American United Gold 10QSB 2003 Q3 Quarterly report (small business)

U. S. Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter endedJune 30, 2003

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________________ to ______________________

Commission File No.0-23920

MPAC Corporation

(Name of Small Business Issuer in its Charter)

Nevada91-2084507

(State or Other Jurisdiction of (I.R.S. Employer

incorporation or organization) Identification No)

1302 Arbutus Street, Vancouver, B.C. Canada, V6J 3W8

(Address of Principal Executive Offices)

(604) 736-7481

Issuer's Telephone Number

(Former Name or Former Address, if changed since last Report)

Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

(1)

Yes

(2)

Yes

(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Not applicable

(APPLICABLE ONLY TO CORPORATE ISSUERS)

State the number of shares outstanding of each of the Issuer's classes of common equity, as of the latest practicable date:

September 1, 2003

Common - 8,291,518 shares

DOCUMENTS INCORPORATED BY REFERENCE

A description of any "Documents Incorporated by Reference" is contained in Item 6 of this Report.

Transitional Small Business Issuer Format

Yes

INDEX

Part I - Financial Information

Item 1. Financial StatementsPage

Balance Sheets

Interim Consolidated Statements Of Loss And Deficit

Statements of Cash Flows

Statement Of Shareholders' Equity

Notes to the Financial Statements

Item 2. Management's Discussion and Analysis or Plan of Operation

PART II - Other Information

SIGNATURES

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The Financial Statements of the Company required to be filed with this 10-QSB Quarterly Report were prepared by management and commence on the following page, together with related Notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Company.

MPAC Corporation

(A Development Stage Company)

Interim Financial Statements

June 30, 2003

(Unaudited)

MPAC CORPORATION

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2003

(Stated in US Dollars)

(Unaudited)

MPAC CORPORATION

INTERIM CONSOLIDATED BALANCE SHEETS

June 30, 2003 and September 30, 2002

(Stated in US Dollars)

(Unaudited)

	(Unaudited)	(Audited)
	June 30,	September 30,
ASSETS	2003	2002
Current
Cash and cash equivalents	$ 21,917	$ 43,769
Accounts receivable	2,159	6,676
Investment tax credits receivable	-	86,920
Prepaid expenses and deposits	665	565

	24,741	137,930
Capital assets	-	4

	$ 24,741	$ 137,934

LIABILITIES
Current
Accounts payable and accrued liabilities	$265,681	$225,018
Current portion of capital lease obligation - Note 9	-	6,328
Current portion of long-term debt - Note 8	1,751	2,988
Demand loans	133,913	125,099

	401,345	359,433
Capital lease obligation - Note 9	-	2,247
Long-term debt - Note 8	387,094	419,674

	788,439	781,354

STOCKHOLDERS' DEFICIENCY
Stockholders' Equity - Note 3
Common stock, unlimited number of authorized shares with no par value:
8,291,518 shares issued and outstanding	8,291	8,291
Additional paid-in capital	605,854	605,854
Shares allotted	4,370	4,370
Accumulated deficit	(1,382,213)	(1,261,935)

Total stockholders' deficiency	(763,698)	(643,420)

	$24,741	$137,934

APPROVED BY THE BOARD

______________________________________Director

MPAC CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT

for the three and nine months ended June 30, 2003 and 2002

(Stated in US Dollars)

(Unaudited)

	Three Months Ended		Nine Months Ended
	June 30		June 30
	2003	2002	2003	2002
OTHER INCOME
Sales	$ -	$ 364,175	$ -	$ 396,766
Interest income	-	-	1,362	151
Other income	2,830	-	2,830	22,984

	2,830	364,175	4,192	419,901

COST OF GOODS SOLD	-	176,123	-	189,917
EXPENSES
Accounting	13,226	-	26,471	14,614
Amortization	-	7,761	-	22,961
Automobile	-	-	-	13
Courier	-	80,485	-	81,323
Foreign exchange	12,760	3,899	21,434	5,243
General and administrative	1,397	906	10,740	6,715
Insurance	-	2,382	-	2,919
Interest and bank charges	109	561	720	1,613
Interest on long-term debt	3,128	2,815	8,813	28,907
Legal	7,330	5,925	19,825	37,105
Management fee	3,295	7,588	26,180	15,041
Meals and entertainment	-	55	-	163
Professional fees	-	47,156	213	57,535
Rent and property taxes	1,991	1,956	6,509	29,599
Supplies and tools	-	-	-	9,302
Telephone and utilities	-	959	228	6,100
Transfer agent	-	(515)	-	501
Travel	-	-	2,971	2,554
Wages	-	714	366	2,596

