HIMALAYA TECHNOLOGIES, INC - Quarter Report: 2010 January (Form 10-Q)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
(Mark
One)
x
|
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For
the quarterly period ended January 31, 2010
¨
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
For the
transition period from ________________ to _______________
333-147501
(Commission
file number)
HOMELAND
RESOURCES LTD.
(Exact
name of registrant as specified in its charter)
Nevada
(State
or other jurisdiction
Of
incorporation or organization)
|
26-0841675
(IRS
Employer
Identification
No.)
|
6801
Los Trechos NE, Albuquerque New Mexico
|
87109
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(505)
264-0600
(Registrant’s
telephone number, including area code)
Not
applicable
(Former
name, former address and former fiscal year, if changed since last
report)
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 (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
x
Yes ¨ No
Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding
12 months (or for such shorter period that the registrant was required to submit
and post such files).
¨
Yes ¨ No (Not
Required)
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act.
Large
accelerated filer ¨
|
Accelerated
filer ¨
|
|
Non-accelerated
filer ¨
|
Smaller
reporting company x
|
Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).
x
Yes ¨ No
Indicate
the number of shares outstanding of each of the issuer’s classes of common
stock, as of the latest practicable date: 60,000,000 shares of Common Stock,
$.001 par value, as of March 15, 2010
HOMELAND
RESOURCES LTD.
(An
Exploration Stage Company)
Page
|
||||
PART
I.
|
UNAUDITED
FINANCIAL INFORMATION
|
|||
Item
1.
|
Interim
Financial Statements
|
3
|
||
Balance
Sheets
January
31, 2010 (unaudited) and July 31, 2009
|
4
|
|||
Statements
of Operations (unaudited)
Three
and Six Months Ended January 31, 2010 and 2009
and
Cumulative Amounts from July 8, 2003 (Inception) to January 31,
2010
|
5
|
|||
Statement
of Stockholders’ Equity (Deficit) (unaudited)
Cumulative
Amounts from July 8, 2003 (Inception) to January 31, 2010
|
6
|
|||
Statements
of Cash Flows (unaudited)
Six
Months Ended January 31, 2010 and 2009
and
Cumulative Amounts from July 8, 2003 (Inception) to January 31,
2010
|
7
|
|||
Notes
to Financial Statements (unaudited)
|
8
|
|||
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
10
|
||
Item
3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
11
|
||
Item
4.
|
Controls
and Procedures
|
11
|
||
PART
II.
|
OTHER
INFORMATION
|
|||
Item
1.
|
Legal
Proceedings
|
12
|
||
Item
1A.
|
Risk
Factors
|
12
|
||
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds
|
12
|
||
Item
3.
|
Defaults
Upon Senior Securities
|
12
|
||
Item
4.
|
Removed
and Reserved
|
12
|
||
Item
5.
|
Other
Information
|
12
|
||
Item
6.
|
Exhibit
Index
|
12
|
||
Signatures
|
13
|
2
Part
I.
|
UNAUDITED
FINANCIAL INFORMATION
|
Item
1.
|
Interim
Financial Statements
|
3
HOMELAND
RESOURCES LTD.
(An
Exploration Stage Company)
BALANCE
SHEETS
January 31,
2010
(Unaudited)
|
July 31,
2009
|
|||||||
ASSETS
|
||||||||
Current
assets
|
||||||||
Cash
and cash equivalents
|
$ | 6 | $ | 89 | ||||
Total
Current Assets
|
6 | 89 | ||||||
Mineral
property (Note 3)
|
1 | 1 | ||||||
Total
assets
|
$ | 7 | $ | 90 | ||||
LIABILITIES
AND STOCKHOLDERS’ DEFICIT
|
||||||||
Current
liabilities
|
||||||||
Accounts
payable and accrued liabilities
|
$ | 80,048 | $ | 55,543 | ||||
Total
Current Liabilities
|
80,048 | 55,543 | ||||||
Total
liabilities
|
80,048 | 55,543 | ||||||
Stockholders’
deficit
|
||||||||
Common
stock - $0.0001 par value; authorized – 750,000,000 shares Issued and
outstanding – 60,000,000 shares
|
6,000 | 6,000 | ||||||
Paid
in capital
|
24,000 | 24,000 | ||||||
Deficit
accumulated during the development stage
|
(110,041 | ) | (85,453 | ) | ||||
Total
stockholders’ deficit
|
(80,041 | ) | (55,453 | ) | ||||
Total
liabilities and stockholders’ deficit
|
$ | 7 | $ | 90 |
The
accompanying notes are an integral part of these financial
statements.
