1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1997. OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to _____________________ Commission file number 1-1428 --------------------------------------------------------- METALINE MINING AND LEASING COMPANY - ------------------------------------------------------------------------------- Washington 91-06843860 - ------------------------------------------------------------------------------- (State of other jurisdiction of incorporation (I.R.S. Employer or organization) Identification No.) 601 West Main Avenue, Suite 714 Spokane, WA 99201-0677 99201-0677 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (509) 455-9077 - ------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for at least the past 90 days. Yes [ ] No [X] Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Class Outstanding September 30, 1997 - ------------------------------------------------------------------------------- Common Stock, no par value 5,957,834 Shares 2 METALINE MINING AND LEASING COMPANY FORM 10-Q FOR THE QUARTER ENDED September 30, 1996 INDEX* PART I. - Financial Information The Registrant falls within the provisions of Rule 13a-13(c)(2) of the Securities Exchange Act of 1934, as amended, and claims exemption thereunder from the requirement to file Part I. PART II. - Other Information All Items Omitted As Not Applicable. 3 METALINE MINING AND LEASING COMPANY 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. METALINE MINING AND LEASING COMPANY BY: /s/ Gregory B. Lipsker ---------------------------------------------- GREGORY B. LIPSKER, President and Chief Executive Officer Date: November 14, 1997 BY: /s/ Eunice R. Campbell ---------------------------------------------- EUNICE R. CAMPBELL, Treasurer