BLACKROCK SILVER CORP. BLACKROCK SILVER CORP.
Condensed Consolidated Interim Financial Statements
For the Three Months Ended January 31, 2022 and 2021
(Unaudited - Expressed in Canadian Dollars)
Condensed Consolidated Interim Statements of Financial Position (Expressed in Canadian Dollars)
Assets Current assets
Cash
Amounts receivable
Prepaid expenses and deposits
Non-current assets
Guaranteed investment certificate (Note 9)
Equipment
Exploration and evaluation assets (Note 4)
Liabilities and Shareholders' Equity Current liabilities
Accounts payable and accrued liabilities Due to related parties (Note 6)
Share compensation liability (Note 5)
Long-term liabilities
Share compensation liability (Note 5)
Shareholders' Equity
Share capital (Note 5) Reserves (Note 5) Deposit for share issuance
Accumulated other comprehensive income (loss) Deficit
Nature of Operations and Going Concern (Note 1)
Commitments and Contingencies (Note 9)
Subsequent Events (Note 10)
Approved by the Directors:
"David Laing"
David Laing, Director
"Tony Wood"
January 31, 2022 (unaudited)
$
6,446,455 106,018 216,403 6,768,876
$
33,000 156,783 2,561,980
$
9,520,639
$
$
424,706 $ 829,292 95,690 260,090 216,291 231,680
736,687
155,563 892,250
48,930,222 41,665,824
9,470,378 9,315,760
- 5,045,611
166,360 (49,938,571)
8,628,389
$
9,520,639
$
Tony Wood, DirectorOctober 31, 2021 (audited)
8,535,438 80,379 139,293 8,755,110
33,000 136,895 2,515,193
11,440,198
1,321,062
180,447 1,501,509
56,282 (46,144,788)
9,938,689
11,440,198
The accompanying notes are an integral part of these condensed consolidated interim financial statements
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited - Expressed in Canadian Dollars)
Exploration expenditures (Note 4)
Drilling
Geology and consulting (Note 6(iv)) Geophysics
Legal fees
Operating expenses
Accounting and audit
Bank charges and interest
Consulting fees (Note 6)
Insurance
Legal fees
Management fees (Note 6)
Marketing and communications
Office
Regulatory and filing fees
Rent
Share-based payments (Notes 5, 6)
Travel
Wages (Note 6)
Other income (expense)
Foreign exchange gain (loss)
Change in fair value of share compensation liability (Note 5)
Net loss for the period
Other comprehensive income (loss)
Items that may be reclassified to profit or loss
Foreign currency translation adjustment Total Comprehensive loss for the period
Basic and Diluted Loss per share
Weighted average number of common shares outstanding
Basic and Diluted
Three Months Ended January 31, 2022 2021
$
2,563,447
$
3,373,981
303,512 292,786
39,529 17,923
- 6,194
(2,906,488)
(3,690,884)
31,490 1,794
4,071 2,881
2,860 30,252
24,049 12,225
34,404 46,258
214,912 131,135
387,035 350,208
33,883 21,728
24,709 21,294
3,870 6,143
200,555 218,504
1,905 6,899
35,552 29,773
(999,295)
(879,094)
59,870 52,130 112,000
(59,046) 79,966 20,920
(3,793,783)
110,078
(4,549,058)
(80,059)
$ $
(3,683,783)
$ $
(4,629,117)
(0.02)
(0.04)
152,535,344
107,188,366
The accompanying notes are an integral part of these condensed consolidated interim financial statements
BLACKROCK SILVER CORP. (Formerly Blackrock Gold Corp.)
