UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2005
Commission File Number 000-50112
Pan American Gold Corporation
(Translation of registrant's name into English)
Suite 605 – 475 Howe Street, Vancouver, British Columbia V6C 2B3
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F. | Form 20-F x Form 40-F o |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o No x
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82 - [ ]
PAN AMERICAN GOLD CORPORATION
(Formerly TRI-LATERAL VENTURE CORPORATION)
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
March 31, 2005
(Unaudited)
The consolidated financial statements for the comparative period ended March 31, 2004 have not been reviewed by the Company’s auditors.
PAN AMERICAN GOLD CORPORATION
(Formerly TRI-LATERAL VENTURE CORPORATION)
INTERIM CONSOLIDATED BALANCE SHEET
March 31, 2005 and December 31, 2004
(Unaudited)
|
|
| March 31 | December 31 |
|
|
| 2005 | 2004 |
ASSETS |
|
| (Unaudited) | (Audited) |
Current |
|
|
|
|
Cash |
|
| $ 30,341 | 84,559 |
Other receivables |
| 20,248 | 33,830 | |
Deposits |
|
| - | 18,951 |
|
|
| 50,589 | 137,340 |
|
|
|
|
|
Reclamation bond |
| 36,114 | 36,114 | |
Investment in limited partnership | 2,926,910 | 2,926,910 | ||
Resource properties |
| 373,407 | 328,209 | |
|
|
| $ 3,387,020 | 3,428,573 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
Current |
|
|
|
|
Accounts payable and accrued expenses | $ 41,800 | 8,321 | ||
Loans payable |
|
| 43,500 | 43,500 |
|
|
| 85,300 | 51,821 |
|
|
|
|
|
Promissory note |
| 2,957,329 | 2,923,968 | |
Total liabilities |
|
| 3,042,629 | 2,975,789 |
SHAREHOLDERS' EQUITY (DEFICIENCY) |
| |||
|
|
|
|
|
Share capital |
|
| 7,701,122 | 7,446,962 |
Contributed surplus |
| 204,730 | 156,461 | |
Share subscriptions |
| 374,707 | 692,671 | |
Deficit |
|
| (7,936,168) | (7,843,310) |
|
|
| 344,391 | 452,784 |
|
|
|
|
|
|
|
| $ 3,387,020 | 3,428,573 |
|
|
|
|
|
SEE ACCOMPANYING NOTES
PAN AMERICAN GOLD CORPORATION
(Formerly TRI-LATERAL VENTURE CORPORATION)
INTERIM CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT
for the three months ended March 31, 2005 and 2004
(Unaudited)
|
| 2005 |
| 2004 |
EXPENSES |
|
|
|
|
|
|
|
|
|
Consulting | $ | 98,731 |
| 7,500 |
Legal |
| 7,816 |
| 3,166 |
Accounting |
| 8,100 |
| 1,200 |
Transfer agent & filing fees |
| 1,568 |
| 5,914 |
Rent, office and administration |
| 1,744 |
| 1,500 |
Interest and bank charges |
| 356 |
| 248 |
|
| 118,315 |
| 19,528 |
|
|
|
|
|
OTHER INCOME (EXPENSES) |
|
|
|
|
|
|
|
|
|
Foreign exchange gain (loss) |
| 1,442 |
| - |
Interest on promissory note |
| (33,348) |
| - |
Mineral properties written off |
| (6,441) |
| - |
|
| (38,347) |
| - |
|
|
|
|
|
Loss before recovery of income taxes |
| (156,662) |
| (19,528) |
|
|
|
|
|
|
|
|
|
|
Recovery of income taxes |
| 63,804 |
| - |
|
|
|
|
|
Net loss | $ | (92,857) |
| (19,528) |
|
|
|
|
|
Basic and diluted loss per share | $ | (0.00) | $ | (0.00) |
|
|
|
|
|
Weighted Average Common Shares Outstanding |
| 34,168,854 |
| 30,509,647 |
|
|
|
|
|
Deficit beginning of period |
| 7,843,310 |
| 6,860,738 |
|
|
|
|
|
Deficit end of period | $ | 7,936,168 | $ | 6,880,266 |
SEE ACCOMPANYING NOTES
PAN AMERICAN GOLD CORPORATION
(Formerly TRI-LATERAL VENTURE CORPORATION)
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
for the three months ended March 31, 2005 and 2004
(Unaudited)
|
|
| 2005 | 2004 |
|
|
|
|
|
OPERATING ACTIVITIES |
|
|
| |
Net Loss |
| $ (92,857) | (19,528) | |
|
|
|
|
|
Items not involvoing cash: |
|
|
| |
Recovery of income taxes |
| (63,804) | - | |
Stock-based compensation |
| 48,269 | - | |
Interest expense |
|
| 33,361 | - |
mineral properties written off |
| 6,441 | - | |
|
|
| (68,591) | (19,528) |
Changes in non cash working capital balances |
| |||
Decresae(increase in other receivables | 13,582 | (1,343) | ||
Decrease in deposits |
| 18,951 | - | |