	43,236	162,647	124,470	324,804

OPERAING INCOME (LOSS)	(40,406)	25,405	(120,278)	(94,820)
REDUCTION IN CARRYING VALUE OF
CAPITAL ASSETS	-	(127,866)	-	(127,866)

NET LOSS	(40,406)	(102,461)	(120,278)	(222,686)

DEFICIT, Beginning of Period	(1,341,807)	(945,612)	(1,261,935)	(825,387)

DEFICIT, End of Period	$(1,382,213)	$ (1,048,073)	$(1,382,213)	$(1,048,073)

Weighted Average Number of Shares	8,099,092	7,779,188	8,099,092	7,779,188
Loss Per Share	$ (0.005)	$ (0.01)	$ (0.01)	$ (0.03)

MPAC CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

for the three and six months ended June 30, 2003 and 2002

(Stated in US Dollars)

(Unaudited)

	Three Months Ended		Nine Months Ended
	June 30		June 30
	2003	2002	2003	2002
Cash Flows From (Used For) Operating Activities
Cash received from customers	$ 1,194	$ 259,687	$ 7,347	$ 304,143
Cash paid to suppliers and employees	(4,858)	(264,340)	(74,052)	(359,326)
Interest received	-	-	1,362	151
Interest paid on capital lease obligation	-	(265)	(192)	(884)
Interest paid on long-term debt	(55)	(118)	(209)	(398)

	(3,719)	(5,036)	(65,744)	(56,314)

Cash Flows From Investing Activities
Investment tax credits	-	-	86,920	-


Cash Flows From Financing Activities
Long-term debt (repayment)	1,570	(4,314)	(43,028)	(11,657)
Issue of common shares for cash	-	50,000	-	100,000

	1,570	45,686	(43,028)	88,343

(Decrease) Increase in Cash and Cash Equivalent	(2,149)	40,650	(21,852)	32,029

Cash and Cash Equivalents,Beginning of period	24,066	39,350	43,769	47,971

Cash and Cash Equivalents, End of Period	$ 21,917	$ 80,000	$ 21,917	$ 80,000

Page 2

MPAC CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

for the three and six months ended June 30, 2003 and 2002

(Stated in US Dollars)

(Unaudited)

	Three Months Ended		Nine Months Ended
	June 30		June 30
	2003	2002	2003	2002
Cash Flows From (Used For) Operating Activities
Net loss	$ (40,406)	$ (102,461)	$(120,278)	$(222,686)
Adjustments to reconcile net loss to net cash used in
Operating activities
Amortization	-	7,761	-	22,961
Reduction in carry value of capital assets	-	127,866	-	127,866
Investment tax credits	-	39,492	-	40,334
Consulting, interest and other non-cash items	(5,045)	2,816	640	38,429

	(45,451)	75,474	(119,638)	6,904

Change in operating assets and liabilities
Decrease (increase) in accounts receivable	(1,636)	(104,488)	4,517	(109,272)
Decrease in inventory	-	-	-	15,071
Decrease (increase) in prepaid expenses and deposits	(55)	(3,298)	(100)	162
Increase in accounts payable and accrued liabilities	43,423	27,276	49,477	30,821

	$ (3,719)	$ (5,036)	$ (65,744)	$ (56,314)

MPAC CORPORATION

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY)

(Stated in US Dollars)

(Unaudited)

	Three Months Ended		Nine Months Ended
	June 30		June 30
	2003	2002	2003	2002
SHARE CAPITAL(Note 10)
Common shares
Issued and fully paid
Balance, beginning of period	$614,145	$ 471,014	$614,145	$421,014
Issued for cash	-	50,000	-	100,000

Balance, end of period	614,145	521,014	614,145	521,014

Allotted for future issues
Issuable on exercise of share conversion rights
Balance, beginning and end of period	4,370	38,758	4,370	38,758

