British Columbia,
Canada
|
26-0592672
|
(state or
other jurisdiction of
incorporation
or organization)
|
(I.R.S.
Employer I.D. No.)
|
F-1
|
|
F-1
|
|
Consolidated Balance Sheets (unaudited) |
F-1
|
F-2
|
|
Consolidated Statements of Cash Flows (unaudited) |
F-3
|
Notes to the Consolidated Financial Statements (unaudited) |
F-4
|
3
|
|
7
|
|
7
|
|
8
|
|
8
|
|
8
|
|
8
|
|
8
|
|
8
|
Three
Months Ended
November
30,
|
Six
Months Ended
November
30,
|
January
22, 2007 (Inception) to
November
30,
|
||||||||||||||||||
2008
|
2007
|
2008
|
2007
|
2008
|
||||||||||||||||
Revenues
|
$ | 3,058 | $ | - | $ | 11,058 | $ | - | $ | 11,058 | ||||||||||
Advertising
and promotion
|
9,851 | - | 9,851 | - | 9,851 | |||||||||||||||
Depreciation
and amortization
|
13,351 | 1,323 | 18,306 | 1,323 | 39,525 | |||||||||||||||
Business
development
|
- | 15,346 | 1,449 | 15,346 | 202,102 | |||||||||||||||
Consulting
and advisory
|
11,581 | 59,557 | 35,354 | 59,557 | 378,497 | |||||||||||||||
Management
fees
|
53,500 | 126,294 | 147,533 | 146,179 | 407,500 | |||||||||||||||
General and
administrative
|
37,627 | 33,212 | 78,298 | 100,999 | 321,905 | |||||||||||||||
Research and
development
|
52,498 | 28,204 | 72,122 | 32,920 | 154,550 | |||||||||||||||
Shareholder
communication,
awareness,
financing
|
64,854 | 22,485 | 169,345 | 32,838 | 353,257 | |||||||||||||||
Professional
fees
|
74,301 | 8,215 | 165,664 | 108,671 | 357,919 | |||||||||||||||
Salary
expenses
|
21,777 | - | 45,012 | - | 45,012 | |||||||||||||||
Travel meals
and entertainment
|
10,302 | 34,945 | 15,523 | 80,020 | 226,636 | |||||||||||||||
Public
listing costs
|
5,683 | 27,540 | 7,500 | 27,540 | 154,547 | |||||||||||||||
Interest
expense
|
9,714 | - | 9,714 | - | 9,714 | |||||||||||||||
Website and
corporate identity
|
- | - | - | - | 161,268 | |||||||||||||||
Total
Expenses
|
365,039 | 357,121 | 775,671 | 605,393 | 2,822,283 | |||||||||||||||
Net Loss for
the Period
|
$ | (361,981 | ) | $ | (357,121 | ) | $ | (764,613 | ) | $ | (605,393 | ) | $ | (2,811,225 | ) |
Basic and
Diluted
Net Loss per
Share
|
$ | (0.01 | ) | $ | (0.02 | ) | $ | (0.03 | ) | $ | (0.03 | ) | ||||
Weighted
Average Number of
Common Shares
Outstanding
|
26,033,980 | 19,675,578 | 25,570,625 | 18,485,249 |
Six
Months
Ended
November
30,
2008
|
Six
Months
Ended
November
30,
2007
|
January
22, 2007
(Inception)
to
November
30,
2008
|
||||||||||
Operating
Activities
|
||||||||||||
Net
loss
|
$ | (764,613 | ) | $ | (605,393 | ) | $ | (2,811,225 | ) | |||
Adjustments
to reconcile net loss to net cash used in operating
activities:
|
||||||||||||
Depreciation
and amortization
|
22,133 | 5,275 | 43,352 | |||||||||
Shares issued
for services
|
68,750 | 25,000 | 589,950 | |||||||||
Stock based
compensation
|
73,570 | 64,191 | 232,454 | |||||||||
Imputed
Interest
|
3,160 | - | 3,160 | |||||||||
Changes in
operating assets and liabilities
|
||||||||||||
Subscriptions
receivable
|
(95,000 | ) | - | (95,000 | ) | |||||||
Taxes
receivable
|
