U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 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      000-28107
                                         ---------------------

                               OSPREY GOLD CORP.
     -----------------------------------------------------------------------
         (Exact Name of Small Business Issuer as Specified in Its Charter)
                     Formerly known as : Incitations, Inc.

              NEVADA                                      88-0335710
         -----------------------------             -----------------------
         (State or Other Jurisdiction of             (I.R.S. Employer
          Incorporation or Organization)              Identification No.)


                       800 North Rainbow Blvd. Suite 308
                            Las Vegas, Nevada, 89107
                    ----------------------------------------

                  (Address of principal administrative  offices)
                            (City, State, Zip Code)


                                  (702) 948-5000
                       -----------------------------------
                          (Registrants telephone number)

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

         As of September 30, 2003, 24,544,092 shares of the issuer's common
         stock, par value $.0002 per share, were outstanding.

Transitional Small Business Disclosure Format (check one):   Yes   No X
                                                                ---   ---



<PAGE>



Part I. Financial Information
OSPREY GOLD CORP.
(formerly)
Incitations, Inc.
(A DEVELOPMENT STAGE COMPANY)


<PAGE>



                               OSPREY GOLD CORP.
                          (FORMERLY INCITATIONS, INC.)
                          (A Development Stage Company)


                             FINANCIAL STATEMENTS
                                (U.S. Funds)
                                (Unaudited)

                              SEPTEMBER 30, 2003





<PAGE>


                            OSPREY GOLD CORP.
                       (FORMERLY INCITATIONS, INC.)
                       (A Development Stage Company)


                        SEPTEMBER 30, 2003

                              CONTENTS


                                                        PAGE
INTERIM FINANCIAL STATEMENTS

Balance Sheet                                            I

Statement of Operations                                  II

Statement of Stockholders' Equity (Deficit)              III

Statement of Cash Flows                                   IV

Notes to Financial Statements                           V - X




<PAGE>


                                                             PAGE  1



                             OSPREY GOLD CORP.
                        (FORMERLY INCITATIONS, INC.)
                        (A Development Stage Company)


                              BALANCE SHEET
                              (U.S. Funds)
                              (Unaudited)


                             SEPTEMBER 30, 2003

                                ASSETS

                                                SEPTEMBER 30     December 31
                                                 2003            2002
                                                -------        -----------

CURRENT
 Cash                                           $ 1,122        $        -
 Accounts receivable                              3,094                 -
                                                -------        -----------
                                                  4,216                 -



OFFICE EQUIPMENT                                    501                 -
                                                -------        -----------
                                               $  4,717        $        -
                                               ========        ===========



                          LIABILITIES
CURRENT
 Accounts payable and accrued liabilities      $ 21,665        $  158,891
 Advances from a corporate shareholder (Note 5)  59,824                 -
 Advances from related company                        -           234,836
                                               --------        -----------
                                                 81,489           393,727
                                               --------        -----------



                      CAPITAL DEFICIENCY
CAPITAL STOCK
 AUTHORIZED
     20,000     Preferred stock at $0.0002 par value
300,000,000     Common stock at $0.0002 par value

ISSUED AND OUTSTANDING
 24,544,092     Common shares                     4,909               108

STOCK TO BE ISSUED
 500,000        Common shares                   310,000                 -
                                             ----------          --------
                                                314,909               108

ADDITIONAL PAID-IN CAPITAL                    1,397,790           306,296
DEFICIT ACCUMULATED DURING THE DEVELOPMENT
STAGE                                        (1,789,471)         (700,132)
                                             -----------         ---------
                                                (76,772)         (393,727)
                                             -----------         ---------

                                                $ 4,717          $      -
                                               =========         =========




See accompanying notes to financial statements.



