day, Republic of
Moldova declaring it's independence from the USSR. Moldova was to later join
the Commonwealth of Independent States (CIS). In Parliamentary elections in 1998
the re-established Communist Party of Moldova won the largest share of seats,
but without a majority, so a coalition Government was formed.

Moldova enjoys a favorable climate and excellent farmland.  As a result, the
Moldovan economy depends heavily on agriculture, featuring fruits, vegetables,
vineyards, and tobacco.  Moldova imports almost all of its supplies of energy.
Oil, coal, and natural gas, are largely purchased from Russia.  Energy
shortages contributed to sharp production declines after the breakup of the
Soviet Union in 1991.  As part of an ambitious post Soviet reform effort,
Moldova introduced a stable convertible currency, freed all prices, stopped
issuing preferential credits to state enterprises, backed steady land
privatization, removed export controls, and freed interest rates.

After a decade of deteriorating economic performance, Moldova has
successfully stabilized its economy, launched structural reforms to stimulate
growth, and begun the process of establishing an effective social protection
system. While the Government has made notable progress in the macro economic
and structural reform process in the last three years, a significant reform
agenda remains. Today, Moldova is the poorest nation in Europe, having started
out at independence as a middle-income country. With economic recovery only in
its second year, poverty is still very high. Moldova has also become one of the
region's most heavily indebted countries. The average Moldovan monthly salary
for the year 2001 was approximately $45.00. Moldova's GDP per capita in 2001
was some US$ 407, or about half of the 1995 figure, which is significantly
below the average for the CIS and Central European countries. Income inequality
is high as are the disparities between large cities and the rest of the
country. The 1998 regional financial crisis significantly exacerbated Moldova's
external indebtedness. Total external debt increased from virtually zero at the
beginning

                                   25
<PAGE>

of the 1990s to over US$1.2 billion (or 83 percent of GDP) at end-2001, of
which 77 percent was public and publicly guaranteed debt. Additionally, there
remain outstanding external arrears on energy imports to foreign suppliers
(mostly Gazprom) estimated at US$298 million (or 20 percent of GDP).

Moldova's economic performance during the past three years has been
positive, benefiting from favorable external factors, prudent fiscal and
monetary policies, and structural reforms in the agricultural and energy
sectors. Increased investment and demand for exports contributed to an
acceleration of GDP growth from -3.4 percent in 1999 to 2.1 and 6.1 percent,
respectively, in 2000-01. Inflation fell from 39 percent in 1999 to a single
digit rate of 6.4 percent at the end of 2001.  This, combined with increased
workers' remittances and direct investments, helped stabilize the exchange rate
which stood at 36 percent of its 1997 level.  The Moldovan currency
depreciated by 3.7 percent in real terms during 2000-2001. The current account
balance has stabilized, although its vulnerability to external shocks remains
high as the economy is highly dependent on export commodities and markets, and
on energy imports. Due to limited domestic financing, the deficit is financed
mostly by direct foreign investment.

Since Moldova joined the World Bank in 1992 and the International
Development Association (IDA) in 1994, Bank lending has provided consistent
support for the country's economic reform program. Early lending focused on
providing adjustment support, strengthening the private sector in both the
agriculture and enterprise sectors, and improving the economic and financial
management of the energy sector.

The 1999 - 2001 Country Assistance Strategy focused on three inter-related
objectives: macroeconomic stability and growth, private sector development, and
public sector reform. The strategy gave priority to achieving a stable
macroeconomic framework linked to key structural reforms to create the basis
for growth in an open market economy. Support was provided in agriculture,
enterprise and energy to stimulate a supply response and promote private
sector-led growth.

These objectives continue to frame the key development challenges for
Moldova under the broad goal of poverty reduction. A major objective of the
Bank is to support the country's efforts to prepare the Poverty Reduction
Strategy Paper. In this context, it will support Government's actions to
sustain sound macroeconomic policies building on the successful stabilization
efforts of recent years. Key among these is maintaining a fiscal stance which
is consistent with low inflation, and maintaining social expenditures at
current levels in real terms, while improving their targeting and efficiency by
rationalizing excess facilities and staffing.

The Bank continues to support the development of the private sector to
further strengthen the role of market forces in the economy.

