10Q

0001393905-12-000307.txt : 20120607 0001393905-12-000307.hdr.sgml : 20120607 20120607151122 ACCESSION NUMBER: 0001393905-12-000307 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20120430 FILED AS OF DATE: 20120607 DATE AS OF CHANGE: 20120607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Press Ventures, Inc. CENTRAL INDEX KEY: 0001506522 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 392077493 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54628 FILM NUMBER: 12894647 BUSINESS ADDRESS: STREET 1: 1733 FIRST AVENUE NW CITY: CALGARY STATE: A0 ZIP: T2N 0B2 BUSINESS PHONE: 403-648-2720 MAIL ADDRESS: STREET 1: 1733 FIRST AVENUE NW CITY: CALGARY STATE: A0 ZIP: T2N 0B2 10-Q 1 pressv_10q.htm QUARTERLY REPORT 10Q

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

FORM 10-Q

(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 30, 2012

( ) 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 333-171209

PRESS VENTURES, INC.

(Exact name of registrant as specified in its charter)

NEVADA

(State or other jurisdiction of

incorporation or organization)

39-2077493

(IRS Employer Identification No.)

1733 First Avenue NW
Calgary, Alberta, Canada T2N 0B2

(Address of principal executive offices)

(403) 648-2720

(Registrant’s telephone number)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Check 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 __ No X

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes __ 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.


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 __

8,300,000 shares of registrant’s common stock, $0.001 par value, were outstanding at April 30, 2012

Registrant has no other class of common equity.

Page | 1

PART I. FINANCIAL INFORMATION

Item 1 Financial Statements.

Press Ventures, Inc.

(An Exploration Stage Company)

Balance Sheets



	April 30, 2012 $ (unaudited)	October 31, 2011 $

ASSETS
Current assets
Cash	10,212	552
Total current assets	10,212	552
Total assets	10,212	552

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	6,704	17,385
Related parties advances payable	14,000	4,000
Total current liabilities	20,704	21,385
Total liabilities	20,704	21,385

STOCKHOLDERS’ EQUITY (DEFICIT)

Common stock: $0.001 par value, 100,000,000 authorized, 8,300,000 and 5,500,000 issued and outstanding as of April 30, 2012 and October 31, 2011, respectively	8,300	5,500
Additional paid-in capital	41,700	16,500
Deficit accumulated during the exploration stage	(60,492)	(42,833)
Total stockholders’ equity (deficit)	(10,492)	(20,833)

Total liabilities and stockholders’ equity (deficit)	10,212	552

(The accompanying notes are an integral part of these financial statements)

Page | 2

Press Ventures, Inc.

(An Exploration Stage Company)

Statements of Operations

(Unaudited)


	For the Three Months		For the Six Months		Period From October 5, 2010 (inception) to
	Ended April 30		Ended April 30		April 30,
	2012	2011	2012	2011	2012
	$	$	$	$	$
Expenses
Mineral property expenditures	-	3,890	-	3,890	8,295
Impairment expense	-	-	-	-	5,000
General and administrative	11,295	10	17,659	11,810	47,197
Net loss	(11,295)	(3,900)	(17,659)	(15,700)	(60,492)

Net loss per share - basic and diluted	(0.00)	(0.00)	(0.00)	(0.00)


Weighted average shares outstanding - basic and diluted	8,300,000	5,500,000	7,851,522	5,500,000

(The accompanying notes are an integral part of these financial statements)

Page | 3

Press Ventures, Inc.

(An Exploration Stage Company)

Statements of Cash Flows

(Unaudited)



	For the Six Months Ended April 30, 2012 $	For the Six Months Ended April 30, 2011 $	Period From October 5, 2010 (inception) to April 30, 2012 $
Cash flows from operating activities
Net loss	(17,659)	(15,700)	(60,492)
Adjustment to reconcile net cash used in operating activities
Mineral property impairment	-	-	5,000

Change in operating assets and liabilities
Accounts payables and accrued liabilities	(10,681)	5,000	6,704
Net cash used in operating activities	(28,340)	(10,700)	(48,788)

Cash flows from investing activities
Mineral property acquisition	-	-	(5,000)
Net cash used in investing activities	-	-	(5,000)

Cash flows from financing activities
Proceeds from related parties advances payables	10,000		14,000
Proceeds from issuance of common stock	28,000	-	50,000
Net cash provided by financing activities	38,000	-	64,000

Increase (decrease) in cash	9,660	(10,700)	10,212

Cash - beginning of period	552	14,749	-
Cash - end of period	10,212	4,049	10,212

Supplemental cash flow disclosures
Cash paid For:
Interest	-	-	-
Income tax	-	-	-

(The accompanying notes are an integral part of these financial statements)

Page | 4

Press Ventures, Inc.

(An Exploration Stage Company)

Notes to the financial statements

April 30, 2012

(Unaudited)

______________________________________________________________________________

Note 1: Basis of Presentation

Unaudited Interim financial statements

The accompanying unaudited interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They may not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the period ended October 31, 2011 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 16, 2011. These interim unaudited financial statements should be read in conjunction with those financial statements included in the Annual Report Form 10-K. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended April 30, 2012 are not necessarily indicative of the results that may be expected for the year ending October 31, 2012. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year ended October 31, 2011 as reported in form 10-K have been omitted.

Note 2: Going Concern

The accompanying financial statements have been prepared on the basis of accounting principles applicable to a going concern; accordingly, they do not give effect to adjustment that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and retire its liabilities in other than the normal course of business and at amounts different from those in the accompanying financial statements. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock. The Company's ability to continue as a going concern is dependent upon achieving profitable operations and/or upon obtaining additional financing. The outcome of these matters cannot be predicted at this time. Accordingly, there is substantial doubt as to the Company's ability to continue as a going concern.

Note 3: Related Party Advances Payable

As at April 30, 2012 the Company owed $14,000 to associates of the Company’s management. These advances are unsecured, payable on demand and non-interest bearing. $10,000 was advanced during the six months ended April 30, 2012.

Note 4: Capital Stock

The total number of common shares authorized that may be issued by the Company is 100,000,000 shares with a par value of $0.001 per share.

Page | 5

Press Ventures, Inc.

(An Exploration Stage Company)

Notes to the financial statements

April 30, 2012

(Unaudited)

______________________________________________________________________________

Note 4: Capital Stock (continued)

During the year ended October 31, 2010, the Company issued 5,500,000 shares of common stock for total proceeds of $22,000.

During the six months ended April, 2012, the Company issued 2,800,000 shares of common stock for total proceeds of $28,000.


	Number of shares	Amount
Shares issued for cash
Pursuant to issuance of common ($0.04 each)	5,500,000	$ 22,000
Balance, October 31, 2011	5,500,000	$ 22,000
Pursuant to issuance of common ($0.01 each)	2,800,000	$ 28,000
Balance, April 30, 2012	8,300,000	$ 50,000

As at April 30, 2012, there were no outstanding stock options or warrants.

Note 5: Subsequent event

On May 10, 2012, the Company signed an option agreement with Signal Exploration Inc (“Signal”), a Canadian publicly company listed on the TSX Venture Exchange, whereby Signal will earn 51% interest in the Company’s Tara Property (the “Property”) by paying Cdn. $7,000 and incurring Cdn $20,000 in exploration expenditures by December 31, 2012. Signal would earn a further 24% interest in the Property by incurring an additional Cdn. $300,000 before December 31, 2016. After Signal has acquired 75% interest in the Property, the Company must incur Cdn $1 million exploration expenditures to retain its 25% interest; otherwise, the Company would forfeit its remaining 25% interest in the Property.

Page | 6

Item 2.

Management's Discussion and Analysis of Financial Conditions and Results of Operations.

The following discussion of our financial condition, changes in financial condition, plan of operations and results of operations should be read in conjunction with our unaudited interim financial statements from our inception (October 5, 2010) to April 30, 2012 and the three and six months ended April 30, 2012, together with the notes there to included in this Form 10-Q. The discussion contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors.

Overview

About Our Claims and Our Company

Press Ventures, Inc. was incorporated under the laws of the state of Nevada on October 5, 2010. Our Company’s principal office is located at 1733 First Avenue NW, Calgary, Alberta, Canada T2N 0B2. Our telephone number is 403-648-2720.

The Company is a mining exploration stage company engaged in the acquisition and exploration of mineral properties. The Company is a mining exploration stage company engaged in the acquisition and exploration of mineral properties. The Company has acquired a claim called Tara Property covering 462.22 hectares located in the Omineca Mining Division of British Columbia, Canada. This property consists of one claim. The Tara Property consists of one mineral claim and the property covers the Bull showings. We refer to this claim as the “Property” or the “Claim” throughout this Report. We acquired the Property for the cost of $5,000. We have not yet commenced any exploration activities on the Claim other than completing a technical report. We have not generated revenue from mining operations. The Property is in good standing until May 30, 2013.

To date, we have purchased the Claim and completed a technical report on the Claim. We have not yet commenced any exploration activities on the Claim other than completing a technical report. We plan to explore for minerals on the Property. The Property may not contain any mineral reserves and funds that we spend on exploration may be lost. Even if we complete our current exploration program and are successful in identifying a mineral deposit, we will be required to expend substantial funds to bring our claim to production. Ms. Johnston, our sole officer and director, has not personally visited the Property but is relying upon her discussions with the geologist and her recommendations based upon her expertise and experience in mining operations in Western Canada.

There is no assurance that a commercially viable mineral deposit exists on our claim. We do not have any current plans to acquire interests in additional mineral properties, although we may consider such acquisitions in the future.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an ongoing business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly we must raise cash from sources other than the sale of minerals found on our property. Our only other source of cash at this time is advances from our officer and director and investment by others through loans or sale of our common equity. Our success or failure will be determined by what we find under the ground.

