UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549


FORM 10-Q


QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2011


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 000-51700


URANIUM HUNTER CORPORATION

(Exact name of Registrant as Specified in its Charter)


Nevada                                                                                                         N/A

(State or Other Jurisdiction                                                                               (I.R.S. Employer

of Incorporation or                                                                                         Identification

Organization)                                                                                                Number)


First Canadian Place                                                                                        M5X 1K7

100 King Street West, Suite 5700                                                                              (Zip Code)

Toronto, Ontario, Canada

(Address of Principal Executive Offices)


(416) 915-4257

(Registrant’s Telephone Number, Including Area Code)


Not applicable

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)


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 that 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


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 definition of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):



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 by 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 stock, as of the latest practicable date: no par value per share: 422,591,100 outstanding as of December 31, 2011.




URANIUM HUNTER CORPORATION TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION                                                                                                                                                      Page


Item 1.  Financial Statements                                                                                                                                                                    1

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                    14

Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                                                                                   18

Item 4T. Controls and Procedures                                                                                                                                                             18


PART II - OTHER INFORMATION


Item 1.  Legal Proceedings                                                                                                                                                                      19

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                    19

Item 3.  Default upon Senior Securities                                                                                                                                                   19

Item 4.  Submission of Matters to a Vote of Security Holders                                                                                                                19

Item 5.  Other Information.                                                                                                                                                                      19

Item 6.  Exhibits.


SIGNATURES                                                                                                                                                                                                    20


i






PART1-FINANCIAL INFORMATION



Item 1. Financial Statements




URANIUM HUNTER CORPORATION


(AN EXPLORATION STAGE MINING COMPANY) I I NTERIM CONSOLIDATED FINANCIAL STATEMENTS December 31, 2011

(Amounts expressed in US Dollars) (Unaudited -Prepared by Management )





CONTENTS



Interim Consolidated Balance Sheets as of December 31, 2011 (unaudited) and September 30, 2011 (unaudited) (audited)

2

Interim Consolidated Statements of Operations for the three months ended December 31, 2011 and December 31, 2010 and period

from the inception of exploration (January 1, 2007) to December 31, 2011 (unaudited) .


3

Interim Consolidated Statements of Changes in Stockholders' Deficiency for the three months ended December 31, 2011 and year ended

September 30, 2011.       (unaudited)                                               4                                                                                                                                         4

Interim Consolidated Statements of Cash Flows for the three months ended December 31, 2011 and December 31, AND and 2010 and from inception of

exploration (January 1, 2007) to December 31, 2011.   (unaudited)                                                                                              5                                             5

Condensed Notes to unaudited Interim Consolidated Financial Statements                                                                                                             6 -13
























1








URANIUM HUNTER CORPORATION

 

 

 

 

 

(AN EXPLORATION STAGE MINING COMPANY)

 

 

CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

(EXPRESSED IN U.S. DOLLARS)

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31,

SEPTEMBER 30,

 

 

 

 

 

 

 

 2011

 2011

 

 

 

 

 

 

 

 (Unaudited)

 (Audited)

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 $                        -   

 $                        -   

 

 

 

 

 

 

 

 

 

Total Current Assets

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

PLANT AND EQUIPMENT, NET

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

 

 

 

 

 $                        -   

 $                        -   

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

 

 

 

 $                        -   

 $                        -   

 

 

 

 

 

 

 

 

 

Total Current Liabilities

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

450,000,000 6,000,000,000 common shares, authorized, par value $0.001

 

 

 

 

 

 - issued and fully paid, 422,591,100 (September 30, 2011 - 22,591,100)

 

                  422,591

                    22,591

 

 

 

 

 

 

 

 

 

Additional paid-in capital

 

 

 

 

 

                  680,293

               1,040,293

 

 

 

 

 

 

 

 

 

DEFICIT ACCUMULATED DURING EXPLORATION STAGE

 

             (1,102,884)

             (1,062,884)

 

 

 

 

 

 

 

 

 

