SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
FORM 10-QSB/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2004
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to _____
Commission file number: 000-27667
METALLINE MINING COMPANY
(Exact name of registrant as specified in its charter)
Nevada 91-1766677
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation)
1330 E. Margaret Ave.
Coeur d'Alene, ID 83815
(Address of principal executive offices)
Registrant's telephone number, including area code:
(208) 665-2002
Securities registered pursuant to Section 12 (b) of the Act: None
Securities registered pursuant to Section 12 (g) of the Act:
Common Stock The OTC-Bulletin Board
Title of each class Name of each exchange on which
registered.
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 as the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days. Yes [X] No [ ]
EXPLANATORY NOTE
This report has been amended for the sole purpose of restating
the Statement of Cash Flows by eliminating the item of $491,400
titled "Purchase of Investments" in CASH FLOWS FROM INVESTING
ACTIVITIES. This item was included in error and it's elimination
does not affect any other section of the Statement of Cash Flows
or any other area of the Form 10QSB. The restated Statement of
Cash Flows is included herein.
[The balance of this page has been intentionally left blank.]
Page 1
METALLINE MINING COMPANY
(AN EXPLORATION STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Period from
Six Months Ended November 8, 1993
----------------- (Inception)
April 30, April 30, through
2004 2003 April 30, 2004
(Unaudited) (Unaudited) (Unaudited)
--------- --------- ---------
Cash flows from
operating activities:
Net loss $(1,056,698) $(570,896) $(9,339,551)
Adjustments to reconcile net
loss to cash used by
operating activities:
Depreciation 25,125 24,565 220,473
Non-cash expenses 0 0 126,864
Payment of services from
issuance of stock 272,922 390,922 1,575,434
Payment of services from
issuance of options 0 0 801,892
Payment of financing fees from
issuance of stock options 0 0 276,000
Payment of expenses from
issuance of stock 0 0 326,527
Warrants issued for services 0 0 688,771
(Increases) decreases in:
Foreign property tax
refund receivable 0 59,287 0
Accounts receivable (32,925) (41,710) (32,925)
Prepaid expenses (238) 1,233 (364)
Employee advances (4,912) (2,689) (25,812)
(Increases) decreases in:
Accounts payable (78,102) 22,481 32,796
Contracts payable 0 41,198 4,209
Accrued liabilities 43,523 (192,399) 67,267
------ ---- ----
Net cash used in
operating activities (831,305) (268,008) (5,278,399)
======= ======= ========
Schedule continued on next page.
See condensed notes to the consolidated financial statements.
METALLINE MINING COMPANY
(AN EXPLORATION STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(continued)
Period from
Six Months Ended November 8, 1993
----------------- (Inception)
April 30, April 30, through
2004 2003 April 30, 2004
(Unaudited) (Unaudited) (Unaudited)
--------- --------- ---------
Net cash used by
operating activities (831,305) (268,008) (5,278,399)
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase of investments 0 0 (484,447)
Proceeds from investments 0 0 484,447
Equipment purchases (201,081) 0 (657,548)
Mining property acquisitions 0 0 (4,452,631)
------- ------ ---------
Net cash used by investing
activities (201,081) 0 (5,110,179)
------- ------ ---------
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from sales of
common stock 6,879,850 209,917 15,902,021
Proceeds from sales of
options and warrants 0 583 949,890
Deposits for sale of stock 38,000 0 125,500
Proceeds from
shareholders loans 0 0 30,000
------- ------ -------
Net cash provided by
financing activities: 6,917,850 210,500 17,007,411
------- ------- ---------
Net increase (decrease)
in cash 5,885,464 (57,508) 6,618,833
Cash beginning of period 733,369 216,363 0
------- ------- --------
Cash at end of period $6,618,833 $158,855 $6,618,833
====== ======= ======
See condensed notes to the consolidated financial statements.
F/S 9/A
SIGNATURES
In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
METALLINE MINING COMPANY
Date: September 7, 2004
By: /s/ Wayne L. Schoonmaker
---------------
Wayne Schoonmaker, its
Principal Accounting Officer