x
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QUARTERLY REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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o
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TRANSITION REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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RED METAL RESOURCES LTD.
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(Exact name of small business issuer as specified in its charter)
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Nevada
(State or other jurisdiction
of incorporation or organization)
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20-2138504
(I.R.S. Employer
Identification No.)
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195 Park Avenue, Thunder Bay Ontario, Canada P7B 1B9
(Address of principal executive offices) (Zip Code)
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(807) 345-5380
(Issuer’s telephone number)
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Large accelerated filer
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o
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Accelerated filer
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o
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Non-accelerated filer
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o
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(Do not check if a smaller reporting company)
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Smaller reporting company
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x
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PART I—FINANCIAL INFORMATION
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1
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ITEM 1. FINANCIAL STATEMENTS.
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1
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CONSOLIDATED BALANCE SHEETS OCTOBER 31, 2010 (UNAUDITED) AND JANUARY 31, 2010
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1
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CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED OCTOBER 31, 2010 AND 2009 (UNAUDITED), AND THE PERIOD FROM INCEPTION (JANUARY 10, 2005)
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2
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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY FOR THE PERIOD FROM JANUARY 10, 2001 (INCEPTION) TO OCTOBER 31, 2010
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3
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CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED OCTOBER 31, 2010 AND 2009 (UNAUDITED), AND THE PERIOD FROM INCEPTION (JANUARY 31, 2005)
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4
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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5
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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
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8
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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
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19
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ITEM 4. CONTROLS AND PROCEDURES.
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19
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PART II—OTHER INFORMATION
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19
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ITEM 1. LEGAL PROCEEDINGS.
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19
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ITEM 1A. RISK FACTORS.
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20
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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
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20
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ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
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20
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ITEM 4. (REMOVED AND RESERVED).
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20
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ITEM 5. OTHER INFORMATION.
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20
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ITEM 6. EXHIBITS.
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20
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October 31, 2010
(unaudited)
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January 31, 2010
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|||||||
ASSETS
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||||||||
Current assets
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||||||||
Cash
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$ | 577 | $ | 7,951 | ||||
Prepaids and other receivables
|
35,987 | 17,175 | ||||||
Total current assets
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36,564 | 25,126 | ||||||