Another important area that will be supported is the public sector reform
that includes public administration reform and a merit-based civil service with
concomitant salary reforms. Public expenditure reforms, including strategic
planning, expenditure rationalization, expenditure monitoring and a robust
audit function are also important measures.

                                     26
<PAGE>

Moldovan Agriculture

The Moldovan agriculture stratum is diversified, with contrasting geographical
features. The relief consists of hills, deep river valleys and depressed
plains. The highest altitude is 430 meters above sea level.  According to
Koeppen's classification, the country has a combination of cold, temperate and
dry types of climate, depending on the location. Annual precipitation ranges
from 500-550 millimeters in the North, to 450 millimeters in the centre and 350
millimeters in the South. Distribution of precipitation is uneven, resulting in
frequent droughts; moisture deficits and frost affect adversely certain crops;
and torrential rains in the warm period cause soil erosion.

Arable land and permanent crops cover approximately 2.7 million hectares
("ha"), One hectare equals 2.471 acres, most of which is on Chernozem soil,
rated among the most fertile soils of the world, with organic matter up to 5
percent; pastures and forests cover about 0.4 million ha each.

After independence was declared, the land was privatized, and ownership
distributed to eligible citizens. The average family was entitled to plots of
between 1.5 and 2.5 ha. At the end of 2000, 82% of the agricultural land was in
private ownership.  Four categories of farming businesses emerged: (i) small
individual farmers; (ii) individual commercial farmers; (iii) farmers in
associations with close relatives; and (iv) farmers in large groups or
cooperatives (from less than 10 farmers to large, joint-stock companies). The
last category comprises either groups formed spontaneously and taking decisions
by mutual agreement, or segments of old collectives that retain some efficiency
but meet new types of managerial problems and cash flow problems.

The minor size of many farms precludes the use of much modern agricultural
machinery and advanced seed and analysis technologies; for that reason, manual
labor and no technical advancement continues to be the norm, leading to poor
efficiency and low profitability. To overcome these constraints, commercial
farmers rent or lease the land from people who have retired or simply does not
have the equipment needed to work the land. Two farmers' associations were
created in 1996, with respectively 25,000 and 50,000 members, to defend the
rights and interests of the private farmers. Successful cooperatives have also
been established throughout the country.

The law for the Protection of Plant Varieties recognizes and protects
rights certified by the grant of a variety patent. The authorities responsible
for the legal protection of the varieties are: the National Council for Plant
Varieties (for overall policy and authorization to use varieties); the State
Commission for Variety Testing (for testing and maintaining the Register of
Plant Varieties); and the State Agency for the Protection of Intellectual
Property (for receiving requests, effecting registrations, publishing
information and granting patents). New varieties must satisfy the DUS criteria.
The breeder of a new variety has the right to an equitable remuneration of no
less than 15% from any proceeds.



                                    27
<PAGE>


The 1991 Act of the UPOV Convention entered into force in respect of the
Republic of Moldova.  The Selectia Research Institute undertakes plant breeding
activity for wheat, barley, (hybrid) sunflower, (hybrid) sugar beet with the
co-operation of nine professional Moldovan agriculture businesses.  Two
varieties of winter wheat commonly grown in Moldova were developed at the
Selectia Research Institute.  The Porubeni Research Institute breeds maize.
Both institutes are financed by the Ministry of Agriculture and Processing
Industry (MAPI) and are linked to the Moldovan Academy of Science and
Agriculture.

Agriculture represents the basis of the Moldovan economy, comprising 20 to
30 percent of GDP and provides seasonal employment for almost half of the
population. Agricultural production accounts for 75 percent of the country's
total exports in 2002. This specialization in agricultural production is due to
favorable climatic conditions and higher than average chernozem soil fertility.
Seventy-five percent of the total territory is agricultural land and over half
of the population live in rural areas. Various products such as cereals,
sunflowers, sugar beets, potatoes, vegetables, tobacco, fruits and grapes grow
in Moldova.  In 2000, harvest of cereals (principally wheat and corn) and
legumes decreased 11 percent to 1,931 thousand tons from a year earlier. This
was due to a lower average yield per ha. At the same time, sunflower yield
increased 3 percent to 295 thousand tons, which was attributable to enlargement
of cultivated areas. Weather conditions in 2000 were favorable to grapes and
fruits. Output of fruits and berries increased from 136 thousand tons in 1999
to 255 thousand tons in 2000.  Grape yield increased 50 percent to 701 thousand
tons. Meat output decreased almost 20 percent, largely due to unfavorable
livestock breeding conditions. Farm livestock of all kinds has been
continuously declining, with the head count of pigs being the most affected. In
2000, the total number was 447 thousand pigs, down 35 percent from 1999.

