Golden Star Resource Corp. Files 10-K/A Amendment

TL;DR

<b>Golden Star Resource Corp. has filed an amended annual report (10-K/A) for the fiscal year ending June 30, 2023.</b>

AI Summary

Golden Star Resource Corp. (GLNS) filed a Amended Annual Report (10-K/A) with the SEC on April 5, 2024. Golden Star Resource Corp. filed a 10-K/A (Annual Report) on April 5, 2024. The filing covers the fiscal year ending June 30, 2023. The company's principal business is in Miscellaneous Metal Ores (SIC 1090). The company is incorporated in Nevada (NV). The filing address is Suite #300, 500 North Rainbow Blvd, Las Vegas, NV 89107.

Why It Matters

For investors and stakeholders tracking Golden Star Resource Corp., this filing contains several important signals. This amended filing provides updated information for the fiscal year 2023, which is crucial for investors to assess the company's financial health and operational status. As a company in the metal ores sector, this filing is important for understanding its resource base, production, and market position.

Risk Assessment

Risk Level: low — Golden Star Resource Corp. shows low risk based on this filing. The risk is low as this is an amended annual report, typically for corrections or updates, rather than a new filing indicating significant new events.

Analyst Insight

Review the amendments in the 10-K/A filing to understand any changes to Golden Star Resource Corp.'s financial statements, risk factors, or business operations for the fiscal year ending June 30, 2023.

Key Numbers

• 2023-06-30 — Fiscal Year End (Conformed period of report)
• 2024-04-05 — Filing Date (Filed as of date)
• 1090 — SIC Code (Standard Industrial Classification for Miscellaneous Metal Ores)

Key Players & Entities

• Golden Star Resource Corp. (company) — Filer name
• 2024-04-05 (date) — Filing date
• 2023-06-30 (date) — Fiscal year end
• 1090 (industry) — Standard Industrial Classification for Miscellaneous Metal Ores
• NV (state) — State of incorporation and business address
• 500 North Rainbow Blvd (address) — Business address
• Las Vegas (city) — Business address

FAQ

Industry Context

Golden Star Resource Corp. operates in the Miscellaneous Metal Ores sector, which involves the extraction and processing of various metal-bearing ores.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the requirement to submit annual reports (10-K) and amendments (10-K/A).

What Investors Should Do

1. Review the specific amendments made in the 10-K/A filing.
2. Analyze the company's business description and SIC code (1090) for industry context.
3. Note the filing date of April 5, 2024, and the fiscal year end of June 30, 2023.

Key Dates

• 2024-04-05: 10-K/A Filing — Amendment filed for the fiscal year ending June 30, 2023.
• 2023-06-30: Fiscal Year End — The period covered by the annual report.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to a previously submitted annual report.

Key Financial Figures

• $1.032 — ant on the OTC Bulletin Board system of $1.032. For purposes of this response, the reg
• $10 — Deed, the Grantor, in consideration of $10 and other valuable consideration, remis
• $155 — tification in lieu of paying the fee of $155 per claim. Payment of the Maintenance F
• $5,000,000 — y institutions with assets in excess of $5,000,000 or individuals with net worth in excess
• $1,000,000 — individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or
• $200,000 — f $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses)
• $300,000 — or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transa
• $0.10 — to 2,000,000 shares of common stock at $0.10 per share. There was no underwriter inv
• $107,000 — ompleted our public offering by raising $107,000. We sold 1,070,000 shares of our common
• $107,060 — s of our stock, we have net proceeds of $107,060. We have used proceeds (net of $46,538
• $46,538 — $107,060. We have used proceeds (net of $46,538 accounts payable and accrued liabilitie
• $284,058 — counts payable and accrued liabilities, $284,058 loan payable and $443,485 due to relate
• $443,485 — liabilities, $284,058 loan payable and $443,485 due to related parties) for the followi
• $293,408 — to related parties) for the following: $293,408 for professional fees, $49,500 for admi
• $49,500 — lowing: $293,408 for professional fees, $49,500 for administration, $98,359 for consult