Unproved mineral properties
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660,817 | 643,481 | ||||||
Total assets
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$ | 697,381 | $ | 668,607 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
Current liabilities
|
||||||||
Accounts payable
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$ | 209,303 | $ | 129,534 | ||||
Accrued liabilities
|
59,629 | 92,485 | ||||||
Due to related parties
|
363,366 | 99,682 | ||||||
Notes payable to related party
|
62,193 | - | ||||||
Total liabilities
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694,491 | 321,701 | ||||||
Stockholders' equity
|
||||||||
Common stock, $0.001 par value, authorized 500,000,000,
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||||||||
10,216,301 and 9,676,301 issued and outstanding at October 31, 2010
and January 31, 2010
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10,217 | 9,677 | ||||||
Additional paid in capital
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2,913,300 | 2,778,840 | ||||||
Deficit accumulated during the exploration stage
|
(2,853,767 | ) | (2,384,201 | ) | ||||
Accumulated other comprehensive loss
|
(66,860 | ) | (57,410 | ) | ||||
Total stockholders' equity
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2,890 | 346,906 | ||||||
Total liabilities and stockholders' equity
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$ | 697,381 | $ | 668,607 |
Three months ended
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Nine months ended
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From January 10,
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||||||||||||||||||
October 31,
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October 31,
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2005 (Inception)
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||||||||||||||||||
2010
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2009
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2010
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2009
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to October 31, 2010
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||||||||||||||||
Revenue
|
||||||||||||||||||||
Royalties
|
$ | - | $ | - | $ | - | $ | - | $ | 15,658 | ||||||||||
Operating Expenses
|
||||||||||||||||||||
Administration
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27,812 | 17,302 | 66,527 | 60,283 | 254,285 | |||||||||||||||
Advertising and promotion
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25,488 | - | 83,097 | 26,560 | 296,372 | |||||||||||||||
Automobile
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5,709 | 5,643 | 18,346 | 16,674 | 59,941 | |||||||||||||||
Bank charges and interest
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8,182 | 2,123 | 24,531 | 4,887 | 36,925 | |||||||||||||||
Consulting fees
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38,800 | 32,654 | 107,795 | 78,226 | 400,405 | |||||||||||||||
Interest on notes payable
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864 | 15,953 | 2,193 | 43,805 | 72,185 | |||||||||||||||
Mineral exploration costs
|
548 | 117,781 | 13,519 | 162,922 | 739,712 | |||||||||||||||
Office
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3,069 | 1,066 | 6,296 | 3,619 | 25,518 | |||||||||||||||
Professional development
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- | - | 4,008 | - | 4,008 | |||||||||||||||
Professional fees
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19,661 | (2,230 | ) | 72,178 | 34,713 | 428,579 | ||||||||||||||
Rent
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3,333 | 3,014 | 9,566 | 9,137 | 38,275 | |||||||||||||||
Regulatory
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425 | 1,263 | 11,865 | 6,096 | 45,511 | |||||||||||||||
Travel and entertainment
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18,299 | 5,182 | 47,007 | 16,589 | 193,218 | |||||||||||||||
Salaries, wages and benefits
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2,161 | 3,085 | 3,168 | 13,988 | 49,363 | |||||||||||||||
Foreign exchange (gain) loss
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85 | (299 | ) | (530 | ) | (500 | ) | (557 | ) | |||||||||||
Write-down of unproved mineral properties
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- | (97,203 | ) | - | 29,685 | 225,685 | ||||||||||||||
Total operating expenses
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154,436 | 105,334 | 469,566 | 506,684 | 2,869,425 | |||||||||||||||
Net loss
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$ | (154,436 | ) | $ | (105,334 | ) | $ | (469,566 | ) | $ | (506,684 | ) | $ | (2,853,767 | ) | |||||
Net loss per share - basic and diluted
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$ | (0.02 | ) | $ | (0.02 | ) | $ | (0.05 | ) | $ | (0.12 | ) | ||||||||
Weighted average number of shares
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||||||||||||||||||||
outstanding - basic and diluted