Plan of Operation

Exploration Stage Company

We are considered an exploration or exploratory stage company because we are involved in the examination and investigation of land that we believe may contain minerals for the purpose of discovering the presence of such minerals, if any, and its extent. There is no assurance that commercially viable minerals exist on the property underlying our British Columbia Claim, and a great deal of further exploration will be required before a final evaluation as to the economic and legal feasibility for our future exploration is determined. To date, we have not

Page | 7

discovered an economically viable reserve on the property underlying our interests, and there is no assurance that we will discover one.

Exploration Plan

In October 2010, we engaged John Ostler; M.Sc., P. Geo., an independent professional mining geologist, to assess the Property for mineral occurrences.

Mineral property exploration is typically conducted in phases. We have not yet commenced the initial phase of exploration on the Property; however, our consulting geologist recommends the exploration work based on the results from the most recent phase of technical and area review. Once we have completed each phase of exploration and analyzed the results, we will make a decision as to whether we will proceed with each successive phase. Our President will make this decision based upon the recommendations of John Ostler. Our goal in exploration of the Property is to ascertain whether it possesses economic quantities of polymetallic veins. We cannot assure you that any economical mineral deposits exist on the Property until appropriate exploration work is completed. Even if we complete our proposed exploration program on the Property and we are successful in identifying a mineral deposit, we will have to spend substantial funds on further drilling and engineering studies before we will know if we have a commercially viable mineral deposit.

We do not intend to hire employees at this time. All of the work on the Property will be conducted by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation.

A two-phase exploration program is recommended. The first phase comprises geological mapping and prospecting. If reasonable encouragement is generated by the results of the first-phase program, it should be followed by a second-phase program of soil survey and possibly hand-trenching.

The first phase would consist of geological mapping and prospecting. Geological mapping involves plotting previous exploration data relating to a property area on a map in order to determine the best property locations to conduct subsequent exploration work. Prospecting involves analyzing rocks on the property surface with a view to discovering indications of potential mineralization. The first phase is estimated to cost $25,894 (including taxes and contingencies).

According to Mr. Ostler, the subdued topography of the northern part of the property area would make soil geochemical and geophysical surveys most useful during a subsequent phase of work. Also during a second phase of exploration, mineral showings that were discovered during the first phase of mapping and prospecting should be trenched and sampled.

If reasonable encouragement is generated by the results of the first-phase program, it should be followed by a second-phase program of soil survey and possibly hand-trenching. The cost of the second phase of exploration is estimated to cost $109,608.

If we are unable to complete any phase of exploration because we don’t have enough money, we will cease activities until we raise more money. If we can’t or don’t raise more money, we will cease activities. If we cease activities, we have no plans for any other business activity.

On May 10, 2012, the Company signed an option agreement with Signal Exploration Inc (“Signal”), a Canadian company listed on the TSX Venture Exchange, whereby Signal will earn 51% interest in the Property by paying Cdn. $7,000 and incurring Cdn $20,000 in exploration expenditures by December 31, 2012. Signal would earn a further 24% interest in the Property by incurring an additional Cdn. $300,000 before December 31, 2016. After Signal has acquired 75% interest in the Property, the Company must incur Cdn $1 million exploration expenditures to retain its 25% interest; otherwise, the Company would forfeit its remaining 25% interest in the Property.

We will continue to review the potential to acquire further exploration properties.

Page | 8

Results of Operations

We did not earn any revenues for the six months ended April 30, 2012 and from inception on October 5, 2010 to April 30, 2012. We do not anticipate earning revenues until such time as we have entered into commercial production of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties.

We incurred operating expenses in the amount of $11,295 for the three months ended April 30, 2012, which comprises mainly of professional fees. For the three months ended April 30, 2011, we have incurred a total operating expense in the amount of $3,900, which comprises mainly of mineral exploration expenditures.

We incurred operating expenses in the amount of $17,659 for the six months ended April 30, 2012, which comprises mainly of professional fees. For the six months ended April 30, 2011, we have incurred a total operating expense in the amount of $15,700 which comprises mainly of professional fees and mineral exploration expenditures.

We incurred total operating expenses in the amount of $60,492 from inception on October 5, 2010 through April 30, 2012. These operating expenses comprised of general administrative expenses totaling $47,197 (mainly for professional fees), mineral property impairment of $5,000 and mineral exploration totaling $8,295.

The shareholders may read and copy any material filed by us with the SEC at the SEC’s Public Reference Room at 100 F Street N.W., Washington, DC, 20549. The shareholders may obtain information on the operations of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information which we have filed electronically with the SEC by assessing the website using the following address: http://www.sec.gov.

Liquidity and Capital Resources

As at April 30, 2011, we had a cash balance of $10,212.

We do not anticipate generating any revenue for the foreseeable future. When additional funds become required, the additional funding will come from equity financing from the sale of our common stock or sale of part of our interest in our mineral claims. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our company.

When additional funds become required, the additional funding will come from equity financing from the sale of our common stock or sale of part of our interest in our mineral claims. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our company.

We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund Phase One or Phase Two. In the absence of such financing, our business will fail.

Based on the nature of our business, we anticipate incurring operating losses in the foreseeable future. We base this expectation, in part, on the fact that very few mineral claims in the exploration stage ultimately develop into producing, profitable mines. Our future financial results are also uncertain due to a number of factors, some of which are outside our control. These factors include, but are not limited to:

our ability to raise additional funding;

the results of our proposed exploration programs on the mineral property; and

our ability to find joint venture partners for the development of our property interests

Page | 9

Due to our lack of operating history and present inability to generate revenues, our auditors have stated their opinion that there currently exists a substantial doubt about our ability to continue as a going concern. Even if we complete our current exploration program, and it is successful in identifying a mineral deposit, we will have to spend substantial funds on further drilling and engineering studies before we will know if we have a commercially viable mineral deposit or reserve.

Going Concern Consideration

The report of our independent registered public accounting firm for the period ended October 31, 2011 raises substantial doubt about our ability to continue as a going concern based on the absence of an established source of revenue, recurring losses from operations, and our need for additional financing in order to fund our operations in fiscal 2012.

Our operations and financial results are subject to various risks and uncertainties that could adversely affect our business, financial condition and results of operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.

Forward Looking Statements

The information in this quarterly report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements involve risks and uncertainties, including statements regarding the Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined from time to time, in other reports we file with the Securities and Exchange Commission (the “SEC”). These factors may cause our actual results to differ materially from any forward-looking statement. We disclaim any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Item 3. Qualitative and Quantitative Disclosure about Market Risks

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

Our Principal Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report, have concluded that, based on the evaluation of these controls and procedures, that our disclosure controls and procedures were effective.

Page | 10

Controls and Procedures over Financial Reporting

Additionally, there were no changes in our internal controls over financial reporting or in other factors that could significantly affect these controls subsequent to the evaluation date. We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken.

PART II - OTHER INFORMATION

Item 1.

Legal Proceedings.

The Company currently is not a party to any legal proceedings and, to the Company’s knowledge; no such proceedings are threatened or contemplated.

Item 1A. Risk Factors

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 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

On October 31, 2011 the SEC declared our Form S-1 registration statement effective allowing us to sell 2,800,000 shares of common stock at an offering price of $0.01 per share. In December 2011, the Company completed its public offering by issuing 2,800,000 shares of common stock and raising $28,000.

The funds plan to use as follows:


General and administrative expenses	$	1,000
Mineral exploration expenditures or property acquisition		7,000
Legal and accounting Fees		20,000
Total	$	28,000

From inception through October 5, 2010, we sold 5,500,000 shares of common stock to our sole officer and director for $22,000.

Item 3.

Default Upon Senior Securities.

None.

Item 4.

Removed and Reserved.

Item 5.

Other Information.

None.

Page | 11

Item 6.

Exhibits and Reports on Form 8-K.

a. Exhibits


Exhibit Number	Description of Exhibit
3.1*	Articles of Incorporation*
3.2*	Bylaws*
31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C.§ 1350, as adopted pursuant to § 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002.

*Previously filed.

Page | 12

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereto duly authorized.


	PRESS VENTURES, INC.
	Date: June 5, 2012

	By: /s/ Caroline Johnston
	Caroline Johnston
	Principal Executive Officer
	Principal Financial Officer and Director

Page | 13

EX-31.1 2 pressv_ex31.htm CERTIFICATION ex31

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

I, Caroline Johnston, certify that:

I have reviewed this Form 10-Q of Press Ventures Inc.;

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;

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 small business issuer as of, and for, the periods present in this report;

The small business issuer’s other certifying officer(s) 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 13-a-15(f) and 15d-15(f)) for the small business issuer 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 small business issuer, 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 principals;

c) Evaluated the effectiveness of the small business issuer’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 small business issuer’s internal control over financing reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and

The small business issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’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 small business issuer’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involved management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: June 6, 2012

/s/ Caroline Johnston

Caroline Johnston

President and Chief Executive Officer

(principal executive officer and principal financial officer)

EX-32.1 3 pressv_ex32.htm CERTIFICATION ex32

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the accompanying Quarterly Report on Form 10-Q of Press Ventures Inc., for the quarter ending April 30, 2012, I, Caroline Johnston, President and Chief Executive Officer of the Company, Inc. hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge and belief, that:

1. Such Quarterly Report on Form 10-Q for the year ending April 30, 2012, 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 such Quarterly Report on Form 10-Q for the year ending April 30, 2012, fairly represents in all material respects, the financial condition and results of operations of Press Ventures Inc.

