10-Q 1 ravengoldjul10q.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2009 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 333-126680 ---------- Raven Gold Corp. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 20-2551275 ------------------------------- ------------------------------- (State or other jurisdiction of (I.R.S. Employer Identification incorporation or organization) Number) 7250 NW Expressway Suite 260 Oklahoma City, OK 73132 ---------------------------------------- (Address of principal executive offices) (405) 728-3800 ---------------------------------------------------- (Registrant's telephone number, including area code) --------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company") in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X] At September 18, 2009, 35,240,000 shares of the Registrant's Common Stock were outstanding. 1 ITEM 1. FINANCIAL STATEMENTS RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) BALANCE SHEETS (Stated in US Dollars)

~~UNITED~~BALANCE ~~STATES~~SHEETS ~~SECURITIES~~July ~~AND~~31, ~~EXCHANGE~~April ~~COMMISSION~~30, 2009 2009 ASSETS ------------- ------------- ------ (Unaudited) Current Cash and equivalents $ 282 $ 287 ------------- ------------- Total Assets $ 282 $ 287 ============= ============= LIABILITIES ----------- Current Accounts payable $ 32,546 $ 75,919 Accounts payable other 12,560 - Advances from related party 3,100 3,100 Accrued interest 453,191 388,817 Loans payable related party 2,554,000 2,554,000 ------------- ------------- Total Liabilities 3,055,597 3,021,836 STOCKHOLDERS' DEFICIT --------------------- Preferred stock, $0.001 par value, 1,000,000 shares authorized, None issued and outstanding. Common stock, $0.001 par value,500,000,000 authorized, 35,240,000 shares issued and outstanding as of July 31, 2009 and April 30, 2009 35,240 35,240 Additional paid-in capital 561,580 521,380 Deficit accumulated during the exploration stage (3,652,135) (3,578,169) ------------- ------------- Total Stockholders' Deficit (3,055,315) (3,021,549) ------------- ------------- Total Liabilities and Stockholders' Deficit $ 282 $ 287 ============= =============

The accompanying notes are an integral part of these financial statements 2 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) STATEMENTS OF OPERATIONS (Stated in US Dollars) (Unaudited) ---------

~~Washington~~STATEMENTS OF OPERATIONS February 9, D2005 (Date of Three months ended Inception) to July 31, July 31, 2009 2008 2009 ------------- ------------- ------------- Expenses Exploration costs and expenses $ - $ - $ 29,750 Professional fees 3,500 13,641 202,719 General and administrative 31 1,312 154,375 Listing and filing - 116 48,390 Investor relations - - 35,670 ------------- ------------- ------------- Total expenses 3,531 15,069 470,904 ------------- ------------- ------------- Loss before other income and expenses (3,531) (15,069) (470,904) Other Income and Expenses Interest expense (64,375) (60,963) (453,192) Impairment (loss) of mineral rights - - (2,728,000) Foreign currency transaction (loss) (6,060) 979 (39) ------------- ------------- ------------- Net loss for the period $ (73,966) $ (75,053) $ (3,652,135) ============= ============= ============= Basic and diluted loss per share - continuing operations $ (0.C01) $ (0.01) ~~20549~~Weighted average number of shares outstanding 35,240,000 35,240,000 ============= =============

The accompanying notes are an integral part of these financial statements 3 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) INTERIM STATEMENTS OF STOCKHOLDERS' DEFICIENCY from February 9, 2005 (Date of Inception) to July 31, 2009 (Stated in US Dollars) (Unaudited) ---------

~~FORM~~INTERIM STATEMENTS OF STOCKHOLDERS' DEFICIENCY Deficit Preferred Accumulated Shares Common Shares Additional During the ----------- ---------------------- Paid-in Exploration Shares Amt. Shares Amount Capital Stage Total ------ ---- ------------ --------- --------- ------------ ------------ Capital stock issued for cash February 9, 2005: -at $0.00001 - $ - 64,200,000 $ 64,200 $(57,780) $ - $ 6,420 -at $0.005 10,040,000 10,040 40,160 -Q 50,200 Net loss for the period February 9, 2005 (inception) to April 30, 2005 (7,290) (7,290) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at April 30, 2005 - - 74,240,000 74,240 (17,620) (7,290) 49,330 Net loss for the year (50,917) (50,917) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at April 30, 2006 - - 74,240,000 74,240 (17,620) (58,207) (1,587) 4 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) INTERIM STATEMENTS OF STOCKHOLDERS' DEFICIENCY - CONTINUED from February 9, 2005 (Date of Inception) to July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Deficit Preferred Accumulated Shares Common Shares Additional During the ----------- ---------------------- Paid-in Exploration Shares Amt. Shares Amount Capital Stage Total ------ ---- ------------ --------- --------- ------------ ------------ Stock issued for investment in Joint Venture at $0.50/share October 26, 2006 1,000,000 1,000 499,000 - 500,000 Net loss for the year (154,581) (154,581) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at April 30, 2007 - - 75,240,000 75,240 481,380 (212,788) 343,832 Surrender of stock March 30, 2008 (40,000,000) (40,000) 40,000 - - Net loss for the year (3,083,184) (3,083,184) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at April 30, 2008 - - 35,240,000 35,240 521,380 (3,295,972) (2,739,352) 5 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) INTERIM STATEMENTS OF STOCKHOLDERS' DEFICIENCY - CONTINUED from February 9, 2005 (Date of Inception) to July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Deficit Preferred Accumulated Shares Common Shares Additional During the ----------- ---------------------- Paid-in Exploration Shares Amt. Shares Amount Capital Stage Total ------ ---- ------------ --------- --------- ------------ ------------ Net loss for the year (282,197) (282,197) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at April 30, 2009 - - 35,240,000 35,240 521,380 (3,578,169) (3,021,549) Contribution of capital 40,200 40,200 Net loss for the period (73,966) (73,966) ------ ---- ------------ --------- --------- ------------ ------------ Balance, as at July 31, 2009 - $ - 35,240,000 $ 35,240 $561,580 $(3,652,135) $(3,055,315) ====== ==== ============ ========= ========= ============ ============