Issued subsequent to year end
Balance, beginning and end of period	-	58,743	-	58,743

	618,515	618,515	618,515	618,515

DEFICIT
Balance, beginning of period	(1,341,807)	(945,612)	(1,261,935)	(825,387)
Net loss	(40,406)	(102,461)	(120,278)	(222,686)

Balance, end of period	(1,382,213)	(1,048,073)	(1,382,213)	(1,048,073)

CAPITAL DEFICIENCY, End of Period	$(763,698)	$(429,558)	$(763,698)	$ (429,558)

MPAC CORPORATION

Notes to Consolidated Financial Statements

June 30, 2003

(Expressed in U.S. Dollars)

(Unaudited)

Note 1Interim Reporting

While the information presented in the accompanying interim six months consolidated financial statements is unaudited, it includes all adjustment which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. These interim financial statements follow the same accounting policies and methods of their application as the Company's September 30, 2002 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company's September 30, 2002 annual financial statements.

Note 2Operations and Going Concern

These consolidated financial statements have been prepared on the going concern basis, which presumes that the company will continue operations for the foreseeable future and will be able to realize assets and discharge liabilities in the normal course of business. The company has a working capital deficiency of $376,604 and a capital deficiency of $763,698 at June 30, 2003 and requires additional capital in order to remain a going concern. The continuation of the company is dependent on its ability to obtain the necessary capital to achieve profitability and to meet the requirements, from time to time, of lenders, if any, who are willing to provide this financing. The company intends to obtain additional capital primarily through the issue of shares and debt. The Company has no plans to conduct any sales during 2003, but will reassess options in 2004.

These consolidated financial statements do not reflect the adjustments or reclassifications which would be necessary if the company was unable to continue its operations.

Note 3Principal of Consolidation

These interim consolidated financial statements include the accounts of MPAC Corporation and its wholly-owned subsidiary, 805332 Alberta Ltd. ("805332") and its 99.99% owned subsidiary company, Micron Milling & Packaging Ltd. ("Micron"). All inter-company transactions have been eliminated.

Note 4Common Stock

Commitments

On May 5, 2000 the Company allotted, as part of a series of transactions related to the acquisition of Micron, 6,400,000 common shares to be issued on the conversion of 6,400,000 shares of 805332 into common shares of the Company. The common shares may be issued at the request of the owners of the 805332 shares or at the request of the Company and have not been issued to date due to possible Canadian tax consequences to the owners of 805332 shares. The allotment of these common shares has been recorded at a nominal value.

On May 5, 2000, the Company allotted 250,000 common shares to be issued as a finders fee related to the acquisition of Micron. These common shares will be issued when the 805332 shareholders exercise their conversion rights and have been valued on the same basis as the 805332 conversion right at nominal value.

On October 4, 2000, 70,000 common shares were allotted for the future issue to a financing consultant in conjunction with services rendered. These common shares were valued on the basis of this consulting work and cash consideration received by the Company for common shares at the time agreement for the services was reached and were issued when the services were completed.

Note 5Segmented Information

The Company produces its sulphur-based fungicide at plants located in Canada and the United States of America and the sales of this product are primarily in the United States of America. The accounting policies of the operating segment are the same as those policies described in the annual September 30, 2002 financial statements. The Company evaluates the performances of its operating segments based primarily on operating profit.

Note 6Contingencies and Commitments

The company entered into a premises lease agreement with Finnie Holdings Ltd. ("Finnie") on March 1, 2000, pursuant to which the company will be required to pay $31,676 to Finnie if it does not comply with all the covenants, conditions and obligations of the lease. Finnie will waive payment of the $31,676 at the end of the lease if the company complies with all the covenants, conditions and obligations of the lease. The initial lease term was for one year and the lease is renewable on a year to year basis until February 28, 2010. The company did not maintain all its obligations under the lease throughout 2002 and Finnie seized the company's capital assets in November 2002. The company has offered not to contest the seizure of the assets in exchange for the termination of its obligations under the lease.

Orders to cease operations for environmental contamination were issued in 2001 for the premises the company operates from by Alberta Environment and the Town of Crossfield. The Alberta Environment order related to the operations of a previous tenant and it was expected that all costs relating to remedial work will be borne by Finnie. The order from the Town of Crossfield related to the company's operations. The remedial work was completed prior to the year-end but the required documentation and inspections have not been completed.