Date: June 6, 2012

/s/ Caroline Johnston

Caroline Johnston

President and Chief Executive Officer

(principal executive officer and principal financial officer)

EX-101.INS 4 presv-20120430.xml 10-Q 2012-04-30 false Press Ventures, Inc. 0001506522 --10-31 Smaller Reporting Company Yes No No 2012 Q2 8300000

10212

552

10212

552

10212

552

6704

17385

14000

4000

20704

21385

20704

21385

8300

5500

41700

16500

-60492

-42833

-10492

-20833

10212

552

0.001

100000000

8300000

5500000

8300000

5500000

3890

8295

5000

11295

17659

11810

47197

-11295

-3900

0.00

8300000

5500000

7851522

5500000

-17659

-15700

-60492

5000

-10681

5000

6704

-28340

-10700

-48788

-5000

10000

14000

28000

50000

38000

64000

9660

-10700

10212

552

14749

4049

10212

Note 1: Basis of Presentation   Unaudited Interim financial statements   The accompanying unaudited interim financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q of Regulation S-X. They may not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the period ended October 31, 2011 included in the Companys Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 16, 2011. These interim unaudited financial statements should be read in conjunction with those financial statements included in the Annual Report Form 10-K. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and six months ended April 30, 2012 are not necessarily indicative of the results that may be expected for the year ending October 31, 2012.  Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year ended October 31, 2011 as reported in form 10-K have been omitted.

Note 2: Going Concern   The accompanying financial statements have been prepared on the basis of accounting principles applicable to a going concern; accordingly, they do not give effect to adjustment that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and retire its liabilities in other than the normal course of business and at amounts different from those in the accompanying financial statements. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock. The Company's ability to continue as a going concern is dependent upon achieving profitable operations and/or upon obtaining additional financing. The outcome of these matters cannot be predicted at this time. Accordingly, there is substantial doubt as to the Company's ability to continue as a going concern.

Note 3: Related Party Advances Payable   As at April 30, 2012 the Company owed $14,000 to associates of the Companys management. These advances are unsecured, payable on demand and non-interest bearing. $10,000 was advanced during the six months ended April 30, 2012.

Note 4: Capital Stock   The total number of common shares authorized that may be issued by the Company is 100,000,000 shares with a par value of $0.001 per share.   During the year ended October 31, 2010, the Company issued 5,500,000 shares of common stock for total proceeds of $22,000.   During the six months ended April, 2012, the Company issued 2,800,000 shares of common stock for total proceeds of $28,000.   <div align="center"> <table cellpadding="0" cellspacing="0"> <tr> <td width="410" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"></td> <td width="121" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"></td> <td width="94" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"></td></tr> <tr> <td width="410" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BORDER-TOP:black 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="121" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BORDER-TOP:black 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Number of shares</td> <td width="94" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BORDER-TOP:black 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Amount</td></tr> <tr> <td width="410" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Shares issued for cash</td> <td width="121" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"></td> <td width="94" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td></tr> <tr> <td width="410" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Pursuant to issuance of common ($0.04 each) </td> <td width="121" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> 5,500,000</td> <td width="94" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> $ 22,000</td></tr> <tr> <td width="410" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Balance, October 31, 2011</td> <td width="121" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> 5,500,000</td> <td width="94" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in"> $ 22,000</td></tr> <tr> <td width="410" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Pursuant to issuance of common ($0.01 each) </td> <td width="121" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> 2,800,000</td> <td width="94" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BACKGROUND:#dbe5f1; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> $ 28,000</td></tr> <tr> <td width="410" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:307.25pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> Balance, April 30, 2012</td> <td width="121" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:90.45pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> 8,300,000</td> <td width="94" style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0in; WIDTH:70.3pt; PADDING-RIGHT:0in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> $ 50,000</td></tr></table></div>   As at April 30, 2012, there were no outstanding stock options or warrants.

Note 5: Subsequent event   On May 10, 2012, the Company signed an option agreement with Signal Exploration Inc (Signal), a Canadian publicly company listed on the TSX Venture Exchange, whereby Signal will earn 51% interest in the Companys Tara Property (the Property) by paying Cdn. $7,000 and incurring Cdn $20,000 in exploration expenditures by December 31, 2012.  Signal would earn a further 24% interest in the Property by incurring an additional Cdn. $300,000 before December 31, 2016. After Signal has acquired 75% interest in the Property, the Company must incur Cdn $1 million exploration expenditures to retain its 25% interest; otherwise, the Company would forfeit its remaining 25% interest in the Property.

0001506522 2012-02-01 2012-04-30 0001506522 2012-04-30 0001506522 2011-10-31 0001506522 2011-02-01 2011-04-30 0001506522 2011-11-01 2012-04-30 0001506522 2010-11-01 2011-04-30 0001506522 2010-10-05 2012-04-30 0001506522 2010-10-31 0001506522 2011-04-30 shares iso4217:USD iso4217:USD shares The numbers in this column, for the fiscal year ended October 31, 2011, are derived from audited financials.