<PAGE>


                                                                  PAGE  2



                            OSPREY GOLD CORP.
                     (FORMERLY INCITATIONS, INC.)
                     (A Development Stage Company)


                        STATEMENT OF OPERATIONS
                             (U.S. Funds)
                             (Unaudited)

<TABLE>
<CAPTION>

                                                                                 From
                                                                                Inception
                                                                                Date March
                           Three Months Ended         Nine Months Ended          28,1995-
                             SEPTEMBER 30               SEPTEMBER 30           SEPTEMBER 30,
                                -------                  -------                --------
                          2003        2002           2003        2002            2003
                         -----       ------         ------     --------         -------
<S>                   <C>           <C>             <C>         <C>             <C>

REVENUE               $     -       $      -        $     -      $     -          $    -

EXPENSES               1,226,482      34,368         1,491,964     67,885          2,192,096
                      ----------    ------------    ----------    ----------     -----------

NET LOSS FROM
OPERATIONS            (1,226,482)    (34,368)       (1,491,964)   (67,885)        (2,192,096)

FORGIVENESS OF DEBT
(Note 7)                    -              -           402,625         -             402,625
                      ----------    ------------    ----------    ----------     ------------

NET INCOME (LOSS)
FOR THE PERIOD       $(1,226,482)   $(34,368)      $(1,089,339)  $(67,885)      $ (1,789,471)
                    ============= ==============  ============  ============    =============
Weighted average

number of shares      22,832,135     544,092         9,637,499    544,092
                    ============   =============   ============  ============

Basic and fully
diluted earnings
(loss) per share     $   (0.05)    $   (0.06)     $    (0.11)   $    (0.12)
                    ===========  ===============  ============ =============



See accompanying notes to financial statements.


</TABLE>


<PAGE>




                                                             PAGE  3


                            OSPREY GOLD CORP.
                      (FORMERLY INCITATIONS, INC.)
                      (A Development Stage Company)

              STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
                              (U.S. Funds)
                              (Unaudited)

FOR THE PERIOD FROM THE DATE OF INCEPTION MARCH 28, 1995 TO SEPTEMBER 30, 2003


<TABLE>
<CAPTION>




                                                                                             Deficit
                                                                                            Accumulated
                                                                              Additional    During the
                                                          Common Stock         Paid-in      Development
                                                       Shares       Amount     Capital         Stage
                                                       ------       ------     --------     -----------
                                                         #            $           $              $

<S>                                                    <C>           <C>        <C>         <C>
Inception on March 28, 1995                              -            -           -              -
Common stock issued for cash at $0.0058 per share      37,011         -           -              -
Common stock issued for cash at $0.0334 per share      37,247         -           -              -
Net loss for the period ended December 31, 1995          -            -           -              -
                                                      --------------------------------------------------
Balance, December 31, 1995                             74,258         -           -              -
Net loss for the year ended December 31, 1996            -            -           -             (1,500)
                                                      --------------------------------------------------
Balance, December 31, 1996                             74,258         -           -             (1,500)
Net loss for the year ended December 31, 1997            -            -           -               (535)
                                                      --------------------------------------------------
Balance, December 31, 1997                             74,258         -           -             (2,035)

Common stock issued for cash at $0.0356 per share
(Note 3)                                                8,435         -           -              -
Net loss for the year ended December 31, 1998            -            -           -             (3,035)
                                                      --------------------------------------------------
Balance, December 31, 1998                             82,693         -           -             (5,070)
Common stock cancelled  (Note 3)                         (562)        -           -              -
Common stock cancelled  (Note 3 and 4)                (50,693)        -           -              -
Common stock cancelled  (Note 3)                       (7,672)        -           -              -
Common stock issued in exchange for all issued and
outstanding common shares of MFCC                     450,000           92      22,908           -
Common stock issued for professional fees
at $0.02 per share  (Note 3)                           15,500            4      15,496           -
Net loss for the year ended December 31, 1999            -            -           -           (429,997)
                                                      --------------------------------------------------
Balance, December 31, 1999                            489,266           96      38,404        (435,067)
Net loss for the year ended December 31, 2000            -            -           -            (81,301)
                                                      --------------------------------------------------
Balance, December 31, 2000                            489,266           96      38,404        (516,368)
Conversion of loan payable into stock  (Note 3)        53,581           12     267,892           -
Net loss for the year ended December 31, 2001            -            -           -            (95,677)
                                                      --------------------------------------------------
Balance, December 31, 2001                            542,847          108     306,296        (612,045)
Net loss for the year ended December 31, 2002            -            -           -            (88,087)
                                                      --------------------------------------------------
Balance, December 31, 2002                            542,847          108     306,296        (700,132)
Additional shares issued due to reverse stock split     1,245            1        -              -
Common stock issued for mining claims acquired at
$0.1285 per share                                  18,000,000        3,600     227,694           -
Options issued to company officers
at $0.62 per share                                       -            -        465,000           -
Common shares issued for services rendered
at $0.067 per share                                 6,000,000        1,200     398,800           -
Net loss for the nine months ended
September 3, 2003                                        -            -           -         (1,089,339)
                                                   -----------------------------------------------------
Balance, September 30, 2003                        25,544,092        4,909   1,397,790      (1,789,471)
                                                   =====================================================

</TABLE>



See accompanying notes to financial statements.

