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      June 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        (City, State, Zip Code)
              offices)

                               (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
             ------                 ------



<PAGE>                                1



         As of June 30, 2003, 27,142,325 shares of the issuer's common
         stock, par value $.0002 per share, were outstanding.

       Transitional Small Business Disclosure Format (check one):

                   Yes          No X
                      -----       ------





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

                  INTERIM FINANCIAL STATEMENTS
                          (US FUNDS)
                         (UNAUDITED)
                        June 30, 2003




<PAGE>





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


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

                                JUNE 30, 2003





<PAGE>


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


                            JUNE 30, 2003

                              CONTENTS


                                                        PAGE
INTERIM FINANCIAL STATEMENTS

Balance Sheet                                             1

Statement of Operations                                   2

Statement of Stockholders' Equity (Deficit)               3

Statement of Cash Flows                                   4

Notes to Financial Statements                         5 - 9




<PAGE>


                                                             PAGE  1



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


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


                             JUNE 30, 2003

                                ASSETS

                                                June 30        December 31
                                                 2003            2002
                                                -------        -----------

CURRENT
 Cash                                           $    41        $        -
 Accounts receivable                                439                 -
                                                -------        -----------
                                                    480                 -



OFFICE EQUIPMENT                                    527                 -
                                                -------        -----------
                                               $  1,007        $        -
                                               ========        ===========



                          LIABILITIES
CURRENT
 Accounts payable and accrued liabilities      $ 10,634        $  158,891
 Advances from a corporate shareholder (Note 5)  15,663                 -
 Advances from related company                        -           234,836
                                               --------        -----------
                                                 26,297           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
 18,544,092     Common shares                    31,434            27,834

ADDITIONAL PAID-IN CAPITAL                      506,265           278,571
DEFICIT ACCUMULATED DURING THE DEVELOPMENT
STAGE                                          (562,989)         (700,132)
                                               ---------         ---------
                                                (25,290)         (393,727)
                                               ---------         ---------

                                                $ 1,007          $	-
                                               =========         =========




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         Six Months Ended         28,1995-
                                June 30                  June 30                June 30,
                                -------                  -------                --------
                          2003        2002           2003        2002            2003
                         -----       ------         ------     --------         -------
<S>                   <C>           <C>             <C>         <C>             <C>

REVENUE                 $   -         $    -         $    -        $    -          $    -

EXPENSES               256,584         8,382         265,482        33,517          965,614
                      ----------    ------------    ----------    ----------     -----------

NET LOSS FROM
OPERATIONS            (256,584)       (8,382)       (265,482)      (33,517)        (965,614)

FORGIVENESS OF DEBT
(Note 8)               402,625             -         402,625            -           402,625
                      ----------    ------------    ----------    ----------     ------------

NET INCOME (LOSS)
FOR THE PERIOD       $ 146,041      $ (8,382)      $ 137,143     $ (33,517)     $  (562,989)
                    ============  ==============  ============  ============    =============
Weighted average

number of shares    27,142,325    27,142,325      27,142,325    27,142,325
                    ===========   ==============  ============  ============

Basic and fully
diluted earnings
(loss) per share     $    0.03     $    0.00      $     0.05    $     0.00
                    ===========  ===============  ============ =============



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 JUNE 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       25,000      (2,000)          -
Common stock issued for professional fees
at $0.02 per share  (Note 3)                           15,500          155      15,345           -
Net loss for the year ended December 31, 1999            -            -           -           (429,997)
                                                      --------------------------------------------------
Balance, December 31, 1999                            489,266       25,155      13,345        (435,067)
Net loss for the year ended December 31, 2000            -            -           -            (81,301)
                                                      --------------------------------------------------
Balance, December 31, 2000                            489,266       25,155      13,345        (516,368)
Conversion of loan payable into stock  (Note 3)        53,581        2,679     265,226           -
Net loss for the year ended December 31, 2001            -            -           -            (95,677)
                                                      --------------------------------------------------
Balance, December 31, 2001                            542,847       27,834     278,571        (612,045)
Net loss for the year ended December 31, 2002            -            -           -            (88,087)
                                                      --------------------------------------------------
Balance, December 31, 2002                            542,847       27,834     278,571        (700,132)
Additional shares issued due to reverse stock split     1,245         -           -              -
Common stock issued for mining claims acquired at
$0.1285 per share                                  18,000,000        3,600     227,694           -
Net loss for the six months ended June 3, 2003           -            -           -            137,143
                                                   -----------------------------------------------------
Balance, June 30, 2003                             18,544,092       31,434     506,265        (562,989)
                                                   =====================================================

</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       Six Months Ended       March 28
                                                  June 30                June 30          1995-June 30
                                                  -------                -------          -------------
                                             2003        2002        2003        2002          2003
                                            -------   ---------     -------    --------       ------

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

CASH FLOWS FROM OPERATING ACTIVITIES
Income (loss) from operations            $  146,041   $ (8,382)    $ 137,143   $ (33,517)   $ (562,989)
Increase in accounts receivable                (439)       -            (439)        -            (439)
Mining claims paid for in shares of stock   231,294        -         231,294         -         231,294
Forgiveness of debt                        (402,625)       -        (402,625)        -        (402,625)
Increase in accounts payable                 10,634     (2,632)       19,532      21,539       178,423
Write-off of investment in shares of stock      -          -             -           -         250,000
                                          -----------------------------------------------------------------
                                            (15,095)   (11,014)      (15,095)    (11,978)     (306,336)
                                          -----------------------------------------------------------------