Chernozem Soil

Moldova benefits from Chernozem soil (Russian for black earth).  A fertile
black soil that covers approximately 75 percent of Moldova's land area.
The characteristic soil of the tall grass, temperate grassland biome is
typically calcareous. The thick surface A-horizon is made up of dark
humus with a fine granular or crumb structure, resulting from the activities of
earthworms and other fauna. Humus is an organic matter that has decayed to a
relatively stable, amorphous state. It is an important biological constituent
of fertile soil. Humus is formed by the decomposing action of soil
microorganisms (e.g., bacteria and fungi), which break down animal and
vegetable material into elements that can be used by growing plants.
Technically, humus, as the end result of this process, is less valuable for
plant growth than are the products formed during active decomposition.  Because
of its low specific weight and high surface area, humus has a profound effect
upon the physical properties of mineral soils with regard to improved soil
structure, water intake and reservoir capacity, ability to resist erosion, and
the ability to hold chemical elements in a form readily accessible to plants.
The richness of humus in Moldovan soil is a result of a good relationship
between input and output, the rapid growth of tall grass in the hot, moist
spring and early summer encourages large organic inputs in the form of leaf and
root decay. Light rainfall and high rates of evaporation result in only a mild
degree of leaching and so the upper horizons are neutral or only


                                  28
<PAGE>


slightly acid bases such as potassium and nitrogen are moved downwards only
slowly. In the summer this is compensated by the upward movement of capillary
water bringing bases near the surface. The A-horizon is thus nutrient rich. The
alternating dry and wet seasons immobilize iron and aluminum sesquioxides and
clay in the upper horizon and this together with the large number of mixing
agents, limits the formation of a recognizable B horizon. The upward movement
of moisture in the summer causes calcium carbonate to be deposited, often in
the form of nodules in the upper C-horizon.  Chernozem is regarded as the
optimum soil for agriculture as it is deep, rich in organic matter, retains
moisture, and has an ideal crumb structure.


Going Concern
-------------

The Company's financial statements for the nine months ended September 30, 2003
have been prepared on a going concern basis, which contemplated the realization
of assets and the settlement of liabilities and commitments in the normal
course of business.  The Company has a net loss from operations of $10,538,502
since inception and a negative cash flow from operating activities of $1,039,239
since inception.  Due to the net losses and negative cash flows from operating
activities since inception, the Company may not be able to meet such objectives
as presently structured.  The consolidated financial statements do not include
any adjustments that might result from the outcome of this uncertainty.  (See
Financial Footnote 15.)


Results of Operations
---------------------

During the nine months ended September 30, 2003, the Company generated Revenues
of $1,312,567, as compared to revenues of $1,226,588 for the same period last
year.  Cost of sales for the nine months ended was $1,187,922 or 90% of
revenues versus $1,154,134 or 94% for the same period last year.  For the nine
months ended September 30, 2003, the Company incurred a net loss of $(623,419)
as compared to net loss of $(88,057) for the same period last year.  As compared
to the first nine months for same period last year, the Company's net loss
increased by $535,362, this was due primarily to an increase in administrative
expenses.  The net loss for the nine month period included general and
administrative expenses of $528,544 as compared to $168,113 for the same period
last year.  Other expenses for the nine months ended September 30, 2003,
included depreciation expense of $16,680 as compared to $12,795 for the same
period last year.

During the three months ended September 30, 2003, the Company generated
revenues of $896,481, this compares to revenues of $664,067 for the same period
last year.  For the three months ended September 30, 2003, the Company
experienced a net loss of $(79,676) as compared to net loss of $(43,287) for the
same period last year.  The increase in net loss was due to an increase of
administrative expenses.

Management does not believe the company will generate any significant
profit in the near future, as developmental, marketing costs and acquisition
costs will most likely exceed any anticipated revenues.



                                      29
<PAGE>


Liquidity and Capital Resources
-------------------------------

The Company had authorized 100,000,000 shares of $0.0001 par value common
stock, prior to 2002.  In January, 2002, the Board of Directors approved an
amendment to the articles of incorporation to increase the authorized shares
of common stock from 100,000,000 to 500,000,000.