The accompanying notes are an integral part of these financial statements 6 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) STATEMENTS OF CASH FLOWS (Stated in US Dollars) (Unaudited) ---------

~~x QUARTERLY~~STATEMENTS ~~REPORT~~OF ~~PURSUANT~~CASH TOFLOWS ~~SECTION~~February 139, OR2005 15(Date of Three months ended Inception) to July 31, July 31, 2009 2008 2009 ------------- ------------- ------------- Operating Activities Net loss for the period $ (d73,966) OF$ ~~THE~~(75,053) ~~SECURITIES~~$ ~~EXCHANGE~~(3,651,635) ~~ACT~~Adjustments OFto ~~1934~~reconcile net loss to net cash used in operating activities: Impairment of mineral properties - - 2,725,000 Prepaid expenses - - - Accounts payable and expenses (30,613) 12,689 44,806 Interest expense 64,374 60,962 453,191 ------------- ------------- ------------- Cash used in operating activities (40,205) (1,402) (428,638) ------------- ------------- ------------- Investing Activities Purchase of mineral rights - - (2,225,000) ------------- ------------- ------------- Cash used in investing activities - - (2,225,000) ------------- ------------- ------------- Financing Activities Contribution of capital 40,200 - 40,200 Issuance of common stock - - 56,620 Issuance of promissory notes payable - - 2,554,000 Due to related party - - 3,100 ------------- ------------- ------------- Cash from financing activities 40,200 - 2,653,920 ------------- ------------- ------------- Increase (decrease) in cash during the period (5) (1,402) 282 Cash, beginning of the period 287 1,835 - ------------- ------------- ------------- Cash, end of the period $ 282 $ 433 $ 282 ============= ============= =============