<PAGE>






                                                                   PAGE 4


                               OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                         (A Development Stage Company)

                           STATEMENT OF CASH FLOWS
                                 (U.S. Funds)
                                  (Unaudited)



<TABLE>
<CAPTION>
                                                                                                        From
                                                                                                     Inception
                                                                                                        Date
                                            Three Months Ended           Nine Months Ended            March 28
                                               September 30                September 30          1995-September 30
                                                  -------                     -------              -------------
                                             2003           2002        2003          2002              2003
                                            -------      ---------     -------      --------            ------

<S>                                         <C>          <C>           <C>         <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES
Income (loss) from operations               $(1,226,482) $ (34,368)    $ (1,089,339) $ (67,885)     $ (1,789,471)
Amortization                                         26       -                  26       -                   26
Services paid for in shares and options       1,175,000       -           1,175,000       -            1,175,000
Mining claims paid for in shares of stock          -          -             231,294       -              231,294
Forgiveness of debt                                -          -            (402,625)      -             (402,625)
Increase in accounts receivable                  (2,655)      -              (3,094)      -               (3,094)
Increase in accounts payable                     11,031     31,463           30,563     53,002           189,454
Write-off of investment in shares of stock         -          -                -           -             250,000
                                          -----------------------------------------------------------------------
                                                (43,080)    (2,905)         (58,175)   (14,883)         (349,416)
                                          -----------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
Amount paid for the acquisition of
Cynergy shares                                     -          -                -           -            (250,000)
Accounts payable acquired on merger                -          -                -           -              (2,000)
Purchase of office equipment                       -          -                (527)       -                (527)
                                         ------------------------------------------------------------------------
                                                   -          -                (527)       -            (252,527)
                                         ------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from a corporate shareholder            44,161       -              59,824        -              59,824
Advances from a related company                    -          -                -         11,978          234,836
Issuance of common stock                           -          -                -           -              40,500
Increase in loans payable                          -          -                -           -             267,905
                                        ------------------------------------------------------------------------
                                                 44,161       -              59,824      11,978          603,065
                                        ------------------------------------------------------------------------
INCREASE IN CASH                                 1,081      (2,905)           1,122      (2,905)           1,122
CASH, beginning of period                           41       2,905             -          2,905             -
                                        ------------------------------------------------------------------------
CASH, end of period                        $     1,122  $     -           $   1,122    $   -           $   1.122
                                        ========================================================================


SUPPLEMENTARY DISCLOSURE OF NON-CASH  FINANCING ACTIVITY

Common shares issued on
cancellation of debt                       $      -     $     -           $    -       $   -           $ 267,905
                                       =========================================================================

Common shares and options issued
and to be issued on mining
claims and services acquired              $  1,175,000  $     -          $1,406,294    $   -          $1,406,294
                                       =========================================================================


</TABLE>



See accompanying notes to financial statements.



<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003

1.	ORGANIZATION AND DESCRIPTION OF BUSINESS

Osprey Gold Corp. ("Osprey" or the "Company") was incorporated under the laws
of the state of Nevada on March 28, 1995 under the name of Truco, Inc.  The
shareholders approved a name change on March 22, 1996, March 18, 1997,
September 13, 1999, October 3, 2000 and April 23, 2003 to Web Tech, Inc.,
Cynergy, Inc., Mercantile Factoring Credit Online Corp., Incitations, Inc.
and to its present name, respectively.

Prior to the merger in September 1999 (Note 4), the Company's activities had
been in the development of proprietary technology and services using smart
and remote memory cards and wireless and landline networks in the fields of
commerce, publishing and network based systems.  After the change in control
on April 22, 2003, the Company is in the process of acquiring mining claims
property.

The financial statements of the Company are prepared in accordance with
generally accepted accounting principles in the United States of America.


