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 JUNE 30, 2003 - Q2 - Unaudited Financial Statements
BYRON RESOURCES INC. (Formerly BIOFOREST PACIFIC INC.)
2200 - 181 UNIVERSITY AVENUE, TORONTO, ONTARIO, CANADA M5H 3M7
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 [ ] Registration File No: 000-30194
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 August 14, 2003 By /s/ Ross McGroarty (signed)
------------------------------
Ross McGroarty, Chairman, ASO
FINANCIAL STATEMENTS OF
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
FOR THE SIX MONTHS ENDED JUNE 30, 2003
UNAUDITED
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
BALANCE SHEETS
JUNE 30 DECEMBER 31
2003 2002
ASSETS
CURRENT ASSETS
Cash $ 3,636 $ 66,844
Accounts receivable 4,133 1,844
Marketable securities, at cost (market value $191,294) 255,191 233,808
------------ ------------
262,960 302,496
INVESTMENT IN RELATED COMPANY 1 1
CAPITAL ASSETS 2,763 3,214
------------ ------------
$ 265,724 $ 305,711
============ ============
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 18,976 $ 4,190
Convertible debenture 432,252 1,015,566
Convertible debenture - 617,746
------------ ------------
451,228 1,637,502
CAPITAL DEFICIENCY
CAPITAL STOCK
Authorized -
Unlimited number of common shares
Issued -
27,150,056 common shares 14,962,687 13,728,739
DEFICIT (15,148,191) (15,060,530)
------------ ------------
(185,504) (1,331,791)
------------ ------------
$ 265,724 $ 305,711
============ ============
UNAUDITED
- 1 -
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
STATEMENTS OF OPERATIONS AND DEFICIT
FOR THE SIX MONTHS ENDED
JUNE 30 JUNE 30
2003 2002
INTEREST INCOME $ - $ 4
------------ ------------
EXPENSES
Administration and general 34,830 75,462
Amortization of capital assets 451 602
Consulting fees 3,600 1,281
Interest 48,176 57,941
Legal fees 604 35,772
------------ ------------
87,661 171,058
------------ ------------
OPERATING LOSS 87,661 171,054
DEFICIT - BEGINNING OF THE PERIOD 15,060,530 13,801,947
------------ ------------
DEFICIT - END OF THE PERIOD $ 15,148,191 $ 13,973,001
============ ============
NET LOSS PER SHARE $ 0.00 $ 0.00
============ ============
UNAUDITED
- 2 -
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED
JUNE 30 JUNE 30
2003 2002
CASH FROM OPERATIONS
Operating loss for the period $ (87,661) $ (171,054)
Items not involving cash -
Amortization 451 602
Foreign exchange gain (15,278) -
------------ ------------
(102,488) (170,452)
Change in -
Accounts receivable (2,289) 2,297
Accounts payable and accrued liabilities 14,786 (12,582)
Interest payable 48,176 20,353
------------ ------------
(41,815) (160,384)
------------ ------------
FINANCING ACTIVITY
Related party loans - 37,589
------------ ------------
INVESTING ACTIVITIES
Purchase of marketable securities (21,383) (86,987)
Purchase of capital assets - (4,418)
Advances to related company - (139,253)
------------ ------------
(21,383) (230,658)
------------ ------------
NET CHANGE IN CASH DURING THE PERIOD (63,198) (353,453)
CASH - BEGINNING OF PERIOD 66,844 637,352
------------ ------------
CASH - END OF PERIOD $ 3,646 $ 283,899
============ ============
UNAUDITED
- 3 -
SUPPLEMENTARY FINANCIAL INFORMATION
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
FOR THE SIX MONTHS ENDED JUNE 30, 2003
UNAUDITED
- 4 -
BYRON RESOURCES INC.
(formerly Bioforest Pacific Inc.)
SUPPLEMENTARY INFORMATION
FOR THE SIX MONTHS ENDED
JUNE 30 JUNE 30
2003 2002
CASH
CIBC- Cdn $ 1,047 $ 29,032
CIBC- U.S. 1,858 168,107
CIBC- U.S. exchange 660 86,760
Desjardins Securities- cash account 71 -
------------- ------------
$ 3,636 $ 283,899
============= ============
ACCOUNTS RECEIVABLE
GST $ 1,270 $ 1,572
McWilliams -Lounsbury - 1,040
Ron Chapman - 943
Law Chambers (July rent plus last months rent) 2,863 1,350
------------- ------------
$ 4,133 $ 87,634
============= ============
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Auditing and accounting fees $ 18,976 $ 3,600
Debenture interest - 84,034
------------- ------------
$ 18,976 $ 87,634
============= ============
ADMINISTRATION AND GENERAL EXPENSES
Office and general $ 12,682 $ 14,077
Audit and accounting 13,900 14,220
Travel 11,890 20,455
Transfer agency 7,324 3,449
Shareholders' information 1,038 3,390
Foreign exchange (gain) loss (12,004) 19,871
------------- ------------
$ 34,830 $ 75,462
============= ============
UNAUDITED
- 5 -
BYRON RESOURCES INC.
(Formerly Bioforest Pacific Inc.)
2200 - 181 University Avenue,
Toronto ON, Canada M5H 3M7
Tel: 416 594 0528 Fax: 416 594 6811
E-mail: bioforest@interface.ca
Commission File No.82-1918 Section 12g 3-2(b)
Registration File No.000-30194
CERTIFICATION of DISCLOSURE- Q2 JUNE 30, 2003
I, Ross McGroarty, certify that:
1. I have reviewed the Unaudited Quarterly Report on Form N - SAR of BYRON
RESOURCES INC. (Formerly Bioforest Pacific Inc.) for period ending June 30, 2003
pursuant to Section 302 (a) of the Sarbanes-Oxley Act of 2002.
2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact necessary to make the statements made, in light of
the circumstances under which statements were made, not misleading with respect
to the period covered by this Q1 report;
3. Based on my knowledge, the financial statements, and other financial
information included in this Q 1 report, fairly represent 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 we 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 filing date of this
quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report our 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 the registrant's board of directors:
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: August 14, 2003
/s/ "Ross McGroarty" /s/ "David L. Hynes"
Chairman - Secretary President