Note 7New Accounting Standards

Management does not believe that any recently issued, but not yet effective accounting standards if currently adopted could have a material effect on the accompanying financial statements.

Note 8Long-Term Debt

2003 2002

Bank loan payable with interest at 9.55% per annum,

repayable in blended monthly payments of $275 per

month, secured by an automobile $ 1,751 $ 2,988

Loans, payable to shareholders without interest and with

no specific repayment terms. These loans represent cash

advances used for the purpose of construction of the plant

and for working capital. Loans in the amount of $185,941

are secured by a general security agreement over the

assets of the company. The shareholders have indicated that387,094419,674

they do not intended to request repayments of these loans

within the next year. 388,845 415,754

Less current portion (1,751)(2,934)

$387,094 $412,820

Principal repayment of long term debt during the next fiscal year is expected to be $1,751.

Note 9 Capital Lease Obligation

Capital lease obligations were satisfied through the seizure of the related capital assets. There are no additional liabilities in respect to default provisions of the lease.

Note 10Share Capital

Authorized

Unlimited number of common shares without par value

Number ofShares Amount

Issued and fully paid

Balance, October 1, 1998 - $ -

Issued for cash7,176,667 56,014

Balance, September 30, 1999 7,176,667 56,014

Issued for cash350,000175,000

Balance, September 30, 2000 7,526,667 231,014

Issued for cash380,000190,000

Balance, September 30, 2001 7,906,667 421,014

Issued for cash 200,000 100,000

Issued for consulting services, at the completion

of services 70,000 34,388

Issued for payment of debt to a company owned by a director

and shareholder114,851 58,743

Balance, September 30, 2002 and

June 30, 20038,291,518614,145

Allotted for future issues

Issuable on the exercise of share conversion rights (Note 1)

To be issued on conversion of 6,400,000 shares of 805332,

as consideration for the acquisition of Micron 6,400,000 4,205

To be issued as a finder's fee for the

acquisition of Micron 250,000165

6,650,0004,370

$618,515

On May 5, 2000 the company allotted, as part of a series of transactions related to the acquisition of Micron, 6,400,000 common shares to be issued on the conversion of 6,400,000 shares of 805332 into common shares of the company. The common shares may be issued at the request of the owners of the 805332 shares or at the request of the company and have not been issued to date due to possible Canadian tax consequences to the owners of 805332 shares. The allotment of these common shares has been recorded at a nominal value.

On May 5, 2000, the company allotted 250,000 common shares to be issued as a finder's fee related to the acquisition of Micron (Note 1). These common shares will be issued when the 805332 shareholders exercise their conversion rights and have been valued on the same basis as the 805332 conversion right.

On October 4, 2000, 70,000 common shares were allotted for the future issue to a financing consultant in conjunction with services rendered. These common shares were valued on the basis of this consulting work and cash consideration received by the company for common shares at the time agreement for the services was reached and were issued when the services were completed.

The debt amounting to $58,743, which was payable to a company owned by a shareholder, was repaid by the issue of 114,851 common shares. The valuation was based on the accrued principal and interest owing and the cash consideration received by the company for common shares at the time agreement for the share repayment was reached.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward Looking Statements

This report contains forward-looking statements. The words, "anticipate", "believe", "expect", "plan", "intend", "estimate", "project", "could", "may", "foresee", and similar expressions are intended to identify forward-looking statements. The following discussion and analysis should be read in conjunction with the Company's Financial Statements and other financial information included elsewhere in this report which contains, in addition to historical information, forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include those discussed below, as well as those discussed elsewhere in this report.

Overview

We were incorporated under the laws of the State of Nevada on July 18, 1998 for the purpose of raising capital to acquire a processing plant and machinery necessary to undertake production of sulfur-based plant nutrient fertilizers and fungicides. Our subsidiary, Micron, was incorporated under the laws of Alberta on August 20, 1998.