2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)	 Accounting Method

The Company's financial statements are prepared using the accrual method
of accounting.

(b)	Income Taxes

The Company has net operating loss carry-forwards of approximately $1,620,500
including Cynergy's net operating loss carry-forward of $92,000 at the time
of merger, which expire up to 2018, and a capital loss carry forward of
$250,000.  The potential tax benefit of the loss carry-forwards has been
offset in full by a valuation allowance.

(c)	Estimates

The preparation of financial statements in accordance with generally accepted
accounting principles in the United States of America requires management to
make estimates and assumptions that affect the reported amount of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amount of revenues and expenses
during the reported period.  These estimates are reviewed periodically, and,
as adjustments become necessary, they are reported in earnings in the period
in which they become known.

(d)	Basic and Fully Diluted Loss per Common Share

Basic and fully diluted loss per common share has been calculated based on the
weighted average number of shares of common stock outstanding during the
period.

<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003



2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(e)	Foreign Currency Translation

Monetary assets and liabilities are translated into United States dollars at
the month-end exchange rates, while foreign currency revenues and expenses
are translated at the exchange rate in effect on the date of the transaction.
The resultant translation gains or losses are included in expenses.  There were
no significant foreign exchange gains or losses during the period ended
September 30, 2003.

3.	STOCK TRANSACTIONS

In March 1995, the Company issued 37,011 shares of common stock to individuals
at $1.45 per share for cash.

At the end of 1995, the Company completed a public offering.  A total of
37,247 shares of common stock were issued at $1.67 per share.  The stock
offering costs were offset against the proceeds of the common stock.  On
January 10, 1996, the Company effected a 10-for-1 reverse stock split.
On March 28, 1996, the Company effected a 6-for-1 forward stock split and
changed its par value from $0.01 per share to $0.001 per share.  The authorized
shares were 300,000,000 after these amendments.  The financial statements
reflect the stock splits on a retroactive basis.

On March 24, 1998, the Company entered into a Rescission Agreement with the
shareholders of Geo Ram, Inc. whereby the shareholders of Geo Ram, Inc.
returned the 120,000 shares issued in connection with the Share Exchange
Agreement dated November 30, 1996.  The rescission has been reflected on a
retroactive basis.

Based on a letter of Understanding, dated May 25, 1998, the Company acquired
the rights to purchase a 100% working interest, subject to a 21% royalty
(79% net revenue interest), in oil and gas leases consisting of 960 acres
for a total of $240,000.  The leases were located in San Joaquin Valley, Kern
County, California.

The Company decided not to proceed with the option.  No further payments were
made and the option expired.  The initial payment of $15,000 was paid by
shareholders who were issued 8,435 shares of common stock at $1.78 per share.

On September 3, 1999, the Company cancelled 562 common stock and credited the
paid-in capital for the original par value.

On September 13, 1999, the Company effected a 17.784 for 1 reverse stock split.
The financial statements reflect the stock splits on a retroactive basis.

On September 22 and 23, 1999, the Company cancelled 50,693 and 7,672 common
stock, respectively, and credited the paid-in capital for the original par
value.

In accordance with the merger agreement (Note 4), the Company issued 450,000
common shares at $0.05 per share to the former owner of MFCC in exchange for
all issued and outstanding shares of MFCC.



<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003





3.	STOCK TRANSACTIONS (Continued)

The Company issued 8,000 and 7,500 common shares at $1.00 per share in
September 1999 as finders' and legal fees, respectively, in connection with
the merger.

On October 3, 2000, the Company effected a 5 for 1 stock split.  The financial
statements reflect the stock splits on a retroactive basis.

The company issued 53,581 common shares at $5.00 per share on February 15, 2001
in connection with the cancellation of the financing agreement and conversion
of loan payable. In April 2001, the par value of the Company's common stock
was changed from $0.001 to $0.0002 per Certificate of Amendment to the
Articles of Incorporation.

On April 23, 2003, the Company amended its authorized capital stock to include
20,000,000 shares of preferred stock with a par value of $0.0002 per share.

On May 16, 2003, the Company effected a 50 to 1 reverse stock split per
Certificate of Amendment to the Articles of Incorporation.  The financial
statements reflect the stock splits on a retroactive basis.

