UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 June 30, 2005
------------------
[ ] Transition Report pursuant to 13 or 15(d) of the Securities Exchange
Act of 1934
For the transition period to
------------------ --------------------
Commission File Number 333-121542
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High Tide Ventures, Inc.
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(Exact name of small Business Issuer as specified in its charter)
Nevada Applied For
- --------------------------------- --------------------------------
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
747 17th Street, Suite 301
North Vancouver, British Columbia, Canada V7V 3T4
- ---------------------------------------- --------------------------------
(Address of principal executive offices) (Postal or Zip Code)
Issuer's telephone number, including area code: (604) 351-1897
------------------------------
N/A
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(Former name, former address and former fiscal year, if changed since
last report)
Check whether the issuer (1) 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 (or for such shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days [ ] Yes [ X ] No
State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 12,650,000 shares of $0.001 par value
common stock outstanding as of August 10, 2005.
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
BALANCE SHEETS
(Stated in U.S. Dollars)
<table>
<caption
- -------------------------------------------------------------------------------------------------------------------------
June 30, December 31,
2005 2004
- -------------------------------------------------------------------------------------------------------------------------
(Unaudited) (Audited)
<s> <c> <c>
ASSETS
Current
Cash and cash equivalents $ 5,516 $ 14,854
=========================================================================================================================
LIABILITIES
Current
Accounts payable and accrued liabilities $ 10,686 $ 12,185
-----------------------------------------
STOCKHOLDERS' EQUITY
Common Stock (Note 4)
Authorized:
75,000,000 shares with a par value of $0.001
Issued and Outstanding:
12,650,000 common shares at June 30, 2005 12,650 12,650
12,650,000 common shares at December 31, 2004
Additional paid-in capital 35,850 31,350
Deficit Accumulated During The Exploration Stage (53,670) (41,331)
-----------------------------------------
(5,170) 2,669
-----------------------------------------
$ 5,516 $ 14,854
=========================================================================================================================
</table>
Nature And Continuance Of Operations (Note 1)
The accompanying notes are an integral part of these financial statements
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
INTERIM STATEMENTS OF OPERATIONS
(Unaudited)
(Stated in U.S. Dollars)
<table>
<caption>
- ---------------------------------------------------------------------------------------------------------------------------------
PERIOD FROM
FEBRUARY 13
THREE THREE MONTHS SIX SIX 2003
MONTHS MONTHS MONTHS MONTHS (INCEPTION)
ENDED ENDED ENDED ENDED TO
JUNE 30 JUNE 30 JUNE 30 JUNE 30 JUNE 30,
2005 2004 2005 2004 2005
- ---------------------------------------------------------------------------------------------------------------------------------
<s> <c> <c> <c> <c> <c>
Revenue $ - $ - $ - $ - $ -
---------------------------------------------------------------------------------------------
Expenses
Consulting 1,500 1,500 3,000 3,000 14,000
Mineral property costs (Note 5) 2,490 6,500 2,490 6,500 8,990
Organizational costs - - - - 420
Office and sundry 1,525 776 3,026 1,546 9,574
Professional fees 2,128 - 3,823 - 20,686
---------------------------------------------------------------------------------------------
Net Loss For The Period $ 7,643 $ 8,776 $ 12,339 $ 11,046 $ 53,670
=================================================================================================================================
Basic And Diluted Loss Per Share $ (0.01) $ (0.00) $ (0.01) $ (0.00)
========================================================================================================
Weighted Average Number Of Shares
Outstanding 12,650,000 11,921,429 12,650,000 8,611,813
========================================================================================================
</table>
The accompanying notes are an integral part of these financial statements
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
INTERIM STATEMENTS OF CASH FLOWS
(Unaudited)
(Stated in U.S. Dollars)
<table>
<caption>
- ---------------------------------------------------------------------------------------------------------------------------------
PERIOD FROM
FEBRUARY 13
SIX SIX 2003
MONTHS MONTHS (INCEPTION)
ENDED ENDED TO
JUNE 30 JUNE 30 JUNE 30
2005 2004 2005
- ---------------------------------------------------------------------------------------------------------------------------------
<s> <c> <c> <c>
Cash Flows From Operating Activities
Net loss for the period $ (12,339) $ (11,046) $ (53,670)
Change in non-cash working capital balance related to operations:
Accounts payable and accrued liabilities (1,499) 6,080 10,686
Prepaid expenses - - -
Non-cash services from a director 4,500 4,500 21,000
------------------------------------------------------------------
( 9,338) (466) (21,984)
------------------------------------------------------------------