(11,860 | ) | (14,842 | ) | (30,278 | ) | ||||||
Security
deposit and prepaid expenses
|
(20,351 | ) | (67 | ) | (21,359 | ) | ||||||
Other
assets
|
- | (12,000 | ) | (12,000 | ) | |||||||
Accounts
payable and accrued liabilities
|
45,773 | 9,991 | 194,528 | |||||||||
Due to
related parties
|
(38,626 | ) | (2,179 | ) | 51,236 | |||||||
Net Cash Used
in Operating Activities
|
(717,064 | ) | (530,024 | ) | (1,855,182 | ) | ||||||
Investing
Activities
|
||||||||||||
Purchase of
property & equipment
|
(84,990 | ) | (44,995 | ) | (154,891 | ) | ||||||
Net Cash Used
in Investing Activities
|
(84,990 | ) | (44,995 | ) | (154,891 | ) | ||||||
Financing
Activities
|
||||||||||||
Borrowings on
related party debt
|
98,595 | - | 98,595 | |||||||||
Payments on
related party debt
|
(74,206 | ) | - | (74,206 | ) | |||||||
Proceeds from
exercise of warrants
|
– | – | 137,500 | |||||||||
Proceeds from
debenture issuances
|
250,000 | - | 250,000 | |||||||||
Proceeds from
issuance of common stock
|
595,000 | 746,920 | 1,691,720 | |||||||||
Net Cash
Provided by Financing Activities
|
869,389 | 746,920 | 2,103,609 | |||||||||
Change in
Cash
|
67,335 | 171,901 | 93,536 | |||||||||
Cash –
Beginning
|
26,201 | 13,982 | – | |||||||||
Cash –
Ending
|
93,536 | 185,883 | 93,536 | |||||||||
Supplemental
Disclosures:
|
||||||||||||
Interest
paid
|
$ | – | $ | – | $ | – | ||||||
Income taxes
paid
|
$ | – | $ | – | $ | – | ||||||
Non-cash
Activity
|
||||||||||||
Stock issued
for patent
|
$ | – | $ | – | $ | 10,000 | ||||||
Options
issued for patent
|
$ | – | $ | – | $ | 27,854 | ||||||
Stock issued
for accounts payable
|
$ | 10,000 | $ | – | $ | 10,000 | ||||||
Promissory
note issued for accounts payable
|
$ | 58,000 | $ | – | $ | 58,000 | ||||||
Discount on
convertible debenture
|
$ | 45,930 | $ | – | $ | 45,930 |
2.
|
Going
Concern
|
3.
|
Related Party
Transactions
|
4.
|
Convertible
Debentures
|
5.
|
Promissory
Note
|
6.
|
Commitments
|
7.
|
Common
Stock
|
a)
|
37,500 shares
of common stock at $0.19 per share for contract services valued at $7,126
based on the closing price of the Company’s common stock at the grant
date.
|
b)
|
2,400,000
units at $0.125 per share for total cash proceeds of $300,000. Each unit
consists of one share of common stock and one share purchase warrant
exercisable at $0.20 until July 2,
2009.
|
c)
|
50,000 shares
of common stock at $0.40 per share for CFO management services valued at
$20,000 based on the closing price of the Company’s common stock at the
grant date.
|
d)
|
62,500 shares
of common stock at $0.42 per share for contract services valued at $26,250
based on the closing price of the Company’s common stock at the grant
date.
|
e)
|
37,500 shares
of common stock at $0.41 per share for contract services valued at $15,375
based on the closing price of the Company’s common stock at the grant
date.
|
f)
|
1,180,000
units at $0.25 per unit for total cash proceeds of $295,000 and 40,000
units at $0.25 per unit for the settlement of $10,000 in accounts payable.
