Lake Forest Minerals Inc. | 2013 | FY | 3


5 - GOING CONCERN

 

The Company has incurred net losses of approximately $85,134 for the period from June 23, 2008 (Date of Inception) through June 30, 2013 and has commenced limited operations, raising substantial doubt about the Company's ability to continue as a going concern.  The Company  will seek  additional  sources of capital  through the issuance  of debt or equity  financing,  but there  can be no  assurance  the Company will be successful in accomplishing its objectives.

 

The ability of the Company to continue as a going concern is dependent on additional sources of capital and the success of the Company's plan.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


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