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10,216,301 | 4,870,288 | 10,099,524 | 4,396,714 |
Common Stock Issued
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Accumulated
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||||||||||||||||||||||
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Additional
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Other
|
|||||||||||||||||||||
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Number of
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Paid-in
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Accumulated
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Comprehensive
|
|||||||||||||||||||
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Shares
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Amount
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Capital
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Deficit
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Loss
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Total
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|||||||||||||||||
Balance at January 10, 2005 (Inception)
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- | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||
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|||||||||||||||||||||||
Net loss
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- | - | - | (825 | ) | - | (825 | ) | |||||||||||||||
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|||||||||||||||||||||||
Balance at January 31, 2005
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- | - | - | (825 | ) | - | (825 | ) | |||||||||||||||
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|||||||||||||||||||||||
Common stock issued for cash
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5,525,000 | 5,525 | 53,725 | - | - | 59,250 | |||||||||||||||||
Common stock adjustment
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45 | - | - | - | - | - | |||||||||||||||||
Donated services
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- | - | 3,000 | - | - | 3,000 | |||||||||||||||||
Net loss
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- | - | - | (12,363 | ) | - | (12,363 | ) | |||||||||||||||
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|||||||||||||||||||||||
Balance at January 31, 2006
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5,525,045 | 5,525 | 56,725 | (13,188 | ) | - | 49,062 | ||||||||||||||||
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|||||||||||||||||||||||
Donated services
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- | - | 9,000 | - | - | 9,000 | |||||||||||||||||
Net loss
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- | - | - | (43,885 | ) | - | (43,885 | ) | |||||||||||||||
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|||||||||||||||||||||||
Balance at January 31, 2007
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5,525,045 | 5,525 | 65,725 | (57,073 | ) | - | 14,177 | ||||||||||||||||
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|||||||||||||||||||||||
Donated services
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- | - | 2,250 | - | - | 2,250 | |||||||||||||||||
Return of common stock to treasury
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(1,750,000 | ) | (1,750 | ) | 1,749 | - | - | (1 | ) | ||||||||||||||
Common stock issued for cash
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23,810 | 24 | 99,976 | - | - | 100,000 | |||||||||||||||||
Net loss
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- | - | - | (232,499 | ) | - | (232,499 | ) | |||||||||||||||
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|||||||||||||||||||||||
Balance at January 31, 2008
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3,798,855 | 3,799 | 169,700 | (289,572 | ) | - | (116,073 | ) | |||||||||||||||
|
|||||||||||||||||||||||
Common stock issued for cash
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357,147 | 357 | 1,299,643 | - | - | 1,300,000 | |||||||||||||||||
Net loss
|
- | - | - | (1,383,884 | ) | - | (1,383,884 | ) | |||||||||||||||
Foreign currency exchange loss
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- | - | - | - | (21,594 | ) | (21,594 | ) | |||||||||||||||
Balance at January 31, 2009
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4,156,002 | 4,156 | 1,469,343 | (1,673,456 | ) | (21,594 | ) | (221,551 | ) | ||||||||||||||
Common stock issued for cash
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1,428,572 | 1,428 | 98,572 | - | - | 100,000 | |||||||||||||||||
Net loss for the nine months ended October 31, 2009
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- | - | - | (506,684 | ) | - | (506,684 | ) | |||||||||||||||
Foreign currency exchange loss
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- | - | - | - | (32,321 | ) | (32,321 | ) | |||||||||||||||
Balance at October 31, 2009
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5,584,574 | 5,584 | 1,567,915 | (2,180,140 | ) | (53,915 | ) | (660,556 | ) | ||||||||||||||