4
HOMELAND
RESOURCES LTD.
(An
Exploration Stage Company)
STATEMENTS
OF OPERATIONS
(Unaudited)
Three Months
Ended
January 31,
2010
|
Three Months
Ended
January 31,
2009
|
Six Months
Ended
January 31,
2010
|
Six Months
Ended
January 31,
2009
|
Cumulative
Amounts
From
Inception on
July 8, 2003
To
January 31,
2010
|
||||||||||||||||
REVENUES
|
$ | - | $ | - | $ | - | $ | - | $ | 387 | ||||||||||
EXPENSES
|
||||||||||||||||||||
Accounting
and audit
|
2,798 | 1,904 | 8,375 | 5,414 | 32,296 | |||||||||||||||
General
and Administrative
|
7,619 | 52 | 7,744 | 115 | 22,286 | |||||||||||||||
Legal
|
4,104 | 2,655 | 6,269 | 5,703 | 39,510 | |||||||||||||||
Registration
and filing
|
- | 329 | 750 | 650 | 5,285 | |||||||||||||||
Transfer
agent
|
225 | 145 | 450 | 145 | 3,005 | |||||||||||||||
Mineral
exploration costs
|
- | - | 1,000 | 806 | 5,531 | |||||||||||||||
Impairment
on mineral property (Note 3)
|
- | - | - | - | 875 | |||||||||||||||
Oil
and gas property operating costs
|
- | - | - | - | 1,310 | |||||||||||||||
Loss
on disposal of oil and gas
|
- | - | - | - | 330 | |||||||||||||||
(14,746 | ) | (5,085 | ) | (24,588 | ) | (12,833 | ) | (110,428 | ) | |||||||||||
Provision
for Income Taxes
|
- | - | - | - | - | |||||||||||||||
Net
loss
|
$ | (14,746 | ) | $ | (5,085 | ) | $ | (24,588 | ) | $ | (12,833 | ) | $ | (110,041 | ) | |||||
Net
Loss Per Common Share
|
||||||||||||||||||||
Basic
and Diluted
|
$ | (0.001 | ) | $ | (0.001 | ) | $ | (0.001 | ) | $ | (0.001 | ) | $ | (0.002 | ) | |||||
Weighted
average number of common shares outstanding
|
||||||||||||||||||||
Basic
and Diluted
|
60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 |
The
accompanying notes are an integral part of these financial
statements.
5
HOMELAND
RESOURCES LTD.
(A
Development Stage Company)
STATEMENT
OF STOCKHOLDERS’ EQUITY (DEFICIT)
(Unaudited)
Common Stock
|
Deficit
Accumulated
|
|||||||||||||||
Number
of Shares
|
Amount
|
Paid in
Capital
|
During the
Development
Stage
|
|||||||||||||
Balance,
July 8, 2003
|
- | $ | - | $ | - | $ | - | |||||||||
(Date
of incorporation)
|
||||||||||||||||
Loss
for the period
|
- | - | - | - | ||||||||||||
Balance,
July 31, 2003
|
- | - | - | - | ||||||||||||
Issuance
of common stock for cash at $0.005 per share:
|
||||||||||||||||
August
2003
|
30,000,000 | 3,000 | 12,000 | 15,000 | ||||||||||||
Net
(loss) for the year
|
- | - | - | (1,731 | ) | |||||||||||
Balance,
July 31, 2004
|
30,000,000 | 3,000 | 12,000 | 13,269 | ||||||||||||
Issuance
of common stock for cash at $0.005 per share:
|
||||||||||||||||
August
2004
|
20,650,000 | 2,065 | 8,260 | 10,325 | ||||||||||||
May
2005
|
9,350,000 | 935 | 3,740 | 4,675 | ||||||||||||
Net
(loss) for the year
|
- | - | - | (7,890 | ) | |||||||||||
Balance,
July 31, 2005
|
60,000,000 | 6,000 | 24,000 | 20,379 | ||||||||||||
Net
(loss) for the year