The accompanying notes are an integral part of these financial statements 7 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 1 Interim Reporting ----------------- The information presented in the accompanying interim three months financial statements is unaudited. The information includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. These interim financial statements follow the same accounting policies and methods of their application as the Company's April 30, 2009 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company's April 30, 2009 annual financial statements. Note 2 Basis of Presentation --------------------- These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At July 31, 2009, the Company had not yet achieved profitable operations, has accumulated losses of $3,652,135 since its inception, has a working capital deficiency of $3,055,315 (April 30, 2009 - $3,021,549) and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available. Note 3 Summary of Significant Accounting Policies ------------------------------------------ The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates. The financial statements have, in management's opinion been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below: 8 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 3 Summary of Significant Accounting Policies - (cont'd) ------------------------------------------ a) Use of estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. b) Cash and Cash Equivalents For purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchaser to be cash equivalent. c) Long-lived Assets The Company accounts for long-lived assets under the statements of Financial Accounting Standards Nos. 142 and 144 "Accounting for Goodwill and Other Intangible Assets" and "Accounting for Impairment or Disposal of Long-lived Assets" ("SFAS No. 142 and 144"). In accordance with SFAS No. 142 and 144, long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, goodwill and intangible assets, the recoverability test is performed using undiscounted net cash flows related to the long-lived assets. d) Foreign Currency Translation The Company's functional currency is the United States dollar as substantially all of the Company's operations were in the United States. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission ("SEC") and in accordance with the SFAS No. 52. Assets and liabilities dominated in a foreign currency were translated at the exchange rate in effect at the period end and capital accounts are translated at historical rates. Income statement accounts are translated at the average rates of exchange prevailing during the period. Translation adjustments arising from the use of difference exchange rates from period to period were included in the cumulative effect of foreign currency translation adjustment account in stockholders' equity. 9 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 3 Summary of Significant Accounting Policies - (cont'd) ------------------------------------------ e) Foreign Currency Translation - (cont'd) Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses are included in the Statement of Operations. f) Loss Per Share Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards No. 128, "Earnings Per Share." As of July 31, 2009, there were no dilutive securities outstanding. h) Business Segments The Company operates in one segment and therefore segment information is not presented Note 4 Acquisition of Mineral Rights ----------------------------- On April 26, 2005, the Company acquired the mining rights to two claims collectively known as the Big Mike Border Gold property located in the Skeena Mining District of British Columbia, Canada, for a purchase price of $3,000. The Company received rights to all minerals contained in the Big Mike Border Gold property. On August 23, 2006 the Company entered into an agreement with Tara Gold Resources Corp., for the La Currita Property, which was effective as of May 30, 2006. According to the agreement the Company was to make payments of $50,000 on the 25th day of each month commencing June 2006 and ending April 2007. A final payment of $25,000 is to be made May 25, 2007. Furthermore, according to the agreement on October 26, 2006, the Company issued and delivered to Tara Gold Resources Corp. 250,000 restricted shares of common stock. The Company has not made payments according to the scheduled required payments and has only paid a total of $150,000 against the scheduled required payments. An amount owing of $425,000 for the agreement is owing. On August 23, 2006 the Company also entered into an agreement with Tara Gold Resources Corp., for the Las Minitas Property, which was effective as of June 1, 2006. According to the agreement the Company was to make payments of $75,000 on the date of the agreement, $225,000 by August 1, 2006, and a final payment of $300,000 was to be made November 1, 2006. Furthermore, according to the agreement on October 26, 2006, the Company issued and delivered to Tara Gold Resources Corp. 1,000,000 (post split) restricted shares of common stock. Upon payment of the balance, the Company will retain a 20% interest in this property. 10 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 4 Acquisition of Mineral Rights - (cont'd) ----------------------------- In May 2007, the Company wire transferred $505,000 to Tara Gold Resources Corp. for a further interest in the La Currita Property. In June 2007 the Company wire transferred an additional $95,000 to Tara Gold Resources Corp. for an additional further interest in the La Currita Property. On May 9, 2008 the Company failed to meet its lease commitment on the La Currita gold leases in Mexico. As a result of the default, the La Currita leases were terminated. Note 5 Loans Related Party ------------------- In May of 2006, the Company received $3,000 in advances from its former president. The balance is non-interest bearing and due on demand On May 25, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus Investment Corp. The Company wired $75,000 on the same date to Tara Gold Resources Corp. as part of a purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. for "Las Minitas" property. On May 26, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus Investment Corp. The Company wired $75,000 on the same date to Tara Gold Resources Corp. as part of a purchase agreement between Raven Gold Corp and Tara Gold Resources Corp for "La Currita" property. On June 25, 2006 the Company borrowed $50,000 from RPMJ Corporate Communications Ltd. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp and Tara Gold Resources Corp for "La Currita" property. On June 27, 2006 the Company borrowed $175,000 from Zander Investment Limited. The Company wired $175,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. for "Las Minitas" property. On July 27, 2006 the Company borrowed $50,000 from Zander Investment Limited. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "La Currita" property. 11 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 5 Loans Related Party - (cont'd) ------------------- On August 23, 2006 the Company borrowed $50,000 from Paradisus Investment Corp. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "Las Minitas "property. On September 21, 2006 the Company borrowed $100,000 from Coach Capital, LLC. The Company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "Las Minitas "property. On October 3, 2006 the Company borrowed $200,000 from 1230144 Alberta Ltd., a private corporation. On October 5, 2006 the Company borrowed $500,000 from Coach Capital, LLC. The Company wired $500,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp., $75,000 for the "Las Minitas" and $425,000 for the "la Currita" properties. On October 12, 2006 the Company borrowed $500,000 from Coach Capital, LLC. The Company wired $500,000 on the same date to Tara Gold Resources Corp. to invest in the Start-Up Capital to be repaid from 60% of the net operating revenue derived from "La Currita" property. On January 25, 2007 the Company wired $50,000 to Tara Gold Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "La Currita" property. On March 7, 2007 the Company borrowed $150,000 from Coach Capital, LLC. The Company wired $150,000 on the same day to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. On April 12, 2007 the Company borrowed $50,000 from Coach Capital, LLC. The Company wired $50,000 on the same day to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. On April 27, 2007 the Company borrowed $50,000 from Coach Capital, LLC for operations. On May 15, 2007 the Company borrowed $205,000 from Coach Capital, LLC. The Company wired $205,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "La Currita" property. On June 13, 2007 the Company borrowed $100,000 from Coach Capital, LLC. The Company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "La Currita" property. 12 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 5 Loans Related Party - (cont'd) ------------------- On July 26, 2007 the Company borrowed $100,000 from Coach Capital, LLC. The Company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for "La Currita" property. On October 2, 2007 the Company borrowed $12,000 from Coach Capital, LLC for operations. On November 9, 2007 the Company borrowed $12,000 from Coach Capital, LLC for operations. On December 11, 2007 the Company borrowed $20,000 from Coach Capital, LLC for operations. In February 2008 the Company borrowed $30,000 from Coach Capital LLC for operations. At July 31, 2009 the Company had promissory notes outstanding totalling $2,554,000 which are unsecured, bear interest at 10% per annum and are due on demand. These notes are due from companies who are shareholders of the Company. The Company has recorded interest of $64,375 as interest expense on the promissory notes. Note 6 Accounts Payable Other ---------------------- At July 31, 2009 the Company has accounts payable other outstanding of $12,560, which were for legal services intended for the Company. The Company disputes these legal services, intends to defend itself against such claim for legal services and has not received any communication with the legal supplier of such services. Note 7 Stockholders' Equity -------------------- During 2005, the Company issued 6,420,000 shares of common stock to its founders for cash of $6,420 ($0.001 per share) During 2005, the Company issued 1,004,000 shares of common stock for cash of $50,200 ($0.05 per share). In June 2006 the Company performed a 5:1 forward split of its common stock for a total of 37,120,000 shares issued and outstanding. On October 6, 2006 the Company entered into an agreement to acquire certain mineral properties from Tara Gold Resources Corp. Terms of the agreement required the Company to issue 500,000 restricted shares of common stock of the Company. On October 6 the Company issued the required restricted common stock of the Company for a stock subscription price of $100,000 ($0.20 per share). 