GOLDHAVEN RESOURCES CORP.
(An Exploration Stage Company)
Condensed Interim Consolidated Financial Statements
(Unaudited - Prepared by Management)
For the nine months ended April 30, 2022 and 2021
Expressed in Canadian Dollars
Corporate Head Office
2710 - 200 Granville Street
Vancouver, BC
V6C 1S4
P a g e 1 | 34
GOLDHAVEN RESOURCES CORP.
(An Exploration Stage Company)
Condensed Interim Consolidated Financial Statements
(Unaudited - Expressed in Canadian Dollars)
April 30, 2022 and 2021
INDEX | Page |
Notice of No Auditor Review | 3 |
Interim Consolidated Financial Statements | 4-7 |
Interim Consolidated Statements of Financial Position | 4 |
Interim Consolidated Statements of Loss and Comprehensive Loss | 5 |
Interim Consolidated Statements of Changes in Shareholders' Equity | 6 |
Interim Consolidated Statements of Cash Flows | 7 |
Notes to Interim Consolidated Financial Statements | 8-34 |
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GOLDHAVEN RESOURCES CORP.
NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim consolidated financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim consolidated financial statements in accordance with standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor.
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GOLDHAVEN RESOURCES CORP.
Condensed Interim Consolidated Statements of Financial Position
(Unaudited - Expressed in Canadian Dollars)
As at April 30, 2022 and July 31, 2021
April 30, | July 31, | |||
2022 | 2021 | |||
ASSETS | ||||
Current | ||||
Cash | $ | 2,207,819 | $ | 1,277,692 |
Receivables (Note 5) | 302,477 | 231,314 | ||
Prepaids (Note 4) | 66,643 | 326,545 | ||
2,576,939 | 1,835,551 | |||
Exploration and evaluation assets (Note 6) | 9,645,793 | 9,059,420 | ||
Right-of-use asset (Note 7) | 71,715 | 94,766 | ||
Total Assets | $ | 12,294,447 | $ | 10,989,737 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Current | ||||
Accounts payable and accrued liabilities | $ | 89,228 | $ | 165,325 |
Due to related parties (Note 8) | 7,350 | - | ||
Lease liability - current portion (Note 7) | 29,249 | 25,206 | ||
125,827 | 190,531 | |||
Lease liability (Note 7) | 49,215 | 71,686 | ||
175,042 | 262,217 | |||
Shareholders' Equity | ||||
Common shares (Note 9) | 16,408,657 | 10,331,788 | ||
Common shares to be issued (Note 9) | - | 3,107,283 | ||
Warrant reserves (Note 9) | 1,788,218 | 1,792,469 | ||
Share-based payment reserves (Note 9) | 1,109,477 | 584,572 | ||
Deficit | (7,186,947) | (5,088,592) | ||
12,119,405 | 10,727,520 | |||
Total Liabilities and Shareholder's Equity | $ | 12,294,447 | $ | 10,989,737 |
On behalf of the Board:
(Signed) "David C. Smith" | (Signed) "Gordon L. Ellis" | |
David C. Smith, Director | Gordon L. Ellis, Director | |
The accompanying notes are an integral part of these consolidated financial statements.
P a g e 4 | 34
GOLDHAVEN RESOURCES CORP.
Condensed Interim Consolidated Statements of Loss and Comprehensive Loss For the three and nine months ended April 30, 2022 and 2021
(Unaudited - Expressed in Canadian Dollars)
Three months | Three months | Nine months | Nine months | |||||
ended | ended | ended | ended | |||||
April 30, | April 30, | April 30, | April 30, | |||||
2022 | 2021 | 2022 | 2021 | |||||
Operating expenses | ||||||||
Amortization (Note 7) | $ | 7,683 | $ | - | $ | 23,051 | $ | - |
Consulting fees (Note 8) | 167,252 | 1,083,919 | 667,064 | 1,529,744 | ||||
Investor relations | 91,647 | 273,537 | 623,185 | 651,439 | ||||
Share-based payments (Note 10) | 160,635 | 118,000 | 524,905 | 732,000 | ||||
Office and administration | 23,091 | 28,762 | 84,934 | 57,117 | ||||
Professional fees | 27,256 | 56,060 | 99,198 | 109,877 | ||||
Regulatory fees | 8,537 | 5,437 | 29,038 | 29,826 | ||||
Rent (Note 8) | 6,529 | 11,469 | 32,789 | 30,510 | ||||
Net loss for the period | (492,630) | (1,577,184) | (2,084,164) | (3,140,513) | ||||
Foreign exchange loss (gain) | (617) | (24,689) | (14,191) | (23,444) | ||||
Write-off of exploration and evaluation assets | ||||||||
(Note 6) | - | (174,631) | - | (174,631) | ||||
Loss and comprehensive loss for the period | $ | (493,247) | $ | (1,776,504) | $ | (2,098,355) | $ | (3,338,588) |
Basic and diluted loss per common share | $ | (0.01) | $ | (0.04) | $ | (0.03) | $ | (0.08) |
Weighted average number of common shares | ||||||||
outstanding | 69,681,131 | 45,931,083 | 66,342,884 | 39,495,504 |
The accompanying notes are an integral part of these consolidated financial statements.
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Goldhaven Resources Corp. published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 21:45:23 UTC.