On June 6, 2003, the Company issued 18,000,000 common shares at $0.013 per
share in connection with the acquisition of 55 mining claims, from an
unrelated party, comprising of 27,280 acres situated in the Porcupine
Mining Division of Northern Ontario.

The Company issued to consultants for their services rendered 5,000,000 common
shares at $0.03 per share on July 14, 2003 and 1,000,000 common shares at
$0.25 per share on September 26, 2003. Stock to be Issued and Stock Options
On September 29, 2003, the Board of Directors approved the issuance of
500,000 common shares at $0.62 per share to all directors of the Company for
their services rendered and a compensation expense of $310,000 has
been recorded.  These shares will be issued during the fourth quarter of 2003.
The Board of Directors also granted 750,000 options to the officers of the
Company to purchase 750,000 common shares at 60% of the bid price at the time
of purchase.  The options will expire on September 29, 2006.  The fair value of
these options was estimated at $0.62 each at the date of grant using the
Black-Scholes model with the following assumptions:

	Risk-free interest rate		-  6%
	Expected life			-  3 years
	Expected volatility		-  3.294
	Dividend yield			-  0%

<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003

Based on the foregoing option-pricing model, a compensation expense of
$465,000 for the options issued has been recorded with a corresponding
credit to paid-in capital.

4.	BUSINESS COMBINATION

On September 29, 1999, the Company and Mercantile Factoring & Credit Corp.
("MFCC") completed their agreement to merge upon the filing of the Articles
of Merger with the Secretary of State of the state of Nevada.

Pursuant to a separate transaction, MFCC bought 2,534,615 shares of the
Company (61.3%) from the shareholders for cash of $250,000 and, prior to the
Merger, contributed those shares to the Company for cancellation.  The
investment was written off and charged to expenses on the statement of
operations for the year ended December 31, 1999.

Under the merger agreement, the Company issued 22,500,000 post-merger shares
to the former owner of MFCC in consideration for all of the issued and
outstanding common shares of MFCC.  As the former shareholder of MFCC
obtained control (91.97%) of the Company through the share exchange, this
transaction was accounted for in these financial statements as a reverse
takeover and the purchase method of accounting had been applied.  Under
reverse takeover accounting, MFCC was considered to have acquired Osprey with
the results of operations included in these financial statements from the
date of acquisition. MFCC was then merged into the Company.

5.	ADVANCES FROM A CORPORATE SHAREHOLDER

The advances from a corporate shareholder are unsecured and non-interest
bearing with no specific terms of repayment.

6.	GOING CONCERN

The Company's financial statements are prepared using generally accepted
accounting principles in the United States of America applicable to a going
concern which contemplates the realization of assets and liquidation of
liabilities in the normal course of business.  The Company has not
established revenues sufficient to cover its accumulated losses and allow
it to continue as a going concern.

The Company's operations during the next 12 months will involve arranging for
financing to carry out advanced exploration and the acquisition of mining
claims property.

7.	CHANGE IN CONTROL

On April 22, 2003, the sale to an unrelated party of the majority
shareholder's stock in the company was closed and the proceeds were used to
pay the accounts payable.  The unpaid amounts totalling $402,625 were
forgiven by the creditors.

<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003




8.	COMMITMENT

On September 29, 2003, the Company entered into an agreement with Boardwalk
Creation Ltd. ("Boardwalk"), a shareholder of the Company, whereby Boardwalk
transferred the four patented mining claims in Red Lake Mining Division,
Province of Ontario ("Property"), which it acquired from unrelated party
("vendor") for the same consideration it had negotiated with the vendor.
Upon completion of the terms of the transfer, the Company will acquire a
100% interest in the Property upon payment of the following:

(a)	$50,000 to Boardwalk as reimbursement for the initial down payment it
        made to the vendor.

(b)	$150,000 in cash and 950,000 shares of the Company to the vendor, who
        will also retain a one percent (1%) net smelter return.

(c)	12,050,000 shares of the Company to Boardwalk in consideration for its
        efforts in negotiating the acquisition of the Property.  In addition,
        Boardwalk will retain two percent (2%) net smelter return and will
        provide the milling facility in the area.

On November 14, 2003, the Company issued all of the above shares.