Cash Flows From Financing Activities
Capital stock issued - 22,500 27,500
Advance from related party - (2,500) -
------------------------------------------------------------------
- 20,000 27,500
------------------------------------------------------------------
Increase (Decrease)In Cash During The Period ( 9,338) 19,534 5,516
Cash, Beginning Of Period 14,854 7,485 -
------------------------------------------------------------------
Cash, End Of Period $ 5,516 $ 27,019 $ 5,516
=================================================================================================================================
Supplementary Disclosure Of Cash Flow Information
Cash paid for:
Interest $ - $ - $ -
Income taxes $ - $ - $ -
=================================================================================================================================
</table>
The accompanying notes are an integral part of these financial statements
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
INTERIM STATEMENT OF STOCKHOLDERS' EQUITY
PERIOD FROM FEBRUARY 13, 2003 (INCEPTION) TO JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
<table>
<caption>
DEFICIT
ACCUMULATED
COMMON SHARES ADDITIONAL DURING THE
----------------------------
PAR PAID-IN EXPLORATION
NUMBER VALUE CAPITAL STAGE TOTAL
--------------------------------------------------------------------------------
<s> <c> <c> <c> <c> <c>
Balance, February 13, 2003 (Date of inception)
- $ - $ - $ - $ -
Capital stock issued for cash:
October 2003 at $0.001 5,000,000 5,000 - - 5,000
Non-cash services from a director - - 7,500 - 7,500
Net loss for the period - - - (11,363) (11,363)
--------------------------------------------------------------------------------
Balance, December 31, 2003 5,000,000 5,000 7,500 (11,363) 1,137
Capital stock issued for cash:
April 2004 at $0.001 7,500,000 7,500 - - 7,500
May 2004 at $0.10 150,000 150 14,850 - 15,000
Non-cash services from a director - - 9,000 - 9,000
Net loss for the year - - - (29,968) (29,968)
--------------------------------------------------------------------------------
Balance, December 31, 2004 12,650,000 $ 12,650 $ 31,350 $ (41,331) $ 2,669
Non-cash services from a director - - 4,500 - 4,500
Net loss for the period - - - (12,339) (12,339)
--------------------------------------------------------------------------------
Balance, June 30, 2005 12,650,000 $ 12,650 $ 35,850 $ (53,670) $ (5,170)
================================================================================
</table>
The accompanying notes are an integral part of these financial statements
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
NOTES TO INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
1. NATURE AND CONTINUANCE OF OPERATIONS
The Company was incorporated in the State of Nevada on February 13, 2003.
The Company is an Exploration Stage Company as defined by Statement of
Financial Accounting Standard ("SFAS") No. 7. During the year ended
December 31, 2004, the Company has acquired a mineral property located in
the Northwest Territories, Canada and has not yet determined whether this
property contains reserves that are economically recoverable (Note 5). The
recoverability of property expenditures will be dependent upon the
discovery of economically recoverable reserves, confirmation of the
Company's interest in the underlying property, the ability of the Company
to obtain necessary financing to satisfy the expenditure requirements under
the property agreement and upon future profitable production or proceeds
for the sale thereof.
These financial statements have been prepared on a going concern basis. The
Company has incurred losses since inception resulting in an accumulated
deficit of $53,670 and further losses are anticipated in the development of
its business raising substantial doubt about the Company's ability to
continue as a going concern. Its ability to continue as a going concern is
dependent upon the ability of the Company to generate profitable operations
in the future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due. Management has plans to seek additional
capital through a private placement and public offering of its common
stock. The financial statements do not include any adjustments relating to
the recoverability and classification of recorded assets, or the amounts of
and classification of liabilities that might be necessary in the event the
Company cannot continue in existence.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a) Basis of Presentation
The accompanying unaudited interim financial statements have been prepared
by the Company pursuant to the rules and regulations of the United States
Securities and Exchange Commission. Certain information and disclosures
normally included in annual financial statements prepared in accordance
with accounting principles generally accepted in the United States of
America have been condensed or omitted pursuant to such rules and
regulations. In the opinion of management, all adjustments and disclosures
necessary for a fair presentation of these financial statements have been
included. Such adjustments consist of normal recurring adjustments. These
interim financial statements should be read in conjunction with the audited
financial statements of the Company for the fiscal period ended December
31, 2004.
The results of operations for the six months ended June 30, 2005 are not
indicative of the results that may be expected for the full year.
