<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a- 16 or 15d- 16 under the Securities Exchange Act of 1934
For the second quarter ended September 30, 2000
--------------------------------------------------
STOCKSCAPE.COM TECHNOLOGIES INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
SUITE #407 - 325 HOWE STREET, VANCOUVER, B.C. V6C 1Z7
-----------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (604) 687-0619.
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
FORM 20-F /x/ FORM 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES __ NO /x/
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
UNLESS OTHERWISE INDICATED, ALL REFERENCES TO "DOLLARS" AND "$" ARE TO
UNITED STATES DOLLARS.
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<PAGE>
FORM 61
QUARTERLY REPORT
INCORPORATED AS PART OF: /X/ SCHEDULE A
/ / SCHEDULE B & C
ISSUER DETAILS:
FOR QUARTER ENDED: SEPTEMBER 30, 2000
---------------------------------------------
DATE OF REPORT: NOVEMBER 16, 2000
---------------------------------------------
NAME OF ISSUER: STOCKSCAPE.COM TECHNOLOGIES INC.
---------------------------------------------
ISSUER'S ADDRESS: SUITE #407 - 325 HOWE STREET
---------------------------------------------
VANCOUVER, BC, V6C 1Z7
---------------------------------------------
ISSUER'S FAX NUMBER: 604-681-4170
---------------------------------------------
ISSUER'S PHONE NUMBER: 604-687-0619
---------------------------------------------
CONTACT PERSON: MARK BROWN
---------------------------------------------
CONTACT'S POSITION: TREASURER
---------------------------------------------
CONTACT TELEPHONE NUMBER: 604-687-3520
---------------------------------------------
CERTIFICATE
The Schedule(s) required to complete this Quarterly Report are attached and the
disclosure contained therein has been approved by the Board of Directors. A copy
of this Quarterly Report will be provided to any shareholder who requests it.
Please note this form is incorporated as part of both the required filing of
Schedule A and B&C.
John J. Brown "JOHN BROWN" November 21, 2000
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Name of Director Signed (TYPED) Date Signed
Barry F. Duggan "BARRY DUGGAN" November 21, 2000
-------------------------------------------------------------------------------
Name of Director Signed (TYPED) Date Signed
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIODS ENDING SEPTEMBER 30, 2000 AND 1999
-------------------------------------------------------------------------------
Management has compiled the unaudited interim financial information of
Stockscape.com Technologies Inc. consisting of the interim balance sheet as at
September 30, 2000 and the interim statement of operations and the interim
statement of cash flows for the nine months ended September 30, 2000. This
financial information has not been audited or reviewed by an accounting firm.
Readers are cautioned that these statements may not be appropriate for their
purposes.
-------------------------------------------------------------------------------
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Balance Sheets as at September 30
(Expressed in Canadian Dollars unless otherwise stated)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
2000 1999
----------- -----------
<S> <C> <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 425,109 $ 1,061,768
Short term investments 5,407,517 1,206,143
Marketable securities 162,741 104,451
Accounts receivable 341,434 91,661
Prepaid expenses and deposits 226,665 15,367
----------- -----------
6,563,466 2,479,390
LONG TERM INVESTMENTS 2,466,719 3,366,941
CAPITAL ASSETS 491,017 135,144
RESOURCE PROPERTY 1 1
INTANGIBLE ASSETS 9,322 10,101
----------- -----------
$ 9,530,525 $ 5,991,577
----------- -----------
----------- -----------
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 353,252 $ 270,443
Unearned revenue 125,272 49,518
----------- -----------
468,524 319,961
SHAREHOLDERS' EQUITY
SHARE CAPITAL 12,016,932 7,008,219
DEFICIT (2,954,931) (1,336,603)
----------- -----------
9,062,001 5,671,616
----------- -----------
$ 9,530,525 $ 5,991,577
----------- -----------
