Form 10-Q Spire Technologies Inc.

10-Q - Quarterly report [Sections 13 or 15(d)]

Published: 2011-08-11 12:55:09
Submitted: 2011-08-11
Period Ending In: 2011-06-30
dmi10q-6302011.htm DRAVCO MINING INC. FORM 10-Q (6/30/2011).


dmi10q-6302011.htm






UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[X]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2011
 
 
OR
 
 
 
[   ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 000-50664

DRAVCO MINING INC.
(Exact name of registrant as specified in its charter)

NEVADA
(State or other jurisdiction of incorporation or organization)

Unit 404-#101- 1865 Dilworth Drive
Kelowna, British Columbia
Canada   V1Y 9T1
 
(Address of principal executive offices, including zip code.)

1-888-437-5268
(telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 last 90 days.
YES [X]   NO [   ]

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,” “non-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).
YES [X]   NO [  ]

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 18,000,000 as of August 8, 2011.





 
 

 


PART I – FINANCIAL INFORMATION

ITEM 1.         FINANCIAL STATEMENTS.

 
Balance Sheets (Unaudited)
F-1
 
Statements of Expenses (Unaudited)
F-2
 
Statements of Cash Flows (Unaudited)
F-3
 
Notes to Unaudited Financial Statements
F-4











































2

 
 

 

Dravco Mining Inc.
(A Development Stage Company)
Balance Sheets
(Unaudited)


 
 
June 30,
 
 
December 31,
 
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
Cash
 
$
553
 
 
$
18,806
 
Total Assets
 
 
553
 
 
 
18,806
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ DEFICIT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
Accounts payable
 
$
11,668
 
 
$
6,740
 
Due to a stockholder
 
 
35,627
 
 
 
45,892
 
Total liabilities
 
 
47,295
 
 
 
52,632
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STOCKHOLDERS’  DEFICIT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock
 
 
 
 
 
 
 
 
100,000,000 shares authorized, with a $0.00001 par value,
18,000,000 shares issued and outstanding
 
 
180
 
 
 
180
 
Additional Paid-in capital
 
 
204,070
 
 
 
203,470
 
Deficit accumulated during the development stage
 
 
(250,992
)
 
 
(237,476
)
 
 
 
 
 
 
 
 
 
Total Stockholders’ Deficit
 
 
(46,742
)
 
 
(33,826
)
 
 
 
 
 
 
 
 
 
Total Liabilities and Stockholders’ Deficit
 
$
553
 
 
$
18,806
 










The accompanying notes are an integral part of these unaudited financial statements

F-1

3

 
 

 

Dravco Mining Inc.
(A Development Stage Company)
Statements of Expenses (Unaudited)


 
 
Three Months
Ended
June 30,
 
 
Six Months
Ended
June 30,
 
 
For the Period From
September 20,
2000 (inception)
 
 
 
2011
 
 
2010
 
 
2011
 
 
2010
 
 
to June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EXPENSES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consulting fees
 
$
 
 
$
 
 
$
 
 
$
 
 
$
2,500
 
Mineral property costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8,370
 
Office and administrative
 
 
1,087
 
 
 
1,185
 
 
 
2,313
 
 
 
2,799
 
 
 
52,992
 
Professional fees
 
 
1,500
 
 
 
1,700
 
 
 
7,000
 
 
 
8,500
 
 
 
145,078
 
Transfer agent and filing fees
 
 
330
 
 
 
514
 
 
 
4,203
 
 
 
4,312
 
 
 
39,233
 
Travel
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2,819
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Expenses
 
 
2,917
 
 
 
3,399
 
 
 
13,516
 
 
 
15,611
 
 
 
250,992
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET LOSS
 
$
(2,917
)
 
$
(3,399
)
 
$
(13,516
)
 
$
(15,611
)
 
$
(250,992
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NET LOSS PER COMMON SHARE
– BASIC AND DILUTED
 
$
(0.00
)
 
$
(0.00
)
 
$
(0.00
)
 
$
(0.00
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
 
 
18,000,000
 
 
 
18,000,000
 
 
 
18,000,000
 
 
 
18,000,000
 
 
 
 
 























The accompanying notes are an integral part of these unaudited financial statements

F-2

4

 
 

 

Dravco Mining Inc.
(A Development Stage Company)
Statements of Cash Flows (Unaudited)


 
 
Six Months
Ended June 30,
 
 
Six Months
Ended June 30,
 
 
For the Period From
September 20,
2000 (inception)
 
 
 
2011
 
 
2010
 
 
to June 30, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OPERATING ACTIVITIES
 
 
 
 
 
 
 
 
 
