Canadian Empire Exploration (CXPJF) 6-K 6-K Filing for CXP

CANADIAN EMPIRE EXPLORATION CORP. 

(the "Company")

INTERIM REPORT

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

(UNAUDITED)

CANADIAN EMPIRE EXPLORATION CORP.
CONSOLIDATED BALANCE SHEET
AS AT SEPTEMBER 30, 2005 AND DECEMBER 31, 2004
(UNAUDITED)
	JUNE 30, 2005			DECEMBER 31, 2004
	$			$
ASSETS
Current Assets
Cash and cash equivalents		117,084			451,514
Accounts receivable		14,560			44,411
		131,644			495,925
Reclamation deposits		11,300			11,300
Resource Assets (note 4)		1,120,199			944,932
		1,263,143			1,452,157
LIABILITIES
Current liabilities
Accounts payable and accrued liabilites		138,650			201,631
Due to related party		112,646			50,612
		251,296			252,243
SHAREHOLDERS' EQUITY
Capital stock		21,931,951			21,403,422
Allotted but not issued		-			525,000
Stock options and warrants		350,766			283,241
Contributed surplus		64,784			64,784
Deficit		(21,335,653	)		(21,076,533	)
		1,011,847			1,199,914
		1,263,143			1,452,157

"John S. Brock"	"R. E. Gordon Davis"
John S. Brock	R. E. Gordon Davis

CANADIAN EMPIRE EXPLORATION CORP.
CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
(UNAUDITED)
		9 MONTHS ENDED SEPTEMBER 30, 2005			9 MONTHS ENDED SEPTEMBER 30, 2004			3 MONTHS ENDED SEPTEMBER 30, 2005			3 MONTHS ENDED SEPTEMBER 30, 2004
											$$
Administration expenses
Bank charges			480			424			42			71
Foreign exchange loss (gain)			41			253			143			253
Tax penalty on flow-through shares renounced			7,857			28,384			2,044			10,961
Consulting			625			500			500			-
Insurance			12,748			2,772			210			-
Legal and audit			8,500			27,210			384			16,961
Office operations and facilities			27,380			30,443			8,240			9,238
Management and administrative services			17,797			44,039			4,229			7,629
Stock-based compensation			67,525			131,293			22,263			101,540
Shareholder communication			5,460			17,864			1,744			3,147
Transfer agent and regulatory fees			27,711			33,194			8,010			9,167
			176,124			316,376			47,808			158,967
Other Expenses (income)
General exploration expenditures	��		4,383			73,245			23			29,978
Write-off of exploration expenditures			64,130			2,912			-			-
Write-off of mineral property expenditures			14,510			-			-			-
Yukon Government Grant			-			(20,000	)		-			-
Sale of data			-			(11,165	)		-			-
Interest income			(26	)		(11,887	)		(0	)		(3,410	)
			82,997			33,105			23			26,568
Loss for the period			259,120			349,481			47,831			185,535
Deficit - beginning of period			21,076,533			20,621,033			21,287,822			20,784,979
Deficit - end of period			21,335,653			20,970,514			21,335,653			20,970,514
Basic and diluted loss per common share		$	0.01		$	0.01		$	0.00		$	0.01
Weighted average number of common shares			35,539,918			28,900,975			36,364,366			28,889,336

CANADIAN EMPIRE EXPLORATION CORP.
CONSOLIDATED STATEMENTS OF DEFERRED EXPLORATION AND MINERAL PROPERTY EXPENDITURES
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
(UNAUDITED)
	9 MONTHS ENDED SEPTEMBER 30, 2005		9 MONTHS ENDED SEPTEMBER 30, 2004		3 MONTHS ENDED SEPTEMBER 30, 2005		3 MONTHS ENDED SEPTEMBER 30, 2004
					$		$
Exploration and mineral property expenditures
during the period
Accomodation		8,384		4,320		6,828		2,996
Assays and geochemical analysis		29,828		4,734		10,324		1,495
Consulting		38,350		40,660		17,645		20,957
Drilling		-		50,060		-		-
Expediting		141		262		101		51
Field supplies		4,351		5,016		3,109		1,634
Fuel		-		-		-		-
Maps, printing and drafting		10,887		2,132		2,160		482
Project management fees		18,504		16,746		11,458		6,868
Property acquisition costs		8,788		14,300		4,725		9,300
Salaries and wages		69,444		70,917		37,298		30,469
Surveys		-		-		-		(589	)
Transportation		69,614		31,645		65,763		28,342
Expenditures during the period		258,291		240,792		159,411		102,005
Balance - beginning of period		944,932		-		960,811		92,608
Less:
General exploration expenditures		4,383		73,245		23		29,978
Write-off of exploration expenditures		64,130		2,912		-		-
Write-off of mineral property expenditures		14,510		-		-		-
Reclamation deposit		-		-		-		-
		83,023		76,157		23		29,978
Balance - end of period		1,120,199		164,635		1,120,199		164,635

CANADIAN EMPIRE EXPLORATION CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
(UNAUDITED)
	9 MONTHS ENDED SEPTEMBER 30, 2005			9 MONTHS ENDED SEPTEMBER 30, 2004			3 MONTHS ENDED SEPTEMBER 30, 2005			3 MONTHS ENDED SEPTEMBER 30, 2004
										$$
Cash flows from operating activities
Loss for the period		(259,120	)		(349,481	)		(47,831	)		(185,535	)
Items not affecting cash
Sale of data		-			(11,165	)		-			-
Stock-based compensation		67,525			131,293			22,263			101,540
Write-off of exploration expenditures		64,130			2,912			-			-
Write-off of mineral property expenditures		14,510			-			-			-
		(112,956	)		(226,441	)		(25,568	)		(83,995	)
Changes in non-cash working capital items		28,903			(77,478	)		20,761			15,340
		(84,053	)		(303,919	)		(4,807	)		(68,655	)
Cash flows from financing activities
Share issue		-			123,700			-			-
Allotted but not issued for private placement		-			-			-			-
Share issue costs		-			(42	)		-			(42	)
-					123,658			-			(42	)
Cash flows from investing activities
Property acquisition and maintenance costs		(5,260	)		(11,000	)		(4,725	)		(6,000	)
Deferred exploration expenditures		(245,117	)		(153,247	)		(154,663	)		(62,727	)
Reclamation deposit		-			-			-			-
		(250,377	)		(164,247	)		(159,388	)		(68,727	)
Increase (decrease) in cash and cash equivalents		(334,430	)		(344,508	)		(164,195	)		(137,424	)
Cash and cash equivalents - beginning of period		451,514			1,067,042			281,279			859,958
Cash and cash equivalents - end of period		117,084			722,534			117,084			722,534
Non-cash financing and investing activities
Issuance of shares for mineral properties		2,750			-			-			-
Issuance of warrants for mineral properties		778			-			-			-