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, 2000.
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
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LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 2000
CONSOLIDATED BALANCE SHEET
<S> <C> <C>
AS AT AS AT
ASSETS SEPT. 30, 2000 MARCH 31, 2000
------ -------------- ---------------
CURRENT ASSETS
Cash $ 76,504 $ 211,125
Accounts Receivable 0 17,298
Goods & Services Tax Receivable 7,627 3,426
Deposits and Prepaid Expense 321,085 13,619
-------- ------
405,217 245,468
CAPITAL ASSETS 25,509 24,829
DEFERRED EXPLORATION EXPENDITURES, NET OF WRITE DOWN 8,126,069 8,004,148
---------- ---------
$8,556,794 $8,274,445
=========== ==========
LIABILITIES
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities 39,348 55,643
DUE TO RELATED PARTIES 11,945 0
------- ------
51,293 55,643
------- ------
SHAREHOLDERS' EQUITY
CAPITAL STOCK 21,443,315 20,963,315
DEFICIT (12,937,814) (12,744,513)
------------ ------------
8,505,501 8,218,802
---------- ---------
$8,556,794 $8,274,445
=========== ==========
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<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 2000
CONSOLIDATED STATEMENT OF DEFICIT
<S> <C> <C>
2000 1999
---- ----
REVENUE
Management Fees 15,857 0
Equipment Rental Income 10,800 0
Interest 4,912 3,572
------ -----
Total Revenue $ 31,570 $ 3,572
EXPENSES
Exploration Expenditures 0 0
General & Administrative Expense ( Note 1 ) 224,871 173,666
-------- -------
Total Expense 224,871 173,666
NET LOSS FOR THE YEAR (193,302) (170,094)
--------- ---------
DEFICIT, BEGINNING OF PERIOD (12,744,512) (11,816,805)
------------ ------------
DEFICIT, END OF PERIOD ($12,937,814) ($11,986,898)
============= =============
Note 1 : G & A includes legal, advertising and travel expenses totalled $94,123.
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<CAPTION>
LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 2000
CONSOLIDATED STATEMENT OF DEFERRED EXPLORATION EXPENDITURES
<S> <C> <C>
2000 1999
---- ----
EXPENDITURES CAPITALIZED IN THE YEAR
Mining claims and Geological $ 0 $ 0
Exploration Costs 121,920 134,296
General and Administrative 0 0
- -
121,920 134,296
BALANCE, BEGINNING OF PERIOD 8,004,148 8,100,428
LESS: EXPLORATION COSTS WRITTEN OFF 0 0
- -
BALANCE, END OF PERIOD $8,126,069 $8,234,724
========== ==========
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LEADER MINING INTERNATIONAL INC.
INTERIM FINANCIAL STATEMENTS
SIX MONTHS ENDED SEPTEMBER 30, 2000
CONSOLIDATED STATEMENT OF CHANGES IN FINANCIAL POSITION
<S> <C> <C>
2000 1999
---- ----
OPERATING ACTIVITIES
Net loss for the year ($ 193,302) ($ 170,094)
Change in non-cash working capital balances (309,789) (176,618)
--------- ---------
(503,091) (346,711)
--------- ---------
FINANCING
Issuance of Common Shares 480,000 3,275
Proceeds from Sale of Capital Assets 0 0
Advances from Shareholders and Directors 11,071 77,746
Repayments to Shareholders and Directors 0 0
------- -------
491,071 81,021
------- -------
INVESTING
Mineral Properties and Deferred Exploration Expenditures 121,920 134,296
Purchase of Capital Assets 680 0
-------- -------
122,600 134,296
-------- -------
INCREASE (DECREASE) IN CASH (134,620) (399,987)
BANK BALANCE (OVERDRAFT), BEGINNING OF PERIOD 211,124 456,424
-------- ---------
CASH, END OF PERIOD $ 76,504 $ 56,438
========== =========
CASH & SHORT-TERM DEPOSITS ARE COMPRISED OF:
Cash 57,504 28,538
Short-term deposits 19,000 27,900
---------- ---------
$ 76,504 $ 56,438
========== =========
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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.
November 14, 2000 by:/s/Jasi Nikhanj
Jasi Nikhanj, President