GOLD RUSH CARIBOO CORP.
Interim Condensed Consolidated Financial Statements For the three and nine months ended March 31, 2020 and March 31, 2019
(Unaudited - Prepared by Management) (Expressed in Canadian dollars)
NOTICE TO READER
The accompanying unaudited condensed interim consolidated financial statements of Gold Rush Cariboo Corp. (the "Company") for the nine months ended March 31, 2020 have been prepared by management, reviewed by the Audit Committee and approved by the Board of Directors of the Company.
In accordance with National Instrument 51-102, Continuous Disclosure Obligations of the Canadian Securities Administrators, the Company herewith discloses that the accompanying unaudited condensed interim consolidated financial statements have not been reviewed by an auditor.
Toronto, Ontario
July 14, 2020
See accompanying notes to the unaudited interim condensed consolidated financial statements | 1 |
GOLD RUSH CARIBOO CORP.
Interim Condensed Consolidated Statements of Financial Position As at March 31, 2020 and June 30, 2019
(Unaudited)
(Expressed in Canadian dollars)
March 31, 2020 | June 30, 2019 | |||||||
(Unaudited) | (Audited) | |||||||
Assets | ||||||||
Current | ||||||||
Cash (Note 5) | $ | 44,457 | $ | 30,078 | ||||
GST/HST receivable (Note 6) | 24,665 | 20,147 | ||||||
Prepaid expenses and deposits (Note 7) | 6,300 | - | ||||||
75,422 | 50,225 | |||||||
Property, plant and equipment (Note 8) | 15,643 | 22,008 | ||||||
Mining Equipment (Note 8) | 1 | 1 | ||||||
Mining property & rights acquisition costs (Note 9) | 2 | 2 | ||||||
Total Assets | $ | 91,068 | $ | 72,236 | ||||
Liabilities | ||||||||
Current | ||||||||
Accounts payable and accrued liabilities | $ | 385,995 | $ | 183,820 | ||||
Due to consultants (Note 11) | 234,043 | 188,327 | ||||||
Due to other companies | 324,656 | - | ||||||
Current portion of convertible promissory note payable (Note | ||||||||
12) | 375,000 | 375,000 | ||||||
1,319,694 | 772,147 | |||||||
Convertible Promissory Note Payable (Note 12) | 1,098,929 | 1,098,929 | ||||||
Shareholders' Equity | ||||||||
Share capital | 7,342,715 | 7,342,715 | ||||||
Equity component of convertible promissory note | ||||||||
payable (Note 12) | 984,700 | 984,700 | ||||||
Warrant reserve (Note 13(c)) | 1,183,961 | 1,183,961 | ||||||
Share-based payments reserve (Note 13(d)) | 453,754 | 453,754 | ||||||
Contributed surplus (Note 13(e)) | 2,683,843 | 2,683,843 | ||||||
Deficit | (14,976,528) | (14,447,813) | ||||||
(2,327,555) | (1,798,840) | |||||||
Total Liabilities and Shareholders' Equity | $ | 91,068 | $ | 72,236 | ||||
Nature of Operations and Going Concern (Note 1) | ||||||||
Commitments and Contingencies (Note 16) | ||||||||
Approved by the Board | "Brian Stecyk" | "Conan Taylor" | ||||||
Director (Signed) | Director (Signed) |
See accompanying notes to the unaudited interim condensed consolidated financial statements | 2 |
GOLD RUSH CARIBOO CORP.
Interim Condensed Consolidated Statements of Loss and Comprehensive Loss For the Three and Nine Months Ended March 31, 2020 and March 31, 2019 (Unaudited)
(Expressed in Canadian dollars)
Three Months | Nine Months | ||||||||
March 31, | March 31, | ||||||||
2020 | 2019 | 2020 | 2019 | ||||||
Expenses | |||||||||
Exploration and evaluation | $ | 2,395 | $ | 4,132 | $112,664 | $ | 145,924 | ||
expenditures (Note 17) | |||||||||
Management fees | 114,612 | - | 152,011 | 27,000 | |||||
Professional fees | 5,361 | 18,502 | 44,168 | 36,002 | |||||
Investor relations | 2,325 | - | 8,478 | 980 | |||||
Filing and transfer fees | 2,406 | 2,618 | 23,950 | 7,628 | |||||
General and administrative | 3,909 | 14,445 | 38,802 | 18,535 | |||||
Interest on convertible promissory | |||||||||
note (Note 12) | 47,425 | - | 142,275 | 89,474 | |||||
Amortization (Note 8) | 2,904 | 33,383 | 6,367 | 100,477 | |||||
181,337 | 73,080 | 528,715 | 446,530 | ||||||
Net Loss and Comprehensive Loss | |||||||||
for the period | (181,337) | (73,080) | (528,715) | (446,530) | |||||
Basic and diluted loss per common | |||||||||
share | $ | (0.00) | $ | (0.00) | $ | (0.01) | $ | (0.01) | |
Weighted average number of | |||||||||
common shares outstanding | 39,632,411 | 39,407,411 | 39,632,411 | 39,407,411 |
See accompanying notes to the unaudited interim condensed consolidated financial statements | 3 |
GOLD RUSH CARIBOO CORP.
Interim Condensed Consolidated Statements of Changes in Deficiency For the Nine Months Ended March 31, 2020 and March 31, 2019 (Unaudited)
(Expressed in Canadian dollars)
Number of | Amount | Equity | Warrants | Share-based | Contributed | Accumulated | Total | ||||||||
Shares | Component | Reserve | Payments | Surplus | Deficit | ||||||||||
(Note 1) | of Convertible | Reserve | |||||||||||||
Balance at June 30, 2018 | 39,407,411 | $ | 7,304,472 | $ | 984,700 | $ | 1,265,799 | $ | 469,497 | $ | 2,602,005 | $ | (9,277,707) | $ | 3,348,766 |
Expiry of stock options | - | - | - | - | (6,997) | 6,997 | - | - | |||||||
Valuation of warrants | - | 585,381 | - | (585,381) | - | - | - | - | |||||||
Expiry of warrants | - | - | - | (81,838) | - | 81,838 | - | - | |||||||
Net loss and comprehensive loss for the period | - | - | - | - | - | - | (446,530) | (446,530) | |||||||
Balance at March 31, 2019 | 39,407,411 | $ | 7,889,853 | $ | 984,700 | $ | 598,580 | $ | 462,500 | $ | 2,690,840 | $ | (9,724,237) | $ | 2,902,236 |
Balance at June 30, 2019 | 39,632,411 | $ | 7,342,715 | $ | 984,700 | $ | 1,183,961 | $ | 453,754 | $ | 2,683,843 | $ | (14,447,813) | $ | (1,798,840) |
Net loss and comprehensive loss for the period | - | - | - | - | - | - | (528,715) | (528,715) | |||||||
Balance at March 31, 2020 | 39,632,411 | $ | 7,342,715 | $ | 984,700 | $ | 1,183,961 | $ | 453,754 | $ | 2,683,843 | $ | (14,976,528) | $ | (2,327,555) |
See accompanying notes to the unaudited interim condensed consolidated financial statements | 4 |
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Allied Copper Corp. published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 22:37:10 UTC.