Common stock issued for cash
|
250,000 | 250 | 62,250 | - | - | 62,500 | |||||||||||||||||
Common stock issued for debt
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3,841,727 | 3,843 | 1,148,675 | - | - | 1,152,518 | |||||||||||||||||
Net loss
|
- | - | - | (204,061 | ) | - | (204,061 | ) | |||||||||||||||
Foreign currency exchange loss
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- | - | - | - | (3,495 | ) | (3,495 | ) | |||||||||||||||
|
|||||||||||||||||||||||
Balance at January 31, 2010
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9,676,301 | 9,677 | 2,778,840 | (2,384,201 | ) | (57,410 | ) | 346,906 | |||||||||||||||
Common stock issued for cash
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540,000 | 540 | 134,460 | - | - | 135,000 | |||||||||||||||||
Net loss for the nine months ended October 31, 2010
|
- | - | - | (469,566 | ) | - | (469,566 | ) | |||||||||||||||
Foreign currency exchange loss
|
- | - | - | - | (9,450 | ) | (9,450 | ) | |||||||||||||||
Balance at October 31, 2010
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10,216,301 | $ | 10,217 | $ | 2,913,300 | $ | (2,853,767 | ) | $ | (66,860 | ) | $ | 2,890 |
For the nine months
|
From January 10,
|
|||||||||||
Ended October 31,
|
2005 (Inception)
|
|||||||||||
2010
|
2009
|
to October 31, 2010
|
||||||||||
Cash flows used in operating activities:
|
||||||||||||
Net loss
|
$ | (469,566 | ) | $ | (506,684 | ) | $ | (2,853,767 | ) | |||
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||||||
Donated services and rent
|
- | - | 14,250 | |||||||||
Write-down of unproved mineral properties
|
- | 168,740 | 225,685 | |||||||||
Changes in operating assets and liabilities:
|
||||||||||||
Prepaids and other receivables
|
(18,812 | ) | (3,399 | ) | (35,987 | ) | ||||||
Accounts payable
|
79,769 | 51,185 | 219,088 | |||||||||
Accrued liabilities
|
(32,856 | ) | (131,771 | ) | 200,868 | |||||||
Due to related parties
|
263,684 | 196,104 | 689,422 | |||||||||
Accrued interest on notes payable to related party
|
2,193 | 43,805 | 72,185 | |||||||||
Net cash used in operating activities
|
(175,588 | ) | (182,020 | ) | (1,468,256 | ) | ||||||
Cash flows used in investing activities:
|
||||||||||||
Acquisition of unproved mineral properties
|
(17,336 | ) | (39,960 | ) | (1,025,557 | ) | ||||||
Net cash used in investing activities
|
(17,336 | ) | (39,960 | ) | (1,025,557 | ) | ||||||
Cash flows provided by financing activities:
|
||||||||||||
Cash received on issuance of notes payable to related party
|
60,000 | 164,500 | 804,500 | |||||||||
Proceeds from issuance of common stock
|
135,000 | 100,000 | 1,756,750 | |||||||||
Net cash provided by financing activities
|
195,000 | 264,500 | 2,561,250 | |||||||||
Effects of foreign currency exchange
|
(9,450 | ) | (32,321 | ) | (66,860 | ) | ||||||
Increase in cash
|
(7,374 | ) | 10,199 | 577 | ||||||||
Cash, beginning
|
7,951 | 26,115 | - | |||||||||
Cash, ending
|
$ | 577 | $ | 36,314 | $ | 577 | ||||||
Supplemental disclosures:
|
||||||||||||
Cash paid for:
|
||||||||||||
Income tax
|
$ | - | $ | - | $ | - | ||||||
Interest
|
$ | - | $ | - | $ | - | ||||||
Non-cash financing transactions:
|
||||||||||||
Conversion of debt to related parties to shares of common stock
|
$ | - | $ | - | $ | (338,026 | ) | |||||
Conversion of notes payable to shares of common stock
|
$ | - | $ | - | $ | (744,500 | ) | |||||
Conversion of accrued interest to shares of common stock
|
$ | - | $ | - | $ | (69,992 | ) |
October 31,
2010
|
January 31,
2010
|
|||||||
Due to a company owned by an officer
|
$ | 161,888 | $ | 26,324 | ||||
Due to a company controlled by directors
|
159,986 | 48,920 | ||||||
Due to a company owned by a major shareholder and a relative of the president
|
32,657 | 18,594 | ||||||
Due to a major shareholder
|
8,158 | 5,719 | ||||||
Due to a relative of the president
|
125 | 125 | ||||||
Due to a company owned by a major shareholder and a relative of the president
|
552 | - | ||||||
Total due to related parties (a)
|
$ | 363,366 | $ | 99,682 | ||||
Note payable to a related party (b)
|
$ | 52,110 | $ | - | ||||
Note payable to a director (c)
|
10,083 | - | ||||||
Total notes payable to related parties
|
$ | 62,193 | $ | - |
|
•
|
$119,273 and $96,418, respectively, in consulting and other business expenses with a company owned by the chief financial officer of the Company.
|
|
•
|
$104,125 and $89,192 respectively, in administration, advertising and promotion, mineral exploration, travel and other business expenses with a company controlled by two directors.
|
|
•
|
$83 and $0, respectively, in interest on note payable issued to a director of the Company.
|
|
•
|
$45,748 and $46,470, respectively, in administration, automobile, rental, and other business expenses with a company owned by a major shareholder and a relative of the president.
|
|
•
|
$19,324 and $18,608, respectively, in administration expenses with a major shareholder.
|
|
•
|
$2,627 and $0, respectively, in reimbursable expenses with a company owned by a major shareholder and a relative of the president
.