Increase in accounts payable |
| 33,479 | 14,253 | |
and accrued expenses |
|
|
| |
|
|
| (2,579) | (6,618) |
|
|
|
|
|
FINANCING |
|
|
|
|
Increase in loans payable |
| - | 4,000 | |
|
|
|
|
|
INVESTING ACTIVITIES |
|
|
| |
Increase in resource properties |
| (51,638) | - | |
|
|
|
|
|
Decrease in cash |
|
| (54,218) | (2,618) |
|
|
|
|
|
Cash, beginning of period |
| 84,559 | 2,729 | |
|
|
|
|
|
Cash, end of period |
|
| $ 30,341 | 111 |
|
|
|
|
|
Supplemental Disclosure of Cash Flow information |
| |||
Cash paid for: |
|
|
|
|
Interest |
|
| $ - | - |
|
|
|
|
|
Income Taxes |
|
| $ - | - |
SEE ACCOMPANYING NOTES
PAN AMERICAN GOLD CORPORATION
(Formerly TRI-LATERAL VENTURE CORPORATION)
NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS
For the three months ended March 31, 2005 and 2004
(Unaudited)
Note 1 | Interim Reporting |
While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments, 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 in their application as the Company’s annual financial statements. It is suggested that these interim financial statements be read in conjunction with the Company's annual financial statements at December 31, 2004.
Note 2 | Share Capital |
Authorized
Unlimited common shares
Unlimited non-voting convertible redeemable non-cumulative 6% preference shares
Issued Common Shares | Number | $ |
Balance December 31, 2004 | 34,052,040 | $ 7,446,962 |
|
|
|
Shares issued | 420,533 | 317,964 |
Flow through Shares Tax effect | (63,804) |
|
Balance, March 31, 2005 | 34,472,573 | $ 7,701,122 |
|
|
|
Note 3 | Related Party Transactions |
During the three months ended March 31 the Company incurred the following expenses with directors or companies with a common director:
| Three months ended March 31, | |
| 2005 | 2004 |
|
|
|
Accounting fees | $ - | 1,200 |
Consulting fees | 98,731 | 7,500 |
Rent | - | 1,500 |
| $ 98,731 | 10,200 |
|
|
|
|
|
|
The expenses were measured by the exchange amount, which is the amount agreed upon by the transacting parties and are on terms and conditions similar to non-related entities.
As at March 31, 2005, accounts payable and accrued expenses includes $983 ( December 31, 2004 – $44,449) owing to a director of the Company and a company with a common director.
As at March 31, 2005, loans payable are due to a shareholder. The amount is unsecured with no specific terms of repayment.
Note 4 | Segmented information |
The Company's operations fall into one industry segment, the exploration of resource properties. Geographic information is as follows:
| March 31 2005 | March 31, 2004 |
Net Loss: |
|
|
Canada | 52,698 | 19,528 |
United States | 40,160 | - |
Total Assets: |
|
|
Canada | 3,325,690 | 16,199 |
United States | 3,105 | - |
Chile | 58,316 | - |
|
|
|
Note 5 | Subsequent events |
Private Placement - On April 26, 2005, the Company issued 225,302 flow-though units for proceeds of $187,000 and 229,242 units for proceeds of $190,271. Each flow-through unit consisted of one flow-through common share and one warrant entitling the holder to purchase one common share for $0.83 until October 5, 2005. Each unit consisted of one common share and one warrant entitling the holder to purchase one common share for $0.83 until October 5, 2005
Resource properties - On February 1, 2005 the letter of intent in respect of the Dorado and Nevada resource properties was replaced by an option agreement, providing the Company with an extension until August 31, 2005 to acquire a 100% interest in the properties. Under the option agreement, in addition, the Company is required to pay U.S.$39,137 in respect of leases and land taxes at various dates through March 15, 2005 in order to acquire its interest. As of April 27, 2005, the Company had paid only U.S.$30,000 in respect of these additional terms and consequently was in default of its obligations under the option agreement.