Each unit consists of one common share and one-half non-transferrable
warrant to purchase one further share of the Company’s common stock at an
exercise price of $0.50 expiring on the earlier
of:
|
-
|
24 months
from the date of issuance of the warrant certificate (November 30, 2008),
or
|
-
|
Five business
days after the Company’s common stock trades at least one time per day on
the FINRA over the Counter Bulletin Board at a price at or above $0.80 per
share for seven consecutive trading
days.
|
8.
|
Stock
Options
|
Number
of Options
|
Weighted
Average Exercise Price
$
|
Weighted
Average Remaining
Contractual
Term
(Months)
|
Aggregate
Intrinsic Value
$
|
|||||
Outstanding,
May 31, 2008
|
1,450,000
|
0.33
|
||||||
Granted
|
450,000
|
0.33
|
||||||
Cancelled
|
(300,000)
|
0.25
|
||||||
Exercisable,
November 30, 2008
|
1,600,000
|
0.35
|
14
|
–
|
Grant
Date
|
Expected
Life
(Months)
|
Expected
Volatility
|
Dividend
Yield
|
Risk
Free
Rate
|
Weighted
Average
Grant
Date
Fair
Value
|
|||||||||||||||
June 9,
2008
|
6 | 95.30 | % | 0 | % | 2.12 | % | $ | 6,684 | |||||||||||
July 1,
2008
|
12 | 95.64 | % | 0 | % | 2.38 | % | $ | 31,533 | |||||||||||
July 16,
2008
|
12 | 98.04 | % | 0 | % | 2.16 | % | $ | 23,772 | |||||||||||
October 6,
2008
|
6 | 141.96 | % | 0 | % | 1.12 | % | $ | 11,580 |
9.
|
Warrants
|
Grant
Date
|
Expected
Life
(Months)
|
Expected
Volatility
|
Dividend
Yield
|
Risk
Free
Rate
|
Weighted
Average
Grant
Date
Fair
Value
|
|||||||||||||||
July 2,
2008
|
6 | 95.68 | % | 0 | % | 2.10 | % | $ | 0.22 | |||||||||||
October 16
-17, 2008
|
24 | 144.95 | % | 0 | % | 1.61 – 1.64 | % | $ | 0.10 | |||||||||||
November
24-28, 2008
|
24 | 140.59 | % | 0 | % | 1.00 – 1.31 | % | $ | 0.09 |
Number
of Warrants
|
Exercise
Price
|
Expiry
Date
|
4,000,000
|
$0.20
|
May 28,
2009
|
103,750
|
$0.50
|
November 19,
2009
|
6,250
|
$0.50
|
November 20,
2009
|
45,000
|
$0.50
|
December 1,
2009
|
35,000
|
$0.50
|
December 5,
2009
|
221,250
|
$0.50
|
December 10,
2009
|
37,500
|
$0.50
|
December 18,
2009
|
100,000
|
$0.50
|
February 28,
2010
|
75,000
|
$0.50
|
May 1,
2010
|
250,000
|
$0.50
|
October 16
and 17, 2010
|
610,000
|
$0.50
|
November 30,
2010
|
5,483,750
|
10.
|
Subsequent
Events
|
·
|
Mantra Energy
Alternatives Ltd., through which we identify, acquire, develop and market
technologies related to alternative energy production, greenhouse gas
emissions reduction and resource consumption
reduction;
|
·
|
Mantra Media
Corp., through which we offer promotional and marketing services to
companies in the sustainability sector or those seeking to adopt
sustainable practices;
|
·
|
Carbon
Commodity Corp., through which we intend to license or develop carbon
footprint assessment software and develop an online carbon reduction
marketplace;
|
·
|
Climate ESCO
Ltd., through which we plan obtain the distribution or licensing rights to
commercialized technologies and broker them to residential and industrial
consumers seeking sustainability
solutions;
|
·
|
Mantra Next
Gen Power Inc., through which we anticipate developing technologies in the
alternative energy sector; and
|
·
|
Mantra China
Limited, through which we, together with our joint venture partners, plan
to develop our business in Hong Kong and mainland
China.