As of September 30, 2003, the Company's current liabilities exceeded its
current assets by approximately $1,569,786.

During June 2003, the Company issued 300,000 options, with an exercise
price of $.06 and a fair value of $29,739, to purchase 300,000 (360,000
post-split) shares of common stock to a consultant for full payment on a
consulting invoice.  The options were immediately exercised.  As a result
of the transaction, the Company has recorded a current charge to
operations of $18,000 during the period ended September 30, 2003.
Additionally, the Company recorded a current charge to operations of
$11,739 for an impairment charge since the fair value of the options
issued for these services was greater than the fair value of  the services
to be provided under the agreement.

Also during June 2003, the Company issued 200,000 options, with an
exercise price of $.10 and a fair value of $20,000, to purchase  200,000
(240,000 post-split) shares of common stock to a consultant for full
payment on a consulting invoice.  The options were immediately exercised.
As a result of the transaction, the Company has recorded a current charge
to operations of $20,000 during the period ended September 30, 2003.

Also during June 2003, the Company issued 100,000 options, with an
exercise price of $.10 and a fair value of  $10,000, to purchase 100,000
(120,000  post-split) shares of common stock to a consultant for full
payment on a consulting invoice.  The options were immediately exercised.
As a result of the transaction, the Company has recorded a current charge
to operations of $10,000 during the period ended September 30, 2003.

Also during June 2003, the Company issued 1,550,000 options, with an
exercise price of $.10 and a fair value of $155,000, to purchase 1,550,000
(1,860,000 post-split) shares of common stock to a consultant for full
payment on a consulting invoice.  The options were immediately exercised.
As a result of the transaction, the Company has recorded a current charge
to operations of $155,000 during the period ended September 30, 2003.

Also during June 2003, the Company issued 1,000,000 options, with an
exercise price of $.05 and a fair value of $89,248, to purchase 1,000,000
(1,200,000 post-split) shares of common stock to a consultant for full
payment on a consulting invoice.  The options were immediately exercised.
As a result of the transaction, the Company has recorded a current charge
to   operations of $50,000 during the period ended September 30, 2003.
Additionally, the Company recorded a current charge to operations of
$39,248 for an impairment charge since the fair value of the options
issued for these services was greater than the fair value of the services
to be provided under the agreement.


                                    30

<PAGE>



Item 3. Controls and Procedures

As of the end of the period covered by this report, the Company conducted an
evaluation, under the supervision and with the participation of the principal
executive officer and principal financial officer, of the Company's disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Securities Exchange Act of 1934 (the "Exchange Act").  Based on this
evaluation, the principal executive officer and principal financial officer
concluded that the Company's disclosure controls and procedures are effective to
ensure that information required to be disclosed by the Company in reports that
it files or submits under the Exchange Act is recorded, processed, summarized
and reported within the time periods specified in Securities and Exchange
Commission rules and forms.  There was no change in the Company's internal
control over financial reporting during the Company's most recently completed
fiscal quarter that has materially affected, or is reasonably likely to
materially affect, the Company's internal control over financial reporting.



                                     31
<PAGE>



                           PART II OTHER INFORMATION

ITEM 1.  Legal Proceedings


The Company from time to time may be involved in litigation incident to the
conduct of its business.  Certain litigation with third parties and
present and former shareholders of the Company are routine and incidental.

Trezac's subsidiary, FCOM, Inc. and its Chairman and CEO; Iurie Bordian have
been named as Defendants in Case Number 02-CA-2461 filed on June 22, 2002 in
the District Court, Denver, Colorado.  The plaintiff, Ms. Christy O'Conner
was a co-founder, officer and general counsel to FCOM Inc.

In February 2002, Christy O'Connor settled with Douglas Black in Case Number
2001 CV 6319, filed on November 4, 2001 in the District Court, Denver,
Colorado for an undisclosed amount and was dismissed without prejudice.  In
April, 2002 FCOM Inc., brought Christy O'Connor back into the above action
for conspiracy, conversion and legal malpractice. In the same action FCOM Inc.,
sued Lee Duran, a former employee of FCOM Inc., and a co-defendant in Case
Number 2001 CV 6319, and broker for Douglas Black, the Plaintiff in Case Number
2001 CV 6319.