PAN AMERICAN GOLD CORPORATION
(formerly Tri Lateral Venture Corporation)
QUARTERLY REPORT
for the Quarter ended March 31, 2005
MANAGEMENT DISCUSSION AND ANALYSIS
1.1 | Date of Report: May 25, 2005 |
This discussion should be read in conjunction with, the Financial Statements and Management Discussion contained in the Company’s annual Report, and the audited financial statements for the year ended December 31, 2004 and the unaudited financial statements for the quarter ended March 31, 2005.
1.2 | Overall Performance |
Nature of Business
The Company was incorporated under the laws of the Province of Ontario (specifically under the Ontario Business Corporations Act) on April 24, 1967 under the name "Jolly Jumper Products of America Limited". On September 25, 1987, the Company’s name was changed to Sun Valley Hot Springs Ranch Inc. The Company’s name changed to Tri-Valley Free Trade Inc. on March 26, 1991 and to Tri-Valley Investments Corporation on June 19, 1995. On October 2, 1998 the Company’s name changed to Tri-Lateral Venture Corporation and on May 6, 2004 the name was changed to our present legal and commercial name "Pan American Gold Corporation". We are a reporting issuer under the securities laws of the Province of Ontario.
The Company’s shares began trading on the OTC BB on April 19, 2004. On May 6, 2004, the issued and unissued shares of common stock were split on the basis of seven (7) common shares for each one (1) common share and our name was changed to Pan American Gold Corporation in conjunction with the acquisition of Pan American Gold Corporation (Nevada). The forward split and name change were not affected with the OTC Bulletin Board until June 2, 2004 at which time our trading symbol was changed to “PNAMF”.
We are in the business of acquiring, exploring and developing (when appropriate) natural resource properties. Our primary property prior to the acquisition of Pan American Nevada was the Lennie property, a gold exploration project located in the Red Lake gold camp in Ontario which we still own.
With the acquisition of the Nevada subsidiary we acquired 4 properties; Kinsley, Pinnacle located in Nevada, Cactus in California and Eskay Creek in British Columbia. During 2004 we drilled Cactus and Kinsley. The exploration results were disappointing.and these properties were subsequently abandoned. The Pinnacle property was dropped when difficulties obtaining necessary permitting did not allow for any on site evaluation prior to a significant property payment.
The Company does not have defined mineral resources or reserves on any of its exploration properties. Discovering new mineral deposits is dependent on a number of factors including the experience of exploration personnel involved, the location of the property, and most important - stable funding of exploration programs. The commercial viability of a mineral deposit once discovered is also dependent on a number of factors including country of location, size, grade, and proximity to infrastructure, as well as metal prices. The prices of most metals, including gold, have increased significantly over the past year, improving the probability of successful that a new discovery will be economic, as well as the improving the access to capital to finance on-going activities.
Overview of Operations
During the quarter the Company has focussed on exploration of the maintenance of its Eskay Creek properties and on the acquisition of the option on the Chile properties.
Previous activity focussed on our Nevada and California properties which were drilled during 2004 in the case of Cactus and Kinsley and subsequently abandoned. The Pinnacle property was abandoned when the difficulty in obtaining the necessary permits passed the deadline for significant property payments.
Eskay Creek Property
The Eskay Creek Property is located in northwestern British Columbia approximately 50 air miles north of Stewart, British Columbia, Canada. Access is by 38 miles of privately owned single-lane gravel road or by helicopter in the more remote areas. The Company holds a 75% interest in an 80,000 acre property position comprised of 75 mineral claims in the Eskay Creek gold camp area.
The Eskay Creek Property is newly staked and largely grassroots explorations play. It has no significant exploration or mining history but is proximate to active mines including the Eskay Creek Mine operated by Barrick. In 2003, the Eskay Creek Mine produced 352,000 ounces of gold and 17 million ounces of silver. The Eskay Creek mine is an underground operation accessible through three surface portals.
During the previous year, the Company conducted an airborne geophysical survey over a portion of the property that included magnetic, radiometric, and induced polarization (IP) data acquisition. The cost of the survey was approximately $200,000 Canadian and included approximately 1,900 line kilometres. The remoteness and geographic location of the project area contribute to a very short exploration season in Eskay-Iskut region.
The Company has decided to evaluate the current survey results and then determine its next course of action. Survey results are currently being evaluated as of the date of this report. The work completed to date is sufficient to meet assessment work requirements on the claims through November 2006.
Chile Properties
The Company has entered into an option to acquire a 100% interest in the Nevada and Dorado Gold Properties in Chile. In order to exercise the option a cash payment of $116,000 will be required to acquire a 100% in properties.