9.	RECENT ACCOUNTING PRONOUNCEMENTS

Under Staff Accounting Bulletin 74, the Company is required to disclose
certain information related to new accounting standards which had not yet
been adopted due to delayed effective dates.

(a)     SFAS No. 146.  SFAS No. 146, "Accounting for Costs Associated with
        Exit or Disposal Activities," was issued in July 2002.  It requires
        a liability for costs associated with an exit or disposal activity
        to be recognized and measured initially at its fair value in the
        period in which the liability is incurred.  This statement is
        effective for exit or disposal activities that are initiated after
        December 31, 2002 and has not had a material impact on the Company's
        financial statements for the reported periods.

(b)     SFAS No. 148.  SFAS No. 148, "Accounting for Stock-Based Compensation
        - Transition and Disclosure," was issued in December 2002 to amend
        the transition and disclosure provisions of SFAS No. 123.  This
        statement has not had a material impact on the Company's financial
        statements for the reported periods.

<PAGE>


                              OSPREY GOLD CORP.
                         (FORMERLY INCITATIONS, INC.)
                        (An Exploration Stage Company)

                        NOTES  TO FINANCIAL STATEMENTS
                                 (U.S. Funds)
                                 (Unaudited)

                             SEPTEMBER 30, 2003



9.	RECENT ACCOUNTING PRONOUNCEMENTS (Continued)

(c)     SFAS No. 149.  SFAS No. 147, "Amendment of Statement 133 on Derivative
        Instruments and Hedging Activities," was issued in April 2003 to amend
        and clarify accounting for hedging activities and derivative
        instruments, including certain derivative instruments embedded in other
        contracts.  The statement is effective for contracts entered into or
        modified after September 30, 2003 and is not expected to have a
        material impact on the Company's financial statements.

(d)     SFAS No. 150. SFAS No. 150, "Accounting for Certain Financial
        Instruments with Characteristics of both Liabilities and Equity,"
        was issued in May 2003.  It establishes standards for classifying
        and measuring certain financial instruments with characteristics of
        both debt and equity.  It requires many financial instruments
        previously classified as equity to be reclassified as liabilities and
        is generally effective for financial instruments entered into or
        modified after May 31, 2003 and otherwise at the beginning of the
        first interim period beginning after June 15, 203.  The statement
        is not expected to have a material impact on the Company's financial
        statements.

(e)     FASB Interpretation No. 45 (FIN 45)
        -----------------------------------

        In November 2002, the FASB issued FIN 45, which expands previously
        issued accounting guidance and disclosure requirements for certain
        guarantees.  FIN 45 requires the Company to recognize an initial
        liability for the fair value of an obligation assumed by issuing a
        guarantee.  The provision for initial recognition and measurement
        of the liability will be applied on a prospective basis to guarantees
        issued or modified after December 31, 2002.  The adoption of FIN 45 is
        not expected to materially affect the Company's financial statements.





<PAGE>




ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Company Background
------------------

Incitations, Inc. (the "Company"), a Nevada corporation, had its principal
offices at 35 Commerce Road, Orangeville, Ontario L9W 3X5 Canada.  The
telephone number was (514) 940-8117. Through September 31, 2003 the Company
has generated no revenues from operations. The Company's auditors have
expressed doubt about the Company's ability to continue as a going concern.
The Company has current assets in the form of cash of $1,122.00, total assets
of $4,717.00 and current liabilities of $81,489.00. The Company's net losses
to date are $1,789,471.00.

The Company was incorporated in March 1995 under the name of Truco, Inc. and
was to engage in the business of manufacturing, selling and marketing a
product described as the "Belt Wallet." However, soon thereafter the Company
elected not to proceed with its intended business objective of marketing and
selling the "Belt Wallet" but instead elected to change its focus to the area
of developing proprietary technology and services using smart and remote
memory cards and wireless and land-line networks in the fields of commerce,
publishing, and network-based systems. The Company entered into a licensing
agreement for the exclusive right to market and manufacture a technology known
as the "ARCard, ARCommerce Reader, ARCinternet Computer", and its application
programming bundled together as the "ARCommerce Kit" as a way of doing
business over the Internet. On March 22, 1996, the Company changed its name
to "Web Tech Incorporated".

