 |
v2.4.0.6
|
Statements of Operations (USD $)
|
12 Months Ended |
27 Months Ended |
|
Oct. 31, 2012
|
Oct. 31, 2011
|
Oct. 31, 2012
|
| Operating expenses: |
|
|
|
| Administration |
$ 6,773 |
$ 2,435 |
$ 9,208 |
| Accounting |
26,048 |
7,463 |
33,511 |
| Bank charges |
484 |
411 |
998 |
| Consulting |
25,988 |
48,658 |
74,646 |
| Management fees |
67,218 |
75,435 |
161,570 |
| Mineral exploration |
10,000 |
|
10,000 |
| Office |
11,725 |
1,962 |
14,282 |
| Professional fees |
50,771 |
11,802 |
68,230 |
| Regulatory |
12,214 |
1,408 |
15,177 |
| Travel and entertainment |
2,990 |
|
2,990 |
| Foreign exchange |
290 |
(561) |
(271) |
| Loss before other items |
(214,501) |
(149,013) |
(390,341) |
| Other items: |
|
|
|
| Interest income |
18,180 |
24,038 |
42,218 |
| Net Loss |
$ (196,321) |
$ (124,975) |
$ (348,123) |
| Loss per share - basic and diluted (in Dollars per share) |
$ 0.04 |
$ 0.04 |
|
| Weighted average number of shares outstanding: (in Shares) |
5,400,286 |
2,803,349 |
|
| X |
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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- Definition
Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.
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- Definition
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The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).
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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
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