----------- -----------
-----------------------------------------------------------------------------------
</TABLE>
Approved by the Board of Directors
"BARRY DUGGAN" "JOHN BROWN"
------------------------------- -------------------------------
Barry F. Duggan John J. Brown
Director Director
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Statements of Operations and Deficit
For the Nine Months Ending September 30
(Expressed in Canadian Dollars unless otherwise stated)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------
2000 1999
---------- ----------
<S> <C> <C>
REVENUE
Web-site sales and service $ 433,701 $ 636,460
Investor on-line services 2,043,179 -
---------- ----------
2,476,880 636,460
COST OF SALES 2,310,237 559,359
---------- ----------
GROSS PROFIT 166,643 77,101
GENERAL AND ADMINISTRATIVE EXPENSES
Advertising and promotion 15,323 -
Amortization 134,593 52,114
Annual report and AGM costs 143,583 -
Audit, accounting and legal fees 158,511 48,467
Corporate capital taxes 21,411 -
Management and administration fees 553,682 125,287
Foreign exchange loss (gain) (34,597) (13,086)
Interest on debt - 28,753
Investor and shareholder relations 193,283 108,202
Listing and transfer fees 19,376 17,342
Office and miscellaneous 275,027 49,269
Rent 56,763 -
Salaries, wages and benefits 346,564 191,865
Travel 52,995 12,563
---------- ----------
1,958,025 599,265
---------- ----------
OPERATING LOSS 1,791,382 522,164
OTHER ITEMS
Gain on sale of marketable securities 394,539 -
Loss on disposal of fixed assets - (16,042)
Interest revenue 236,531 41,843
---------- ----------
NET LOSS FOR THE PERIOD 1,160,312 496,363
DEFICIT, BEGINNING OF PERIOD 1,794,619 840,240
---------- ----------
DEFICIT, END OF PERIOD $2,954,931 $1,336,603
---------- ----------
---------- ----------
LOSS PER SHARE $ (0.04) $ (0.07)
---------- ----------
---------- ----------
---------------------------------------------------------------------------------
</TABLE>
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Statements of Cash Flows
For the Nine Months Ending September 30
(Expressed in Canadian Dollars unless otherwise stated)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
CASH PROVIDED BY (USED FOR) 2000 1999
----------- -----------
<S> <C> <C>
OPERATIONS
Net loss for the period $(1,160,312) $ (496,363)
Items not involving cash
Amortization 134,593 52,114
Gain on sale of marketable securities & investments (394,539) -
Interest accrued on short term investments (148,798) -
Interest paid by issuance of shares - 21,105
Loss on disposal of fixed assets - 16,042
Changes in non-cash working capital items
Account receivable (267,553) (16,919)
Prepaid expenses and deposits (204,464) (6,447)
Accounts payable and accrued liabilities 90,772 169,937
Unearned revenue 58,015 (5,706)
----------- -----------
(1,892,286) (266,237)
INVESTING
Proceeds on sale of marketable securities & investments 847,584 -
Proceeds on disposal of capital assets - 4,200
Purchase of capital assets (274,366) (107,231)
Purchase of intangible assets (824) (2,586)
Net purchase of short-term investments 578,882 (1,500,536)
Cash acquired on business combination - 36,819
----------- -----------
1,151,276 (1,569,334)
FINANCING
Private placement proceeds, net of issue costs - 1,952,687
Exercise of Series A Warrants - 633,450
Proceeds on exercise of options 218,750 197,500
Short and long term debt proceeds - 233,407
Repayment of short-term debt - (177,500)
----------- -----------
218,750 2,839,544
INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS (522,260) 1,003,973
CASH AND CASH EQUIVALENTS,
Beginning of Year 947,369 57,795
----------- -----------
CASH AND CASH EQUIVALENTS,
End of Period $ 425,109 $ 1,061,768
----------- -----------
----------- -----------
---------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM 61
QUARTERLY REPORT
INCORPORATED AS PART OF: / / SCHEDULE A
INCORPORATED AS PART OF: /X/ SCHEDULE B & C
ISSUER DETAILS:
FOR QUARTER ENDED: SEPTEMBER 30, 2000
---------------------------------------------
DATE OF REPORT: NOVEMBER 16, 2000
---------------------------------------------
NAME OF ISSUER: STOCKSCAPE.COM TECHNOLOGIES INC.