13 RAVEN GOLD CORP. (formerly Riverbank Resources Inc.) (An Exploration Stage Company) NOTES TO THE FINANCIAL STATEMENTS July 31, 2009 (Stated in US Dollars) (Unaudited) --------- Note 7 Stockholders' Equity - (cont'd) -------------------- In March 2007 the Company increased the authorized capital of common stock to 500,000,000. In March 2007 the Company performed a 2:1 forward split of its common stock for a total of 75,240,000 shares issued and outstanding. On March 6, 2008 the Company received a surrender of 40,000,000 shares of common stock surrendered by stockholders. On July 31, 2009 consultants to the Company contributed $40,200 of professional fees to the Company in renunciation by the consultants for payment due to the consultants by the Company Note 8 Statement of Operations - Impairment of Mineral Properties ---------------------------------------------------------- On May 9, 2008 Raven Gold failed to meet its lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. The Company has recorded in the financial statements a complete write down of the Companies investment in joint venture. 14 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Overview Unless the context otherwise requires, all references in this report to "Raven Gold," "our," "us," "we" and the "Company") refer to Raven Gold Corp. We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company's telephone number is (405) 728- 3800. Results Of Operations Three months ended July 31, 2009 compared to three months ended July 31, 2008 Revenues for the three months ended July 31, 2009 were $nil ($nil - 2008). For the three months ended July 31, 2009, operating expenses totaled $3,531 ($15,069 - 2008). This was a decrease of $11,538. This decrease was primarily due to a decrease in professional fees and administrative costs incurred by the Company. Interest expense was $64,375 ($60,963 - 2008). This was an increase of $3,412, due from an increase in borrowed funds. The net loss was $73,966 ($75,053 - 2008) for the three months ended July 31, 2009. The decrease in the net loss for the three months ended July 31, 2009 was due to a decrease of professional fees and administrative costs. On May 9, 2008 Raven Gold failed to meet its lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. Write down of the Company's investment in joint venture was recorded in the year ended April 30, 2008 financial statements. Liquidity and Capital Resources Total current assets as of July 31, 2009 were $282 ($433 - 2008) all in cash. Additionally, a shareholders deficiency in the amount of $3,652,135 as of July 31, 2009 ($3,371,025 - 2008), a direct result of the Company incurring a loss of mineral rights during the year ended April 30, 2008 and a decrease in expenses. We have historically incurred losses and have financed our operations through loans and from the proceeds of the corporation selling shares of our common stock privately. The number of common shares outstanding decreased from 75,240,000 to 35,240,000 effective March 8, 2008. This decrease was a result of the surrender of shares by shareholders of the Company. The Company had a negative cash flow of $5 from operating activities for the three months ended July 31, 2009 ($1,402 - 2008), a decrease in cash outflow of approximately 99%. Cash inflow from financing activities was $40,200 the three months ended July 31, 2009 ($nil - 2008) attributable to the renunciation by consultants to the Company for payment due to the consultants by the Company. Cash outflow from investing activities was $nil for the three months ended July 31, 2009 ($nil - 2008). The on-going negative cash flow from operations raises substantial doubt about our ability to continue as a going concern. The Company's ability to continue as a going concern is dependent on the ability to raise additional capital and implement its business plan. The Company has not realized any revenues since inception, and for the three months ended July 31, 2009. The Company is presently operating at an ongoing deficit. 15 The Company has not attained profitable operations and will require additional funding in order to cover the anticipated professional fees and general administrative expenses and to proceed with the anticipated investigation to identify and purchase new mineral properties worthy of exploration or any other business opportunities that may become available to it. The Company anticipates that additional funding will be required in the form of equity financing from the sale of common stock. However, the Company cannot provide investors with any assurance that sufficient funding from the sale of common stock to fund the purchase and the development of any future projects can be obtained. The Company believes that debt financing will not be an alternative for funding future corporate programs. The Company does not have any arrangements in place for any future equity financings. As of July 31, 2009 the Company had a working capital deficiency of $3,055,315 ($2,814,405 - 2008). A major portion of debt is attributed to payments made for mineral properties, investment in a joint venture and operating deficiency. At July 31, 2009 there was no bank debt. Recent Accounting Pronouncements In June 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes". The interpretation clarifies the accounting for uncertainty in income taxes recognized in a company's financial statements in accordance with SFAS No. 109, "Accounting for Income Taxes". Specifically, the pronouncement prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on the related derecognition, classification, interest and penalties, accounting for interim periods, disclosure and transition of uncertain tax position. The interpretation is effective for fiscal years beginning after December 15, 2006. The adoption of FIN 48 is not expected to have a material impact on the Company's financial position, results of operations or cash flows; however, the Company is still analyzing the effects of FIN 48. In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". This Statement defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure related to the use of fair value measures in financial statements. The Statement is to be effective for the Company's financial statements issued in 2008; however, earlier application is encouraged. The Company does not anticipate the adoption of SFAS No. 157 will have a material impact on the Company's financial statements. SFAS 155, Accounting for certain Hybrid Financial Instruments and SFAS 156, Accounting for servicing of Financial Assets were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements. 16 In May 2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections. This Statement replaces APB Opinion No. 20, Accounting Changes, and FASB statement No 3, Reporting Accounting Changes in Interim Financial Statements, and changes the requirements for the accounting for and reporting of a change in accounting principle. This (Expressed in U.S. Dollars) Statement applies to all voluntary changes in accounting principle. It also applies to changes required by an accounting pronouncement in the usual instance that the pronouncement does not include specific transition provisions. SFAS 154 also requires that a change in depreciation, amortization or depletion method for long-lived, non-financial assets be accounted for as a change in accounting estimate affected by a change in accounting principle. This Statement is effective in fiscal years beginning after December 15, 2005. The Company does not anticipate the adoption of SFAS No. 154 will have a material impact on the Company's financial statements. In September 2006, the SEC issued Staff Accounting Bulletin No. 108 ("SAB 108"). Due to diversity in practice among registrants, SAB 108 expressed SEC staff views regarding the process by which misstatements in financial statements are evaluated for purposes of determining whether financial statement restatement is necessary. SAB 108 is effective for fiscal years ending after November 15, 2006, and early application is encouraged. The Company does not anticipate the adoption of SFAS No. 108 will have a material impact on the Company's financial statements. Critical Accounting Policies We have identified the policies outlined below as critical to our business operations. The list is not intended to be a comprehensive list of all of our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application. The impact and any associated risks related to these policies on our business operations are discussed throughout Management's Plan of Operations where such policies affect our reported and expected financial results. Note that our preparation of the financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. There can be no assurance that actual results will not differ from those estimates. Going Concern The Company has not attained profitable operations and is dependent upon obtaining financing to pursue its business objectives. For these reasons, the Company's auditors stated in their report on the Company's audited financial statements that they have substantial doubt the Company will be able to continue as a going concern without further financing. The Company may continue to rely on equity sales of the common shares in order to continue to fund the Company's business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that the Company will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned business activities. Off-Balance Sheet Arrangements The Company has no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders. 17 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. Not applicable. ITEM 4. CONTROLS AND PROCEDURES. Evaluation of Disclosure Controls and Procedures We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit to the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission's rules and forms, and that information is accumulated and communicated to our management, including our principal executive and principal financial officer (whom we refer to in this periodic report as our Certifying Officer), as appropriate to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our Certifying Officer, the effectiveness of our disclosure controls and procedures as of July 31, 2009, pursuant to Rule 13a-15(b) under the Securities Exchange Act. Based upon that evaluation, our Certifying Officer concluded that, as of July 31, 2009, our disclosure controls and procedures were effective. Changes in Internal Controls There were no changes in our internal control over financial reporting that occurred during the quarter ended July 31, 2009, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. PART II Item 1. Legal Proceedings. We are not currently a party to any legal proceedings and, to our knowledge, no such proceedings are threatened or contemplated. Item 1.A. Risk Factors Not applicable. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. None. Item 3. Defaults upon Senior Securities. None. Item 4. Submission of Matters to a Vote of Security Holders. None. 18 Item 5. Other Information. None. Item 6. Exhibits Exhibit No. Description of Exhibit ----------- ---------------------- 31.1 Rule 13a-14 Certification of Chief Executive Officer and Chief Financial Officer 32.1 Section 1350 Certification of Chief Executive Officer and Chief Financial Officer 19 SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. RAVEN GOLD CORP. By: /s/ Mike Wood ----------------------------------------- Mike Wood President and Chief Executive Officer (acting principal financial officer) Date: September 21, 2009 ------------------ 20