EX-101.SCH 5 presv-20120430.xsd 000050 - Statement - Statements of Cash Flows (unaudited) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Balance Sheets (unaudited) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Balance Sheets (unaudited) (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Going Concern link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Statements of Operations (unaudited) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Basis of Presentation link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Related Parties Advances Payable link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Capital Stock link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 6 presv-20120430_cal.xml EX-101.DEF 7 presv-20120430_def.xml EX-101.LAB 8 presv-20120430_lab.xml Total liabilities and stockholders' equity (deficit) Total liabilities and stockholders' equity (deficit) Statement Document Type Subsequent Events Basis of Accounting Net loss per share - basic and diluted Net loss per share - basic and diluted Common stock, shares issued Related parties advances payables Cash flows from operating activities Statement of Cash Flows Net Loss Net loss Expenses: Current liabilities Entity Voluntary Filers Proceeds from issuance of common stock Change in operating assets and liabilities LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Entity Registrant Name Net cash used in operating activities Net cash used in operating activities Current assets Document Period End Date Going Concern Note Net cash used in investing activities Net cash used in investing activities General and administrative Amendment Flag Cash - beginning of period Cash - beginning of period Cash - end of period Net cash provided by financing activities Net cash provided by financing activities Mineral property impairment Mineral property impairment Current Fiscal Year End Date Subsequent Events: Stockholders' Equity Note Disclosure Organization, Consolidation and Presentation of Financial Statements Weighted average shares outstanding - basic and diluted Weighted average shares outstanding - basic and diluted Total liabilities Total liabilities Total assets Total assets Entity Current Reporting Status Common stock, shares authorized Total current liabilities Total current liabilities Cash Entity Central Index Key Impairment expense Total stockholders' equity (deficit) Total stockholders' equity (deficit) Total current assets Total current assets ASSETS Statement {1} Statement Document Fiscal Year Focus Income Statement Related Party Transactions Disclosure Interest Interest Deficit accumulated during the exploration stage Additional paid-in capital Entity Filer Category Accounts payables and accrued liabilities {1} Accounts payables and accrued liabilities Mineral exploration expenditures Increase (decrease) in cash Proceeds from related parties advances payable Mineral property acquisition Adjustment to reconcile net cash used in operating activities Entity Common Stock, Shares Outstanding Equity Supplemental cash flow disclosures Cash flows from investing activities Common stock, shares outstanding Common stock: $0.001 par value, 100,000,000 authorized, 8,300,000 issued and outstanding as of April 30, 2012 and 5,500,000 issued and outstanding as of October 31, 2011 respectively STOCKHOLDERS' EQUITY (DEFICIT) LIABILITIES Document Fiscal Period Focus Related Party Disclosures Balance Sheet Entity Well-known Seasoned Issuer Document and Entity Information Income tax Income tax Cash flows from financing activities Common stock, par value Accounts payables and accrued liabilities Statement of Financial Position Entity Public Float EX-101.PRE 9 presv-20120430_pre.xml XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } ZIP 11 0001393905-12-000307-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001393905-12-000307-xbrl.zip M4$L#!!0````(`'!YQT#6R#"(2Q(``/!Y```2`!P`<')E&UL550)``/D_-!/Y/S03W5X"P`!!"4.```$.0$``.T]:W/;-K:?NS/['[#3 MW+J=T8/4PY9EISN*[:2>IG;6=MKNIPQ$0A*V%,@"I&SMK[_G`*1$4A3U=*QT MDTPF$@&<%\X+X(%P_L^GL43[BQ](P[(ZU89E-VKD\?&QQMPAE1IL MS?''I%I%W$]]Z1$@5JBNR_CKHU$8!MUZ'1_7%'-J0W]2AX8Z@JE:=K5I'\7= M!]R;=4?P@61*39@((_B`&/08J]6TXA&9WAJ!+X?0R6K6N5`A&;$QK2Z,\KCXHVBM2=>%GEEZL+E/U1PRM/(-Z(]" MN;3W:1U:9QU5=4AI,.L\H*JO.\8-!7('[6DU[),R:DR/-/%N;FKCOL=UTW@$ MJO#-.7+=55JV=VQ`M,"ZX31@KX\4'P<>LJ>?C20;O#[""9]4DTFN/2GWB-0U M(%"8[J7O1&/0A@<83QQ?A.PIO,-AE]`?!GV*=>-'VZK^Z[R>'[(`YP.3W'>O MA'M)PW*`1F2M:M/*@LU`F,'O09.+S6\].BR%.Z">8@9D9M`,U)4(>3B]8T.N M0DE%>$/'Y91^0),AO\8V8XS8("@"E<-S`<,D]:Z%RYY^9M-21!883MLZ;C<: M:?`Y"#/X%Y&4R!M7#O7^S:A<1^K5*DQDTS;PET'(L?"6>TQ>P/.A+\L9N!]3 M#_J2.Q;X,@0OJMT@%=,T/QEP>6D9BF;C[T,:1JH4Y[^9RDBK$$(.S:^^%XF0 M2D-+.?P;/PT^-S(']S?F>3\+_U'<,ZI\P=QKI2*0Q_KPET!8L+/YG+V%)^4< MH*5E;2PW>@ET8XFKX?^K$'IJ='Z2_?'8%_>A[_QQ/X*HJ6ZC$!TSAET2"6ZP MF*:C#.;K)%*YS.&@:Q"LKF_>'OW8:5KX)Z,')4@T/;'K[EY0-9IC_7A_N1Y* MVVJ@5--0-@-KVQ9&BQS8=KL,:$\I%JI8Q7A8:BR5DGS0[ M[;T3><<\B`GN!RIWDZ#=TIY@$RS[):M8:#M2M1?E:E@9[5HQ/WO1E8:=T97U M4>Z5O:V0;,I0UOW/P\^OU(O8%NQ@4$O%@AS`[;$M'8-?1.