|
Description
|
Expense
|
Stock
based/other
|
Total
|
|||||||||
Amortization
|
$ | 39,525 | - | $ | 39,525 | |||||||
Interest
expense
|
9,714 | - | 9,714 | |||||||||
Business
development
|
34,698 | 167,404 | 202,102 | |||||||||
Consulting
and advisory
|
- | 378,497 | 378,497 | |||||||||
Management
fees
|
334,700 | 72,800 | 407,500 | |||||||||
Research and
development
|
143,275 | 11,275 | 154,550 | |||||||||
Shareholder
communication, awareness and financing costs
|
285,350 | 67,907 | 353,257 | |||||||||
Professional
fees
|
266,419 | 91,500 | 357,919 | |||||||||
Public
listing and related
|
114,547 | 40,000 | 154,547 | |||||||||
Website and
corporate identity
|
134,293 | 26,975 | 161,268 | |||||||||
General,
Administrative and salaries
|
595,677 | 7,727 | 603,404 | |||||||||
$ | 1,958,198 | $ | 864,085 | $ | 2,822,283 |
Description
|
Expense
|
Stock
based/other
|
Total
|
|||||||||
Amortization
|
$ | 18,306 | - | $ | 18,306 | |||||||
Interest
expense
|
9,714 | - | 9,714 | |||||||||
Business
development
|
1,449 | - | 1,449 | |||||||||
Consulting
and advisory
|
- | 35,354 | 35,354 | |||||||||
Management
fees
|
96,000 | 51,533 | 147,533 | |||||||||
Research and
development
|
72,122 | - | 72,122 | |||||||||
Shareholder
communication, awareness and financing costs
|
113,912 | 55,433 | 169,345 | |||||||||
Professional
fees
|
115,664 | 50,000 | 165,664 | |||||||||
Public
listing and related
|
7,500 | - | 7,500 | |||||||||
General,
Administrative and salaries
|
148,684 | - | 148,684 | |||||||||
$ | 583,351 | $ | 192,320 | $ | 775,671 |
Date
of issuance
|
Type
of
security
issued
|
Number
of securities issued
|
Price
per security
($)
|
Value
($
)
|
June
2008
|
Common Shares
for services
|
37,500
|
0.19
|
7,125
|
July
2008
|
Units (common
shares and warrants) for cash
|
2,400,000
|
0.125
|
300,000
|
July
2008
|
Common Shares
for services
|
50,000
|
0.40
|
20,000
|
July
2008
|
Common Shares
for services
|
62,500
|
0.45
|
26,250
|
September
2008
|
Common Shares
for services
|
37,500
|
0.41
|
15,375
|
October
2008
|
Convertible
Debentures
|
N/A
|
N/A
|
250,000
|
November
2008
|
Units (common
shares and warrants) for cash - $10,000 applied to accounts
payable
|
1,220,000
|
0.25
|
305,000
|
Description
|
Target
completion date or period
|
Estimated
expenses
($)
|
Development
of the ERC reactor to demonstration pre-commercial scale
|
December 31,
2009
|
554,232
|
TSX Venture
listing costs including legal fees, sponsorship fees and financing
costs
|
March 31,
2009
|
230,000
|
Management
and consulting fees (including expenses of our Scientific Advisory
Board)
|
12
months
|
240,000
|
Corporate
communication, investor awareness and financing costs
|
12
months
|
126,000
|
Professional
fees, legal and audit
|
12
months
|
122,000
|
General,
administrative and salary expenses
|
12
months
|
158,698
|
Travel,
advertising and promotional expenses
|
12
months
|
48,000
|
Total
|
$1,478,930
|
·
|
On September
15, 2008, we issued 37,500 common shares to ECON Corporate Services, Inc.
