UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Registration File # 000-30194
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of MARCH 31, 2003 - Q1 - Unaudited Financial Statements
BYRON RESOURCES INC. (Formerly BIOFOREST PACIFIC INC.)
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2200 - 181 UNIVERSITY AVENUE, TORONTO, ONTARIO, CANADA M5H 3M7
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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 [ ]
Indicate by check mark whether the registrant by furnishing the information in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [X] No [ ]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82-1918.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
BYRON RESOURCES INC.
(Registrant)
Date May 20, 2003 By /s/ Ross McGroarty (signed)
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Ross McGroarty, Chairman, ASO
BIOFOREST PACIFIC INC.
BALANCE SHEETS
(Unaudited)
March 31, December 31,
2003 2002
ASSETS
Current assets
Cash $ 31,638 $ 66,844
Accounts receivable 2,466 1,845
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34,104 68,689
Investments 248,241 233,808
Investment in related company
Acquisition cost 1 1
Capital assets 2,988 3,213
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$ 285,334 $ 305,711
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LIABILITIES
Current liabilities
Accounts payable $ 17,575 $ 4,200
Convertible debenture 1,035,589 1,015,556
Convertible debenture 627,867 617,746
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1,681,031 1,637,502
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CAPITAL DEFICIENCY
Share capital
Authorized
Unlimited number of common shares
Issued
42,169,302 shares 13,728,739 13,728,739
Deficit (15,124,436) (15,060,530)
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(1,395,697) (1,331,791)
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$ 285,334 $ 305,711
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BIOFOREST PACIFIC INC.
STATEMENTS OF OPERATIONS AND DEFICIT
(Unaudited)
Three months ended
March 31,
2003 2002
Costs and expenses
Administration and general $ 29,927 $ 13,306
Legal fees - 19,828
Consulting fees, travel and promotion 3,600 1,281
Amortization of capital assets 226 -
Interest 30,153 28,627
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Operating loss 63,906 63,042
Deficit, beginning of the period 15,060,530 13,801,947
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Deficit, end of the period $ 15,124,436 $ 13,864,989
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Net loss per share $ 0.00 $ 0.00
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STATEMENTS OF CASH FLOWS
(Unaudited)
Three months ended
March 31,
2003 2002
Cash resources provided by (used in):
Operating activities
Operating loss $ (63,906) $ (63,042)
Items not involving cash
Amortization of capital assets 226 -
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(63,680) (63,042)
Change in non-cash working capital balances
(Increase) decrease in accounts receivable (620) 1,676
Increase (decrease) in accounts payable 13,376 -
Increase (decrease) in interest payable 30,153 (2,463)
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(20,771) (63,829)
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Financing activities
Related party loans - repayment - 18,508
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Investing activities
Investments (14,435) (16,923)
Advances to related company - (75,277)
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(14,435) (92,200)
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Increase (decrease) in cash (35,206) (137,521)
Cash, beginning of the period 66,844 637,352
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Cash, end of the period $ 31,638 $ 499,831
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