Subsequently, on November 30, 1996, in an effort to diversify its product and
manufacturing base, the Company acquired all the issued and outstanding shares
of Geo-Ram, Inc., a Texas corporation, by issuing 6,000,000 shares of the
Company's common stock to the shareholders of Geo-Ram, Inc. Geo-Ram, Inc. was
in the business of manufacturing geophysical equipment which included a new
drill bit, the "Duckbill Bit", designed to implant explosive charges and
geophones for seismic surveys in harsh and environmentally fragile geographic
areas known as transition zones. On March 18, 1997, the Company changed its
name to "Cynergy, Inc.".

However, the Company was neither able to (1) successfully develop and  market
the "ARCommerce Kit", or (2) provide any further funding for the growth and
development of the geophysical equipment business. Consequently, the Company
did not continue its licensing of the "ARCommerce Kit" and further, on March
24, 1998, the Company entered into a Rescission Agreement with the
shareholders of Geo-Ram, Inc. whereby the shareholders of Geo-Ram, Inc.
returned the 6,000,000 shares that the Company issued in connection with the
November 30, 1996 acquisition.

<PAGE>


On September 22, 1999, the Company (1) entered into an Agreement and Plan of
Merger with Mercantile Factoring & Credit Corp. (formerly known as Advanced
Medical Technologies Research Corp.), a Nevada corporation (the
"Merger"), (2) changed its name to "Mercantile Factoring Credit Online Corp.
"("MFCO"), (3) effected a reverse stock split of the Company's issued and
outstanding shares of common stock on a basis of one new share for every
17.784 old shares, and (4) elected four new directors to the Company's
board of directors (the "Board").  The Merger became effective upon the
filing of the Articles of Merger on September 29, 1999.

In February 2000, the Company determined that the then intended business of
MFCO (to provide an Internet web-site where (1) borrowers could post their
offers to borrow money secured by pledged collateral (primarily accounts
receivable and real estate), and (2) lenders could competitively bid to
supply the money, with the competition being in the form of the amount of
money the lender was willing to lend and the interest rate at which the lender
was willing to supply the money), would be difficult to initiate. Further,
the Company determined that in certain countries in which the Company had
intended to offer its services, the costs of complying with banking laws
and regulations would be prohibitive. The Company therefore decided to seek
to enter into another business.

In October 2000, the Company contemplated changing its business strategy so
as to design, manufacture, market, and sell over the Internet women's
intimate apparel. In connection with such business strategy shift, the Company
changed its name to Incitations, Inc. As a result of the downturn in the
marketplace at the end of 2000 and the beginning of 2001, the Board elected
not to proceed with its then intended business objective.

It is the view of the Staff of the Securities and Exchange Commission (the
"Staff") that, both before and after the business combination or transaction
with an operating entity or other person, the promoters or affiliates of blank
check companies, as well as their transferees, are "underwriters" of the
securities issued. It is also the view of the Staff that securities issued by a
blank check company can only be resold through registration under the
Securities Act of 1933, as amended (the "Act"), unless there is an applicable
exemption. Further, it is the view of the Staff that the shares owned by
affiliates or transferees of affiliates of the Company may not be sold
pursuant to Rule 144.


<PAGE>

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

The Company remains in the exploration stage and, since inception, has
experienced significant liquidity problems and has no capital resources
or stockholder's equity. The Company has current assets in the form of
cash of $1,122.00, total assets of $4,717.00 and current liabilities of
$81,489.00. The Company will need additional capital in the next twelve
months for any expenditures, and at present has no source of such capital.

The Company currently has no product research and development that it will
perform over the term of the business plan. There is no current plan to
purchase or sell any significant equipment. The Company currently has no plans
to purchase or sell any significant equipment or to make any significant
changes in the number of employees. (See "Subsequent Event")

There are no arrangements, agreements or understandings between non-management
shareholders and management under which non-management shareholders may
directly or indirectly participate in or influence the management or affairs
of the Company. During the preceding quarter, a shareholder of the Company
advanced, in the form of a loan, $44,161.00 for operating capital.
However, no shareholders have been approved to fund any potential
advances in the next twelve months nor is there any basis for believing
that shareholder advances would be available in the next twelve months.

There are no current plans, understandings, agreements, or commitments with
anyone to act as a finder of opportunities for the Company. In the case that
such efforts will ever be undertaken, it is unknown at this time who if anyone
would act as a finder. Such a finder would be engaged or used prior to or
concurrent with acquisition of an opportunity.