-+&?!E)2#7R([804O78:IVF8M+N1'Q.GHIE7VTU.LWFL_&D%7?D M>RZDZ%=_1I`.;B-W.ROW1:"[X%PBEX:5D4F#]>3KU6# M17ZAHUV&[%F(*Q;:_H@S:ZY>%(Y\R?_+W.W6=;85_RFD*8]C7[0L"1=[I$4O MZK>4R6RMNP+Z/BA8GBKL3L'^%OWKH-@;+=N*9!DM5T^!YTO]?@`^,J'*PNDE M8-<[+W:A1)J=TQ0)BY!W06P!SA=";%GM3\MTH'':7ANQ7LQ?CP/*):8-%S`O MP](UP`KD[>R2KA!ZAH!W3#!)/5PANV,N]*9QR"=L'3%DMMP6?).=D<,*/'NC MJ509;>L%"#)*ND1()\?MT\]/4ZGAV';G)>14JM:M$_OT9#N:;L`"A../V7M? ME1M6J3I7<_J<`;LEPE)=K39/TZ:\'-\5E0(\N$K2GS=4<0=$<\F]*$S'TZ6I MUPK6,0-+.;1R='LGK51(+TQ:F6F_+&FE%KX]:;\Q+!%@;F\"]C=D-]&XS^3M M0(]+91-+*2[*7U9HWT)*M1T-GX&-4DU=R,8.EXTRK3[IM&W]+OC@V2BU@.>8 MC0W\?IF$J[F<8!^!IE065;M]LEZDV01A23#/;QXN1SA/76\'MQSC_3NJ/D@_ M8'+%5OE&:?(*-%F2A",9Q3U`\_^U6.==TR[J8!UW4OL?V^%_;A;*C2TK[`-E MH$1;LB]`]\``:#R^1P<5FW"7N6^F'Q5SK\4M*!S%`I&>`]GLKHK3Z#1;6;-> M$^=SD+K"`UEY#_2BI);YKE;GI-/9F530%'0WZL'O.7]&'&),SNV4;9.O(C%K M;ZM1K2/$:S%A:F]"S%*X/LJL#*7O,.:JM](?IUY63R]9O^RM\*H5>38O*$.R M'VI*)94K'-B*&MSXQ`K3VT%J`W![`34Z2TDJQ+1'NE:&]*WI6J*";[F`<7MR MR,W..EI?@/(Y*"V/=ZU]4*K'Z(*[?,3<7H:GQ\?I#>VE&/9!R$8AZ[E)*?,1 MBU5_:U("80#_P_>-$^IAD.C!3$LYA4G=OF8C1\M*)'LFRRI^4]8Z:9V^+&'% MBM2R7IJNM;5J,\*NL5P"`CA6KI`GQ;L"3WV$D!8?;6#_];W`S)KROF"F;3(/ M$Y>S#_2)J?VROS78<@GL`':Y$'"O1-T.XL41OL8L*]C^S@O/_E&MLN%3M?K= M,#S#[P%1X=1CK[_[,_+#L_?7-U?5GZZNW_WTT!6^!%T]([_T[MY=WW0M+HC^ M%X2F+T*X\4-&["[1=!!_0/#,!&BM?A>'X.L!=B.[8T((7'^@X^!,]%6@']5Y MTKA_3!\%C5R.VV!:?_F8#$PXIAX@@,10Y_S/1466S7V!?1@Q0D%;].D,\]H[ M89*7,$E&=,)(GS%!`LD"*G5_#4FZF/:11QZ.R$>A(>EZ$46&Y@V2-\5^+,`6 M.E?40'+`$GC0<>#+`NQ<#)`AU"1"A6LPA$`_'N>2D:./UI'0)V^A&\%S2JB` M=VR(Y6(XZ+[Z>XT`PU,RIE,B_!!&.E[D@@2\1?`#WP^A#Y`CF5[#Z<-^.W"$ M0O88V$>10&OD)_^139BL$/:$H`A5Q.7*\7Q(_,@(W"47%617,A"^,K(7/K"" M<@)8SH@*?(T-TV"$,F=G#B=N-'R!J/!+X?PBP=@8Z*R&,`%)*+EU0K_/)&G: M%0)^Q$[D-X,;G_+1NOJMW3H^4Z0G1`2@S3D<`L0DL_,S(/98:AKOF1-)DT6C M_*^>#$<(=,P5'LW$X9!8,=PG)O:Q(4)/J6(SA9DK<"%C:N1''DPE@VFEFG#P MD/^)A%:?A!B05?'H/,-9[F:LU`^T#\,;8@2D0(M9%IN%7 M4N8ZIBZKD=E>"0Q0D9>:\'`D&=,3H/@3@85;.%+Q]/=`H3W2M+3<&P1+S-"( M$HHY$,*%RQW]6AAI0G@)_'!$0VUW('GV%#!'SU",=,JH1"1(4$[)&K6YYR,W M*;V=/RZCG(QG]U214IH M'_LJ1+%C7?Q`GWB:L5-D,A3]"6J+03.86<-\BOPQ#Z&Y-G?T\YQP(<#G"B_! M4P'-T\L95^]\Z'3A@TN60D?G%T@(&EVBR2`Q'5]D8%PW#/I&=_I)!E0<$&B@ ME;#O,51G2H9^G*RA?,[B0`J/O*EV^J"UOC:V(9H6&PS`?O3`F9$;`WM,G-O< MC<0.+^6>L1V\9(P;]8$+6*^`9N;HT&Y`AQQ04V9\9AP*82#X3X__%QPOR(&: M4U;87[(0>NBG7NI%`,C71U!(9Q*$M,<"Z4BEW44_4F!]RH`!9NA8[_"#B0*_ M^MS)0/KCV#TG)KIJBFKDEYGCU3%"N-J#F+[HH1-/Z(`APXQ-F+%K`49"PD?F M35CB!G5T8$^Q[W7P9!_,]DB3"_\\GT("HFET001@^=+PXJ,'A_4;F$+@4F<,B/6=/W08FP?0P%<0/(WXIJNF"13-90$Z'#R;$V`"XXPXFQB=\P<\ MU),=LXI9$E!5!ZIT7[^/7L^$C.3H0R)*,31T^5&(ZY78J8/X(;,(]8E9*E`M M037``,#WZQ0(E1%H"OD80DTOI\JH&RKMDD&UH[[.=^*$9"LA%'K+-?QAQG^F M]W42 M:>\$>;!+7MFMBF59VL727Y($UD8TKA%29&S*V0P(@* M+==EX\1VA2^J/-Z5`&VF4JO^*]O25#RBOB6_Z.'J:D!4I4J%.;J!C*\Z5 MH$X>I#VRKFZ!_&]V5""=OG)3,P^KP;3: M@E.S+:TN6F5B$#ID4%`Z229Z5Q"0O-+'*W!I97K5R)<@KLNYVB_/;ZU*3B9: M4NU*.RN57.PSN;2>BB!^A:3EU&C@H-H7)IUBIV`\0J%X&I7.=N+I?$;QN'P" MRU8^%#%@7.\P.1^H.YD\PV&>%V`N(89Q9\O\IUM40)V%%@W!@)!S:+@YX(:C MN&O+3L"D&7QS>W=Y=5=]<_OP-.B]B`-+@?;C\LT&-Z+1"$76%H=L^Q'KK+1&$W[(,1Q:E5:[V<)$Y;!R.( M$ZO6_"QR,!]3=K*3R?1A1?('L8,0-Y.X>S"FLXRN=02&L7;NJOI^&/KCO1K7 MYQ;:FD;V?#(K""T/5[\_5'OOK]_==$TP.".;1)O2:'(SR\A,2)P'H]W]P>>> MN_7\PE]FZGIZUZ9PPO;KN/X*L7[CF=LTGS-U^DFFJ5]#435:VYR^)AK_4XG& MVG'S4%*0[6QV)O7NMVZ?M0?VX=OQATAB/:7>].=Q:65JG?@][BFT"*/.Z`>R M5^O>_]R4VO'^IV9U"-0_P;M#!-3CY\AFNQV'D;1LXT7^`K/PBIC=HZ^)R&$X ML#?40Y]567@C_C47^2OZJR\A%UKPJ8-E?$Z]#,)S9>Y2O MB=?+NJ_.P;NO_^4$+%NC<"`^ZVL:UJDT#\E['=K6U`OXL?;RZ4CY,?-15U\E MWUP^.>QJA:(:K*0X[Y'INFXL^9O]%J(I0_`#4SSH2_)()=YSHM*E*V6_5KND M5"E;X!3U%?LS`OVZFNC#\R]9T-3NDCD]A"%!7T(9RJT@O]`IL:VB24*'DIEB5%VF=`_MU".I7T_$*V[(]TF=W;DK@DEWA`&\=BRG`$T/4B6NW3]K+,6`-U*HSDP!^"-7+(O%B`?X&#`>ZF&2C>.2Y$8) MK87EE4N]B/8UL2?1/SF=]R30_LTYTY?&Z,_?G',LJ.8#CH5Z>,\6R]SBE=RW M=G']<_;*IODP`[.>`GIN#E3%",#!RE#?M&1NP<*[P\[K\Z>F%XMO8TK?E,7F M-S0!@CG0\WK,X@*[UR_(I[EP+W4OKG+V M&BIG;Z]RN9/5!\`N,XDKB1U,>=EY/ONOA."0[%G]&(3LP MOG6S"RVK1Z=^\]5`@14>\![SAOUNHC$>KO*-(-;`\TV,*3=0`[MDPA]S402N M@-\$4G[4>7U.98HK?25H@OSP7F,FJA_OK3&G:N(?).!XR-V+QJ(R.SB]^K!T M19_=`J;Y!(O7\&#EPI%L53NO9_@VZKZ@Y?#X7%^?"Q_^'U!+`P04````"`!P M><=`7FM71!N!7T1Q8D&B6XX%PNB30=U:DY\Y]3,Q2O)YH%& MG_J?4;/1.,?-AM=T4)JF#M`YD9FMXXL(86Q[AXP_=.S'E"A`)C57W5J@==QQ M75NTG,K0$7+N&K.6FPMK)\='1YFXLU2L4)"V^(\4C8[>[3> M6BE"&,,,V>/]^.:-!%PK=QF5/P?"3R(CR8\]3H=<,[VZX3,AHVSW:BA;5D>O M8NC6%(OB$/*Q0,*L6[.=%CAWMQOS\UU(?>WN3E$OX6IC_ MR'UA[F'R$&@+=M4P+40H%^88C']V^]<,U.850HW(BDR?2+Z#[G[_:G#OSU0N M_SZ)F2;A1`O_X0"X"W;5T"U$*!?F))DJ^)48^=#6J`,`W;&L!NI.C+U@-Q/Y MNZ<9^0U02P,$%`````@`<'G'0&/$O.XP"```XVT``!8`'`!P&UL550)``/D_-!/Y/S03W5X"P`!!"4.```$.0$``.U=75/; M.!1];F?Z'[SL0W9G:LQ'V06F;"<%RF2&;1B@N_O646PET5:V4DD.L+]^)2>F M=FS93]A]L0.W-(&2+146][YH"2(?1@XHSOG].2L?\EBQ*'#R)C?``K?.OU@ M#B)9X)B$LYA#Z@RBB,P!%RVPM^*-O_E6?#:[HV@RY?WJ55+X\):A7(6;W;3XMO?/G^=7_A2&P$41XQ+^HB)#ARRY M?D[\Q`&-)AUE"?G.38NY\I*[O>/N;F_>LB`#=(QPKID9A8S-8<1C\8]DQ)-4 M;;W;W@T%N6\0#&&TX"]I#?S>#1!D/A#,/TVI3" ML1)'"EQ*L2=%^%E:\QZ,:2J`4#\>05=8N( MB[9;Q4M"@-HDN&"Z!;2)(3>$X0C2-J'F[&9PIB!7$5;'$R\!BP+Z]83XL6"! MIZ_]*#B-..)W@VA,:)C$PGH_9$MS-[6>(-8VGG%&]!H4(7GU7+S-M0IO.8P" M&*3M2@<>Q]D$CE>"ISW2/P(L@^+5%$+.OD0@#L04&*Q-L\+<$Q*K0"`!