|
October 31,
2010
|
January 31,
2010
|
|||||||
Unproved mineral properties, beginning
|
$ | 643,481 | $ | 753,519 | ||||
Acquisition
|
17,336 | 58,702 | ||||||
Unproved mineral properties written down
|
- | (168,740 | ) | |||||
Unproved mineral properties, ending
|
$ | 660,817 | $ | 643,481 |
|
•
|
general economic conditions, because they may affect our ability to raise money
|
|
•
|
our ability to raise enough money to continue our operations
|
|
•
|
changes in regulatory requirements that adversely affect our business
|
|
•
|
changes in the prices for minerals that adversely affect our business
|
|
•
|
political changes in Chile, which could affect our interests there
|
|
•
|
other uncertainties, all of which are difficult to predict and many of which are beyond our control
|
October 31, 2010
|
January 31, 2010
|
|
Working capital deficit
|
$(657,927)
|
$(296,575)
|
Current assets
|
$36,564
|
$25,126
|
Unproved mineral properties
|
$660,817
|
$643,481
|
Total liabilities
|
$694,491
|
$321,701
|
Common stock and additional paid in capital
|
$2,923,517
|
$2,788,517
|
Deficit
|
$(2,853,767)
|
$(2,384,201)
|
January 31,
2010
|
April 30,
2010
|
July 31,
2010
|
October 31,
2010
|
|
Revenue
|
–
|
–
|
–
|
–
|
Net loss
|
$(204,061)
|
($196,851)
|
($118,279)
|
($154,436)
|
Basic and diluted loss per share
|
$(0.03)
|
($0.02)
|
($0.01)
|
($0.02)
|
January 31,
2009
|
April 30,
2009
|
July 31,
2009
|
October 31,
2009
|
|
Revenue
|
$1,397
|
–
|
–
|
–
|
Net loss
|
$(371,841)
|
($290,188)
|
$(111,162)
|
$(105,334)
|
Basic and diluted loss per share
|
$(0.09)
|
($0.07)
|
$(0.03)
|
$(0.02)
|
Three months
ended October 31,
|
Changes between the periods ended
October 31,
|
Nine months
ended October 31,
|
Changes between the periods ended
October 31,
|
|||||||||||||||||||||
2010 | 2009 | 2010 and 2009 | 2010 | 2009 | 2010 and 2009 | |||||||||||||||||||
Operating Expenses
|
||||||||||||||||||||||||
Administration
|
$ | 27,812 | $ | 17,302 | $ | 10,510 | $ | 66,527 | $ | 60,283 | $ | 6,244 | ||||||||||||
Advertising and promotion
|
25,488 | – | 25,488 | 83,097 | 26,560 | 56,537 | ||||||||||||||||||
Automobile
|
5,709 | 5,643 | 66 | 18,346 | 16,674 | 1,672 | ||||||||||||||||||
Bank charges and interest
|
8,182 | 2,123 | 6,059 | 24,531 | 4,887 | 19,644 | ||||||||||||||||||
Consulting fees
|
38,800 | 32,654 | 6,146 | 107,795 | 78,226 | 29,569 | ||||||||||||||||||
Interest on notes payable
|
864 | 15,953 | (15,089 | ) | 2,193 | 43,805 | (41,612 | ) | ||||||||||||||||
Mineral exploration costs
|
548 | 117,781 | (117,233 | ) | 13,519 | 162,922 | (149,403 | ) | ||||||||||||||||
Office
|
3,069 | 1,066 | 2,003 | 6,296 | 3,619 | 2,677 | ||||||||||||||||||
Professional development
|
– | – | – | 4,008 | – | 4,008 | ||||||||||||||||||
Professional fees
|
19,661 | (2,230 | ) | 21,891 | 72,178 | 34,713 | 37,465 | |||||||||||||||||
Rent
|
3,333 | 3,014 | 319 | 9,566 | 9,137 | 429 | ||||||||||||||||||
Regulatory
|
425 | 1,263 | (838 | ) | 11,865 | 6,096 | 5,769 | |||||||||||||||||
Travel and entertainment
|
18,299 | 5,182 | 13,117 | 47,007 | 16,589 | 30,418 | ||||||||||||||||||
Salaries, wages and benefits
|
2,161 | 3,085 | (924 | ) | 3,168 | 13,988 | (10,820 | ) | ||||||||||||||||
Foreign exchange loss (gain)
|
85 | (299 | ) | 384 | (530 | ) | (500 | ) | (30 | ) | ||||||||||||||
Written down unproved mineral properties
|
– | (97,203 | ) | 97,203 | – | 29,685 | (29,685 | ) | ||||||||||||||||
Net loss
|
$ | 154,436 | $ | 105,334 | $ | 49,102 | $ | 469,566 | $ | 506,684 | $ | (37,118 | ) |
|
•
|
During the nine months ended October 31, 2009, we wrote down $29,685 in mineral property acquisition costs after we wrote down several generative claims. During the nine months ended October 31, 2010, we did not write down any of our properties.
|
|
•
|
During the nine months ended October 31, 2009, we contracted the services of a full-time geologist and prepared an NI 43-101 report on our Farellon property, which resulted in mineral exploration expenditures of $162,922 as opposed to $13,519 during the same period of 2010 as we conducted only minimal exploration activities.