During the period from March 28, 1995 through September 30, 2003, the Company
has engaged in no significant operations other than organizational activities,
acquisition of capital, preparation for registration of its securities under
the Exchange Act and preparation for the potential listing of its securities
on the Over-the-Counter Bulletin Board, except that on September 6, 2003 the
company issued 18,000,000 shares in connection with the purchase of 55
Canadian mining claims, from unrelated parties.  No revenues were received
by the Company during this period. The Company has incurred operating expenses
since inception of $2,192,096.00. The operating expenses for the nine months
ending September 30, 2003 of $1,491,964.00 were $1,424,079.00 higher than the
$67,885.00 of operating expenses for the comparable period a year ago.
The increase of operating expenses was primarily due to the purchase of the
57 Canadian mining claims. The net loss on operations since inception was
$(2,192,096). The net loss on operations for the nine months ended September
30, 2003 was $(1,491,964.00) compared to a net loss on operations for the
comparable period a year ago of $(67,885.00). The increase in losses for the
nine months ended September 30, 2003 compared to the same period of the prior
year is predominantly due to the purchase of the Canadian mining claims. Such
losses will continue unless revenues and business can be acquired by the
Company. There is no assurance that revenues or profitability will ever be
achieved by the Company.

<PAGE>

The Company does not have capital sufficient to meet the Company's cash needs,
including the costs of compliance with the continuing reporting requirements of
the Exchange Act. The Company will have to seek loans or equity placements to
cover such cash needs.  There is no assurance, however, that without funds it
will ultimately allow the Company to complete a business combination.


ITEM 3.  CONTROLS AND PROCEDURES.

Within 90 days of the filing of this report, the Principal Executive and
Financial Officer of the Company has evaluated the disclosure controls and
procedures of the Company as defined in Exchange Act Rule 13(a)-14(c) and has
determined that such controls and procedures are adequate and effective. Since
the date of the evaluations, there have been no significant changes in the
Company's internal controls or other factors that could significantly affect
these controls.


PART II.

ITEM 1.    LEGAL PROCEEDINGS.

None.

ITEM 2.    CHANGES IN SECURITIES AND USE OF PROCEEDS.

On September 29, 2003,  The Board of Directors approved the issuance of
500,000 common shares at $0.62 per share to all directors of the
Company for their services rendered and a compensation expense of
$310,000.00 has been recorded.  (See Note 3 to the accompanying
Financial Statements for a complete description).

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

<PAGE>

ITEM 5.  OTHER INFORMATION

 	SUBSEQUENT EVENTS.  On April 22, 2003 the company had a change of
control in its shareholders. Additionally, the company changed its name
to Osprey Gold Corp.  The registrant's new address and phone numbers
is:  800 North Rainbow Blvd.Suite 308, Las Vegas, Nevada, 89107; (702)
948-5000.

	The registrant adopts the 8-K filing of May 14, 2003 as part of
this Section.  The Registrant's new symbol is "OSGL" and became
effective on May 19, 2003.

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8 - K.

(a)	8-K filed on May 14, 2003.

<PAGE>

Exhibit No.     Exhibit Name/Description
----------------------------------------

99.1            Certification of Chief Executive Officer and Chief
                Financial Officer pursuant to 18 U.S.C. Section 1350,
                as adopted pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002.

* Incorporated by reference to the exhibits contained in the Company's
Form 10-SB.

(b)      No reports on Form 8-K were filed during the quarter for which
         this report is being filed.


<PAGE>
                                   SIGNATURES
                                   ----------


In accordance with the requirements of the Exchange Act, the registrant
has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


                                     INCITATIONS, INC.


Date:     November 28, 2003          By: /s/ Gordon Leliever
     --------------------------         -------------------------
                                          President; Principal
                                          Financial Officer






CERTIFICATIONS
--------------

I, Gordon Leliever, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Osprey Gold
Corp., formerly known as Incitations, Inc.;

2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we
have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is
being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
annual report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of
the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in
this quarterly report whether or not there were significant changes in
internal controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.



Date: November 28, 2003        /s/ Gordon Leliever
      -----------------       ---------------------
                               Principal Executive and
                               Principal Accounting Officer


<PAGE>