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Previous: LEADER MINING INTERNATIONAL INC/ /FI, 6-K, 2000-07-17 |
Next: LEADER MINING INTERNATIONAL INC/ /FI, 6-K, 2000-07-17 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
SEC File No. 0-26447
Report of Foreign Private Issuer Pursuant to Rules 13a-16 and 15d-16
under the Securities Exchange Act of 1934
For the month of September, 1999.
LEADER MINING INTERNATIONAL, INC.
(Translation of registrant's name into English)
400 - Fifth Avenue, SW., Suite #810, Calgary, Alberta T2P 0L6
(Address of principal executive offices)
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 X No _______
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b); 82-2467
<PAGE>
<TABLE>
<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 1999
CONSOLIDATED BALANCE SHEET
<S> <C> <C>
AS AT AS AT
ASSETS SEPTEMBER 30 1999 MARCH 31 1999
------ ----------- -----------
CURRENT ASSETS
Cash $ 92,571 $ 456,425
Accounts Receivable 3,214 3,214
Marketable securities - at market 0 22,942
Goods & Services Tax Receivable 5,702 34,642
Deposits and Prepaid Expense 90,006 179,773
-------- -------
191,494 696,996
CAPITAL ASSETS 32,579 32,579
DEFERRED EXPLORATION EXPENDITURES, NET OF WRITE DOWN 8,504,333 8,100,426
---------- ---------
$8,728,406 $8,830,001
=========== ==========
LIABILITIES
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities 101,630 277,590
DUE TO RELATED PARTIES 248,996 22,800
-------- ------
350,626 300,390
-------- -------
SHAREHOLDERS' EQUITY
CAPITAL STOCK 20,447,790 20,346,416
DEFICIT (12,070,010) (11,816,805)
------------ ------------
8,377,780 8,529,611
---------- ---------
$8,728,406 $8,830,001
=========== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 1999
CONSOLIDATED STATEMENT OF DEFICIT
<S> <C> <C>
1999 1998
---- ----
REVENUE
INTEREST $ 4,237 $ 35,129
------- --------
EXPENSES
Write-down of Deferred Exploration Expenditures 0 0
General & Administrative Expense 257,443 436,791
------- -------
NET LOSS FOR THE YEAR (253,205) (401,662)
--------- ---------
DEFICIT, BEGINNING OF PERIOD (11,816,805) (8,969,658)
------------ -----------
DEFICIT, END OF PERIOD ($12,070,010) ($9,371,320)
============= ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 1999
CONSOLIDATED STATEMENT OF DEFERRED EXPLORATION EXPENDITURES
<S> <C> <C>
1999 1998
---- ----
EXPENDITURES CAPITALIZED IN THE YEAR
Mining claims and Geological $30,000 $ 0
Exploration Costs 373,905 457,522
General and Administrative 0 0
- -
403,905 457,522
BALANCE, BEGINNING OF PERIOD 8,100,428 8,957,968
LESS: EXPLORATION COSTS WRITTEN OFF 0 0
- -
BALANCE, END OF PERIOD $8,504,333 $9,415,490
========== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 1999
CONSOLIDATED STATEMENT OF CHANGES IN FINANCIAL POSITION
<S> <C> <C>
1999 1998
---- ----
OPERATING ACTIVITIES
Net loss for the year ($ 253,205) ($ 401,662)
Change in non-cash working capital balances ( 34,313) (1,404,822)
--------- ---------
(287,519) (1,806,484)
FINANCING
Issuance of Common Shares 101,375 225,000
Proceeds from Sale of Capital Assets 0 0
Advances from Shareholders and Directors 226,196 3,557
Repayments to Shareholders and Directors 0 0
- -
327,571 228,557
-------- ---------
INVESTING
Mineral Properties and Deferred Exploration 403,905 457,522
Purchase of Capital Assets 0 2,170
- -----
403,905 459,692
------- -------
INCREASE (DECREASE) IN CASH (363,853) (2,037,619)
BANK BALANCE (OVERDRAFT), BEGINNING OF PERIOD 456,424 2,724,318
------- ---------
CASH, END OF PERIOD $ 92,571 $ 686,699
======== ===========
CASH & SHORT-TERM DEPOSITS ARE COMPRISED OF:
CASH 74,371 69,699
SHORT-TERM DEPOSITS 18,200 617,000
------ ---------
$ 92,571 $ 686,699
======== ===========
</TABLE>
<PAGE>
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.
Leader Mining International, Inc.
July 17, 2000 by:/s/Jasi Nikhanj
Jasi Nikhanj, President
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