For the quarterly period ended January 31, 2009

o 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: 333-126680

Raven Gold Corp.

(Exact name of registrant as specified in its charter)

	Nevada			20-2551275
	(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification Number)

7250 NW Expressway, Suite 260

OKLAHOMA CITY, OK, 73132

(Address of principal executive offices)

(405) 728-3800

(Registrant’s telephone number, including area code)

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

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o

Non-accelerated filer o 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 o

At March 13, 2009, 35,240,000 shares of the Registrant’s Common Stock were outstanding.

ITEM 1. FINANCIAL STATEMENTS

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

BALANCE SHEETS

(Stated in US Dollars)

	January 31,	April 30,
ASSETS	2009	2008
	(Unaudited)
Current
Cash and Equivalents	$ 285	$ 1,835
Total Assets	$ 285	$ 1,835
LIABILITIES
Current
Accounts Payable	$ 61,347	$ 47,261
Advances from Related party	3,100	3,100
Accrued Interest	326,538	136,826
Loans Payable	2,554,000	2,554,000
Total Liabilities	2,944,985	2,741,187
STOCKHOLDERS’ EQUITY (DEFICIENCY)
Preferred stock, $0.001 par value, 1,000,000 shares authorized,
None issued and outstanding.
Common stock, $0.001 par value, 500,000,000 authorized, 35,240,000 shares issued and outstanding as of January 31, 2009 and April 30, 2008	35,240	35,240
Additional paid-in capital	521,380	521,380
Deficit accumulated during the exploration stage	(3,501,320)	(3,295,972)
Total Stockholders’ Deficit	(2,944,700)	(2,739,352)
Total Liabilities and Stockholders’ Deficit	$ 285	$ 1,835

The accompanying notes are an integral part of these financial statements

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

STATEMENTS OF OPERATIONS

(Stated in US Dollars)

(Unaudited)

					February 9, 2005
					(Date of
	Three months ended		Nine months ended		Inception) to
	January 31,		January 31,		January 31,
	2009	2008	2009	2008	2009
Expenses
Exploration costs and expenses	$ -	$ -	$ -	$ 6,286	$ 29,750
Professional fees	5,669	4,427	21,367	60,347	186,744
General and administrative	54	22,917	1,404	88,019	154,337
Listing and filing	-	2,335	116	15,141	47,922
Investor relations	-	-	-	10,723	35,670
Total expenses	5,724	29,679	22,887	180,516	454,424
Loss before other items	(5,724)	(29,679)	(22,887)	(180,516)	(454,424)
Other Income and Expenses
Interest Expense	(64,374)	(25,931)	(189,712)	(128,004)	(326,538)
Impairment (loss) of Mineral Rights	-	-	-	-	(2,728,000)
Foreign Currency transaction (loss)	585	3,847	7,251	2,635	7,642
Net loss for the period	$ (69,513)	$ (59,457)	$ (205,348)	$ (305,885)	$ (3,501,320)
Basic and diluted loss per share – continuing operations	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of shares outstanding	35,240,000	75,240,000	35,240,000	75,240,000

The accompanying notes are an integral part of these financial statements

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)

from February 9, 2005 (Date of Inception) to January 31, 2009

(Stated in US Dollars)

(Unaudited)

						Deficit
						Accumulated
					Additional	During the
	Preferred Shares		Common Shares		Paid-in	Exploration
	Shares	Amount	Shares	Amount	Capital	Stage	Total
Capital stock issued for cash February 9, 2005: - at $0.00001	-	$ -	64,200,000	$ 64,200	$(57,780)	$ -	$ 6,420
- at $0.005	-	-	10,040,000	10,040	40,160	-	50,200
Net loss for the period February 9, 2005 (inception) to April 30, 2005	-	-	-	-	-	(7,290)	(7,290)
Balance, as at April 30, 2005	-	-	74,240,000	74,240	(17,620)	(7,290)	49,330
Net loss for the year	-	-	-	-	-	(50,917)	(50,917)
Balance, as at April 30, 2006	-		74,240,000	74,240	(17,620)	(58,207)	(1,587)
Stock issued for investment in Joint Venture at $0.50/share	-	-	1,000,000	1,000	499,000	-	500,000
Net loss for the year	-		-	-	-	(154,581)	(154,581)
Balance, as at April 30, 2007	-	-	75,240,000	75,240	481,380	(212,788)	343,832
Surrender of stock March 30, 2008 (Note 6)	-	-	(40,000,000)	(40,000)	40,000
Net loss for the year	-	-	-	-	-	(3,083,184)	(3,083,184)
Balance, as at April 30, 2008	-	-	35,240,000	35,240	521,380	(3,295,972)	(2,739,352)
Net loss for the period	-	-	-	-	-	(205,348)	(205,348)
Balance, as at January 31, 2009	-	$ -	35,240,000	$35,240	$521,380	$(3,501,320)	$ (2,944,700)