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)
                                         ------------------------------------------------------------------
                                               (527)       -            (527)        -        (252,527)
                                         ------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from a corporate shareholder        15,663        -          15,663         -        	15,663
Advances from a related company                 -       11,014           -        11,978       234,836
Issuance of common stock                        -          -             -           -          40,500
Increase in loans payable                       -          -             -           -         267,905
                                        -------------------------------------------------------------------
                                             15,663     11,014        15,663      11,978       558,904
                                        -------------------------------------------------------------------
INCREASE IN CASH                                 41        -              41         -              41
CASH, beginning of period                       -        2,905           -           -             -
                                        -------------------------------------------------------------------
CASH, end of period                     $        41  $   2,905        $   41    $    -       $      41
                                        -------------------------------------------------------------------

SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION

Interest paid                           $       -    $     -          $  -      $    -       $     -
                                       --------------------------------------------------------------------
Income taxes paid                       $       -    $     -          $  -      $    -       $     -
                                       --------------------------------------------------------------------

SUPPLEMENTARY DISCLOSURE OF NON-CASH  FINANCING ACTIVITY

Issuance of common shares on
cancellation of debt                    $       -    $     -          $  -      $    -       $ 267,905
                                       --------------------------------------------------------------------


</TABLE>



See accompanying notes to financial statements.



<PAGE>


                                                                 PAGE 5

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

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

                              JUNE 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

         No provision for income taxes has been made due to the
         inactive status of the Company.  The Company has net
         operating loss carry-forwards of approximately $302,000,
         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>

                                                               PAGE 6



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

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

                               JUNE 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 8,434 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 50,692 and
     7,672 common stock, respectively, and credited the paid-in
     capital for the original par value.

     In accordance with the merger agreement (Note 3), 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.

     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.



<PAGE>



                                                               PAGE 7


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

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

                             JUNE 30, 2003

3.   STOCK TRANSACTIONS (Continued)

     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
     $0.01285 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.

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 has been
     accounted for in these financial statements as a reverse takeover
     and the purchase method of accounting has been applied.  Under
     reverse takeover accounting, MFCC is considered to have acquired
     Incitations 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.



<PAGE>




                                                              PAGE 8

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

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

                             JUNE 30, 2003

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 be
     limited solely to the acquisition of mining claims property. The
     Company does not intend to pay any salaries nor incur any
     expenses other than those expenses necessary to ensure that the
     Company remains in good standing with the State of Nevada and in
     compliance with the regulatory requirements of the SEC and other
     regulatory bodies.

7.   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)   Statement of Financial Accounting Standard No. 146 (SFAS 146)

          In July 2002, the FASB issued SFAS 146, which addresses
          significant issues regarding the recognition, measurement, and
          reporting of costs that are associated with exit and disposal
          activities, including restructuring activities that are currently
          accounted for pursuant to the guidance that the Emerging Issues
          Task force ("EITF") has set forth in EITF issue No. 94?3,
          "Liability Recognition for Certain Employee Termination Benefits
          and Other Costs to Exit an Activity (Including Certain Costs
          Incurred in a Restructuring)."  SFAS 146 revises the accounting
          for certain lease termination costs and employee termination
          benefits, which are generally recognized in connection with
          restructuring activities. The adoption of this Statement is not
          expected to have a material effect on the Company's financial
          statements.

   (b)    Statement of Financial Accounting Standard No. 148 (SFAS 148)

          In December 2002, the FASB issued SFAS No. 148,  "Accounting for
          Stock/Based Compensation /Transition and Disclosure".  SFAS No.
          148 amends the transition and disclosure provisions of SFAS No.
          123.  The Company is currently evaluating SFAS No. 148 to
          determine if it will adopt SFAS No. 123 to account for Employee
          stock options using the fair value method and, if so, when to
          begin transition to that method.



<PAGE>


                                                              PAGE 9


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


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

                              JUNE 30, 2003


7.   RECENT ACCOUNTING PRONOUNCEMENTS (Continued)

    (c) 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.

8.   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.

9.   COMMITMENTS

     The Company has signed consulting agreements which require the
     issuance of 5,000,000 non-assessable common shares of the Company
     at a par value of $0.0002 per share.  These shares were issued
     subsequent to June 30, 2003.



<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 1800 McGill College, Suite 2480, Montreal, Quebec, H3A 3J6 Canada.
The telephone number was (514) 288-1687. Through March 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 $0, total assets of $0 and
current liabilities of $402,625. The Company's net losses to date are
($709,030).

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 Recission Agreement with the
shareholders of Geo-Ram, Inc. whereby the shareholders of Geo-Ram, Inc.


<PAGE>


returned the 6,000,000 shares that the Company issued in connection with the
November 30, 1996 acquisition.

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 development 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 $0 total assets of $0 and current liabilities of $402,625. 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. 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 June 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
June 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 $965,614. The operating expenses for
the six months ending June 30, 2003 of $265,584 were $231,965  higher than
the $33,517 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 $(562,989). The net loss on operations for the six months ended
June 30, 2003 was $(137,143) compared to a net loss on operations for
the comparable period a year ago of $(33,517). The increase in losses
for the six months ended June 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.

None.

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

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.



<PAGE>


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

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


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.



                                   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:     September 9, 2003        By: /s/ Douglas A. Budden
     --------------------------        ------------------------
                                      President; Principal Financial Officer

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

I, Douglas A. Budden, certify that:

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


<PAGE>


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.



<PAGE>



Date: September 9, 2003           /s/ Douglas A Budden
                              ------------------------------------
                              Principal Executive and Principal
                              Accounting Officer



<PAGE>