Total Stockholders' Equity

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 $                        -   

 $                        -   


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







URANIUM HUNTER CORPORATION

 

 

 

 

(AN EXPLORATION STAGE MINING COMPANY)

 

CONSOLIDATED INTERIM STATEMENT OF OPERATIONS

 

(AMOUNTS EXPRESSED IN U.S. DOLLARS)

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED

 

 

 

 

 

 

DECEMBER 31,

 

 

 

 

 

 

2011

2010

 

 

 

 

 

 

 

 

REVENUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES

 

 

 

 

 

 

General and administrative

 

 

 

 

                    40,000

                           -   

Project expenses

 

 

 

 

                           -   

                           -   

Amortization

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Total Operating Expenses

 

 

 

 

                    40,000

                           -   

 

 

 

 

 

 

 

 

LOSS FROM OPERATIONS

 

 

 

                  (40,000)

                           -   

 

 

 

 

 

 

 

 

OTHER ITEMS

 

 

 

 

 

 

Loss on disposal of plant and equipment

 

 

 

                           -   

                           -   

Gain on reduction in debt

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

NET LOSS

 

 

 

 

 

 $               (40,000)

 $                        -   

 

 

 

 

 

 

 

 

WEIGHTED AVERAGE NUMBER OF SHARES

 

 

 

 

    OUTSTANDING

 

 

 

 

             59,851,374

             22,591,100

 

 

 

 

 

 

 

 

NET LOSS PER SHARE - BASIC AND DILUTED

 

 

 $               (0.0007)

 $                        -   




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







URANIUM HUNTER CORPORATION

 

 

 

 

(AN EXPLORATION STAGE MINING COMPANY)

 

 

 

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

 

 

PERIOD ENDED FROM SEPTEMBER 30, 2009 TO DECEMBER 31, 2011

 

 

 

(AMOUNTS EXPRESSED IN U.S. DOLLARS)

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDITIONAL

 

 

 

 

 

 

COMMON STOCK

PAID-IN

ACCUMULATED

 

 

 

 

 

NUMBER

AMOUNT

CAPITAL

DEFICIT

TOTALS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances - September 30, 2009

 

         7,450,000

 $             7,450

 $      1,036,743

 $       (1,044,193)

 $                   -   

(Audited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock issued for services

 

 

       18,691,100

              18,691

                      -   

                         -   

              18,691

 

 

 

 

 

 

 

 

 

Stock returned to treasury

 

 

        (3,550,000)

               (3,550)

                3,550

                         -   

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

 

                      -   

                      -   

                      -   

               (18,691)

             (18,691)

 

 

 

 

 

 

 

 

 

Balances - September 30, 2010

 

       22,591,100

              22,591

         1,040,293

          (1,062,884)

                      -   

(Audited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

 

                      -   

                      -   

                      -   

                         -   

                      -   

 

 

 

 

 

 

 

 

 

Balances - September 30, 2011

 

       22,591,100

              22,591

         1,040,293

          (1,062,884)

                      -   

(Audited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock issued for services

 

 

     400,000,000

            400,000

           (360,000)

                         -   

              40,000

 

 

 

 

 

 

 

 

 

Net loss

 

 

 

                      -   

                      -   

                      -   

               (40,000)

             (40,000)

 

 

 

 

 

 

 

 

 

Balances - December 31, 2011

 

     422,591,100

 $         422,591

 $         680,293

 $       (1,102,884)

 $                   -   

(Unaudited)

 

 

 

 

 

 

 

 






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








URANIUM HUNTER CORPORATION

 

 

 

 

(AN EXPLORATION STAGE MINING COMPANY)

 

INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

 

(AMOUNTS EXPRESSED IN U.S. DOLLARS)

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED

 

 

 

 

 

 

DECEMBER 31,

 

 

 

 

 

 

2011

2010

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities

 

 

 

 

 

Net loss

 

 

 

 

 

 $               (40,000)

 $               (10,051)

Adjustments to reconcile net loss to net cash

 

 

 

 

 

   used in operating activities

 

 

 

 

 

 