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
NOTES TO INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
b) Cash and Cash Equivalents
The Company considers all highly liquid instruments with maturity of
three months or less at the time of issuance to be cash equivalents.
c) Mineral Property Costs
The Company has been in the exploration stage since its formation on
February 13, 2003 and has not yet realized any revenues from its
planned operations. It is primarily engaged in the acquisition and
exploration of mining properties. Prior to June 30, 2004, mineral
property acquisition and exploration costs were charged to operations
as incurred.
On March 31, 2004, the Emerging Issues Task Force ("EITF") issued EITF
04-2, "Whether Mineral Rights are Tangible or Intangible Assets" ("EITF
04-2") which concluded that mineral interest conveyed by leases should
be considered tangible assets. On April 30, 2004, the Financial
Accounting Standards Board ("FASB") issued amended SFAS 141 and SFAS
142 to provide that certain mineral use rights are considered tangible
assets and that mineral use rights should be accounted for based on
their substance. The amendment was effective for the first reporting
period beginning after April 29, 2004, with early adoption permitted.
The Company adopted EITF No. 04-2 on July 1, 2004.
Subsequent to July 1, 2004, the Company capitalizes acquisition costs,
and expenses property maintenance and exploration costs as incurred.
On March 31, 2004, the EITF issued EITF 04-3, "Mining Assets'
Impairment and Business Combinations" (EITF 04-3") which concluded that
entities should generally include values in mining properties beyond
proven and probable reserves and the effects of anticipated
fluctuations in the future market price of minerals in determining the
fair value of mining assets. The Company adopted EITF 04-3 on July 1,
2004. The adoption of EITF No. 04-3 did not have any impact on the
Company's financial position or results of operations or cash flows in
2004.
d) Use of Estimates and Assumptions
The preparation of financial statements in conformity with U.S.
generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could
differ from those estimates.
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
NOTES TO INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
e) Foreign Currency Translation
The Company's functional currency is the Canadian dollar and its
reporting currency is the United States dollar. The financial
statements of the Company are translated to United States dollars in
accordance with SFAS No. 52 "Foreign Currency Translation". Monetary
assets and liabilities denominated in foreign currencies are translated
using the exchange rate prevailing at the balance sheet date. Gains and
losses arising on translation or settlement of foreign currency
denominated transactions or balances are included in the determination
of income. The Company has not, to the date of these financials
statements, entered into derivative instruments to offset the impact of
foreign currency fluctuations.
f) Financial Instruments
The carrying value of cash and cash equivalents, accounts payable and
accrued liabilities, and due to related parties approximates their fair
value because of the short maturity of these instruments. The Company's
operations are in Canada and virtually all of its assets and
liabilities are giving rise to significant exposure to market risks
from changes in foreign currency rates.
The Company's financial risk is the risk that arises from fluctuations
in foreign exchange rates and the degree of volatility of these rates.
Currently, the Company does not use derivative instruments to reduce
its exposure to foreign currency risk.
g) Environmental Costs
Environmental expenditures that relate to current operations are
charged to operations or capitalized as appropriate. Expenditures that
relate to an existing condition caused by past operations, and which do
not contribute to current or future revenue generation, are charged to
operations. Liabilities are recorded when environmental assessments
and/or remedial efforts are probable, and the cost can be reasonably
estimated. Generally, the timing of these accruals coincides with the
earlier of completion of a feasibility study or the Company's
commitments to plan of action based on the then known facts.
h) Income Taxes
Potential benefits of income tax losses are not recognized in the
accounts until realization is more likely than not. The Company has
adopted SFAS No. 109 as of its inception. Pursuant to SFAS No. 109 the
Company is required to compute tax asset benefits for net operating
losses carried forward. Potential benefit of net operating losses have
not been recognized in these financial statements because the Company
cannot be assured it is more likely than not it will utilize the net
operating losses carried forward in future years.
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
NOTES TO INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
i) Basic and Diluted Net Loss Per Share
The Company computes net loss per share in accordance with SFAS No.
128, "Earnings per Share". SFAS No. 128 requires presentation of both
basic and diluted earnings per share (EPS) on the face of the income
statement. Basic EPS is computed by dividing net loss available to
common shareholders (numerator) by the weighted average number of
shares outstanding (denominator) during the period. Diluted EPS gives
effect to all potentially dilutive common shares outstanding during the
period using the treasury stock method and convertible preferred stock
using the if-converted method. In computing Diluted EPS, the average
stock price for the period is used in determining the number of shares
assumed to be purchased from the exercise of stock options or warrants.