Net loss
 
$
(13,516
)
 
$
(15,611
)
 
$
(250,992
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjustment to reconcile net loss to net cash
   used in operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
Donated rent
 
 
600
 
 
 
600
 
 
 
4,200
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in operating assets and liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
 
4,928
 
 
 
883
 
 
 
11,668
 
Net Cash Used in Operating Activities
 
 
(7,988
)
 
 
(14,128
)
 
 
(235,124
)
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
 
 
Due to stockholder
 
 
(10,265
)
 
 
-
 
 
 
35,627
 
Proceeds from sale of stock
 
 
-
 
 
 
-
 
 
 
200,050
 
Net Cash Provided by (used in) Financing Activities
 
 
(10,265
)
 
 
-
 
 
 
235,677
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CHANGE IN CASH
 
 
(18,253
)
 
 
(14,128
)
 
 
553
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash-Beginning of Period
 
 
18,806
 
 
 
14,739
 
 
 
-
 
Cash-End of Period
 
$
553
 
 
$
611
 
 
$
553
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosures
 
 
 
 
 
 
 
 
 
 
 
 
Interest paid
 
$
-
 
 
$
-
 
 
$
-
 
Income taxes paid
 
$
-
 
 
$
-
 
 
$
-
 
















The accompanying notes are an integral part of these unaudited financial statements

F-3

5

 
 

 


Dravco Mining Inc.
(A Development Stage Company)
Notes to the Unaudited Financial Statements
June 30, 2011


1.     Basis of Financial Statement Presentation

The accompanying unaudited interim financial statements of Dravco Mining Inc. (the “Company”) have been prepared in accordance with the accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Dravco’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent year, 2010, as reported in Form 10-K, have been omitted. Operating results for the six months ended June 30, 2011 are not necessarily indicative of the results that may be expected for the year ending December 31, 2011.


2.     Going Concern

As of June 30, 2011, the Company has never generated any revenues, and has accumulated losses since inception. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon the ability of the Company to meet financial requirements, raise additional capital; which will likely involve the issuance of debt and/or equity securities, and to identify any new business opportunities.


3.     Related Party Transactions

As of June 30, 2011, the President of the Company is owed $35,627 for expenses paid on behalf of the Company.  The amount due is unsecured, non-interest bearing and due on demand.

During the six month period ending June 30, 2011, the President has provided office space to the Company for $600 which was recorded as donated capital.











F-4

6

 
 

 

ITEM 2.         MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  These statements relate to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.  In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars.  All references to “common shares” refer to the common shares in our capital stock.

As used in this quarter report the terms “we”, “us”, “our”, and the “Company” means Dravco Mining Inc., unless otherwise indicated.

General

We were incorporated in the State of Nevada on September 20, 2000 as Dundee Mining Inc.  On October 2, 2002 the Company changed its name to Dravco Mining Inc.  To date, our only activities have been directed at raising our initial capital and developing our business plan.

We are a development stage corporation and have not yet generated or realized any revenues from our business operations.  Our auditors have issued a going concern opinion.  This is because we have not generated any revenues from our business operations and we expect to generate operating losses during some or all of our planned development stages, which raises substantial doubt about our ability to continue as a going concern. Accordingly, we will need to raise cash from sources other than internal revenues.

Our original plan of operation was to prospect for gold in the Nickel Plate Mountain area of Hedley, Osoyoos Mining Division, British Columbia, Canada.  Due to our failure to commence our exploration work on a timely basis our original geologist was unavailable to do work for us.  Our continued search for a new geologist was not successful. We continued to hold the property until September 2008, but at the time of renewal decided that it was in our best interest to forfeit the mineral claims due to the costs associated with maintaining title to the claims.  As a result, we have been exploring alternative business opportunities.

Limited Operating History; Need for Additional Capital

There is limited historical financial information about Dravco Mining Inc. upon which to base an evaluation of our performance.  We are a development stage corporation and have not generated any revenues from operations.

Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible delays in the exploitation of new business opportunities.  Furthermore, we may fail to adopt a business model and strategize effectively or fail to revise our business model and strategy should industry conditions and competition change. We have limited resources and there is no assurance that future financing will be available to our Company on acceptable terms. These conditions could further impact our business and have an adverse effect on our financial position, results of operations and/or cash flows
.

7

 
 

 

We cannot guarantee we will be successful in our business operations. Any new business opportunities will likely require additional capital.  As of June 30, 2011 we had cash resources of $553 and total liabilities of $47,295 for a working capital deficit of $46,742.  We do not have enough money to meet our cash requirements for the next twelve months, as we have yet to commence operations and have not generated any revenues and there can be no assurance that we can generate significant revenues from operations.