The Company is a development stage company engaged in the business of marketing and selling a sulfur-based fungicide that is used for commercial agricultural purposes. The processing and packaging of our sulfur products is carried out at a third parties facility. Currently our sulfur-based products are sold primarily to the agriculture industry in the state of California. While the Company was successful in obtaining orders for product for delivery during 2003,due to a variety of factors including poor market conditions in California due to weather and a reduction in the amount of wine grapes grown as well as a rise in the price of raw material sulfur, we have chosen not to attempt to contract productions and supply fungicide during the 2003 season. Resumption of production and sales is expected to resume should these factors change in our favor, or should we be successful at locating a suitable merger candidate for production.

In a development stage company, management devotes most of its activities to establishing a new business. Planned principal activities have not yet produced significant revenues and the Company has suffered recurring operating losses as is normal in development stage companies. As at June 30, 2003, the Company has a working capital deficiency of $376,604 and a capital deficiency of $763,698. These factors raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to emerge from the development stage with respect to its planned principal business activity is dependent upon its successful efforts to raise additional equity financing, receive funding from related parties and controlling shareholders, and develop a market for its products.

Progress Report from April 1, 2003 to June 30, 2003

Due to the Company's decision not to proceed with sales this season the Company had no sales for the Quarter ending June 30, 2003.

In 2002 our sulfur products were sold to the California agriculture market under our brand name by using third party sulfur milling and packaging services to produce and package our products in accordance with our specifications. Due to a variety of factors including poor market conditions in California due to weather and a reduction in the amount of wine grapes grown as well as a rise in the price of raw material sulfur, we have chosen not to attempt to contract productions and supply fungicide during the 2003 season.

We are also currently seeking to merge with an operating sulfur mill in order to expand our business. Any merger would likely be by way of a share exchange rather than a cash purchase. Currently we are in early negotiations with a sulfur milling operation in Alberta that has excess capacity in its milling plant. We believe production of our current sulfur products and future products that we are developing, together with our existing sales channels, would be beneficial to a sulfur milling operation with excess capacity in its production facilities. Negotiations are ongoing. No deal has been reached and no agreement has been entered into at this point.

Results of operations for the three months ended June 30, 2003 ("2003") compared to the three months ended March 31, 2002 ("2002").

Sales revenues for the three months ended June 30, 2003 were nil as compared to sales of $364,157 for the three months ending June 30, 2002 and nil for the nine months ended June 30, 2003 compared with sales of $396,766 for the nine months ended June 30, 2002. Expenses for the three months ended June 30, 2003 were $43,236 compared with expenses of $162,647 for the three months ended March 31, 2002. For the nine months ended June 30, 2003 expenses were $124,470 compared with expenses of $324,804 for the nine months ended June 30, 2002. The drop represents the elimination of costs related to the maintenance of a production facility. Expenses going forward are expected to remain lower than previous periods.

Net loss for the three months ended June 30, 2003 was $40,406 compared to a net loss of $102,461 for the three months ended June 30, 2002. For the nine months ended June 30, 2003 loss was $120,278 compared with losses of $222,686 for the nine months ended June, 2002.

These decreases in the loss relate to the elimination of costs relating to our own production facilities, lower legal and professional fees and lower management expenses.

Current assets at June 30, 2003 totalled $24,741 as compared with the current assets of $316,790 at September 30, 2003. No inventory was held at June 30, 2003. Due to the lack of sales for the season we are unlikely to have either accounts receivable or inventory for the year.

For the three months and nine months ended June 30, 2003, there were no capital expenditures. Long Term Debt was reduced to $387,094 at March 31, 2003 compared to $412,820 at September 30, 2002 due to a partial repayment of a loan due to a Director of the company.

To date, we have not invested in derivative securities or any other financial instruments that involve a high level of complexity or risk. We expect that in the future, any excess cash will continue to be invested in high credit quality, interest-bearing securities. We believe cash from operating activities, and our existing cash resources may not be sufficient to meet our working capital requirements for the next 12 months. We will likely require additional funds to support the development and marketing of our product. There can be no assurance that additional financing will be available on acceptable terms, if at all. If adequate funds are not available, we may be unable to develop or enhance our products, take advantage of future opportunities, respond to competitive pressures, and may have to curtail operations. There are no legal or practical restrictions on the ability to transfer funds between parent and subsidiary companies.

We do not have any material commitments for capital expenditures as of June 30, 2003.