Diluted EPS excludes all potentially dilutive shares if their effect is
anti dilutive.
j) Stock Based Compensation
The Company accounts for stock based employee compensation arrangements
in accordance with the provisions of Accounting Principles Board
Opinion No. 25 - "Accounting for Stock Issued to Employees" (APB No.25)
and complies with the disclosure provisions of Statement of Financial
Accounting Standards No.123 - "Accounting for Stock Based Compensation"
(SFAS No. 123).
Under APB No. 25, compensation expense is recognized based on the
difference, if any, on the date of grant between the estimated fair
value of the Company's stock and the amount an employee must pay to
acquire the stock. Compensation expense is recognized immediately for
past services and rateably for future services over the option vesting
period.
k) Comprehensive Loss
SFAS No. 130, "Reporting Comprehensive Income," establishes standards
for the reporting and display of comprehensive loss and its components
in the financial statements. As at June 30, 2005, the Company has no
items that represent a comprehensive loss and, therefore, has not
included a schedule of comprehensive loss in the financial statements.
l) New Accounting Standards
Management does not believe that any recently issued, but not yet
effective, accounting standards, if currently adopted, could have a
material effect on the accompanying financial statements.
<page>
HIGH TIDE VENTURES, INC.
(An Exploration Stage Company)
NOTES TO INTERIM FINANCIAL STATEMENTS
JUNE 30, 2005
(Unaudited)
(Stated in U.S. Dollars)
3. RELATED PARTY TRANSACTIONS
Services Rendered by Related Party
The Company has been provided with non-cash services from an officer
and director. Accordingly, for the three months ended March 31, 2005,
consulting services have been recorded of $3,000 (2004 - $3,000),
rental expense of $1,500 (2004 - $1,500) has been recorded, and
additional paid-in capital has been increased by the corresponding
amounts.
The value of the consulting services has been calculated by
establishing the fair value of the hourly rate, times the estimated
total hours spent by the directors. The value of the rental expense has
been calculated on a pro-rata percentage of the fair value of the
donated office space. No monetary amount will be paid or exchanged for
these services.
4. COMMON STOCK
In October 2003, the Company issued 5,000,000 common shares to directors of
the Company for total cash proceeds of $5,000.
In April 2004, the Company issued 7,500,000 common shares for total cash
proceeds of $7,500.
In May 2004, the Company issued 150,000 common shares for total cash
proceeds of $15,000.
At June 30, 2005, there were no outstanding stock options or warrants.
5. MINERAL PROPERTY
Pursuant to a mineral property purchase agreement (the "Agreement") dated
May 28, 2004, the Company acquired a 100% undivided right, title and
interest in the 18 unit Sparta mineral claim, located near Cross Lake in
the South Mining District Division of Northwest Territories, Canada for
$6,500 cash payment. The amount of the payment was expensed in accordance
with the Company's policy at the time.
<page>
Item 2. Management's Discussion and Analysis or Plan of Operation
FORWARD LOOKING STATEMENTS
This quarterly report contains forward-looking statements that involve risks and
uncertainties. We use words such as anticipate, believe, plan, expect, future,
intend and similar expressions to identify such forward-looking statements. You
should not place too much reliance on these forward-looking statements. Our
actual results are likely to differ materially from those anticipated in these
forward-looking statements for many reasons, including the risks faced by us
described in this Risk Factors section and elsewhere in this annual report.
Plan of Operation
Our plan of operation for the twelve months following the date of this report is
to complete the recommended phase one and two exploration programs on the Sparta
property. We anticipate that the phase one program will cost approximately
$5,000, while the phase two program will cost approximately $10,000. To date, we
have not commenced exploration on the Sparta property.
The phase one program should take approximately one month to complete. The
anticipated $5,000 cost of the program will be funded from our current cash on
hand. The exploration program will consist of a geological review of the main
mineralized areas of the property. The review will be conducted by a geologist.
We have not yet retained a geologist to oversee this phase of exploration.
The phase two program will also take approximately one month to complete. The
phase two work program will consist of geological mapping and geophysical
surveying using both magnetic and electromagnetic instrumentation. Magnetic
surveys involve searching for changes in the magnetic field over property areas.
Magnetic anomalies may be a result of accumulations of certain magnetic rocks
that are often found alongside precious metals such as gold and base metals such
as copper. Electromagnetic surveys involve measuring whether or not rocks on the
surface and subsurface of the property conduct electricity. Gold, silver and
copper are excellent conductors of electricity.