The exploration history of the Nevada and Dorado properties includes limited surface sampling and reverse circulation (RC) drilling which has produced anomalous gold values as well as a historic, non-vetted 348,000 troy ounce (oz) indicated gold mineral resource on the Dorado Property. Both properties are under explored and would benefit from a fresh approach. The alteration signature noted on the properties is consistent with that of porphyry gold and copper and high sulphidation epithermal gold systems, the type that is noted at Veladero, Pierina, and Yanacocha gold deposits.
Gold mineralization has been documented in structural stockworks with grades up to 2.40 grams gold per tonne (“g/t Au”) at Dorado. Mineralization at Nevada is hosted in vuggy silica altered breccia as well as in low sulphidation epithermal quartz veins with grades up to 6.50g/t Au and 10.34g/t Au respectively.
The Chile property is currently in default as a portion of the required payments due have not been made. We are examining alternatives
The Company continues to evaluate new opportunities that have the potential to add value to our business.
1.4 | Selected Annual Information |
| 2004 | 2003 | 2002 |
Total Revenue | Nil | Nil | Nil |
Income (loss) before discontinued operations and extraordinary items |
| ||
Total | (982,572) | (104,375) | (601,974) |
Per share | $ (0.03) | $ (0.00) | $ (0.03) |
Income Loss after discontinued operations and extraordinary items |
| ||
Total | (982,572) | (104,375) | (601,974) |
Per share | $ (0.03) | $ (0.00) | $ (0.03) |
Total Assets | 3,428,573 | 17,474 | 26,947 |
Long Term Liabilities | 2,923,968 | Nil | Nil |
Dividends | Nil | Nil | Nil |
In 2004, the Company commenced significant exploration activities whereas in 2002 and 2003 the company was relatively inactive while it restructured its operations
1.5 | Results of Operations |
Operations during the quarter ended March 31, 2005 were primarily related to the exploration of our properties. Due to seasonality our activities have been relatively minor limited to clearing up details of our Nevada operations and securing the return of reclamation bonds and reviewing data from the geophysical survey which is not yet complete
A significant non cash expense related to stock based compensation arose from the granting of options on May 7, 2004 as opposed to nil in the previous year.
At March 31, 2005, the Company had total working capital deficit of $ 34,710. The Company expects that it will require private placements to provide adequate funds to carry out additional exploration activities on its properties, which, if not raised, could require curtailment of activities in the future.
Cash used in operations increased to $9,021 for the quarter ended March 31 2005 compared to $6,618 in the prior year.
Also, legal fees increased from $3,166 to $7,816 and accounting fees increased from $1,200 to $8,100 due to costs associated with the acquisition of Pan American Gold Corporation (Nevada) and the regulatory filings.
The largest increase was in consulting fees from $7,500 to 98,731. The largest component of the increase reflect the vesting of Stock options granted last year in the amount of $48,269, the balance of the increase was fees paid to directors reflecting an increased level of activity year over year.
Some seasonal variations in expenditures are expected as weather is a factor particularly on the Eskay Creek property. The acquisition of the Chilean property may serve to eliminate some of the seasonality if the Company elects to exercise its option on this property.
1.5 | Summary of Quarterly Results |
The following is a summary of the Company’s financial results for the eight most recently completed quarters:
Loss before and after extraordinary items of which there were none
| Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 |
| ||||||
Total revenues | $ - | $ -
| $ - | $ - | $ - | $ - | $ - | $ - |
| ||||||
Total | $ (92,858) | $(718,694) | $(225,529) | $(18,821) | $(19,528) | $ (24,203) | $ (18,649) | (40,877) | |||||||
Per share | $ (0.003) | $ (0.02) | $ (0.01) | $ (0.00) | $ (0.00) | $ (0.00) | $ ( 0.00) | $ (0.00) | |||||||
Per share, fully diluted |
$ (0.003) |
$ (0.02) |
$ (0.01) |
$ (0.00) |
$ (0.00) |
$ (0.00) |
$ ( 0.00) |
$ (0.00) | |||||||
1.6 | Liquidity |
The Company has total assets of $3,387,020. The primary assets of the Company are cash of $84,559, and acquisition and exploration cost of mineral properties of $328,209 and the interest in the Limited Partnership of $ 2,926,910. The Company has no long-term liabilities other than limited recourse amount related to the partnership interest.
At March 31, 2005, the Company had a working capital deficit of $ 34,710. During the year ended December 31, 2004 received $692,671 as advances against private placements, which placements one which closed before the quarter end and one subsequent to March 31, 2005
It is management’s opinion that its cash reserves are likely to be sufficient to meet the Company’s near term administrative overhead obligations; however, additional work on the properties will require additional funding. Funds will be required to continue exploration and maintain all of the Company’s properties. The Eskay Creek Property has sufficient expenditure credits in order to maintain the property until at least November 2006. The Company will require additional funds to exercise the Chile option should it decide to do so.