The accompanying notes are an integral part of these financial statements

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

STATEMENTS OF CASH FLOWS

(Stated in US Dollars)

(Unaudited)

			February 9, 2005
			(Date of
	Nine months ended		Inception) to
	January 31,		January 31,
	2009	2008	2009
Operating Activities
Net loss for the period	$ (205,348)	$ (305,885)	$ (3,501,320)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment of mineral properties	-	-	2,725,000
Accounts payable and expenses	14,086	9,079	61,347
Interest expense	189,712	128,004	326,538
Cash used in operating activities	(1,550)	(168,802)	(388,435)
Investing Activities
Purchase of mineral rights	-	(600,000)	(2,225,000)
Cash used in investing activities	-	(600,000)	(2,225,000)
Financing Activities
Issuance of common stock	-	-	56,620
Issuance of promissory notes payable	-	449,000	2,554,000
Due to related party	-	-	3,100
Cash from financing activities	-	449,000	2,613,720
Increase (decrease) in cash during the period	(1,550)	(319,802)	285
Cash, beginning of the period	1,835	321,671	-
Cash, end of the period	$ 285	$ 1,869	$ 285

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 1 Interim Reporting

The information presented in the accompanying interim nine months financial statements is unaudited. The information includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. These interim financial statements follow the same accounting policies and methods of their application as the Company’s April 30, 2008 annual financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s April 30, 2008 annual financial statements.

Note 2 Basis of Presentation

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At January 31, 2009, the Company had not yet achieved profitable operations, has accumulated losses of $3,501,320 since its inception, has a working capital deficiency of $2,944,700 (April 30, 2008 - $2,739,352) and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available.

Note 3 Summary of Significant Accounting Policies

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgement. Actual results may vary from these estimates.

The financial statements have, in management’s opinion been properly prepared within the framework of the significant accounting policies summarized below:

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 3 Summary of Significant Accounting Policies – (cont’d)

a) Use of estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.

b) Cash and Cash Equivalents

For purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchaser to be cash equivalent.

d) Long-lived Assets

The Company accounts for long-lived assets under the statements of Financial Accounting Standards Nos. 142 and 144 “Accounting for Goodwill and Other Intangible Assets” and “Accounting for Impairment or Disposal of Long-lived Assets” (“SFAS No. 142 and 144”). In accordance with SFAS No. 142 and 144, long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, goodwill and intangible assets, the recoverability test is performed using undiscounted net cash flows related to the long-lived assets.

e) Foreign Currency Translation

The Company’s functional currency is the United States dollar as substantially all of the Company’s operations were in the United States. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”) and in accordance with the SFAS No. 52.

Assets and liabilities dominated in a foreign currency were translated at the exchange rate in effect at the period end and capital accounts are translated at historical rates. Income statement accounts are translated at the average rates of exchange prevailing during the period. Translation adjustments arising from the use of difference exchange rates from period to period were included in the cumulative effect of foreign currency translation adjustment account in stockholders’ equity.

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 3 Summary of Significant Accounting Policies – (cont’d)

e) Foreign Currency Translation – (cont’d)

Transactions undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses are included in the Statement of Operations.

g) Loss Per Share

Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards No. 128, “Earnings Per Share.” As of January 31, 2009, there were no dilutive securities outstanding.

h) Business Segments

The Company operates in one segment and therefore segment information is not presented

Note 4 Acquisition of Mineral Rights

On April 26, 2005, the Company acquired the mining rights to two claims collectively known as the Big Mike Border Gold property located in the Skeena Mining District of British Columbia, Canada, for a purchase price of $3,000. The Company received rights to all minerals contained in the Big Mike Border Gold property.

On August 23, 2006, the Company entered into an agreement with Tara Gold Resources Corp., for the La Currita Property, which was effective as of May 30, 2006. According to the agreement the Company was to make payments of $50,000 on the 25th day of each month commencing June 2006 and ending April 2007. A final payment of $25,000 is to be made May 25, 2007. Furthermore, according to the agreement on October 26, 2006, the Company issued and delivered to Tara Gold Resources Corp. 250,000 restricted shares of common stock. The Company has not made payments according to the scheduled required payments and has only paid a total of $150,000 against the scheduled required payments. An amount of $425,000 for the agreement is owing.

On August 23, 2006, the Company also entered into an agreement with Tara Gold Resources Corp., for the Las Minitas Property, which was effective as of June 1, 2006. According to the agreement the Company was to make payments of $75,000 on the date of the agreement, $225,000 by August 1, 2006, and a final payment of $300,000 was to be made November 1, 2006. Furthermore, according to the agreement on October 26, 2006, the Company issued and delivered to Tara Gold Resources Corp. 1,000,000 (post split) restricted shares of common stock. Upon payment of the balance, the Company will retain a 20% interest in this property.

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 4 Acquisition of mineral Rights – (cont’d)

In May 2007, the Company wire transferred $505,000 to Tara Gold Resources Corp. for a further interest in the La Currita Property.

In June 2007 the Company wire transferred an additional $95,000 to Tara Gold Resources Corp. for an additional further interest in the La Currita Property.

Note 5 Loans

In May of 2006, the Company received $3,000 in advances from its former president. The balance is non-interest bearing and due on demand

On May 25, 2006, the Company borrowed funds in the amount of $75,000 from Paradisus Investment Corp. The Company wired $75,000 on the same date to Tara Gold Resources Corp. as part of a purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. for “Las Minitas” property.

