UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended February 28, 2002
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 0-25489
NEVADA STAR RESOURCE CORP.
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Yukon Territory Canada 91-0239195
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(State of other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
10735 Stone Avenue North
Seattle, WA 98133
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(Address of principal executive offices) (Zip Code)
(206) 367-2525
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(Issuer's telephone number, including area code)
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 registrant was required to file such reports), and (2) has been
subject to such filing requirements for at least the past 90 days. Yes (X) No ()
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. 38,557,654
Transitional Small Business Disclosure Format (check one);
Yes ( ) No (X)
NEVADA STAR RESOURCE CORP.
FORM 10-QSB
FOR THE QUARTERLY PERIOD ENDED February 28, 2002
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
Items Omitted Are Not Applicable.
Item 5 Other Information
During the quarter ended February 28, 2002 the Company completed the first
tranche of a private placement comprising of 258,700 Units at $CDN 0.15 per
unit for gross proceeds of $CDN 38,805. Subsequent to the end of the last
quarter period the Company completed the second and final tranche of the private
placement comprising of 1,290,484 Units at $CDN0.15 per unit for gross proceeds
of $CDN 193,572.60, resulting in aggregate private placement gross proceeds of
$CDN 232,377.60. Each unit consists of one common share in the capital of the
Company and one non-transferable share purchase warrant. The warrants are
exercisable for a period of two years at $CDN 0.25 per share if exercised during
the first year or $CDN 0.50 per share if exercised during the second year from
the date of the purchase of the Unit.
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.
NEVADA STAR RESOURCE CORP.
BY: /s/ Gerald G. Carlson Date: April 15, 2002
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Gerald G. Carlson, President
* The Company does not have a Principal Financial
Officer or Chief Accounting Officer