Critical Accounting Policies:

The Company's discussion and analysis of its financial condition and results of operations, including the discussion on liquidity and capital resources, are based upon the Company's financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, management re-evaluates its estimates and judgments, particularly those related to the determination of the estimated recoverable amount of investment tax credits, trade accounts receivable, and deferred tax assets. The Company believes the following critical accounting policies require its more significant judgment and estimates used in the preparation of the consolidated financial statements.

The company follows the cost reduction method of accounting for investment tax credits and recognizes the estimated net recoverable amount when reasonable assurance exists as to their collectability.

The company maintains an allowance for doubtful accounts for estimated losses that may arise if any of its customers are unable to make required payments. Management specifically analyzes the age of customer balances, historical bad debt experience, customer credit-worthiness, and changes in customer payment terms when making estimates of the uncollectability of the company's trade accounts receivable balances. If the company determines that the financial conditions of any of its customers deteriorated, whether due to customer specific or general economic issues, increases in the allowance may be made. To date no customer balance has been unpaid in the timeframe allowed to customers.

Income taxes are accounted for under the asset and liability method. Under this method, to the extent that it is not more likely than not that a deferred tax asset will be recovered, a valuation allowance is provided. In making this determination, the Company considers estimated future taxable income and taxable timing differences expected to reverse in the future. Actual results may differ from those estimates.

Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and procedures. Based on the evaluation of the Company's disclosure controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities Exchange Act of 1934) as of a date within 90 days of the filing date of this Quarterly Report on Form 10-QSB, our chief executive officer and chief financial officer have concluded that our disclosure controls and procedures are designed to ensure that the information we are required to disclose in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and are operating in an effective manner.

(b) Changes in internal controls. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their most recent evaluation.

PART II Other Information

Item 1. Legal Proceedings

We are subject of an order issued in 2001 by Alberta Environment and the Town of Crossfield to cease operations pending remedial work of environmental contamination as a result of actions of a prior tenant. The remedial work has been completed and documentation and inspections necessary for removal of the order have not been completed.

A civil action was commenced in the Supreme Court of British Columbia on February 10, 2003 by D. Bruce Horton, Peter Krag-Hansen, Darcy Higgs and BMD Financial Inc. claiming a total of $175,000 in Canadian currency as repayment of a working capital loan to MPAC Corp. and 805332 Alberta Ltd. Our director, Adam Smith is also named in the action. We are seeking to negotiate a settlement of the claim.

Item 2. Changes in Securities

None

Item 3. Defaults upon Senior Securities

None

Item 4. Submissions of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None

Item 6. Exhibits and Reports on Form 8K

(a) Exhibits

99.1 Certification of Adam Smith, President (Principal Executive Officer), pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

99.2 Certification of David Uppal, Director (Principal Financial Officer), pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Reports on Form 8-K

There were no Forms 8-K filed during the period of this report.

Signatures

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: September 10, 2003 MPAC Corporation

By: /s/ Adam Smith

Adam Smith, President

(Principal Executive Officer)

By: /s/ Michael Laidlaw

Michael Laidlaw, Director

(Principal Financial Officer)

CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER

I, Adam Smith, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of MPAC Corporation;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report my conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: September 10, 2003

/s/ Adam Smith

Adam Smith

Chief Executive Officer

CERTIFICATION BY PRINCIPAL FINANCIAL OFFICER

I, Michael Laidlaw, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of MPAC Corporation:

b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report my conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and

Date: September 10, 2003

/s/ Michael Laidlaw

Michael Laidlaw

Chief Financial Officer

EXHIBIT 99.1

CERTICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MPAC Corporation (the "Company") on Form 10-QSB for the period ending June 30, 2002 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Adam Smith, President of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

I have reviewed the Report;

based on my knowledge, the Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by the Report; and

based on my knowledge, the financial statements, and other financial information included in the Report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in the Report.

/s/ Adam Smith

Adam Smith

Chief Executive Officer

EXHIBIT 99.2

CERTICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MPAC Corporation (the "Company") on Form 10-QSB for the period ending June 30, 2002 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Michael Laidlaw, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

I have reviewed the Report;

/s/ Michael Laidlaw

Michael Laidlaw

Chief Financial Officer

American United Gold (MPCC) Inactive 10QSB2003 Q3 Quarterly report (small business)