On May 26, 2006, the Company borrowed funds in the amount of $75,000 from Paradisus Investment Corp. The Company wired $75,000 on the same date to Tara Gold Resources Corp. as part of a purchase agreement between Raven Gold Corp and Tara Gold Resources Corp for “La Currita” property.

On June 25, 2006, the Company borrowed $50,000 from RPMJ Corporate Communications Ltd. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp and Tara Gold Resources Corp for “La Currita” property.

On June 27, 2006, the Company borrowed $175,000 from Zander Investment Limited. The Company wired $175,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp. for “Las Minitas” property.

On July 27, 2006, the Company borrowed $50,000 from Zander Investment Limited. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “La Currita” property.

On August 23, 2006, the Company borrowed $50,000 from Paradisus Investment Corp. The Company wired $50,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “Las Minitas “property.

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 5 Loans – (cont’d)

On September 21, 2006, the Company borrowed $100,000 from Coach Capital, LLC. The Company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “Las Minitas “property.

On October 3, 2006, the Company borrowed $200,000 from 1230144 Alberta Ltd., a private corporation.

On October 5, 2006, the Company borrowed $500,000 from Coach Capital, LLC. The Company wired $500,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp., $75,000 for the “Las Minitas” and $425,000 for the “La Currita” properties.

On October 12, 2006, the Company borrowed $500,000 from Coach Capital, LLC. The company wired $500,000 on the same date to Tara Gold Resources Corp. to invest in the Start-Up Capital to be repaid from 60% of the net operating revenue derived from “La Currita” property.

On January 25, 2007, the Company wired $50,000 to Tara Gold Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “La Currita” property.

On March 7, 2007, the Company borrowed $150,000 from Coach Capital, LLC. The Company wired $150,000 on the same day to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp.

On April 12, 2007, the Company borrowed $50,000 from Coach Capital, LLC. The Company wired $50,000 on the same day to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp.

On April 27, 2007, the Company borrowed $50,000 from Coach Capital, LLC for operations.

On May 15, 2007, the Company borrowed $205,000 from Coach Capital, LLC. The company wired $205,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “La Currita” property.

On June 13, 2007, the Company borrowed $100,000 from Coach Capital, LLC. The company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “La Currita” property.

On July 26, 2007 the Company borrowed $100,000 from Coach Capital, LLC. The company wired $100,000 on the same date to Tara Gold Resources Corp. as part of the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp for “La Currita” property.

On October 2, 2007, the Company borrowed $12,000 from Coach Capital, LLC for operations.

RAVEN GOLD CORP.

(formerly Riverbank Resources Inc.)

(An Exploration Stage Company)

NOTES TO THE FINANCIAL STATEMENTS

January 31, 2009

(Stated in US Dollars)

(Unaudited)

Note 5 Loans – (cont’d)

On November 9, 2007, the Company borrowed $12,000 from Coach Capital, LLC for operations.

On December 11, 2007, the Company borrowed $20,000 from Coach Capital, LLC for operations

In February 2008, the Company borrowed $30,000 from Coach Capital, LLC for operations.

At January 31, 2009, the Company had promissory notes outstanding totalling $2,554,000 which are unsecured, bear interest at 10% per annum and are due on demand. These notes are due from companies who are shareholders of the Company. The Company has recorded interest of $189,712 as interest expense on the promissory notes.

Note 6 Stockholders’ Equity

During 2005, the Company issued 6,420,000 shares of common stock to its founders for cash of $6,420 ($0.001 per share)

During 2005, the Company issued 1,004,000 shares of common stock for cash of $50,200 ($0.05 per share).

In June 2006, the Company performed a 5:1 forward split of its common stock for a total of 37,120,000 shares issued and outstanding.

On October 6, 2006, the Company entered into an agreement to acquire certain mineral properties from Tara Gold Resources Corp. Terms of the agreement required the Company to issue 500,000 restricted shares of common stock of the Company. On October 6 the Company issued the required restricted common stock of the Company for a stock subscription price of $100,000 ($0.20 per share).

In March 2007, the Company increased the authorized capital of common stock to 500,000,000.

In March 2007, the Company performed a 2:1 forward split of its common stock for a total of 75,240,000 shares issued and outstanding.

On March 6, 2008, the Company received a surrender of 40,000,000 shares of common stock, surrendered by stockholders.

Note 7 Statement of Operations-Impairment of Mineral Properties

On May 9, 2008, the Company failed to meet its lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. The Company has recorded in the financial statements a complete write down of the Company’s investment in the joint venture.

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

Overview

Unless the context otherwise requires, all references in this report to “Raven Gold,” “our,” “us,” “we” and the “Company”) refer to Raven Gold Corp.

We were originally incorporated on February 9, 2005, in the State of Nevada under the name of Riverbank Resources, Inc., as a developmental stage company. Subsequently, we changed our name to Raven Gold Corp. The Company's principal executive offices are located at 7250 NW Expressway, suite 260, Oklahoma City, OK. The Company’s telephone number is (405) 728-3800.

Results of Operations

Three months ended January 31, 2009 compared to three months ended January 31, 2008

Revenues for both the three months ended January 31, 2009 and the three months ended January 31, 2008 were $nil.

As we did not earn any revenues for three months ended January 31, 2009, our cost of revenues for three months ended January 31, 2009 was $0.

Our professional fees, including legal, accounting and public relations fees, were $5,669 for the three months ended January 31, 2009, as compared to $4,427 during the three months ended January 31, 2008. An increase of $1,242 or 28%, which is primarily due to an increase in professional service costs.

Our general and administrative expenses were $54 for the three months ended January 31, 2009, as compared to $22,917 during the three months ended January 31, 2008. This is mainly due to a decrease in administrative staff, office rental and general office expenses.

Our listing and filings fees expenses during the three months ended January 31, 2009 decreased approximately 100% from $2,335 for the three months ended January 31, 2008 to $0 during the three months ended January 31, 2009, due primarily, from a fewer number of transactions during the period.