(“ECON”) pursuant to a consulting agreement whereby we agreed to issue
150,000 common shares to ECON as compensation for investor services, which
shares are to be issued in four quarterly installments during the term of
the agreement. The shares were issued at a price of $0.41 per share. These
securities were issued without a prospectus pursuant to Regulation S of
the Securities Act.
|
·
|
On October 6,
2008, we granted two members of our Scientific Advisory Board the option
to purchase 50,000 common shares each at a price of $0.30 per share with
an expiry date of October 6, 2009 (aggregate of 100,000
options). These securities were issued without a prospectus
pursuant to Regulation S of the Securities
Act.
|
·
|
On November
30, 2008 we issued a promissory note whereby we agreed to pay a lender the
principal amount of $58,000, with an interest rate of 10% per year
calculated monthly, on December 31, 2009. This promissory note
was issued without a prospectus pursuant to Regulation S of the Securities
Act.
|
Exhibit
No.
|
Description
|
2.1
|
Plan of
Conversion of Mantra Venture Group Ltd. from a Nevada Corporation into a
British Columbia Corporation dated October 29, 2008
(1)
|
3.1
|
Articles of
Conversion of Mantra Venture Group Ltd. dated October 28, 2008
(1)
|
10.1
|
|
31.1
|
|
31.2
|
|
32.1
|
|
32.2
|
Mantra
Venture Group Ltd.
|
|
(Registrant)
|
|
/
s
/
Larry Kristof
|
|
Date: January
14, 2009
|
Larry
Kristof
|
President,
Chief Executive Officer,
Director
|
|
|
|
/s/
Dennis
Petke
|
|
Date: January
14, 2009
|
Dennis
Petke
|
Chief
Financial Officer,
Principal
Accounting Officer
|
|
|
1.
|
Line of
Credit.
The Lender will make available to the Borrower
for a period extending to October 14, 2010 (the “
Maturity Date
”), a
revolving line of credit for the principal amount of up to US $250,000
(the “
Credit
Limit
”). In connection herewith, the Borrower will execute and
deliver to the Lender a promissory note in the amount of the Credit Limit
attached hereto as “Exhibit A” (the “
Promissory Note
”). All
sums advanced on the Credit Line pursuant to the Agreement or as Prior
Advances shall become part of the principal of the Promissory
Note.
|
2.
|
Prior
Advances.
The balance of the Line of Credit available to
be advanced to the Borrower will be reduced by the Prior
Advances.
|
3.
|
Draw Down
Period.
The Borrower may draw down funds under the Line
of Credit from the Agreement Date until the Maturity
Date.
|
4.
|
Notice of Advance by
Borrower.
In order to draw down funds under the Line of
Credit, the Borrower must provide written notice to the Lender of the
amount the Borrower wishes to be advanced (the “
Notice
”), such amount
not to exceed US $25,000 each month (the “
Advance
Amount
”).
|
5.
|
Advances by
Lender.
Within 30 days of receiving the Notice from the
Borrower, the Lender will provide the Advance Amount to the
Borrower.
|
6.
|
Method of Payment of
Advances.
All advances made by the Lender on account of
the Line of Credit will be made by cheque delivered to the Borrower or by
wire transfer to an account to be designated by the
Borrower.
|
7.
|
Payment of Outstanding
Balance.
The outstanding balance of the Line of Credit,
including the Prior Advances, is repayable on the Maturity Date. The
Borrower may repay the outstanding balance, in whole or in part, at any
time prior to the Maturity Date. Any repayments made by the Borrower prior
to the Maturity Date will be applied toward the outstanding balance of the
Line of Credit. The repaid funds may be re-borrowed by the Borrower at any
time before the Maturity Date. At any particular time during the term of
the agreement, the Borrower may have borrowed in aggregate no more than
the Credit Limit.
|
8.
|
Fee.