   Depreciation

 

 

 

 

                           -   

                           -   

   Loss on disposal of assets

 

 

 

 

                           -   

                           -   

   Stock issued for services

 

 

 

 

                    40,000

                    10,051

   Net adjustment for discontinued operations

 

 

 

                           -   

                           -   

Changes in assets and liabilities

 

 

 

 

 

   Prepaid expenses

 

 

 

 

 

 

   Accounts payable and accrued liabilities

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Net cashed provided by(used in) operating activities

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

  Acquisition of plant and equipment

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Net cash used in investing activities

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities

 

 

 

 

 

  Stock subscriptions received

 

 

 

 

                           -   

                           -   

  Loan repayment from related parties

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Net Change in Cash

 

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Cash and equivalents - Beginning of Period

 

 

 

                           -   

                           -   

 

 

 

 

 

 

 

 

Cash and equivalents - End of Period

 

 

 

 $                        -   

 $                        -   

 

 

 

 

 

 

 

 



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







URANIUM HUNTER CORPORATION.

(A EXPLORATION STAGE MINING COMPANY)

Notes to Condensed Consolidated Interim Financial Statements

December 31, 2011

(Unaudited)

(Amounts expressed in US Dollars)

 

1.        Basis of Presentation


The accompanying unaudited financial statements do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of recurring accruals) considered necessary for fair presentation have been included. Operating results for the interim period are not necessarily indicative of the results that may be expected for the year ended September 30, 2012. Interim financial statements should be read in conjunction with the company’s annual audited financial statements for the year ended September 30, 2011.


Effective February 1, 2007, the Board of Directors changed the name of the corporation from “Brownsville Company” to “Uranium

Hunter Corporation”.


The consolidated financial statements include the accounts of Uranium Hunter Corporation (the “Company”) and its wholly owned subsidiary Uranium Hunter Corporation (Ontario) (Formerly Brownsville Exploration Inc.) in Canada (“BEI”). All material inter- company accounts and transactions have been eliminated.


Basis of Accounting:


The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States. In the opinion of management, these interim financial statements include all of the adjustments necessary to make them not misleading. The financial statements have, in management's opinion, been properly prepared within the framework of the significant accounting policies summarized below:


Cash and Cash Equivalents :


The Company considers all highly liquid debt instruments, purchased with an original maturity of three months or less, to be cash equivalents.



Use of Estimates:


These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of assets and liabilities, and correspondingly revenues and expenses, depends on future events, the preparation of financial statements for any period necessarily involves the use of estimates and assumption an example being assumptions in valuation of stock options. Actual amounts may differ from these estimates. These financial statements have, in management's opinion, been properly prepared within reasonable limits of materiality and within the framework of the accounting policies.

Net Loss Per Share:


The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, “Earnings per Share”. Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.  As of December 31, 2011 and September 30, 2011, there were no common stock equivalents or options outstanding.


Stock-Based Compensation:


The Company accounts for share-based compensation under the fair value recognition provisions such that compensation cost is measured at the grant date based on the value of the award and is expensed ratably over the vesting period. Determining the fair value of share-based awards at the grant date requires judgment, including estimating the percentage of awards which will be forfeited, stock volatility, the expected life of the award, and other inputs. If actual forfeitures differ significantly from the estimates, share-based compensation expense and the Company's results of operations could be materially impacted.


The Company may also issue restricted stock to consultants for various services. Cost for these transactions are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.  The value of the common stock is measured at the earlier of (i) the date at which a firm commitment for performance by the counterparty to earn the equity instruments is reached or (ii) the date at which the counterparty's performance is complete.   The Company recognizes these






service expenses and a corresponding increase to additional paid-in-capital related to stock issued for services.  When stock is issued as payment for past services provided, accordingly, all shares issued are fully vested, and there is no unrecognized compensation associated with these transactions.  If stock is issued in advance of service performance expense is recognized ratably over the requisite service period.


For the three months ended December 31, 2011 there was stock-based compensation of $40,000.  As of December 31, 2011 there was $Nil of unrecognized expense related to non-vested stock-based compensation arrangements granted.