|
- | - | - | (2,846 | ) | |||||||||||
Balance,
July 31, 2006
|
60,000,000 | 6,000 | 24,000 | 17,533 | ||||||||||||
Net
(loss) for the year
|
- | - | - | (21,884 | ) | |||||||||||
Balance,
July 31, 2007
|
60,000,000 | 6,000 | 24,000 | (4,351 | ) | |||||||||||
Net
(loss) for the year
|
- | - | - | (29,576 | ) | |||||||||||
Balance,
July 31, 2008
|
60,000,000 | 6,000 | 24,000 | (33,927 | ) | |||||||||||
Net
(loss) for the year
|
- | - | - | (21,526 | ) | |||||||||||
Balance,
July 31, 2009
|
60,000,000 | 6,000 | 24,000 | (55,453 | ) | |||||||||||
Net
(loss) for the period
|
- | - | - | (24,588 | ) | |||||||||||
Balance,
January 31, 2010
|
60,000,000 | $ | 6,000 | $ | 24,000 | $ | (80,041 | ) |
The
accompanying notes are an integral part of these financial
statements.
6
HOMELAND
RESOURCES LTD.
(An
Exploration Stage Company)
STATEMENTS
OF CASH FLOWS
(Unaudited)
Six Months
Ended
January 31,
2010
|
Six Months
Ended
January 31,
2009
|
Cumulative
Amounts
From
Inception
on July 8,
2003
To
January 31,
2010
|
||||||||||
OPERATING
ACTIVITIES
|
||||||||||||
Net
loss
|
$ | (24,588 | ) | $ | (12,833 | ) | $ | (110,041 | ) | |||
Adjustments
to reconcile net loss to net cash used in operating
activities:
|
||||||||||||
Impairment
on mineral property
|
- | - | 875 | |||||||||
Loss
on disposal of interest in oil and gas property
|
- | - | 330 | |||||||||
Change
in non-cash working capital items:
|
||||||||||||
Decrease
in prepaids
|
- | - | - | |||||||||
Increase
in accounts payable and accrued liabilities
|
24,505 | 12,799 | 80,048 | |||||||||
Net
cash used in operating activities
|
(83 | ) | (34 | ) | (28,788 | ) | ||||||
INVESTING
ACTIVITIES
|
||||||||||||
Purchase
of interest in oil and gas property
|
- | - | (3,830 | ) | ||||||||
Disposal
of interest in oil and gas property
|
- | - | 3,500 | |||||||||
Purchase
of undeveloped mineral property
|
- | - | (876 | ) | ||||||||
Net
cash used in investing activities
|
- | - | (1,206 | ) | ||||||||
FINANCING
ACTIVITIES
|
||||||||||||
Sale
of common stock
|
- | - | 30,000 | |||||||||
Net
cash provided by financing activities
|
- | - | 30,000 | |||||||||
Net
increase (decrease) in cash
|
(83 | ) | (34 | ) | 6 | |||||||
Cash,
beginning of periods
|
89 | 53 | - | |||||||||
Cash,
end of periods
|
$ | 6 | $ | 19 | $ | 6 |
The
accompanying notes are an integral part of these financial
statements.
7
HOMELAND
RESOURCES LTD.
|
(An
Exploration Stage Company)
|
NOTES
TO FINANCIAL STATEMENTS
|
JANUARY
31, 2010
|
(Unaudited)
|
NOTE
1 – ORGANIZATION
Homeland
Resources Ltd. (the Company) was incorporated under the laws of the State of
Nevada on July 8, 2003 and is considered a development stage company and a
mining company in the exploration stage. The Company’s principal activities
since inception have been the acquisition of a mineral property in the State of
New Mexico.