It is the opinion of management that the ultimate resolution of this
complaint will not materially affect the Company's consolidated financial
position and, therefore has not recorded a contingent liability in the
accompanying financial statements.



ITEM 2.  Changes in Securities and Use of Proceeds

During the July, 2003, the Company registered 37,000,000 common shares
under Regulation S-8 filed with the U.S. Securities and Exchange Commission.
These Shares were registered to pay fees to consultants.

On July 14, 2003, the Company declared a 6 for 5 forward stock split of all
common stock authorized, issued and outstanding.

In July, 2003, a supermajority of shareholders determined that it was in the
best interest of the Corporation to withdraw or cause the withdrawal of the
Corporation's stock certificates from the settlement system provided by
Depositary Trust Corporation ("DTC"), and the holding of said securities by
Broker-Dealers in order to combat the naked short selling that has occurred
in the Corporation's stock.  Therefore, management felt that in the best
interest of the shareholders to enact the following:

   1. That all common stock of the Corporation be registered in beneficial name
      only and the shares of the Corporation be restricted therewith.  In
      furtherance and clarification thereof, nominee registration shall not be
      permitted.

   2. That all shares and shareholders henceforth waive all objections to the
      disclosure of the beneficial owner of said security and provide and
      authorize disclosure thereof.

   3. That all certificates of the Company be legended with the following
      caption:

      "Transfer of the shares evidenced by this certificate is restricted to
      registration only as follows: Registration in beneficial holders name,
      registration in  nominee disclosing beneficial holder, FBO, ITF, all
      registrations in broker dealer or bank name must be accompanied by an
      affidavit notarizing said party is beneficial owner.  Any holder hereby
      authorizes disclosure of true beneficial interest thereof and
      waives any objection thereto, pursuant to the terms of a shareholder
      vote dated June 23rd, 2003, copy of which may be obtained from the
      Company."

On July 8, 2003, the Company issued 36,833,340 (44,200,008 post-split)
common shares of the Company's common stock to several consultants  for
future consulting services.

On August 1, 2003, the Company issued 166,000 shares valued at $0.03 per
share or $4,980 to a consultant for services rendered.

On September 18, 2003, the Company issued 5,000,000 shares to pay fees to
consultants.


                                   32

<PAGE>


ITEM 3.  Defaults upon Senior Securities

None.

ITEM 4.  Submission of Matters to a Vote of Security Holders

During the three months ended September 30, 2003, no matters were submitted to
the Company's security holders.

ITEM 5.  Other Information

On November 17, 2003, the Board of Directors and the a majority of shareholders
voted to change the Company's name from Trezac International Corporation to
Millagro International Corporation, which better reflects the Company's
new business focus.  Management is in the process of filing Amended Articles
with the Texas Corporation Commission to officially change the name of
the Company.

ITEM 6.  Exhibits and Reports on Form 8-K


  Exhibit
  Number        Title of Document
  --------------------------------------------

    31.1     Certifications of the Chief Executive Officer pursuant to
             Section 302 of the Sarbanes-Oxley Act of 2002

    31.2     Certifications of the Chief Financial Officer pursuant to
             Section 302 of the Sarbanes-Oxley Act of 2002

    32.1     Certifications 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     Certifications 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

(b)  Reports on Form 8-K

The Company filed a Current Report dated October 10, 2003, pursuant to Item 5
("Other Items"), and, Item 6. ("Resignation of Registrant's Directors")."

The Company filed a Current Report dated October 16, 2003, pursuant to Item 5
("Other Items"), entitled "Change of Company address."

The Company filed a Current Report dated October 17, 2003, pursuant to Item 1
("Changes in Control of the Registrant").




                                      33
<PAGE>



                                 SIGNATURES

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


                                       TREZAC INTERNATIONAL CORPORATION
                                       --------------------------------
                                                 Registrant

Dated:  December 16, 2003

                                     By:   /s/ Iurie Bordian
                                     ----------------------------------
                                               Iurie Bordian
                                               Chairman, President
                                               Chief Executive Officer
                                               Secretary


In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the Registrant and in the capacities and
on the dates indicated.

Dated:  December 16, 2003

                                     By:  /s/  Iurie Bordian
                                     ----------------------------------
                                               Iurie Bordian
                                               Chairman, President
                                               Chief Executive Officer
                                               Secretary

                                    34

<PAGE>