---------------------------------------------
ISSUER'S ADDRESS: SUITE #407 - 325 HOWE STREET
---------------------------------------------
VANCOUVER, BC, V6C 1Z7
---------------------------------------------
ISSUER'S FAX NUMBER: 604-681-4170
---------------------------------------------
ISSUER'S PHONE NUMBER: 604-687-0619
---------------------------------------------
CONTACT PERSON: MARK BROWN
---------------------------------------------
CONTACT'S POSITION: TREASURER
---------------------------------------------
CONTACT TELEPHONE NUMBER: 604-687-3520
---------------------------------------------
CERTIFICATE
The Schedule(s) required to complete this Quarterly Report are attached and the
disclosure contained therein has been approved by the Board of Directors. A copy
of this Quarterly Report will be provided to any shareholder who requests it.
Please note this form is incorporated as part of both the required filing of
Schedule A and B&C.
John J. Brown "JOHN BROWN" November 16, 2000
-------------------------------------------------------------------------------
Name of Director Signed (TYPED) Date Signed
Barry F. Duggan "BARRY DUGGAN" November 16, 2000
-------------------------------------------------------------------------------
Name of Director Signed (TYPED) Date Signed
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended September 30, 2000
-------------------------------------------------------------------------------
1. For the current fiscal year to date:
General and Administrative Expenses - Please see Statement of Operations
and Deficit
Management & Administration Fees of $553,682 consists solely of salaries
and fees paid for senior personnel and employees.
<TABLE>
<S> <C>
Expenditures to non-arms length parties - $360,832
--------
--------
</TABLE>
2. For the quarter under review:
(a) The following securities were issued:
<TABLE>
<CAPTION>
Number of
Date Common Shares Type of Issue Consideration Issue price
------- ------------- ------------------------- ------------- -----------
<S> <C> <C> <C> <C>
July 11 25,000 Exercise of stock options Cash $0.50 CDN
</TABLE>
(b) The following stock options were granted during the quarter:
<TABLE>
<CAPTION>
Number of Granted Exercise Expiry
Shares To Price Date
--------- --------- --------- ------------
<S> <C> <C> <C>
97,500 Employees $0.50 USD July 5, 2005
</TABLE>
(c) A total of 15,000 stock options expired during the quarter.
3. As at the end of the quarter:
(a) Authorized Share Capital:
- 200,000,000 common shares without a par value of which 26,357,183
shares were issued and outstanding as at September 30.
- 100,000,000 preferred shares without par value of which none have
been issued.
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended September 30, 2000
-------------------------------------------------------------------------------
3. As at the end of the quarter, Continued:
(b) Incentive Stock Options outstanding:
<TABLE>
<CAPTION>
Number of Granted Exercise Expiry
Shares To Price Date
---------- --------- --------- -----------------
<S> <C> <C> <C>
400,000 Directors $0.50 CDN July 12, 2004
400,000 Directors $0.50 USD January 9, 2005
5,000 Officer $0.50 CDN July 12, 2004
100,000 Officers $0.50 USD January 9, 2005
45,000 Employees $0.50 CDN July 12, 2004
105,000 Employees $0.50 USD November 30, 2004
145,000 Employees $0.50 USD January 9, 2005
122,500 Employees $0.50 USD March 22, 2005
300,000 Director $0.50 USD April 16, 2005
97,500 Employees $0.50 USD July 5, 2005
---------
1,720,000
---------
---------
</TABLE>
Warrants outstanding:
<TABLE>
<CAPTION>
Number of Exercise Expiry
Shares Price Date
--------- --------- ------------------
<S> <C> <C>
175,000 $2.00 CDN December 31, 2001
400,000 $0.50 CDN September 30, 2002
-------
575,000
-------
-------
</TABLE>
(c) Total number of shares held in escrow: 10,000,000 common shares for a
minimum of two years to July 9, 2001.