Our interest expense during the three months ended January 31, 2009 was $64,374 as compared to $25,931 for the three months ended January 31, 2008. This increase of $38,443 is due to an increase in promissory notes issued by us from January 31, 2009 and January 31, 2008.

Total expenses for the three months ended January 31, 2009 were $5,724 as compared to $29,679 for the three months ended January 31, 2008, representing a decrease in total expenses of $23,955 or 81%, due primarily from a decrease in general and administrative expenses and filing expenses.

Our net loss for the three months ended January 31, 2009 was $69,513 compared to a net loss of $59,457 for three months ended January 31, 2008, an increase of $10,056, or 17%. The net loss increase was primarily due to an increase in interest expenses.

Nine months ended January 31, 2009 compared to nine months ended January 31, 2008

Revenues for both the nine months ended January 31, 2009 and the nine months ended January 31, 2008 were $nil.

For the nine months ended January 31, 2009, operating expenses totaled $22,887 as compared to operating expenses of $180,516 for the nine months ended January 31, 2008. This was a decrease of $157,629 or 87%. This

decrease was primarily due to a decrease in professional fees, administrative costs, investor relations and filing costs incurred by us.

Interest expense was $189,712 for the nine months ended January 31, 2009 as compared to interest expense of $128,004 for the nine months ended January 31, 2008. This was an increase of $61,708, due from an increase in borrowed funds.

The net loss was $205,348 for the nine months ended January 31, 2009 as compared to a net loss of $305,885 for the nine months ended January 31, 2008. The decrease in net loss for the nine months ended January 31, 2009 was due to a decrease in administrative costs, professional fees, investor relations and filing costs.

On May 9, 2008, we failed to meet out lease commitment on the La Currita gold leases in Mexico. As a result of the default the La Currita leases were terminated. Write down of our investment in joint venture was recorded in the year ended April 30, 2008 financial statements.

Liquidity and Capital Resources

Total current assets as of January 31, 2009 were $285 as compared to total current assets of $1,835 as of April 30, 2008. Additionally, our shareholders deficiency was $3,501,320 as of January 31, 2009 as compared to a shareholders deficiency of $3,295,972 as of April 30, 2008, a direct result of our loss of mineral rights during the year ended April 30, 2008. We have historically incurred losses and have financed our operations through loans and from the proceeds of the corporation selling shares of our common stock privately.

The number of common shares outstanding decreased from 75,240,000 to 35,240,000 effective March 8, 2008. This decrease was a result of the surrender of shares by our shareholders.

We had a negative cash flow of $1,550 from operating activities for the nine months ended January 31, 2009 as compared to a negative cash flow of $168,802 from operating activities for the nine months ended January 31, 2008, a decrease in cash outflow of approximately 99%.

Cash inflow from financing activities was $nil for the nine months ended January 31, 2009 as compared to a cash inflow of $449,000 from financing activities for the nine months ended January 31, 2008. This decrease was attributable to our inability to raise financing.

Cash outflow from investing activities was $nil for the nine months ended January 31, 2009 as compared to cash outflow from investing activities of $600,000 for the nine months ended January 31, 2008.

The on-going negative cash flow from operations raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement our business plan.

We have not realized any revenues since inception, and for the nine months ended January 31, 2009. We are presently operating at an ongoing deficit.

We have not attained profitable operations and will require additional funding in order to cover the anticipated professional fees and general administrative expenses and to proceed with the anticipated investigation to identify and purchase new mineral properties worthy of exploration or any other business opportunities that may become available to us. We anticipate that additional funding will be required in the form of equity financing from the sale of common stock. However, we cannot provide investors with any assurance that sufficient funding from the sale of common stock to fund the purchase and the development of any future projects can be obtained. We believe that debt financing will not be an alternative for funding future corporate programs. We do not have any arrangements in place for any future equity financings.

As of January 31, 2009, we had a working capital deficiency of $2,944,700 compared to a working capital deficiency of $2,739,352 as of April 30, 2008. A major portion of debt is attributed to payments made for mineral properties, investment in a joint venture and operating deficiency.

At January 31, 2009 there was no bank debt.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue our business objectives. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt we will be able to continue as a going concern without further financing.

We may continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned business activities.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit to the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission’s rules and forms, and that information is accumulated and communicated to our management, including our principal executive and principal financial officer (whom we refer to in this periodic report as our Certifying Officer), as appropriate to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our Certifying Officer, the effectiveness of our disclosure controls and procedures as of January 31, 2009, pursuant to Rule 13a-15(b) under the Securities Exchange Act. Based upon that evaluation, our Certifying Officer concluded that, as of January 31, 2009, our disclosure controls and procedures were effective.

Changes in Internal Controls

There were no changes in our internal control over financial reporting that occurred during the quarter ended January 31, 2009, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

Item 1. Legal Proceedings.

We are not currently a party to any legal proceedings and, to our knowledge, no such proceedings are threatened or contemplated.

Item 1.A. Risk Factors

Not applicable.

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

None.

Item 3. Defaults upon Senior Securities.

None.

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

None.

Item 5. Other Information.

None.

Item 6. Exhibits

Exhibit No.	Description of Exhibit
31.1	Rule 13a-14 Certification of Chief Executive Officer and Chief Financial Officer
32.1	Section 1350 Certification of Chief Executive Officer and Chief Financial Officer

SIGNATURES

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

RAVEN GOLD CORP.

By: /s/ Mike Wood Mike Wood, President and Chief Executive Officer (acting principal financial officer)

Date: March 16, 2009

INDEX TO EXHBIITS
Exhibit No.	Descrption	Method of Filing
31.1	Rule 13a-14 Certification of Chief Executive Officer and Chief Financial Officer	Filed herewith electronically
32.1	Section 1350 Certification of Chief Executive Officer and Chief Financial Officer	Filed herewith electronically

Filing Compare · RAVEN GOLD CORP