Condensed Consolidated Interim Statements of Cash Flows
(Unaudited - Expressed in Canadian dollars)
Cash provided by (used for): Operating activities
Net loss for the period
Adjustment for items not involving cash:
Depreciation included in exploration expenditures Foreign exchange
Share-based payments
Change in fair value of share compensation liabilityChanges in non-cash operating capital:
Amounts receivable
Prepaid expenses and deposits Accounts payable and accrued liabilities Due to related parties
Investing activity
Fixed asset purchase
Financing activities
Issuance of common shares Share issuance costs
Settlement of restricted share units Deposit for share option exerciseDecrease in cash
Effect of exchange rate changes on cash Cash, beginning of the period
Cash, end of the period
Three Months Ended January 31, 2022 2021
$
(3,793,783)
9,752
139,115
200,555
(52,130)
$
(4,549,058)
(203,962)
218,504
(79,966)
(3,496,491)
(4,613,721)
(25,639) (79,320)
(13,803) 42,969
(384,017) (459,685)
(163,779) (115,428)
(4,149,246)
(5,159,668)
(25,863) (25,863)
(15,861) (15,861)
2,676,653
(344,126)
(147,820)
-
2,184,707
304,810 - - 33,750 338,560
(1,990,402)
(98,581) 8,535,438
(4,836,969)
107,823 6,589,531
$
6,446,455
$
1,860,385
The accompanying notes are an integral part of these condensed consolidated interim financial statements
761
BLACKROCK SILVER CORP. (Formerly Blackrock Gold Corp.)
Condensed Consolidated Interim Statements of Changes in Equity
(Unaudited - Expressed in Canadian dollars)
Accumulated | |||||||
Deposit for | other | ||||||
share | comprehensive | ||||||
issuance | Reserves | income (loss) | Deficit | Total equity | |||
Balance at October 31, 2020 | - | $ | 5,345,673 $ | 28,289 $ | (18,123,651) $ | 6,954,988 | |
Warrants and finder's warrants | |||||||
exercised | 971,190 | 286,368 | - | (16,558) | - | - | 269,810 |
Share options exercised | 300,000 | 58,490 | (23,490) | - | - | 35,000 | |
Share-based payments | - | - | - | 132,096 | - | - | 132,096 |
Deposits for future share issuance | - | - | 33,750 | - | - | - | 33,750 |
Net loss for the period | - | - | - | - | - | (4,549,058) | (4,549,058) |
Foreign currency translation | |||||||
adjustment | - | - | - | - | (80,059) | - | (80,059) |
Balance at January 31, 2021 | 107,990,739 | 20,049,535 | 33,750 | 5,437,721 | (51,770) | (22,672,709) | 2,796,527 |
Private placements | 30,375,001 | 22,350,001 | - | - | - | - | 22,350,001 |
Share issue costs | - | (2,332,401) | - | 629,790 | - | - | (1,702,611) |
Shares issued in settlement of RSUs | 120,664 | 108,597 | - | - | - | - | 108,597 |
Warrants and finder's warrants | |||||||
exercised | 4,807,425 | 1,433,892 | (33,750) | (3,414) | - | - | 1,396,728 |
Share options exercised | 500,000 | 56,200 | - | (31,200) | - | - | 25,000 |
Share-based payments | - | - | - | 3,282,863 | - | - | 3,282,863 |
Deposits for future share issuance | 5,045,611 | - | - | - | 5,045,611 | ||
Net loss for the period | - | - | - | - | - | (23,472,079) | (23,472,079) |
Foreign currency translation | |||||||
adjustment | - | - | - | - | 108,052 | - | 108,052 |
Balance at October 31, 2021 | 143,793,829 | 41,665,824 | 5,045,611 | 9,315,760 | 56,282 | (46,144,788) | 9,938,689 |
Private placements | 8,750,000 | 7,000,000 | (5,045,611) | - | - | - | 1,954,389 |
Share issue costs | - | (457,866) | - | 113,740 | - | - | (344,126) |
Shares issued in settlement of RSUs | 155,600 | 147,820 | - | - | - | - | 147,820 |
Warrants exercised | 1,914,812 | 574,444 | - | - | - | - | 574,444 |
Share-based payments | - | - | - | 40,878 | - | - | 40,878 |
Net loss for the period | - | - | - | - | - | (3,793,783) | (3,793,783) |
Foreign currency translation | |||||||
adjustment | - | - | - | - | 110,078 | - | 110,078 |
Balance at January 31, 2022 | - | $ | (49,938,571) $ | 8,628,389 |
Number of shares
Share capital
106,719,549 $ 19,704,677 $
154,614,241 $ 48,930,222
$
9,470,378 $
166,360
$
The accompanying notes are an integral part of these condensed consolidated interim financial statements
- 5 -
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Blackrock Gold Corp. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 02:02:06 UTC.
