BLACK RANGE MINERALS LTD. Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly reportIntroduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
BLACK RANGE MINERALS LIMITED
ABN Quarter ended ("current quarter")
86 009 079 047 30 June 2014
Consolidated statement of cash flowsCash flows related to operating activities
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other - Contributions to Ablation Joint
Venture
Net Operating Cash Flows
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report1.13 Total operating and investing cash flows (brought forward) | (400) | (5,141) |
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other - Convertible Loan Facilities Net financing cash flows | 1,500 ‐ ‐ ‐ ‐ 210 | 1,500 ‐ ‐ ‐ ‐ 3,960 |
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other - Convertible Loan Facilities Net financing cash flows | 1,710 | 5,460 |
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | 1,310 168 ‐ | 319 1,159 ‐ |
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | 1,478 | 1,478 |
Current quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 55
1.24 Aggregate amount of loans to the parties included in item 1.10 ‐
1.25 Explanation necessary for an understanding of the transactions
Payments for rent, secretarial and use of serviced office ‐ $9,900
Payments for Directors consulting fees and Directors fees ‐ $45,159
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Conversion of $1,633,000 of outstanding amounts under the Company's first convertible loan facility to equity (@ $0.01 per share) resulting in the issue of 163,300,000 new shares.
Conversion of $1,700,000 of outstanding amounts under the Company's second convertible loan facility to equity (@ $0.012 per share) resulting in the issue of 141,666,667 new shares.
+ See chapter 19 for defined terms.
Appendix 5B Page 2 01/05/2013
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
Nil
Add notes as necessary for an understanding of the position.
3.1 Loan facilities*
3.2 Credit standby arrangements
*The key terms of the $2 million convertible loan facility ("Third Convertible Loan Facility") are set out in the ASX announcement dated 27 February 2014. Shareholder approval was received on 26 June 2014 for the issue of shares, at an issue price of $0.00816 on or before 3 March 2015, in full satisfaction of the amounts owing under the Third Convertible Loan Facility, including any future amounts owing as a result of further draw downs.
4.1 Exploration and evaluation
4.2 Development
4.3 Production
4.4 Administration
**Includes payment of US$1 million to STB Minerals LLC, made in July 2014, being part consideration for the 3 year extension of the Company's option to acquire a 51% interest in the Hansen Uranium Deposit
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
5.1 Cash on hand and at bank
5.2 Deposits at call
5.3 Bank overdraft
5.4 Other (provide details)
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly reportTotal: cash at end of quarter (item 1.22) 1,478 168
Changes in interests in mining tenements and petroleum tenements
6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements and petroleum tenements acquired or increased
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
7.3 +Ordinary securities
7.4 Changes during quarter
(a) Increases through issues (b) Decreases through returns of capital, buy‐ backs
+ See chapter 19 for defined terms.
Appendix 5B Page 4 01/05/2013
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
7.12 Unsecured notes (totals only)
***Subsequent to the end of the quarter, in July 2014 a further (i) 133,333,253 shares were issued pursuant to a share purchase plan (refer announcement 21 July 2014); (ii) 106,769,165 shares were issued as part consideration for extension of the STB Minerals option (refer announcement 21 July 2014); and (iii) 178,111,109 shares were issued pursuant to a top-up placement (refer announcement 28 July 2014).
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Ian Cunningham.................................... Date: ..31 July 2014..... (Company Secretary)
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 5
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Notes1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of
Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
+ See chapter 19 for defined terms.
Appendix 5B Page 6 01/05/2013
|
distributed by
|