+!%@ MXF>;[6$YSQ+:R_K7RXZN,6"C9#S$S)T`,$M:]2#F++V2$.%N;2\GUI^7E[]> M<<"AE/<:C#!,6\!@!/%13U'(ZQBJD`4.Q+^L#NZ/@AU![C,F-.Z/&*?`YPJX M*X6R4']TQ3[-@Q8Q-#6W#*=YS+7Q-JT]IB2LI"YMEB@1.S$3K9.9Q`EPSR$T M@'21-G?*^W%,J0Q<.O2OENU4A?)N4U2@X*!Q0AP#-E7PGGQD`,V*7I)E>^&% M<>3F\.OT;DOH7O&KG/>=KGFO)-PJIE44[W9'\3D"(X0%9Y")O/.*$__;E&"! MBIU^CT4.6A/3M:M;,-GJ4V'<0,E"UQ?,"&V:=D"58N9.S1F4>HE2105CI-)3 MQ?R\J>_[)(XXNP!W57<8 MD(Y)&)(H@?P7P+%JT[90K&,=FF3011?-R]""`"W07``4#*)C,$-<0BN?Q!6E M+=)$Z;!QR=8)G$-,9G+4B^$_@:<1AW1&$8,G@F(?<9&)Q&&!LT&A<\BQ1H3V@V:5?FILE)7>D>RYJ;>S;I5$^!7FK8KIL`XX=E M4_E[RDO,6YM[HG1R5N/0)R*8W/)3G)0[ZC$X"4M6'EYGYPO$LE14FT*.?*!Q MEJK188.\['['$#+IM!![2!-D09)97T!Z-14=H'X1H:QIP?I. MBP#CEA@9U`E$UH_YE%#T'PSJY2K4L$NFHL/&+3,*:`>,Q?K2+$O;*$OJJ''9 M?0'I,.;R3+4\N*^K2[:*C>+D7-;+^5^RQ[6SQWNT;#@>SB!=/-#Q\&.J=7:? M,&NL@_*2,3Z_C'&IWU"7MR"$5CAK7$XH(&*R&()+M`I%2@IV M*D5MC\HJ4N:E<5(DA^<&X0P@*KO8L9A])\K;DXK"]DBB\M:XM/P,1L(M+`^( M!*$@5+K$T1Q6#Y>Z6O8(5>N_<5G[9]&Q(I%[P'/"5.,G7\8>-59\,VX/_A30 M2+C"TFV0CX`A7_2=$X1CKES,UM6R8-*O==RXP/8WE(^&PZ`_%_UO`C_'DH+A M.$&?6?3I*;BF,0N$79O08]PZS[+T=/TN MV3AO[?3XW;\QXTFPO2:74$QS/L(PA_J:M#,T'Z4I"P;OXU!L7%K]8T]C.!XB MN6X^`TRX))RH.&Y>5ZO;YS\?<7!D>T@M=<:%#4$`A4">8%R\9EQ>GF>M"08- M#%@PQ)O08=RV41&\SC-BVKIJ&>M4X^:=N5I[/?J,&]/Z"<^#N+\[@2.=6;10Q<2M+8T.JYI:BY08%X9ST8FQ6#[!,1QGCGWJ M)$.E]9Z9E@IR+`Z[#PZWST'B)G09MT>1((<4D6!UN:TZCJZN8,&46>5NN3:_ M=ZN-2,+EBWS8<@ZP3-'[HK=1>B#9;G&D` M.+W7GOEBZKIO*]&L;8&`VD242WC0Y?XMAU0LD^3722AW93-%NA6C67_+;[1F M_30NOUS<$[H&MY!5*I$O9:\8*][JI8U M0&?!9">4%E!4T;J\+O_(W_L25_X'4$L#!!0````(`'!YQT!A;L$:N!```)7- M```6`!P`<')E`L` M`00E#@``!#D!``#=75]SVS82?VYG^AUPN9MS.F-95G*Y27)).XHEIYJXL6LK M[?6I`Y&0S`M%J`#E/[VY[WX`2$H421"@`%)(']K($K"[6/P`+':!Q9OO'Y8A MN$.$!CAZ>S0X.3T"*/*P'T2+MTQ_>0H&,P].]@Q`N5J'2,")E&$[V#,.-!C]H=W M\].!\].P/W]_0GR%Y`(LB<>7H)>C_,.@^CS M:_Z_&:0(,*DC^O;);1RO7O?[O-+#C(0GF"SZC-CS?E;PR3=??_65*/SZ@08[ M%>Z?9\4'_7__>''CW:(E[`41C;GX244:O*;B^POLB09HL`32$ORO7E:LQ[_J M#9[UG@].'JB?$W0>A#ML5@11>H>B>,T^<(WTN:I.__'\-%>)DVVHCU*55".# M5Z]>]<6O^=*,G!]OBN>IO^@G/Q9*!S7B;+3,>O:K-P2'Z!K-@>#Y.GYA)^MTM0?-JB=#M+)\J_IU[]=!'`6 MA$$<(#J,&(BP]_D6AS[KGO'O;/UXS'B*QKX]TJ[6SS>'U]UI$)N&\9IXJ$"= M_?-;4\&$?H\4^N7DC_B2QSCQ91E%O4\W1]^)?@7AEA.`D0]HCM??X0K3?P$D M6(*G/IH'7A!_^Z:_%=NEAL8;H';5VB'Q`":L/W63;TI>7- M9P&5*$83PH8X2*B[`A3MUI?F"+V>Z`Y*[R`-Z.5\Z'EX'<5!M)!`J%S.&#I2 MUB:0$40!GH,M6==`(VUW$2P*G7<'DC$D$6-/V4;QYA82Q`7SF`4T"L(UV]U( M(*.J90P@3;%,X/01Q2#$E((5(H!R)J`'9IR/L'W]A)--:]YBHVJ->?.6'6+L M:&JG.)(:0;&[<76&ETL\3B!&06! M(.\:M!1:*$)*JS>Z@U*Z2-`K^,AW']XGL*.$8`SM@! MN.'G&GSWUU01S*;]?`!_V^6<2WS.>TP!XMHJ]GQQ-0)9$DNF($NGQ5S96Q,>&66ICLG3LOFWFAO(;5V0JZAN;*U M%9.F#`;=X74S18\?5BBBRA5=7MX8QTI13#"=T7SM&E24K2["1K,'#A)&3NU6 M!89J*M@,'4N$,;+R$I+Y0*IK>%(KH"8T6ML=;07"QE$MZ@ZK+F0>LZ$6SX@!*3UC5TU3:[ M%(-6J[[MT\^;BUC$\J`D0:*[ MW+0P&]1G9L";X$C1!2A1PJJX@ M:P]%E/@9IB&:T$"0OA M3X4[3%S#H:8RBN!KU$EMV:A#9O_XW`8Z#V'QV>SW,PS7LAE&KZ[YV?\F M(AJ?;>V!&5H$$;^+P:.-*[$ML+FR6V_.JI`;X\_6LBQ;B;Q=;!SIM>@@ES:: M:*5TA:/Y$#OX?N$\B&#D&>P7J@BTM5^H$=;*?F&5\N.)L.89KV[W#(9-U-LS MF+33H7U#C:XT]PU*\'9X=F.Y@@%)#HY?!MS(?`\IDY?-DS6#4E7+_)2&GE@F MP^_'(-DWK!*JCR#8\+0YX"RVY`Z1&4[31=EKT$$.E^@II72BI`GLVMH)I2&" M\X!Z,/P502)WV$N+&NV/5`+8".@DQ`&G[J3K7J6#_!Y*KQ=TX,+S)][ULIR) M`A'S("QEP\BB1X-"!]:7W1L36B)8S5_BS,4!K:9G6&B@_B[OX!4/%W'O_M;O MK\R)HUW?PNV\AJ*:7=4KI6-+>(I8#]AR=06*>VNI?)-OKQ[M$H46<`H^$-D ML3W#$<5AX(L_V'I\Q7#$QI7X\W*>VKDPW-Q.5%ZILD+;_/J5S2::#(.\(#S7 M<4X4X?#."\/=&QMQP%8>UT:(5>66;H39!U!W(^L7Q!-9(W_(+'VX0!_7RQDB MEW.1F.-R'?-,QSR=ME[>HCV)&8\=LT:8#):,,X`)ZRQ1"]YR;3OM4?N-KW6U MM*"!0\P09EHL3@DV!L)![B1(C_%L2]B\66!C")9RZ[:4(=C:B&DD\('O,L@` M+@5$UX=<)8!-?[1TC-4>3-6G5MN74`.<+A^NE4&RJLO;O1^3>GFNT0H3?B2' M6W5K^=5I27$+]V7J!;%P;R;ST6TX@(2%*PC1547Y(HU.IQPPK>%P'=]B$ORA MG]HP5\-^>L.R.$:>WZH4AW##PA5P-="&,M6AK'<.F2Y$;?-92V4H9VZ^M'K- MDH-T*[K&FMM0?C>2FVC8AP=.ILB#X;*YD_]DY1R8E=F0T7&MP_-MJSH#U*FU MQ4!$8#B)?/3P`15?QY&7LV%?5;.V85@EE($@#1AM5Q"@;'R%*56G^([WA=NP M_1E;=Q=2QX:DL)U]HU0($^!LB0*4G,9V!3)Z;:_T@:!O13GO6 M4<15+>]N#MCQP[6X*7';(J3*M MR^'1-8ZU4B'8SH%@,S8_O+D93V_MH-#Q[LWD?>+($(3]E%F&584M)=L MO,3<[-Q2EF+\OX/_V5W$3<2--^_,ULGL&I;E;9:F/Y<`I.W4'=O#I>?LFZJP M@ZRDE?0=$O96$GCDCP(+ZJZ@1$,!54D\:CN@TZ29>(DVN%5GR*PL;2,=9IT8 M1IMC01HX.[LHFEZ1SE+=!=WA)_=(SN.4P(CR>U0XHOI'AYM0,,;9'N*:8"][ M/DGP`WF&#A\=WD-'19#NW:==3GS,&$$TOH*!+(ZZ4\3"%%=F:#:O)?2LWA+; M4\;:7:N.H(>9>,N-+<^V,@ATA]01ND,A7O'9GDW["S3F,JU(P%,:"Z_6T&,F MQ5J,N-&:!-&B6$.";PN$C4>%O<8969D)+P"WS(`ON('X%G&G>HA)%HL#P#9&.G3O^'[`>PR&?/!.HC39M\S/(REM[O"I%\/(\[,A#5:,=B^( M@)=0=PV?"B64W$(ZG=%N9%D\J7'&4+W`1!Y7WBUE(:I'^B22.,9JV4S^8)V21E6L(K M?]+)MNNR_2;7NC>UV^W*Z+2C-_5S',T!W]U8'V\MO_H4AA4%C<>HG+F-A"-Y MHU:<&F%K+MN8.P<_N19*[](K^J#;`X9)EN8BW"7PJ:E@Y3!BO3"&[E5!BY^Q M2#Y]"X0AZN;)Q7I%5)UGU.F6PSRVEO>RC=!,YK2OK6+UB3690";XVGU=C2C> MHW<-`LS<4)E<(,9LADX%`]&7^!10FTHNN[G:AEG+MR^*-]ER:0RD+K/:2C;N M96@(9>.21G)/\2:YIYAP`CE6KN"ZF6(J+G!H=U>'FW*=5S%MOWUI_X7+A*(K M0*EO9VFK;?$!2H.#F^O5*A3'8&#(Y\GS$-]/HCDFRR374CU"=&N;'_%L)J;1 MN<\?:5$@5+>VW7?2U6*:7FD5 MH,S>2_\"7NYIJ)[:%]-UN_&`"2;D9IQ6%?LI)BR;<)4Y)K![MEL3?2BS3#A@ MM^5DJGVKI5C,)J#LO<"2`]%K\+?3D]/3`7=+@CO.X1@,3D^/3Y/_#H:GT_.)M,OX#:MTGS4[)Z#Y.)10*NJI,UL/#;!=#$9 MOIM<3*:3L7,W%6M:7)/!YC!