The
accompanying unaudited interim financial statements included herein were
prepared from the records of the Company in accordance with Generally Accepted
Accounting Principles in the United States. In the opinion of management, the
interim data includes all adjustments, consisting of normal recurring
adjustments, necessary to provide a fair statement of the results of operations
and financial position for the interim periods. These unaudited interim
financial statements should be read in conjunction with the Company’s audited
financial statements for the year ended July 31, 2009.
The
results of operations for the six months ended January 31, 2010 are not
necessarily indicative of the results that may be expected for the year ending
July 31, 2010.
NOTE
2 - GOING CONCERN
The
accompanying financial statements have been prepared on the basis of accounting
principles applicable to a going concern, which contemplates the realization of
assets and extinguishment of liabilities in the normal course of business. As
shown in the accompanying balance sheet the Company has
accumulated a deficit of $110,041 through January 31, 2010, current liabilities
exceeded current assets by $80,042. As of January 31, 2010, the Company has not commenced principal
operations. These factors among others may indicate that the Company may be unable
to continue in existence. The Company's financial
statements do not include any adjustments related to the realization of the
carrying value of assets or the amounts and classification of liabilities that
might be necessary should the Company
be unable to continue in existence. The Company's ability to establish itself as
a going concern is dependent upon its ability to obtain additional financing, in
order to commence exploration activities on its mining property and ultimately,
to achieve profitable operations. Management believes that they can be
successful in obtaining equity financing which will enable the Company to continue in
existence and establish itself as a going concern.
NOTE
3 - UNDEVELOPED MINERAL PROPERTY
During
the year ended July 31, 2004, the Company acquired six unpatented lode mining
claims. The Company must incur annual assessment work of $100 for each claim or
pay an annual maintenance fee of $140 per claim. These claims are located in
western Luna County, New Mexico and are collectively known as the Home Ranch
Prospect.
No
exploration efforts have been conducted on the Company’s mineral property and,
accordingly, the ultimate recovery of the Company’s investment in mineral
property is dependent upon the discovery of commercially profitable ore reserves
through future exploration efforts and the subsequent development or sale of
such reserves.
Due to
the Company’s lack of working capital, its ability to explore for minerals on
these claims has become economically non-feasible. Therefore, any future
cash flows from these claims are uncertain as to amount and timing. The
Company recorded an impairment loss of $875 during the year ended July 31, 2009
to write-down the property to a nominal value of $1.
8
HOMELAND
RESOURCES LTD.
|
(An
Exploration Stage Company)
|
NOTES
TO FINANCIAL STATEMENTS
|
JANUARY
31, 2010
|
(Unaudited)
|
NOTE
4 – OIL AND GAS PROPERTY
State Red House #4
Project
The
Company had a 10% working interest in the Vector Exploration Corporation State
Red House #4 Project for a total buy-in cost of $833 plus dry hole costs in
Noble County, Oklahoma. The Company’s working interest included leasehold
interest, well bores, geological expenses, brokerage costs and overhead. During
the year ended July 31, 2005, it sold its interest for $3,500 resulting in a
$330 loss on the disposition which is recognized on the statements of
operation.
NOTE
5 – SUBSEQUENT EVENTS
Subsequent
to January 31, 2010, the Company:
i)
|
Amended
and replaced Article I, Section 10 of its
bylaws.
|
ii)
|
Decreased
the number of authorized common stock to 500,000,000 shares with a par
value of $0.0001 per share.
|
iii)
|
Increased
the number of authorized preferred stock to 250,000,000 shares with a par
value of $0.0001 per share. Of this amount, 10,000,000 shares of preferred
stock will be designated as Series A Preferred Stock, with a par value of
$0.0001 per share.
|
9
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
General
We are an
exploration stage company engaged in the acquisition and exploration of mineral
properties. We own six mineral claims, the HR#1 through HR#6 Claims
(the “HR Claims”), which collectively comprise the Home Ranch Prospect described
below. Further exploration of our mineral claims is required before a
final evaluation as to the economic and legal feasibility of any of our mineral
claims can be completed. We cannot assure you that a commercially
viable mineral deposit exists on our mineral claims. Our plan of
operations is to carry out exploration work on our mineral claims in order to
ascertain whether our claims possess commercially exploitable quantities of
gold, silver, copper and/or molybdenum. We cannot provide assurance
to investors that our mineral claims contain a commercially exploitable mineral
deposit, or reserve, until appropriate exploratory work is done and an economic
evaluation based on such work concludes economic feasibility.