During the next twelve months we expect to incur indebtedness for administrative and professional charges associated with preparing, reviewing, auditing and filing our financial statements and our periodic and other disclosure documents to maintain the Company in good standing. The Company’s management is exploring a variety of options to meet the Company’s cash requirements and future capital requirements, including the possibility of equity offerings, debt financing and business combinations. At the present date, we have not made any plans to raise additional capital and there is no assurance that we will be able to raise additional capital in the future. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations.  Equity financing could result in additional dilution to existing shareholders.

Plan of Operations

Our original plan of operation was to prospect for gold. Due to our failure to commence our exploration work on a timely basis our original geologist was no longer available to do work for us.  Our search for a new geologist was not successful and as a result, we decided to explore alternative business opportunities.

Our plan of operation of for the next three months will be to: (i) consider guidelines of industries in which the Company may have an interest; (ii) adopt a business plan regarding engaging in business in any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a “going concern” engaged in any industry selected.

Results of Operations

For the six months ended June 30, 2011 compared to June 30, 2010 and for the three months ended June 30, 2011 compared to June 30, 2010

For the six months ended June 30, 2011 and 2010:
We had a net loss of $13,516 for the six months ended June 30, 2011 compared to a net loss of $15,611 for the six month period ended June 30, 2010.  Operating expenses were $13,516 and $15,611 for the periods ended June 30, 2011 and 2010, respectively.  In the six months ended June 30, 2011, operating expenses decreased by $2,095.  The decrease was attributable to a decrease in audit fees in 2011 over the same period in 2010, as well as a minor decrease in general office expenses as compared to the 2010 period.

For the three months ended June 30, 2011 and 2010:
We had a net loss of $2,917 for the three months ended June 30, 2011 compared to a net loss of $3,399 for the period ended June 30, 2010.  Operating expenses were $2,917 and $3,399 for the three month periods ended June 30, 2011 and 2010, respectively.  In the three months ended June 30, 2011, operating expenses decreased by $482 as result of an overall decrease in operating expenses.

During the period ended June 30, 2011, much of the Company’s resources were directed at maintaining the Company in good standing and identifying new business opportunities.  To date, the Company has not identified any new business opportunities and has no agreements related to such opportunities.

As of the date of this report, we have not generated any revenues.  As a result, we have generated significant operating losses since our formation and expect to incur substantial losses and negative operating cash flows for the foreseeable future as we attempt to expand our infrastructure and development activities. Our ability to continue may prove more expensive than we currently anticipate and we may incur significant additional costs and expenses.


8

 
 

 

Liquidity and Capital Resources

At June 30, 2011, we had total assets of $553, comprised solely of cash.  Our liabilities were $47,295, resulting in a working capital deficit of $46,742, compared to $18,806 in total assets and total liabilities of $52,632 for the year ended December 31, 2010.

Total liabilities for the period ended June 30, 2011 were comprised of accounts payable items for accounting and administrative fees, transfer agent fees and the loan payable to our President; Rodney Lozinski; while total liabilities for the year ended December 31, 2010 consisted of accounts payable items for accounting and administrative fees, general office expenses, transfer agent fees and the loan payable to Mr. Lozinski.

We incurred a loss of $13,516 for the six months ended June 30, 2011 and we have incurred an aggregate deficit since inception of $250,992.   Our ability to meet our financial liabilities and commitments is primarily dependent upon the continued financial support of our President and stockholders, the continued issuance of equity to new stockholders and our ability to achieve and maintain profitable operations.

Since inception, we have used our common stock to raise money for the mineral property acquisition, for corporate expenses and to repay outstanding indebtedness.  Net cash provided by the sale of shares from inception on September 20, 2000 to June 30, 2011 was $200,050.  To date, our President has advanced a total of $35,627 to us for working capital.  This advance will need to be repaid once funds are available.  There can be no assurance that he will continue to advance funds as required or that methods of financing will be available or accessible on reasonable terms.

We do not believe we have enough money to meet our cash requirements for the next twelve months, as we have yet to commence operations and have not generated any revenues and there can be no assurance that we can generate significant revenues from operations.  During the next twelve months we expect to incur indebtedness for administrative and professional charges associated with preparing, reviewing, auditing and filing our financial statements and our periodic and other disclosure documents to maintain the Company in good standing.

We presently operate with minimum overhead costs and need to raise additional capital to fund any future plan of operation. The Company’s management is exploring a variety of options to meet the Company’s cash requirements and future capital requirements, including the possibility of equity offerings, debt financing and business combinations. There can be no assurance that the Company will be able to raise additional capital, and if the Company is unable to raise additional capital, it will unlikely be able to continue as a going concern.