1.7 | Capital Resources |
The Company does not own any producing mineral properties.
1.8 | Off Balance Sheet Arrangements |
There is no off-balance sheet arrangements to which the Company is committed.
1.9 | Transactions with Related Parties |
| 2005 | 2004 |
|
|
|
Accounting fees | - | 1,200 |
Consulting fees | 50,461 | 7,500 |
Rent | - | 1,500 |
| 50,461 | 10,200 |
|
|
|
1.10 NA
1.10 | Proposed Transactions |
The decision with respect to the exercise of the Chile option by the Company has also been delayed and an extension of the time to exercise the option has been negotiated.
We have delayed the payment of property taxes in respect of the Chile Property and as such we are in default of the option agreement.
1.12 | Critical Accounting Estimates |
N/A
1.13 | Changes in Accounting Policies |
In 2004, the Company adopted the amended CICA Handbook Section 3870 – “Stock-based Compensation and Other Stock-based Payments”. Previously, the Company accounted for stock-based compensation using the settlement method, whereby no compensation costs were recorded in the financial statements for stock options granted as the options had no intrinsic value at the date of grant. There have been no changes to the financial statements as a result of this change.
The Company has adopted the recommendations of the Emerging Issues Committee in EIC 146 which had its first effect on the Company in February 2005 the date which expenses were renounced pursuant to its Flow through share sales, the effect was to record the recover of an income tax assets which had previously had a valuation allowance charged against it., the
effect will be to record a recovery of income taxes and a corresponding reduction in share capital of $63,840.
1.14 | Financial Instruments and Other Instruments |
The Company's financial instruments consist of cash, other receivables, deposits, reclamation bond, and investment in limited partnership, accounts payable and accrued expenses, loans payable and promissory note. The loans payable are non interest-bearing.
It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from its other financial instruments and that their fair values approximate their carrying values except where separately disclosed.
1.15 | Other MD&A Requirements |
Disclosure of Outstanding Share Capital
| # | Amount |
|
|
Outstanding as of December 31, 2004 | 34,472,573 | 7,701,122 |
|
|
Subsequent Events
Resource properties – The Company has received a notice in respect of the Chile property regarding property taxes which the optionor has paid and the Company has not reimbursed the optionor as of the date hereof thus constituting and event of default under the agreement. This matter is under discussion and has not been resolved as of the date of this report.
Private placements - Common shares issued subsequent to quarterr end under private placement agreements were as follows:
On April 26, 2005, the Company issued 225,302 flow-though units for proceeds of $187,000 and 229,242 units for proceeds of $190,271. Each flow-through unit consisted of one flow-through common share and one warrant entitling the holder to purchase one common share for $0.83 until October 5, 2005. Each unit consisted of one common share and one warrant entitling the holder to purchase one common share for $0.83 until October 5, 2005.
Additional Information
Additional information may be obtained on the Sedar website www.sedar.com or the Securities Exchange Commission website www.sec.gov. News releases are on the Company’s website www.panamericangold.com
FORM 52-109FT1
CERTIFICATION OF ANNUAL FILINGS DURING TRANSITION PERIOD
I, Richard Bachman, the Chief Executive Officer of Pan American Gold Corporation, certify that:
1. | I have reviewed the annual filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Pan American Gold Corporation (the issuer) for the period ending March 31, 2005; |
2. | Based on my knowledge, the annual filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the annual filings; and |
3. | Based on my knowledge, the annual financial statements together with the other financial information included in the annual filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the annual filings. |
Date: May 30, 2005
/s/ Richard Bachman
Richard Bachman
Chief Executive Officer
(Principal Executive Officer)
FORM 52-109FT1
CERTIFICATION OF ANNUAL FILINGS DURING TRANSITION PERIOD
I, Michael Sweatman, the Chief Financial Officer of Pan American Gold Corporation, certify that:
4. | I have reviewed the annual filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Pan American Gold Corporation (the issuer) for the period ending March 31, 2005; |
5. | Based on my knowledge, the annual filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the annual filings; and |
6. | Based on my knowledge, the annual financial statements together with the other financial information included in the annual filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the annual filings. |
Date: May 30, 2005
/s/ Michael Sweatman
Michael Sweatman
Chief Financial Officer
(Acting Principal Financial Officer)
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.
Pan American Gold Corporation
/s/ Michael Sweatman
Michael Sweatman,
Chief Financial Officer and Director
Date: May 31, 2005