Related Parties:


The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.  


Commitments and Contingencies:


The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies.  Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.  There were no commitments or contingencies as of December 31, 2011 and September 30, 2011.


Share-based Expenses:


ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options,  and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).  


The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “Equity – Based Payments to Non- Employees.”  Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or


(b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.  


There were stock-based expenses for the three months ended December 31, 2011 and for the year ended September 30, 2011 there was no stock based expenses.


Recently Implemented Standards:


From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption.



Fair Value of Financial Instruments:


The Company adopted the provisions of Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:


Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.


Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.


Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.






2.        Nature of Operations and Going Concern


Nature of operations


Uranium Hunter Corporation (formerly Brownsville Company) was incorporated in the State of Nevada on September 4, 2003. The Company’s operation began in May 2004. Since inception, the Company operated a boat launch and convenience store. In July 2006, the Company entered into a letter of intent to acquire a uranium mining property in Tanzania. In November 2006, the Company sold the assets related to the boat launch and convenience store.

Effective January 1, 2007 the Company has changed its primary operation from operating a boat launch to mining exploration.


Going Concern


The Company is now an exploration stage mining company and has not realized any revenues from its operations. It is primarily engaged in the acquisition, exploration and development of uranium mining properties in Africa.


The  Company's financial  statements are  presented on  a  going  concern  basis,  which  contemplates the  realization of  assets  and satisfaction of liabilities in the normal course of business. The Company has no source for operating revenue and expects to incur significant expenses before establishing operating revenue. The Company has a need for equity capital and financing for working capital and exploration of its properties. Because of continuing operating losses, negative working capital and cash outflows from operations, the Company’s continuance as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operation. The Company’s future success is dependent upon its continued ability to raise sufficient capital, not only to maintain its operating expenses, but to explore for uranium reserves. There is no guarantee that such capital will continue to be available on acceptable terms, if at all or if the Company will attain profitable levels of operation. Management’s plans to mitigate these conditions are described below.


The Company is in the exploration stage and has not yet realized revenues from its planned operations. The Company has incurred a loss of $40,000 for the three month period ended December 31, 2011. At December 31, 2011, the Company had an accumulated deficit of $1,102,884. The Company has funded operations through the issuance of capital stock.   Management's plan is to continue raising additional funds through future equity or debt financing until it acquires a business or asset that will generate revenue.


3.        Subsequent Events


Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure.




3.            Federal Income Taxes:


The Company accounts for income taxes under the asset and liability method, whereby deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax basis of existing assets and liabilities.


Deferred  income  taxes  reflect  the  net  tax  effects  of  temporary differences  between the carrying amounts of assets and liabilities for financial  statement  purposes  and the  amounts  used for  income  tax purposes.   Significant   components of the Company's deferred tax liabilities and assets as of December 31, 2011 are as follows:


 Deferred tax assets:

                   Federal and state net operating loss        

$   1,102,884

                   Equity instruments issued for compensation

            -

  

                                                                

   

             Total deferred tax assets                

    1,102,884

                   Less valuation allowance                        

   (1,102,884)

                                                                    $          ====


4.        Capital Stock


Authorized:           450,000,000 common shares $0.001 par value

Issued:                   422,591,100 common shares $0.001 par value



5.            Recently Issued Accounting Pronouncements :







From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our financial position or results of operations upon adoption.


Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the  FASB Accounting Standards Codification™  (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.









Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations


The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto contained elsewhere in this Form 10-Q.


Forward-Looking Statements


This discussion contains forward-looking statements that involve risks and uncertainties. All statements regarding future events, our future financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In many cases, you can identify forward-looking statements by terminology, such as “may”, “should”, “expects”, “intends”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions. Known and unknown risks, uncertainties and other factors could cause our actual results to differ materially from those projected in any forward-looking statements. We do not intend to update these forward-looking statements.