(d) Directors at September 30, 2000: Andrew F. B. Milligan
Sargent H. Berner
A. Murray Sinclair
John J. Brown
Barry F. Duggan
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended September 30, 2000
-------------------------------------------------------------------------------
REPORT TO THE SHAREHOLDERS:
I am pleased to report a strong performance for the nine-month period ended
September 30, 2000, which is reflected in the consolidated operations of
Stockscape.com Technologies Inc.
Revenue for the period of $2,476,880, by comparison with sales of $636,460 for
the corresponding nine months in 1999, represents an increase of 390%. Cost of
sales increased by 413% to $2,310,237 resulting in a gross profit of $166,643.
Much of the increase in expenses was attributable to the continued building of
staff and facilities to meet the growing demands of the business, along with
$356,000 attributed to the costs of meeting the requirements of a reporting
public company. Legal, accounting and audit fees increased by $110,000 largely
in order to meet the quarterly corporate requirements of the SEC. Office
supplies and equipment costs are increasing related to the increase in our staff
needs. The resultant net loss for the nine months of $1,160,312 compares to a
net loss of $496,363 for the nine months in 1999. Cash and investments at
September 30, 2000 of $8,462,086 provide adequate assurance that the Company can
finance current operations and foreseeable growth. Long term investments are
carried at cost. When stated at current market, cash and investments total
$10,251,476.
Continued sales growth and the Company's ongoing investment in technology and
well-trained people continues to have a positive effect on the number of
visitors who regularly use the website. "Stickiness" is the strategy that we are
adopting in order to retain our user and gain new users. Plans are underway to
install "WAP" software that will enable our users to receive "Stockscape"
quotes, charts and indices on their cell phones and palm pilots.
The Company is currently installing new servers and routers in order to provide
real time streaming video and audio feeds in order to capture longer visits to
our site. The servers will also enable us to provide chat and e-mail to our
customers. We expect to soon enter into agreements to provide news and
entertainment content that will allow our users to keep up to date. Once the
equipment is fully tested, the "internet" telephony will also be installed and
made available to our users.
During November, the Company expects to finalize the purchase of US-based
Silverback Communications Inc., effective August 1, 2000. Silverback has already
contributed to the growth of your Company through the provision of database
management services under contract. We have continued our investigations into
new opportunities and potential acquisitions and hope to bring some of these
opportunities to fruition in the very near future.
The company conducts its own investor relations program and has one full time
staff member dedicated to investor relations activities. Information on
Stockscape.com is also available at www.stockscape.com.
Stockscape.com Technologies Inc. reports that it has received notice that United
States Fidelity and Guaranty Company (USF&G) is seeking a preliminary injunction
to secure USF&G's obligations with respect to a mining reclamation bond issued
on behalf of Mineral Ridge Resources Inc. (MRRI).
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended September 30, 2000
-------------------------------------------------------------------------------
REPORT TO THE SHAREHOLDERS (CONT'D)
MRRI was sold by Stockscape (formerly Cornucopia Resources Ltd.) to Vista Gold
Corp. on October 21, 1998, under the terms of an agreement whereby Vista Gold
Corp assumed the benefit and burden of all obligations with respect to MRRI,
including agreements with USF&G. The motion for Preliminary Injunction seeks to
compel the Defendants, who include Vista Gold Holdings Inc. and Vista Gold Corp.
as well as Stockscape's subsidiaries, to post an amount of US$793,583.00 as
additional collateral with respect to reclamation at the MRRI mine site.
Stockscape does not believe that it has any residual obligation with respect to
the Mineral Ridge Mine and is vigorously defending the action.
Barry F. Duggan
President and CEO
November 21, 2000
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
STOCKSCAPE.COM TECHNOLOGIES INC.
/s/ JOHN BROWN
Date: November 21, 2000 --------------------------------
John Brown
Chief Financial Officer
/s/ BARRY F. DUGGAN
Date: November 21, 2000 --------------------------------
President & CEO