The anticipated $10,000 cost of the program will be partially funded from our
current cash on hand. We will need to raise additional funds in order to
complete the program. We expect that these funds will be raised from the sale of
our stock or from director loans, though no such arrangements have been made. If
we are unable to raise these funds, we will have to delay the exploration
program. We have not yet retained a geologist to oversee this exploration
program.
As well, we anticipate spending an additional $20,000 on general administrative
costs, including fees payable in connection with the filing of this registration
statement and complying with reporting obligations.
Total expenditures over the next 12 months are therefore expected to be $35,000.
As at June 30, 2005, our cash on hand is $5,516. We will have to raise
additional funds within the next twelve months in order to effect our entire
plan of operations.
While we have sufficient funds on hand to conduct the phase one exploration
program on the Sparta property, we will require additional funding in order to
cover anticipated costs of the phase two program and administrative expenses. We
anticipate that additional funding will be required in the form of equity
financing from the sale of our common stock. However, we do not have any
arrangements in place for any future equity financing. We may also seek to
obtain short-term loans from our directors, although no such arrangement has
been made.
<page>
Results Of Operations For Period Ending June 30, 2005
We have not earned any revenues from our incorporation on February 13, 2003 to
June 30, 2005. We do not anticipate earning revenues unless we enter into
commercial production on the Sparta property, which is doubtful. We have not
commenced the exploration stage of our business and can provide no assurance
that we will discover economic mineralization on the property, or if such
minerals are discovered, that we will enter into commercial production.
We incurred operating expenses in the amount of $12,339 for the six-month period
ending June 30, 2005. These operating expenses were comprised of $3,823 in
professional fees, $3,026 in office and sundry costs and $3,000 in consulting
fees and $2,490 in mineral property costs.
Our net loss decreased slightly in the six-month period ended June 30, 2005, as
compared to the comparative period in 2004 ($12,339 as compared to $11,046).
Costs were higher in the prior fiscal period due to our acquisition of the
Sparta property.
At June 30, 2005, we held assets consisting entirely of cash of $5,516 and
liabilities of $10,686.
We have not attained profitable operations and are dependent upon obtaining
financing to pursue exploration activities. For these reasons our auditors
believe that there is substantial doubt that we will be able to continue as a
going concern.
ITEM 3: CONTROLS AND PROCEDURES
Evalution of Disclosure Controls
Our management evaluated the effectiveness of our disclosure controls and
procedures as of the end of our fiscal quarter on June 30, 2005. This evaluation
was conducted by our chief executive officer, Brent Peters, and our principal
accounting officer, Douglas Smith.
Disclosure controls are controls and other procedures that are designed to
ensure that information that we are required to disclose in the reports we file
pursuant to the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported.
Limitations on the Effective of Controls
Our management does not expect that our disclosure controls or our internal
controls over financial reporting will prevent all error and fraud. A control
system, no matter how well conceived and operated, can provide only reasonable,
but no absolute, assurance that the objectives of a control system are met.
Further, any control system reflects limitations on resources, and the benefits
of a control system must be considered relative to its costs. These limitations
also include the realities that judgments in decision-making can be faulty and
that breakdowns can occur because of simple error or mistake. Additionally,
controls can be circumvented by the individual acts of some persons, by
collusion of two or more people or by management override of a control. A design
of a control system is also based upon certain assumptions about potential
future conditions; over time, controls may become inadequate because of changes
in conditions, or the degree of compliance with the policies or procedures may
deteriorate. Because of the inherent limitations in a cost-effective control
system, misstatements due to error or fraud may occur and may not be detected.
<page>
Conclusions
Based upon the evaluation of our controls, our chief executive officer and
principal accounting officer have concluded that, subject to the limitations
noted above, the disclosure controls are effective providing reasonable
assurance that material information relating to us is made known to management
on a timely basis during the period when our reports are being prepared. There
were no changes in our internal controls that occurred during the quarter
covered by this report that have materially affected, or are reasonably likely
to materially affect our internal controls.
PART II- OTHER INFORMATION
Item 1. Legal Proceedings
We are not a party to any pending legal proceeding. Management is not aware of
any threatened litigation, claims or assessments.
Item 2. Changes in Securities
The Company did not issue any securities during the quarter ended June 30, 2005.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Item 5. Other Information
None.
Item 6. Exhibits and Report on Form 8-K
31.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002
31.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
32.1 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
32.2 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
<page>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
DATED: August 10, 2005
High Tide Ventures, Inc.
/s/ Brent Peters
- ------------------------------
Brent Peters, President