The
Borrower will pay to the Lender a one-time fee of US $100 within 10
business days of entering into the Agreement as consideration for the Line
of Credit.
|
9.
|
Term
. The
Agreement shall be effective as of the Agreement Date and will continue in
full force and effect until the later of two years following the Agreement
Date or until the outstanding balance of the Line of Credit has been paid
in full.
|
10.
|
Costs.
The
Borrower will pay the costs of the drawing, execution and delivery of the
Agreement, provided however, that the parties will each be responsible for
their own legal costs in relation to the
Agreement.
|
11.
|
Assignment.
Neither
party may assign its rights under the Agreement, in whole or in party,
without the prior written consent of the other
party.
|
12.
|
Enurement.
This
Agreement and all its provisions will enure to the benefit of and be
binding upon the parties, their successors and permitted
assigns.
|
13.
|
Counterparts.
This
Agreement may be executed in any number of counterparts, each of which
when so executed will be considered to be an original and such
counterparts together will constitute one and the same
agreement.
|
14.
|
Invalidity of Any
Provision.
If any covenant, obligation or provision
contained in the Agreement is invalid or unenforceable, the remainder of
the Agreement will not be affected and each covenant, obligation or
provision of the Agreement will separately be valid and enforceable to the
fullest extent permitted by law.
|
1
|
I have
reviewed this Quarterly Report on Form 10-Q of Mantra Venture Group
Ltd.
|
|
2
|
Based on my
knowledge, this 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
report.
|
|
3
|
Based on my
knowledge, the financial statements, and other financial information
included in this 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
report.
|
|
4
|
I am
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15(d)-15(f)) for the Registrant and
have:
|
|
a
|
Designed such
disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, 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 report is being
prepared;
|
|
b
|
Designed such
internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting
principles;
|
|
c
|
Evaluated the
effectiveness of the Registrant’s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
|
|
d
|
Disclosed in
this report any change in the Registrant’s internal control over financial
reporting that occurred during the period covered by the quarter report
that has materially affected, or is reasonably likely to materially
affect, the Registrant’s internal control over financial
reporting.
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5.
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I have
disclosed, based on my most recent evaluation of internal control over
financial reporting, to the Registrant’s auditors and the audit committee
of the Registrant’s board of directors (or persons performing the
equivalent functions):
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a
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All
significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant’s ability to record,
process, summarize and report financial information;
and
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b
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Any fraud,
whether or not material, that involves management or other employees who
have a significant role in the Registrant’s internal control over
financial reporting.
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1
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I have
reviewed this Quarterly Report on Form 10-Q of Mantra Venture Group
Ltd.
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2
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Based on my
knowledge, this 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
report.
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3
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Based on my
knowledge, the financial statements, and other financial information
included in this 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
report.
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4
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I am
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15(d)-15(f)) for the Registrant and
have:
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a
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Designed such
disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, 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 report is being
prepared;
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b
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Designed such
internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting
principles;
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c
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Evaluated the
effectiveness of the Registrant’s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
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d
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Disclosed in
this report any change in the Registrant’s internal control over financial
reporting that occurred during the period covered by the quarter report
that has materially affected, or is reasonably likely to materially
affect, the Registrant’s internal control over financial
reporting.
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5.
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I have
disclosed, based on my most recent evaluation of internal control over
financial reporting, to the Registrant’s auditors and the audit committee
of the Registrant’s board of directors (or persons performing the
equivalent functions):
|
|
a
|
All
significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are
reasonably likely to adversely affect the Registrant’s ability to record,
process, summarize and report financial information;
and
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b
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Any fraud,
whether or not material, that involves management or other employees who
have a significant role in the Registrant’s internal control over
financial reporting.
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1
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The Report
fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
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2
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The
information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the
Company.
|
1
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The Report
fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
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2
|
The
information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the
Company.
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