Going Concern Uncertainties

As of the date of this report, there is doubt regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our business operations and loan commitments.    The financial statements included in this quarterly report have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its obligations in the normal course of business.  If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements.

Our future success and viability, therefore, are dependent upon our ability to generate capital financing.  The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon the Company and our shareholders.

Off Balance Sheet Arrangements

We have no off balance sheet arrangements.

9

 
 

 

Critical Accounting Policies

There have been no material changes in our existing accounting policies and estimates from the disclosures included in our 2010 Form 10-K, except for the newly adopted accounting policies as disclosed in the interim financial statements.

ITEM 3.         QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.         CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures are not effective since the following material weaknesses exist:

 
(i)
The Company’s management is relying on external consultants for purposes of preparing its financial reporting package; the company’s sole officer may not be able to identify errors and irregularities in the financial reporting package before its release as a continuous disclosure document.

 
(ii)
As the Company is governed by one officer who is also the only director, there is an inherent lack of segregation of duties and lack of independent governing board. Currently the Board of Directors acts in the capacity of the Audit Committee.

 
(iii)
The Company does not have standard procedures in place to ensure that the financial statements agree to the underlying source documents and accounting records, that all of its transactions are completely reflected in the financial statements.
 
 
(iv)
There are no controls in place to ensure that expenses are recorded when incurred, as opposed to when invoices are presented by suppliers, increasing the risk of incomplete expenses and accrued liabilities.

Once the Company is engaged in a business of merit and has sufficient personnel available, our Board of Directors will nominate an audit committee and audit committee financial expert and we will appoint additional personnel to assist with the preparation of our financial statements; which will allow for proper segregation of duties as well as additional manpower for proper documentation.

Changes in Internal Controls

There were no changes in our internal control over financial reporting during the quarter ended June 30, 2011 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 







10

 
 

 

PART II. OTHER INFORMATION

ITEM 1.         LEGAL PROCEEDINGS.

We know of no material, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceedings or pending litigation.  There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 2.         UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.         DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 5.         OTHER INFORMATION.

None.

ITEM 6.         EXHIBITS.

The following documents are included herein:

Exhibit No.
Document Description
 
 
31.1
Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended.
 
 
32.1
Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).




















11

 
 

 


SIGNATURES

In accordance with Section 13 or 15 (d) of the Exchange Act, the registrant caused this report to be signed on behalf by the undersigned, thereto duly authorized on this 8
th
day of August 2011.

 
DRAVCO MINING INC.
 
(Registrant)
 
 
 
 
BY:
RODNEY LOZINSKI
 
 
Rodney Lozinski
 
 
President, Principal Executive and Principal Financial Officer, Treasurer/Secretary, Principal Accounting Officer, and sole member of the Board of Directors







































12

 
 

 


EXHIBIT INDEX

Exhibit No.
Document Description
 
 
31.1
Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-15(e) and 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended.
 
 
32.1
Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).











































13

 
 

 

exh31-1.htm SARBANES-OXLEY 302 CERTIFICATION.


exh31-1.htm


EXHIBIT 31.1

SECTION 302 CERTIFICATION

I, Rodney Lozinski, certify that:

1.  
I have reviewed this quarterly report on Form 10-Q of DRAVCO MINING INC.;

2.  
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  
Based on my knowledge, the financial statement, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  
I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.  
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.  
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.  
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.  
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.  
I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):

a.  
all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.  
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

DATE:  August 8, 2011
RODNEY LOZINSKI
 
Rodney Lozinski
 
Principal Executive and Principal Financial Officer


 
 

 

exh32-1.htm SARBANES-OXLEY 906 CERTIFICATION.


exh32-1.htm


EXHIBIT 32.1



CERTIFICATION PURSUANT TO
18 U.S.C SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DRAVCO MINING INC. (the “Company”) on Form 10-Q for the period ended June 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Rodney Lozinski, Chief Executive and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)  
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)  
The information contained in this Report fairly presents, in all material aspects, the financial condition and results of operations of all the Company.



 
RODNEY LOZINSKI
 
Rodney Lozinski
 
Chief Executive and Chief Financial Officer
 
August 8, 2011





 
 
 
 
 

 


 
 

 

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dvco-20110630_def.xml 7 XBRL TAXONOMY EXTENSION -DEFINITIONS. EX-101.DEF 36678
dvco-20110630_lab.xml 8 XBRL TAXONOMY EXTENSION - LABELS. EX-101.LAB 52083
dvco-20110630_pre.xml 9 XBRL TAXONOMY EXTENSION - PRESENTATION. EX-101.PRE 41141

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