Filing Documents

• form10-ka.htm (10-K/A) — 619KB
• ex31-1.htm (EX-31.1) — 14KB
• ex31-2.htm (EX-31.2) — 14KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• img_001.jpg (GRAPHIC) — 24KB
• img_002.jpg (GRAPHIC) — 29KB
• aud_001.jpg (GRAPHIC) — 2KB
• 0001493152-24-013246.txt (&nbsp;) — 1893KB
• glns-20230630.xsd (EX-101.SCH) — 11KB
• glns-20230630_cal.xml (EX-101.CAL) — 17KB
• glns-20230630_def.xml (EX-101.DEF) — 29KB
• glns-20230630_lab.xml (EX-101.LAB) — 101KB
• glns-20230630_pre.xml (EX-101.PRE) — 74KB
• form10-ka_htm.xml (XML) — 100KB

Signatures

Signatures 19 2 PART I ITEM 1. BUSINESS General We were incorporated in the State of Nevada on April 21, 2006. We are an exploration stage corporation. An exploration stage corporation is one engaged in the search for mineral deposits or reserves which are not in either development or production stages. We maintain our statutory registered agent's office at The Corporation Trust Company of Nevada, 6100 Neil Road, Suite 500, Reno, Nevada 89511. Our business office is located at #300 – 500 North Rainbow Blvd, Las Vegas, Nevada 89107. This is our mailing address as well. Our telephone number (210) 862-3372. Ms. Miller, our secretary/treasurer, provides our office space on a rent-free basis. We have no revenues, have achieved losses since inception, have no operations, have been issued a going concern opinion and rely upon the sale of our securities and loans from our officers and directors to fund operations. We have no plans to change our business activities or to combine with another business. We are not aware of any events or circumstances that might cause us to change our plans. Background We are an exploration stage mining company, incorporated in Nevada. The Company has been in the exploration stage since its formation and is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage. On August 15, 2013, the Company entered into a Quitclaim Deed (the "Deed") with Kee Nez Resources, LLC ("Grantor"), a Utah limited liability company. Pursuant to the Deed, the Grantor, in consideration of $10 and other valuable consideration, remise, release, and forever quitclaim unto the Company all of Grantor's right, title, and interest in and to the GSR group of unpatented lode mining claims situated in Churchill Country, Nevada. As a result, the Company has obtained title to the GSR claims in August 2

Notes to Financial Statements

Notes to Financial Statements F-10 - F-11 F-1 GOLDEN STAR RESOURCE CORP. FINANCIAL YEARS ENDED JUNE 30, 2023 AND 2022 (Stated in U.S. Dollars) (Audited) F-2 MICHAEL GILLESPIE & ASSOCIATES, PLLC CERTIFIED PUBLIC ACCOUNTANTS Vancouver, WA 98666 206.353.5736 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the shareholders and the board of directors of Golden Star Resource Corp. Opinion on the Financial Statements We have audited the accompanying balance sheet of Golden Star Resource Corp. as of June 30, 2023 and the related statements of operations, changes in stockholders' deficit, cash flows, and the related notes (collectively referred to as "financial statements") for the fiscal year ended June 30, 2023. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2023 and the results of its operations and its cash flows for the fiscal year ended June 30, 2023 in conformity with accounting principles generally accepted in the United States of America. The financial statements for the fiscal year ended June 30, 2022 were audited by other auditors. Those auditors expressed an unqualified opinion on those financial statements in their report dated September 28, 2022. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note #1 to the financial statements, although the Company has limited operations it has yet to attain profitability. This raises substantial doubt about its ability to continue as a going concern. Management's plan in regard to these matters is also described in Note #1. The

financial statements do not include any adjustments that might result from the outcome of this uncertainty

financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and perf

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View this 10-K/A filing on SEC EDGAR