Star Gold Corp. Files Amended 10-K for Fiscal Year Ended April 30, 2023

TL;DR

<b>Star Gold Corp. has filed an amended 10-K for its fiscal year ending April 30, 2023.</b>

AI Summary

Star Gold Corp. (SRGZ) filed a Amended Annual Report (10-K/A) with the SEC on March 15, 2024. Star Gold Corp. filed an amended 10-K for the fiscal year ended April 30, 2023. The company's fiscal year ends on April 30. The filing is dated March 15, 2024. Star Gold Corp. was formerly known as Elan Development Inc. until June 4, 2007. The company is incorporated in Nevada.

Why It Matters

For investors and stakeholders tracking Star Gold Corp., this filing contains several important signals. This amended filing provides updated financial and operational information for Star Gold Corp., crucial for investors to assess the company's current standing. The filing details the company's financial structure, including common stock, additional paid-in capital, and retained earnings, offering insights into its capital management and historical performance.

Risk Assessment

Risk Level: low — Star Gold Corp. shows low risk based on this filing. The filing is an amendment to a previous 10-K, suggesting potential corrections or additions to previously reported information, which warrants careful review but does not inherently indicate high risk.

Analyst Insight

Review the specific changes and additions in this amended 10-K filing to understand any updated financial positions or disclosures by Star Gold Corp.

Key Numbers

• 0.001 — Earnings Per Share (Diluted) (Fiscal Year 2023)
• 10,000,000 — Common Stock Shares Authorized (As of April 30, 2023)
• 97,290,810 — Common Stock Shares Outstanding (As of April 30, 2023)
• 2023-04-30 — Fiscal Year End (Reporting period)
• 2024-03-15 — Filing Date (Date of submission)

Key Players & Entities

• Star Gold Corp. (company) — Filer name
• SRGZ (company) — Ticker symbol
• Elan Development Inc (company) — Former company name
• 2023-04-30 (date) — Fiscal year end
• 2024-03-15 (date) — Filing date
• NV (location) — State of incorporation
• 10-K/A (filing) — Filing type

FAQ

Risk Factors

• Financial Statement Restatements [medium — financial]: The filing is an amendment (10-K/A), indicating potential corrections or restatements of previously issued financial information.
• Business Operations and Strategy [low — operational]: The 10-K/A provides updated details on the company's business, including its former name and incorporation state, which are relevant for understanding its operational history.

Key Dates

• 2023-04-30: Fiscal Year End — End of the reporting period for the 10-K/A filing.
• 2024-03-15: Filing Date — Date the amended 10-K was filed with the SEC.
• 2007-06-04: Name Change — Date Star Gold Corp. changed its name from Elan Development Inc.

Glossary

10-K/A

An amended annual report filed with the SEC to correct or supplement information in a previously filed 10-K. (Indicates that the company is updating previously reported annual financial and operational data.)

Key Financial Figures

• $0.001 — ECTION 12(g) OF THE ACT: Common Stock, $0.001 par value Indicate by check mark if t
• $0.01 — 10 shares of registrant's common stock, $0.01 par value, issued and outstanding. Th
• $12,000 — "NSR") Annual advance royalty payment $12,000 (1) Great Basin Resources, Inc. ("Gre
• $424,840 — 30, 2023, the Company had a net loss of $424,840 in connection with the maintenance and
• $462,500 — o 3,435,000 shares of common stock, and $462,500 of promissory notes convertible to 19,5

Filing Documents

• srgz20230430_10ka.htm (10-K/A) — 1557KB
• ex_637983.htm (EX-31.1) — 13KB
• ex_637984.htm (EX-31.2) — 12KB
• ex_637985.htm (EX-32.1) — 5KB
• ex_637986.htm (EX-32.2) — 5KB
• sg001_v1.jpg (GRAPHIC) — 265KB
• sg002_v1.jpg (GRAPHIC) — 22KB
• sg003_v1.jpg (GRAPHIC) — 30KB
• sg004_v1.jpg (GRAPHIC) — 30KB
• sg005_v1.jpg (GRAPHIC) — 31KB
• sg006_v1.jpg (GRAPHIC) — 10KB
• 0001437749-24-007942.txt (&nbsp;) — 5850KB
• srgz-20230430.xsd (EX-101.SCH) — 41KB
• srgz-20230430_cal.xml (EX-101.CAL) — 32KB
• srgz-20230430_def.xml (EX-101.DEF) — 305KB
• srgz-20230430_lab.xml (EX-101.LAB) — 253KB
• srgz-20230430_pre.xml (EX-101.PRE) — 325KB
• srgz20230430_10ka_htm.xml (XML) — 404KB

BUSINESS

BUSINESS 4 ITEM 1A. -

RISK FACTORS

RISK FACTORS 6 ITEM 1B. - UNRESOLVED STAFF COMMENTS 10 ITEM 2. -

PROPERTIES

PROPERTIES 10 ITEM 3. -

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 26 ITEM 4. - MINE SAFETY DISCLOSURES 26 PART II 26 ITEM 5. - MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 26 ITEM 6. -

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 28 ITEM 7. - MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 ITEM 7A. -

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32 ITEM 8. -

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 33 ITEM 9. - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 48 ITEM 9A. -

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 48 ITEM 9B. - OTHER INFORMATION 49 PART III 49 ITEM 10. - DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 49 ITEM 11. -

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 51 ITEM 12. -

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 52 ITEM 13. - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 53 ITEM 14. - PRINCIPAL ACCOUNTANT FEES AND SERVICES 53 PART IV 54 ITEM 15. - EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 54

SIGNATURES

SIGNATURES 56 Page 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K and the exhibits attached hereto contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statement that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as "believes", "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates", or "intends", or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: Risks related to the Company's properties being in the exploration stage; Risks related to the mineral operations being subject to government regulation; Risks related to the Company's ability to obtain additional capital to develop the Company's resources, if any; Risks related to mineral exploration and development activities; Risks related to mineral estimates; Risks related to the Company's insurance coverage f

View Full Filing

View this 10-K/A filing on SEC EDGAR