In March
2004, we acquired a 100% interest in leases on the HR Claims, which are
unpatented lode mining claims on federal minerals administered by the Bureau of
Land Management, located in the Home Ranch Prospect, Luna County, New
Mexico. We obtained the HR Claims for filing fees of $666 plus
staking expenses of $550. The Home Ranch Prospect consists of the
HR#1 through HR#6 mineral claims. Unpatented claims are mining claims
for which the holder has no patent, or document that conveys title. A
lode is a mineral deposit in consolidated rock as opposed to a placer deposit,
which is a deposit of sand or gravel that contains particles of gold, ilmenite,
gemstones, or other heavy minerals of value.
Results
of Operations
Three
months ended January 31, 2010 compared to the three months ended January 31,
2009.
We had no
revenues during the three months ended January 31, 2010 or
2009. During the three months ended January 31, 2010, we incurred
expenses of $14,746, compared with $5,085 during the three months ended January
31, 2009, an increase of $9,661. The increase in our expenses was
attributable primarily to an increase in our general and administrative
expenses.
Six
Months ended January 31, 2010 compared to January 31, 2009
We had no
revenues during the six months ended January 31, 2010 or 2009. During
the six months ended January 31, 2009, we incurred expenses of $24,588, compared
with $12,833 during the six months ended January 31, 2009, an increase of
$11,755.
Liquidity
and Capital Resources
As of
January 31, 2010, we had cash of $6, compared to cash of $89 as of July 31,
2009. Our working capital deficit at January 31, 2010 was $80,042,
compared to $55,454 as of July 31, 2009. The increase in our working
capital deficit was due primarily to the increase in our expenses associated
with our ongoing filing obligations with the Securities and Exchange
Commission.
Off-Balance
Sheet Arrangements
We did
not have any off-balance sheet arrangements as of January 31, 2010.
Going
Concern
In its
report prepared in connection with our 2009 financial statements, our
independent registered public accounting firm included an explanatory paragraph
stating that, because we had an accumulated deficit of $85,453 and a working
capital deficit of $55,454 at July 31, 2009, there was substantial doubt about
our ability to continue as a going concern. At January 31, 2010, our
accumulated deficit was $110,041 and our working capital deficit was
$80,042. Our continued existence will depend in large part upon our
ability to raise sufficient capital through debt and equity
offerings. Our financial statements do not include any adjustments
that might result from the outcome of this uncertainty.
10
Summary
of Significant Accounting Policies
Mineral
Property. Our mineral property consists of leases on
unpatented lode mining claims located in New Mexico. Mineral exploration costs
are expensed as incurred. When it has been determined that a mineral property
can be economically developed, the costs incurred to develop such property,
including costs to further delineate the ore body and remove overburden to
initially expose the ore body, are capitalized. Such costs and
estimated future development costs are amortized using a unit-of-production
basis over the estimated life of the ore body. Ongoing development expenditures
to maintain production are charged to operations as incurred.
Significant
expenditures directly related to the acquisition of exploration interests are
capitalized. If a mineable ore body is discovered, such costs are amortized
using a unit-of-production method. If no mineable ore body is discovered, such
costs are expensed in the period in which it is determined the property has no
future economic value.
Forward
Looking Statements
Certain
statements in this Quarterly Report on Form 10-Q, as well as statements made by
us in periodic press releases and oral statements made by our officials to
analysts and shareholders in the course of presentations about the Company,
constitute “forward-looking statements”. Such forward-looking
statements involve known and unknown risks, uncertainties, and other factors
that may cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward looking statements. Such factors include,
among other things, (1) general economic and business conditions; (2) interest
rate changes; (3) the relative stability of the debt and equity markets; (4)
government regulations particularly those related to the natural resources
industries; (5) required accounting changes; (6) disputes or claims regarding
our property interests; and (7) other factors over which we have little or no
control.
Item
3.
|
Quantitative
and Qualitative Disclosures About Market
Risk
|
Not required for smaller reporting
companies.
