Golden Star Resource Corp. Files 2024 10-K

TL;DR

GSR filed its 2024 10-K. All systems go for metal ores.

AI Summary

Golden Star Resource Corp. filed its 10-K for the fiscal year ending June 30, 2024. The company, incorporated in Nevada and headquartered in Las Vegas, NV, operates in the miscellaneous metal ores sector. The filing provides financial data and operational details for the period.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Golden Star Resource Corp.'s financial health and operational performance for the fiscal year ending June 30, 2024.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing header and does not contain information that would indicate a specific risk level.

Key Numbers

• 2024-06-30 — Fiscal Year End (End date of the reporting period)
• 2023-06-30 — Prior Fiscal Year End (Comparison point for financial data)
• 2022-06-30 — Previous Fiscal Year End (Further historical financial data reference)

Key Players & Entities

• Golden Star Resource Corp. (company) — Filer of the 10-K
• 0001375348 (company) — Central Index Key for Golden Star Resource Corp.
• NV (state) — State of incorporation and business address
• Las Vegas (city) — Business address city
• 500 NORTH RAINBOW BLVD (address) — Business street address
• 0630 (date) — Fiscal year end
• 20240630 (date) — Conformed period of report
• 20240925 (date) — Filed as of date

FAQ

Key Financial Figures

• $1.000 — ant on the OTC Bulletin Board system of $1.000. 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 $132,249
• $132,249 — $107,060. We have used proceeds (net of $132,249 accounts payable and accrued liabilitie
• $284,058 — counts payable and accrued liabilities, $284,058 loan payable and $405,546 due to relate
• $405,546 — liabilities, $284,058 loan payable and $405,546 due to related parties) for the followi
• $306,358 — to related parties) for the following: $306,358 for professional fees, $49,500 for admi
• $49,500 — lowing: $306,358 for professional fees, $49,500 for administration, $98,359 for consult

Filing Documents

• form10-k.htm (10-K) — 609KB
• 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
• 0001493152-24-038066.txt ( ) — 2101KB
• glns-20240630.xsd (EX-101.SCH) — 12KB
• glns-20240630_cal.xml (EX-101.CAL) — 18KB
• glns-20240630_def.xml (EX-101.DEF) — 38KB
• glns-20240630_lab.xml (EX-101.LAB) — 151KB
• glns-20240630_pre.xml (EX-101.PRE) — 114KB
• form10-k_htm.xml (XML) — 104KB

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-8 - F-9 F-1 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2024 AND 2023 (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, 2024 and 2023 and the related statements of operations, changes in stockholders' deficit, cash flows, and the related notes (collectively referred to as "financial respects, the financial position of the Company as of June 30, 2024 and 2023 and the results of its operations and its cash flows for the fiscal years then ended. 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 performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the a

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