Overview


Uranium Hunter Corporation, a Nevada corporation (referred to herein as the “Company”, “we”, “us” and “our”) was incorporated on September 4, 2003 under the name Brownsville Company in order to operate a boat launch, parking lot, marina and convenience store. We operated such business until November 16, 2006 on which date it was sold to Fraser River Metals Depot Inc.


At present the Company has had limited operations and is seeking a suitable business opportunity


Results of Operations


We are now an exploration stage mining company and have not realized any revenues from such operations. We were incorporated in September 2003 in order to operate a boat launch, parking lot, marina and convenience store. We operated such business until November 16, 2006 on which date it was sold to Fraser River Metals Depot Inc. Prior year figures have been reclassified in the balance sheet, income statement and the statement cash flows to reflect the operations of the boat launch and convenience store business as discontinued operations.


Our financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. There are certain conditions prevailing which cast substantial doubt as to the validity of using the going concern assumption.


Total operating expenses were $40,000 and $nil for the three months ended December 31, 2011 and December 31, 2010 respectively. Cumulatively since inception of exploration, we had total operating expenses of $1,213,143. General and administrative expenses were $40,000 and $nil for the three months ended December 31, 2011 and December 31, 2010 respectively.


Liquidity and Capital Resources


 On December 31, 2011, we had $nil in cash and cash equivalents, $nil of total assets and total liabilities of $nil.  

As mentioned above, we are now in the exploration stage and have not yet realized revenues from our planned operations. We incurred a net loss of $40,000 for the three-month period ended December 31, 2011. At December 31, 2011, we had an accumulated deficit of $1,102,884. We have funded operations through the issuance of capital stock.


Off-Balance Sheet Arrangements


We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


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 4T. 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 defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that, as of December 31, 2011, these disclosure controls and procedures were effective to ensure that all information required to be disclosed by us in the reports that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and  reported, within the  time  periods specified in  the  Commission’s rule  and  forms; and  (ii)  accumulated and  communicated to  our management, including our Principal Executive Officer and Principal Financial Officer, as appropriate to allow timely decisions regarding required disclosure.


There have been no significant changes in our internal controls over financial reporting that occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


PART II - OTHER INFORMATION


Item 1.Legal Proceedings.


There are no material pending legal proceedings to which we are a party or to which any of our property is subject.


Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.


None


Item 3.Defaults Upon Senior Securities.


None.


Item 4.Submission of Matters to a Vote of Security-Holders.


None.


Item 5.Other Information.


None.


Item 6.Exhibits.



31.1    Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rules 13a-14 and 15d-14 of the

Exchange Act)



32.1    Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)


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SIGNATURES


Pursuant to 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.


URANIUM HUNTER CORPORATION


(Registrant)


Dated:  July 2016                                                                                    By:     /s/ Reno J. Calabrigo

 Reno J. Calabrigo,

President and Chief Executive Officer

(Principal Executive Officer)


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CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULES 13a-14(a)/15d-14(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED


I, Reno J. Calabrigo, certify that:


1.         I have reviewed this Quarterly Report on Form 10-Q of Uranium Hunter Corporation (the "registrant");


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 statements, 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.          The registrant's other certifying officer and I are 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 our 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 our 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 our 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.          The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):


(a) All significant deficiencies and material weaknesses in the design or operation of internal control 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 control over financial reporting.


Date: July 2016


/s/ Reno J. Calabrigo

 Reno J. Calabrigo

Chief Executive Officer

Uranium Hunter Corporation







CERTIFICATION

PURSUANT TO 18 U.S.C SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002


Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of Uranium Hunter Corporation (the "Company"), does hereby certify, to such officer's knowledge, that:


The Quarterly Report on Form 10-Q for the quarter ended December 31, 2011 (the "Form 10-Q") of the Company fully complies with the requirement of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.


Dated: July 2016


/s/ Reno J. Calabrigo

 Reno J. Calabrigo

Chief Executive Officer

Uranium Hunter Corporation



A signed original of this written statement required by Section 906 has been provided to Uranium Hunter Corporation and will be retained by

Uranium Hunter Corporation and furnished to the Securities and Exchange Commission or its staff upon request.