Item
4.
|
Controls
and Procedures
|
Evaluation
of Disclosure Controls and Procedures
Disclosure controls and procedures, as
defined in Rule 15d-15(e) under the Securities Exchange Act of 1934 (the
“Exchange Act”), are our controls and other procedures that are designed to
ensure that information required to be disclosed by us in the reports that we
file or submit under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the SEC’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed by us in
the reports that we file or submit under the Act is accumulated and communicated
to our sole officer, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure. Rule 15d-15
under the Exchange Act, requires us to carry out an evaluation of the
effectiveness of the design and operation of our disclosure controls and
procedures as of January 31, 2010, being the date of our most recently completed
fiscal quarter end. This evaluation was implemented under the
supervision and with the participation of our sole officer, Armando
Garcia. Based on this evaluation, Mr. Garcia concluded that the
design and operation of our disclosure controls and procedures are not effective
since the following material weaknesses exist:
|
·
|
We
rely on external consultants for the preparation of our financial
statements and reports. As a result, our sole officer may not
be able to identify errors and irregularities in the financial statements
and reports.
|
|
·
|
We
have a sole officer who is also the sole director. Therefore,
there is an inherent lack of segregation of duties and a limited
independent governing board.
|
11
|
·
|
We
rely on an external consultant for administration functions, some of which
do not have standard procedures in place for formal review by our sole
officer
|
Changes in Internal Controls Over
Financial Reporting
In
connection with the evaluation of our internal controls during our last fiscal
quarter, our sole officer has concluded that there were no changes in our
internal control over financial reporting that occurred during the fiscal
quarter ended January 31, 2010 that have materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.
PART
II - OTHER INFORMATION
Item
1.
|
Legal
Proceedings
|
None.
Item 1A.
|
Risk
Factors
|
Not
required for smaller reporting companies.
Item
2.
|
Unregistered
Sales of Equity Securities and Use of
Proceeds
|
None.
Item
3.
|
Defaults
Upon Senior Securities
|
None.
Item
4.
|
Removed
and Reserved
|
Not
applicable.
Item
5.
|
Other
Information
|
Not
applicable
Item
6.
|
Exhibits
|
Regulation
S-K
Number
|
Exhibit
|
|
3.1
|
Articles
of Incorporation (1)
|
|
3.2
|
Amendment
to Articles of Incorporation (1)
|
|
3.3
|
Bylaws
(1)
|
|
3.4
|
Certificate
of Amendment to Articles of Incorporation (2)
|
|
3.5
|
Amended
and Restated Bylaws (2)
|
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4.1
|
Certificate
of Designation of Rights, Preferences, and Privileges For Series A
Preferred Stock (2)
|
|
10.1
|
Notice
of Mining Claims HR #1-6, recorded by Luna County, New Mexico, on March
24, 2004 (1)
|
|
10.2
|
Confirmation
of Agreement with Leroy Halterman dated August 1, 2007
(1)
|
|
10.3
|
Loan
Commitment Letter from Wellington Financial Corporation dated August 1,
2007 (1)
|
|
10.4
|
Notice
of Intent to Hold the HR #1-6 Lode Mining Claims, filed with the Bureau of
Land Management on August 15, 2007 (1)
|
|
10.5
|
Notice
of Intent to Hold the HR #1-6 Lode Mining Claims recorded by Luna County,
New Mexico, on August 17, 2007 (1)
|
|
31.1
|
Rule
15d-14(a) Certification of Armando Garcia
|
|
32.1
|
Certification
of Armando Garcia Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of
2002
|
12
(1)
|
Incorporated
by reference to the exhibits to the registrant’s registration statement on
Form SB-1 filed November 19, 2007, file number
333-147501.
|
(2)
|
Incorporated
by reference to the exhibits to the registrant’s current report on Form
8-K filed February 8, 2010, file number
333-147501.
|
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.
HOMELAND
RESOURCES LTD.
|
|||
(Registrant)
|
|||
Date:
|
March
16, 2010
|
By:
|
/s/
Armando Garcia
|
Armando
Garcia,
|
|||
President,
Secretary, Treasurer
|
|||
(principal
executive and financial
officer)
|
13