|
|
•
|
Our advertising and promotion and travel and entertainment expenses increased by $56,537 and $30,418, respectively, as a result of increased investor relations activities.
|
|
•
|
Our bank charges and interest costs increased by $19,644, to $24,531 during the nine months ended October 31, 2010 compared to $4,887 for the nine months ended October 31, 2009, reflecting interest accrued on some outstanding vendor and related party invoices.
|
|
•
|
On April 14, 2010, we resumed filing reports with the Securities and Exchange Commission, which resulted in an increase of our professional and regulatory fees by $37,465 and $5,769, respectively.
|
|
•
|
During the nine months ended October 31, 2010 we accrued $2,193 in interest on the promissory notes outstanding at October 31, 2010. During the nine months ended October 31, 2009 we accrued $43,805 in interest on promissory notes outstanding at October 31, 2009.
|
October 31,
|
||||||||
2010
|
2009
|
|||||||
Net cash provided by financing activities
|
$ | 195,000 | $ | 264,500 | ||||
Net cash used in operating activities
|
(175,588 | ) | (182,020 | ) | ||||
Net cash used in investing activities
|
(17,336 | ) | (39,960 | ) | ||||
Effect of foreign currency exchange
|
(9,450 | ) | (32,321 | ) | ||||
Net increase (decrease) in cash
|
$ | (7,374 | ) | $ | 10,199 |
|
•
|
Farellon royalty.
We are committed to paying the vendor a royalty equal to 1.5% on the net sales of minerals extracted from the Farellon claims up to a total of $600,000. The royalty payments are due monthly once exploitation begins and are subject to minimum payments of $1,000 per month. We have no obligation to pay the royalty if we do not commence exploitation. As of the date of this report we have not commenced exploitation.
|
|
•
|
Che option.
Under the terms of our option agreement with Minera Farellon, we must pay $20,000 by April 10, 2011 to exercise the option and purchase the Che claims. If we exercise our option, then we must pay a royalty equal to 1% of the net sales of minerals extracted from the claims to a maximum of $100,000 to the former owner. The royalty payments are due monthly once exploitation begins, and are not subject to minimum payments.
|
|
•
|
Irene option .
Under the terms of our option agreement with Minera Farellon, we must pay 21 million Chilean pesos (approximately $43,000 US) by March 1, 2011 to exercise the option and purchase the Irene claims.
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Table 7: Due to related parties
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||
October 31, 2010
|
January 31, 2010
|
|
Due to Da Costa Management Corp.
|
$161,888
|
$26,324
|
Due to Fladgate Exploration Consulting Corporation
|
$159,986
|
$48,920
|
Due to Minera Farellon Limitada
|
$32,657
|
$18,594
|
Due to Kevin Mitchell
|
$8,158
|
$5,719
|
|
•
|
$119,273 and $96,418, respectively, in consulting and other business expenses for services provided by Da Costa Management Corp., a company owned by our CFO and treasurer
|
|
•
|
$104,125 and $89,192, respectively, in administration, advertising and promotion, mineral exploration, travel and other business expenses for services provided by or paid on our behalf by Fladgate Exploration Consulting Corporation, a company controlled by our directors
|
|
•
|
$45,748 and $46,470, respectively, in administration, automobile, rental, and other business expenses for services provided by Minera Farellon Limitada, a company owned by Kevin Mitchell, a major shareholder, and Richard Jeffs, the father of our president
|
|
•
|
$19,324 and $18,608, respectively, in administration expenses for services provided by Kevin Mitchell
|
RED METAL RESOURCES LTD. | |||
By:
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/s/ Caitlin Jeffs | ||
Caitlin Jeffs, Chief Executive Officer and President
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|||
By: |
/s/ John Da Costa
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||
John DaCosta, Chief Financial Officer |
/s/ Caitlin Jeffs | ||
Caitlin Jeffs, Chief Executive Officer and President |
/s/ John Da Costa | ||
John Da Costa, Chief Financial Officer |
/s/ Caitlin Jeffs
Caitlin Jeffs, Chief Executive Officer and President
|
||
/s/ John Da Costa
John Da Costa, Chief Financial Officer
|