/,R>7AI*(I-X-KWQ9BW>\*D2P> M%4J0W_22=H3!BP\[T<'M%E\R;^C4,'K]05,<>Q=J1NZY-1KH(?\@1*-^Z6XQ M>@=#'EZ_N44H3D54XZQA9>,EJYF0)NA+.0'!RA7$[:>&XM*V3V>U&UWZ!87A MAPC?1S<(4APA?\)W/:1BQ:LO;R&FI!#%0CB)<^A]YBQ`Q@,D3%R!F;8VRC$D MK9XQ6`:SA788^0E#=0Q`NYK1@MA$,"OF$_<(I(C*L7(%0DU5DE\@FW=6UW?H MI_`!T=K;I+NE+-V9+[&U<%<^A@^6#][O*ZCB8JF.M(>[TU]JD549BZ;]?)"0`]M;71*1-\,7+F2V(1>1$7440EK3 M9F!")9Z]@-I$BFV(""^2G3YN)V30NS+RI5'57OH\#0&-HF&;A'H[SQMFK%Q#9Q.U M2)/8:7=<=`6Y[-I<8*```@FP``%@`< M`'!R97-V+3(P,3(P-#,P7W!R92YX;6Q55`D``^3\T$_D_-!/=7@+``$$)0X` M``0Y`0``[5W=<^(X$G^>K=K_@9M]X*YJ""&9V9ND)K?%Y&.*VNQ`)9G=NZ>4 ML`7H5DB,)).P?_U)-B3^DBT38UM<7@(Q+;F[?]VM5DN6/_WR.,>M)60<47+6 M[ATIZ#G1;XU7K\N)+ M_X9[2,`6IQ/Q`!A\U^J[2T`4P3F=+SP!66M`"%T"(>_`W\E_G(-W\K?%BJ'I M3+3^?OZ/UM'AXWS@S.00<1+A3[04..3KE__9HZO@`&MVQI*=1_G0U91UWJ](XZQ[V#1^Z& M&)T@'+G-@D'.EY`(3WY1&NDJ51V^/SX,-5+=%M1'HLE:([V3DY.N_VN86G;G MBB?R<.\?NL&/,6J4P7 M))O//G$OB4!B-2`3RN8^>F];OEBG8K6`9V\YFB\PW%R;,3@Y>ZONM.QL>E?` M_&3<>?=9&-6-)/.O7\L+D?O"1P&)"]W-G94(NQ%7,;3F"%,GS$0;*X.FK!V6 MOITBO33&^ZQ[],=<,."(34<8C"$^:QLWZQ;E,6R`'#H'4[KLNA#Y*E)??/8[ MA[VU7_TD+]T'M[^!4Z3N2L17,(E]S0A6H(<+M%F0M9$.TKT?]&D#O9 M;8K>(S];IN^H:.EZ/JI:SR/($)4RN!=`9"D\2F>IYF/"ID-P7!4$?"!'U,=?X4H;UN-TEJE>(VPZ!!^J M@N#<8TK0*\0=@/\#`=/''"VI94#H14['XN>*W8'.YY3<"NK\>3N3PO.A)U2N MK29T>M_(:F09/B9J2$?JG]4B=84P9.?2ESO(.GD5L*A$ST=EY-J<>Y!IL=#16XF)5G@--I7/H9\3CRMY)8@G@M,IW&,OVG M"*G1^]/\^U,W(=RUO%!>R?TSP*J(?SN#4/!O!'@N$L]E[<)%=DUWE9;5-3R\ MQ(PG@(]]"_%X9PK`(K!EB`7?7(D;]?KRO0*$6Q.E%W5($TR/0DC),H)P;N=>!Z%H>?0:%S-BA3UD7=GW.99#*"00QHJ9@EC"W,&YQ MP1KG-0&#ZXFT$0!QVIIQ2#>=)`8)$1L'Q3G@,XWF_9\:H6B-I83U'Q<&L4'I-,OW);=%R@`N`&C`N98%F&4M:JKG7P7",P1EBFCI#+":"_1#&C M6,K#+[][;)*)Z00C>2%>C!#@`+Z:1Q\3#&_0W$ M<@!P1X`5AC*]J948:K2PHTUJ949+XRAI"3#F/O3>\JPR'SG[(,O:Z68=5H5S M?MNS_.)Y?8VA,+1U['>`/=T"18*L=B2*Y/!)(9N7(;HN"K@9`>0.R#E8(*%8 M2T\A--16H:(5N7')W@5<0DP7RO-E")C"2R(@6S#$X06<(`<)F0=Y<\]/?BX\ MAL@TWD*#8PD=6P5Y&8IL7`A-JL!X8+,+O31!]S.I3*T2;5FBM`OC?"7L+#6M M:0?/R-?@#`KD`%SR=IYHWPW8VQ-EJ!X_"W.VKAA<(.Y@RI4X.9,#P\9U;S"Q M9[-/,31>M_N\;O>I>EXJ8]:0^>*Z_NQM!)G_E%/^5%7;LBGH9M81C%30.*=+ M/(O6]\2,,O07=/,!2[2P#:BDR(V;S":X]9_Y,`9G36TG,!M1&S>'+/`@JU$3 M.^$Q>&RUNOW^3S+PX62X@"PXTNGE&__S^JUTEI#'3#W>,""26_C$6\Z40$== M=]9ISQP@1]^O2?]KTE\)=NL(1*:7CPM(>&XQ0$_?%"0SQ[\,<1OG5I)%3(/A M8W M^@*)%`NKO6SN'!'_5#J!EC#;9?):V015K@8:-_7Z*DW+SW^N*=?Y4)3&)CQB MTNW18H;]E9U88Q;:*VMG#1I56:-03A5>8/I1%WYF<$=O MH$.)@S",<'U'RW'/G=S*"@?>C9(;5[5ZKJP-)T.D:C=?`)0JK[017\[KQK3F,5\JCT&@MNL'GR%UK1_?R%^L->W`BA!11"&- M*WTFF3=Y*-L86:/.ZE_Z+FC0V>B;*?#_!T.57 M4F4#LH2\4(YIVMH*"S!6Q8[>9_("$,%JG3'UG>\>8C">T>@>@C)H6#-T!>TS M@J>!5AHW0=2$H131B\7EM`[LA;:(EO9H44TC]OJTWY>7[K(ZLB*$;Z.@';T1 MJ9PA.70TS^H"CDW&X4239A;V#(Q6-S@GE=*X,!Z);9Q[ZEF]X22T<]XDH4IM MMW=H:M33N'*;N>0O#KK[`7(1A>W1T:F^S/ZK1^)E!HU=9#2P8M#-$GA'+[%[ M&3IR$J`^U,D(2X#5%*$O+96QE33*S-.4C-I:@YF!&O2OP2OHE@O?/B1O3-3N MG#N%_[ZW1P8@ADHHT.CHL,UDK,;%XE5.EQ?J=!-]TQ: M[FL$,=):IZLF;O3PE!)GL_FN*.ME,%?6V%!VHMP!'EEIR3WLT M:5%3'`BS=<<`X9(7=6;.,XMW$I_/6+\T4Z2'FN)"`<3"WEY(-\WQ^O5&/W^] MJ`0GCW17DT]'>*CI^6R3=SUDO-^AUA.\UY[@A,GNJS)D1-\E#0>Q_O=V$0O9236T]96>X\RE.N?6OH:Q]=< M!*(E=JW$6[OA^A?U9PPXE%?^!U!+`P04````"`!P><=`^GC"9IP$```<'``` M$@`<`'!R97-V+3(P,3(P-#,P+GAS9%54"0`#Y/S03^3\T$]U>`L``00E#@`` M!#D!``#M64UOVS@0/7>!_0]<7Y0"D67%33C#<\S0@DA%!1\[?K?G(,(# M$5(^&SM4"??L['3@^LZ'\]]_&_WANNA!BC`-2(BF*W1]=7/QJ%*J"5(BTDLL MR3&Z"!>8&\"EB)-4$XEN.1<+K,&#.H9&T#V&OF0EZ6RNT='E6W32ZYVY)SW_ MI(N6RV67A#,L+6TW$#%R7>-;!7,28P3A<]3R7K*A)T9V+A M08=GB-R>[_9])X='E+W`C8-$$J46A.L4'HP/:]-[UX?LL=:23B'N3T+&5R3" M*=-C)^7?4LQH1$D(`\1(#,8;@%*WQG)&]&<<$Y7@@+3V;&/=0"_[72%G`.GY MWC]_W4WL$!1)/3/*OU;!_<%@X-G>`KJ#M&.64_<]TSW%BKPP0R]MP%.NM)&X MC`_UIB`Y^-3+.@MHJMP9QLD+-L)J:K%Y1X5X7'">QM7AA%IZ>I40#T`NH(BD M@0-?RYL1AF].VV_.-*&=))1'PC;>C$S&PR+M1Q(A.UQ#0S7N*!HGC'3R=W-) MHG''Z+9P"ZV>H-F%Z`J,%`SL:L?+='N&`72W(=VM/1<46`8[+#MZ`HE(B-24 MJ!?1.MX/RBDDT;XY@0GE])?-B.'IOAF!"6&_9#(!9OLF`R9!RO[C+\YP_`U) M(//PY?%V@Z]^N]^#OM(=<]&)??E9(1,BP(4N'CM*"\.W(VZ8J>T@5">_YN7W>GMJY M90ZIL]JBQ MOQX/<`KC>DXTA>A>$V<3W*14O[U2Z&B#]J#QQV07EE8VG"MBDRKOFG6=-=UCI&N>+ M"%(S:,7_"QY>?-02KQJF:N"-2GT?F>ULPQF3I4Y#LK4*_-((`A[`C"G^[QJHQ[P"D_- M5617HV:#)K7.=M3*N5!.5A2-%,KI#L+5"W>)$ZHQFV@1?*W2::._29;!CBRY M*;*V!PWJ-9BD4T6^I0"_-C:J2H<=3(,6?F]'B[4YRNS_/WJ,O%(Y#AH;M;H1 MC1,A-N?Z)V_>[SRIT$*^LP]84-+U]`U@7(+/B MHW$_,.[]]ZW<;]M_3P2"?_[>($I5U+T#*55[30"G=:XKR\-MO%G#RH*Q1YA6 MQ1MW74*N"Z&QZMPZE.W?',Q#"^>-OU=DSO,?&!"GC)G=<.QHF9IRNRG,#^'. M0$5H)M/8"=/L_N`@6TAT,H32$JY^MW#1,"@'X2F\P8$N>&"MY MC8,4+$30F9JW-U*D2>$&+BMQEN'8:4?U<],K'5A6ZZ55[9G9JRP_-ZGM7:6( MPV^93H.]263D99\\//X+4$L!`AX#%`````@`<'G'0-;(,(A+$@``\'D``!(` M&````````0```*2!`````'!R97-V+3(P,3(P-#,P+GAM;%54!0`#Y/S03W5X M"P`!!"4.```$.0$``%!+`0(>`Q0````(`'!YQT!>:UR1D`(``&\0```6`!@` M``````$```"D@9<2``!P&UL550%``/D_-!/ M=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`<'G'0&/$O.XP"```XVT``!8` M&````````0```*2!=Q4``'!R97-V+3(P,3(P-#,P7V1E9BYX;6Q55`4``^3\ MT$]U>`L``00E#@``!#D!``!02P$"'@,4````"`!P><=`86[!&K@0``"5S0`` M%@`8```````!````I('W'0``<')E`Q0````(`'!YQT!;GLVEQ@H``""; M```6`!@```````$```"D@?\N``!P&UL550% M``/D_-!/=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`<'G'0/IXPF: XML 12 R9.htm IDEA: XBRL DOCUMENT

