RAVEN GOLD CORP Financials

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RAVEN GOLD CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Overview Unless the context otherwise requires, all references in this report to "Raven Gold," "our," "us," "we" and the "Company") refer to Raven Gold Corp. We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company's telephone number is (405) 728- 3800. Results Of Operations Three months ended July 31, 2009 compared to three months ended July 31, 2008 Revenues for the three months ended July 31, 2009 were $nil ($nil - 2008). For the three months ended July 31, 2009, operating expenses totaled $3,531 ($15,069 - 2008). This was a decrease of $11,538. This decrease was primarily due to a decrease in professional fees and administrative costs incurred by the Company. Interest expense was $64,375 ($60,963 - 2008). This was an increase of $3,412, due from an increase in borrowed funds. The net loss was $73,966 ($75,053 - 2008) for the three months ended July 31, 2009. The decrease in the net loss for the three months ended July 31, 2009 was due to a decrease of professional fees and administrative costs. On May 9, 2008 Raven Gold failed to meet its lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. Write down of the Company's investment in joint venture was recorded in the year ended April 30, 2008 financial statements. Liquidity and Capital Resources Total current assets as of July 31, 2009 were $282 ($433 - 2008) all in cash. Additionally, a shareholders deficiency in the amount of $3,652,135 as of July 31, 2009 ($3,371,025 - 2008), a direct result of the Company incur...
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RAVEN GOLD CORP Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION Overview Unless the context otherwise requires, all references in this report to "Raven Gold," "our," "us," "we" and the "Company") refer to Raven Gold Corp. We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company's telephone number is (405) 728-3800. Results of Operations Year Ended April 30, 2009 Compared to Year Ended April 30, 2008 Revenues for the year ended April 30, 2009 were $nil ($nil - 2008) with no change from the previous year. For the year ended April 30, 2009, operating expenses totaled $35,836 ($224,475 - 2008). This was a decrease of $188,639 or 84%. This increase was primarily due to a decrease in administrative costs incurred by the Company. Interest expense for the year ended April 30, 2009 was $251,991 ($136,826 - 2008) an increase of $115,165 due to an increase in the calculation period of outstanding notes payable by the Company from April 30, 2009 and April 30, 2008. The net loss was $282,196 ($3,083,184 - 2008) for the year ended April 30, 2009. The decrease was primarily due to the decrease in impaired mineral rights expense and administrative expenses. On May 9, 2008, we failed to meet our lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. Write down our investment in joint venture was recorded in the year ended April 30, 2008 financial statements. Liquidity and Capital Resources Total current assets as of April 30, 2009 were $287 ($1,835 - 2008), all in cash. Additionally, a sh...
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RAVEN GOLD CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Overview Unless the context otherwise requires, all references in this report to "Raven Gold," "our," "us," "we" and the "Company") refer to Raven Gold Corp. We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company's telephone number is (405) 728-3800. Results of Operations Three months ended January 31, 2009 compared to three months ended January 31, 2008 Revenues for both the three months ended January 31, 2009 and the three months ended January 31, 2008 were $nil. As we did not earn any revenues for three months ended January 31, 2009, our cost of revenues for three months ended January 31, 2009 was $0. Our professional fees, including legal, accounting and public relations fees, were $5,669 for the three months ended January 31, 2009, as compared to $4,427 during the three months ended January 31, 2008. An increase of $1,242 or 28%, which is primarily due to an increase in professional service costs. Our general and administrative expenses were $54 for the three months ended January 31, 2009, as compared to $22,917 during the three months ended January 31, 2008. This is mainly due to a decrease in administrative staff, office rental and general office expenses. Our listing and filings fees expenses during the three months ended January 31, 2009 decreased approximately 100% from $2,335 for the three months ended January 31, 2008 to $0 during the three months ended January 31, 2009, due primarily, from a fewer number of transactions during the period. Our interest expense during the three months ended January 31, 2009 was $64,374 as compared to...
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RAVEN GOLD CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Overview Unless the context otherwise requires, all references in this report to "Raven Gold," "our," "us," "we" and the "Company refer to Raven Gold Corp. We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company's telephone number is (405) 728-3800. Results of Operations Three months ended October 31, 2008 compared to three months ended October 31, 2007 Revenues for both the three months ended October 31, 2008 and the three months ended October 31, 2007 were $nil. As we did not earn any revenues for three months ended October 31, 2008, our cost of revenues for three months ended October 31, 2008 was $0. Our professional fees, including legal, accounting and public relations fees, were $2,056 for the three months ended October 31, 2008, as compared to $44,016 during the three months ended October 31, 2007. A decrease of $41,960 or 95%, primarily due to fewer legal filings. Our general and administrative expenses were $38 for the three months ended October 31, 2008, as compared to $54,390 during the three months ended October 31, 2007. This is mainly due to a decrease in salaries paid for administrative staff, office rentals and general office expenses. Our listing and filings fees expenses during the three months ended October 31, 2008 decreased approximately 100% from $7,297 for the three months ended October 31, 2007 to $0 during the three months ended October 31, 2008, due primarily, from a fewer number of transactions during the period. Our interest expense during the three months ended October 31, 2008 was $64,374 as compared to $45,496 for the t...
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