Capital Stock

3 Months Ended

Apr. 30, 2012

Equity

Stockholders' Equity Note Disclosure

Note 4: Capital Stock

The total number of common shares authorized that may be issued by the Company is 100,000,000 shares with a par value of $0.001 per share.

During the year ended October 31, 2010, the Company issued 5,500,000 shares of common stock for total proceeds of $22,000.

During the six months ended April, 2012, the Company issued 2,800,000 shares of common stock for total proceeds of $28,000.


	Number of shares	Amount
Shares issued for cash
Pursuant to issuance of common ($0.04 each)	5,500,000	$ 22,000
Balance, October 31, 2011	5,500,000	$ 22,000
Pursuant to issuance of common ($0.01 each)	2,800,000	$ 28,000
Balance, April 30, 2012	8,300,000	$ 50,000

As at April 30, 2012, there were no outstanding stock options or warrants.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Preferred Stock

-URI http://asc.fasb.org/extlink&oid=6521494

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 4

-Subparagraph (SAB TOPIC 4.C)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Section B

-Paragraph 7, 11A

-Chapter 1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section C

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph d

-Article 4

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 20: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 2, 3, 4, 5, 6, 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 21: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 22: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(d),(e))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 23: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Article 4

+ Details

EXCEL 13 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V M9&5A-#)C83@B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E M;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)E;&%T961?4&%R=&EE#I. M86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O M=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D M/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D M('=I=&@@36EC'1087)T7S9E8S,Y.65B7V1B M935?-#8Q-U]A.&,Y7S@X939D96$T,F-A.`T*0V]N=&5N="U,;V-A=&EO;CH@ M9FEL93HO+R]#.B\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V9&5A-#)C M83@O5V]R:W-H965T'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^,3`M43QS<&%N/CPO2!6;VQU;G1A3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V9&5A-#)C83@- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-F5C,SDY96)?9&)E-5\T M-C$W7V$X8SE?.#AE-F1E830R8V$X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S65A7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAAF5D/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,#`L,#`P+#`P,#QS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D M>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\V96,S.3EE8E]D8F4U M7S0V,3=?83AC.5\X.&4V9&5A-#)C83@-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO-F5C,SDY96)?9&)E-5\T-C$W7V$X8SE?.#AE-F1E830R8V$X M+U=O'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB'0^)FYB'0^)FYB#PO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB'0^)FYB M'0^)FYB3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V M9&5A-#)C83@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-F5C,SDY M96)?9&)E-5\T-C$W7V$X8SE?.#AE-F1E830R8V$X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R6QE/3-$)TQ)3D4M2$5)1TA4.FYO&-H86YG92!#;VUM:7-S:6]N(&]N($1E8V5M M8F5R(#$V+"`R,#$Q+B!4:&5S92!I;G1E2!O9B!N;W)M86P@3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V9&5A M-#)C83@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-F5C,SDY96)? M9&)E-5\T-C$W7V$X8SE?.#AE-F1E830R8V$X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6EN9R!F:6YA;F-I86P@ M2=S(&%B:6QI='D@=&\@8V]N=&EN M=64@87,@82!G;VEN9R!C;VYC97)N(&ES(&1E<&5N9&5N="!U<&]N(&%C:&EE M=FEN9R!P3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\V96,S.3EE8E]D8F4U7S0V,3=?83AC.5\X.&4V9&5A-#)C83@- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-F5C,SDY96)?9&)E-5\T M-C$W7V$X8SE?.#AE-F1E830R8V$X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!$:7-C M;&]S=7)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$2!!9'9A;F-E6%B;&4@;VX@9&5M86YD(&%N9"!N;VXM:6YT97)E M'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA3PO'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!.;W1E($1I65A2!I2!I6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@0D]21$52+4Q%1E0Z M(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+1U)/54Y$+4-/3$]2 M.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!724142#HS,#6QE/3-$)T)/4D1%4BU"3U143TTZ(V8P9C!F,#L@ M0D]21$52+4Q%1E0Z(V8P9C!F,#L@4$%$1$E.1RU"3U143TTZ,&EN.R!"04-+ M1U)/54Y$+4-/3$]2.G1R86YS<&%R96YT.R!0041$24Y'+4Q%1E0Z,&EN.R!7 M24142#HY,"XT-7!T.R!0041$24Y'+5))1TA4.C!I;CL@0D]21$52+51/4#HC M9C!F,&8P.R!"3U)$15(M4DE'2%0Z(V8P9C!F,#L@4$%$1$E.1RU43U`Z,&EN M)SX\+W1D/B`\=&0@=VED=&@],T0Y-"!S='EL93TS1"="3U)$15(M0D]45$]- M.B-F,&8P9C`[($)/4D1%4BU,1494.B-F,&8P9C`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`Q,"P@,C`Q,BP@=&AE($-O;7!A;GD@&-H86YG92P@=VAE M2!3:6=N86P@=VEL;"!E87)N(#4Q)2!I;G1E28C,30V.W,@5&%R82!02`H=&AE("8C,30W.U!R;W!E2!P87EI;F<@0V1N+B`D-RPP,#`@86YD(&EN8W5R'!L;W)A=&EO;B!E>'!E;F1I='5R97,@8GD@1&5C M96UB97(@,S$L(#(P,3(N)FYB'1087)T7S9E8S,Y.65B7V1B935?-#8Q-U]A 4.&,Y7S@X939D96$T,F-A."TM#0H` ` end XML 14 R8.htm IDEA: XBRL DOCUMENT

Related Parties Advances Payable	3 Months Ended
Apr. 30, 2012
Related Party Disclosures
Related Party Transactions Disclosure	Note 3: Related Party Advances Payable As at April 30, 2012 the Company owed $14,000 to associates of the Company’s management. These advances are unsecured, payable on demand and non-interest bearing. $10,000 was advanced during the six months ended April 30, 2012.

Related Parties Advances Payable

3 Months Ended

Apr. 30, 2012

Related Party Disclosures

Related Party Transactions Disclosure

Note 3: Related Party Advances Payable

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 1-4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph b

-Article 3A

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Article 4

+ Details

XML 15 R2.htm IDEA: XBRL DOCUMENT

Balance Sheets (unaudited) (USD $)

Apr. 30, 2012

Oct. 31, 2011

Current assets

Cash

$ 10,212

$ 552

Total current assets

10,212

552

Total assets

10,212

552

LIABILITIES

Accounts payables and accrued liabilities

6,704

17,385

Related parties advances payables

14,000

4,000

Total current liabilities

20,704

21,385

Total liabilities

20,704

21,385

STOCKHOLDERS' EQUITY (DEFICIT)

Common stock: $0.001 par value, 100,000,000 authorized, 8,300,000 issued and outstanding as of April 30, 2012 and 5,500,000 issued and outstanding as of October 31, 2011 respectively

8,300

5,500

Additional paid-in capital

41,700

16,500

Deficit accumulated during the exploration stage

(60,492)

(42,833)

Total stockholders' equity (deficit)

(10,492)

(20,833)

Total liabilities and stockholders' equity (deficit)

$ 10,212

$ 552

^[1]

[1]	The numbers in this column, for the fiscal year ended October 31, 2011, are derived from audited financials.

XML 16 R6.htm IDEA: XBRL DOCUMENT

Basis of Presentation

3 Months Ended

Apr. 30, 2012

Organization, Consolidation and Presentation of Financial Statements

Basis of Accounting

Note 1: Basis of Presentation

Unaudited Interim financial statements

XML 17 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 18 R7.htm IDEA: XBRL DOCUMENT

Going Concern

3 Months Ended

Apr. 30, 2012

Organization, Consolidation and Presentation of Financial Statements

Going Concern Note

Note 2: Going Concern

XML 19 R3.htm IDEA: XBRL DOCUMENT

Balance Sheets (unaudited) (Parenthetical) (USD $)	Apr. 30, 2012	Oct. 31, 2011
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	8,300,000	5,500,000
Common stock, shares outstanding	8,300,000	5,500,000

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References+ Details

XML 20 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information	3 Months Ended
Document and Entity Information	Apr. 30, 2012
Document and Entity Information
Entity Registrant Name	Press Ventures, Inc.
Document Type	10-Q
Document Period End Date	Apr. 30, 2012
Amendment Flag	false
Entity Central Index Key	0001506522
Current Fiscal Year End Date	--10-31
Entity Common Stock, Shares Outstanding	8,300,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

XML 21 R4.htm IDEA: XBRL DOCUMENT

Statements of Operations (unaudited) (USD $)	3 Months Ended		6 Months Ended		19 Months Ended
Statements of Operations (unaudited) (USD $)	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012
Expenses:
Mineral exploration expenditures		$ 3,890		$ 3,890	$ 8,295
Impairment expense					5,000
General and administrative	11,295	10	17,659	11,810	47,197
Net loss	$ (11,295)	$ (3,900)	$ (17,659)	$ (15,700)	$ (60,492)
Net loss per share - basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average shares outstanding - basic and diluted	8,300,000	5,500,000	7,851,522	5,500,000

- Definition

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References+ Details

- Definition

Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 22 R5.htm IDEA: XBRL DOCUMENT

Statements of Cash Flows (unaudited) (USD $)	6 Months Ended		19 Months Ended
Statements of Cash Flows (unaudited) (USD $)	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012
Cash flows from operating activities
Net Loss	$ (17,659)	$ (15,700)	$ (60,492)
Adjustment to reconcile net cash used in operating activities
Mineral property impairment			5,000
Change in operating assets and liabilities
Accounts payables and accrued liabilities	(10,681)	5,000	6,704
Net cash used in operating activities	(28,340)	(10,700)	(48,788)
Cash flows from investing activities
Mineral property acquisition			(5,000)
Net cash used in investing activities			(5,000)
Cash flows from financing activities
Proceeds from related parties advances payable	10,000		14,000
Proceeds from issuance of common stock	28,000		50,000
Net cash provided by financing activities	38,000		64,000
Increase (decrease) in cash	9,660	(10,700)	10,212
Cash - beginning of period	552	14,749
Cash - end of period	10,212	4,049	10,212
Supplemental cash flow disclosures
Interest
Income tax

XML 23 R10.htm IDEA: XBRL DOCUMENT

Subsequent Events

3 Months Ended

Apr. 30, 2012

Subsequent Events:

Subsequent Events

Note 5: Subsequent event

XML 24 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 9 52 1 true 0 0 false 3 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.pressventures.com/20120430/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Balance Sheets (unaudited) Sheet http://www.pressventures.com/20120430/role/idr_BalanceSheetsUnaudited Balance Sheets (unaudited) false false R3.htm 000030 - Statement - Balance Sheets (unaudited) (Parenthetical) Sheet http://www.pressventures.com/20120430/role/idr_BalanceSheetsUnauditedParenthetical Balance Sheets (unaudited) (Parenthetical) false false R4.htm 000040 - Statement - Statements of Operations (unaudited) Sheet http://www.pressventures.com/20120430/role/idr_StatementsOfOperationsUnaudited Statements of Operations (unaudited) false false R5.htm 000050 - Statement - Statements of Cash Flows (unaudited) Sheet http://www.pressventures.com/20120430/role/idr_StatementsOfCashFlowsUnaudited Statements of Cash Flows (unaudited) false false R6.htm 000060 - Disclosure - Basis of Presentation Sheet http://www.pressventures.com/20120430/role/idr_DisclosureBasisOfPresentation Basis of Presentation false false R7.htm 000070 - Disclosure - Going Concern Sheet http://www.pressventures.com/20120430/role/idr_DisclosureGoingConcern Going Concern false false R8.htm 000080 - Disclosure - Related Parties Advances Payable Sheet http://www.pressventures.com/20120430/role/idr_DisclosureRelatedPartiesAdvancesPayable Related Parties Advances Payable false false R9.htm 000090 - Disclosure - Capital Stock Sheet http://www.pressventures.com/20120430/role/idr_DisclosureCapitalStock Capital Stock false false R10.htm 000100 - Disclosure - Subsequent Events Sheet http://www.pressventures.com/20120430/role/idr_DisclosureSubsequentEvents Subsequent Events false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Balance Sheets (unaudited) Process Flow-Through: 000030 - Statement - Balance Sheets (unaudited) (Parenthetical) Process Flow-Through: 000040 - Statement - Statements of Operations (unaudited) Process Flow-Through: 000050 - Statement - Statements of Cash Flows (unaudited) presv-20120430.xml presv-20120430.xsd presv-20120430_cal.xml presv-20120430_def.xml presv-20120430_lab.xml presv-20120430_pre.xml true true